ACME Solar Holdings Limited is an Indian electricity producer from renewable energy sources. The company is one of the largest producers of electricity from wind and solar energy in India.

The company specializes in the development, construction, ownership, operation and maintenance of large-scale renewable energy projects. The company achieves this through its in-house engineering, procurement and construction (EPC) division and operations and maintenance (O&M) team. The company’s revenue is generated by selling electricity to various customers, including plants supported by the central and state governments. As of March 31, 2024, the company had a total operational project capacity of 1,320 MW (1,802 MWp) in solar power projects. In addition, it had a contracted project capacity of 1,650 MW, comprising 1,500 MW (2,192 MWp) of solar power projects and 150 MW of wind power projects. In addition, the awarded project capacity under construction amounted to 2,380 MW, consisting of 300 MW of solar power projects, 830 MW of hybrid power projects and 1,250 MW of FDRE power projects.

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• Largest renewable energy company with strong industry growth in the IPP business;
• End-to-end value chain and integrated approach to renewable energy project development through in-house project development, EPC and O&M teams;
• An expansive portfolio diversified across different renewable energy technologies;
• Long-term stable cash flows based on contracts with central and state government agencies;
• Access to diversified funding sources;
• Design and value engineering leading to greater efficiency; and

Experienced promoters and management team.

• Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries; &
• General corporate purposes.

The company is providing all kind of power generation services and products. Its fall in profits for FY23 due to impact of amortization and sale of some projects, and the sudden boost in bottom lines in FY24 for higher other income and exceptional items. At this valuation, the stock looks fully priced. Hence, Well-informed investors subscribe for long term.