Vikram Solar IPO Review & Recommendations

Vikram Solar IPO Peer Comparison

Vikram Solar Ltd. peer comparison with similar listed entities. (As on March 31, 2025)

Notes:

1. All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports/ financial statements and investor presentations for the year ended March 31, 2025 submitted to the Stock Exchanges.
2. P/E ratio has been computed based on the closing market price of equity shares on NSE on August 11, 2025 divided by the diluted EPS for the year ended March 31, 2025.
3. Net asset value per Equity Share (₹) = Net worth at the end of the year divided by the number of Equity Shares outstanding at the end of the year.
4. RoNW = Profit/ (loss) for the year divided by the net worth at the end of the year.
5. Net Worth means the aggregate value of the paid up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, but does not include reserves created out of revaluation of assets, write back of depreciation and amalgamation, in accordance with Regulation 2(1)(hh) of the SEBI ICDR Regulations.
6. Net worth for peer represents the total equity as mentioned in their annual reports for the relevant year submitted to the Stock Exchange.