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Acme Solar Holdings Ltd.

PowerPower Generation/Distribution

www.acmesolar.in BSE: 544283NSE: ACMESOLAR

₹415.25BSE0.89%

16 Sep, 4:01 PM

₹415.25

₹29.50K Cr

48.90

3.68

10.53%

₹425.00

₹412.00

₹430.40

₹195.65

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Price Performance

Peer Comparison

Name
ADANI POWER ADANIPOWER	202.35	27.37	3,90,225.80	0.00	4,866.60	47.24%	18,901.89	33.97%	17.79
NTPC LTD NTPC	327.00	11.42	3,17,080.98	2.75	6,896.44	12.90%	50,740.96	7.81%	8.52
POWER GRID POWERGRID	263.50	15.42	2,45,070.91	3.42	3,598.42	-0.89%	11,496.72	2.68%	9.74
ADANIGREEN ADANIGREEN	1,269.60	117.22	2,09,125.48	0.00	983.00	19.30%	4,431.00	16.61%	9.90
ADANIENSOL ADANIENSOL	1,350.00	56.56	1,65,098.85	0.00	1,236.56	129.44%	9,711.08	42.41%	9.71
TATA POWER TATAPOWER	361.00	29.86	1,15,351.76	0.69	1,400.86	10.98%	19,051.26	5.63%	11.63
JSW ENERGY JSWENERGY	505.70	47.13	92,719.22	0.40	532.70	-36.27%	5,207.13	1.24%	8.50
Acme Solar Holdings Ltd. ACMESOLAR	415.25	48.90	29,504.93	0.05	235.33	79.88%	857.50	67.81%	9.23

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	309.64	259.59	349.01	486.89	510.98	467.75	496.79	547.85	857.50
Expenses	37.92	38.83	41.81	51.14	53.17	67.54	52.32	69.02	123.24
	271.72	220.76	307.20	435.75	457.81	400.21	444.48	478.84	734.26
	87.75%	85.04%	88.02%	89.50%	89.59%	85.56%	89.47%	87.40%	85.63%
	30.37	35.55	44.91	38.29	57.09	137.87	120.02	171.40	96.27
Interest	196.28	178.30	179.08	205.55	232.96	264.52	288.03	337.48	344.27
	55.56	59.87	69.66	102.22	107.55	117.38	120.18	122.79	154.80
	50.25	18.15	103.37	166.27	174.39	156.18	156.29	189.96	331.46
	97.24%	15.69%	-8.40%	26.58%	24.98%	26.32%	27.24%	27.19%	29.00%
	1.39	15.30	112.06	123.36	130.83	115.07	113.71	139.32	235.33
	0.03	0.29	1.85	2.04	2.16	1.90	1.88	2.30	3.34

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	1,487.90	1,294.90	1,319.25	1,405.13	2,023.38
Operating Income (Net)	1,487.90	1,294.90	1,319.25	1,405.13	2,023.38
EXPENDITURE :
Power Generation & Distribution Cost	93.85			0.02	0.01
Employee Cost	38.24	34.64	59.00	64.95	61.97
Operating Expenses	62.42	56.76	61.94	51.05	51.71
General and Administration Expenses	48.89	28.43	43.28	44.02	80.52
Miscellaneous Expenses	4.06	2.39	65.86	9.63	47.70
	247.46	122.23	230.07	169.67	241.90
Operating Profit (Excl OI)	1,240.44	1,172.68	1,089.18	1,235.46	1,781.48
	74.82	66.47	147.02	170.11	483.70
	1,315.27	1,239.15	1,236.19	1,405.57	2,265.18
Interest	996.13	809.18	767.32	759.24	1,123.13
PBDT	319.14	429.97	468.87	646.33	1,142.05
	546.28	484.80	308.14	287.31	467.90
Profit Before Taxation & Exceptional Items	-227.14	-54.84	160.73	359.02	674.15
Exceptional Income / Expenses	329.56	39.44	748.69	-20.98	2.68
	102.43	-15.40	909.43	338.04	676.82
Provision for Tax	40.42	-12.23	211.64	87.22	178.94
	62.01	-3.17	697.78	250.82	497.89
Extra items				0.00	0.00
Minority Interest	0.02	0.03	0.02	1.29	1.03
Consolidated Net Profit	62.03	-3.14	697.80	252.11	498.91
Profit Balance B/F	-385.98	-343.17	-356.23	283.17	548.69
Appropriations	-323.94	-346.31	341.57	535.28	1,047.60
Equity Dividend %				10.00%	10.00%
	5.94	-0.30	66.81	4.17	8.24
Adjusted EPS	5.94	-0.30	66.81	4.17	8.24

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	104.44	104.44	104.44	121.02	121.08
Share Warrants & Outstandings				24.09	89.76
Total Reserves	1,154.32	1,146.12	1,836.43	4,365.48	4,850.64
Reserve excluding Revaluation Reserve	1,154.32	1,146.12	1,836.43	4,365.48	4,850.64
Revaluation reserve	0.00	0.00
	1,258.76	1,250.56	1,940.87	4,510.58	5,061.48
Minority Interest	100.39	29.90	0.00	-1.29	-1.31
Secured Loans	7,520.54	8,679.27	8,346.43	9,857.17	16,739.88
Unsecured Loans	80.35	70.00
Deferred Tax Assets / Liabilities	-69.63	-87.54	19.14	33.38	43.91
Other Long Term Liabilities	588.00	1,022.33	1,461.93	2,410.86	3,066.76
Long Term Provisions	2.44	5.29	6.51	10.06	14.46
Total Non-Current Liabilities	8,121.71	9,689.34	9,834.00	12,311.47	19,865.01
Trade Payables	273.01	62.11	73.76	224.73	15.27
Other Current Liabilities	700.66	778.31	1,285.72	918.50	2,505.14
Short Term Borrowings	271.83	128.69	46.13	175.00	650.33
Short Term Provisions	0.61	0.49	26.48	1.30	49.43
Total Current Liabilities	1,246.10	969.60	1,432.08	1,319.53	3,220.16
Total Liabilities	10,726.96	11,939.40	13,206.95	18,140.29	28,145.34
Gross Block	8,461.38	9,405.36	9,034.06	14,884.74	18,783.59
Less: Accumulated Depreciation	2,284.27	2,774.42	2,277.54	2,571.00	3,051.95
Net Block	6,177.11	6,630.94	6,756.52	12,313.74	15,731.63
Capital Work in Progress	1,272.80	2,147.34	2,828.43	1,362.34	4,357.66
Non Current Investments	24.53	22.67		275.00	275.00
Long Term Investment	24.53	22.67		275.00	275.00
Long Term Loans & Advances	774.34	263.25	409.31	286.63	499.76
Other Non Current Assets	138.27	173.07	55.99	119.43	295.55
Total Non-Current Assets	8,387.05	9,237.26	10,051.64	14,358.54	21,159.60
Currents Investments			149.87
Inventories				3.93	17.37
Sundry Debtors	931.44	699.30	420.89	380.82	332.95
Cash and Bank	763.09	1,338.46	1,314.88	2,916.03	6,158.09
Other Current Assets	276.00	289.56	262.36	297.56	429.29
Short Term Loans and Advances	369.38	374.82	994.72	173.77	38.46
Total Current Assets	2,339.91	2,702.13	3,142.71	3,772.11	6,976.16
Net Current Assets (Including Current Investments)	1,093.81	1,732.53	1,710.63	2,452.58	3,756.00
Total Assets	10,726.96	11,939.40	13,206.95	18,140.29	28,145.34
Contingent Liabilities	412.52	417.09	414.91	531.63	202.63
Total Debt	8,213.60	9,307.35	8,867.59	10,422.70	18,988.05
	120.52	119.74	185.83	74.15	82.12
Adjusted Book Value	120.52	119.74	185.83	74.15	82.12

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	102.43	-15.40	909.43	338.04	676.82
Adjustment	1,144.40	1,189.69	194.67	928.08	1,238.20
Changes In working Capital	-266.29	143.93	341.24	409.32	-584.26
Cash Flow after changes in Working Capital	980.54	1,318.23	1,445.33	1,675.44	1,330.76
Cash Flow from Operating Activities	954.96	1,263.48	1,434.17	1,543.02	1,248.59
Cash Flow from Investing Activities	-374.06	-1,409.92	-1,730.68	-3,976.13	-7,317.38
Cash Flow from Financing Activitie	-555.81	215.43	215.78	3,408.23	7,015.46
Net Cash Inflow / Outflow	25.10	68.99	-80.73	975.11	946.67
Opening Cash & Cash Equivalents	503.83	478.46	547.45	309.16	1,284.27
Cash & Cash Equivalent of Subsidiaries under liquidations	-50.46		-157.56
Closing Cash & Cash Equivalent	478.46	547.45	309.16	1,284.27	2,230.94

Ratios

Valuation

48.90

3.68

16.51

12.45

8.54

113.28

Profitability

10.53

9.23

2.15

88.04

24.61

Leverage & Liquidity

3.82

2.17

1.60

Returns

0.05

0.09

Shareholding Pattern

Numbers in percentages

Particulars	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	83.41	83.41	83.41	83.41	83.29	83.29	71.40
	12.51	11.83	12.37	11.96	10.91	10.66	23.49
	4.08	4.75	4.22	4.62	5.80	6.06	5.11
	16.59	16.59	16.59	16.59	16.71	16.71	28.60
No. of Shareholders	1,99,394	2,15,043	1,97,223	1,77,167	1,84,159	1,64,635	1,43,209

Corporate Actions

Showing: All

Date	Type	Details
2026-09-04	AGM
2026-07-16	Board Meeting	Quarterly Results
2026-04-27	Board Meeting	Audited Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

PowerPower Generation/Distribution

Acme Solar Holdings Ltd. operates in the Power sector under the Power Generation/Distribution industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

7 members across the board and senior leadership

Rajesh Sodhi

Company Secretary & Compliance Officer

—

Manoj Kumar Upadhyay

Chairman & Managing Director

₹5.00 Cr

Mar '26

Shashi Shekhar

Vice Chairman

₹1.68 Cr

Mar '26

Nikhil Dhingra

Whole Time Director & Chief Executive Officer

₹9.18 Cr

Mar '26

Hemant Sahai

Non Executive Independent Director

₹49.50 L

Mar '26

Anuranjita Kumar

Non Executive Independent Director

₹45.70 L

Mar '26

Atul Sabharwal

Non Executive Independent Director

₹51.50 L

Mar '26

ACMESOLAR Latest News

News

10 of 10 articles

COMPANY16 Sept 2026 · 12:47

ACME Solar commissions 66.68 MW of Solar, 300 MWh of BESS capacities in Rajasthan

The company aims to commission entire 300 MW solar capacity by the end of Q3 FY27

COMPANY16 Sept 2026 · 10:42

ACME Solar Holdings incorporates wholly owned subsidiaries

Subsidiaries have been incorporated with an objective to undertake businesses relating to development, establishment and operation of power generation and renewable energy projects

EQUITY16 Sept 2026 · 09:49

ACME Solar Holdings informs about press release

EQUITY15 Sept 2026 · 09:28

ACME Solar Holdings rises on commissioning phase I of BESS project in Rajasthan

The Commercial operation date for the same shall be September 16, 2026

COMPANY15 Sept 2026 · 09:13

ACME Solar Holdings commissions phase I of BESS project in Rajasthan

The Commercial operation date for the same shall be September 16, 2026

EQUITY11 Sept 2026 · 09:41

ACME Solar Holdings inches up on getting nod to incorporate wholly-owned subsidiary company in UAE

The Operational Committee of the Board of Directors of the Company, in its meeting held on September 10, 2026, has approved the same

COMPANY11 Sept 2026 · 09:16

ACME Solar Holdings gets nod to incorporate wholly-owned subsidiary company in UAE

The Operational Committee of the Board of Directors of the Company, in its meeting held on September 10, 2026, has approved the same

COMPANY28 Aug 2026 · 16:29

ACME Solar Holdings secures LoA from SECI

The size of the project is 300 MW, at a tariff of Rs. 6.00 per kWh for entire PPA tenure

EQUITY28 Aug 2026 · 10:35

ACME Solar Holdings surges on commissioning BESS project in Rajasthan

With this, ACME Suryodaya has achieved a commissioned capacity of 300 MW / 1354.224 MWh

COMPANY28 Aug 2026 · 10:30

ACME Solar Holdings commissions BESS project in Rajasthan

With this, ACME Suryodaya has achieved a commissioned capacity of 300 MW / 1354.224 MWh

ACMESOLAR

₹415.25

-0.89%