ACME Solar Holdings Ltd. (ACMESOLAR) AI Stock Analysis

• Market Cap: ₹171.91B
• Dividend Yield: N/A
• Average Volume (3M): 181.99K
• Price to Earnings (P/E): 45.3
• Beta (1Y): 1.61
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 214
• Sector: Energy
• Sector Strength: 49
• Industry: Renewable Utilities
• EPS (TTM): 2.40
• Shares Outstanding: 605,087,770
• 10 Day Avg. Volume: 94,300
• 30 Day Avg. Volume: 181,985
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹329.00
• Price Target Upside: 13.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 74 Outperform
• Price Target: ₹329.00 ▲(13.19% Upside)

ACME Solar Holdings Ltd. is positioned well with strong financial performance and positive technical indicators. However, high leverage and a high P/E ratio present potential risks. While the company is on a positive growth trajectory, addressing leverage and cash flow challenges is crucial for long-term sustainability.

ACME Solar Holdings Ltd. Business Overview & Revenue Model

Company Description

ACME Solar Holdings Ltd. (ACMESOLAR) is a leading renewable energy company specializing in the development, construction, and operation of solar power projects. The company primarily focuses on utility-scale solar photovoltaic (PV) projects and has a diverse portfolio of solar assets across various geographies. ACME Solar is committed to providing sustainable and clean energy solutions to reduce carbon emissions and support global energy needs.

How the Company Makes Money

ACME Solar Holdings Ltd. generates revenue primarily through the sale of electricity generated from its solar power plants. The company enters into long-term power purchase agreements (PPAs) with utilities, government entities, and commercial customers, ensuring a stable and predictable revenue stream. Additionally, ACME Solar may benefit from government incentives and subsidies aimed at promoting renewable energy adoption. The company also explores opportunities for strategic partnerships and joint ventures to expand its reach and enhance its project portfolio, contributing to its financial performance.

ACME Solar Holdings Ltd. Financial Statement Overview

Summary

ACME Solar Holdings Ltd. shows strong revenue and profit growth with robust operating cash flows. However, high leverage and negative free cash flow due to capital expenditures pose risks. The balance sheet is improving, but cash flow management needs attention to ensure long-term sustainability.

Income Statement

ACME Solar Holdings Ltd. has demonstrated strong revenue growth, evidenced by a substantial increase from 10,676 million to 15,752 million in the latest year. The gross profit margin is robust, given that gross profit equaled total revenue in the most recent year. Net profit margin improved significantly, indicating enhanced profitability. However, the EBIT and EBITDA margins showed slight fluctuations, potentially due to operational efficiencies. Overall, the income statement reflects a positive growth trajectory and strong profitability metrics.

Balance Sheet

The company's debt-to-equity ratio is relatively high, suggesting a leveraged position, which could indicate higher financial risk. However, the equity ratio improved, showing a healthier balance between debt and equity as assets expanded. The return on equity has improved, reflecting better utilization of equity capital to generate profits. Although leverage remains a concern, the balance sheet shows signs of strengthening equity.

Cash Flow

ACME Solar has a mixed cash flow situation. While operating cash flow is strong and growing, the free cash flow is negative, driven by substantial capital expenditures. The operating cash flow to net income ratio indicates efficient cash generation from operations. However, the negative free cash flow suggests challenges with managing investment expenditures, which might affect liquidity in the long term.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.41B	14.05B	10.68B	12.94B	14.87B	16.92B
Gross Profit	12.75B	15.75B	10.22B	12.38B	7.47B	16.92B
EBITDA	13.51B	14.06B	19.85B	12.72B	15.71B	15.60B
Net Income	2.52B	2.52B	119.41M	-31.41M	620.34M	152.13M
Balance Sheet
Total Assets	184.04B	184.04B	134.00B	121.87B	108.87B	125.07B
Cash, Cash Equivalents and Short-Term Investments	29.16B	29.16B	10.27B	11.20B	5.64B	5.58B
Total Debt	109.76B	109.76B	85.36B	90.14B	79.15B	97.32B
Total Liabilities	138.94B	138.94B	108.09B	102.56B	88.78B	106.49B
Stockholders Equity	45.11B	45.11B	25.91B	19.01B	19.09B	18.57B
Cash Flow
Free Cash Flow	-5.14B	-17.23B	-13.89B	4.95B	-30.64B	15.60B
Operating Cash Flow	20.43B	15.43B	14.29B	12.63B	9.55B	17.46B
Investing Cash Flow	-27.87B	-39.76B	-17.31B	-14.10B	-3.74B	4.93B
Financing Cash Flow	9.68B	34.08B	2.16B	2.15B	4.20B	-20.40B

ACME Solar Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACMESOLAR	74 Outperform	₹171.91B	45.29		―	―	―
SWELECTES	70 Outperform	₹11.10B	41.35		0.40%	103.45%	-53.21%
WEBELSOLAR	62 Neutral	₹55.39B	28.62		―	397.23%	―
BORORENEW	55 Neutral	₹76.62B	―		―	7.96%	-48.06%
Sector *	54 Neutral	C$4.15B	0.97	16.40%	5.23%	10.45%	-57.37%
SWSOLAR	45 Neutral	₹64.29B	59.40		―	108.08%	―

ACME Solar Holdings Ltd. Corporate Events

ACME Solar Releases Q1 FY’26 Earnings Call Transcript

ACME Solar Holdings Limited has released the transcript of its earnings conference call for the first quarter of the fiscal year 2025-26, which was held on July 28, 2025. The conference call discussed the company’s unaudited financial results, both standalone and consolidated, for the quarter ended June 30, 2025. This release is part of the company’s regulatory obligations and provides transparency to analysts and institutional investors regarding its financial performance.

ACME Solar Publishes Q2 2025 Financial Results in Leading Newspapers

ACME Solar Holdings Limited announced the publication of its financial results for the quarter ending June 30, 2025, in prominent newspapers including Financial Express and Jansatta. This disclosure aligns with the SEBI regulations on listing obligations and aims to maintain transparency with stakeholders by providing easy access to the company’s financial performance through QR codes and weblinks.

CRISIL Assigns High Rating to ACME Solar’s Rajasthan Project

ACME Solar Holdings Limited announced that CRISIL Ratings has assigned a ‘CRISIL AA-/Stable’ rating to the long-term bank facilities of its subsidiary, ACME Raisar Solar Energy Pvt Ltd, for its 300 MW solar project in Rajasthan. The rating reflects robust revenue visibility, strong financial metrics, and a secure cash flow mechanism, supported by a 25-year Power Purchase Agreement with Solar Energy Corporation of India Limited. This rating is expected to reduce the existing cost of debt by 75 basis points, enhancing the project’s financial efficiency.

ACME Solar to Engage with Investors in Mumbai Roadshow

ACME Solar Holdings Limited has announced that its officials will participate in a non-deal roadshow in Mumbai, India, on July 7-8, 2025, to interact with investors and analysts. This engagement aims to discuss publicly available information and enhance investor relations, potentially impacting the company’s market perception and stakeholder engagement.