Fujiyama Power Systems Ltd (NSE: UTLSOLAR) and Vikram Solar (NSE: VIKRAMSOLR) are both listed in the Solar Cells & Modules industry. Fujiyama Power Systems has a market capitalisation of ₹11,059 Cr and Vikram Solar ₹4,807 Cr, as of 9 Nov 2026. Their P/E ratios are 35.3 and 9.8 respectively. Return on equity is 23.88% for Fujiyama Power Systems and 21.34% for Vikram Solar.
| Metric | Fujiyama Power Systems | Vikram Solar |
|---|---|---|
| NSE Symbol | UTLSOLAR | VIKRAMSOLR |
| BSE Code | 544613 | 544488 |
| Share Price | ₹357.20 | ₹140.08 |
| Market Cap | ₹11,059 Cr | ₹4,807 Cr |
| P/E Ratio | 35.3 | 9.8 |
| Return on Equity | 23.88% | 21.34% |
| Return on Assets | 16.81% | 11.57% |
| Beta (1Y) | 0.65 | 0.46 |
| 1-Year Price Change | — | -57.2% |
| 3-Month Price Change | -10.4% | -10.7% |
| 52-Week Range | ₹172.00 – ₹494.25 | ₹124.50 – ₹323.90 |
| Latest Quarter | Q2 FY27 | Q1 FY27 |
| Quarterly Revenue | ₹1,307 Cr | ₹1,563 Cr |
| Quarterly Net Profit | ₹133 Cr | ₹20 Cr |
| Net Margin | 10.2% | 1.3% |
| EPS (Basic, Quarter) | ₹4.33 | ₹0.55 |
| Results Basis | consolidated | consolidated |
| Headquarters | Greater Noida, Uttar Pradesh | Kolkata, West Bengal |
The figures sit side by side and are not ranked. Quarterly figures are in ₹ crore, parsed from each company's exchange filing (XBRL); the two companies' latest quarters can differ.
Fujiyama Power Systems Limited manufactures and sells roof-top solar products and solutions under the UTL Solar and Fujiyama Solar brands in India and internationally. It offers solar power generation systems, such as solar panels, hybrid solar inverter, off and on- grid inverter, online solar power conditioning units, solar management unit, and lithium-ion and tubular lead acid batteries; power backup solutions comprising online uninterruptible power supplies and inverters; power supply solutions, including hybrid charge controller units; and electronic vehicle, marine, and engine start charg…
Vikram Solar Limited manufactures and sells solar photovoltaic modules/systems in India and internationally. It also offers engineering, procurements, and construction solutions, such as risk analysis, site survey, design and engineering, procurement, civil construction, erection and commissioning, project management and control, and quality assurance. In addition, it provides solar operations and maintenance solutions, comprising preventive and corrective maintenance, performance monitoring and analysis, equipment upgrades and retrofits, spare parts management, troubleshooting and fault resol…
Fujiyama Power Systems has a market capitalisation of ₹11,059 Cr, against ₹4,807 Cr for Vikram Solar as of 9 Nov 2026, about 2.3 times the size by market cap.
Fujiyama Power Systems has a P/E of 35.3 and Vikram Solar a P/E of 9.8 as of 9 Nov 2026.
Fujiyama Power Systems has a return on equity of 23.88% and Vikram Solar 21.34%.
Fujiyama Power Systems reported revenue of ₹1,307 Cr and net profit of ₹133 Cr for Q2 FY27. Vikram Solar reported revenue of ₹1,563 Cr and net profit of ₹20 Cr for Q1 FY27. Figures are parsed from each company's exchange filing.
Both are classified under Electrical Equipment > Solar Manufacturing > Solar Cells & Modules on FinBizNet.
No. The page lays the two companies' published figures side by side and draws no conclusion from them. It is descriptive market data, not investment advice.
Data as of 9 Nov 2026. Descriptive market data only — not investment advice.