✅ At a Glance
| Metric | FY24 | FY25 | Change |
|---|---|---|---|
| Revenue (Ops) | ₹13,520 Cr | ₹14,051 Cr | 🔼 +3.9% |
| Total Income | ₹14,845 Cr | ₹15,752 Cr | 🔼 +6.1% |
| Net Profit | ₹3,380 Cr | ₹2,508 Cr | 🔽 -25.8% |
| EPS | ₹6.14 | ₹4.55 | 🔽 -26% |
| CMP (19 May) | ₹147.10 | – | – |
| P/E | ~32.3x | TTM basis |
The sun is shining, but so is the debt meter. Profits are real, but interest payments are even realer.
🔋 About ACME Solar Holdings Ltd
ACME Solar is one of India’s largestindependent renewable power producers, primarily focused on solar power generation. It owns and operates solar plants across multiple Indian states and is known for mega-projects.
This is not your average rooftop panel
startup. It’sutility-scale solar, full of subsidies, PPAs, and monster capex.
👨🔧 Key Financials FY25 (Consolidated)
| Item | ₹ Cr |
|---|---|
| Revenue from Ops | ₹14,051 Cr |
| Other Income | ₹1,701 Cr |
| Total Income | ₹15,752 Cr |
| Total Expenses | ₹12,162 Cr |
| Finance Costs | ₹7,592 Cr |
| Depreciation | ₹2,873 Cr |
| PBT | ₹3,380 Cr |
| PAT | ₹2,508 Cr |
| EPS | ₹4.55 |
➡️ 48% of revenue wiped by finance costs.➡️ Interest + depreciation = more than revenue.➡️ This is how infra works:debt-fueled profits with long paybacks.
🧮 Forward Value (FV) Estimate
- EPS (TTM) = ₹4.55
- Reasonable P/E for infra
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