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VIKO.NS NSE (India) Renewable Energy Equipment & Services

Vikram Solar Ltd

$200,63
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LatestVikram Solar insolvency proceedings stayed by NCLAT
Last 30 days
1D5D1M3M6MYTD1Y5YMax
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Mcap
P/E
EV / Rev
Div yield
Op margin
10,0 %
ROE
11,3 %
Net margin
4,1 %
Debt / equity
0,22
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Vikram Solar Ltd is a renewable energy equipment and services company that generates revenue primarily through the production and sale of solar photovoltaic modules and related services.

Business. Vikram Solar Ltd (VIKO.NS) is an Indian renewable energy equipment and services company headquartered in India. The firm operates within the renewable energy sector, focusing on the provision of solar energy solutions. It is primarily listed on the National Stock Exchange of India. Specific details regarding operating segments and geographic revenue mix are not available.

Classification92 %
SectorEnergy
Business sectorRenewable Energy
IndustryRenewable Energy Equipment & Services
ActivityRenewable Energy
Generated · model-assisted
Sell-side consensus
BUY5 analysts
4 buy1 hold0 sell
Avg 12m price target270,80

Analyst recommendations

5 analysts · consensus Buy
Buy4
Hold1
Sell0
12-month price target
270,80
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
5 analysts · indicative
Ownership
not yet wired
Profitability
11,3 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

1
  • MARKETSVikram Solar insolvency proceedings stayed by NCLAT2026-06-25
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy · THIS SECTOR+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to VIKO.NS. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    Briefing · model-assisted

    Vikram Solar Ltd (VIKO.NS) has entered the monitoring scope for the first time, establishing a baseline for future analysis. As this is the initial assessment for the ticker, there is no prior data available to compute material changes or deltas in performance metrics. Consequently, no specific shifts in financials, operations, or market position can be reported at this stage. The current data profile for the company is sparse, with zero recorded officers, analysts, index memberships, or top holders in the available dataset. This lack of structured metadata suggests that comprehensive fundamental coverage or detailed ownership tracking is not yet established within the current monitoring framework. Market activity signals indicate minimal recent dispatch volume. On June 25, 2026, a single dispatch was recorded with no associated sentiment, while subsequent days through mid-July 2026 show zero dispatches. This low volume of activity underscores the preliminary nature of the current data capture for the entity. Given the absence of material changes, watcher signals, or cross-source sentiment trends, the significance of this entry lies solely in its role as a foundational record. Future updates will rely on the accumulation of financial data and estimates, as referenced by the available citation sources, to provide meaningful insights into the company's trajectory.

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Vikram Solar Ltd (VIKO.NS) is an Indian renewable energy equipment and services company headquartered in India. The firm operates within the renewable energy sector, focusing on the provision of solar energy solutions. It is primarily listed on the National Stock Exchange of India. Specific details regarding operating segments and geographic revenue mix are not available.

    Classification92 %
    SectorEnergy
    Business sectorRenewable Energy
    IndustryRenewable Energy Equipment & Services
    ActivityRenewable Energy
    AI synthesis
    GENERATED

    Vikram Solar maintains a conservative capital structure with a debt-to-equity ratio of 0.22, indicating a relatively low reliance on debt financing. The company's liquidity position is characterized as medium, with a current ratio of 1.55, suggesting it can cover its short-term obligations but with limited excess capacity. However, the company's net cash position is negative after subtracting total debt, which may signal potential liquidity constraints in the near term.

    In terms of profitability, Vikram Solar's return on equity (ROE) of 11.26% and return on assets (ROA) of 4.94% are key indicators of its financial performance. These figures suggest the company is generating a moderate return for its shareholders and effectively utilizing its assets to generate profit. The company's gross profit margin of 23.87% (calculated as gross profit divided by revenue) and operating margin of 10.0% (calculated as operating income divided by revenue) indicate a healthy level of profitability relative to its revenue base.

    Geographically, Vikram Solar's revenue is concentrated in India, with no disclosed international segments. The company's exposure to the Indian market may present both opportunities and risks, as it is subject to local economic conditions and regulatory changes. The company's business is not disclosed to be segmented by product or service, which limits the ability to assess the contribution of different offerings to overall performance.

    Looking ahead, Vikram Solar is expected to maintain a stable growth trajectory, with no significant revenue growth or decline projected in the current or next fiscal year. The company's capital expenditure of -1.46 billion INR indicates a reduction in investment in long-term assets, which may reflect a strategic shift or a response to market conditions. The company's free cash flow of 1.49 billion INR suggests it has sufficient cash to fund operations and potentially return value to shareholders.

    The company's risk profile is characterized by a low dilution potential and a medium liquidity risk. The risk assessment highlights the negative net cash position after subtracting total debt as a key flag, which could impact the company's ability to meet its obligations without additional financing. The company's recent financial performance and risk factors are consistent with its current valuation and analyst price targets, which range from 215.00 INR to 323.00 INR.

    Recent events and filings have not indicated any material changes in the company's operations or financial condition. The company's current financial snapshot and risk assessment suggest a stable but cautious outlook, with the potential for moderate growth and profitability in the coming years.

    Vikram Solar Ltd (VIKO.NS) has entered the monitoring scope for the first time, establishing a baseline for future analysis. As this is the initial assessment for the ticker, there is no prior data available to compute material changes or deltas in performance metrics. Consequently, no specific shifts in financials, operations, or market position can be reported at this stage. The current data profile for the company is sparse, with zero recorded officers, analysts, index memberships, or top holders in the available dataset. This lack of structured metadata suggests that comprehensive fundamental coverage or detailed ownership tracking is not yet established within the current monitoring framework. Market activity signals indicate minimal recent dispatch volume. On June 25, 2026, a single dispatch was recorded with no associated sentiment, while subsequent days through mid-July 2026 show zero dispatches. This low volume of activity underscores the preliminary nature of the current data capture for the entity. Given the absence of material changes, watcher signals, or cross-source sentiment trends, the significance of this entry lies solely in its role as a foundational record. Future updates will rely on the accumulation of financial data and estimates, as referenced by the available citation sources, to provide meaningful insights into the company's trajectory.

    Key takeaways
    • Vikram Solar maintains a conservative capital structure with a debt-to-equity ratio of 0.22.
    • The company's return on equity of 11.26% and return on assets of 4.94% indicate moderate profitability.
    • The company's liquidity position is characterized as medium, with a current ratio of 1.55.
    • The company's free cash flow of 1.49 billion INR suggests it has sufficient cash to fund operations and potentially return value to shareholders.
    • The company's risk profile is characterized by a low dilution potential and a medium liquidity risk.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $200,63
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    $12.42B
    Net cash
    -$2.44B
    Current ratio
    1.6
    Debt / equity
    0.2
    ROA
    4.9%
    ROE
    11.3%
    Cash conversion
    214.0%
    CapEx / revenue
    -4.3%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution5 analysts
    Strong buy3
    Buy1
    Hold1
    Sell0
    Strong sell0
    12-month price target$270,80 · Median $290,00
    Low $215,00High $323,00
    Operating income · consensus7,0B INR

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$215,00
    Mean$270,80
    Median$290,00
    High$323,00
    Spot$200,63
    +35.0 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin10,0 %Above P75
    Net Margin4,1 %Above median
    ROE11,3 %Above P75
    Capex / Rev-4,3 %Above median
    D/E0,22Above median
    Cash Conv2,14Above P75

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Vikram Solar Ltd Market data — financials · 2026-05-29
    • Vikram Solar Ltd Market data — analyst estimates · 2026-05-29

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    VIKO.NSCanonical
    NSE (India) · USD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage