Vikram Solar Share Price Target 2025, 2026, 2030, 2040, 2050
Vikram Solar is a leading Indian company that provides solar energy services and equipment. They make high-quality solar panels and also handle everything needed to build solar power systems, from designing and planning to buying materials, building, and setting up the systems. The company works in 39 countries across six continents. It can produce a large number of solar panels, including advanced types like N-Type and HJT bifacial panels, which can produce more power. It is well respected in the industry and has been rated as a top solar panel maker by BloombergNEF for the quality and reliability of its products.
- 1 What is Vikram Solar Ltd NSE: VIKRAMSOLR?
- 2 Vikram Solar Share Price
- 3 Vikram Solar Share Price Target 2025
- 4 Vikram Solar share price Target 2026
- 5 Share price Target 2027
- 6 Share price Target 2028
- 7 Share price Target 2029
- 8 Vikram Solar share price Target 2030
- 9 Share price Target 2040
- 10 Share Price Target 2050
- 11 Should I buy Vikram Solar stock?
- 12 Vikram Solar earnings results (Financials)
- 13 Is Vikram Solar stock good to buy? (bull case & bear case)
- 14 Conclusion
- 15 FAQs
What is Vikram Solar Ltd NSE: VIKRAMSOLR?
Vikram Solar is a solar energy company established in 2005, situated in Kolkata. It manufactures solar panels that convert sunlight into electricity, including some of the latest and most efficient types, such as mono PERC and bifacial panels. The company can produce up to 4.5 gigawatts of panels every year and works in more than 30 countries. It also helps build solar power systems and takes care of them after installation. It is known for its new and advanced technology, like its SURYAVA panel that can convert over 23% of sunlight into power. The company has won many awards and is rated as one of the best solar panel makers in the world.
It can produce up to 4.50 GW of solar PV modules at its two factories, one in Falta, Kolkata and the other in Oragadam, Chennai. The company has a research and development team that works on making new and better solar products, such as M10R, G12R, and HJT modules. Its R&D lab in Falta is approved by the National Accreditation Board for Testing and Calibration Laboratories, making Vikram Solar the first solar company in eastern India to get this approval. The company also uses strict testing methods, including checks with artificial intelligence, to make sure its products are high-quality and reliable. In 2025, its share price target would be ₹754, as per our analysis.
By our prediction, its share price would be between ₹256 to ₹754 in 2025.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2025 | 256 | 754 |
Month | Minimum Price (Rs) | Maximum Price (Rs) |
August | 280 | 400 |
September | 267 | 488 |
October | 256 | 500 |
November | 290 | 589 |
December | 387 | 754 |
It is good at making solar PV modules and uses modern machines and technology from countries like Japan, Germany, the United States, and Switzerland. Its factories use automatic systems and smart software to check and control the quality while making the products. The company’s newest solar panels are powerful and work efficiently, meeting global standards for similar solar technology. In 2026, its share price target would be ₹1124, as per our prediction.
Its share price would be between ₹688 to ₹1124 in 2026, as per our analysis.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2026 | 688 | 1124 |
Month | Minimum Price (Rs) | Maximum Price (Rs) |
January | 688 | 771 |
February | 700 | 798 |
March | 714 | 825 |
April | 732 | 850 |
May | 745 | 868 |
June | 765 | 890 |
July | 800 | 925 |
August | 811 | 958 |
September | 857 | 990 |
October | 886 | 1035 |
November | 957 | 1058 |
December | 1025 | 1124 |
It is well-known across India. It is known by many trusted distributors and dealers in different states and Union Territories. Its factories are close to ports, which helps in faster and smoother delivery of products. The company has also sold its solar panels to many countries, like the US, the UK, and the UAE. People trust its brand because it offers good-quality products and focuses on customer needs. It has also been regularly named as a top solar panel maker by Bloomberg NEF. In 2027, its share price target would be ₹1524, as per our analysis.
By our prediction, its share price would be between ₹1075 to ₹1524 in 2027.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2027 | 1075 | 1524 |
Its factories have quality certificates that prove they take care of the environment, keep their workers safe and healthy, and make good-quality products. These certificates help the company meet world standards and gain customers’ trust. The Falta factory also has special certificates for treating people fairly and protecting important information. Over time, it has been earning more money and making bigger profits, which shows the company is doing well and growing. They are selling more products and running their business in a good and reliable way. In 2028, its share price target would be ₹1941, as per our prediction.
Its share price would be between ₹1445 to ₹1941 in 2028, as per our analysis.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2028 | 1445 | 1941 |
It focuses on making reliable and efficient solar panels. It began with a small factory but has grown a lot since then. The company’s factories are in good places near ports and main roads in Falta, Kolkata, and Oragadam, Chennai, which helps them sell solar panels in India and to other countries. Since more people want their solar panels, it is expanding its factories and plans to make many more solar panels in the coming years. In 2029, its share price target would be ₹2558, as per our analysis.
By our prediction, its share price would be between ₹1887 to ₹2558 in 2029.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2029 | 1887 | 2558 |
The company is growing by building a big factory in Tamil Nadu to make important parts of solar panels itself. It is also starting a new project there to make batteries that store energy, with plans to make more in the future. This helps the company grow in both making solar power and storing it, which can help them earn more money. It is good at using special machines to make solar panels work better and more efficiently. Because of this, the company has earned a strong reputation and is known worldwide for making solar panels that are reliable and last long, winning top awards in many tests. In 2030, its share price target would be ₹3058, as per our prediction.
Its share price would be between ₹2482 to ₹3058 in 2030, as per our analysis.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2030 | 2482 | 3058 |
Month | Minimum Price (Rs) | Maximum Price (Rs) |
January | 2482 | 2578 |
February | 2500 | 2590 |
March | 2521 | 2618 |
April | 2535 | 2665 |
May | 2530 | 2687 |
June | 2554 | 2699 |
July | 2574 | 2721 |
August | 2590 | 2735 |
September | 2612 | 2754 |
October | 2631 | 2811 |
November | 2658 | 2890 |
December | 2854 | 3058 |
It does more than just make solar panels. It helped build the solar power system for the world’s first airport that runs completely on solar energy in Kochi, Kerala, showing it can handle big and new projects. The company was also one of the first in India to create a floating solar power plant, showing it tries new ways to make clean energy. In the future, Vikram Solar is getting ready to use new and better solar panel designs like HJT, N-Type, and back contact, which can make solar panels work better and produce more energy. To do this, the company is improving its factories so they can make these new types of solar panels and still make other popular models like PERC and HJT. In 2040, its share price target would be ₹7457, as per our analysis.
By our prediction, its share price would be between ₹6951 to ₹7457 in 2040.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2040 | 6951 | 7457 |
Month | Minimum Price (Rs) | Maximum Price (Rs) |
January | 6951 | 7084 |
February | 6978 | 7112 |
March | 6990 | 7132 |
April | 7015 | 7157 |
May | 7025 | 7169 |
June | 7042 | 7190 |
July | 7065 | 7225 |
August | 7084 | 7280 |
September | 7112 | 7305 |
October | 7151 | 7325 |
November | 7190 | 7384 |
December | 7284 | 7457 |
The company has been making more money over the past few years, and its profits have grown a lot after a while. Even though its earnings per share have been a bit negative on average, the company has done a good job using the money from its owners to earn good returns. Its profit rates and how well it uses its money have also improved, which shows it is managing costs and resources better. The company hasn’t given out any dividends yet, but it has a plan to do that depending on how well it does and its future goals. Overall, it is growing steadily and making more profit. In 2050, its share price target would be ₹17510, as per our prediction.
Its share price would be between ₹13541 to ₹17510 in 2050, as per our analysis.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2050 | 13541 | 17510 |
Month | Minimum Price (Rs) | Maximum Price (Rs) |
January | 13541 | 13785 |
February | 13651 | 13958 |
March | 13758 | 14163 |
April | 13895 | 14356 |
May | 13990 | 14512 |
June | 14254 | 14784 |
July | 14425 | 14957 |
August | 14641 | 15541 |
September | 14884 | 15847 |
October | 15547 | 16657 |
November | 16254 | 17124 |
December | 16841 | 17510 |
Should I buy Vikram Solar stock?
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2025 | 256 | 754 |
2026 | 688 | 1124 |
2027 | 1075 | 1524 |
2028 | 1445 | 1941 |
2029 | 1887 | 2558 |
2030 | 2482 | 3058 |
2040 | 6951 | 7457 |
2050 | 13541 | 17510 |
It is growing fast and doing well in the solar energy business, so it could be good for investors. They make a lot of solar panels and are planning to build a big factory in the U.S. They are also starting to make batteries to store solar energy. Their products are known for good quality and have won awards. The company is making more money and getting better at making profits. The company is strong and has good plans for the future; it seems like a good choice for people who want to invest for the long term.
Vikram Solar earnings results (Financials)
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
Sales + | 1,640 | 1,610 | 1,730 | 2,073 | 2,511 |
Expenses + | 1,500 | 1,433 | 1,672 | 1,886 | 2,112 |
Operating Profit | 140 | 177 | 59 | 187 | 399 |
OPM % | 9% | 11% | 3% | 9% | 16% |
Other Income + | 22 | 17 | 13 | 18 | 1 |
Interest | 95 | 99 | 103 | 122 | 155 |
Depreciation | 37 | 39 | 48 | 64 | 138 |
Profit before tax | 30 | 56 | -79 | 19 | 107 |
Tax % | 26% | 32% | -21% | 23% | 26% |
Net Profit + | 22 | 38 | -63 | 14 | 80 |
EPS in Rs | 8.06 | 16.23 | -2.43 | 0.56 | 3.08 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Is Vikram Solar stock good to buy? (bull case & bear case)

Bull Case:
- The company made about ₹2,510 crore in sales last year, which is 21% more than the year before.
- Its profit after tax grew to ₹79 crore, up from just ₹13 crore the previous year.
- Over 60% of its sales come from exports, showing strong demand from other countries.
- It has increased its manufacturing capacity to 4.5 GW and plans to grow to 6.3 GW soon.
- It is investing in new technology to make more efficient solar panels.
- The company is thinking about investing $1.5 billion to build a factory in the U.S. to reach that market.
- It is recognised as a top solar panel maker globally, earning important quality awards.
Bear Case:
- The company has quite a bit of debt, with a debt-to-equity ratio of around 1.73, which can be risky.
- Recently, it took a short-term loan of ₹93 crore, which may show some money flow issues.
- The solar market is very competitive, which could reduce profits and market share.
- The company depends on government support, which might change and affect business.
Conclusion
It is a well-known company that makes good solar panels and helps build solar power systems in many countries. Its factories are strong, and it is growing by starting new projects like making batteries and better solar panels. The company’s sales and profits have been going up steadily, and it is known for making reliable products. As it faces some challenges like tough competition, some debt, and depending on government help, its plans to grow and use new technology make it a good choice for investors. Overall, it looks like a smart option for people who want to invest in clean energy for the future.