Acme Solar Holdings Limited
Acme Solar Holdings Limited operates in Power Generation, part of the Power sector. It booked ₹887 cr of revenue in its latest quarter (Q2 FY27) and kept 30.3% of sales as profit. It is the 7th largest of 9 Power Generation companies we track, by market value.
“to deliver long-term, ecosystems where climate and strong demographic sustainable value to all stakeholders.”
Healthier than 49% of companies in Power, on the 5 of 6 measures we could read for it. Each measure is ranked against the 22–23 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 50
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.
What if I invest in ACMESOLAR?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹887 cr |
| Other Income | ₹120 cr |
| Total Income | ₹1,007 cr |
| Cost of Materials | ₹0 cr |
| Purchases of Stock-in-Trade | ₹0 cr |
| Employee Benefit Expense | ₹18 cr |
| Finance Costs | ₹345 cr |
| Depreciation & Amortisation | ₹172 cr |
| Other Expenses | ₹116 cr |
| Total Expenses | ₹651 cr |
| Profit before Tax | ₹356 cr |
| Tax Expense | ₹87 cr |
| Net Profit | ₹269 cr |
| Net margin on total income | 26.7% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 548 cr | 858 cr | 887 cr |
| Total income | 705 cr | 954 cr | 1,007 cr |
| Expenses | 529 cr | 622 cr | 651 cr |
| Profit before tax | 190 cr | 331 cr | 356 cr |
| Tax | 52 cr | 96 cr | 87 cr |
| Net profit (owners' share) | 139 cr | 235 cr | 268 cr |
| Net margin (owners' share, on revenue) | 25.4% | 27.4% | 30.3% |
| EPS (₹) | 2.30 | 3.71 | 4.00 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| NTPC Limited | ₹322 | ₹3.12 L cr | 11.1 | 13.2% | 13.0% | — |
| Adani Green Energy Limited | ₹1,339 | ₹2.21 L cr | 83.7 | 12.5% | 15.8% | — |
| JSW Energy Limited | ₹503 | ₹92,127 cr | 21.8 | 11.5% | 16.6% | — |
| NHPC Limited | ₹79 | ₹79,758 cr | 18.2 | 10.6% | 28.8% | — |
| NTPC Green Energy Limited | ₹82 | ₹69,408 cr | 128.7 | 2.8% | 14.7% | — |
| NLC India Limited | ₹230 | ₹31,936 cr | 16.5 | 8.1% | 9.3% | — |
| Acme Solar Holdings Limitedthis company | ₹413 | ₹29,122 cr | 25.8 | 12.8% | 30.3% | — |
| SJVN Limited | ₹56 | ₹21,913 cr | 8.3 | 17.6% | 29.3% | — |
| NAVA LIMITED | ₹515 | ₹14,601 cr | 13.1 | 12.7% | 22.9% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹0.2 / share | 6 Feb 2026 |
| Dividend | ₹0.2 / share | 2 May 2025 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 12 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
The company has not broken this money down into purposes in its filing for Sep 2026, so there is nothing to measure it against yet. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.
As of Sep 2025, the company says it has spent 100% of what it set aside. ICRA Limited watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing