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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comVikram Solar Ltd is one of India’s prominent solar energy companies, engaged in the manufacturing of high-efficiency photovoltaic (PV) modules and providing EPC solutions. With India accelerating its renewable energy transition and the government strongly backing domestic solar manufacturing, Vikram Solar stands at a strategic position in the clean energy value chain.
In this article, we present a detailed and SEO-friendly analysis of Vikram Solar Ltd share price targets from 2026 to 2030, based on current stock data, industry outlook, business fundamentals, and long-term growth drivers.
| Detail | Value |
|---|---|
| Open | ₹229.00 |
| Previous Close | ₹226.62 |
| Day’s High | ₹231.80 |
| Day’s Low | ₹226.25 |
| VWAP | ₹229.52 |
| 52-Week High | ₹407.95 |
| 52-Week Low | ₹221.58 |
| All-Time High | ₹407.95 |
| All-Time Low | ₹221.58 |
| Market Capitalization | ₹8,321 Cr |
| Volume | 3,31,405 |
| Value (Lacs) | 761.14 |
| Face Value | ₹10 |
| Book Value Per Share | ₹81.42 |
| Beta | 1.14 |
Vikram Solar Ltd is a key player in India’s renewable energy ecosystem, specializing in:
Solar PV module manufacturing
Utility-scale and rooftop solar solutions
EPC services and operations & maintenance
The company supplies solar modules to both domestic and international markets, benefiting from India’s Production Linked Incentive (PLI) scheme and rising demand for locally manufactured solar components.
Strong positioning in India’s solar manufacturing segment
Beneficiary of government support for renewable energy and “Make in India”
Growing domestic and export demand for solar modules
Focus on high-efficiency and advanced PV technologies
Promoter-led company with stable ownership
The solar sector is expected to witness sustained growth between 2026 and 2030 due to:
India’s target of achieving 500 GW of non-fossil fuel capacity
Rising utility-scale and rooftop solar installations
Shift away from fossil fuels toward clean energy
Policy incentives supporting domestic manufacturing
These trends create a favorable long-term environment for companies like Vikram Solar.
| Investor Type | Holding (%) |
|---|---|
| Promoters | 63.12% |
| Retail & Others | 28.59% |
| Mutual Funds | 4.16% |
| Foreign Institutions | 2.09% |
| Other Domestic Institutions | 2.04% |
High promoter holding reflects confidence in the company’s long-term strategy, while gradual institutional participation may support future re-rating.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 300 | 360 |
| 2027 | 380 | 460 |
| 2028 | 480 | 580 |
| 2029 | 600 | 720 |
| 2030 | 750 | 900 |
These targets consider capacity expansion, improving margins, and long-term growth in renewable energy adoption.
By 2026, higher capacity utilization and domestic demand could support earnings growth.
Growth Drivers
Expansion in solar installations across India
Government-backed manufacturing incentives
Improved order visibility
Investment View: Suitable for medium-term renewable energy investors.
Operational scale and technology upgrades may enhance profitability.
Growth Drivers
Export opportunities for solar modules
Cost efficiencies through scale
Strong order pipeline
Investment View: Positive outlook with improving fundamentals.
By 2028, Vikram Solar could strengthen its position among India’s top solar manufacturers.
Growth Drivers
Adoption of next-generation PV technologies
Long-term power purchase agreements (PPAs)
Stable revenue growth
Investment View: Attractive for long-term green energy portfolios.
Consistent sector growth and execution could drive sustained upside.
Growth Drivers
Large-scale renewable projects
Rising domestic energy demand
Improved return ratios
Investment View: Momentum-driven growth phase.
By 2030, Vikram Solar may emerge as a major contributor to India’s clean energy infrastructure.
Growth Drivers
Long-term renewable capacity expansion
Strong domestic manufacturing ecosystem
Policy stability and energy transition
Investment View: Strong long-term wealth creation potential.
Vikram Solar Ltd offers exposure to the rapidly growing renewable energy and solar manufacturing sector. While the stock may remain volatile in the short term due to policy and commodity price fluctuations, the long-term outlook remains favorable.
Structural shift toward clean energy
Government support for solar manufacturing
Strong promoter holding
Rising domestic and export demand
Fluctuations in solar module prices
Policy or subsidy changes
Competition from global manufacturers
Vikram Solar Ltd stands to benefit significantly from India’s renewable energy ambitions and the global transition toward clean power. With capacity expansion, supportive policies, and increasing demand, the company has solid long-term growth potential.
Based on current assumptions, Vikram Solar Ltd share price could range between ₹750 and ₹900 by 2030, provided execution remains strong and sector tailwinds continue.
1. What is the current share price of Vikram Solar Ltd?
It trades near the levels mentioned in the latest market data and fluctuates daily.
2. What is Vikram Solar’s share price target for 2026?
The estimated range for 2026 is ₹300 to ₹360.
3. Is Vikram Solar Ltd a good long-term investment?
Yes, for investors seeking exposure to renewable energy and solar manufacturing with long-term growth potential.
4. What is the share price target for 2030?
The projected target range for 2030 is ₹750 to ₹900.
5. What factors influence Vikram Solar’s share price the most?
Solar sector growth, government policies, capacity expansion, execution efficiency, and overall market sentiment.
Disclaimer: This article is for educational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.
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