āagmanLoginNot investment advice. Data and computed figures, for information only.
ACME Solar Holdings Ltd
₹407.60
−₹12.15 (−2.89%)
NSE · 15 Oct 2026, close
Market Cap
₹29,554 Cr
CMP
₹407.60
52-wk High / Low
₹477 / 196
P/E
49.6
P/B
5.0
Book Value
₹83.5
Div Yield
0.05%
ROCE
9.0%
ROE
10.4%
Face Value
₹2
D/E
3.93
Price+43.0% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹124
√(22.5 × EPS × book value per share)
ROIC
3.9%
vs 5.8% sector median
Cash flow to profit
2.51
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−408
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
10.1%
ROE × earnings retention ratio
ROE stability
9.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −11.89FII +0.79DII +12.05
Latest quarter vs the previous one
Cash-accrual divergence
−3.2%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.3x)
Watch-outs
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 369 | 323 | 332 | 295 | 310 | 260 | 349 | 487 | 511 | 468 | 497 | 548 | 858 |
| Expenses | 47 | 34 | 54 | 94 | 38 | 39 | 42 | 51 | 53 | 68 | 52 | 69 | 123 |
| Operating Profit | 322 | 290 | 277 | 201 | 272 | 221 | 307 | 436 | 458 | 400 | 444 | 479 | 734 |
| OPM % | 87.3% | 89.8% | 83.4% | 68.1% | 87.7% | 85.0% | 88.0% | 89.5% | 89.6% | 85.5% | 89.3% | 87.4% | 85.5% |
| Other Income | 65 | 73 | 39 | 719 | 30 | 36 | 45 | 38 | 57 | 138 | 120 | 171 | 96 |
| Interest | 188 | 200 | 202 | 177 | 196 | 178 | 179 | 206 | 233 | 265 | 288 | 337 | 344 |
| Depreciation | 77 | 86 | 85 | 61 | 56 | 60 | 70 | 102 | 108 | 117 | 120 | 123 | 155 |
| Profit before tax | 122 | 77 | 29 | 681 | 50 | 18 | 103 | 166 | 174 | 156 | 156 | 190 | 331 |
| Net Profit | 82 | 39 | 44 | 532 | 1 | 15 | 112 | 122 | 131 | 115 | 114 | 138 | 235 |
| EPS (₹) | 7.88 | 3.70 | 4.26 | 50.97 | 0.03 | 0.29 | 1.85 | 2.04 | 2.16 | 1.90 | 1.88 | 2.30 | 3.33 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,777 | 1,692 | 1,488 | 1,295 | 1,319 | 1,405 | 2,023 | 2,370 |
| Expenses | 129 | 139 | 247 | 122 | 225 | 168 | 238 | 312 |
| Operating Profit | 1,649 | 1,553 | 1,240 | 1,173 | 1,094 | 1,237 | 1,785 | 2,058 |
| OPM % | 92.8% | 91.8% | 83.3% | 90.6% | 82.9% | 88.0% | 88.2% | 86.8% |
| Other Income | 82 | 218 | 404 | 106 | 891 | 147 | 482 | 526 |
| Interest | 1,237 | 1,151 | 996 | 809 | 767 | 759 | 1,123 | 1,234 |
| Depreciation | 704 | 622 | 546 | 485 | 308 | 287 | 468 | 515 |
| Profit before tax | −211 | −1 | 102 | −15 | 909 | 338 | 677 | 834 |
| Net Profit | 86 | 15 | 62 | −3 | 698 | 251 | 498 | 602 |
| EPS (₹) | 8.20 | 1.46 | 5.94 | −0.30 | 66.81 | 4.17 | 8.23 | 9.41 |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 104 | 104 | 104 | 104 | 104 | 121 | 121 | — |
| Reserves | 1,088 | 1,753 | 1,804 | 1,796 | 2,486 | 4,390 | 4,940 | — |
| Borrowings | 10,593 | 9,732 | 7,915 | 9,014 | 8,536 | 10,976 | 19,896 | — |
| Other Liabilities | 3,675 | 900 | 973 | 1,113 | 2,080 | 2,654 | 3,188 | — |
| Total Liabilities | 15,460 | 12,489 | 10,797 | 12,027 | 13,207 | 18,140 | 28,145 | — |
| Fixed Assets | 9,650 | 8,984 | 6,177 | 6,631 | 6,758 | 12,315 | 15,732 | — |
| CWIP | 220 | 97 | 1,273 | 2,147 | 2,828 | 1,362 | 4,358 | — |
| Investments | 0 | 25 | 25 | 23 | 150 | 275 | 275 | — |
| Other Assets | 5,590 | 3,383 | 3,322 | 3,226 | 3,471 | 4,188 | 7,781 | — |
| Total Assets | 15,460 | 12,489 | 10,797 | 12,027 | 13,207 | 18,140 | 28,145 | — |
Cash Flows
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 922 | 1,746 | 955 | 1,263 | 1,434 | 1,543 | 1,249 |
| Cash from Investing Activity | −1,426 | 458 | −425 | −1,410 | −1,888 | −3,976 | −7,317 |
| Cash from Financing Activity | 474 | −2,040 | −556 | 215 | 216 | 3,408 | 7,015 |
| Net Cash Flow | −31 | 164 | −25 | 69 | −238 | 975 | 947 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| ROCE % | — | 9.0 | 7.0 | 7.0 | 8.0 | 8.0 | 9.0 |
| ROE % | — | — | — | — | — | — | 10.4 |
| EPS (₹) | 8.20 | 1.46 | 5.94 | −0.30 | 66.81 | 4.17 | 8.23 |
| Book Value (₹) | — | — | — | — | — | — | 83.5 |
| Face Value (₹) | — | — | — | — | — | — | 2 |
| P/E | — | — | — | — | — | — | 49.6 |
| Div Yield % | — | — | — | — | — | — | 0.05 |
| NPM % | 4.6 | 0.8 | 3.3 | −0.2 | 31.6 | 16.2 | 19.9 |
| OPM % | 93.0 | 92.0 | 83.0 | 91.0 | 83.0 | 88.0 | 88.0 |
| D/E | 8.89 | 5.24 | 4.15 | 4.74 | 3.30 | 2.43 | 3.93 |
| P/B | — | — | — | — | — | — | 5.0 |
Growth
Compounded sales growth
5 years+4.0%
3 years+16.0%
TTM+48.0%
Compounded profit growth
5 years+52.0%
3 years+150.0%
TTM+45.0%
Stock price CAGR
Last year+47.0%
Return on equity
5 years4.0%
3 years8.0%
Last year10.0%
Documents
Corporate actions
6 Feb 2026DIVIDENDInterim Dividend - Re 0.20 Per Share—
2 May 2025DIVIDENDInterim Dividend - Re 0.20 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman