Vikram Solar Annual Report | Balance Sheet

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Vikram Solar Limited (Vikram Solar) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Vikram Solar Limited

Balance Sheet of Vikram Solar Limited (Rs. In Lakhs)

PARTICULARS	2023	2022	2021
Equity & Liabilities
Equity share capital	25,883.00	25,883.00	2,353.00
Other equity	12,867.70	10,797.80	40,082.90
Non-current liabilities
Financial liabilities
Borrowings	21,422.70	26,392.70	22,962.92
Trade payables	-	433.90	852.84
Other financial liabilities	4,866.40	4,356.70	5,304.05
Provisions	762.60	778.80	651.42
Deferred tax liabilities (net)	-	-	2,444.81
Other liabilities	53,876.60	8,344.90	3,109.40
Current liabilities
Financial liabilities
Borrowings	52,356.00	43,918.00	33,275.03
Trade payables	44,269.10	74,280.30	49,067.95
Other financial liabilities	8,638.00	4,691.50	10,719.66
Provisions	125.80	99.60	55.06
Current tax liabilities (net)	-	-	-
Other liabilities	19,486.20	22,282.50	1,262.51
Liabilities associated with assets in disposal group	-	-	-
Regulatory deferral account credit balances
Total liabilities	2,05,803.40	1,85,578.90	1,29,705.65
Total equity and liabilities	2,44,554.10	2,22,259.70	1,72,141.55

Assets
Non-current assets
Property plant and equipment	61,585.80	52,617.90	36,705.09
Capital work in progress	730.40	293.80	6,605.91
Investment property	-	-	-
Goodwill	-	-	-
Intangible assets	1,118.70	1,542.50	1,394.35
Intangible assets under development	72.90	63.30	48.80
Financial assets
Investments	3,494.30	3,097.30	2,764.05
Trade receivables	-	-	-
Loans	-	-	281.10
Other financial assets	5,460.20	6,017.80	5,291.18
Deferred tax assets (net)	-	-	-
Other assets	599.10	721.00	1,145.25

Current assets
Inventories	33,912.90	25,956.60	19,176.01
Financial assets
Investments	-	-	-
Trade receivables	95,884.80	89,910.40	63,421.59
Cash and cash equivalents	100.60	1,682.20	307.16
Other bank balances with banks	8,909.40	10,472.00	9,468.47
Loans	2,941.70	936.40	587.94
Other financial assets	19,407.00	18,090.80	19,693.36
Current tax assets	673.30	803.60	46.90
Other assets	9,663.00	10,054.10	5,204.39
Noncurrent assets held for sale	-	-	-
Regulatory deferral account debit balances
Total assets	2,44,554.10	2,22,259.70	1,72,141.55

Profit & Loss Statement of Vikram Solar Limited (Rs. In Lakhs)

PARTICULARS	2023	2022	2021
Continuing Operations
Revenue from operations	2,00,648.30	1,70,046.60	1,57,658.50
Other income	2,013.30	1,281.50	1,769.11
Total revenue	2,02,661.60	1,71,328.10	1,59,427.61
Cost of materials consumed	1,63,966.80	1,38,385.80	1,20,560.00
Purchases of stock in trade	-	-	-
Changes in inventory	-7,046.90	-742.00	1.82
Employee benefit expenses	8,366.10	9,694.30	7,581.15
Finance costs	12,344.40	10,287.40	9,944.68
Depreciation and amortization	6,391.90	4,792.10	3,875.09
Other expenses	17,177.60	17,396.60	12,087.95
Total expenses	2,01,199.90	1,79,814.20	1,54,050.69
Profit before exceptional items and tax	1,461.70	-8,486.10	5,376.92
Exceptional items before tax	-	-	-
Profit before tax	1,461.70	-8,486.10	5,376.92
Current tax expense	340.00	52.50	940.00
Deferred tax expense	-148.20	-2,524.30	722.92
Net movement in regulatory deferral account balances	-	-	-
Profit / loss from continuing operations	1,269.90	-6,014.30	3,714.00
Profit / loss from discontinuing operations (after tax)	-	-	-
Net profit/loss after tax	1,269.90	-6,014.30	3,714.00
Other comprehensive income	361.40	259.00	-24.97
Total comprehensive income / losses for the year	1,631.30	-5,755.30	3,689.03

Financial Ratios of Vikram Solar Limited:

Particulars	2023	2022	2021
Total Debt/Equity Ratio	4.15	3.00	1.81
Total Debt/Total Assets Ratio	0.66	0.49	0.45
Total Assets/Equity Ratio	6.31	6.06	4.06
Net Debt/Equity Ratio	4.14	2.95	1.80
Quick Ratio	0.77	0.63	0.68
Current Ratio	1.37	1.09	1.25
Interest Coverage Ratio	1.12	0.18	1.54
Gross Margin	21.79	19.06	23.53
Net Margin	0.63	-3.51	2.33
EBITDA Margin	9.97	3.85	12.04
Return on Fixed Assets	2.00	-11.03	8.30
Return on Equity	3.28	-16.40	8.75
Return on Capital Employed	12.54	2.68	22.44
Total Asset Turnover	0.83	0.77	0.93
Fixed Asset Turnover	3.16	3.12	3.52
Days Receivables Outstanding	174.00	192.00	146.00
Days Payables Outstanding	92.00	175.00	137.00
Days of Inventory	78.00	68.00	58.00