Vikram Solar (NSE:VIKRAMSOLR) Interest Expense: ₹-1,283 Mil (TTM As of Mar. 2026)


NSE:VIKRAMSOLR Vikram Solar Ltd NSE:VIKRAMSOLR
18 GF Score
Price ₹183.69
! 3 Warning Signs
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What is Vikram Solar Interest Expense?

Vikram Solar NSE:VIKRAMSOLR +0.13% 18 Interest Expense is ₹-1,283 Mil as of Mar. 2026. GuruFocus rates NSE:VIKRAMSOLR with a GF Score™ of 18/100. The stock has 3 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vikram Solar's interest expense for the three months ended in Mar. 2026 was ₹ -566 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-1,283 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Vikram Solar's Operating Income for the three months ended in Mar. 2026 was ₹ 1,774 Mil. Vikram Solar's Interest Expense for the three months ended in Mar. 2026 was ₹ -566 Mil. Vikram Solar's Interest Coverage for the quarter that ended in Mar. 2026 was 3.14. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Vikram Solar  (NSE:VIKRAMSOLR) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Vikram Solar's Interest Expense for the three months ended in Mar. 2026 was ₹-566 Mil. Its Operating Income for the three months ended in Mar. 2026 was ₹1,774 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was ₹4,512 Mil.

Vikram Solar's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1774.05/-565.53
=3.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's financial strength is.

Vikram Solar Interest Expense Historical Data

* Premium members only.

The historical data trend for Vikram Solar's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vikram Solar Interest Expense Chart

Vikram Solar Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Interest Expense
-829.93 -990.37 -1,257.53 -1,547.20 -1,605.60

Vikram Solar Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Interest Expense Get a 7-Day Free Trial Premium Member Only -278.10 -481.62 -315.82 -401.65 -565.53
NSE:VIKRAMSOLR
18GF Score
Vikram Solar Ltd NSE:VIKRAMSOLR
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Vikram Solar Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1,283 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of ₹-1,283 Mil mean?
Vikram Solar (NSE:VIKRAMSOLR) has a Interest Expense of ₹-1,283 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on Vikram Solar and its competitors.
Is Vikram Solar's Interest Expense too high?
Vikram Solar's current Interest Expense is ₹-1,283 Mil. Overall, Vikram Solar has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Vikram Solar's Interest Expense compare to FSLR and NXT?
Vikram Solar's Interest Expense of ₹-1,283 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Semiconductors company?
A good Interest Expense depends on the Semiconductors industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Vikram Solar and its competitors. Vikram Solar's current Interest Expense is ₹-1,283 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vikram Solar stock overvalued right now?
Vikram Solar (NSE:VIKRAMSOLR) has a current Interest Expense of ₹-1,283 Mil. The current Interest Expense is ₹-1,283 Mil. Vikram Solar's overall GF Score™ is 18/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Vikram Solar (NSE:VIKRAMSOLR), the current Interest Expense is ₹-1,283 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vikram Solar Business Description

Other Exchanges 544488:India
Address Rajdanga Main Road, The Chambers, 8th Floor, 1865, E.K.T, Kolkata, WB, IND, 700107
Vikram Solar Ltd is one of the India's solar photo-voltaic (PV) modules manufacturers. It is currently undertaking greenfield and brownfield expansion plans, which are expected to increase its installed solar PV module manufacturing capacity to up to 15.50 GW and up to 20.50 GW. Its portfolio of solar energy products consists of the following high-efficiency solar PV modules: (i) p-type monocrystalline silicon based Passivated Emitter and Rear Contact (PERC) modules; (ii) N-Type monocrystalline silicon (N-Type) modules; and (iii) n-type monocrystalline silicon based heterojunction technology (HJT) modules; all of these being either bifacial (glass-to-glass/ glass-to-transparent back sheet) or monofacial (glass-to-white/black back sheet) modules.
18GF Score

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