| Market Cap (cr): | ₹12,000 Crore | Book Value: | ₹17.2 per share |
|---|---|---|---|
| Lot Size: | 500 Shares | 52 Week High: | ₹505 |
| 52 Week Low: | ₹285 | EPS: | ₹4.42 |
| Demat Account: | PB: | 11.2 | |
| Face Value: | ₹10 | Debt To Equity: | 0.19 |
| No Of Shares: | 31,87,84,996 | Url: |
Overview :
Company Overview
Vikram Solar Limited is India’s premier integrated solar energy company, specializing in the manufacture of high-efficiency photovoltaic (PV) modules and comprehensive engineering, procurement, and construction (EPC) solutions. Since its inception in 2006, Vikram Solar has maintained robust growth by focusing on R&D, technology innovation, and global exports, earning its place as one of the nation’s largest solar module manufacturers and a preferred partner for large-scale solar projects. With a dynamic international presence and an installed capacity surpassing 3 GW, Vikram Solar continues to drive India’s clean energy ambition while delivering value to customers and investors alike.
Board of Directors
| Name | Designation |
|---|---|
| Mr. Gyanesh Chaudhary | Chairman & Managing Director |
| Mr. Krishna Kumar Maskara | Whole-Time Director & President |
| Ms. Neha Agrawal | Whole-Time Director & Head |
| Ms. Ratnabali Kakkar | Independent Director |
| Mr. Subramanya Krishnappa | Independent Director |
| Mr. Sumit Binani | Independent Director |
Company Incorporation Details
| Field | Details |
|---|---|
| Corporate Identification No. (CIN) | U18100WB2005PLC106448 |
| Date of Incorporation | December 2, 2005 |
| Registered Office | The Chambers, 8th Floor, 1865, Rajdanga Main Road, Kolkata – 700107 |
| ISIN | INE078V01014 |
| Lot Size | 500 shares |
Shareholding Pattern
| Shareholder Category | Approx. % Holding |
|---|---|
| Promoters | 75% |
| Institutional Investors | 10% |
| Public & Employees | 15% |
Net Sales (in cr.)
Total Income (in cr.)
Operating Profit (in cr.)
Net Profit (in cr.)
Shareholder Funds (in cr.)
Total Assets (in cr.)
News
October 8, 2025
Vikram Solar Limited Unlisted Shares
Vikram Solar IPO: Rs 1500 cr issue! Expansion plans, financials and key details – What DRHP reveals (Image: Canva/ET NOW Digital)
Vikram Solar Ltd, a leading Indian solar photovoltaic (PV) module manufacturer, has recently received approval from the Securities and Exchange Board of India (SEBI ) to go ahead with its Initial Public Offering (IPO ). The issue includes a fresh issue of shares worth up to Rs 1,500 crore, along with an Offer for Sale (OFS) of up to 17.45 million equity shares by promoters.
IPO proceeds utilisation
Out of the IPO proceeds, Rs 793.36 crore will be invested in VSL Green Power Pvt Ltd, a subsidiary of Vikram Solar. This funding will help establish a 3,000 MW solar cell and matching module manufacturing facility. An additional Rs 602.95 crore will be used to expand existing solar module capacity from 3,000 MW to 6,000 MW at the same site as part of its Phase II expansion strategy.
Strong Financial Growth in FY24
The company recorded a solid financial performance in FY24. Revenue jumped 21.11% to Rs 2,510.99 crore from Rs 2,073.23 crore in FY23. EBITDA more than doubled to Rs 398.58 crore, compared to Rs 186.18 crore a year earlier, driven by strong domestic and export demand for its modules.
Vikram Solar IPO Registrar and BRLM
JM Financial Ltd, Nuvama Wealth Management Ltd, UBS Securities India Pvt Ltd, Equirus Capital Pvt Ltd, and PhillipCapital (India) Pvt Ltd are the appointed book-running lead managers. Link Intime India Pvt Ltd will act as the registrar to the issue.
About the company
Vikram Solar is known for offering high-efficiency modules using advanced technologies like n-type monocrystalline silicon-based TOPCon and HJT, as well as p-type monocrystalline PERC modules. This diversified range has helped the company stand out in India’s competitive renewable energy space.
Currently, Vikram Solar operates with an installed capacity of 4.50 GW, and it plans to ramp this up to 10.50 GW by FY26 and 15.50 GW by FY27. It is also working on backward integration by developing a 3.00 GW solar cell manufacturing plant in Tamil Nadu.
Vikram Solar Limited Unlisted Shares
Big News in the Solar Sector! A Bright Investment Opportunity is Shining!
Vikram Solar bags 250 MW order from Bondada Group for Maharashtra solar project
What’s the News?
✔ Vikram Solar, a leading Indian solar panel manufacturer, will supply 250 megawatts (MW) worth of solar modules.
✔ The buyer is Bondada Group, a trusted infrastructure and solar EPC company.
✔ These panels will be used in a large solar power project to be developed in Maharashtra.
✔ Delivery of the modules is expected to be completed by Q3 of FY26.
✅ Why is This Important for Investors?
- Vikram Solar is one of the India’s top solar module manufacturers with 3.5 GW+ production capacity.
- Active in both Indian and international solar markets (USA, Europe, Africa).
- Strong EPC track record with over 1.4 GW of solar projects completed.
- The company may soon re-launch its IPO and more orders like this to boost investor confidence!
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