Vikram Solar Unlisted Shares FY24 Results & IPO News: Should You Invest in India’s Next Solar Giant?

Another solar manufacturing giant, Vikram Solar, has filed its DRHP for an IPO. Excited? They’ve also announced their FY24 results: Revenue has grown by 20%, reaching ₹2,500 crore, and there’s been a significant improvement in profit margins, with the net profit margin reaching 3.2%.

In terms of expansion, their current manufacturing capacity is 3.5 GW, with plans to expand it to 5 GW by FY25 and 10.5 GW by FY26. They also have a strong order book of 8,214 MW.

Although Vikram Solar is overvalued, strong sectoral tailwinds and capacity expansion could make it an attractive investment. So, if you’re interested in investing, contact Planify now.

About Vikram Solar Unlisted Shares:

Vikram Solar is a leading solar energy company in India, known for its high-quality solar modules and comprehensive solar solutions. With a strong focus on innovation and sustainability, Vikram Solar is committed to powering a greener future. They offer a wide range of products and services, including solar modules, rooftop solar solutions, and large-scale solar power plants. Their products are designed to deliver high efficiency, reliability, and long-term performance. Vikram Solar's dedication to quality and customer satisfaction has made them a trusted name in the solar industry.

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