Vikram Solar Unlisted Shares
Buy - ₹375.00
Sell - ₹405.00
About Vikram Solar Unlisted Shares
- India’s Leading Solar Manufacturer: Vikram Solar, established in 2006, is the country’s largest domestic photovoltaic (PV) module manufacturer and a key player in integrated solar energy solutions.\
- Comprehensive Solar Solutions: The company operates in PV module manufacturing, engineering, procurement, and construction (EPC) services, along with operations and maintenance (O&M) services, ensuring end-to-end solar energy solutions.
- Global Presence & Contribution: With operations spanning across six continents, Vikram Solar plays a significant role in advancing the solar energy revolution worldwide.
- Advanced Manufacturing Facilities: The company has three state-of-the-art manufacturing units located in West Bengal and Tamil Nadu, specializing in high-efficiency mono-crystalline and polycrystalline silicon PV modules.
Pros
- Strong global presence across six continents.
- 42+ distributors in India covering 600 districts.
- Advanced in-house R&D for solar technology innovation.
Cons
- INR 83 Cr withheld due to EPC contract disputes.
- Legal arbitration creates financial uncertainty.
- Excessive executive remuneration raises corporate governance concerns.
Fundamentals
Vikram Solar Limited Unlisted | ₹485 |
---|---|
Shares Price | Per Equity Share |
Lot Size | 100 Shares |
52 Week High | ₹ 495 |
52 Week LoW | ₹ 185 |
Depository | NSDL & CDSL |
PAN Number | AABCI5168D |
ISIN Number | INE078V01014 |
CIN | U18100WB2005PLC106448 |
RTA | Link Intime |
Market Cap (in cr.) | ₹ 15461 |
---|---|
P/E Ratio | 193.23 |
P/B Ratio | 33.99 |
Debt to Equity | 1.82 |
ROE (%) | 18% |
Book Value | 14.27 |
Face Value | 10 |
Total Shares | 318784996 |
Financials
P&L Statement | 2024 | 2023 | 2022 |
---|---|---|---|
Revenue | 2511 | 2073 | 1730 |
Cost of Material Consumed | 1676 | 1717 | 1395 |
Gross Margins | 33.25 | 17.17 | 19.36 |
Change in Inventory | 3 | -101 | -11 |
Employee Benefit Expenses | 96 | 91 | 109 |
Other Expenses | 337 | 179 | 178 |
EBITDA | 399 | 187 | 59 |
OPM | 15.89 | 9.02 | 3.41 |
Other Income | 1 | 19 | 13 |
Finance Cost | 155 | 122 | 103 |
D&A | 138 | 64 | 48 |
EBIT | 261 | 123 | 11 |
EBIT Margins | 10.39 | 5.93 | 0.64 |
PBT | 107 | 20 | -79 |
PBT Margins | 4.26 | 0.96 | -4.57 |
Tax | 27 | 5 | -16 |
PAT | 80 | 15 | -63 |
NPM | 3.19 | 0.72 | -3.64 |
EPS | 3.09 | 0.58 | -2.43 |
Financial Ratios | FY24 | FY23 | FY22 |
---|---|---|---|
Operating Margin | 11% | 7% | 10% |
Net Profit Margin | 3% | 1% | 2% |
Return on Equity | 18% | 4% | 9% |
Debt-Equity | 1.81 | 2.02 | 1.33 |
Current Ratio | 1.39 | 1.35 | 1.23 |
Dividend Payout | 0% | 0% | 0% |
Company | VIKRAM SOLAR LIMITED | ADANI GREEN ENERGY | SOLEX ENERGY LIMITED |
---|---|---|---|
Market Cap (₹ Crores) | 1190.62 | 271693 | 1755 |
Profitability Margin (%) | 3.16% | 13.66% | 2.45% |
ROCE (%) | 23.05% | 9.81% | 17.90% |
ROE (%) | 17.90% | 17.10% | 20.80% |
D/E Ratio | 1.81 | 6.38 | 2.08 |
P/E Ratio | 149.35 | 211 | 201 |
P/B Ratio | 2.67 | 25.6 | 35.1 |
Book Value per Share (₹) | 172.09 | 66.8 | 46.2 |
Assets | 2024 | 2023 | 2022 |
---|---|---|---|
Fixed Assets | 456 | 644 | 502 |
CWIP | 28 | 18 | 4 |
Investments | 0 | 0 | 0 |
Trade Receivables | 1185 | 959 | 917 |
Inventory | 393 | 373 | 265 |
Other Assets | 523 | 482 | 549 |
Total Assets | 2585 | 2476 | 2237 |
Liabilities | 2024 | 2023 | 2022 |
Share Capital | 258.8 | 258.8 | 258.8 |
FV | 10 | 10 | 10 |
Reserves | 186 | 106 | 92 |
Borrowings | 808 | 738 | 703 |
Trade Payables | 647 | 446 | 754 |
Other Liabilities | 685.2 | 927.2 | 429.2 |
Total Liabilities | 2585 | 2476 | 2237 |