Vikram Solar Limited (VIKRAMSOLR) — NSE Stock Analysis

Sector: Technology. Industry: Solar. Share price: ₹188.87.

Company Overview

Vikram Solar Limited is a leading manufacturer of solar photovoltaic (PV) modules and an integrated solar energy solutions provider based in India. Established in 2005, the company has grown to become one of the country's largest pure-play PV module manufacturers by operational capacity, with an installed manufacturing base of 4.5 GW as of March 2025. Vikram Solar specializes in producing high-efficiency solar modules and offers end-to-end engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) solutions. Serving a global clientele and active in 39 countries, Vikram Solar has played a significant role in advancing solar energy adoption, both domestically and internationally, contributing to projects that span utility, commercial, and residential sectors. The company is known for technological innovation, evidenced by continuous improvements in module efficiency—from 17.52% in 2016 to 23.66% by early 2025—and has received recognition as a Tier-1 PV module maker. Vikram Solar’s strong engineering expertise and robust manufacturing processes position it as a key player in India’s renewable energy push and the broader transition toward sustainable power generation.

Valuation Snapshot

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