Vikram Solar Share Price - Buy/Sell Online
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Unlisted Shares

PHYSICAL

Vikram Solar Essentials

As of June 5, 2024, Planify reported that Vikram Solar unlisted share price is ₹225 per equity share, with an estimated market capitalization of ₹6471 Cr. The 52-week high for Vikram Solar shares is ₹325, while the 52-week low is ₹185. The lot size for Vikram Solar is 100 shares.

*Note: Vikram Solar shares' price and lot size are subject to change, so it's best to check the latest rates.

ISIN

INE078V01014

Face Value

₹ 10

Total Share

25,88,30,000

Total Income

₹ 2,072.98 undefined

Profit After Tax

₹ ****

EPS

₹ ****

P/E

****

P/B

****

Market Capitalisation

₹ 5,823.68 Cr

Enterprise Value

₹ ****

Book Value

₹ 13.84

Intrinsic Value

₹ ****

Earnings Yield

0.25 %

Sector

Utilities

Sub-sector

Renewables Energy

Category

Upcoming IPO

Cashflow - Operations

195.43

Cashflow - Financing

-₹ 102.22

Vikram Solar Growth

Compounded Sales Growth

1 Year

2 Year

5 Year

Compounded Profit Growth

3 Year

5 Year

Return On Equity

2019

2021

2023

Highlights

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Revenue Growth: Vikram Solar experienced a notable rebound resulting in a 20% year-on-year revenue growth. Profitability also recovered, primarily due to a decline in raw material prices.

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Expansion Plans: The company is making significant investments of $1.5 million to establish a 2 GW module manufacturing capacity in Colorado, USA with possible expansion of up to 4 GW. Vikram Solar has expanded its greenfield capacity in Chennai by adding 1.3 GW, increasing its cumulative module production capacity to 2.5 GW.

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Top Performer: Vikram Solar achieved recognition by being featured in Fortune India's Next 500 list for 2023. The company has consistently secured the top performer position in PVEL's rankings for six out of the last 7 years.

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Accredited R&D Excellence: Vikram Solar's R&D lab received NABL accreditation, indicating its commitment to high-quality research and development. The company has maintained a position in the top three of the Approved List of Module Manufacturers (ALMM) list, showcasing its reliability and quality in the industry.

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Investment Thesis: Vikram Solar successfully rebounded from financial setbacks in FY 23, primarily attributed to the decline in raw material prices. It's worth noting that over 80% of India's solar raw materials are sourced from China and imported through free trade routes, such as Vietnam. Despite a commendable 20% year-over-year increase in sales, the company's net profit margin remains modest at 0.7%. The company is actively pursuing expansion in the United States, with plans to add 2GW of manufacturing capacity, potentially reaching 4GW in the future, backed by a $1.5 billion investment. Notably, Vikram Solar is one of India's top five domestic module manufacturers, boasting a production capacity of 2.5 GW. In FY23, the company emerged as the third-largest domestic module exporter to the United States, capturing a market share of 4.7%. Given its robust performance and strategic expansion plans, industry experts hold optimistic expectations for Vikram Solar's future trajectory.

Business Rating

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Managment

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Accounting Practice

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Profatibility

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Solvency

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Growth

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Valuation

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Overall Ratings

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Recommendation

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Our Team

Quantity

Invest

, Min. Investment: ₹