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ACMESOLAR - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.5

Last Updated Time : 03 Feb 26, 06:04 pm

Fundamental Rating: 2.5

Stock Code ACMESOLAR Market Cap 13,210 Cr. Current Price 218 ₹ High / Low 324 ₹
Stock P/E 255 Book Value 76.2 ₹ Dividend Yield 0.09 % ROCE 7.63 %
ROE 5.18 % Face Value 2.00 ₹ DMA 50 229 ₹ DMA 200 247 ₹
Chg in FII Hold -1.54 % Chg in DII Hold 0.48 % PAT Qtr 31.7 Cr. PAT Prev Qtr 29.4 Cr.
RSI 46.8 MACD -3.99 Volume 3,63,828 Avg Vol 1Wk 6,10,929
Low price 172 ₹ High price 324 ₹ PEG Ratio 4.61 Debt to equity 0.64
52w Index 30.2 % Qtr Profit Var 2,394 % EPS 0.88 ₹ Industry PE 25.4

📊 Core Financials

  • Revenue & Profitability: PAT improved slightly from 29.4 Cr. to 31.7 Cr., but EPS remains very low at ₹0.88.
  • Margins: ROE at 5.18% and ROCE at 7.63% are weak, reflecting limited efficiency.
  • Debt: Debt-to-equity ratio of 0.64 indicates moderate leverage, adding financial risk.
  • Cash Flow: Earnings are inconsistent, raising concerns about sustainable cash generation.

💹 Valuation Indicators

  • P/E Ratio: 255 vs. industry average of 25.4 — extremely overvalued.
  • P/B Ratio: Current price (₹218) vs. book value (₹76.2) → ~2.9x, moderately expensive.
  • PEG Ratio: 4.61, suggesting growth is priced at a very high multiple.
  • Intrinsic Value: Current valuation far exceeds fundamentals, indicating overpricing.

🏢 Business Model & Competitive Advantage

  • Acme Solar operates in renewable energy, a sector with strong long-term demand potential.
  • Competitive advantage lies in early positioning within solar energy, but profitability remains weak.

📈 Technicals & Entry Zone

  • DMA 50 (₹229) and DMA 200 (₹247) are above current price, showing weakness.
  • RSI at 46.8 indicates neutral momentum; MACD negative suggests bearish sentiment.
  • Entry Zone: Attractive only if price corrects closer to ₹170–185 range, aligning with fundamentals.
  • Long-Term Holding: Risky unless earnings improve significantly; better to wait for consistent profitability.


✅ Positive

  • Operates in renewable energy, a sector with long-term growth potential.
  • Quarterly PAT growth (+2,394% YoY) shows improvement from a low base.
  • DII holdings increased (+0.48%), showing some domestic institutional support.

⚠️ Limitation

  • Extremely high P/E ratio (255) compared to industry average.
  • Weak ROE (5.18%) and ROCE (7.63%).
  • Moderate debt-to-equity ratio (0.64) adds financial risk.

📉 Company Negative News

  • FII holdings decreased (–1.54%), signaling reduced foreign investor confidence.
  • Stock trading below DMA 50 and DMA 200, showing technical weakness.

📈 Company Positive News

  • Quarterly PAT improved slightly, showing operational progress.
  • Institutional domestic support increased (+0.48%).

🏭 Industry

  • Renewable energy industry is poised for long-term growth due to government support and rising demand.
  • Industry average P/E (25.4) highlights Acme Solar’s extreme overvaluation.

🔎 Conclusion

  • Acme Solar is fundamentally weak with low profitability and high debt.
  • Valuations are stretched far beyond industry averages, making it risky.
  • Recommendation: Avoid fresh entry at current levels; consider only if price corrects to ₹170–185 and earnings stabilize. Long-term holding viable only with significant improvement in profitability.

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