Vikram Solar (NSE:VIKRAMSOLR) 5-Year ROIIC % : 0.00% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:VIKRAMSOLR Vikram Solar Ltd NSE:VIKRAMSOLR
17 GF Score
Price ₹192.22
! 2 Warning Signs
View Full Analysis

What is Vikram Solar 5-Year ROIIC %?

Vikram Solar NSE:VIKRAMSOLR -1.35% 17 5-Year ROIIC % is 0.00 as of Mar. 2026. GuruFocus rates NSE:VIKRAMSOLR with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 916 Semiconductors companies, Vikram Solar ranks worse than 109170.2% on this metric.

5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year. Vikram Solar does not have enough data to calculate 5-Year ROIIC %.


Vikram Solar  (NSE:VIKRAMSOLR) 5-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Vikram Solar 5-Year ROIIC % Related Terms


Vikram Solar 5-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Vikram Solar's 5-Year ROIIC % 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 5-Year ROIIC % Chart

Vikram Solar Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
5-Year ROIIC %
0.00 0.00 0.00 0.00 0.00

Vikram Solar Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
5-Year ROIIC % Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

NSE:VIKRAMSOLR vs FSLR, NXT, ENPH: 5-Year ROIIC % Comparison

For the Solar subindustry, Vikram Solar's 5-Year ROIIC %, along with its competitors' market caps and 5-Year ROIIC % 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 5-Year ROIIC % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Vikram Solar's 5-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Vikram Solar's 5-Year ROIIC % falls into.


NSE:VIKRAMSOLR
17GF Score
Vikram Solar Ltd NSE:VIKRAMSOLR
5-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vikram Solar 5-Year ROIIC % Calculation

Vikram Solar's 5-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:

5-Year ROIIC %=5-Year Incremental Net Operating Profit After Taxes (NOPAT)**/5-Year Incremental Invested Capital**
=( 5779.194388 (Mar. 2026) - (Mar. 2021) )/( 40294.76 (Mar. 2026) - (Mar. 2021) )
=/
=N/A%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 5-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 5-Year ROIIC % →
What does a 5-Year ROIIC % of 0.00 mean?
Vikram Solar (NSE:VIKRAMSOLR) has a 5-Year ROIIC % of 0.00 as of Mar. 2026. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Vikram Solar and its competitors. According to the industry distribution chart, Vikram Solar ranks #999999 out of 916 companies in the Semiconductors industry.
Is Vikram Solar's 5-Year ROIIC % too high?
Vikram Solar's current 5-Year ROIIC % is 0.00. Based on the distribution chart, Vikram Solar ranks #999999 out of 916 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Vikram Solar has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Vikram Solar's 5-Year ROIIC % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Vikram Solar ranks #999999 out of 916 companies for 5-Year ROIIC %. This places Vikram Solar in the lower half of its industry. The industry median 5-Year ROIIC % is 2.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year ROIIC % for a Semiconductors company?
The median 5-Year ROIIC % among Semiconductors companies is 2.70, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year ROIIC % 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 5-Year ROIIC % mean?
A high 5-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Vikram Solar and its competitors. For the Semiconductors industry, the median 5-Year ROIIC % is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vikram Solar's current 5-Year ROIIC % is 0.00. 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 5-Year ROIIC % of 0.00. The current 5-Year ROIIC % is 0.00. Vikram Solar's overall GF Score™ is 17/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year ROIIC % calculated?
5-Year ROIIC % is calculated from a company's financial statements. For Vikram Solar (NSE:VIKRAMSOLR), the current 5-Year ROIIC % is 0.00 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.
17GF Score

Get the complete analysis for NSE:VIKRAMSOLR

5-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹192.22
Price