Incorporation of wholly owned subsidiary
Ask the chart: “Has this stock recovered from similar drawdowns before?”
AI equity note (bull/bear, numbers, sources) — coming soon
Management guidance consistency — coming soon
Latest filings
NSE announcements · newest firstACME Solar has informed the Exchange about the Scheme of Amalgamationamongst ACME Pokhran Solar Private Limited, ACME Sikar Solar Private Limited, ACME Eco Clean Energy Private Limited and ACME Solar Holdings Limited and their respective shareholders and creditors
Commissioning of Battery Energy Storage System (BESS) Project
Press release dated September 16, 2026, titled "ACME Solar commissions 66.68 MW Solar Capacity and 300 MWh BESS Capacity in Rajasthan".
Incorporation of four wholly owned subsidiaries.
Key MetricsFull financials →
P/E (TTM)
44.5×
EPS ₹9.95
P / Book
5.30×
BVPS ₹84
ROE
10.4%
FY26, avg equity
Net margin
24.6%
FY26
Revenue YoY
+67.8%
Q1 FY27
Net profit YoY
+79.9%
Q1 FY27
Debt / equity
3.75×
₹18,988 Cr debt
Div. yield
0.05%
₹0.20 in 12 months
From NSE filings (consolidated) and the last close.
Shareholding Pattern Jun 2026
Promoter pledge: none reported
Peer Comparison
| Company | P/E | P/B | ROE | Margin |
|---|---|---|---|---|
| NTPCGREEN₹78,761 Cr | 130.0× | 4.15× | 2.8% | 18.2% |
| NHPC₹76,342 Cr | 17.9× | 1.84× | 10.4% | 36.3% |
| NLCINDIA₹36,406 Cr | 10.8× | 1.69× | 18.7% | 21.6% |
| ACMESOLAR₹26,813 Cr | 44.5× | 5.30× | 10.4% | 24.6% |
| SJVN₹24,270 Cr | 38.0× | 1.70× | 4.5% | 14.2% |
| CLEANMAX₹16,314 Cr | – | 3.52× | 1.8% | 4.5% |
Power Generation: the companies closest in market value, of the 27 in that basic industry whose filings we hold. Computed from each company's NSE filings (up to Q1 FY27) and the last close; hover a column for its definition.
Forensic Flags6 Watch
Free cash flow was negative in 2 of the last 2 years
Operating cash flow less capital expenditure, as filed.
Debt to equity is 3.75×
As at 2026-03-31.
Profit before interest and tax covers finance costs 1.6×
FY26.
Other income is 71% of profit before tax
FY26.
Promoter holding is 71.40%, -12.01 points over a year
2026-06-30 against 2025-06-30.
Results were filed late in 1 of the last 8 quarters
Slowest filing came 56 days after the period end.
Exceptional items above 5% of pre-tax profit in 1 of the last 2 years
FY25–FY26.
5 checks within their thresholds
Operating cash flow was 3.73× net profit
Cumulative over FY25–FY26 (2 years).
Receivables grew -13% against revenue growth of 44%
FY26: debtor days moved from 99 to 60.
Effective tax rate averaged 26%
Tax over pre-tax profit, last 2 years. The base corporate rate is about 25%.
No promoter shares are pledged
Shareholding pattern as at 2026-06-30.
No auditor change or resignation filings in three years
From NSE announcements on record.
Computed from NSE filings (consolidated). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice. 1 check not run for lack of data.
Formula Scores
Piotroski F-score: 6 of 9 · FY to 2026-03-31one point for each of nine tests on profitability, leverage and liquidity, and operating efficiency, comparing the year with the one before
- ✓ Return on assets positive: 2.71 — profit after tax over the year's opening total assets, %
- ✓ Operating cash flow positive: 1,248.6 — ₹ crore
- ✓ Cash flow above profit (accruals): 750.7 — operating cash flow less profit after tax, ₹ crore
- ✓ Return on assets improved: 1.34 — change in ROA, percentage points
- ✗ Long-term borrowings to assets fell: 5.09 — change in long-term borrowings over total assets, percentage points
- ✗ Current ratio improved: -0.69 — change in current assets over current liabilities
- ✓ No new shares issued: 0.05 — change in share capital, %
- Gross margin improved — material cost not reported (a services company has none)
- ✓ Asset turnover improved: 0.034 — revenue over the year's opening total assets, change
Inputs: profit after tax ₹498 Cr (2026-03-31) · profit after tax ₹251 Cr (2025-03-31) · total assets ₹28,540 Cr (2026-03-31) · total assets ₹18,404 Cr (2025-03-31)
The paper's bands: 8–9: the paper's high group; 0–2: the paper's low group
8 of the nine tests could be run; the score counts the ones that passed
Source: Joseph Piotroski, "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers", Journal of Accounting Research, 2000
Altman Z-score: 1.49 · FY to 2026-03-31Z = 1.2 × working capital / total assets + 1.4 × retained earnings / total assets + 3.3 × EBIT / total assets + 0.6 × market value of equity / total liabilities + 1.0 × sales / total assets
- working capital / total assets: 0.132 × 1.2
- retained earnings / total assets: 0.173 × 1.4 — reserves and surplus as retained earnings
- EBIT / total assets: 0.063 × 3.3 — profit before tax plus finance cost
- market value of equity / total liabilities: 1.359 × 0.6 — market capitalisation over total assets less equity
- sales / total assets: 0.071 × 1
Inputs: total assets ₹28,540 Cr (2026-03-31) · current assets ₹6,976 Cr (2026-03-31) · current liabilities ₹3,220 Cr (2026-03-31) · reserves ₹4,940 Cr (2026-03-31) · total equity ₹5,060 Cr (2026-03-31) · profit before tax ₹677 Cr (2026-03-31) · finance cost ₹1,123 Cr (2026-03-31) · revenue ₹2,023 Cr (2026-03-31) · market capitalisation (today) ₹31,908 Cr
The paper's bands: above 2.99: the paper's safe zone; 1.81–2.99: the grey zone; below 1.81: the distress zone
the 1968 form, fitted on manufacturers; reserves stand in for retained earnings, and profit before tax plus finance cost for EBIT
Source: Edward Altman, "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy", Journal of Finance, 1968
Graham number: 123.9 ₹ per share · FY to 2026-03-31√(22.5 × earnings per share × book value per share): the price at which P/E × P/B = 22.5 (a P/E of 15 at a P/B of 1.5)
- earnings per share: 8.16
- book value per share: 83.61 — owners' equity over shares (paid-up capital / face value)
Inputs: earnings per share 8.16 (2026-03-31) · owners' equity ₹5,061 Cr (2026-03-31) · paid-up capital ₹121 Cr (2026-03-31) · face value 2 (2026-03-31)
a number the book uses as a ceiling for a defensive investor's purchase price; it is arithmetic on two reported figures, not a valuation
Source: Benjamin Graham, The Intelligent Investor (1949; the 22.5 in the 1973 edition's criteria for the defensive investor)
Sloan accrual ratio: -3.2 % of assets · FY to 2026-03-31(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹498 Cr (2026-03-31) · operating cash flow ₹1,249 Cr (2026-03-31) · total assets ₹28,540 Cr (2026-03-31) · total assets ₹18,404 Cr (2025-03-31)
how much of the year's profit was not cash; the paper sorts companies by this and reports the top decile's later returns
Source: Richard Sloan, "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 1996
Each score is its published formula applied to the company's own filings (consolidated); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.