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Acme Solar Holdings (ACMESOLAR)₹407.25+0.90%Power Generation
In the Sep 2026 quarter (consolidated), Acme Solar Holdings reported sales of ₹887 Cr, up 89.4% from Sep 2025, and net profit of ₹268 Cr, up 133.7% year on year. For the year to Mar 2026, sales were ₹2,023 Cr and net profit ₹497 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 332 | 295 | 310 | 260 | 349 | 487 | 511 | 469 | 497 | 548 | 859 | 887 |
| Expenses | 53.95 | 93.90 | 37.98 | 38.99 | 41.97 | 50.99 | 52.97 | 67.98 | 51.93 | 68.91 | 123 | 134 |
| Operating Profit | 276 | 201 | 272 | 221 | 306 | 435 | 457 | 400 | 443 | 478 | 733 | 752 |
| OPM % | 84.1% | 68.1% | 88.0% | 85.1% | 88.1% | 90.0% | 90.0% | 86.1% | 89.0% | 87.0% | 86.0% | 85.0% |
| Other Income | 39.13 | 722 | 30.10 | 36.11 | 45.15 | 38.12 | 57.17 | 139 | 120 | 172 | 96.35 | 120 |
| Interest | 202 | 177 | 196 | 178 | 179 | 206 | 232 | 265 | 287 | 336 | 343 | 345 |
| Depreciation | 84.77 | 60.83 | 55.78 | 59.83 | 69.81 | 102 | 108 | 117 | 120 | 123 | 155 | 171 |
| Profit before tax | 29.09 | 683 | 50.11 | 18.05 | 103 | 166 | 175 | 156 | 156 | 190 | 332 | 357 |
| Tax % | −55.1% | 21.9% | 96.9% | 16.0% | −8.0% | 27.0% | 25.0% | 26.0% | 26.9% | 26.9% | 29.0% | 25.0% |
| Exceptional items | 1.99 | 547 | 0.00 | 0.00 | −5.99 | −9.98 | −11.98 | 2.99 | 0.00 | 4.99 | 0.00 | 0.00 |
| Net Profit | 43.86 | 530 | 0.99 | 14.95 | 112 | 122 | 130 | 115 | 114 | 138 | 234 | 268 |
| EPS (Rs) | 0.86 | 10.22 | 0.04 | 0.30 | 1.86 | 2.05 | 2.17 | 1.91 | 1.89 | 2.31 | 3.34 | 3.81 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,779 | 1,692 | 1,489 | 1,296 | 1,319 | 1,406 | 2,023 | 2,791 |
| Expenses | 129 | 139 | 247 | 122 | 225 | 168 | 238 | 378 |
| Operating Profit | 1,647 | 1,549 | 1,238 | 1,171 | 1,093 | 1,235 | 1,783 | 2,406 |
| OPM % | 93.0% | 92.0% | 83.0% | 91.0% | 83.1% | 88.0% | 88.0% | 86.2% |
| Other Income | 82.22 | 219 | 406 | 106 | 894 | 147 | 484 | 509 |
| Interest | 1,235 | 1,149 | 994 | 807 | 766 | 757 | 1,121 | 1,312 |
| Depreciation | 702 | 620 | 545 | 484 | 307 | 286 | 466 | 568 |
| Profit before tax | −211 | −1.01 | 102 | −15.03 | 912 | 339 | 679 | 1,035 |
| Tax % | −141.1% | −1,470.0% | 39.0% | −79.1% | 22.9% | 26.0% | 25.9% | — |
| Exceptional items | 0.00 | 97.87 | 276 | 33.95 | 571 | −16.97 | −0.99 | 4.99 |
| Net Profit | 85.70 | 14.96 | 61.78 | −2.99 | 695 | 250 | 497 | 753 |
| EPS (Rs) | 1.65 | 0.30 | 1.20 | −0.07 | 13.38 | 4.18 | 8.25 | 11.35 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 5.0% | 0.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 104 | 104 | 104 | 104 | 104 | 121 | 121 |
| Reserves | 1,087 | 1,751 | 1,803 | 1,793 | 2,483 | 4,387 | 4,934 |
| Borrowings | 10,607 | 9,735 | 7,920 | 9,017 | 8,545 | 10,995 | 19,912 |
| Other Liabilities | 3,657 | 896 | 968 | 1,108 | 2,070 | 2,641 | 3,173 |
| Total Liabilities | 15,455 | 12,486 | 10,796 | 12,022 | 13,203 | 18,143 | 28,139 |
| Fixed Assets | 9,642 | 8,976 | 6,173 | 6,625 | 6,749 | 12,314 | 15,718 |
| CWIP | 220 | 97.12 | 1,275 | 2,147 | 2,828 | 1,363 | 4,362 |
| Investments | 0.00 | 25.11 | 25.11 | 23.08 | 151 | 276 | 276 |
| Other Assets | 5,593 | 3,387 | 3,323 | 3,227 | 3,475 | 4,189 | 7,784 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.99 | 16.95 |
| Trade receivables | 674 | 724 | 827 | 699 | 422 | 381 | 333 |
| Cash & equivalents | 662 | 945 | 765 | 1,341 | 1,319 | 2,925 | 6,175 |
| Total Assets | 15,455 | 12,486 | 10,796 | 12,022 | 13,203 | 18,143 | 28,139 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 926 | 1,752 | 958 | 1,267 | 1,439 | 1,549 | 1,254 |
| Cash from investing activity | −1,423 | 457 | −424 | −1,407 | −1,883 | −3,966 | −7,299 |
| Cash from financing activity | 474 | −2,039 | −556 | 215 | 216 | 3,406 | 7,015 |
| Net cash flow | −30.89 | 163 | −24.91 | 68.77 | −237 | 972 | 944 |
| Capex | 2,254 | 187 | 1,454 | 771 | 2,831 | 3,278 | 5,340 |
| Free cash flow | −1,322 | 1,555 | −494 | 493 | −1,364 | −1,713 | −4,054 |
| CFO / OP % | 56.9% | 112.0% | 78.9% | 112.0% | 132.0% | 135.0% | 74.9% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 137 | 155 | 202 | 196 | 115 | 98 | 59 |
| Cash conversion cycle | 138 | 156 | 203 | 197 | 116 | 99 | 60 |
| Working capital days | −97 | −79 | 81 | 111 | 72 | −118 | −432 |
| ROCE % | — | 9.0% | 7.0% | 7.0% | 8.0% | 8.0% | 9.0% |
For the Sep 2026 quarter, Acme Solar Holdings reported sales of ₹887 Cr, up 89.4% year on year and net profit of ₹268 Cr, up 133.7% year on year. The operating margin was 85.0%.
Acme Solar Holdings' sales for the year to Mar 2026 were ₹2,023 Cr; over the last twelve months they were ₹2,791 Cr.
Net profit for the year to Mar 2026 was ₹497 Cr, and ₹753 Cr over the last twelve months. Earnings per share over the same trailing period were ₹11.35.
Acme Solar Holdings reported borrowings of ₹19,912 Cr at Mar 2026, against cash and equivalents of ₹6,175 Cr.
Cash from operations was ₹1,254 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹4,054 Cr.