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    Renewable Utilities
ACME Solar Holdings Limited

ACME Solar Holdings Limited

ACMESOLAR.NS
ACME Solar Holdings LimitedIN flagNational Stock Exchange of India
329.05
INR
-5.70
- -
199.40BMarket Cap
ACME Solar Holdings Limited
ACMESOLAR.NS
(National Stock Exchange of India)

Recent

price

329.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2022
2023
2024
2025
2026
FRC
24.58
21.39
21.8
25.36
33.41
Revenue per Share
1.03
-0.05
11.53
4.55
8.24
Basic EPS, GAAP
-50.63
8.18
-22.95
-31.1
-67.26
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.4
Dividend per Share
-3.95
-4.16
6.41
12.09
2
Book Value per Share
33.2
31.9
42.82
81.38
83.57
Tangible Book Value per Share
605
605
605
554
605
Basic Weighted Avg Shares
14,874
12,944
13,189
14,051
20,230
Sales/Revenue/Turnover
46.82
53.21
60.15
67.48
64.93
Operating Margin (%)
5,463
4,848
3,081
2,873
4,679
Depreciation Expense
620
-31
6,978
2,521
4,989
Net Income, GAAP
39.46
- -
23.27
25.8
26.44
Effective Tax Rate (%)
4.17
-0.24
52.91
17.94
24.66
Profit Margin (%)
10,938
17,325
17,232
24,622
37,656
Working Capital
72,707
84,246
79,846
103,620
175,848
LT Debt
20,092
19,305
25,909
45,093
50,602
Total Equity
- -
- -
5.51
5.28
4.77
Return on Invested Capital (%)
- -
- -
14.44
7.94
8.38
Return on Capital (%)
- -
- -
- -
47.69
126.18
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
12.22%
Free Cash Flow
- -
- -
136.37%
Net Income, GAAP
- -
- -
97.9%
Sales/Revenue/Turnover
- -
- -
43.97%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,690
3,315
439
- -
13,189
2025
3,096
3,490
4,869
- -
14,051
2026
5,110
4,966
5,478
- -
20,230

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.36
0.73
- -
- -
11.53
2025
0.02
2.09
2.15
- -
4.55
2026
2.16
1.88
2.3
- -
8.24

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
0.4
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Business
ACME Solar Holdings Limited, a leading renewable energy independent power producer in India, develops, builds, owns, operates and maintains utility-scale solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects; provides engineering, procurement and construction (EPC) services; and delivers operations and maintenance (O&M) services to central and state government-backed entities. The company manages a portfolio of approximately 7 GW in operational, under-construction and locked-in capacity across 10 Indian states, with a focus on solar installations in high-potential sunny regions, wind power generation, hybrid systems combining renewables, and FDRE solutions incorporating battery or pumped hydro storage for on-demand power. Incorporated in 2015 and headquartered in Gurugram, Haryana, ACME Solar Holdings operates as a subsidiary of ACME Cleantech Solutions Limited within the ACME Group, founded in 2003, and generates revenue primarily through long-term power purchase agreements (PPAs) spanning 25 years. Recent developments include the acquisition of AK Renewable Infra Private Limited for INR 79.25 crore in September 2025, securing development rights for a 300 MW solar project in Rajasthan that enhances its project pipeline and renewable energy park presence; procurement partnerships with suppliers such as Zhejiang Narada and Trina Energy for over 3.1 GWh of battery energy storage systems to support power projects; and financing of INR 3,753 crore from REC Limited in late 2024 for a 320 MW FDRE project developed with SJVN, alongside backward integration via a 1.2 GW solar PV module manufacturing facility in Rajasthan under group entity MKU Holdings Private Limited.