Acme Solar Holdings Ltd
NSE: ACMESOLAR · Power Generation · sector
₹382.15NSE close 2026-10-26
Key numbers
Market cap₹26,965 cr
Price₹382.15
52w high / low₹477 / ₹196
P/E39.0xSector median 18.7x
P/B5.3xSector median 1.5x
Book value₹71.7
Dividend yield0.09%Sector median 1.39%
ROE12.6%Sector median 4.5%
ROCE8.6%Sector median 6.2%
OPM87.6%Sector median 33.3%
Debt / equity3.75xSector median 0.90x
EV/EBITDA19.2xSector median 9.8x
Interest cover1.7x
Current ratio2.17x
Sales growth 3y–Sector median +3.1%
Profit growth 3y–Sector median +19.3%
PEG0.67x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 35 companies in Power Generation (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹6,158 cr vs borrowings ₹18,988 cr (FY26): borrowings are higher by ₹12,830 cr.
- Operating profit covered interest 1.7x in the last 12 months.
- Promoter holding fell by 12.01 percentage points in a year, to 71.40% (2026-09-30).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 84% of net profit in the last 12 months.
- Dividend paid in 1 of the last 2 financial years.
- Price ₹382.15 on 2026-10-26: -19.9% from the 52-week high, +95.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹446.65 · low ₹181.05
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 260 | 349 | 487 | 511 | 468 | 497 | 548 | 858 |
| EBITDA | 221 | 300 | 422 | 442 | 404 | 444 | 493 | 734 |
| OPM % | 85.0% | 86.0% | 86.6% | 86.5% | 86.5% | 89.5% | 90.0% | 85.6% |
| Other income | 36 | 52 | 52 | 73 | 134 | 120 | 157 | 96 |
| Net profit | 15 | 112 | 123 | 131 | 115 | 114 | 139 | 235 |
| EPS (₹) | 0.29 | 2.09 | 2.15 | 2.16 | 1.90 | 1.88 | 2.30 | 3.71 |
| Revenue YoY | +80.2% | +42.3% | +12.5% | +67.8% | ||||
| Profit YoY | +652.1% | +1.5% | +12.9% | +79.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY25 | FY26 | TTM |
|---|---|---|---|
| Revenue | 1,405 | 2,023 | 2,370 |
| EBITDA | 1,214 | 1,784 | 2,076 |
| Net profit | 252 | 499 | 603 |
| EPS (₹) | 4.55 | 8.24 | 9.79 |
| Revenue growth | +44.0% | +47.5% | |
| Profit growth | +97.9% | +58.1% | |
| Dividend / share (₹) | – | 0.40 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +47.5% |
| Net profit | – | – | +58.2% |
| EPS | – | – | – |
| Share price | – | – (2y) | +39.0% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 4,511 | 5,061 |
| Borrowings | 10,423 | 18,988 |
| Cash & equivalents | 2,916 | 6,158 |
| Total assets | 18,404 | 28,540 |
| Fixed assets | 11,662 | 14,664 |
| Capital work in progress | 1,362 | 4,358 |
| Investments | 275 | 275 |
| Receivables | 381 | 333 |
| Inventory | 4 | 17 |
| Payables | 225 | 15 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 1,543 | 1,249 |
| Cash from investing | -3,976 | -7,317 |
| Cash from financing | 3,408 | 7,015 |
| Capex | 3,266 | 5,321 |
| Free cash flow | -1,723 | -4,073 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 5.6% | 9.9% |
| ROCE % | 7.3% | 7.5% |
| Debtor days | 99 | 60 |
| Inventory days | 1 | 3 |
| Payable days | 58 | 3 |
| Cash conversion cycle (days) | 42 | 60 |
| Working capital days | 637 | 678 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 71.40% |
| FIIs | 6.44% |
| DIIs | 17.46% |
| of which Mutual funds | 14.96% |
| of which Insurance | 2.37% |
| Public (non-institutions) | 4.57% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 83.41% | 83.41% | 83.41% | 83.29% | 83.29% | 71.48% | 71.40% | 71.40% |
| Promoter group | % |
|---|---|
| Acme Cleantech Solutions PVT Ltd | 71.40% |
| MAMTA UPADHYAY (Nominee of ACSPL) | 0.00% |
| MANOJ KUMAR UPADHYAY (Nominee of ACSPL) | 0.00% |
| Shel Kumari | 0.00% |
| Medha Upadhyay | 0.00% |
| Neelam Pandey | 0.00% |
| Aum Upadhyay | 0.00% |
| Rama Bhilash Mishra | 0.00% |
| Pratima Mishra | 0.00% |
| Pragya Mishra | 0.00% |
| Bhawna Mishra | 0.00% |
| MKU HOLDINGS PVT LTD (Nominee of ACSPL) | 0.00% |
| VRS INFOTECH PVT LTD (Nominee of ACSPL) | 0.00% |
| Upadhyay Family Trust | 0.00% |
| SMSW Lab & Research Centre LLP | 0.00% |
| Public holders above 1% | % |
|---|---|
| Nippon Life India Trustee Ltd-a/c Nippon Power & I | 4.58% |
| HDFC Trustee Company Limited-hdfc Flexi CAP Fund | 3.43% |
| SBI Nifty Smallcap 250 ETF | 1.78% |
| SBI Life Insurance Co. Ltd | 1.77% |
| Kotak Large CAP Fund | 1.10% |
1,42,608 shareholders. Pledged: – of promoter shares.
Peers in Power Generation
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| NTPC | ₹2,90,900 cr | 10.5x | 1.4x | 14.3% | 8.7% | 30.9% | +2.1% | 3.01% |
| ADANIGREEN | ₹2,05,875 cr | 113.6x | 9.5x | 9.1% | 7.3% | 86.3% | +18.4% | 0.16% |
| JSWENERGY | ₹82,396 cr | 40.1x | 2.7x | 6.8% | 7.2% | 53.2% | +22.3% | 0.44% |
| NHPC | ₹70,878 cr | 18.7x | 1.7x | 9.4% | 5.0% | 47.4% | +3.1% | 3.33% |
| NTPCGREEN | ₹68,877 cr | 115.1x | 3.6x | 3.2% | 3.6% | 87.1% | – | – |
| NLCINDIA | ₹31,803 cr | 9.6x | 1.5x | 15.7% | 9.0% | 33.3% | +2.7% | 2.31% |
| ACMESOLAR | ₹26,965 cr | 39.0x | 5.3x | 12.6% | 8.6% | 87.6% | – | 0.09% |
| SJVN | ₹19,256 cr | 30.2x | 1.4x | 4.5% | 5.5% | 69.8% | +15.5% | 2.97% |
| CLEANMAX | ₹13,612 cr | 127.6x | 2.9x | 2.0% | 5.4% | 59.2% | – | – |
| NAVA | ₹13,449 cr | 17.8x | 1.5x | 9.2% | 13.3% | 38.4% | +6.7% | 3.68% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-02-06 | Dividend | Interim Dividend - Re 0.20 Per Share |
| 2025-05-02 | Dividend | Interim Dividend - Re 0.20 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Generation of Power: Renewable Energy Generation
| Sector | Utilities |
| Industry | Power Generation |
| Sub-industry | Power Generation |
| Symbol | ACMESOLAR |
| BSE code | 544283 |
| ISIN | INE622W01025 |
| Face value | ₹2.0 |
| Incorporated | 2015-06-03 |
| Website | www.acmesolar.in |
| Plants (India / abroad) | 41 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.