
About ACME Solar
ACME Solar is a publicly listed company based in Gurugram (India) founded in 2010 by Manoj Upadhyay. Utility-scale solar power projects are developed, owned, and operated. The company has 605 employees. Its chief executive, as recorded, is Nikhil Dhingra. Its website acmesolar.in draws about 13 thousand monthly visits. Its Indian entity Acme Solar Holdings Limited reported revenue of βΉ2,510 Cr. Its focus areas include Energy, Solar Energy, Independent Power Producer and Utility. Its competitors include Greenko Group, Avaada Group and ACME Group; 3 of its 3 listed competitors have raised funding.
Company details
ACME Solar was established in 2010 in Gurugram, India, within the renewable energy sector. Utility-scale grid-connected solar power projects are developed, built, owned, operated, and maintained. Electricity generation occurs for grid integration, with emphasis placed on sustainability and innovation. Community development initiatives are supported through programs addressing education, healthcare, and local livelihoods in operational regions.
- Headquarters Gurugram, India
- Employees 605
- Founders Manoj Upadhyay
- Stage Public
- SectorsEnergy & Utilities
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website acmesolar.in
- Social LinkedIn X Facebook
- Legal Name Acme Solar Holdings Ltd.
- Market Cap₹28,787 Cr
ACMESOLAR · NSE
- Share Price₹418.65
+2.80% today
- Revenue₹2,023 Cr
FY 2025-26 · +44.0% YoY
- EBITDA₹1,781 Cr
Margin 88.0%
- Net Profit₹497 Cr
FY 2025-26 · +84.8% YoY
- P/E (TTM)38.3x
P/B 3.4x
- ROE10.4%
ROCE 8.1%
- Debt / Equity3.23
Interest cover 86.5x
- Latest Funding Round$292.33M (USD), Post-IPO
Jun 2026
- InvestorsSBI Mutual Fund
& 9 more
- Employee Count605
Associated legal entities of ACME Solar
ACME Solar operates through Acme Solar Holdings Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Acme Solar Holdings Limited Listed CIN L40106HR2015PLC102129 | Active | 03 Jun 2015 | Gurugram, Haryana | ₹2,510 Cr | 159 | 9 | View details |
Funding Insights of ACME Solar
- Total Rounds 1
- Last Round Post-IPO β $292.33M
- First Round $292.33M
(Jun 2026)
- Investors Count 10
All 1 funding rounds of ACME Solar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2026 | $292.33M | Post-IPO | β | β |
10 investors in total: 10 institutional.
Investors in ACME Solar
ACME Solar has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include SBI Mutual Fund, Nippon India Mutual Fund and HDFC Mutual Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| nipponindiaim.com | ||||
| sbimf.com | ||||
| hdfcfund.com | ||||
| icicipruamc.com | ||||
| kotakmf.com | ||||
| sbilife.co.in | ||||
| iciciprulife.com | ||||
| blackrock.com | ||||
| adia.ae | ||||
| pictet.com |
Investor details for ACME Solar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Acme Solar Holdings Limited (ACME Solar)
Acme Solar Holdings Limited is the primary company behind ACME Solar. The board of Acme Solar Holdings Limited currently have 6 directors; the longest-serving is Manoj Kumar Upadhyay, appointed in 2015. 25 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manoj Kumar Upadhyay DIN 01282332 | Managing Director | 03 Dec 2015 | 10 yrs 11 mo | Acme Solar Holdings Limited |
| Atul Sabharwal DIN 07845048 | Director | 18 Sep 2017 | 9 yrs 1 mo | Acme Solar Holdings Limited |
| Shashi Shekhar DIN 01747358 | Whole-time director | 09 Apr 2018 | 8 yrs 7 mo | Acme Solar Holdings Limited |
| Nikhil Dhingra DIN 07835556 | Whole-time director | 25 Apr 2024 | 2 yrs 6 mo | Acme Solar Holdings Limited |
| Anuranjita Kumar DIN 05283847 | Director | 25 Apr 2024 | 2 yrs 6 mo | Acme Solar Holdings Limited |
| Hemant Sahai DIN 00088238 | Director | 19 Jan 2025 | 1 yr 9 mo | Acme Solar Holdings Limited |
People of ACME Solar
2 people are tracked at ACME Solar (2 in leadership); the tracked headcount is 605.
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership | |
| CEO | Leadership |
Complete people profiles for ACME Solar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of ACME Solar
ACME Solar is a publicly listed company on the NSE with ticker symbol ACMESOLAR in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date13 Nov 2024
- Listed onBSE: 544283 · NSE: ACMESOLAR
- Listed entityACME Solar Holdings Ltd.
- Exchange sectorIndustrial services
- ISININE622W01025
- Share price₹419.75 (+1.4% on the day) · 2026-10-14
- Market capitalisation₹29,236 Cr
- Price to earnings43.3
- EPS (diluted, trailing year)₹9.69
- Dividend yield0.05%
- Volume (last session)539,743
Financials of ACME Solar
Exchange-reported figures of Acme Solar Holdings Limited, the listed company behind ACME Solar (NSE: ACMESOLAR).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,023 | 1,405 | 1,319 | 1,295 | 1,488 | 1,692 | 1,777 |
| Revenue growth | +44.0% | +6.5% | +1.9% | -13.0% | -12.1% | -4.8% | - |
| EBITDA | 1,781 | 1,210 | 1,089 | 1,173 | 1,240 | 1,553 | 1,649 |
| EBITDA margin | +88.0% | +86.1% | +82.6% | +90.6% | +83.4% | +91.8% | +92.8% |
| Profit before tax | 677 | 338 | 909 | (15.39) | 102 | (1.10) | (211) |
| Net profit | 497 | 269 | 127 | (37.05) | (214) | (83.22) | 85.63 |
| Net profit margin | +24.6% | +19.1% | +9.6% | -2.9% | -14.4% | -4.9% | +4.8% |
| EPS (βΉ) | 8.16 | 4.17 | 66.81 | (0.30) | 5.94 | 1.46 | 8.20 |
| Balance sheet | |||||||
| Total assets | 27,193 | 17,401 | 12,307 | 11,646 | 10,194 | 11,950 | 14,893 |
| Net worth | 5,061 | 4,511 | 2,591 | 1,901 | 1,909 | 1,858 | 1,192 |
| Total debt | 19,896 | 10,976 | 8,536 | 9,014 | 7,915 | 9,732 | 10,593 |
| Cash & bank | 6,158 | 2,916 | 1,315 | 1,338 | 763 | 943 | 660 |
| Net working capital | 6,077 | 3,076 | 2,125 | 2,321 | 1,738 | 1,744 | 1,556 |
| Cash flow | |||||||
| Cash from operations | 1,249 | 1,543 | 1,434 | 1,263 | 955 | 1,746 | 922 |
| Cash from investing | (7,317) | (3,976) | (1,888) | (1,410) | (425) | 458 | (1,426) |
| Cash from financing | 7,015 | 3,408 | 216 | 215 | (556) | (2,040) | 474 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 887 | 858 | 548 | 497 | 468 | 511 | 487 | 349 |
| Revenue growth (YoY) | +89.6% | +67.8% | +12.5% | +42.3% | +80.2% | +65.0% | - | - |
| Other income | 120 | 96.27 | 171 | 120 | 138 | 73.01 | 52.37 | 51.81 |
| EBITDA | 753 | 734 | 479 | 444 | 400 | 442 | 422 | 300 |
| EBITDA margin | +84.9% | +85.6% | +87.4% | +89.5% | +85.6% | +86.5% | +86.6% | +86.0% |
| Depreciation | 172 | 155 | 123 | 120 | 117 | 108 | 102 | 69.66 |
| Interest | 345 | 344 | 337 | 288 | 265 | 233 | 206 | 179 |
| Profit before tax | 356 | 331 | 190 | 156 | 156 | 174 | 166 | 103 |
| Tax | 87.35 | 96.14 | 51.66 | 42.58 | 41.12 | 43.57 | 44.19 | (8.69) |
| Net profit | 269 | 235 | 138 | 114 | 115 | 131 | 122 | 112 |
| EPS (βΉ) | 3.75 | 3.67 | 2.27 | 1.87 | 1.88 | 2.14 | 2.14 | 2.09 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 3,911 | 1,352 | 471 | 469 | 759 | 183 |
| Revenue growth | +189.3% | +187.2% | +0.5% | -38.2% | +313.9% | - |
| EBITDA | 297 | 269 | (55.69) | (27.22) | 38.57 | 44.05 |
| EBITDA margin | +7.6% | +19.9% | -11.8% | -5.8% | +5.1% | +24.0% |
| Profit before tax | 457 | 253 | 518 | (48.50) | 145 | 17.97 |
| Net profit | 328 | 188 | (102) | (69.69) | (108) | (71.65) |
| Net profit margin | +8.4% | +13.9% | -21.6% | -14.9% | -14.2% | -39.1% |
| EPS (βΉ) | 5.56 | 3.12 | 40.17 | (2.90) | 13.92 | 2.32 |
| Balance sheet | ||||||
| Total assets | 9,221 | 6,833 | 4,406 | 3,959 | 4,069 | 3,964 |
| Net worth | 4,952 | 4,558 | 2,702 | 2,282 | 2,313 | 2,167 |
| Total debt | 4,260 | 2,269 | 1,702 | 1,674 | 1,754 | 1,795 |
| Cash & bank | 2,865 | 1,396 | 265 | 304 | 332 | 108 |
| Net working capital | 1,851 | 1,756 | 117 | (297) | 1,221 | 839 |
| Cash flow | ||||||
| Cash from operations | 530 | 395 | (690) | 716 | 47.34 | (35.05) |
| Cash from investing | (1,505) | (2,976) | 737 | (765) | 415 | 832 |
| Cash from financing | 2,065 | 2,803 | 52.27 | (177) | (281) | (724) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,313 | 2,266 | 2,378 | 918 | 332 | 283 | 269 | 279 |
| Revenue growth (YoY) | +896.6% | +701.8% | +784.8% | +229.2% | -23.6% | -23.5% | - | - |
| Other income | 113 | 91.97 | 162 | 84.30 | 135 | 81.33 | 39.66 | 50.48 |
| Total expenses | 2,994 | 2,096 | 2,070 | 882 | 359 | 303 | 288 | 274 |
| EBITDA | 319 | 170 | 308 | 36.16 | (26.84) | (20.09) | (19.26) | 4.63 |
| EBITDA margin | +9.6% | +7.5% | +13.0% | +3.9% | -8.1% | -7.1% | -7.2% | +1.7% |
| Depreciation | 3.88 | 2.60 | 0.23 | 0.12 | 0.09 | 0.09 | 0.01 | 0.00 |
| Interest | 105 | 96.61 | 99.62 | 75.88 | 67.55 | 60.06 | 36.85 | 47.42 |
| Profit before tax | 323 | 163 | 370 | 44.46 | 40.98 | 1.09 | (16.46) | 7.69 |
| Tax | 81.43 | 41.35 | 93.73 | 12.78 | 9.76 | 0.27 | (5.84) | 6.19 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 887 | 858 | 548 | 497 | 468 | 511 | 487 | 349 |
| Revenue growth (YoY) | +89.6% | +67.8% | +12.5% | +42.3% | +80.2% | +65.0% | - | - |
| Other income | 120 | 96.27 | 171 | 120 | 138 | 73.01 | 52.37 | 51.81 |
| EBITDA | 753 | 734 | 479 | 444 | 400 | 442 | 422 | 300 |
| EBITDA margin | +84.9% | +85.6% | +87.4% | +89.5% | +85.6% | +86.5% | +86.6% | +86.0% |
| Depreciation | 172 | 155 | 123 | 120 | 117 | 108 | 102 | 69.66 |
| Interest | 345 | 344 | 337 | 288 | 265 | 233 | 206 | 179 |
| Profit before tax | 356 | 331 | 190 | 156 | 156 | 174 | 166 | 103 |
| Tax | 87.35 | 96.14 | 51.66 | 42.58 | 41.12 | 43.57 | 44.19 | (8.69) |
| Net profit | 269 | 235 | 138 | 114 | 115 | 131 | 122 | 112 |
| EPS (βΉ) | 3.75 | 3.67 | 2.27 | 1.87 | 1.88 | 2.14 | 2.14 | 2.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,023 | 1,405 | 1,319 | 1,295 | 1,488 | 1,692 | 1,777 |
| Revenue growth | +44.0% | +6.5% | +1.9% | -13.0% | -12.1% | -4.8% | - |
| Other income | 486 | 175 | 896 | 106 | 404 | 218 | 82.03 |
| Total expenses | 242 | 196 | 230 | 122 | 247 | 139 | 129 |
| Employee cost | 0.00 | 64.95 | 59.00 | 34.64 | 38.24 | 30.14 | 6.02 |
| EBITDA | 1,781 | 1,210 | 1,089 | 1,173 | 1,240 | 1,553 | 1,649 |
| EBITDA margin | +88.0% | +86.1% | +82.6% | +90.6% | +83.4% | +91.8% | +92.8% |
| Depreciation | 468 | 287 | 308 | 485 | 546 | 622 | 704 |
| Interest | 1,123 | 759 | 767 | 809 | 996 | 1,151 | 1,237 |
| Profit before tax | 677 | 338 | 909 | (15.39) | 102 | (1.10) | (211) |
| Tax | 179 | 87.22 | 212 | (12.23) | 40.41 | (16.32) | (296) |
| Net profit | 497 | 269 | 127 | (37.05) | (214) | (83.22) | 85.63 |
| Net profit margin | +24.6% | +19.1% | +9.6% | -2.9% | -14.4% | -4.9% | +4.8% |
| EPS (βΉ) | 8.16 | 4.17 | 66.81 | (0.30) | 5.94 | 1.46 | 8.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 121 | 121 | 104 | 104 | 104 | 104 | 104 |
| Reserves & surplus | 4,940 | 4,390 | 1,836 | 1,146 | 1,154 | 1,103 | 1,088 |
| Shareholders' funds (net worth) | 5,061 | 4,511 | 2,591 | 1,901 | 1,909 | 1,858 | 1,192 |
| Minority interest | (1.31) | (1.29) | 0.00 | 29.90 | 100 | 0.00 | 650 |
| Secured loans | 18,296 | 9,971 | 7,909 | 8,307 | 7,009 | 8,475 | 9,257 |
| Unsecured loans | 1,601 | 1,005 | 628 | 707 | 906 | 1,257 | 1,335 |
| Total debt | 19,896 | 10,976 | 8,536 | 9,014 | 7,915 | 9,732 | 10,593 |
| Total liabilities | 27,193 | 17,401 | 12,307 | 11,646 | 10,194 | 11,950 | 14,893 |
| Assets | |||||||
| Gross block | 18,784 | 14,886 | 9,035 | 9,405 | 8,461 | 11,300 | 11,431 |
| Net block | 15,732 | 12,315 | 6,758 | 6,631 | 6,177 | 8,984 | 9,650 |
| Capital work in progress | 4,358 | 1,362 | 2,828 | 2,147 | 1,273 | 97.20 | 220 |
| Investments | 275 | 275 | 150 | 22.67 | 24.53 | 24.53 | 0.00 |
| Inventories | 17.37 | 3.93 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 333 | 381 | 421 | 699 | 827 | 723 | 673 |
| Cash & bank balances | 6,158 | 2,916 | 1,315 | 1,338 | 763 | 943 | 660 |
| Loans & advances | 477 | 481 | 1,270 | 664 | 750 | 618 | 789 |
| Total current assets | 6,986 | 3,782 | 3,005 | 2,702 | 2,340 | 2,283 | 2,122 |
| Total current liabilities | 909 | 706 | 880 | 381 | 602 | 539 | 566 |
| Net working capital | 6,077 | 3,076 | 2,125 | 2,321 | 1,738 | 1,744 | 1,556 |
| Total assets | 27,193 | 17,401 | 12,307 | 11,646 | 10,194 | 11,950 | 14,893 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1,284 | 309 | 547 | 478 | 504 | 340 | 370 |
| Net cash from operating activities | 1,249 | 1,543 | 1,434 | 1,263 | 955 | 1,746 | 922 |
| Net cash from investing activities | (7,317) | (3,976) | (1,888) | (1,410) | (425) | 458 | (1,426) |
| Net cash from financing activities | 7,015 | 3,408 | 216 | 215 | (556) | (2,040) | 474 |
| Net change in cash | 947 | 975 | (238) | 68.99 | (25.37) | 164 | (30.61) |
| Closing cash | 6,158 | 2,916 | 1,315 | 1,338 | 763 | 943 | 660 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +44.0% | +6.5% | +1.9% | -13.0% | -12.1% | -4.8% | - |
| EBITDA growth | +47.3% | +11.1% | -7.1% | -5.5% | -20.1% | -5.8% | - |
| PBT growth | +100.2% | -62.8% | +9998.0% | - | +9998.0% | +99.5% | +9997.0% |
| Net income growth | +84.8% | +112.4% | +441.7% | +82.7% | -156.7% | -197.2% | - |
| Revenue CAGR (3Y) | +16.0% | -1.9% | -8.0% | -10.0% | - | - | - |
| EBITDA CAGR (3Y) | +14.6% | -0.8% | -11.2% | -10.7% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +24.6% | +17.9% | +52.9% | -0.2% | +4.2% | +0.9% | +4.8% |
| Return on capital employed | +8.1% | +7.4% | +7.8% | 0.0% | +6.8% | +7.7% | +7.0% |
| Return on net worth | +10.4% | +7.1% | +5.6% | 0.0% | -9.5% | -4.4% | +5.5% |
| Debt / equity | 3.23 | 2.75 | 3.91 | 4.44 | 4.69 | 6.66 | 8.89 |
| Long-term debt / equity | 2.92 | 2.58 | 3.65 | 4.17 | 4.20 | 5.83 | 7.74 |
| Interest cover | 86.55 | 82.32 | 98.24 | 117.63 | 143.50 | 123.58 | 131.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.12 | 0.12 | 0.14 | 0.14 | 0.15 | 0.15 | 0.16 |
| Inventory turnover | 189.99 | 715.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 5.67 | 3.51 | 2.36 | 1.70 | 1.92 | 2.42 | 2.64 |
| EPS (βΉ) | 8.24 | 4.17 | 66.81 | (0.30) | 5.94 | 1.46 | 8.20 |
| Dividend per share (βΉ) | 0.00 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 83.61 | 74.54 | 185.83 | 119.74 | 120.52 | 115.61 | 114.14 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,313 | 2,266 | 2,378 | 918 | 332 | 283 | 269 | 279 |
| Revenue growth (YoY) | +896.6% | +701.8% | +784.8% | +229.2% | -23.6% | -23.5% | - | - |
| Other income | 113 | 91.97 | 162 | 84.30 | 135 | 81.33 | 39.66 | 50.48 |
| Total expenses | 2,994 | 2,096 | 2,070 | 882 | 359 | 303 | 288 | 274 |
| EBITDA | 319 | 170 | 308 | 36.16 | (26.84) | (20.09) | (19.26) | 4.63 |
| EBITDA margin | +9.6% | +7.5% | +13.0% | +3.9% | -8.1% | -7.1% | -7.2% | +1.7% |
| Depreciation | 3.88 | 2.60 | 0.23 | 0.12 | 0.09 | 0.09 | 0.01 | 0.00 |
| Interest | 105 | 96.61 | 99.62 | 75.88 | 67.55 | 60.06 | 36.85 | 47.42 |
| Profit before tax | 323 | 163 | 370 | 44.46 | 40.98 | 1.09 | (16.46) | 7.69 |
| Tax | 81.43 | 41.35 | 93.73 | 12.78 | 9.76 | 0.27 | (5.84) | 6.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 3,911 | 1,352 | 471 | 469 | 759 | 183 |
| Revenue growth | +189.3% | +187.2% | +0.5% | -38.2% | +313.9% | - |
| Other income | 463 | 161 | 753 | 132 | 298 | 145 |
| Total expenses | 3,614 | 1,084 | 527 | 496 | 720 | 139 |
| Employee cost | 0.00 | 136 | 68.22 | 45.69 | 46.30 | 28.25 |
| EBITDA | 297 | 269 | (55.69) | (27.22) | 38.57 | 44.05 |
| EBITDA margin | +7.6% | +19.9% | -11.8% | -5.8% | +5.1% | +24.0% |
| Depreciation | 0.53 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 303 | 176 | 180 | 153 | 192 | 171 |
| Profit before tax | 457 | 253 | 518 | (48.50) | 145 | 17.97 |
| Tax | 117 | 64.41 | 98.61 | (18.25) | (0.05) | (6.31) |
| Net profit | 328 | 188 | (102) | (69.69) | (108) | (71.65) |
| Net profit margin | +8.4% | +13.9% | -21.6% | -14.9% | -14.2% | -39.1% |
| EPS (βΉ) | 5.56 | 3.12 | 40.17 | (2.90) | 13.92 | 2.32 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 121 | 121 | 104 | 104 | 104 | 104 |
| Reserves & surplus | 4,831 | 4,437 | 1,948 | 1,528 | 1,558 | 1,413 |
| Shareholders' funds (net worth) | 4,952 | 4,558 | 2,702 | 2,282 | 2,313 | 2,167 |
| Secured loans | 650 | 0.00 | 43.41 | 43.41 | 75.00 | 1,143 |
| Unsecured loans | 3,609 | 2,269 | 1,659 | 1,631 | 1,679 | 652 |
| Total debt | 4,260 | 2,269 | 1,702 | 1,674 | 1,754 | 1,795 |
| Total liabilities | 9,221 | 6,833 | 4,406 | 3,959 | 4,069 | 3,964 |
| Assets | ||||||
| Gross block | 6.95 | 1.91 | 1.43 | 0.03 | 0.00 | 0.00 |
| Net block | 6.40 | 1.89 | 1.42 | 0.03 | 0.00 | 0.00 |
| Capital work in progress | 1.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 6,995 | 4,973 | 4,265 | 4,162 | 2,810 | 3,106 |
| Inventories | 95.38 | 3.93 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 615 | 4.93 | 0.19 | 14.09 | 66.52 | 13.02 |
| Cash & bank balances | 2,865 | 1,396 | 265 | 304 | 332 | 108 |
| Loans & advances | 1,986 | 2,209 | 1,535 | 659 | 1,399 | 1,114 |
| Total current assets | 5,562 | 3,614 | 1,801 | 977 | 1,797 | 1,236 |
| Total current liabilities | 3,711 | 1,858 | 1,684 | 1,274 | 576 | 396 |
| Net working capital | 1,851 | 1,756 | 117 | (297) | 1,221 | 839 |
| Total assets | 9,221 | 6,833 | 4,406 | 3,959 | 4,069 | 3,964 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 355 | 132 | 31.53 | 257 | 75.25 | 1.99 |
| Net cash from operating activities | 530 | 395 | (690) | 716 | 47.34 | (35.05) |
| Net cash from investing activities | (1,505) | (2,976) | 737 | (765) | 415 | 832 |
| Net cash from financing activities | 2,065 | 2,803 | 52.27 | (177) | (281) | (724) |
| Net change in cash | 1,091 | 223 | 100 | (226) | 182 | 73.26 |
| Closing cash | 2,865 | 1,396 | 265 | 304 | 332 | 108 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +189.3% | +187.2% | +0.5% | -38.2% | +313.9% | - |
| EBITDA growth | +10.7% | +582.2% | -104.6% | -170.6% | -12.4% | - |
| PBT growth | +80.4% | -51.1% | +9998.0% | - | +708.9% | +9997.0% |
| Net income growth | +74.4% | +284.8% | -45.9% | +35.5% | -50.8% | - |
| Revenue CAGR (3Y) | +102.8% | +21.2% | +36.9% | - | - | - |
| EBITDA CAGR (3Y) | - | +91.0% | - | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +8.7% | +14.0% | +89.1% | -6.5% | +19.2% | +13.2% |
| Return on capital employed | +7.8% | +7.6% | +1.9% | +1.6% | +2.1% | +2.2% |
| Return on net worth | +3.6% | +5.2% | -4.1% | -3.0% | -4.8% | -3.9% |
| Debt / equity | 0.69 | 0.55 | 0.68 | 0.75 | 0.79 | 1.32 |
| Long-term debt / equity | 0.60 | 0.52 | 0.54 | 0.48 | 0.47 | 0.75 |
| Interest cover | 102.16 | 65.65 | -322.52 | -563.67 | 496.89 | 388.63 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 882.83 | 809.64 | 644.99 | 31,239.33 | 0.00 | 0.00 |
| Inventory turnover | 78.76 | 688.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 12.61 | 528.16 | 65.94 | 11.63 | 19.08 | 24.96 |
| EPS (βΉ) | 5.62 | 3.12 | 40.17 | (2.90) | 13.92 | 2.32 |
| Dividend per share (βΉ) | 0.00 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 81.79 | 75.34 | 196.49 | 156.30 | 159.20 | 145.26 |
Timeline of ACME Solar
3 dated milestones of ACME Solar across 16 years, from founding to its latest funding, stage changes and deals.
- Founded ACME Solar is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $292.3M.
Competitors of ACME Solar
ACME Solar has 3 listed competitors in our database, 3 of them funded. They include Greenko Group, Avaada Group and ACME Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| greenkogroup.com | 2006 | Hyderabad, India | $942.81M | 160 | Energy transition and decarbonization solutions are provided by Greenko Group. | |
| avaada.com | 2009 | Delhi, India | $879.45M | 2,935 | Renewable energy projects in solar, wind, and storage are developed. | |
| acme.in | 2003 | Gurugram, India | $212.19M | 202 | Solar energy projects are developed for sustainable energy solutions. |
Detailed competitors of ACME Solar
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Web traffic of ACME Solar
The website of ACME Solar (acmesolar.in) receives about 12.8K visits a month.
- Monthly visits12.8K
▲ 23.5% vs previous month
Websites whose visitors overlap most with ACME Solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| insolationenergy.in | 100% | 17.2K | #1,022,623 | View details | |
| adanigreenenergy.com | 86% | 43.3K | #886,681 | View details | |
| rukamcapital.com | 86% | 17K | #1,530,558 | View details | |
| prostarm.com | 85% | 4.2K | #4,060,074 | View details | |
| jmfl.com | 84% | 33.2K | #620,123 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 16 similar websites and full traffic analytics for ACME Solar
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- 16 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as ACME Solar (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Related news about Acme Solar
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Frequently Asked Questions about ACME Solar
ACME Solar was founded in 2010 and raised its 1st funding round 16 years after it was founded.
ACME Solar is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Nikhil Dhingra is the CEO of ACME Solar, as recorded in our data.
ACME Solar has 605 employees.
The primary company behind ACME Solar, Acme Solar Holdings Limited, reported revenue of βΉ2,510 Cr for FY 2026, up 44% year on year.
ACME Solar was established in 2010 in Gurugram, India, within the renewable energy sector. Utility-scale grid-connected solar power projects are developed, built, owned, operated, and maintained. Electricity generation occurs for grid integration, with emphasis placed on sustainability and innovation. Community development initiatives are supported through programs addressing education, healthcare, and local livelihoods in operational regions.
ACME Solar's top competitors include Avaada Group, ACME Group and Greenko Group.
Yes, ACME Solar is publicly traded on NSE under the ticker symbol ACMESOLAR.
ACME Solar has 10 investors. Key investors include SBI Mutual Fund, Nippon India Mutual Fund, HDFC Mutual Fund, ICICI Prudential Asset Management Company, and Kotak Mutual Fund.
ACME Solar operates through Acme Solar Holdings Limited.
The legal entities of ACME Solar currently have 8 directors, including Shashi Shekhar, Manoj Kumar Upadhyay, Atul Sabharwal and others.
