Vikram SolarNSE:VIKRAMSOLR +5.22%18 Return-on-Tangible-Equity is 14.03% as of Mar. 2026, which is 16% below its 10-year median of 16.74. GuruFocus rates NSE:VIKRAMSOLR with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 984 Semiconductors companies, Vikram Solar ranks better than 73.48% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Vikram Solar's annualized net income for the quarter that ended in Mar. 2026 was ₹4,417 Mil. Vikram Solar's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹31,488 Mil. Therefore, Vikram Solar's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.03%.
The historical rank and industry rank for Vikram Solar's Return-on-Tangible-Equity or its related term are showing as below:
NSE:VIKRAMSOLR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -18.79 Med: 16.74 Max: 21.48
Current: 13.81
During the past 5 years, Vikram Solar's highest Return-on-Tangible-Equity was 21.48%. The lowest was -18.79%. And the median was 16.74%.
NSE:VIKRAMSOLR's Return-on-Tangible-Equity is ranked better than 73.48% of 984
companies
in the Semiconductors industry
Industry Median: 5.24
vs NSE:VIKRAMSOLR: 13.81
Vikram Solar (NSE:VIKRAMSOLR) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Vikram Solar Return-on-Tangible-Equity Related Terms
Vikram Solar Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Vikram Solar's Return-on-Tangible-Equity 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.
NSE:VIKRAMSOLR vs FSLR, NXT, ENPH: Return-on-Tangible-Equity Comparison
For the Solar subindustry, Vikram Solar's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Vikram Solar Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Vikram Solar's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Vikram Solar's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 14.03% mean?
Vikram Solar (NSE:VIKRAMSOLR) has a Return-on-Tangible-Equity of 14.03% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Vikram Solar and its competitors. This is 16% below median its historical median of 16.74. According to the industry distribution chart, Vikram Solar ranks #261 out of 984 companies in the Semiconductors industry, placing it in the top 26.5%.
Is Vikram Solar's Return-on-Tangible-Equity too high?
Vikram Solar's current Return-on-Tangible-Equity of 14.03% is 16% below median its 10-year median of 16.74. The Semiconductors industry median Return-on-Tangible-Equity is 5.24. Vikram Solar's value of 14.03% is 167.7% above this industry median. Based on the distribution chart, Vikram Solar ranks #261 out of 984 companies in the Semiconductors industry, which is above the industry midpoint. 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 Return-on-Tangible-Equity compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Vikram Solar ranks #261 out of 984 companies for Return-on-Tangible-Equity. This puts Vikram Solar in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.24. Vikram Solar's value of 14.03% is 167.7% above this benchmark. While the company's 10-year median is 16.74 vs. the industry median of 5.24, Vikram Solar has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.24, based on 984 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vikram Solar's current Return-on-Tangible-Equity of 14.03% is 167.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Vikram Solar and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vikram Solar's current Return-on-Tangible-Equity is 14.03%, which is 16% below median its own 10-year median of 16.74. 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 Return-on-Tangible-Equity of 14.03%. The current Return-on-Tangible-Equity is 14.03%, which is 16% below median its 10-year median of 16.74 and 167.7% above the Semiconductors industry median of 5.24. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Vikram Solar (NSE:VIKRAMSOLR), the current Return-on-Tangible-Equity is 14.03% 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 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.
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