| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 887 | 468 | +89.6% |
| EBITDA | 753 | 400 | +88.3% |
| EBITDA margin | 84.9% | 85.6% | −0.6 pts |
| Profit before tax | 356 | 156 | +128.0% |
| Net profit | 269 | 115 | +133.5% |
| EPS | ₹4.00 | ₹1.90 | +110.5% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 |
|---|
| 25,172 | — | — | |
| 4,384 | 2,231 | 1,284 | |
| −1.1 | −1.3 | −1.3 | |
| 18,988 | 18,988 | 10,423 | |
| 39,775 | — | — | |
| 2,789 | 2,023 | 1,405 | |
| — | +44.0% | — | |
| 2,411 | 1,781 | 1,235 | |
| 86.4% | 88.0% | 87.9% | |
| 1,841 | 1,313 | 948 | |
| 756 | 498 | 251 | |
| 27.1% | 24.6% | 17.9% | |
| ₹12.50 | ₹8.24 | ₹4.16 | |
| — | +97.9% | — | |
| — | 1,249 | 1,543 | |
| — | −5,321 | −3,266 | |
| −4,073 | −4,073 | −1,723 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|
| Market Capitalization | — | — | 25,172.1 | |
| - Cash, Equiv & ST Investments | 1,284.3 | 2,230.9 | 4,384.1 | |
| + Minority Interest | -1.3 | -1.3 | -1.1 | |
| + Total Debt | 10,422.7 | 18,988.0 | 18,988.0 | |
| Enterprise Value | — | — | 39,775.0 | |
| Revenue | 1,405.1 | 2,023.4 | 2,789.2 | |
| Growth %, YoY | — | +44.0 | — | |
| EBITDA | 1,235.4 | 1,781.3 | 2,411.0 | |
| Margin % | 87.92 | 88.04 | 86.44 | |
| EBIT | 948.1 | 1,313.4 | 1,841.0 | |
| Net Income | 250.8 | 497.9 | 756.0 | |
| Margin % | 17.85 | 24.61 | 27.11 | |
| EPS, Adj (current shares) | 4.16 | 8.24 | 12.50 | |
| Growth %, YoY | — | +97.9 | — | |
| Cash from Operations | 1,543.0 | 1,248.6 | — | |
| Capital Expenditures | -3,266.0 | -5,321.2 | — | |
| Free Cash Flow | -1,723.0 | -4,072.6 | -4,072.6 | |
Prices at the previous close · figures from the company's filings with NSE
ACME Solar Holdings (NSE: ACMESOLAR) had a market capitalisation of ₹29,355 crore at the previous close (₹415.80 a share), a PE ratio of 38.8 on the last four quarters' profit and a price-to-book ratio of 3.51. In FY26 its consolidated net profit was ₹499 crore on revenue of ₹2,023 crore; in Q2 FY27 (July–September 2026) it was ₹268 crore, up 133.2% year on year. Its debt-to-equity ratio was 3.17 on 30 September 2026. Promoters held 71.40% of the shares on 30 September 2026.
ACME Solar Holdings' PE ratio is 38.8 at the previous close (₹415.80 a share): a market capitalisation of ₹29,355 crore divided by consolidated net profit of ₹757 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹499 crore) it is 58.8.
ACME Solar Holdings' price-to-book (PB) ratio is 3.51 at the previous close: a market capitalisation of ₹29,355 crore divided by shareholders' equity (book value) of ₹8,362 crore on 30 September 2026. That is a book value of ₹118.45 per share against a share price of ₹415.80.
In FY26, ACME Solar Holdings' return on equity (ROE) was 10.4% and its return on capital employed (ROCE) was 6.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities).
ACME Solar Holdings' market capitalisation was ₹29,355 crore at the previous close: 70.6 crore shares at ₹415.80 each.
ACME Solar Holdings' basic earnings per share (EPS) were ₹8.24 in FY26, against ₹4.55 in FY25.
In 2026, ACME Solar Holdings has declared one dividend: ₹0.20 (interim) with record date 6 February 2026.
No. ACME Solar Holdings had borrowings of ₹26,525 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 3.17. Its cash and current investments were ₹10,580 crore, so its net debt was ₹15,945 crore.
ACME Solar Holdings' debt-to-equity ratio was 3.17 on 30 September 2026: borrowings of ₹26,525 crore against total equity of ₹8,361 crore. A year earlier, on 30 September 2025, it was 2.57.
ACME Solar Holdings' net worth — shareholders' equity in its consolidated balance sheet — was ₹8,362 crore on 30 September 2026, up 74.8% from ₹4,784 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹29,355 crore at the previous close.
ACME Solar Holdings' book value per share was ₹118.45 on 30 September 2026: shareholders' equity of ₹8,362 crore divided by the 70.6 crore shares in issue. The share price at the previous close was ₹415.80.
Promoters held 71.40% of ACME Solar Holdings on 30 September 2026, unchanged from the previous quarter and down 12.01 percentage points from 83.41% a year earlier, according to the shareholding pattern filed with NSE.
In FY26 (April 2025–March 2026), ACME Solar Holdings' consolidated net profit was ₹499 crore, up 97.9% from ₹252 crore in FY25, on revenue from operations of ₹2,023 crore (up 44.0%).
On 30 September 2026, ACME Solar Holdings' shares were held by promoters 71.40%, foreign portfolio investors (FII/FPI) 6.44%, domestic institutions (DII) 17.46% (including mutual funds at 14.96%) and retail and other non-institutional investors 4.57%. Over the year, FII holding was up 0.87 percentage points from 5.57% and DII holding was up 11.07 percentage points from 6.39%.
In FY26, ACME Solar Holdings generated ₹1,249 crore of cash from operations and spent ₹5,321 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹4,073 crore. In FY25 it was −₹1,723 crore.
On FY26 consolidated figures, against Adani Green, NTPC Green Energy and Insolation Energy: ACME Solar Holdings' operating margin of 64.9% is the highest of the four (Adani Green 57.2%, NTPC Green Energy 48.0%, Insolation Energy 11.7%; peer average 39.0%); its return on equity of 10.4% is the second highest of the four (Adani Green 10.3%, NTPC Green Energy 2.8%, Insolation Energy 24.8%; peer average 12.6%).
ACME Solar Holdings' latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit ₹268 crore, up 133.2% from ₹115 crore in Q2 FY26; revenue from operations ₹887 crore, up 89.6% year on year.
ACME Solar Holdings has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, ACME Solar Holdings earned net profit of ₹499 crore on revenue of ₹2,023 crore, against ₹1,652 crore on ₹12,928 crore for Adani Green. ACME Solar Holdings' operating margin was 64.9% (Adani Green 57.2%) and its return on equity 10.4% (Adani Green 10.3%).
From ACME Solar Holdings' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.