About
ACME Solar Holdings Limited, a solar independent power producing company, engages in developing, building, owning, operating, and maintaining utility scale grid connected solar power projects in India. The company owns and operates solar energy projects with installed capacity of 2540 MW; and develops and constructs solar energy projects with capacity of 3780 MW. It is also involved in the wind power and hybrid power generation business. In addition, the company provides engineering, procurement, and construction services, as well as operation and maintenance services. It serves central and state government-backed entities. The company was founded in 2003 and is based in Gurugram, India. ACME Solar Holdings Limited is a subsidiary of ACME Cleantech Solutions Limited.
Key Metrics
as of Sep 2026Market Cap29,547 Cr
P/E49.60
Div Yield0.05 %
Book Value₹83.50
52w High₹430.00
52w Low₹196.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,266.00 | 2,378.00 | 918.00 | 332.00 | 283.00 | 269.00 | 279.00 | 435.00 | 369.00 | 190.00 | 82.00 | 139.00 |
| Expenses | 2,096.00 | 2,070.00 | 881.00 | 359.00 | 303.00 | 287.00 | 274.00 | 365.00 | 157.00 | 209.00 | 102.00 | 141.00 |
| Operating Profit | 170.00 | 308.00 | 36.00 | -27.00 | -20.00 | -19.00 | 5.00 | 70.00 | 212.00 | -19.00 | -19.00 | -2.00 |
| OPM % | 8.00 | 13.00 | 3.90 | -8.00 | -7.00 | -7.00 | 1.70 | 16.00 | 57.00 | -10.00 | -23.00 | -1.30 |
| Other Income | 92.00 | 162.00 | 84.00 | 135.00 | 81.00 | 39.00 | 50.00 | 37.00 | 35.00 | 565.00 | 74.00 | 73.00 |
| Depreciation | 3.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 97.00 | 100.00 | 76.00 | 68.00 | 60.00 | 37.00 | 47.00 | 48.00 | 44.00 | 43.00 | 45.00 | 46.00 |
| Profit before tax | 163.00 | 370.00 | 44.00 | 41.00 | 1.00 | -16.00 | 8.00 | 59.00 | 203.00 | 503.00 | 10.00 | 25.00 |
| Tax % | 25.00 | 25.00 | 29.00 | 24.00 | 25.00 | -35.00 | 80.00 | 22.00 | 25.00 | 20.00 | 98.00 | -18.00 |
| Net Profit | 122.00 | 276.00 | 32.00 | 31.00 | 1.00 | -11.00 | 2.00 | 46.00 | 152.00 | 404.00 | 0.00 | 30.00 |
| EPS in Rs | 1.72 | 4.56 | 0.52 | 0.52 | 0.01 | -0.18 | 0.02 | 0.87 | 2.91 | 38.65 | 0.02 | 2.84 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Sales | 3,911.00 | 1,352.00 | 471.00 | 469.00 | 759.00 | 183.00 |
| Expenses | 3,614.00 | 1,084.00 | 527.00 | 496.00 | 720.00 | 139.00 |
| Operating Profit | 297.00 | 269.00 | -56.00 | -27.00 | 39.00 | 44.00 |
| OPM % | 8.00 | 20.00 | -12.00 | -6.00 | 5.00 | 24.00 |
| Other Income | 463.00 | 161.00 | 753.00 | 132.00 | 298.00 | 145.00 |
| Interest | 303.00 | 176.00 | 180.00 | 153.00 | 192.00 | 171.00 |
| Depreciation | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 457.00 | 253.00 | 518.00 | -48.00 | 145.00 | 18.00 |
| Tax % | 26.00 | 25.00 | 19.00 | -38.00 | 0.00 | -35.00 |
| Net Profit | 340.00 | 189.00 | 420.00 | -30.00 | 145.00 | 24.00 |
| EPS in Rs | 5.61 | 3.12 | 40.17 | -2.90 | 13.92 | 2.32 |
| Dividend Payout % | 4.00 | 6.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Equity Capital | 121.00 | 121.00 | 104.00 | 104.00 | 104.00 | 104.00 |
| Reserves | 4,831.00 | 4,437.00 | 2,598.00 | 2,178.00 | 2,208.00 | 2,063.00 |
| Borrowings | 4,260.00 | 2,269.00 | 1,702.00 | 1,674.00 | 1,754.00 | 1,795.00 |
| Other Liabilities | 3,731.00 | 1,863.00 | 1,686.00 | 1,276.00 | 578.00 | 398.00 |
| Total Liabilities | 12,942.00 | 8,691.00 | 6,091.00 | 5,233.00 | 4,645.00 | 4,360.00 |
| Fixed Assets | 6.00 | 2.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| CWIP | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 6,995.00 | 4,973.00 | 4,265.00 | 4,162.00 | 2,810.00 | 3,106.00 |
| Other Assets | 5,939.00 | 3,716.00 | 1,825.00 | 1,070.00 | 1,835.00 | 1,254.00 |
| Total Assets | 12,942.00 | 8,691.00 | 6,091.00 | 5,233.00 | 4,645.00 | 4,360.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 530.00 | 395.00 | -690.00 | 716.00 | 47.00 | -35.00 |
| Cash from Investing Activity | -1,505.00 | -2,976.00 | 737.00 | -765.00 | 415.00 | 832.00 |
| Cash from Financing Activity | 2,065.00 | 2,803.00 | 52.00 | -177.00 | -281.00 | -724.00 |
| Net Cash Flow | 1,091.00 | 223.00 | 100.00 | -226.00 | 182.00 | 73.00 |
| Free Cash Flow | 524.00 | 395.00 | -690.00 | 716.00 | 47.00 | -35.00 |
| CFO/OP % | 199.00 | 184.00 | 1,248.00 | -2,753.00 | 183.00 | -92.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Debtor Days | 57.00 | 1.00 | 0.00 | 11.00 | 32.00 | 26.00 |
| Inventory Days | — | — | — | 0.00 | — | — |
| Cash Conversion Cycle | 57.00 | 1.00 | 0.00 | 11.00 | 32.00 | 26.00 |
| Working Capital Days | -155.00 | 50.00 | -122.00 | -1,012.00 | 164.00 | -321.00 |
| ROCE % | 9.00 | 8.00 | 2.00 | 2.00 | 2.00 | — |
Corporate Actions
2 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 06 Feb 2026 | 06 Feb 2026 | — | 0.20 | |
| Dividend | 02 May 2025 | 02 May 2025 | — | 0.20 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update31 Mar from icra
-
Rating update28 Jan from crisil
-
Rating update2 Jan from icra
-
Rating update6 Oct 2025 from crisil
-
Rating update30 Sep 2025 from icra
-
Rating update11 Feb 2025 from crisil