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Vikram Solar Limited (VIKRAMSOLR) Fair Value & Analysis

Technology · IN · Market cap ₹68.4B

VS Vikram Solar Limited VIKRAMSOLR · NSE
Price₹188.87
Fair Value₹363.51
Upside+92.5%
Quality44/100
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Evidence: Medium Range ₹272.63 – ₹454.38

Fair value as of: Jul 3, 2026

From 14 valuation models · updated today

Share price −8.0% over the past month.

Price vs Fair Value (10 months)

₹378.80 ₹165.74 Fair Value ₹363.51 Aug 2025 Jul 2026

10‑month range ₹165.74 – ₹378.80 · fair‑value band ₹272.63 – ₹454.38 · the ₹188.87 price screens below the ₹363.51 fair value. As of Jul 3, 2026.

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Analysis

Vikram Solar Limited (VIKRAMSOLR) currently trades at ₹188.87, while our model-based Fair Value estimate is ₹363.51 — implying the stock looks roughly 92.5% undervalued today. We read business quality at 44/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, Vikram Solar Limited generated revenue of ₹48.0B at a net margin of 9.8%. Revenue grew 21.7% year over year. It earns a return on equity of 21.3%. Net debt stands at ₹6.1B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹48.0B
Revenue growth (YoY) +21.7%
Net margin 9.8%
Return on equity 21.3%
Free cash flow −₹925M FY2026
P/E ratio 13.9
More key figures
Operating margin 12.2%
EPS (TTM) ₹13.59
EPS growth (YoY) +6.3%
Net debt ₹6.1B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Vikram Solar Limited manufactures and sells solar photovoltaic modules/systems in India and internationally. It also offers engineering, procurements, and construction solutions, such as risk analysis, site survey, design and engineering, procurement, civil construction, erection and commissioning, project management and control, and quality assurance. In addition, it provides solar operations and maintenance solutions, comprising preventive and corrective maintenance, performance monitoring and analysis, equipment upgrades and retrofits, spare parts management, troubleshooting and fault resolution, and data management and reporting. It sells its products under the Suryava, Hypersol, Paradea, SOMERA, and PREXOS brand names. It also involved in rooftop projects. The company was incorporated in 2005 and is based in Kolkata, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Vikram Solar Limited reported revenue of ₹48.0B in FY2026 versus ₹17.3B in FY2022, a compound +29.1%/yr. Reported net income was ₹4.7B in FY2026.

Revenue +29.1%/yr
FY22 ₹17.3B
FY23 ₹20.7B
FY24 ₹25.1B
FY25 ₹34.2B
FY26 ₹48.0B
Net income
FY22 −₹629M
FY23 ₹145M
FY24 ₹797M
FY25 ₹1.4B
FY26 ₹4.7B

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Similar stocks

6 more Solar stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $263.11 $284.45 +8%
Nextpower Inc NXT $111.95 $79.08 -29%
Waaree Energies Limited WAAREEENER ₹3,034 ₹3,613 +19%
Tongwei Co 600438 ¥13.70 ¥29.90 +118%
Enphase Energy, Inc ENPH $52.41 $22.20 -58%
Jinko Solar Co 688223 ¥5.15 ¥7.41 +44%

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Frequently asked questions

Is Vikram Solar Limited (VIKRAMSOLR) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹363.51 versus a price of ₹188.87 — about +92% (undervalued). Model-based estimate, not financial advice.
What is the fair value of VIKRAMSOLR?
Our model-based fair value for Vikram Solar Limited is ₹363.51 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹188.87.
What is the quality score of VIKRAMSOLR?
Vikram Solar Limited has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Vikram Solar Limited (VIKRAMSOLR)?
Vikram Solar Limited reported trailing-twelve-month revenue of about ₹48.0B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of VIKRAMSOLR?
The net profit margin of Vikram Solar Limited is about 9.8%, meaning it keeps roughly 9.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.