Acme Solar Holdings share price
NSE: ACMESOLARBSE: 544283PowerSmall Cap
Acme Solar Holdings Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Nov 2024 · Issue price ₹289
Last close ₹415.80up ₹4.65 (1.13%)BSE ₹415.35
Share price at the NSE close on 29 Oct 2026. Previous close ₹411.15.
29 Oct: open ₹417.05, high ₹432.00, low ₹411.50
52-week range of traded prices to 29 Oct 2026
₹195.90Low, 27 Jan 2026₹476.90High, 22 Sep 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹29,392 Cr394th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 38.84
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 3.51
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.05%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 11.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 5.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 3.17
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 27,12,82628.2% delivered
About Acme Solar Holdings
ACME Solar Holdings Limited builds, owns and operates utility-scale renewable power projects in India: solar, wind and hybrid plants, battery energy storage systems (BESS), and firm and dispatchable renewable energy (FDRE) projects, which add storage so power is supplied when buyers need it.12 It sells power at fixed prices under long-term power purchase agreements, mainly to government buyers such as SECI, NTPC, SJVN, NHPC and state distribution companies.12
It runs each project from bidding, land and grid connection through engineering, procurement and construction (EPC) to operation and maintenance, all in-house.3 Its operating projects are spread across 11 states, including 2,250 megawatts (MW) in Rajasthan.45
The ACME Group was set up in 2003 to supply energy management products to telecom operators and entered renewable power generation in 2009.6 ACME Solar Holdings was incorporated on 3 Jun 2015 to bring the group's renewable energy operations together, and its shares were listed on BSE and NSE on 13 Nov 2024.67
Its holding company is ACME Cleantech Solutions Private Limited, and its ultimate holding company is MKU Holdings Private Limited.7 Its promoter, Manoj Kumar Upadhyay, is the chairman and managing director.8
Acme Solar Holdings key points
Results
- In the quarter to Jun 2026, total revenue, as stated on the earnings call, rose 63% from a year earlier to ₹954 crore and EBITDA (earnings before interest, tax, depreciation and amortisation) rose 56% to ₹831 crore, both company records.9
- Profit after tax for the quarter to Jun 2026 was ₹235 crore, up 80% from a year earlier.10
- In the year to Mar 2026, consolidated revenue from operations rose 44.0% to ₹20,234 million, and total income, which adds other income, rose 59.2% to ₹25,071 million.1112
- Consolidated EBITDA, measured against total income, was ₹22,650 million in the year to Mar 2026, a 90.3% margin, against ₹14,055 million a year earlier; profit after tax was ₹4,979 million, against ₹2,508 million.1314
Plants and capacity
- As of 1 Oct 2026, the company had a contracted portfolio (projects operating or under contract) of 8,370 MW, with about 3,057 MW of generation and 4.96 gigawatt hours (GWh) of battery storage in operation.15
- Contracted portfolio of 8,070 MW at the end of Mar 2026, by technology16
Item Mar 2026 FDRE, hybrid and others 59% Solar 39% Wind 2% - In the quarter to Jun 2026, the company signed 600 MW of FDRE and hybrid power purchase agreements with SECI, taking signed agreements to 3,880 MW of the 5,080 MW under construction.17
- In the quarter to Jun 2026, the capacity utilisation factor (output against the maximum possible) was a company record of 30.9%, against 28.5% a year earlier, and generation rose 23% to 2,020 million units.18
Battery storage
- On its earnings call of 30 Jul 2026, the company said it held around 40% of India's commissioned battery storage.19
- In the quarter to Jun 2026, battery power sales brought in ₹226 crore of revenue, about 85% of it from short-term contracts and the rest from merchant sales (sold at market prices without a contract).20
- In the quarter to Jun 2026, the company signed short-term battery contracts locking in more than ₹1,400 crore of revenue for part of its battery capacity commissioned in the year to Mar 2027.21
- On its earnings call of 30 Jul 2026, the company said a fire at its ACME Suryodaya battery site came from a short circuit in AC cabling and damaged no battery systems.2223
Customers and partners
- At the end of Mar 2026, central government buyers accounted for 84% of the total portfolio, against 67% a year earlier.24
Expansion and capital spending
- On its earnings call of 30 Jul 2026, the company said it had raised its capital spending plan for the year to Mar 2027 to about ₹15,000 crore to ₹20,000 crore.25
- On its earnings call of 30 Jul 2026, the company said it had ordered more than 15 GWh of batteries from suppliers including CATL and Hithium.26
What the company expects
- On its earnings call of 30 Jul 2026, the company said it expects more than 10 GWh of battery storage commissioned by Mar 2027, nearly 3 quarters earlier than its previous target.27
- On its earnings call of 30 Jul 2026, the company said it expects to commission 1.5 GW of contracted generation capacity in the year to Mar 2027, subject to substations and transmission lines being ready on time.28
- The company stated in its annual report for the year to Mar 2026 that it targets 10 GW of generation capacity and 25 GWh of battery storage by 2030.29
Recent events
- On 27 Oct 2026, the company commissioned another 143.08 megawatt hours (MWh) of battery storage at its FDRE project in Bikaner, Rajasthan, taking it to 781.40 MWh of the project's 1,200 MWh.30
- In its exchange filing of 16 Oct 2026, the company said a subsidiary had signed a power purchase agreement with SECI for 300 MW of assured peak power at ₹6.00 per unit, for 25 years from scheduled supply start in April 2028.3132
- In its exchange filing of 2 Oct 2026, the company said Crisil Ratings revised the outlook on its long-term bank loan rating (a view of its ability to repay) to positive from stable, reaffirming AA-.33
- On 4 Jun 2026, the company allotted shares in a qualified institutions placement (a sale of new shares to large institutional investors), raising about ₹28,000 million at ₹279.50 a share.343536
Litigation and regulatory matters
- At the end of March 2026, subsidiaries carried a deferred customs duty liability of ₹22,587.29 million on solar modules and batteries imported under MOOWR, a scheme deferring import duty.37
- The Delhi High Court on 6 May 2024 quashed a 2022 customs instruction against using MOOWR for solar projects; as of its accounts approved on 7 May 2026, the customs appeal to the Supreme Court was yet to be listed.3839
Last updated
All 39 sources, each with its page
- 1. Annual report, 3 Sep 2026, page 11
- 2. Annual report, 3 Sep 2026, page 153
- 3. Annual report, 3 Sep 2026, page 81
- 4. Annual report, 3 Sep 2026, page 33
- 5. Annual report, 3 Sep 2026, page 83
- 6. Annual report, 3 Sep 2026, page 28
- 7. Annual report, 3 Sep 2026, page 313
- 8. Annual report, 3 Sep 2026, page 184
- 9. Earnings call, 30 Jul 2026, page 3
- 10. Earnings call, 30 Jul 2026, page 3
- 11. Annual report, 3 Sep 2026, page 83
- 12. Annual report, 3 Sep 2026, page 45
- 13. Annual report, 3 Sep 2026, page 83
- 14. Annual report, 3 Sep 2026, page 45
- 15. Exchange filing, 1 Oct 2026, page 2
- 16. Annual report, 3 Sep 2026, page 81
- 17. Earnings call, 30 Jul 2026, page 4
- 18. Earnings call, 30 Jul 2026, page 4
- 19. Earnings call, 30 Jul 2026, page 4
- 20. Earnings call, 30 Jul 2026, page 4
- 21. Earnings call, 30 Jul 2026, page 4
- 22. Earnings call, 30 Jul 2026, page 4
- 23. Earnings call, 30 Jul 2026, page 5
- 24. Annual report, 3 Sep 2026, page 81
- 25. Earnings call, 30 Jul 2026, page 3
- 26. Earnings call, 30 Jul 2026, page 6
- 27. Earnings call, 30 Jul 2026, page 5
- 28. Earnings call, 30 Jul 2026, page 6
- 29. Annual report, 3 Sep 2026, page 83
- 30. Exchange filing, 27 Oct 2026, page 1
- 31. Exchange filing, 16 Oct 2026, page 1
- 32. Exchange filing, 16 Oct 2026, page 2
- 33. Exchange filing, 2 Oct 2026, page 1
- 34. Annual report, 3 Sep 2026, page 12
- 35. Annual report, 3 Sep 2026, page 89
- 36. Annual report, 3 Sep 2026, page 91
- 37. Annual report, 3 Sep 2026, page 405
- 38. Annual report, 3 Sep 2026, page 405
- 39. Annual report, 3 Sep 2026, page 313
Results
Consolidated; ₹ crore.Acme Solar Holdings quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +53.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- –
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹887 Crup 3.44%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹269 Crup 14.16%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 30.3%
Revenue by quarter
Peak revenue ₹887 Cr, quarter to Sep 2026; lowest ₹349 Cr, quarter to Dec 2024
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 349 | 487 | 511 | 468 | 497 | 548 | 858 | 887 |
| Net profit | 112 | 122 | 131 | 115 | 114 | 138 | 235 | 269 |
| Net margin | 32.1% | 25.1% | 25.6% | 24.6% | 22.9% | 25.2% | 27.4% | 30.3% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,023 Crup 44.00%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹498 Crup 98.50%
- Net margin
- 24.6%
Revenue by year
Peak revenue ₹2,023 Cr, year to Mar 2026; lowest ₹1,405 Cr, year to Mar 2025
Net profit by year, a loss in red
| ₹ crore | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue | 1,405 | 2,023 |
| Net profit | 251 | 498 |
| Net margin | 17.9% | 24.6% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Sale of Electricity through Renewable Projects, which carries all its revenue.
Valuation
Today, against the company's own history.Acme Solar Holdings PE ratio and valuation
Price to earnings
At or below today's level on 44% of 185 trading days since Jan 2026.
LowestHighest
Its median42.78Industry median19.87
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 9% of 247 trading days over the last year.
LowestHighest
Its median0.07%Industry median1.63%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +36.3% | +97.8% | −31.1% | 0.1% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual fund holdings
86 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 44 of the 57 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 86 funds holding Acme Solar Holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 13
- CutCut. Funds that held fewer shares than at the end of the month before.
- 44
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 27
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
 Nippon India Small Cap FundNippon India Mutual Fund | 2,44,87,415 | 1.33% | ₹1,075.0 Cr |
 HDFC Flexi Cap FundHDFC Mutual Fund | 1,57,58,799 | 0.64% | ₹691.8 Cr |
 SBI Dividend Yield FundSBI Mutual Fund | 74,77,638 | 4.07% | ₹328.3 Cr |
 HSBC Midcap FundHSBC Mutual Fund | 50,99,318 | 1.33% | ₹223.9 Cr |
| SBI Large & Midcap FundSBI Mutual Fund | 47,00,000 | 0.51% | ₹206.3 Cr |
| Nippon India Power & Infra FundNippon India Mutual Fund | 39,03,770 | 2.18% | ₹171.4 Cr |
 ICICI Prudential Energy Opportunities FundICICI Prudential Mutual Fund | 38,69,183 | 2.12% | ₹169.9 Cr |
 Kotak-Small Cap FundKotak Mahindra Mutual Fund | 38,51,475 | 0.88% | ₹169.1 Cr |
| HDFC Multi Cap FundHDFC Mutual Fund | 35,00,000 | 0.79% | ₹153.7 Cr |
| HDFC Value FundHDFC Mutual Fund | 30,00,000 | 1.64% | ₹131.7 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 30 Oct 2025.Acme Solar Holdings insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 3 pledge filings of unclear kind · 1 off-market move
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Acme Solar Holdings competitors and peers
Power Generation, 36 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Acme Solar Holdings in market cap.Power stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 JSW EnergyJSWENERGY | 93,508 | 40.33 | 2.55 | +26.4% | +14.6% | 7.0% | 6.0% | 0.39% |
 NHPCNHPC | 77,548 | 20.43 | 1.87 | +12.0% | +24.1% | 9.4% | 3.6% | 2.09% |
 NTPC Green EnergyNTPCGREEN | 70,722 | 116.52 | 3.73 | – | – | 3.2% | 3.4% | 0.00% |
 NLC IndiaNLCINDIA | 32,967 | – | 1.53 | +16.8% | – | – | 6.8% | 1.62% |
 SJVNSJVN | 20,592 | 32.21 | 1.45 | +60.5% | −7.4% | 4.5% | 5.1% | 2.86% |
 Clean Max Enviro Energy SolutionsCLEANMAX | 14,842 | – | 3.20 | – | – | – | – | 0.00% |
 NavaNAVA | 14,737 | 19.50 | 1.69 | +9.0% | −27.6% | 9.2% | 9.7% | 1.63% |
 Juniper Green EnergyJNPR | 14,211 | – | – | – | – | – | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Acme Solar Holdings dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹0.20 a share, years to Mar 2025 and Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 6 Feb 2026 | Interim | ₹0.20 |
| 2 May 2025 | Interim | ₹0.20 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Acme Solar Holdings announcements
Oct 2026
30 Oct · Updates
29 Oct · Business
28 Oct · Business
28 Oct · Business
Acme Solar Holdings share price by year
Each calendar year to 2025.Acme Solar Holdings share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 237.49 | +0.8% | 318.80 | 173.85 |
| 2024 | 235.65 | – | 280.90 | 228.85 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2024 is from its first session, 13 Nov 2024.
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 421.65 | 422.15 | 405.20 | 411.15 | 411.18 | 6,75,453 | 44.9% |
| 27 Oct 2026 | 382.15 | 424.85 | 379.30 | 416.05 | 403.76 | 23,00,027 | 53.2% |
| 26 Oct 2026 | 372.50 | 384.45 | 366.30 | 382.15 | 375.78 | 11,29,542 | 49.4% |
| 23 Oct 2026 | 386.50 | 387.20 | 368.00 | 371.85 | 374.37 | 11,46,674 | 58.5% |
| 22 Oct 2026 | 405.00 | 405.00 | 385.35 | 388.80 | 392.93 | 10,98,608 | 54.4% |
| 21 Oct 2026 | 422.75 | 423.70 | 395.35 | 403.50 | 405.59 | 7,20,493 | 44.3% |
| 19 Oct 2026 | 407.90 | 422.00 | 402.85 | 417.75 | 416.15 | 15,32,890 | 54.4% |
| 16 Oct 2026 | 407.00 | 411.95 | 398.00 | 410.00 | 407.17 | 5,39,004 | 46.7% |
| 15 Oct 2026 | 422.00 | 422.00 | 405.00 | 407.60 | 411.10 | 4,53,835 | 53.6% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- ACMESOLAR
- BSE code
- 544283
- ISIN
- INE622W01025
- Industry
- Power
- Website
- www.acmesolar.in
- CIN
- L40106HR2015PLC102129
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2015
- Registered office
- Plot No. 152, Sector 44, Gurugram 122002, Haryana
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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