ALFA Finder| Revenue growth | 40% YoY revenue growth reached ₹4,800 crore in FY26. |
|---|---|
| Margins | EBITDA margins expanded 500 bps YoY to 19% due to scale. |
| Order book | Robust order book of 8.2 GW provides multi-year revenue visibility. |
| Demand visibility | Strong demand driven by DCR mandates and national solar targets. |
| Management confidence | Balanced tone focusing on long-term structural shifts and supply chain security. |
Growth
Growth is volume-led, with shipments hitting a record 3.3 GW, a 76% increase YoY.
Outlook
Targeting 15.5 GW module capacity and 12 GW cell capacity by FY28.
Risks
Heavy exposure to raw material price volatility and high dependency on China for wafers.
Earnings Call filed with NSE, NSE: VIKRAMSOLR. Summary written with AI assistance from the document.
Vikram Solar Ltd: key numbers
- Share price
- ₹139.23
- Market cap
- ₹5,045 Cr
- Revenue (annual)
- ₹4,802 Cr
- Net profit (annual)
- ₹470.4 Cr
- P/E (TTM)
- 14.1×Sector 44.3×
- Promoter holding
- 63.01%+0.00% QoQ
- FII holding
- 3.10%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Vikram Solar Ltd
All →Vikram Solar Board Meeting Date
Vikram Solar scheduled a board meeting for November 14, 2026 to consider Q2FY27 results. The trading window remains closed until 48 hours after results are disclosed.
Vikram Solar Bags New Order from NLC India Limited
Vikram Solar secured a 289.87 MWp module order from NLC India Limited for a Rajasthan solar park. No rupee value disclosed; delivery due by March 2027.
- From
- NLC India Limited (on behalf of NLC India Renewables Limited)
- Execution
- By March 2027
- solar module supply capacity
- 289.87 MWp
Vikram Solar Capacity Expansion
Vikram Solar's 9-GW TOPCon cell plant in Tamil Nadu will produce first cells in December 2026. It marks entry into cell manufacturing, expandable to 12 GW.
- solar cell manufacturing capacity
- 9 GW
Vikram Solar Other Announcement
Vikram Solar Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, as per regulatory requirements.
Vikram Solar Bags New Order from A leading renewable energy developer in India
Vikram Solar won a 187 MW module supply order for solar projects in Karnataka and Tamil Nadu. Delivery is due by December 2026.
- From
- A leading renewable energy developer in India (unnamed)
- Execution
- By December 2026
- solar module supply capacity
- 187 MW
Vikram Solar Management Change
Vikram Solar Ltd announced the resignation of Senior Management Personnel Mr. Rony Banerjee and the appointment of Mr. Nimish Jain as Chief Business Officer.