Is Vikram Solar the Best Stock in Its Sector? A Look at the Numbers

Vikram Solar CMP Rs 144 (09 Oct 2026). Market cap Rs 5,198 Cr. ROE 14.85%. P/E 14.56x versus Industry P/E 47.09x.

Is Vikram Solar the best stock in its sector? The stock trades on the NSE at Rs 144 as of 09 October 2026, within its 52-week range of Rs 143.00 to Rs 354.40. Vikram Solar Ltd, incorporated in 2005, makes solar PV modules and offers EPC and operations and maintenance services.

Vikram Solar sits in the Power sector, and its 14.85% ROE and 14.56x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.

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About Vikram Solar

Vikram Solar Ltd, incorporated in 2005, makes solar PV modules and offers EPC and operations and maintenance services. It has a 130 MW cell supply agreement with Evervolt running from July 2026 to March 2027. The company does not currently pay a dividend. The stock trades about 60 percent below its 52-week high and within 1 percent of its 52-week low. At a market capitalisation of Rs 5,198 Cr, it is tracked as part of the Power sector on Univest.

Is Vikram Solar the Best Stock in Its Sector?

Vikram Solar makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 14.85% ROE with a 14.56x P/E against the sector’s 47.09x Industry P/E. Vikram Solar’s 14.56x P/E is less than a third of the 47.09x Industry P/E with a 14.85% ROE and a debt to equity of 0.20, but the stock sits at its 52-week low and about 60 percent below its high, showing heavy pessimism around the sector.

Metric	Vikram Solar
CMP (NSE)	Rs 143.51
52-Week High / Low	Rs 354.40 / Rs 143.00
Market Cap	Rs 5,198 Cr
P/E (TTM) vs Industry P/E	14.56x vs 47.09x
P/B	1.64
ROE	14.85%
EPS (TTM)	Rs 9.85
Dividend Yield	0.00%
Debt to Equity	0.20

Compare Vikram Solar Against Other Power Sector Stocks

How Vikram Solar Compares Against Its Power Sector Peers

The table below sets Vikram Solar against 2 other Power sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Vikram Solar	5,198	14.56	14.85%	0.20
Waaree Energies	66,749	16.67	25.71%	0.22
Premier Energies	40,220	24.03	35.05%	0.86
Peer average (2 companies)	–	20.35	30.38%	0.54

Against this peer set, Vikram Solar’s 14.85% ROE is below the 30.38% peer average, and its P/E of 14.56x runs below the peer average of 20.35x. Vikram Solar’s 14.56x P/E is less than a third of the 47.09x Industry P/E with a 14.85% ROE and a debt to equity of 0.20, but the stock sits at its 52-week low and about 60 percent below its high, showing heavy pessimism around the sector.

What Makes Vikram Solar Worth Watching in Power

• Large valuation gap: A 14.56x P/E against a 47.09x Industry P/E is a very wide discount to the sector benchmark.
• Solid ROE, low debt: A 14.85% ROE with a debt to equity of 0.20 supports the numbers.
• At the low: The stock is at its 52-week low, so the market is clearly marking the sector down.

Vikram Solar Valuation: Is It Justified?

Vikram Solar’s 14.56x P/E is less than a third of the 47.09x Industry P/E with a 14.85% ROE and a debt to equity of 0.20, but the stock sits at its 52-week low and about 60 percent below its high, showing heavy pessimism around the sector. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is Total Transport Systems the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track Vikram Solar and other Power sector stocks.

How to Track Vikram Solar Before You Invest

Before deciding whether Vikram Solar deserves its label as the best stock in its sector for your own portfolio, compare it directly against Power sector peers using the steps below.

1. Open the Univest Screener and search for Vikram Solar to view live price, valuation ratios, and peer comparisons within the Power sector.
2. Compare its P/E, P/B, and ROE against other Power sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Vikram Solar earns a place in the best stock in its sector conversation on the strength of a 14.85% ROE and a P/E of 14.56x against a 47.09x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Is Vikram Solar the best stock in its sector?

Ans. Vikram Solar has a 14.85% ROE and trades at 14.56x P/E against a 47.09x Industry P/E, and compares below the peer average ROE of 30.38% in this article’s named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Vikram Solar?

Ans. Vikram Solar was trading at Rs 143.51 on the NSE as of 09 October 2026, within its 52-week range of Rs 143.00 to Rs 354.40.

What sector does Vikram Solar belong to?

Ans. Vikram Solar is classified under the Power sector on Univest.

How does Vikram Solar compare to its sector peers on P/E?

Ans. Vikram Solar’s P/E of 14.56x is below the 20.35x average of the 2 named peers compared in this article.

What is Vikram Solar’s return on equity?

Ans. Vikram Solar reported a return on equity of 14.85%, which is below the 30.38% average of its named peers in this comparison.

Should I invest in Vikram Solar based on its sector position?

Ans. Vikram Solar’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.

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