ALFA Finder| Revenue growth | 40% YoY for FY26; 22% YoY for Q4. |
|---|---|
| Margins | FY26 EBITDA margin improved to 19% from 14% YoY. |
| Order book | 8.2 GW total; 1.9 GW secured in Q4. |
| Demand visibility | Strong, backed by 8.2 GW order book and 509 GW long-term demand. |
| Management confidence | High, citing stable line performance and strong pipeline conversion. |
Growth
FY26 Revenue grew 40% YoY to ₹4,802 Cr; EBITDA surged 86% to ₹917 Cr; PAT jumped 236% to ₹470 Cr.
Outlook
Targeting 15.5 GW Module, 12 GW Cell/Wafer/Ingot integration by FY30. June '26 first module from Vallam plant.
Risks
US trade duties of 250%+ on exports; China's export rebate removal; grid constraints limiting project evacuation.
Earnings Call filed with BSE, 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.