ACME Solar Holdings share price today

ACME Solar Holdings Ltd's share price was ₹421.00 at the close on 4 November 2026. It has been rising for 29 weeks. That is 21.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹199 and ₹443, and at that close it sat 91% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today ACME Solar Holdings Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 15 weeks in a row.

Over the last 2 years the share price moved +84% while the NIFTY 500 moved +0%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 8 quarters in a row, lowest operating margin in 8 quarters and profit up on a year earlier for 6 quarters in a row.

1. Revenue up on a year earlier for 8 quarters in a row

   In the September 2026 quarter revenue was ₹887 crore, +89.5% on a year earlier.

   Why: Revenue rose because the company generated and sold more electricity, including power from batteries it has just started running.

   Next results: check how much of the new battery capacity is tied to contracts and what tariffs it earns.

   From the earnings call on 29 Oct 2026.

2. Lowest operating margin in 8 quarters

   Operating margin was 85% in the September 2026 quarter, against 86% a year earlier.

   Why: The margin dipped because battery storage earns less than the renewable business since the company pays for power to charge the batteries.

   Next results: check what tariffs the battery contracts actually earn, since storage has a lower margin.

   From the earnings call on 29 Oct 2026.

3. Profit up on a year earlier for 6 quarters in a row

   In the September 2026 quarter profit was ₹269 crore, +133.9% on a year earlier.

   Why: Profit rose because the company sold more power, including battery sales.

   Next results: check whether interest cost stays flat as more battery projects start running.

   From the earnings call on 29 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), ACME Solar Holdings reported revenue of ₹887 crore, up 89.5% from ₹468 crore a year earlier, and a profit of ₹269 crore, up 133.9% from ₹115 crore.

ACME Solar Holdings results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

ACME Solar Holdings' management discussed these results on a call held on 29 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

ACME Solar Holdings closed at ₹421.00 on 4 November 2026, up 58.8% from ₹265.10 a year earlier (7 November 2025). Its highest weekly close since November 2024 was ₹442.90 on 25 September 2026.

ACME Solar Holdings share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

111 weekly closes from 14 November 2024 to 4 November 2026.

4 Nov 2026: ACME Solar Holdings closed at ₹421.00, up 4.0% on the week and down 2.7% on the month. 29 Oct 2026: ACME Solar Holdings held its results call for July to September 2026. Management guided: BESS commissioning above 12 GWh in FY27 with full capitalization within the year.

Earlier

• Results for July to September 2026: Revenue up 89.5% and profit up 133.9% on a year earlier.
• Our read, 22 Aug 2026: ACME’s storage ramp and contracted renewable build can lift earnings, but the case depends on delivery against repeatedly revised battery milestones.
• 6 Feb 2026: ex-date for an interim dividend of ₹0.20 a share.

Our read of the business

The latest reported quarter combines higher revenue and profit with a still-high operating margin.,Battery sales are now visible, while signed capacity and contracted financing support the construction programme.,The key discount is execution credibility: battery goals and storage requirements have changed faster than disclosed operating proof.

Latest quarter: Reported revenue and profit accelerated while storage monetization and commissioning became the central execution tests.

Our read after the latest results, written 22 August 2026.

ACME Solar Holdings paid ₹0.20 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.05% at the ₹421.00 close on 4 November 2026. The last was an interim dividend of ₹0.20 a share, ex-date 6 February 2026.

ACME Solar Holdings dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Not in its latest year. ACME Solar Holdings Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 7 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 29 October 2026, ACME Solar Holdings' management guided: BESS commissioning above 12 GWh in FY27 with full capitalization within the year.

“On a rolling basis, we expect to operate around 10 gigawatt-hours of BESS, subject to tariff realization. Its cash flows fund our growth and reduce the equity needed for new projects, making this a self-financing platform.”Manoj Kumar Upadhyay, Chairman, on the call for July to September 2026

What management guided

• Renewable base to 15 GW with 50 GWh BESS by 2030.
• Full generation commissioning around 1.5 GW in FY27 plus or minus a quarter on grid readiness with partial at 2.5 to 3 GW.
• Second-half capital spending at or above first-half run-rate on battery deliveries and module installs.
• Full generation additions of 2.5 to 3 GW in FY28 as key substations turn live between June and December.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 29 October 2026.

What is changing at ACME Solar Holdings, from the latest results and calls: storage monetization, contracted renewable commissioning and receivables improvement.

• Storage monetization. Battery power sales and contracted storage capacity can add a new earnings stream before linked solar assets are fully commissioned. ⚠ estimate
• Contracted renewable commissioning. Signed renewable capacity and construction financing provide a pipeline for generation growth once grid access and commissioning gates clear. ⚠ estimate
• Receivables improvement. Lower debtor days can reduce funding pressure while the asset base is built. ⚠ estimate
• Refinancing and project funding. Lower-cost refinancing can soften the interest burden as commissioned assets enter service. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 22 August 2026.

The thesis breaks if subsequent reported results fail to show commissioned storage or renewable capacity converting into revenue while debt-funded capital spending continues to rise.

Each change stops working if

• Storage monetization: Battery commissioning or contract conversion falls behind the stated programme, or merchant spreads narrow before PPAs are signed.
• Contracted renewable commissioning: Grid access or PPA conversion delays keep completed equipment from entering commercial operation.
• Receivables improvement: Receivable days rise as the customer mix changes or payments slow.
• Refinancing and project funding: Funding costs rise or debt increases without timely operational commissioning.

The main risks

• Battery guidance credibility: The battery goal has been moved forward despite earlier delivery gaps and limited reconciliation. ⚠ estimate
• Merchant storage realization risk: Early storage revenue has merchant and short-term exposure before long-term PPAs absorb all capacity. ✓ fact
• Debt-funded construction: Operating cash is being reinvested into capital spending while borrowings have risen with the asset build. ⚠ estimate
• Other-income optical profit risk: Several earlier quarters carried material non-operating income, so reported profit growth needs an operating bridge. ⚠ estimate

Our read after the latest results, written 22 August 2026.

When ACME Solar Holdings reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Full FY27 generation commissioning against guided level - track Fatehgarh-II grid-access timing and any quarter shift.

ACME Solar Holdings is on 3 of our India lists: Momentum stocks, Small & mid cap stocks and Power & green energy stocks.

ACME Solar Holdings Ltd earned ₹269 Cr of net profit in the Sep 2026 quarter, +133.9% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY26 profit was ₹498 Cr. Over 6 years profit has grown 34.0% a year on average. That is 30.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹115 Cr.

For the full year, FY26 profit was ₹498 Cr (+98.4% on the year before).

Why profit moved: revenue changed +89.5% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +57.1% and revenue +53.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

ACME Solar Holdings Ltd reported ₹887 Cr of revenue in the Sep 2026 quarter, +89.5% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 6 years it has grown 2.2% a year on average. The last full year, FY26, came in at ₹2,023 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Management reported battery power sales and stated that most of the planned storage capacity had revenue contracts. The driver works only if commissioning and contracting translate into reported operating cash flow rather than temporary merchant exposure.

The last four reported quarters add to ₹2,790 Cr.

FY26 revenue was ₹2,023 Cr, +44.0% on the year before.

Recent pace: the last four quarters grew +53.1% on average, against 2.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +53.7%, against +52.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +57.5%, against +13.0% a year (accelerating).

ACME Solar Holdings Ltd's operating margin was 85.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 7 years it has been between 83.0% and 93.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Management cited signed capacity under construction and financing tied to the PPA-signed portfolio. The operating-leverage catapult applies only after assets are commissioned; transmission and GNA availability remain the limiting gates.

Why the margin moved: operating margin changed −0.6 percentage points on the year while gross margin changed −7.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 292% of ACME Solar Holdings Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,249 Cr of operating cash against ₹498 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹6,881 Cr of spending on assets, free cash was −₹5,632 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 292% of profit came in as cash: the cash cycle got 96 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 11.6× depreciation over three years. The next section checks what that spending is building.

ACME Solar Holdings Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 60 days in FY26, down from 156 days in FY21. It spent ₹12,375 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,023 Cr, each day of that cycle ties up about ₹5.5 Cr, so roughly ₹333 Cr is tied up in the business at any time.

Spending on assets: ₹12,375 Cr over the last 3 years, against ₹1,063 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹4,358 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

ACME Solar Holdings Ltd's P/E is 39.6×, near the low end of its own history: it has been lower only 30% of the time. Its usual P/E (the middle reading) is 45.5×, over 2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹11.31.

Why the multiple is where it is: over the past year earnings per share moved +97.4% while the price moved +58.8%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Worked out from its price on 25 August 2026, ACME Solar Holdings Ltd's share price assumed profit growth of about 28.8% a year. Over the past 6 years its profit actually grew 34.0% a year. Today its P/E is 39.6×, lower than 70% of its own last 2 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 25 August 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

ACME Solar Holdings Ltd's business is giving mixed signals. Growth has been steadily positive, but ROCE at 8.6% is below the 15% level needed to call it steady growth. This is based on 10 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

ACME Solar Holdings Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: PEAK PASSED RECOVERY. Still open: The thesis breaks if subsequent reported results fail to show commissioned storage or renewable capacity converting into revenue while debt-funded capex continues to rise.

NOT YET CHECKED

Our read, 22 August 2026. ACME’s storage ramp and contracted renewable build can lift earnings, but the case depends on delivery against repeatedly revised battery milestones.

From the numbers. The deterministic curve class is PEAK PASSED, while the normalized verdict is…

From the price. Price stage 2, week 29, above its 200-day line, relative strength falling.

From the research. ACME’s storage ramp and contracted renewable build can lift earnings, but the case depends on delivery against repeatedly revised battery milestones.

Where they disagree. Institutional stake-cutting and execution risk temper the recovery interpretation.

What is proven. ACME’s storage ramp and contracted renewable build can lift earnings, but the case depends on delivery against repeatedly revised battery milestones.

What is not proven yet. The thesis breaks if subsequent reported results fail to show commissioned storage or renewable capacity converting into revenue while debt-funded capex continues to rise.

What would change our mind. The thesis breaks if subsequent reported results fail to show commissioned storage or renewable capacity converting into revenue while debt-funded capex continues to rise.

The test written in advance. The thesis breaks if subsequent reported results fail to show commissioned storage or renewable capacity converting into revenue while debt-funded capex continues to rise. Measured by: the thesis as written as stated by the next result.

The test written in advance. Battery guidance credibility. Measured by: Battery guidance credibility Cumulative commissioned storage capacity versus the stated fiscal-year objective. by the next result.

The test written in advance. Merchant storage realization risk. Measured by: Merchant storage realization risk Battery revenue mix between contracted, short-term, and merchant sales. by the next result.

What the company does. The latest reported quarter combines higher revenue and profit with a still-high operating margin. Battery sales are now visible, while signed capacity and contracted financing support the construction programme. The key discount is execution credibility: battery goals and storage requirements have changed faster than disclosed operating proof.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

What the surface reading misses. The research reads it further: Normalized earnings are lower than trailing earnings because the normalized bridge reduces other income and uses a higher mid-cycle operating margin assumption only cautiously.

What the surface reading misses. The surface reading is: A high operating margin can look like proof of durable profitability. The research reads it further: The deterministic bridge places current trailing margin below its normalized estimate but finds only a limited history, so neither a peak-margin nor trough-margin verdict is reliable.

• 1 · Operating leveragequiet
• 2 · Value-added mixbuilding
• 3 · Management changebuilding
• 4 · Paying down debtquiet
• 5 · Regulatory approvalquiet
• 6 · Order-book winsbuilding
• 7 · Consolidationbuilding
• 8 · Demerger or value unlockquiet
• 9 · Buybackquiet
• 10 · New geographiesquiet
• 11 · More business from existing customersquiet
• 12 · New product launchquiet
• 13 · Mandatory normsquiet
• 14 · A bigger market to servequiet
• 15 · Market-share gainsquiet
• 16 · Asset qualityquiet

Lever 6 · Order-book wins: building. Battery power sales and contracted storage capacity can add a new earnings stream before linked solar assets are fully commissioned. What proves it keeps working: Storage monetization. It stops working if Battery commissioning or contract conversion falls behind the stated programme, or merchant spreads narrow before PPAs are signed.

Lever 2 · Value-added mix: building. Signed renewable capacity and construction financing provide a pipeline for generation growth once grid access and commissioning gates clear. What proves it keeps working: Contracted renewable commissioning. It stops working if Grid access or PPA conversion delays keep completed equipment from entering commercial operation.

Lever 3 · Management change: building. Lower debtor days can reduce funding pressure while the asset base is built. What proves it keeps working: Receivables improvement. It stops working if Receivable days rise as the customer mix changes or payments slow.

Lever 7 · Consolidation: building. Lower-cost refinancing can soften the interest burden as commissioned assets enter service. What proves it keeps working: Refinancing and project funding. It stops working if Funding costs rise or debt increases without timely operational commissioning.

Sources: our stock research file (22 August 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

What ACME Solar Holdings Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

FY27 BESS Commissioning Guidance Raised · 29 October 2026. In Jul 2026, management guided to more than 10 gigawatt-hours of BESS commissioning for FY27 after already bringing forward the prior calendar-year 2027 milestone. In Oct 2026, it raised the goal to more than 12 gigawatt-hours, roughly a 20% increase; although early deployment is cited, the call does not provide a quantified bridge in deliveries, capex, or project readiness for the new goal.

2030 Renewable and Storage Roadmap Expanded · 29 October 2026. In Jul 2026, management described the 2030 expansion only as a contemplated increase beyond 10 gigawatts and said it would provide an update later. In Oct 2026, it established a specific 15-gigawatt renewable and 50-gigawatt-hour storage goal, implying a 50% increase over the 10-gigawatt reference and a major expansion of the storage plan; the explanation does not quantify the incremental capital or return framework needed to support the revised roadmap.

BESS Cost Outlook Reversed · 29 October 2026. In Jul 2026, management said future BESS costs could rise by 5% to 10%, while in Oct 2026 it said costs would decline.

BESS Commissioning Milestone Brought Forward · 30 July 2026. The timing of the more-than-10-GWh BESS milestone has been materially accelerated without explaining what operational change supports the earlier delivery. In January 2026, management planned this milestone by calendar year 2027, whereas in July 2026 it moved the goal to fiscal year 2027, bringing it forward by nearly three quarters and changing the timing assumptions for commissioning and monetization.

Every quote above is taken word for word from the company’s own earnings calls.

ACME Solar Holdings Ltd earned a ROCE of 9% in FY26. That is up from a low of 7% in FY22. Its return on capital used (ROIC) is 7.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 24.6% net margin and 0.07× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 24.6% net margin × 0.07× asset turnover × 5.56× leverage (assets divided by equity) ≈ 9.6% on equity. The margin does most of the work; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 4.5% − 12.0% = −7.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

ACME Solar Holdings Ltd has total debt of ₹27,596 Cr against shareholder equity of ₹8,361 Cr as of Sep 2026, so its debt is 3.30× its equity. Year by year, that ratio went from 3.29 in FY24 to 3.93 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Promoters cut their stake in ACME Solar Holdings Ltd by 12.0 percentage points over 7 quarters, the biggest change among its owners. Promoters now own 71.4% of the company. Domestic institutions moved +10.5 points over the same period, to 17.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Why this happened. The cash review shows receivable days falling across the available annual series, and management attributes the improvement to central off-takers. This supports cash conversion, although it does not eliminate the capex funding requirement.

Over the last two years: Promoters: −12.0 points over 7 quarters, to 71.4%; Domestic institutions: +10.5 points over 7 quarters, to 17.5%; Foreign institutions: +0.9 points over 7 quarters, to 6.4%.

Why the owners changed: promoters drove it (−12.0 points), with the other side taken by domestic institutions (+10.5 points). They reduced their stake.

For ACME Solar Holdings Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

65.4 out of 100, rank 1 of 21 in Power - Generation/Distribution, with 83% of the evidence available.

ACME Solar Holdings Ltd scores 65.4 out of 100 against the 21 companies it is compared with in Power - Generation/Distribution, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 20.5 + 15.6 + 9.3 + 20 = 65.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

ACME Solar Holdings ranks 1 of 21 Power - Generation/Distribution companies on the 4-Factor Sector Score, with 65.4 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Power - Generation/Distribution, all 21 compared on one page.

ACME Solar Holdings is the 10th largest of 21 Power - Generation/Distribution companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: NTPC Green Energy, Torrent Power and NLC India. Just below it: SJVN, CESC and Jaiprakash Power Ventures.

Power - Generation/Distribution companies close in size

7. NTPC Green Energy Ltd ₹69,467 crore
8. Torrent Power Ltd ₹59,103 crore
9. NLC India Ltd ₹31,608 crore
10. ACME Solar Holdings Ltd ₹28,614 crore
11. SJVN Ltd ₹20,981 crore
12. CESC Ltd ₹16,521 crore
13. Jaiprakash Power Ventures Ltd ₹8,718 crore

All 21 Power - Generation/Distribution companies, largest first

Companies close in size in other industries

286. Escorts Kubota Ltd ₹28,824 crore · Auto - Tractors
287. Housing & Urban Development Corporation Ltd ₹28,641 crore · Finance - Housing
288. ACME Solar Holdings Ltd ₹28,614 crore
289. Exide Industries Ltd ₹28,518 crore · Auto Ancillaries - Batteries
290. Tata Investment Corporation Ltd ₹28,475 crore · Finance - Holding Company

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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