



Utilities | Small Cap
ACME Solar Holdings Ltd demonstrates a mixed financial performance. The company shows strong profitability, driven by high gross and net margins, and good returns on capital employed and equity. Revenue and asset growth are also positive indicators. However, the company faces challenges in efficiency, particularly in fixed asset and capital turnover, and has a high number of receivable days. Solvency is a concern due to high debt levels, but liquidity is reasonably managed. The company's earnings per share growth and capital expenditures are negative and needs to be addressed. Overall, ACME Solar shows promise in profitability and growth, but must address its efficiency and solvency to ensure long-term financial health.
ACME Solar Holdings Ltd demonstrates a mixed financial performance. The company shows strong profitability, driven by high gross and net margins, and good returns on capital employed and equity. Revenue and asset growth are also positive indicators. However, the company faces challenges in efficiency, particularly in fixed asset and capital turnover, and has a high number of receivable days. Solvency is a concern due to high debt levels, but liquidity is reasonably managed. The company's earnings per share growth and capital expenditures are negative and needs to be addressed. Overall, ACME Solar shows promise in profitability and growth, but must address its efficiency and solvency to ensure long-term financial health.
Overall Valuation Score
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P/E RATIO (TTM)
71.96
Industry Median
25.09
Small Cap Median
20.27
P/E RATIO
49.05
P/B RATIO
4.83
Industry Median
2.00
Small Cap Median
1.90
P/S RATIO
10.89
Industry Median
5.48
Small Cap Median
3.61
Others
PEG RATIO
0.48
EV/EBITDA RATIO
14.78
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹403.7 as on Sep 1, 2026.
The company has showed mixed performance. Revenue and asset growth rates indicate positive business expansion, while declines in earnings per share and net income growth raise concerns. Balancing growth initiatives with profitability is crucial for sustainable long-term performance. Company needs to balance its growth and profitability together.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | -12.06 | -12.97 | 1.85 | 6.52 | 43.99 |
| Operating Profit Growth Rate | -20.15 | -5.4 | -6.73 | 13.07 | 43.98 |
| Earnings Per Share (EPS) Growth | 306.85 | -105.05 | 22370 | -93.76 | 97.36 |
| Asset Growth Rate | -13.55 | 11.39 | 9.81 | 37.35 | 57.33 |
| Net Income Growth Rate | 313.33 | -104.84 | 23366.67 | -64.04 | 98.41 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | KPI Green Energy Ltd | 7.24 | 12.76 | Undervalued | 958.00 | 19.87 | 509.00 |
| 2 | Jaiprakash Power Ventures Ltd | 5.89 | 25.09 | Neutral | 1367.00 | 0.64 | 451.00 |
| 3 | ACME Solar Holdings Ltd | 5.55 | 49.05 | Highly Overvalued | 1781.00 | 4.81 | 498.00 |
| 4 | Inox Green Energy Services Ltd | 4.99 | 62.86 | Neutral | 23.00 | 1.33 | 103.00 |
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Overall Score
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Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
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ACME Solar Holdings Ltd, part of the ACME Group, is a leading Indian renewable energy developer focused on establishing, owning, and operating utility-scale solar power projects. It contributes significantly to India's clean energy landscape with a substantial installed and under-development solar capacity, making it a key independent power producer.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. ACME Solar Holdings Ltd's P/E ratio (TTM) is 71.96, compared to the industry median of 25.09 and large cap median of 20.27.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. ACME Solar Holdings Ltd's P/B ratio is 4.83, compared to the industry median of 2.00 and large cap median of 1.90.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. ACME Solar Holdings Ltd's P/S ratio is 10.89, compared to the industry median of 5.48 and large cap median of 3.61.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. ACME Solar Holdings Ltd's PEG ratio is 0.48.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. ACME Solar Holdings Ltd's EV/EBITDA ratio is 14.78.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. ACME Solar Holdings Ltd's ROE is 9.84%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. ACME Solar Holdings Ltd's ROA is 6.24%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. ACME Solar Holdings Ltd's ROCE is 9%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. ACME Solar Holdings Ltd's operating margin is 88.04%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. ACME Solar Holdings Ltd's net margin is 24.62%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. ACME Solar Holdings Ltd's current ratio is 1.40.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. ACME Solar Holdings Ltd's debt-to-equity ratio is 3.55.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. ACME Solar Holdings Ltd's interest coverage ratio is 1.60.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. ACME Solar Holdings Ltd's DPS is ₹0.16.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. ACME Solar Holdings Ltd's EPS is 97.36.
(Source line: "Ratios as of 28 Sept 2026, based on last traded price of ₹403.70. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 2003 (ACME Group was founded, solar diversification began around 2007)
Headquarters: Gurugram, Haryana
Core Offerings: Solar Power Generation, Solar Project Development, O&M Services for Solar Plants
Stock Listing: NSE (ACMESOLAR), BSE (544283)
Promoter: Manoj Kumar Upadhyay / ACME Group
Founded in 2003 by Manoj Kumar Upadhyay, ACME Group initially focused on telecom infrastructure. The company diversified into renewable energy around 2007-2008, establishing ACME Solar as a significant player. Since 2010, it has rapidly expanded its solar portfolio, developing numerous large-scale solar projects across India, becoming one of the nation's largest solar IPPs. It has achieved milestones like commissioning India's first grid-scale solar thermal project and continues to expand its green energy footprint.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Solar Power Generation | Approx. 100% | N/A (Private company, detailed segment EBITDA not public) |
Solar Power Generation: Focused on developing, financing, constructing, and operating large-scale grid-connected solar photovoltaic (PV) power projects across various states in India.
Project Development & EPC Management: Engages in the entire project lifecycle, from site identification, land acquisition, securing permits and power purchase agreements (PPAs), to financing and managing engineering, procurement, and construction (EPC).
Operations & Maintenance (O&M): Provides comprehensive O&M services for its solar assets to ensure high plant availability, optimal performance, and maximize energy generation efficiency.
Manoj Kumar Upadhyay - Founder, Chairman & Managing Director. A visionary entrepreneur who established the ACME Group in 2003 and pioneered its entry into India's renewable energy sector, building it into a leading solar power producer.
Numerous Special Purpose Vehicles (SPVs) for individual project development and operation across various states in India.
As a private entity, no public record of bonus issues, rights issues, or major M&A history is available in the public domain similar to listed companies.
The ACME Solar Holdings Ltd share price today is ₹403.70 on NSE (ACMESOLAR), as of 28 Sept 2026.
As of 28 Sept 2026, ACME Solar Holdings Ltd share price is ₹403.70, with previous close ₹403.70. Today's range is ₹403.70 to ₹403.70. The 52-week range is ₹N/A to ₹N/A.
As of today, ACME Solar Holdings Ltd's market cap is ₹22,029.91 crore (Large Cap).
ACME Solar Holdings Ltd's current P/E ratio is 71.96, compared to the UTILITIES sector average of 30.50.
ACME Solar Holdings Ltd's current P/B ratio is 4.83.
ACME Solar Holdings Ltd's current dividend yield is 0.04%. Last dividend of ₹0.00 (Private company, no public dividend reporting) per share was declared on N/A.
ACME Solar Holdings Ltd's EPS (TTM) is ₹97.36.
ACME Solar Holdings Ltd, part of the ACME Group, is a leading Indian renewable energy developer focused on establishing, owning, and operating utility-scale solar power projects. It contributes significantly to India's clean energy landscape with a substantial installed and under-development solar capacity, making it a key independent power producer.
ACME Solar Holdings Ltd is promoted by Manoj Kumar Upadhyay / ACME Group, holding 83.29% as of 28 Sept 2026.
ACME Solar Holdings Ltd is listed on NSE (ACMESOLAR) and BSE (544283). Its next quarterly results are expected on N/A (Private company, does not publish quarterly earnings for public consumption).