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VIKRAM SOLAR LIMITED

Active
Updated: 23 Oct 2024

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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Industry

Manufacture of wearing apparel, dressing and dyeing of fur
Products
  • 72 Poly Cells, 60 Poly Cells, 72 Mono Cells, 60 Mono Cells
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
21.65%
₹ 2,440.8
EBITDA
115.45%
₹ 391.8
Net Profit
426.16%
₹ 66.8
Networth
18.8%
₹ 460.3
Borrowings
9.56%
₹ 808.3
Assets
6.23%
₹ 2,597.9
Gross Margin
11.27
33.1 %
Operating Margin
6.99
16.1 %
Net Profit Margin
2.09
2.7 %
Return on Equity
11.23
14.5 %
ROCE
12.91
23.6 %
Debt to Equity
-0.14
1.8
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (33)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • HIGH LEVERAGE
  • LOW CASH BALANCE
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Peers / Similar Companies

Waaree Energies Limited Maharashtra
Rithwik Projects Private Limited Telangana
Sudhir Power Limited Delhi

Peers

Financial Highlights

** All numbers in INR crores
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
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
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
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
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
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Revenue from operations

Ratios

Standalone
Consolidated
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
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Indian Bank

No. of Loans: 3

Total Amount : 4,581.9 cr

2

Canara Bank

No. of Loans: 1

Total Amount : 95.0 cr

3

United Bank of India

No. of Loans: 1

Total Amount : 35.0 cr

4

Siemens Financial Services Private Limited

No. of Loans: 1

Total Amount : 26.5 cr

5

ICICI Bank Limited

No. of Loans: 1

Total Amount : 6.6 cr

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Charges

Indian Bank
Canara Bank
United Bank of India
Siemens Financial Services Private Limited
Others

People

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

Company Network

Companies connected through Directors

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

Subsidiary Companies

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 - -

Registered Details

CIN

U18100WB2005PLC106448

PAN

AABCI5168D

Incorporation

2005, 19.4 years

Company Email

secretarial@vikramsolar.com

Paid up Capital

₹ 316.5 Cr

Authorised Capital

₹ 400.0 Cr

AGM

Sep 2024

Type

Public
Non-government Company

FAQ - VIKRAM SOLAR LIMITED

What is the incorporation date of VIKRAM SOLAR LIMITED?

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The incorporation date of VIKRAM SOLAR LIMITED is 02 December, 2005

What is the authorized share capital of VIKRAM SOLAR LIMITED?

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The authorized share capital of VIKRAM SOLAR LIMITED is INR ₹ 400.0 Cr.

What is the paid-up capital of VIKRAM SOLAR LIMITED?

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The paid-up capital of VIKRAM SOLAR LIMITED is INR ₹ 316.5 Cr.

What is the registered address of VIKRAM SOLAR LIMITED?

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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

What is the CIN number of VIKRAM SOLAR LIMITED?

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The CIN number of VIKRAM SOLAR LIMITED is U18100WB2005PLC106448.

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