Vikram Solar VIKRAMSOLR
Solar module maker (listed Aug 2025), expanding into cells
Mapped in 1 theme: Solar Module Manufacturing (ALMM).
Where Vikram Solar sits in the supply chain
Vikram Solar appears in 1 supply-chain layer in one theme, Solar Module Manufacturing (ALMM).
Solar Module Manufacturing (ALMM) › Solar Module Assembly
Direct supplierOther companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 2,511 | 3,415 | 4,803 |
| Net profit | 80 | 139 | 469 |
Latest-year revenue ₹4,803 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- Established, long-running module manufacturer with meaningful export relationships
Risks
- Industry-wide module capacity additions are running ahead of demand, risking price pressure
- Expansion into cells adds execution risk on a new, more capital-intensive process
Common questions
What does Vikram Solar do?
Solar module maker (listed Aug 2025), expanding into cells.
Where does Vikram Solar sit in the supply chain?
Vikram Solar (NSE: VIKRAMSOLR) is mapped in 1 supply-chain layer: Solar Module Assembly (Solar Module Manufacturing (ALMM)).
Who are Vikram Solar's peers?
In the Solar Module Assembly layer of Solar Module Manufacturing (ALMM): Waaree Energies, Premier Energies, Adani Enterprises and Insolation Energy.
What is Vikram Solar's market cap and valuation?
As of 30 Oct 2026: market cap ₹4,542 Cr, P/E 12.6x, ROCE 30.6%, ROE 21.4%, dividend yield 0%.