Vikram Solar Ltd
Next 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Vikram Solar Limited is a leading solar energy solutions provider, specializing in high-efficiency photovoltaic (PV) module manufacturing and comprehensive engineering, procurement, and construction (EPC) services. The company has a global presence, offering products and services in over six continents. Vikram Solar is committed to sustainability and innovation, contributing significantly to the renewable energy sector by providing reliable solar solutions.
Incorporation Year: 2005
Headquarters: Kolkata, West Bengal
Top Management: Mr. Gyanesh Chaudhary (Managing Director & CEO)
Industry: Energy Ancillary
Website: vikramsolar.com
Featured In Fortune India Ranking
Next 500 India
#209(2024)#167(2023)#32(2020)
#209(2024)#167(2023)#32(2020)
Ranking Trend Fortune Next 500 India
Financial Data 2024
Revenue
2,521
(INR Cr)
Net Operating Income
2,511
(INR Cr)
Assets
1,774
(INR Cr)
Profit
80
(INR Cr)
Net Worth
445
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2521 15.0% | 2193 25.0% | 1754 7.8% | 1627 0.0% | 1627 -17.6% | 1975 3.5% | 1909 101.5% | 947 36.0% | 697 59.9% | 436 - |
| Net Operating Income (INR Cr) | 2511 21.11% | 2073 19.82% | 1730 7.46% | 1610 -1.80% | 1640 0.00% | 1938 2.30% | 1894 0.00% | 933 45.40% | 642 0.00% | 427 0.00% |
| Profit (INR Cr) | 80 450.2% | 14 - | -63 - | 38 69.7% | 23 -35.4% | 35 -19.6% | 43 -21.3% | 55 128.3% | 24 2.8% | 23 - |
| Assets (INR Cr) | 1774 3.6% | 1713 43.5% | 1194 5.7% | 1129 27.5% | 886 -7.7% | 959 -8.9% | 1053 25.3% | 840 45.9% | 576 97.9% | 291 - |
| Net Worth (INR Cr) | 445 22.0% | 365 4.0% | 351 -15.2% | 414 14.5% | 362 0.0% | 353 8.0% | 327 0.0% | 218 41.1% | 155 0.0% | 125 0.0% |
| Employee Cost (INR Cr) | 96 5.6% | 91 -16.4% | 109 25.3% | 87 -5.8% | 92 19.9% | 77 14.3% | 67 123.2% | 30 33.7% | 23 100.4% | 11 - |
| Interest Cost (INR Cr) | 155 | 122 | 103 | 99 | 95 | 91 | 68 | 50 | 37 | 19 |
| Cash & Bank Balance (INR Cr) | 116 | 104 | 136 | 101 | 122 | 98 | 75 | 35 | 99 | 28 |
| Total Debt (INR Cr) | 854 | 792 | 703 | 672 | 494 | 559 | 703 | 602 | 401 | 161 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 3.2% | 0.7% | - | 2.4% | 1.4% | 1.8% | 2.3% | 5.8% | 3.5% | 5.4% |
| Profit As % Of Assets | 4.5% | 0.9% | - | 3.4% | 2.5% | 3.6% | 4.1% | 6.6% | 4.2% | 8.1% |
| Profit As % Of Networth | 17.9% | 4.0% | - | 9.2% | 6.2% | 9.9% | 13.2% | 25.2% | 15.6% | 18.7% |
| Interest Cost to EBITDA % | 40.0% | 65.6% | 175.3% | 56.2% | 67.9% | 58.3% | 51.1% | 41.3% | 47.6% | 37.9% |
| Debt to Equity Ratio | 1.92 | 2.17 | 2.00 | 1.62 | 1.37 | 1.58 | 2.15 | 2.76 | 2.60 | 1.28 |
| RONW | 21.8% | 4.0% | - | 9.8% | 6.2% | 10.2% | 13.2% | 29.5% | 20.6% | 18.7% |
| ROCE | 15.7% | 9.7% | 2.0% | 15.5% | 14.2% | 14.3% | 11.8% | 15.9% | 14.3% | 16.6% |