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The company provides PV module manufacturing and EPC solutions as well as offers installation and designing services for solar projects.
Vikram Solar Limited, is an unlisted public company incorporated on 02 December, 2005. It is classified as a public limited company and is located in Kolkata, West Bengal. It's authorized share capital is INR 400.00 cr and the total paid-up capital is INR 316.54 cr.
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** All rupee values in INR crores. Based on March 2024 numbers.
* GST not included
** Reports & MCA filings will be based on the latest available financials.
State | Type | Address |
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Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Sales | 1,519.6 | 1,576.6 | 1,700.5 | 2,006.5 | 2,440.8 |
Operating profit | 116.5 | 174.3 | 53.1 | 181.8 | 391.8 |
Net profit | 6.0 | 37.1 | -60.1 | 12.7 | 66.8 |
Gross margin | 21.8 | 23.5 | 19.1 | 21.8 | 33.1 |
Operating margin | 7.7 | 11.1 | 3.1 | 9.1 | 16.1 |
Net margin | 0.4 | 2.3 | -3.5 | 0.6 | 2.7 |
Networth | 377.8 | 424.4 | 366.8 | 387.5 | 460.3 |
Borrowings | 494.4 | 562.4 | 703.1 | 737.8 | 808.3 |
Assets | 1,578.4 | 1,721.4 | 2,222.6 | 2,445.5 | 2,597.9 |
Debt to equity | 1.3 | 1.3 | 1.9 | 1.9 | 1.8 |
Current ratio | 1.3 | 1.2 | 1.1 | 1.4 | 1.4 |
ROE | 1.6 | 8.8 | -16.4 | 3.3 | 14.5 |
Days payable | 150.0 | 151.0 | 198.0 | 103.0 | 144.0 |
WC days | 55.0 | 52.0 | 26.0 | 85.0 | 85.0 |
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Equity Capital | 27.9 | 23.5 | 258.8 | 258.8 | 258.8 |
Reserves | 349.9 | 400.8 | 108.0 | 128.7 | 201.5 |
Borrowings + | 494.4 | 562.4 | 703.1 | 737.8 | 808.3 |
Long term borrowings | 187.1 | 229.6 | 263.9 | 214.2 | 198.7 |
Short term borrowings | 307.3 | 332.8 | 439.2 | 523.6 | 609.6 |
Trade payables + | 488.9 | 499.2 | 747.1 | 442.7 | 642.6 |
Days payable | 150.0 | 151.0 | 198.0 | 103.0 | 144.0 |
Other liabilities + | 706.2 | 734.7 | 1,152.7 | 1,320.2 | 1,329.2 |
Other non-current liabilities | 122.4 | 115.1 | 134.8 | 595.1 | 527.9 |
Other current liabilities | 94.9 | 120.4 | 270.7 | 282.5 | 158.7 |
Total liabilities | 1,578.4 | 1,721.4 | 2,222.6 | 2,445.5 | 2,597.9 |
Fixed Assets + | 367.3 | 447.5 | 545.2 | 635.1 | 505.3 |
Tangible assets | 340.4 | 367.1 | 526.2 | 615.9 | 486.0 |
CWIP | 10.9 | 66.5 | 3.6 | 8.0 | 12.7 |
Intangible assets | 16.0 | 13.9 | 15.4 | 11.2 | 6.7 |
LT loans and advances | 2.2 | 2.8 | - | - | - |
Other non-current assets | 90.3 | 92.0 | 98.4 | 95.5 | 112.6 |
Current assets + | 1,118.6 | 1,179.1 | 1,579.1 | 1,714.9 | 1,980.0 |
Inventories | 225.5 | 191.8 | 259.6 | 339.1 | 388.4 |
Trade receivables | 516.7 | 634.2 | 899.1 | 958.8 | 1,181.2 |
Cash and cash equivalents | 29.5 | 3.1 | 16.8 | 1.0 | 8.4 |
ST loans and advances | 10.3 | 5.9 | 9.4 | 29.4 | 31.1 |
Other current assets | 336.5 | 344.1 | 394.2 | 386.5 | 370.8 |
Total assets | 1,578.4 | 1,721.4 | 2,222.6 | 2,445.5 | 2,597.9 |
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Sales + | 1,519.6 | 1,576.6 | 1,700.5 | 2,006.5 | 2,440.8 |
Sales growth % | -21.59 | 3.75 | 7.86 | 18.0 | 21.65 |
Expenses + | 1,534.6 | 1,540.5 | 1,798.1 | 2,012.0 | 2,344.2 |
Cost of goods | 1,188.8 | 1,205.6 | 1,376.4 | 1,569.2 | 1,633.9 |
Employee cost | 78.8 | 75.8 | 96.9 | 83.7 | 90.1 |
Other costs | 135.4 | 120.9 | 174.0 | 171.8 | 325.0 |
Operating profit + | 116.5 | 174.3 | 53.1 | 181.8 | 391.8 |
Operating margin % | 7.7 | 11.1 | 3.1 | 9.1 | 16.1 |
Other income | 24.6 | 17.7 | 12.8 | 20.1 | 15.3 |
Interest | 94.9 | 99.4 | 102.9 | 123.4 | 157.2 |
Depreciation | 36.7 | 38.8 | 47.9 | 63.9 | 138.0 |
Exceptional items | - | - | - | - | -11.6 |
Profit before tax | 9.5 | 53.8 | -84.9 | 14.6 | 100.2 |
Tax | 3.5 | 16.6 | -24.7 | 1.9 | 33.4 |
Profit - disc. ops | - | - | - | - | - |
Net profit | 6.0 | 37.1 | -60.1 | 12.7 | 66.8 |
Net margin % | 0.4 | 2.3 | -3.5 | 0.6 | 2.7 |
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Solvency + | |||||
Total Debt/Equity | 1.3 | 1.3 | 1.9 | 1.9 | 1.8 |
Net Debt/Equity | 1.2 | 1.3 | 1.9 | 1.9 | 1.7 |
Total Debt/Assets | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
Total Assets/Equity | 4.2 | 4.1 | 6.1 | 6.3 | 5.6 |
Liquidity + | |||||
Current Ratio | 1.3 | 1.2 | 1.1 | 1.4 | 1.4 |
Quick Ratio | 1.0 | 1.0 | 0.9 | 1.1 | 1.1 |
Interest Coverage | 1.2 | 1.8 | 0.5 | 1.5 | 2.5 |
Performance | |||||
Gross Margin | 21.8 | 23.5 | 19.1 | 21.8 | 33.1 |
Operating Margin | 7.7 | 11.1 | 3.1 | 9.1 | 16.1 |
Net Margin | 0.4 | 2.3 | -3.5 | 0.6 | 2.7 |
Return + | |||||
Return on Equity | 1.6 | 8.8 | -16.4 | 3.3 | 14.5 |
Pre-tax ROCE | 13.4 | 20.1 | 0.8 | 10.7 | 23.6 |
Return on Assets | 0.4 | 2.2 | -2.7 | 0.5 | 2.6 |
Pre-tax ROIC | 9.5 | 13.8 | 0.5 | 10.5 | 20.1 |
Efficiency + | |||||
Days Payable | 150.0 | 151.0 | 198.0 | 103.0 | 144.0 |
Days Inventory | 69.0 | 58.0 | 69.0 | 79.0 | 87.0 |
Days Receivable | 124.0 | 147.0 | 193.0 | 174.0 | 177.0 |
Fixed Asset Turnover | 4.1 | 3.5 | 3.1 | 3.2 | 4.8 |
Total Asset Turnover | 1.0 | 0.9 | 0.8 | 0.8 | 0.9 |
Working Capital | |||||
Cash Conversion Cycle | 43.0 | 54.0 | 64.0 | 150.0 | 120.0 |
Working Capital Days | 55.0 | 52.0 | 26.0 | 85.0 | 85.0 |
Indian Bank
No. of Loans: 3
Total Amount : 4,581.9 cr
Canara Bank
No. of Loans: 1
Total Amount : 95.0 cr
United Bank of India
No. of Loans: 1
Total Amount : 35.0 cr
Siemens Financial Services Private Limited
No. of Loans: 1
Total Amount : 26.5 cr
ICICI Bank Limited
No. of Loans: 1
Total Amount : 6.6 cr
Designation | Name | DIN/PAN | Tenure |
---|---|---|---|
Managing Director | Gyanesh Chaudhary
Shareholder
|
00060387 | 17 years |
Kmp | Sudipta Bhowal | <HIDDEN> | 2 years |
Director | Subramanya Krishnappa | 00730656 | 2 years |
Director | Sumit Binani | 01113411 | 1 years |
Whole-time Director | Krishna Kumar Maskara | 01677008 | 16 years |
Kmp | Narayan Lodha | <HIDDEN> | 1 years |
Whole-time Director | Neha Agrawal | 05321461 | 4 years |
Director | Ratnabali Kakkar | 09167547 | 3 years |
Kmp | Ivan Saha | <HIDDEN> | 3 years |
Name | Status | Paid up Capital | Common Directors | Address |
---|---|---|---|---|
VIKRAM CAPITAL MANAGEMENT LTD |
Active
|
54.6 L | 1 | West Bengal |
YASHVI ART FOUNDATION |
Active
|
5.0 L | 2 | West Bengal |
VIKRAM SOLAR FOUNDATION |
Active
|
5.0 L | 2 | West Bengal |
VIKRAM SOLAR PROJECTS PRIVATE LIMITED |
Amalgamated
|
3.0 Cr | 2 | West Bengal |
VIKRAM CAPITAL MANAGEMENT PRIVATE LIMITED |
Active
|
8.6 Cr | 1 | West Bengal |
VIKRAM SOLAR CLEANTECH PRIVATE LIMITED |
Active
|
5.0 L | 1 | West Bengal |
VSL GREEN POWER PRIVATE LIMITED |
Active
|
10.0 L | 3 | West Bengal |
VSL LOGISTICS SOLUTIONS PRIVATE LIMITED |
Active
|
10.0 L | 1 | West Bengal |
VSL VENTURES PRIVATE LIMITED |
Active
|
5.0 L | 1 | West Bengal |
CLUB BELVEDERE LLP |
Active
|
6.0 Cr | 1 | West Bengal |
TRACTION PARTNERS LLP |
Active
|
2.0 L | 1 | West Bengal |
SOFTLINK TRADERS PRIVATE LIMITED |
Amalgamated
|
3.7 L | 1 | West Bengal |
RAMPUR AGRI FRESH PRIVATE LIMITED |
Active
|
2.7 Cr | 1 | West Bengal |
VALUE WISE CONSULTANCY PRIVATE LIMITED |
Active
|
17.9 L | 1 | West Bengal |
SHYAMA REALTORS PRIVATE LIMITED |
Active
|
53.0 L | 1 | West Bengal |
MAGMA ITL FINANCE LIMITED |
Amalgamated
|
45.0 Cr | 1 | West Bengal |
MAMTA SUMIT BINANI FOUNDATION |
Active
|
1.0 L | 1 | West Bengal |
Consultepreneurs LLP |
Active
|
5.0 L | 1 | sh |
VALUE WISE REALTY LLP |
Active
|
1.0 L | 1 | Bengal |
RAJMAHAL COAL MINING LIMITED |
Active
|
20.0 Cr | 1 | West Bengal |
MANGALDHAM IMPEX PRIVATE LIMITED |
Converted to LLP and Dissolved
|
2.0 L | 1 | West Bengal |
MANGALDHAM IMPEX LLP |
Active
|
2.0 L | 1 | West Bengal |
BHUBANESWARI COAL MINING LIMITED |
Active
|
129.0 Cr | 1 | West Bengal |
CENTURY PLYBOARDS (INDIA) LTD. |
Active
|
22.2 Cr | 1 | West Bengal |
LUX INDUSTRIES LIMITED |
Active
|
6.0 Cr | 1 | West Bengal |
HALDIA CRACKER COMPLEX LIMITED |
Amalgamated
|
617.6 Cr | 1 | West Bengal |
Name | State / Country | Incorporation Year | Paidup Capital |
---|---|---|---|
Vikram Solar GmbH | Germany | - | - |
Vikram Solar US Inc. | United States | - | - |
Vikram Solar Pte. Ltd. | Singapore | - | - |
VIKRAM SOLAR CLEANTECH PRIVATE LIMITED | West Bengal | 2019 | ₹ 5.0 L |
VSL GREEN POWER PRIVATE LIMITED | West Bengal | 2019 | ₹ 10.0 L |
VIKRAM SOLAR FOUNDATION | West Bengal | 2017 | ₹ 5.0 L |
Solarcode Vikram Management GmbH | Germany | - | - |
Solarcode Vikram Solarkraftwerk 1 GmbH & Co. KG | Germany | - | - |
The incorporation date of VIKRAM SOLAR LIMITED is 02 December, 2005
The authorized share capital of VIKRAM SOLAR LIMITED is INR ₹ 400.0 Cr.
The paid-up capital of VIKRAM SOLAR LIMITED is INR ₹ 316.5 Cr.
The registered address of VIKRAM SOLAR LIMITED is BIOWONDER, Unit No. 1102, 11TH FLOOR, 789, ANANDAPUR MAIN RO AD EASTERN METROPOLITAN BYPASS E.K.T Kolkata Kolkata West Bengal - 700107
The CIN number of VIKRAM SOLAR LIMITED is U18100WB2005PLC106448.