VIKRAM SOLAR LTD
Last Traded Price
₹0.00 ( 0.00 % )
Principles
Company Name
VIKRAM SOLAR LTD
ISIN No.
INE078V01014
No. of Outstanding Shares
318784996
PAN No.
AABCI5168D
Face Value
₹ 10.00
EPS
₹2.50
PE ratio
156.00
P/S Ratio
4.93
Market Capitalization (in Cr)
₹12432.61
Book value
₹13.97
P/BV
27.92
DRHP Filed?
Yes
Available on
NSDL CDSL
Sector
SOLAR
CIN
U18100WB2005PLC106448
Registration Date
Dec. 2, 2005
Stock Performance
Stock Price Over Time
Share Details
Company Snapshot
- Vikram Solar is a leading Indian solar energy company with a strong global presence.
- Excels in module manufacturing with a 4.5 GW capacity.
- Offers EPC and O&M services.
- Utilizes cutting-edge technologies and robust financials.
- Strategically expanding to support India’s 2030 goal of 500 GW renewable energy capacity.
Overview & History
- Founded in 2005 by Gyanesh Chaudhary.
- Headquartered in Kolkata, West Bengal.
- Started PV module manufacturing in 2009 with 12 MW capacity, which grew to 4.5 GW by March 2024.
Production & Technology
- Manufacturing units located in:
- Falta SEZ, West Bengal
- Oragadam, Tamil Nadu
- Employs advanced cell technologies like TOPCon, HJT.
- Launched N-type G12R modules (630 Wp).
- Operates a NABL-accredited R&D lab.
- Offers innovative modules like:
- Lightweight
- Hail-resistant
- Bifacial (e.g., “SURYAVA” HJT with >23% efficiency)
Business Scope
- PV Module Manufacturing: Top-tier Indian capacity, Bloomberg Tier-1 certified.
- EPC Services: Over 1 GW of utility-scale projects in India and abroad; 1.6 GW EPC capacity and ~900 MW under O&M.
- O&M Services: Maintains operational solar plants across projects.
Reach & Projects
- Exports to 32–39 countries with over 5 GW of shipments.
- International offices in the US and sourcing presence in China.
- Executed ~275 PV projects totaling ~1.03 GW in India.
- Notable contracts:
- 397.7 MW NTPC Khavda order
- Floating solar installations
- Domestic network:
- Active in 23 Indian states and 3 Union Territories
- ~40 distributors and ~95 integrators
Recognition & Impact
- Named “Top Performer” in Kiwa PVEL’s PQP – 8 times as of 2025.
- Won “Top Brand PV India 2025” by EUPD Research.
- Recognized for:
- Module quality
- Innovation
- Manufacturing excellence
- Highly respected in the Indian renewable energy market.
Industry Outlook
Current Status
- Installed solar capacity in India: Over 82 GW(as of June 2025).
- Part of ~186 GW total renewables installed.
- Target: 280 GW solar by 2030 (within 500 GW non-fossil fuel goal).
- Solar is India’s fastest-growing power segment, contributing ~40% of new capacity additions annually.
Growth Drivers
- Policy Push:
- PM-KUSUM (solar for agriculture)
- PLI Scheme (₹24,000 Cr for domestic solar module manufacturing)
- Solar Park Scheme, Green Energy Corridor
- Falling costs: Levelized cost of electricity (LCOE) for solar is among the lowest globally.
- High demand from C&I (Commercial & Industrial) users for rooftop and open access solar.
Domestic Manufacturing Boost
- Goal: 100+ GW module & 50+ GW cell capacity by 2030.
- Key players: Reliance, Adani, Vikram Solar, Waaree, Tata Power Solar.
- Import duties: 40% on modules, 25% on cells – favoring local manufacturing.
Key Trends
- Utility-scale hybrid projects (solar + wind + battery).
- Floating solar and agri-solar systems gaining traction.
- Solar-powered EV infrastructure expansion.
- Advanced technologies: bifacial, HJT, TOPCon, perovskite integration.
- India seen as a high-growth, low-cost solar hub.
Outlook (2025–2030)
- Estimated solar CAGR: 15–18% till 2030.
- Rooftop solar to grow from ~11 GW to 30+ GW by 2030.
- India likely to become a net exporter of solar modules by 2027.
Conclusion: India’s solar sector is on a rapid growth path, driven by favorable policies, falling costs, and domestic manufacturing. It plays a pivotal role in the country's climate goals and economic expansion.
Latest Shareholding Pattern – Vikram Solar Ltd.
- Promoters & Promoter Group: 49.36%
- Founders (within Promoters): 3.98%
- Funds / Institutional Investors: 2.25%
- Other Individuals: 30.45%
- Other Investors: 9.99%
- ESOP Pool: 3.94%
- Total: 100%
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