Vikram Solar Unlisted Shares
About Vikram Solar Unlisted Shares
Introduction: Vikram Solar, established in 2006, is India’s largest domestic photovoltaic (PV) module manufacturer and a prominent player in integrated solar energy solutions. The company is recognized for its contribution to the global solar energy revolution, providing end-to-end solar solutions that include manufacturing, engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services. With its advanced manufacturing units, global presence, and strategic distribution network, Vikram Solar stands as a top choice in the solar energy market.
Comprehensive Solar Solutions by Vikram Solar: Vikram Solar has positioned itself as a leader in providing comprehensive solar energy solutions. The company focuses on manufacturing high-efficiency mono-crystalline and polycrystalline silicon PV modules, offering products that meet international quality standards. In addition to PV module manufacturing, Vikram Solar excels in EPC services, handling the entire project lifecycle—from design and engineering to construction and commissioning. Their O&M services ensure that solar systems continue to perform optimally over the long term, making Vikram Solar a one-stop solution for solar energy needs.
Vikram Solar’s Global Presence: Vikram Solar’s operations extend across six continents, allowing the company to contribute significantly to the global transition to clean energy. With an international presence, the company plays a pivotal role in the adoption of solar technology worldwide. The company’s focus on expanding its global footprint has also resulted in strong market penetration, ensuring its products and services are accessible in diverse markets. Vikram Solar has been instrumental in meeting the growing demand for renewable energy and advancing solar power generation globally.
State-of-the-Art Manufacturing Facilities: Vikram Solar operates three advanced manufacturing units located in West Bengal and Tamil Nadu. These facilities specialize in the production of high-efficiency mono-crystalline and polycrystalline silicon PV modules, known for their superior performance and reliability. The company’s manufacturing process employs cutting-edge technology, ensuring high-quality products that meet the rigorous demands of both domestic and international markets. By consistently focusing on technological advancements, Vikram Solar remains at the forefront of the solar industry, contributing to the growth and evolution of solar technology.
Vikram Solar Unlisted Share: As an unlisted company, Vikram Solar’s shares are not available on public stock exchanges, which limits direct public investment in the company. However, investors looking to participate in the growth of Vikram Solar may consider exploring opportunities to buy unlisted shares of the company. Vikram Solar’s unlisted shares could present an appealing investment avenue due to the company’s strong market position, technological leadership, and expanding global presence.
Given Vikram Solar’s robust manufacturing capabilities, innovative solar solutions, and global reach, the company has the potential for continued growth, making its unlisted shares an attractive option for investors interested in the renewable energy sector. However, it’s essential to consider the risks related to project execution and corporate governance before making an investment decision.
Conclusion: Vikram Solar is a leading name in the solar energy industry, known for its advanced manufacturing facilities, global presence, and comprehensive solar solutions. Despite facing certain challenges, such as project execution risks and governance concerns, the company’s technological excellence and strategic growth initiatives position it as a key player in the renewable energy market. For those considering investment in Vikram Solar’s unlisted shares, the company’s strong market position and commitment to innovation make it a compelling prospect in the rapidly growing solar industry.
By staying focused on technological advancements and addressing its weaknesses, Vikram Solar is well-positioned to continue its leadership in the solar energy sector, providing sustainable and clean energy solutions worldwide.
Pros
- Strong global presence across six continents.
- 42+ distributors in India covering 600 districts.
- Advanced in-house R&D for solar technology innovation.
Cons
- INR 83 Cr withheld due to EPC contract disputes.
- Legal arbitration creates financial uncertainty.
- Excessive executive remuneration raises corporate governance concerns.
Key Details
| Share Name | Vikram Solar Limited Unlisted |
|---|---|
| Shares Price | ₹408.00 per equity share |
| Lot Size | 100 Shares |
| 52 Week High | ₹495 |
| 52 Week Low | ₹185 |
| Depository | NSDL & CDSL |
| PAN Number | AABCI5168D |
| ISIN Number | INE078V01014 |
| CIN | U18100WB2005PLC106448 |
| RTA | Link Intime |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 13,006.43 |
| P/E Ratio | 132.04 |
| P/B Ratio | 28.59 |
| Debt to Equity | 1.82 |
| ROE (%) | 18% |
| Book Value | 14.27 |
| EPS | 3.09 |
| Face Value | 10 |
| Total Shares | 31,87,84,996 |
Financials
| P&L Statement | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 2511 | 2073 | 1730 |
| Cost of Material Consumed | 1676 | 1717 | 1395 |
| Gross Margins (%) | 33.25 | 17.17 | 19.36 |
| Change in Inventory | 3 | -101 | -11 |
| Employee Benefit Expenses | 96 | 91 | 109 |
| Other Expenses | 337 | 179 | 178 |
| EBITDA | 399 | 187 | 59 |
| OPM (%) | 15.89 | 9.02 | 3.41 |
| Other Income | 1 | 19 | 13 |
| Finance Cost | 155 | 122 | 103 |
| D&A | 138 | 64 | 48 |
| EBIT | 261 | 123 | 11 |
| EBIT Margins (%) | 10.39 | 5.93 | 0.64 |
| PBT | 107 | 20 | -79 |
| PBT Margins (%) | 4.26 | 0.96 | -4.57 |
| Tax | 27 | 5 | -16 |
| PAT | 80 | 15 | -63 |
| NPM (%) | 3.19 | 0.72 | -3.64 |
| EPS | 3.09 | 0.58 | -2.43 |
| Financial Ratios | FY24 | FY23 | FY22 |
|---|---|---|---|
| Operating Margin | 11% | 7% | 10% |
| Net Profit Margin | 3% | 1% | 2% |
| Return on Equity (ROE) | 18% | 4% | 9% |
| Debt-Equity | 1.81 | 2.02 | 1.33 |
| Current Ratio | 1.39 | 1.35 | 1.23 |
| Dividend Payout | 0% | 0% | 0% |
| Company | VIKRAM SOLAR LIMITED | ADANI GREEN ENERGY | SOLEX ENERGY LIMITED |
|---|---|---|---|
| Market Cap (₹ Crores) | 15,461.00 | 2,71,693 | 1,755 |
| Profitability Margin (%) | 3.16% | 13.66% | 2.45% |
| ROCE (%) | 23.05% | 9.81% | 17.90% |
| ROE (%) | 17.90% | 17.10% | 20.80% |
| D/E Ratio | 1.81 | 6.38 | 2.08 |
| P/E Ratio | 193.23 | 211 | 201 |
| P/B Ratio | 33.99 | 25.6 | 35.1 |
| Book Value per Share (₹) | 14.27 | 66.8 | 46.2 |
| Assets | 2024 | 2023 | 2022 |
|---|---|---|---|
| Fixed Assets | 456 | 644 | 502 |
| CWIP | 28 | 18 | 4 |
| Investments | 0 | 0 | 0 |
| Trade Receivables | 1185 | 959 | 917 |
| Inventory | 393 | 373 | 265 |
| Other Assets | 523 | 482 | 549 |
| Total Assets | 2585 | 2476 | 2237 |
| Liabilities | 2024 | 2023 | 2022 |
|---|---|---|---|
| Share Capital | 258.8 | 258.8 | 258.8 |
| FV | 10 | 10 | 10 |
| Reserves | 186 | 106 | 92 |
| Borrowings | 808 | 738 | 703 |
| Trade Payables | 647 | 446 | 754 |
| Other Liabilities | 685.2 | 927.2 | 429.2 |
| Total Liabilities | 2585 | 2476 | 2237 |
