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Vikram Solar Ltd

NSE:VIKRAMSOLRTechnologyNSE:NIFTY_MICROCAP250NSE:NIFTY_TOTAL_MKT

——At close · Market cap — · Next earnings Wed 2 Dec

INR billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Net income	—	(0.8)	0.2	1.1	2.2	6.5	+197.6%
Depreciation & amortization	0.4	0.5	0.6	1.4	1.6	1.6	+3.9%
Stock-based compensation	—	0.0	0.0	0.0	0.1	0.2	+155.0%
Change in working capital	(1.6)	1.4	0.0	(3.1)	(2.3)	(1.8)	+22.4%
Operating cash flow	(0.8)	2.0	2.0	1.5	3.0	6.3	+110.8%
Capital expenditure	(0.6)	(1.5)	(1.3)	(0.7)	(1.5)	(7.2)	−393.3%
Acquisitions	—	0.0	0.0	0.0	0.0	0.0	—
Investing cash flow	—	(1.5)	(1.1)	(0.6)	(1.7)	(17.5)	−935.3%
Dividends paid	0.0	0.0	0.0	0.0	0.0	0.0	—
Share buybacks	—	0.0	0.0	0.0	0.0	0.0	—
Debt issued / repaid	—	0.8	0.3	0.7	(5.8)	(1.3)	+77.4%
Financing cash flow	—	(0.4)	(1.0)	(0.8)	(1.0)	11.1	+1218.0%
Free cash flow	(1.3)	0.6	0.6	0.8	1.5	(0.9)	−160.8%
Net change in cash	—	0.1	(0.2)	0.1	0.3	(0.0)	−111.2%