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ACME Solar Holdings (ACMESOLAR) Fair Value & Analysis

Utilities · IN · Market cap ₹253B

AS ACME Solar Holdings ACMESOLAR · NSE
Price₹374.50
Fair Value₹128.71
Upside-65.6%
Quality25/100
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Mixed Growth
Solidly profitable · 19.9% net margin
High debt · negative free cash flow
0.06% dividend yield
Trails peers (5/13)
Moderate moat 62/100
Evidence: High Range ₹128.71 – ₹228.84 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated today

Fair value updated Aug 13, 2026, revised from ₹84.43 to ₹128.71 (+52.4%) since Aug 2, 2026. Share price −2.6% over the past month.

Below-average quality, and screening another 66% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹228.84). The favourable scenario is already priced in.
  • Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (21 months)

₹394.00 ₹173.54 Fair Value ₹128.71 Nov 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

21‑month range ₹173.54 – ₹394.00 · fair‑value band ₹128.71 – ₹228.84 · the ₹374.50 price screens above the ₹128.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

ACME Solar Holdings (ACMESOLAR) currently trades at ₹374.50, while our model-based Fair Value estimate is ₹128.71, implying the stock looks roughly 65.6% overvalued today. The Quality Score stands at 25/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, ACME Solar Holdings generated revenue of ₹25.1B at a net margin of 19.9%. Revenue grew 12.5% year over year. It earns a return on equity of 10.4%. Net debt stands at ₹137B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹128.71 (bear case) to ₹228.84 (bull case); at ₹374.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 91% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -11% fair-value upside, at -66%, ACMESOLAR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹63.50 ₹71.17 ₹141.84 76
ROIC Compounder ₹10.81 ₹39.15 ₹64.35 72
Gordon GGM ₹3.30 ₹7.20 ₹12.11 70
All 15 models by family
Earnings-Based
Graham-Dodd ₹48.03 ₹334.98 ₹470.10 54
Lynch FV ₹173.06 ₹247.24 ₹321.41 50
PEG = 1.0 ₹173.06 ₹247.24 ₹321.41 46
EPV ₹10.81 ₹39.15 ₹64.35 59
Dividend Discount
Gordon GGM ₹3.30 ₹7.20 ₹12.11 70
DDM Multi-Stage ₹3.30 ₹5.90 ₹7.50 61
Multiples
P/E Multiple ₹95.36 ₹127.15 ₹158.94 63
P/S Multiple ₹53.71 ₹71.62 ₹89.52 58
P/B Multiple ₹90.06 ₹120.09 ₹150.11 55
EV/EBIT ₹59.39 ₹129.12 ₹198.86 53
EV/EBITDA ₹39.34 ₹102.39 ₹165.44 54
Asset-Based
NCAV (Graham) ₹35.83 ₹48.01 ₹71.66 50
Economic Profit
Residual Income ₹63.50 ₹71.17 ₹141.84 76
ROIC Compounder ₹10.81 ₹39.15 ₹64.35 72
Growth Earnings
Growth-Adj P/E ₹216.28 ₹308.97 ₹401.67 68

Widest divergence: Growth Earnings (₹308.97) versus Dividend Discount (₹5.90). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹25.1B
Revenue growth (YoY) +12.5%
Net margin 19.9%
Return on equity 10.4%
Free cash flow −₹53.0B FY2026
P/E ratio 46.0
More key figures
Operating margin 65.0%
EPS (TTM) ₹8.14
Dividend yield 0.1%
EPS growth (YoY) +6.3%
Net debt ₹137B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 25/100

Of which business quality 23 · Market factors (momentum, volatility) 77

Profitability 36
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 90
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

ACME Solar Holdings reported revenue of ₹20.2B in FY2026 versus ₹14.9B in FY2022, a compound +8.0%/yr. Reported net income was ₹5.0B in FY2026, compounding +68.4%/yr from FY2022.

Growth Quality 24/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹20.2B
Latest YoY
+44.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.6%
Avg. growth/yr (10Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+189.3%
Revenue +8.0%/yr
FY22 ₹14.9B
FY23 ₹12.9B
FY24 ₹10.7B
FY25 ₹14.1B
FY26 ₹20.2B
Net income +68.4%/yr
FY22 ₹620M
FY23 −₹31.4M
FY24 ₹7.0B
FY25 ₹2.5B
FY26 ₹5.0B

ACMESOLAR screens 66% overvalued. Compare with China Yangtze Power Co →

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Cite: Fair Value Calculator (2026). "ACME Solar Holdings Fair Value". https://www.fairvalue-calculator.com/stock/ACMESOLAR

Peer Group

Utilities - Renewable · 220 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 25 · Bottom 25%
Fair Value upside −66% · Bottom 25%
Return on equity (TTM) 10% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 65% · Top 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 3.31× · Higher than 75% of peers

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 46.0× · Pricier than 75% of peers
P/B 4.99× · Pricier than 75% of peers
P/S (TTM) 10.08× · Pricier than 75% of peers
EV/EBITDA 15.8× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 8
FUTURE 63 · sector 0
PAST 42 · sector 11
HEALTH 0 · sector 68
DIVIDEND 1 · sector 50

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥28.02 ¥25.13 -10%
Ørsted A/S ORSTED kr 148.25 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.69 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,319 ₹169.61 -87%
AXIA Energia SA AXIAP $10.74 $9.54 -11%
VERBUND AG OEWA €56.80 €66.19 +17%
BEP BEP $34.23 $70.40 +106%
BEPUN BEPUN C$44.56 C$10.15 -77%
China Longyuan Power Group 001289 ¥15.92 ¥7.55 -53%
SDIC Power Holdings 600886 ¥13.95 ¥16.63 +19%

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Frequently asked questions

Is ACME Solar Holdings (ACMESOLAR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹128.71 versus a price of ₹374.50, about −66% (overvalued).
What is the fair value of ACMESOLAR?
Our model-based fair value for ACME Solar Holdings is ₹128.71 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹374.50.
What is the quality score of ACMESOLAR?
ACME Solar Holdings has a Quality Score of 25/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of ACME Solar Holdings (ACMESOLAR)?
ACME Solar Holdings reported trailing-twelve-month revenue of about ₹25.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ACMESOLAR?
The net profit margin of ACME Solar Holdings is about 19.9%, meaning it keeps roughly 19.9% of revenue as net income. Based on the latest reported figures.
Does ACME Solar Holdings pay a dividend?
ACME Solar Holdings currently shows a dividend yield of about 0.06% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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