ACMESOLAR
Acme Solar Holdings Limited (ACMESOLAR) Stock Analysis
Acme Solar Holdings Limited is an Indian renewable energy company developing and operating solar power projects. It builds utility-scale solar plants and supplies power under long-term PPAs to utilities and corporates. The company is among the prominent private solar developers in India. It is listed following a public offering and continues to expand capacity.
Utilities › Utilities - Renewable
₹410.00
-1.94% 1W | +47.20% 52W
Market Cap
29.0k CR
P/E Ratio
42.3
52W High
₹476.9
52W Low
₹195.9
Div. Yield
0.05%
Beta
–
50 DMA
₹410.2
200 DMA
₹320.5
Profit Margin
21.1%
Inst. Own.
20.2%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 369 | 323 | 332 | 295 | 310 | 260 | 349 | 487 | 511 | 468 | 497 | 548 | 858 |
| Expenses | 47 | 34 | 54 | 94 | 38 | 39 | 42 | 51 | 53 | 68 | 52 | 69 | 123 |
| Operating Profit | 322 | 290 | 277 | 201 | 272 | 221 | 307 | 436 | 458 | 400 | 444 | 479 | 734 |
| OPM % | 87% | 90% | 84% | 68% | 88% | 85% | 88% | 90% | 90% | 86% | 89% | 87% | 86% |
| Other Income | 65 | 73 | 39 | 719 | 30 | 36 | 45 | 38 | 57 | 138 | 120 | 171 | 96 |
| Interest | 188 | 200 | 202 | 177 | 196 | 178 | 179 | 206 | 233 | 265 | 288 | 337 | 344 |
| Depreciation | 77 | 86 | 85 | 61 | 56 | 60 | 70 | 102 | 108 | 117 | 120 | 123 | 155 |
| Profit before tax | 122 | 77 | 29 | 681 | 50 | 18 | 103 | 166 | 174 | 156 | 156 | 190 | 331 |
| Tax % | 33% | 50% | -55% | 22% | 97% | 16% | -8% | 27% | 25% | 26% | 27% | 27% | 29% |
| Net Profit | 82 | 39 | 44 | 532 | 1 | 15 | 112 | 122 | 131 | 115 | 114 | 138 | 235 |
| EPS in Rs | 7.88 | 3.70 | 4.26 | 50.97 | 0.03 | 0.29 | 1.85 | 2.04 | 2.16 | 1.90 | 1.88 | 2.30 | 3.33 |
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,777 | 1,692 | 1,488 | 1,295 | 1,319 | 1,405 | 2,023 | 2,370 |
| Expenses | 129 | 139 | 247 | 122 | 225 | 168 | 238 | 312 |
| Operating Profit | 1,649 | 1,553 | 1,240 | 1,173 | 1,094 | 1,237 | 1,785 | 2,058 |
| OPM % | 93% | 92% | 83% | 91% | 83% | 88% | 88% | 87% |
| Other Income | 82 | 218 | 404 | 106 | 891 | 147 | 482 | 526 |
| Interest | 1,237 | 1,151 | 996 | 809 | 767 | 759 | 1,123 | 1,234 |
| Depreciation | 704 | 622 | 546 | 485 | 308 | 287 | 468 | 515 |
| Profit before tax | -211 | -1 | 102 | -15 | 909 | 338 | 677 | 834 |
| Tax % | -141% | -1,470% | 39% | -79% | 23% | 26% | 26% | |
| Net Profit | 86 | 15 | 62 | -3 | 698 | 251 | 498 | 602 |
| EPS in Rs | 8.20 | 1.46 | 5.94 | -0.30 | 66.81 | 4.17 | 8.23 | 9.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 5% | 0% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 16.0% | 4.0% | – |
| Profit CAGR | 150.0% | 52.0% | – |
Shareholding Pattern
Promoters83.41%
FIIs5.76%
DIIs6.61%
Public4.22%
Promoters83.41%
FIIs5.57%
DIIs6.39%
Public4.63%
Promoters83.29%
FIIs4.03%
DIIs6.87%
Public5.69%
Promoters83.29%
FIIs3.60%
DIIs7.05%
Public5.96%
Promoters71.40%
FIIs4.39%
DIIs19.10%
Public4.92%
Promoters83.41%
FIIs4.74%
DIIs7.09%
Public4.75%
Promoters83.29%
FIIs3.60%
DIIs7.05%
Public5.96%
Promoters71.40%
FIIs4.39%
DIIs19.10%
Public4.92%
ACMESOLAR
Holdings Analysis
Key strengths & risk signals
69
Overall
63
Fundamental
76
Technical
Risks (3)
VERY HIGH DEBT! D/E of 2.43 - significant risk.
RECOVERY MODE! Current price (410.0) above 200-day but below 50-day.
WEAK MOMENTUM! Limited price growth - -1.9% (1 week), -1.9% (1 month), 6.4% (3 months).
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (410.2) is above 200-day average (320.5) - positive signal.
GOOD YEAR! Stock gained 47.2% in the last year.
BULLISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 3,142,831 vs down days: 1,268,010. Ratio: 2.48x
Fundamental & Technical Analysis
69Overall
63Fundamental
76Technical
Fundamental Breakdown
Growth Quality
15/30
Revenue CAGR: 16.0% (VERY GOOD, 13/15). Profit CAGR: 0% (DECLINING, 2/15).
Profit Margin
8/10
EXCELLENT EFFICIENCY! 21.1% profit margin - company keeps strong profits.
PEG Valuation
5/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.05% yield - little to no income.
Debt to Equity
2/10
VERY HIGH DEBT! D/E of 2.43 - significant risk.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 4.07% public ownership - strong promoter/institutional control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (410.2) is above 200-day average (320.5) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (410.0) above 200-day but below 50-day.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
10/10
GOOD YEAR! Stock gained 47.2% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 3,142,831 vs down days: 1,268,010. Ratio: 2.48x
RSI
3/5
NEUTRAL! RSI at 44.5 - balanced momentum.
52W Range
4/5
UPPER HALF! Trading at 76.2% of 52W range - positive territory.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - -1.9% (1 week), -1.9% (1 month), 6.4% (3 months).
Beta
3/5
MARKET ALIGNED! Beta of 1.00 - moves with the market.
ACMESOLAR
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-08-04 | Concall PDF | |
| Q4FY262026-05-14 | Concall PDF | |
| Q3FY262026-02-04 | Concall PDF | |
| Q2FY262025-11-10 | Concall PDF |
Peer Comparison
Utilities · Utilities - Renewable · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ACMESOLAR | ₹410.00 | 42.3 | 21.1% | 16.0% | – | +47.2% | 69 | BREAKDOWN | +79.9% | +68.9% | +67.8% | +56.5% |
| SJVN | ₹53.90 | 33.3 | 12.8% | 14.6% | -22.1% | -38.5% | 51 | BREAKDOWN | -1.3% | -290.6% | +52.0% | -6.8% |
| NHPC | ₹71.40 | 18.9 | 31.1% | 2.0% | -1.2% | -16.2% | 53 | APPROACHING SUPPORT | +2.9% | -24.9% | +18.5% | +35.3% |
| NTPCGREEN | ₹89.80 | 126.5 | 18.5% | 156.2% | 45.1% | -9.3% | 67 | APPROACHING SUPPORT | +38.3% | +54.8% | +62.7% | +21.3% |
| ENRIN | ₹2,889.00 | 69.1 | 15.8% | 63.5% | 83.4% | -5.1% | 76 | BREAKDOWN | +67.8% | +17.7% | +39.3% | +3.8% |
| ADANIGREEN | ₹1,302.00 | 124.7 | 13.1% | 16.6% | 19.3% | +26.1% | 65 | CONSOLIDATING UP | +18.5% | +112.8% | +15.6% | +29.9% |
| CLEANMAX | ₹1,276.00 | 93.5 | 6.7% | 27.1% | – | +44.7% | 54 | BREAKDOWN | -441.5% | -12.5% | +107.4% | +49.4% |
| KPIGREEN | ₹319.80 | 13.8 | 16.4% | 61.2% | 63.2% | -32.7% | 69 | BOUNCE FROM SUPPORT | -15.0% | -34.9% | +15.1% | -12.8% |
Data from TradeAlone · Updated daily
ACMESOLAR News
Acme Solar Holdings Limited Announces Solar and Battery Capacity Expansion Projects in Rajasthan2026-09-16Acme Solar Holdings Limited Secures INR 1,571 Crore Long-term Project Funding from IIFCL2026-08-27Acme Solar Holdings Limited Successfully Completes INR 2,147 Crore Non-convergent Debt Restructuring in August 20262026-08-12Acme Solar Holdings Limited (acmesolar) Q1 FY27: Revenue Up 63% Yoy, Ebitda Rises 56% Yoy2026-07-29Acme Solar Holdings Limited Secures INR 3,404.57 Crore Long-term Project Funding for ACME Urja One Pvt Ltd Phase III 250 MW FDRE Project2026-07-29Acme Solar Holdings Limited (acmesolar) Raises INR 2,646.64 Crore Funding for 450mw/1800mwh FDRE Project2026-07-16Acme Solar Holdings Limited (NSE: ACMESOLAR) nears resistance, gains 5% intraday2026-06-29Acme Solar Holdings Limited (NSE: ACMESOLAR) breaks out, moves up 5% intraday2026-06-22Acme Solar Holdings Limited (acmesolar) Successfully Completes INR 2,800 Crore Qualified Institutional Placement2026-06-05Acme Solar Reports INR 2,507 Cr Revenue, 59% YoY Growth2026-05-08
