Acme Solar Holdings (ACMESOLAR) | Financial Analysis & Statements
Acme Solar Holdings Ltd. Mid-cap Utilities
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
5.1B
Operating Income
3.5B
68.55%
Net Income
1.3B
25.60%
EPS (Diluted)
₹2.14
Balance Sheet Metrics
Total Assets
184.0B
Total Liabilities
138.9B
Shareholders Equity
45.1B
Debt to Equity
3.08
Cash Flow Metrics
Operating Cash Flow
12.5B
Free Cash Flow
5.1B
Revenue & Profitability Trend
Quarter Income Flow
Jun 30, 2025
Annual Income Flow
2025
Acme Solar Holdings Income Statement From 2022 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 14.1B | 13.2B | 12.9B | 14.9B |
| Cost of Goods Sold | 510.8M | 461.0M | 567.6M | 1.6B |
| Gross Profit | 13.5B | 10.2B | 12.4B | 13.3B |
| Gross Margin % | 96.4% | 77.5% | 95.6% | 89.5% |
| Operating Expenses | ||||
| Research & Development | - | - | - | - |
| Selling, General & Administrative | 270.4M | 303.4M | 256.0M | 408.3M |
| Other Operating Expenses | 210.5M | 1.7B | 43.0M | 98.9M |
| Total Operating Expenses | 480.8M | 2.0B | 299.0M | 507.2M |
| Operating Income | 9.5B | 7.8B | 6.9B | 7.0B |
| Operating Margin % | 67.6% | 59.2% | 53.2% | 46.8% |
| Non-Operating Items | ||||
| Interest Income | 1.3B | 1.0B | 536.2M | 513.1M |
| Interest Expense | 7.5B | 7.7B | 8.0B | 9.2B |
| Other Non-Operating Income | - | - | - | - |
| Pre-tax Income | 3.4B | 9.1B | -154.0M | 1.0B |
| Income Tax | 872.2M | 2.1B | -122.3M | 404.2M |
| Effective Tax Rate % | 25.8% | 23.3% | 0.0% | 39.5% |
| Net Income | 2.5B | 7.0B | -31.7M | 620.1M |
| Net Margin % | 17.9% | 52.9% | -0.2% | 4.2% |
| Key Metrics | ||||
| EBITDA | 14.0B | 12.4B | 12.3B | 12.4B |
| EPS (Basic) | ₹4.55 | ₹11.53 | ₹-0.05 | ₹1.03 |
| EPS (Diluted) | ₹4.53 | ₹11.53 | ₹-0.05 | ₹1.03 |
| Basic Shares Outstanding | 554224518 | 605115540 | 605115540 | 605115540 |
| Diluted Shares Outstanding | 554224518 | 605115540 | 605115540 | 605115540 |
Income Statement Trend
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Acme Solar Holdings Balance Sheet From 2022 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ||||
| Current Assets | ||||
| Cash & Equivalents | 12.5B | 2.6B | 4.0B | 4.2B |
| Short-term Investments | 8.9B | 7.7B | 7.2B | 1.4B |
| Accounts Receivable | 3.8B | 4.2B | 7.0B | 9.3B |
| Inventory | 39.3M | - | - | - |
| Other Current Assets | 797.6M | 403.7M | 323.1M | 357.6M |
| Total Current Assets | 37.8B | 31.6B | 27.0B | 23.4B |
| Non-Current Assets | ||||
| Property, Plant & Equipment | 7.4B | 4.7B | 5.2B | 5.0B |
| Goodwill | 260.0K | 280.0K | 300.0K | 320.0K |
| Intangible Assets | 260.0K | 280.0K | 300.0K | 320.0K |
| Long-term Investments | - | - | - | - |
| Other Non-Current Assets | 490.1M | 128.3M | 73.2M | 0 |
| Total Non-Current Assets | 146.2B | 102.4B | 94.8B | 85.5B |
| Total Assets | 184.0B | 134.0B | 121.9B | 108.9B |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | 2.2B | 737.6M | 621.1M | 2.7B |
| Short-term Debt | 6.1B | 5.5B | 5.9B | 6.4B |
| Current Portion of Long-term Debt | - | - | - | - |
| Other Current Liabilities | 95.9M | 94.5M | 95.9M | 130.7M |
| Total Current Liabilities | 13.2B | 14.3B | 9.7B | 12.5B |
| Non-Current Liabilities | ||||
| Long-term Debt | 103.6B | 79.8B | 84.2B | 72.7B |
| Deferred Tax Liabilities | 4.9B | 3.2B | 2.0B | 901.3M |
| Other Non-Current Liabilities | 17.1B | - | - | - |
| Total Non-Current Liabilities | 125.7B | 93.8B | 92.9B | 76.3B |
| Total Liabilities | 138.9B | 108.1B | 102.6B | 88.8B |
| Equity | ||||
| Common Stock | 1.2B | 1.0B | 1.0B | 1.0B |
| Retained Earnings | 5.5B | 2.8B | -3.6B | -3.4B |
| Treasury Stock | - | - | - | - |
| Other Equity | - | - | - | - |
| Total Shareholders Equity | 45.1B | 25.9B | 19.3B | 20.1B |
| Key Metrics | ||||
| Total Debt | 109.8B | 85.4B | 90.1B | 79.1B |
| Working Capital | 24.6B | 17.2B | 17.3B | 10.9B |
Balance Sheet Composition
Acme Solar Holdings Cash Flow Statement From 2022 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | 3.4B | 9.1B | -154.0M | 1.0B |
| Depreciation & Amortization | - | - | - | - |
| Stock-Based Compensation | 240.9M | 0 | - | - |
| Working Capital Changes | 2.6B | 3.3B | 3.5B | -3.9B |
| Operating Cash Flow | 12.3B | 18.3B | 10.6B | 6.4B |
| Investing Activities | ||||
| Capital Expenditures | -32.6B | -28.0B | -7.7B | -14.5B |
| Acquisitions | -50.0K | 11.7B | -929.7M | 0 |
| Investment Purchases | -9.5B | -4.9B | -5.5B | 0 |
| Investment Sales | 1.5B | 1.4B | 1.1B | 11.9B |
| Investing Cash Flow | -40.6B | -19.9B | -12.9B | -2.6B |
| Financing Activities | ||||
| Share Repurchases | - | - | - | - |
| Dividends Paid | - | - | - | - |
| Debt Issuance | 65.2B | 13.2B | 19.3B | 39.0B |
| Debt Repayment | -45.1B | -4.2B | -8.0B | -36.0B |
| Financing Cash Flow | 44.3B | 9.2B | 9.8B | 5.2B |
| Free Cash Flow | -17.2B | -13.9B | 4.9B | -30.6B |
| Net Change in Cash | 16.0B | 7.7B | 7.6B | 9.0B |
Cash Flow Trend
Acme Solar Holdings Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
37.80
Forward P/E
28.64
Price to Book
3.84
Price to Sales
9.36
PEG Ratio
0.00
Profitability Ratios
Profit Margin
24.61%
Operating Margin
65.28%
Return on Equity
5.59%
Return on Assets
1.37%
Financial Health
Current Ratio
2.87
Debt to Equity
271.78
Per Share Data
EPS (TTM)
₹8.03
Book Value per Share
₹78.98
Revenue per Share
₹32.39
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| ACMESOLAR | 184.8B | 37.80 | 3.84 | 5.59% | 24.61% | 271.78 |
| Adani Green Energy | 2.0T | 128.20 | 10.80 | 7.58% | 11.96% | 339.50 |
| NTPC Green Energy | 929.5B | 164.58 | 5.10 | 2.57% | 21.76% | 115.85 |
| Waaree Renewable | 107.3B | 22.43 | 16.28 | 51.26% | -34.03% | 15.60 |
| KPI Green Energy | 90.7B | 21.83 | 3.47 | 12.15% | 17.41% | 88.24 |
| Inox Green Energy | 70.9B | 106.61 | 3.34 | 1.00% | 27.43% | 4.70 |
Financial data is updated regularly. All figures are in the company's reporting currency.




