VIKRAM SOLAR LIMITED
Vikram Solar Limited manufactures and sells solar photovoltaic modules/systems in India and internationally. It also offers engineering, procurements, and construction solutions, such as risk analysis, site survey, design and engineering, procurement, civil construction, erection and commissioning, project management and control, and quality assurance. In addition, it provides solar operations an… Read more
VIKRAM SOLAR LIMITED (VIKRAMSOLR) - Net Assets
Latest net assets as of September 2025: ₹29.51 Billion INR
Based on the latest financial reports, VIKRAM SOLAR LIMITED (VIKRAMSOLR) has net assets worth ₹29.51 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹48.09 Billion) and total liabilities (₹18.59 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹29.51 Billion |
| % of Total Assets | 61.36% |
| Annual Growth Rate | 52.33% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 78.54 |
VIKRAM SOLAR LIMITED - Net Assets Trend (2022–2025)
This chart illustrates how VIKRAM SOLAR LIMITED's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for VIKRAM SOLAR LIMITED (2022–2025)
The table below shows the annual net assets of VIKRAM SOLAR LIMITED from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹12.42 Billion | +178.84% |
| 2024-03-31 | ₹4.45 Billion | +21.97% |
| 2023-03-31 | ₹3.65 Billion | +3.96% |
| 2022-03-31 | ₹3.51 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to VIKRAM SOLAR LIMITED's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 237.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹3.32 Billion | 26.70% |
| Common Stock | ₹3.17 Billion | 25.49% |
| Other Components | ₹5.94 Billion | 47.81% |
| Total Equity | ₹12.42 Billion | 100.00% |
VIKRAM SOLAR LIMITED Competitors by Market Cap
The table below lists competitors of VIKRAM SOLAR LIMITED ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TRANSILVANIA INVESTMENTS ALLIANCE S.A.
RO:TRANSI
|
$233.13 Million |
|
Fox-Wizel Ltd
PINK:FXWZF
|
$233.16 Million |
|
Cabio Biotech Wuhan Co Ltd
SHG:688089
|
$233.18 Million |
|
Hubei Mailyard Share Co Ltd
SHG:600107
|
$233.20 Million |
|
Texas Ventures Acquisition III Corp
NASDAQ:TVA
|
$233.10 Million |
|
Nanjing Port Co Ltd
SHE:002040
|
$233.10 Million |
|
Bold Eagle Acquisition Corp. Units
NASDAQ:BEAGU
|
$233.08 Million |
|
Saigon Beer Alcohol Beverage Corp
VN:SAB
|
$233.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VIKRAM SOLAR LIMITED's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,454,170,000 to 12,419,890,000, a change of 7,965,720,000 (178.8%).
- Net income of 1,398,310,000 contributed positively to equity growth.
- New share issuances of 6,526,460,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.40 Billion | +11.26% |
| Share Issuances | ₹6.53 Billion | +52.55% |
| Other Changes | ₹40.95 Million | +0.33% |
| Total Change | ₹- | 178.84% |
Book Value vs Market Value Analysis
This analysis compares VIKRAM SOLAR LIMITED's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.39x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 19.07x to 5.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | ₹9.71 | ₹185.21 | x |
| 2023-03-31 | ₹10.10 | ₹185.21 | x |
| 2024-03-31 | ₹12.31 | ₹185.21 | x |
| 2025-03-31 | ₹34.34 | ₹185.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VIKRAM SOLAR LIMITED utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.26%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.08%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 2.28x
- Recent ROE (11.26%) is above the historical average (3.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -17.92% | -3.64% | 0.77x | 6.37x | ₹-980.69 Million |
| 2023 | 3.97% | 0.70% | 0.84x | 6.78x | ₹-220.28 Million |
| 2024 | 17.90% | 3.17% | 0.97x | 5.80x | ₹351.76 Million |
| 2025 | 11.26% | 4.08% | 1.21x | 2.28x | ₹156.32 Million |
Industry Comparison
This section compares VIKRAM SOLAR LIMITED's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $4,011,790,081
- Average return on equity (ROE) among peers: 4.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VIKRAM SOLAR LIMITED (VIKRAMSOLR) | ₹29.51 Billion | -17.92% | 0.63x | $233.11 Million |
| BOROSIL RENEWABLES LIMITED (BORORENEW) | $9.43 Billion | 7.39% | 0.73x | $259.05 Million |
| GENSOL ENGINEERING ORD (BSE) (GENSOL) | $464.90 Million | 23.85% | 3.47x | $4.61 Million |
| Premier Energies Limited (PREMIERENE) | $4.04 Billion | -3.55% | 2.32x | $1.08 Billion |
| Ravindra Energy Limited (RELTD) | $3.54 Billion | 6.12% | 0.84x | $14.81K |
| Surana Solar Limited (SURANASOL) | $422.12 Million | 6.11% | 1.37x | $7.40 Million |
| Swelect Energy Systems Limited (SWELECTES) | $7.00 Billion | 3.09% | 0.29x | $33.33 Million |
| Sterling and Wilson Renewable Energy Limited (SWSOLAR) | $9.55 Billion | -22.19% | 3.50x | $241.57 Million |
| Ujaas Energy Limited (UEL) | $1.63 Billion | 22.97% | 2.05x | $74.81 Million |
| Urja Global Limited (URJA) | $32.01 Million | 0.00% | 0.00x | $41.92 Million |