ACME Solar Holdings ACMESOLAR
Solar Module Manufacturing (ALMM): Large renewable IPP focused on solar and firm-and-dispatchable (FDRE) power with battery storage (listed Nov 2024)
Mapped in 4 themes: Solar Module Manufacturing (ALMM), Energy Generation, Battery Storage (PLI-ACC) and Green Hydrogen Mission.
Where ACME Solar Holdings sits in the supply chain
ACME Solar Holdings appears in 5 supply-chain layers across 4 themes: Solar Module Manufacturing (ALMM), Energy Generation, Battery Storage (PLI-ACC) and Green Hydrogen Mission.
Solar Module Manufacturing (ALMM) › EPC & Project Developers
OwnerLarge renewable IPP focused on solar and firm-and-dispatchable (FDRE) power with battery storage (listed Nov 2024)
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Energy Generation › Solar & Renewable IPPs
OwnerRenewable IPP focused on solar and firm-and-dispatchable (FDRE) power with battery storage (listed Nov 2024)
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Energy Generation › Storage Integrators & PSP Developers
OwnerRenewable IPP focused on solar and firm-and-dispatchable (FDRE) power with battery storage (listed Nov 2024)
Other companies in this layer
Battery Storage (PLI-ACC) › Grid battery storage (BESS)
OperatorRenewable developer focused on firm and peak-power (FDRE) contracts that bundle solar with large battery storage
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Green Hydrogen Mission › Round-the-clock renewables
Direct supplierListed renewable producer of the ACME group; the group's green ammonia projects sit in the unlisted parent ACME Cleantech, not here
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Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,488 | 1,295 | 1,319 | 1,405 | 2,023 |
| Net profit | 62 | −3 | 698 | 251 | 498 |
Latest-year revenue ₹2,023 Cr (FY26, company-wide).
Strengths · in Solar Module Manufacturing (ALMM)
- Has won several FDRE and storage-linked tenders, which pay higher tariffs than plain solar
- Long-dated PPAs with central agencies underpin revenue visibility
Risks · in Solar Module Manufacturing (ALMM)
- High leverage funding a large construction pipeline
- FDRE projects combine solar, wind and batteries, so execution is harder than for a plain solar plant
Common questions
What does ACME Solar Holdings do?
In Solar Module Manufacturing (ALMM): Large renewable IPP focused on solar and firm-and-dispatchable (FDRE) power with battery storage (listed Nov 2024). NextResearch maps it in 4 supply chains: Solar Module Manufacturing (ALMM), Energy Generation, Battery Storage (PLI-ACC) and Green Hydrogen Mission.
Where does ACME Solar Holdings sit in the supply chain?
ACME Solar Holdings (NSE: ACMESOLAR) is mapped in 5 supply-chain layers: EPC & Project Developers (Solar Module Manufacturing (ALMM)), Solar & Renewable IPPs (Energy Generation), Storage Integrators & PSP Developers (Energy Generation), Grid battery storage (BESS) (Battery Storage (PLI-ACC)) and 1 more.
Who are ACME Solar Holdings' peers?
In the EPC & Project Developers layer of Solar Module Manufacturing (ALMM): Sterling and Wilson Renewable Energy, KPI Green Energy, Adani Green Energy, Tata Power, Clean Max Enviro Energy Solutions, Juniper Green Energy and 4 more.
What is ACME Solar Holdings' market cap and valuation?
As of 6 Nov 2026: market cap ₹27,880 Cr, P/E 37.1x, ROCE 8.9%, ROE 10.4%, dividend yield 0.05%.