Is Acme Solar Holdings a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Acme Solar Holdings Ltd is a below average quality company .

Is Acme Solar Holdings undervalued or overvalued?

The key valuation ratios of Acme Solar Holdings Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Acme Solar Holdings share price return in the past 10 years?

Data is not available for this company

Is Acme Solar Holdings a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Acme Solar Holdings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Acme Solar Holdings Ltd - Stock Valuation and Financial Performance

Name: Acme Solar Holdings
Brand: Acme Solar Holdings

BSE: 544283 | NSE: ACMESOLAR | Power Generation/Distribution | Small Cap

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Acme Solar Holdings Share Price

₹239.05 -25.00 -9.47%
as on 21-Nov'24 15:43

10 Year X-Ray of Acme Solar Holdings:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0%	-2.7%	0.1%	0.9%	2.8%	5.4%	4.5%	8.4%	2.6%	16.7%	-
Value Creation Index ⓘ	NA	-1.2	-1.0	-0.9	-0.8	-0.6	-0.7	-0.4	-0.8	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	10.6	139	211	1,211	183	759	469	471	471
Sales YoY Gr.	-	NA	NA	1,221.3%	51.3%	474.2%	-84.9%	313.9%	-38.2%	0.5%	-
Adj EPS ⓘ	0	-0.3	0.1	-0.5	-1	2.4	-4.1	-3.1	-4.4	-1.4	6.9
YoY Gr.	-	NA	NA	-633.3%	NA	NA	-274.9%	NA	NA	NA	-
BVPS (₹) ⓘ	0	9.7	12.6	141	140	205.2	207.5	221.4	218.5	258.7	92.5
Adj Net Profit ⓘ	0	-2.5	0.8	-5.1	-10.7	24.5	-42.9	-32.2	-46	-14.3	419
Cash Flow from Ops. ⓘ	0	-2.2	-4.4	24.9	365	166	-35.1	47.3	716	-690	-
Debt/CF from Ops. ⓘ	0	-1.1	-608.4	79.5	6.3	14.4	-51.2	37.1	2.3	-2.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	17.4%	36.9%	0.5%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	NA	13.1%	7.6%	18.4%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-2.8	0.8	-0.6	-0.7	1.4	-2	-1.4	-2	-0.6	4
Op. Profit Mgn % ⓘ	0	-2.4	3	26.1	13.1	24	5.1	-5.8	-11.8	NAN
Net Profit Mgn % ⓘ	0	7.7	-3.6	-5.1	2	-23.4	-4.2	-9.8	-3.1	89.1
Debt to Equity ⓘ	0	23.4	1.3	1.6	1.1	0.8	0.8	0.7	0.6	-
Working Cap Days ⓘ	0	1,269	454	682	263	2,357	634	872	888	0
Cash Conv. Cycle ⓘ	0	192	0	65	9	-217	-35	-28	-26	0

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.90%

Sales growth is growing at healthy rate in last 3 years 36.94%

Debt to equity has declined versus last 3 years average to 0.63

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Acme Solar Holdings Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.9	11.5
TTM Sales (₹ Cr.)	471	1,319
BVPS (₹.) ⓘ	92.5	90.7
Reserves (₹ Cr.) ⓘ	5,478	5,367
P/BV ⓘ	2.85	2.91
PE ⓘ	38.08	22.90

From the Market
52 Week Low / High (₹)	228.15 / 279.00
All Time Low / High (₹)	228.15 / 279.00
Market Cap (₹ Cr.)	15,977
Equity (₹ Cr.)	121
Face Value (₹)	2
Industry PE ⓘ	26.7

Management X-Ray of Acme Solar Holdings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Acme Solar Holdings

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Acme Solar Holdings

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	0	11	139	211	1,211	183	759	469	471
Operating Expenses ⓘ	2	11	135	156	1,053	139	720	496	527
Manufacturing Costs	2	0	67	148	1,015	103	649	443	440
Material Costs	0	0	0	0	0	0	649	443	0
Employee Cost	0	10	52	4	29	28	46	46	68
Other Costs ⓘ	0	1	17	4	9	8	-624	-435	18
Operating Profit ⓘ	-2	0	4	55	158	44	39	-27	-56
Operating Profit Margin (%)	-	-3.7%	3.0%	26.1%	13.1%	24.0%	5.1%	-5.8%	-11.8%
Other Income ⓘ	0	1	23	45	65	145	298	132	134
Interest ⓘ	0	0	35	113	181	171	192	153	180
Depreciation ⓘ	0	0	0	0	0	0	0	0	0
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	620
Profit Before Tax ⓘ	-2	1	-7	-13	42	18	145	-49	518
Tax ⓘ	0	0	-3	-2	11	-6	0	-18	99
Profit After Tax	-2	1	-5	-11	31	24	145	-30	420
PAT Margin (%)	-	6.8%	-3.5%	-5.1%	2.5%	13.2%	19.2%	-6.5%	89.1%
Adjusted EPS (₹)	-0.3	0.1	-0.5	-1.0	2.9	2.3	13.9	-2.9	40.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	88	113	1,473	1,462	2,143	2,167	2,313	2,282	2,702
Share Capital ⓘ	1	90	104	104	104	104	104	104	104
Reserves ⓘ	87	23	1,368	1,358	2,038	2,063	2,208	2,178	2,598
Minority Interest	0	0	0	0	0	0	0	0	0
Debt	2	2,650	1,978	1,307	2,385	1,555	1,754	1,674	1,694
Long Term Debt	0	2,013	1,082	650	1,200	903	1,207	976	1,694
Short Term Debt	2	637	897	657	1,185	652	547	698	0
Trade Payables	0	0	11	9	32	136	263	39	50
Others Liabilities ⓘ	0	9	30	1,461	393	497	309	1,213	1,635
Total Liabilities ⓘ	90	2,772	3,491	4,240	4,952	4,354	4,639	5,208	6,082
Fixed Assets
Gross Block	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0
Net Fixed Assetsⓘ	0	0	0	0	0	0	0	0	0
CWIP ⓘ	0	0	0	0	0	0	0	0	0
Investmentsⓘ	90	2,698	3,205	3,691	3,256	3,106	2,810	4,162	4,265
Inventories	0	0	0	0	0	0	0	0	0
Trade Receivables	0	11	1	102	2	13	67	14	0
Cash Equivalents	0	1	12	34	32	108	332	304	265
Others Assetsⓘ	0	62	272	413	1,662	1,126	1,430	728	1,551
Total Assets ⓘ	90	2,772	3,491	4,240	4,952	4,354	4,639	5,208	6,082

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-2	-4	25	365	166	-35	47	716	-690
PBT ⓘ	-2	1	-7	-13	42	18	145	-49	518
Adjustment ⓘ	0	0	12	68	117	26	-107	22	-572
Changes in Working Capital ⓘ	0	-5	25	317	13	-85	32	776	-640
Tax Paid ⓘ	0	0	-5	-6	-6	6	-23	-33	5
Cash Flow From Investing Activity ⓘ	-90	-2,668	-681	-584	-768	832	415	-765	737
Capex	0	0	0	0	0	0	0	0	0
Net Investments	-90	-2,637	33	-12	-16	-10	-37	-196	-388
Others ⓘ	0	-30	-714	-572	-752	843	452	-569	1,125
Cash Flow From Financing Activityⓘ	92	2,673	668	228	583	-724	-281	-177	52
Net Proceeds from Shares ⓘ	90	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	2,013	432	544	225	-57	64	-232	197
Interest Paid ⓘ	0	0	-24	-77	-170	-134	-240	-85	-144
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0
Others ⓘ	2	659	260	-239	528	-533	-105	140	0
Net Cash Flow ⓘ	0	1	12	9	-19	73	182	-226	100

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-2.8	0.72	-0.62	-0.73	1.71	1.13	6.49	-1.32	16.83
ROCE (%)	-2.73	0.06	0.88	2.78	5.39	4.46	8.39	2.62	16.69
Asset Turnover Ratio	0	0.01	0.04	0.05	0.26	0.04	0.17	0.1	0.08
PAT to CFO Conversion(x)	N/A	-4	N/A	N/A	5.35	-1.46	0.32	N/A	-1.64
Working Capital Days
Receivable Days	0	383	16	89	16	15	19	31	6
Inventory Days	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	112	124	0

Acme Solar Holdings Ltd Stock News

Acme Solar Holdings Ltd FAQs

What is the share price of Acme Solar Holdings?

Company share prices are keep on changing according to the market conditions. The closing price of Acme Solar Holdings on 21-Nov-2024 15:43 is ₹239.1.

What is the market cap of Acme Solar Holdings?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 15:43 the market cap of Acme Solar Holdings stood at ₹15,977.3.

What is the P/E ratio of Acme Solar Holdings?

The latest P/E ratio of Acme Solar Holdings as of 21-Nov-2024 15:43 is 38.08.

What is the P/B ratio of Acme Solar Holdings?

The latest P/B ratio of Acme Solar Holdings as of 21-Nov-2024 15:43 is 2.85.

What is the 52-week high and low of Acme Solar Holdings?

The 52-week high of Acme Solar Holdings is ₹279.0 and the 52-week low is ₹228.2.

What is the TTM revenue of Acme Solar Holdings?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Acme Solar Holdings is ₹470.8 ( Cr.) .

About Acme Solar Holdings Ltd

ACME solar holdings Limited was originally incorporated as ‘ACME Solar Holdings Private Limited’ at Haryana, India, as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated June 3, 2015, issued by the Registrar of Companies, Delhi and Haryana at New Delhi. Upon the conversion of the company into a public limited company, pursuant to a board resolution dated May 1, 2017, and a shareholders’ resolution dated May 2, 2017, the name of the company was changed to ‘ACME Solar Holdings Limited’, and a fresh certificate of incorporation dated May 12, 2017, was issued by the RoC. Pursuant to a board resolution dated January 21, 2020, and a shareholders’ resolution dated January 24, 2020, the company was converted into a private limited company and consequently, the name of the company was changed to ‘ACME Solar Holdings Private Limited’, and a fresh certificate of incorporated dated July 1, 2020, was issued by the Registrar of Companies, New Delhi. Due to administrative and commercial considerations the company was converted from a public limited company to a private limited company on July 1, 2020.

The company is a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects. The company is one of the largest renewable energy independent power producers (IPP) in India. over the years, it has diversified and expanded its portfolio from solar power projects to become an integrated renewable energy company in India. It develops, builds, owns, operates and maintains utility scale renewable energy projects (through its in-house engineering, procurement and construction (EPC) division and operation and maintenance (O&M) team), and generates revenue through the sale of electricity to various off-takers including central and state government-backed entities.

The company was established in 2015 to consolidate the ACME Group’s renewable energy business and to capitalize on the opportunities in the Indian renewable energy industry. The ACME Group is promoted by Manoj Kumar Upadhyay and ACME Cleantech was incorporated in 2003. It originally operated as a provider of energy management solutions to wireless telecommunications operators in India and subsequently entered into the renewable energy generation business in 2009.

Business area of the company

The company is a renewable energy company in India with a portfolio of solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) projects

Awards, accreditations and recognition

2016: ‘Utility Scale Solar Project Developer’ recognition at Solar Today.
2018: ‘Best Corporate Social Responsibilities Practices’ award at ET Now, Rise with India.
2018: ‘Best Solar Utility of the Year’ award at ET Now, Rise with India.
2018: ‘Leadership in Performance’ award at Confederation of Indian Industry, Performance Excellence Award 2018 for Solar and Wind Plants.
2018: Excellence award for solar and wind plants at Confederation of Indian Industry.
2022: ‘Utility Scale Solar Project Developer of year for the state of Maharashtra (Platinum)’ award at Suryacon Pune Conference.
2022: ‘Solar Developer Company of the year (Gold category)’ award at EQ PV Invest Tech India 2022.
2022: ‘Utility Scale Solar company of year for Rajasthan (Gold)’ award at Rajasthan State Annual Solar Awards.
2023: Certificate of recognition for securing silver in the energy and power category ‘Industrial Safety Leadership Award’ to Dayanidhi Solar Power Private Limited at Confederation of Indian Industry Andhra Pradesh Industrial Safety Excellence Awards 2023.
2024: Runner-up awarded for Outstanding Solar Project to Nirosha Power Private Limited by Indian Federation of Green Energy at 4th India Green Energy Awards Utility Scale Solar Developer of the year (Platinum) at India Annual Solar Awards 2024 by EQPro & C2Z.

History and milestones

2015: Incorporation of the company.
2017: Acquisition of operational portfolio of 494 MW renewable energy plants from ACME Group by the Company, along with EPC capabilities to become a vertically integrated renewable energy power developer
2017: Achieved installed capacity of 1 GWp of renewable energy till December 2017.
2017: Expanded its presence to commission renewable energy plants across ten different states in India.
2018: The Company developed 299.5 MWp solar power plant at Bhadla, Rajasthan.
2018: Commissioned over 2 GWp of renewable energy.
2018: Commissioned 50th solar energy power plant.
2020: 400 MW and 100 MW of solar plants sold to ACTIS and AMPLUS, respectively.
2021: 260 MW and 250 MW of solar plants sold to Renew and Ayana, respectively.
2021: Refinanced the debt of certain of its Project SPVs through green bonds wherein the Project SPVs issued unlisted NCDs in Fiscal 2022 for a total amount of Rs 24,855.25 million ($334.00 million) including a top up debt of Rs 5,029.30 million (US$ 67.58 million) to India Cleantech Energy, whose green bonds are listed on the Singapore Stock Exchange.
2022: Commissioned over 3 GWp of renewable energy.
2023: Awarded with its first wind energy project of 150 MW by GUVNL.
2024: 369 MW of solar plants sold to Blupine.
2024: Diversified into complex renewable energy projects with award of 570 MW of FDRE project from SJVN and 680 MW of FDRE projects from NHPC.
2024: Awarded Hybrid/Hybrid with peak power projects of 830 MW.
2024: Awarded Solar project of 300 MW and Solar and BESS of 350 MW.