Vikram SolarBOM:544488 -1.92%18 ROE % is 13.94% as of Mar. 2026, which is 16% below its 10-year median of 16.57. GuruFocus rates BOM:544488 with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,002 Semiconductors companies, Vikram Solar ranks better than 76.05% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Vikram Solar's annualized net income for the quarter that ended in Mar. 2026 was ₹4,417 Mil. Vikram Solar's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹31,678 Mil. Therefore, Vikram Solar's annualized ROE % for the quarter that ended in Mar. 2026 was 13.94%.
The historical rank and industry rank for Vikram Solar's ROE % or its related term are showing as below:
BOM:544488'
s ROE % Range Over the Past 10 Years
Min: -17.92 Med: 16.57 Max: 21.34
Current: 13.74
During the past 5 years, Vikram Solar's highest ROE % was 21.34%. The lowest was -17.92%. And the median was 16.57%.
BOM:544488's ROE % is ranked better than 76.05% of 1002
companies
in the Semiconductors industry
Industry Median: 4.55
vs BOM:544488: 13.74
Vikram Solar (BOM:544488) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Vikram Solar ROE % Related Terms
Vikram Solar ROE % Historical Data
* Premium members only.
The historical data trend for Vikram Solar's ROE % 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.
For the Solar subindustry, Vikram Solar's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Vikram Solar's ROE % distribution charts can be found below:
* The bar in red indicates where Vikram Solar's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Vikram Solar (BOM:544488) has a ROE % of 13.94% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Vikram Solar and its competitors. This is 16% below median its historical median of 16.57. According to the industry distribution chart, Vikram Solar ranks #240 out of 1002 companies in the Semiconductors industry, placing it in the top 24%.
Is Vikram Solar's ROE % too high?
Vikram Solar's current ROE % of 13.94% is 16% below median its 10-year median of 16.57. The Semiconductors industry median ROE % is 4.55. Vikram Solar's value of 13.94% is 206.4% above this industry median. Based on the distribution chart, Vikram Solar ranks #240 out of 1002 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. 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 ROE % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Vikram Solar ranks #240 out of 1002 companies for ROE %. This places Vikram Solar in the top 24% of its industry — outperforming the majority of peers. The industry median ROE % is 4.55. Vikram Solar's value of 13.94% is 206.4% above this benchmark. While the company's 10-year median is 16.57 vs. the industry median of 4.55, 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 ROE % for a Semiconductors company?
The median ROE % among Semiconductors companies is 4.55, based on 1,002 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vikram Solar's current ROE % of 13.94% is 206.4% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Vikram Solar and its competitors. For the Semiconductors industry, the median ROE % is 4.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vikram Solar's current ROE % is 13.94%, which is 16% below median its own 10-year median of 16.57. 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 (BOM:544488) has a current ROE % of 13.94%. The current ROE % is 13.94%, which is 16% below median its 10-year median of 16.57 and 206.4% above the Semiconductors industry median of 4.55. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Vikram Solar (BOM:544488), the current ROE % is 13.94% 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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