| 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
- ₹148.94
- Market cap
- ₹5,397 Cr
- Revenue (annual)
- ₹4,802 Cr
- Net profit (annual)
- ₹470.4 Cr
- P/E (TTM)
- 15.1×Sector 45.6×
- Promoter holding
- 63.01%+0.00% QoQ
- FII holding
- 3.37%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 Bags ₹1,250 Cr Order from Avaada Electro Limited
Vikram Solar Limited signed a domestic supply agreement with Avaada Electro Limited to procure 1 GW of solar cells. The contract is valued at approximately Rs.1,250 Crore.
- Value
- ₹1,250 Cr
- From
- Avaada Electro Limited
- solar cell supply
- 1.0 GW
Vikram Solar Business Update
Vikram Solar signed a supply agreement with Avaada Electro to procure 1 GW of solar cells for Rs.1,250 crore, enhancing its domestic supply chain resilience.
- Value
- ₹1,250 Cr
- solar cell procurement
- 1.0 GW
Vikram Solar Bags ₹1.56 Cr Order from Capital Energy Private Limited
Vikram Solar won a ₹1.56 Crore order from Capital Energy Private Limited for 124 MW of G12R TOPCon modules. Delivery is due by end of Q3 2026.
- Value
- ₹1.56 Cr
- From
- Capital Energy Private Limited
- Execution
- By end of Q3 FY2026
- solar module supply
- 124 MW
Vikram Solar Bags New Order from Capital Energy Private Limited
Vikram Solar secured a 124 MW module supply order from Capital Energy for a solar project in Andhra Pradesh. G12R TOPCon module delivery begins October 2026.
- From
- Capital Energy Private Limited
- Execution
- By end of 3rd quarter, 2026
- solar module supply
- 124.0 MW
Vikram Solar Acquisition Worth ₹0.48 Cr
Vikram Solar Limited will acquire 100% stake in Vikram Solar Australia Pty Ltd for USD 50,000. This move supports the company's overseas expansion strategy.
- Value
- ₹0.48 Cr
- Execution
- 2026-08-26
Vikram Solar Acquisition Worth ₹0.47 Cr
Vikram Solar Limited acquired 100% of Vikram Solar Australia Pty Ltd for USD 50,000 (approx. ₹0.48 Crore) to support its overseas expansion strategy.
- Value
- ₹0.47 Cr