Regulatory
MEDIUMTrigger: BESS is an emerging asset class with unsettled tax treatment in India — a GST reclassification would reduce net yields on merchant BESS revenue
Monitor: regulatory
ACME Solar Holdings Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +29.0%Average7w Streak
In , ACME Solar Holdings Ltd (Engineering - Turnkey Services) is outperforming Nifty 500 with +29.0% relative strength. Fundamentals: Average. On a 7-week streak.
ACME Solar Holdings Ltd Key Facts
- PE Ratio
- 34.5x
- Market Cap
- ₹17,137 Cr
- PAT Growth YoY
- +13%
- Revenue Growth YoY
- +13%
- OPM
- 87.0%
- RS vs Nifty 500
- +29.0%
Strong Opportunity
What's Happening
💎PE falling while earnings hold — value emerging
💪Debt reduced 35% YoY — balance sheet strengthening
🌐FII stake increased 2.0% this quarter
💰Trading 21% above estimated fair value — significant premium
Key Risks
1. Regulatory
MEDIUM2. Commodity
LOW3. Geopolitical
LOWKey Numbers
PAT Growth YoY
+13%
Stable
Revenue YoY
+13%
Stable
Operating Margin
87.0%
-300 bps YoY
PE Ratio
34.5
Current Price
₹283
Dividend Yield
0.07%
Fundamental Score
43/100
Average
3Y PAT CAGR
+80%
Market Cap
17.1K Cr
Valuation
Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
What Are the Key Risks for ACME Solar Holdings Ltd?
Earnings deceleration risks from management commentary
Commodity
LOWTrigger: Rising module costs or supply chain disruptions from China could increase capex per MW; but current trends are favorable
Monitor: commodity
Geopolitical
LOWTrigger: State discom financial stress can cause periodic curtailments, delayed payments, and grid availability issues — concentrated in weak credit states
Monitor: geopolitical
Fx
MEDIUMTrigger: Any sharp INR depreciation event would increase per-MW capex costs and compress project IRRs below the targeted 14-15% EBITDA-to-CAPEX yield
Monitor: fx
Logistics
LOWTrigger: Large-scale renewable projects face land acquisition, grid connectivity delays, and equipment logistics challenges — ACME's pre-secured position mitigates most near-term risk
Monitor: logistics
What Is ACME Solar Holdings Ltd's Management Saying?
Key quotes from recent conference calls
“ACME Solar Holdings Secures Interim Stay on GST Show Cause Notice from Rajasthan High Court 7 days ago [Risk (regulatory): MEDIUM]”
“Falling battery prices (down from over USD200/kWh in CY18 to ~USD115/kWh in CY24 to ~USD100/kWh now) are leading to savings in capex, thus boosting project IRR [Risk (commodity): LOW]”
“Despite a one-time Rs 17.5 crore curtailment loss at the Sikar project, the overall portfolio remained robust with CUF improving to 24.3% [Risk (geopolitical): LOW]”
“Company has outlined an aggressive capex program of Rs 12,000-15,000 crore annually over FY26-FY27 to fund its 7 GW expansion. Funding will follow a 75:25 debt-equity structure [Risk (fx): MEDIUM]”
How Fast Is ACME Solar Holdings Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +13% | +16% | Stable |
| PAT (Net Profit) | +13% | +80% | Stable |
| OPM | 87.0% | -300 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 30, 2026.
Frequently Asked Questions: ACME Solar Holdings Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were ACME Solar Holdings Ltd's latest quarterly results?
ACME Solar Holdings Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: +13.1% (stable)
- Revenue Growth YoY: +12.5%
- Operating Margin: 87.0% (stable)
Is ACME Solar Holdings Ltd's profit growing or declining?
ACME Solar Holdings Ltd's profit is growing with an stable trend.
- PAT Growth YoY: +13.1% (latest quarter)
- PAT Growth QoQ: +21.1% (sequential)
- 3-Year PAT CAGR: +80.0%
- Trend: Stable — consistent growth pattern
What is ACME Solar Holdings Ltd's revenue growth trend?
ACME Solar Holdings Ltd's revenue growth trend is stable.
- Revenue Growth YoY: +12.5%
- Revenue Growth QoQ: +10.3% (sequential)
- 3-Year Revenue CAGR: +16.0%
How is ACME Solar Holdings Ltd's operating margin trending?
ACME Solar Holdings Ltd's operating margin is stable.
- Current OPM: 87.0%
- OPM Change YoY: -3.0% basis points
- OPM Change QoQ: -2.0% basis points
What is ACME Solar Holdings Ltd's 3-year profit and revenue CAGR?
ACME Solar Holdings Ltd's long-term compounding rates
- 3-Year Profit CAGR: +80.0%
- 3-Year Revenue CAGR: +16.0%
Is ACME Solar Holdings Ltd's growth accelerating or decelerating?
ACME Solar Holdings Ltd's earnings growth is stable with improving on a sequential basis.
- YoY Acceleration: +11.3% bps
- Sequential Acceleration: +22.0% bps
- Margin Warning: Operating margins are under pressure
What is ACME Solar Holdings Ltd's trailing twelve month (TTM) performance?
ACME Solar Holdings Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹498 Cr
- TTM PAT Growth: +99.2% YoY
- TTM Revenue: ₹2,000 Cr
- TTM Revenue Growth: +44.0% YoY
- TTM Operating Margin: 88.0%
Is ACME Solar Holdings Ltd overvalued or undervalued?
ACME Solar Holdings Ltd appears overvalued based on our fair value analysis.
- Valuation Signal: Overvalued
- Current PE: 34.5x
- Price-to-Book: 3.4x
What is ACME Solar Holdings Ltd's current PE ratio?
ACME Solar Holdings Ltd's current PE ratio is 34.5x.
- Current PE: 34.5x
- Market Cap: 17.1K Cr
- Dividend Yield: 0.07%
How does ACME Solar Holdings Ltd's valuation compare to its history?
ACME Solar Holdings Ltd's current PE is 34.5x.
- Current PE: 34.5x
- Valuation Assessment: Overvalued
What is ACME Solar Holdings Ltd's price-to-book ratio?
ACME Solar Holdings Ltd's price-to-book ratio is 3.4x.
- Price-to-Book (P/B): 3.4x
- Book Value per Share: ₹84
- Current Price: ₹283
Is ACME Solar Holdings Ltd a fundamentally strong company?
ACME Solar Holdings Ltd is rated Average with a fundamental score of 43.06/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +12.5% (10% weight)
- PAT Growth YoY: +13.1% (10% weight)
- PAT Growth QoQ: +21.1% (10% weight)
- Margins stable (10% weight)
Is ACME Solar Holdings Ltd debt free?
ACME Solar Holdings Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹20,000 Cr
What is ACME Solar Holdings Ltd's return on equity (ROE) and ROCE?
ACME Solar Holdings Ltd's return ratios over recent years
- FY2024: ROCE 8.0%
- FY2025: ROCE 8.0%
- FY2026: ROCE 9.0%
Is ACME Solar Holdings Ltd's cash flow positive?
ACME Solar Holdings Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹1,000 Cr
- Free Cash Flow (FCF): ₹-6,000 Cr
- CFO/PAT Ratio: 251% (strong cash conversion)
What is ACME Solar Holdings Ltd's dividend yield?
ACME Solar Holdings Ltd's current dividend yield is 0.07%.
- Dividend Yield: 0.07%
- Current Price: ₹283
Who holds ACME Solar Holdings Ltd shares — promoters, FII, DII?
ACME Solar Holdings Ltd's shareholding pattern (Mar 2026)
- Promoters: 83.3%
- FII (Foreign): 3.6%
- DII (Domestic): 7.0%
- Public: 6.0%
Is promoter holding increasing or decreasing in ACME Solar Holdings Ltd?
ACME Solar Holdings Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 83.3% (Mar 2026)
- Previous Quarter: 83.3% (Dec 2025)
- Change: 0.00% (stable)
How long has ACME Solar Holdings Ltd been outperforming Nifty 500?
ACME Solar Holdings Ltd has been outperforming Nifty 500 for 7 consecutive weeks, indicating building momentum.
Is ACME Solar Holdings Ltd a new momentum entry or an established outperformer?
ACME Solar Holdings Ltd is an established outperformer with 7 weeks of consecutive Nifty 500 outperformance.
What are the key risks in ACME Solar Holdings Ltd?
ACME Solar Holdings Ltd has 5 key risks worth monitoring
- [MEDIUM] Regulatory — BESS is an emerging asset class with unsettled tax treatment in India — a GST reclassification would reduce net yields on merchant BESS revenue
- [LOW] Commodity — Rising module costs or supply chain disruptions from China could increase capex per MW; but current trends are favorable
- [LOW] Geopolitical — State discom financial stress can cause periodic curtailments, delayed payments, and grid availability issues — concentrated in weak credit states
- [MEDIUM] Fx — Any sharp INR depreciation event would increase per-MW capex costs and compress project IRRs below the targeted 14-15% EBITDA-to-CAPEX yield
What did ACME Solar Holdings Ltd's management say in the latest earnings call?
In Q3 FY26, ACME Solar Holdings Ltd's management highlighted
- "ACME Solar Holdings Secures Interim Stay on GST Show Cause Notice from Rajasthan High Court 7 days ago [Risk (regulatory): MEDIUM]"
- "Falling battery prices (down from over USD200/kWh in CY18 to ~USD115/kWh in CY24 to ~USD100/kWh now) are leading to savings in capex, thus boosting pr..."
- "Despite a one-time Rs 17.5 crore curtailment loss at the Sikar project, the overall portfolio remained robust with CUF improving to 24.3% [Risk (geop..."
Is ACME Solar Holdings Ltd worth studying for long term investment?
Based on quantitative research signals, here is why ACME Solar Holdings Ltd may be worth studying
- Earnings growing at +13.1% YoY
- Cash flow is positive — CFO ₹1,000 Cr
What is the investment thesis for ACME Solar Holdings Ltd?
ACME Solar Holdings Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +12.5% YoY
Risk Factors (Bear Case)
- Margins under pressure
- Appears overvalued
- Key risk: Regulatory
What is the future outlook for ACME Solar Holdings Ltd?
ACME Solar Holdings Ltd's forward outlook based on current data signals
- Earnings Trend: stable
- Revenue Trend: stable
- Margin Trend: stable
- Valuation: Overvalued
- Key Risk: Regulatory
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.