Vikram Solar Balance Sheet
- Market cap
- ₹5,399 crore
- P/E
- 15.1
- P/B
- 1.70
- ROE
- 21.3%
- Dividend yield
- 1.20%
As of Mar 2022, Vikram Solar had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 51.47% from Mar 2023.
Vikram Solar balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 259 | 259 | 317 | 362 |
| Reserves | 8,500 | 113 | 192 | 332 | 803 |
| Borrowings | 1,200 | 792 | 854 | 272 | 645 |
| Other liabilities | 3,500 | 1,319 | 1,286 | 1,318 | 1,916 |
| Total liabilities | 13,700 | 2,476 | 2,586 | 2,832 | 5,728 |
| Fixed assets | 6,500 | 656 | 544 | 609 | 1,717 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 495 | 517 | 566 | 1,146 |
| Other assets | 4,300 | 743 | 776 | 850 | 1,719 |
| Total assets | 13,700 | 2,476 | 2,586 | 2,832 | 5,728 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Vikram Solar balance sheet — frequently asked questions
What is the total debt of Vikram Solar?
Vikram Solar reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹792 crore as of Mar 2023.
What is Vikram Solar's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Vikram Solar's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Vikram Solar's total assets?
Vikram Solar's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.