After listening to the birth story of Shani, Vikramaditya laughed and ridiculed Shani for what he did. Shani-dev heard the remarks of Vikramaditya and cursed him. The rest of the story is how Vikramaditya faces difficulties and problems worse than the ones he could imagine. He loses his kingdom, he is charged with stealing, his both hands and legs are cut-off by King Chandrasen of Tamlinda town.
He is helped by a teli of that town and this oil vendor brings him home. But Vikramaditya still prays Shani-dev without losing his temper or faith in Shani-dev, who eventually is satisfied with Vikramaditya's devotion and brings him back all the lost glory. In fact Shani-dev makes him even better and greater than what he was or had before.
The last part of the book describes various experiences faced by various gods, demons and sages, including Brihaspati (the Guru of gods) and Shiva etc. The story essentially stresses the values such as, perseverance in difficult times, complete devotion and faith in the values one believes in or one follows and never to lose his/her confidence in life in spite of lot of difficulties.
ज्यांना साडेसाती चालू आहे, शनी महादशा चालू आहे, त्यांनी दर शनीवारी शनी महात्म्य वाचावे. उज्जयनी नगरीचा राजा विक्रम याच्याकडून अनवधाने शनीदेवाचा झालेला अपमान आणि नंतर त्याला शनीदेवाने दाखवलेला प्रताप याचे सुंदर वर्णन यात केले आहे.