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Vikram Solar
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Vikram Solar Ltd. was originally incorporated as 'International Leather Clothiers Private Limited' at Kolkata, West Bengal on December 2, 2005. Further, Company name changed to International Clothiers Private Limited' dated May 10, 2006. The name further changed from International Clothiers Private Limited' to Vikram Solar Private Limited' pursuant to which a fresh Certificate of Incorporation was issued by RoC dated September 3, 2008. Subsequently, Company converted to Public Company and consequently, its name was changed to Vikram Solar Limited' and a fresh Certificate of Incorporation dated August 22, 2017 pursuant to conversion was issued by RoC.
The Company is one of India's largest module manufacturers, in terms of operational capacity, producing Solar Photo-Voltaic (PV) Modules and an integrated solar energy solutions provider offering Engineering, Procurement and Construction (EPC) services, and Operations and Maintenance (O&M) services. It is engaged in manufacturing and sale of Solar photovoltaic modules / systems. Their manufacturing plants are located at Falta Special Economic Zone (SEZ), in West Bengal. The products and services cater to multiple business divisions, such as domestic solar PV module sales; EPC and O&M services which serve as value added services to business in manufacturing solar PV modules; and exports.
The Solar PV systems are currently manufactured using both polycrystalline and monocrystalline cell technology. The portfolio in solar energy products consists of solar modules like: (i) polycrystalline modules; and (ii) monocrystalline passivated emitter and rear cell (Mono PERC) modules, which includes bifacial (glass-to-glass and glass-to-back sheet modules). These products are differentiated on the basis of solar technology and type as well as cell size. In particular, PV modules have wattages between 330Wp and 660Wp, a prototype which is a measure of the amount of sunlight (irradiation) that falls on the surface of a solar panel and converted into electricity ranging between 17.01% and 21.47%.
In 2009, the Company started their manufacturing operations with an annual rated production capacity of 12 MW. It supplied, installed and commissioned their first Phase of 500 KW Solar Power Plant at Kottenheim, Germany. The 3 MW grid connected solar power plant was installed under the National Solar Mission of India during the year 2011-12.
In 2014, it commissioned a floating solar PV plant of 10kW in India. Its production capacity reached 500 MW in 2015. The Company transferred its entire shareholding of Vikram Power Ventures Private limited to Vikram Capital Management Limited (post-merger known as Vikram Capital Management Private Limited) and Shri. Hari Krishna Chaudhary (as a nominee of Vikram Capital Management Private Limited).
In 2017, the production capacity reached to 1,000 MW. In 2019, the Company commissioned 200 MW solar plant in Andhra Pradesh for a State Power Generation Company. It installed Eastern India's largest single shed solar rooftop project, with capacity of 2.15 MW.
In 2020, the entire shareholding of VSL Ventures Private Limited was transferred to Vikram Capital Management Private Limited and Shri. Gyanesh Chaudhary (as a nominee of Vikram Capital Management Private Limited) by the Company.
In 2021, the Company transferred its entire shareholding of Vikram Solar RE Power Private limited to VSL Ventures Private Limited and entire shareholding of Viki.ai Private limited to VSL Ventures Private Limited and nominee of the Company, Smt. Urmila Chaudhary. The cumulative annual rated production capacity reached 2500 MW, which is not as yet available commercially across their factories located at Falta SEZ, Kolkata, West Bengal and at Oragadam in Tamil Nadu. Both of these factories are located strategically with access to ports, rail and roads helping facilitate both domestic as well as international operations.
The Company has commenced plans on upgrading the existing manufacturing plant in Falta from its present capacity of 1.2 GW to 3 GW within Fiscal 2023. In addition, it installed solar power plants for six airports in India, including the Cochin International Airport Limited, which is the world's first fully solarized airport. It set up a geographically diversified presence in India through an extensive network of 42 distributors.
The Company is planning to raise capital from Public by raising Rs. 1500 Equity Shares through Fresh Issue and 5,000,000 Equity Shares through Offer for Sale.
Vikram Solar share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Vikram Solar indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Vikram Solar is valued compared to its competitors.
Vikram Solar PE ratio helps investors understand what is the market value of each stock compared to Vikram Solar 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Vikram Solar evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Vikram Solar generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Vikram Solar in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Vikram Solar shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Vikram Solar compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Vikram Solar over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Vikram Solar helps investors get an insight into when they can enter or exit the stock. Key components of Vikram Solar Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Vikram Solar shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Vikram Solar ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Vikram Solar provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Vikram Solar highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Vikram Solar .
The balance sheet presents a snapshot of Vikram Solar ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.