ACME Solar Holdings Limited is one of India’s leading renewable energy companies, specializing in the development, construction, and operation of solar power projects. The company focuses on providing clean, sustainable, and affordable energy solutions to address the growing energy needs of the nation while reducing carbon emissions. ACME Solar is committed to advancing India’s renewable energy goals through innovation and large-scale solar installations. As of December 18, 2024, the ACME Solar share price on the NSE is ₹241. Below are the projected ACME Solar share price target for the years 2025, 2026, 2027, 2030, 2035 and 2040.
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ACME Solar Holdings Limited Company Overview
Founded in 2003 and headquartered in Gurugram, Haryana, ACME Solar has established itself as a key player in the renewable energy sector. The company has a significant portfolio of operational and under-development solar projects across India, with a total capacity of several gigawatts. ACME Solar is known for its expertise in developing high-efficiency solar parks and leveraging advanced technologies to maximize energy output. By aligning its operations with global sustainability goals, the company plays a crucial role in India’s transition to a green energy future.
| Company type | Private |
| Traded as | BSE: 544283 NSE: ACMESOLAR |
| ISIN | INE622W01025 |
| Founded | 2003 |
| Founder | Mr. Manoj K Upadhyay |
| Headquarters | Plot No. 152, Sector – 44, Gurugram – 122002, Haryana, India. |
| Key people | Manoj Kumar Upadhyay (Chairman and Managing Director) Shashi Shekhar (Whole – Time Director and Vice Chairman) Nikhil Dhingra (Whole – Time Director and Chief Executive Officer) Sanjay Dhawan (Independent Director) Anuranjita Kumar (Independent Director) Atul Sabharwal (Independent Director) |
| Revenue | ₹1,466 Crore (2024) |
| Net Profit | ₹698 Crore (2024) |
| Total Assets | ₹13,394 Crore (2024) |
| Total Equity | ₹2,591 Crore (2024) |
| Number of employees | 214 employees (March 31, 2024) |
| Phone No | +91-124-7117000 |
| Website | https://www.acmesolar.in/ |
ACME Solar Share Price Forecast From 2025 to 2040
| Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
| 2024 | ₹290 | ₹227 | ₹275 |
| 2025 | ₹356 | ₹265 | ₹320 |
| 2026 | ₹410 | ₹307 | ₹370 |
| 2027 | ₹492 | ₹355 | ₹460 |
| 2028 | ₹564 | ₹449 | ₹530 |
| 2029 | ₹688 | ₹515 | ₹640 |
| 2030 | ₹805 | ₹610 | ₹770 |
| 2035 | ₹1,581 | ₹705 | ₹1,440 |
| 2040 | ₹2,647 | ₹1,295 | ₹2,490 |
Technical Analysis for ACME Solar Holdings
ACME Solar Share Price Target For 2025
| Year | 1st Target | 2nd Target |
| 2025 | ₹315 | ₹356 |
In 2025, ACME Solar Holdings’ share price is expected to reach ₹315 as the first target and ₹356 as the second target. This growth reflects the company’s position as a leader in renewable energy and its increasing focus on solar power projects.
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ACME Solar Share Price Target For 2026
| Year | 1st Target | 2nd Target |
| 2026 | ₹370 | ₹410 |
By 2026, ACME Solar Holdings is projected to achieve a share price of ₹370 as the first target and ₹410 as the second target. This progression is driven by the company’s expanding portfolio of solar installations and strategic initiatives to enhance operational efficiency.
ACME Share Price Target For Year 2027
| Year | 1st Target | 2nd Target |
| 2027 | ₹445 | ₹492 |
In Year 2027, ACME Solar share price is anticipated to climb to ₹445 as the first target and ₹492 as the second target. The company’s innovative approach to solar technology and its commitment to sustainability are key factors supporting this growth.
ACME Solar Holdings Share Price Forecast for 2028
| Year | 1st Target | 2nd Target |
| 2028 | ₹520 | ₹564 |
For 2028 Forecast, ACME Solar Holdings’ share price could reach ₹520 as the first target and ₹564 as the second target. This reflects the company’s ability to leverage market opportunities and its dedication to expanding clean energy solutions.
ACME Solar Stock Price Target For 2029
| Year | 1st Target | 2nd Target |
| 2029 | ₹645 | ₹688 |
By 2029, ACME Solar stock price is expected to rise to ₹645 as the first target and ₹688 as the second target. The increasing global emphasis on renewable energy is likely to bolster the company’s growth in the solar power sector.
ACME Solar Price Target of Stock In Year 2030
| Year | 1st Target | 2nd Target |
| 2030 | ₹755 | ₹805 |
Looking forward to 2030, ACME Solar stock price could reach ₹755 as the first target and ₹805 as the second target. These targets highlight the company’s sustained growth and leadership in the renewable energy industry.
Share Price Target For ACME Solar Holdings in Year 2035
| Year | 1st Target | 2nd Target |
| 2035 | ₹1,385 | ₹1,581 |
In Year 2035, The share price is projected for ACME Solar Holdings’ to achieve ₹1,385 as the first target and ₹1,581 as the second target. This growth underscores the company’s strategic investments in solar energy and its ability to capitalize on the transition to cleaner energy sources.
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ACME Solar Share Price Prediction For 2040
| Year | 1st Target | 2nd Target |
| 2040 | ₹2,245 | ₹2,647 |
For 2040, ACME Solar share price is anticipated to soar to ₹2,245 as the first target and ₹2,647 as the second target. This significant increase reflects the company’s role as a global leader in solar energy and its commitment to driving innovation and sustainability in the renewable energy space.
ACME Solar Holdings Limited Fundamentals
| Parameter | Value |
| Market Cap | ₹856Cr |
| P/E Ratio (TTM) | 14.17 |
| P/B Ratio | 2.31 |
| Industry P/E | 28.15 |
| Debt to Equity | 1.03 |
| ROE | 0.00% |
| EPS (TTM) | 12.97 |
| Dividend Yield | 0.00% |
| 52 Week High | ₹204 |
| 52 Week Low | ₹139 |
| Book Value | 79.55 |
| Face Value | 10 |
ACME Solar Holdings Limited Financial Results
| All in ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales | 1,692 | 1,488 | 1,295 | 1,319 |
| Expenses | 139 | 247 | 122 | 230 |
| Operating Profit | 1,553 | 1,240 | 1,173 | 1,089 |
| OPM % | 92% | 83% | 91% | 83% |
| Other Income | 218 | 404 | 106 | 896 |
| Interest | 1,151 | 996 | 809 | 767 |
| Depreciation | 622 | 546 | 485 | 308 |
| Profit before tax | -1 | 102 | -15 | 910 |
| Tax % | -1470% | 39% | -79% | 23% |
| Net Profit | 15 | 62 | -3 | 698 |
| EPS in Rs | 1.46 | 5.94 | -0.3 | 66.85 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | Compounded Profit Growth | |||
| 3 Years: | -8% | 3 Years: | 52% | |
| TTM: | 2% | TTM: | 435% | |
| Return on Equity | ||||
| 3 Years: | -2% | |||
| Last Year: | 5% | |||
ACME Solar Holdings Limited Balance Sheet
| All in ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 104 | 104 | 104 | 104 | 104 |
| Reserves | 1,753 | 1,804 | 1,796 | 2,487 | 1,853 |
| Borrowings | 9,732 | 7,915 | 9,014 | 8,535 | 10,698 |
| Other Liabilities | 900 | 973 | 1,113 | 2,075 | 2,866 |
| Total Liabilities | 12,489 | 10,797 | 12,027 | 13,201 | 15,521 |
| Fixed Assets | 8,984 | 6,177 | 6,631 | 6,758 | 6,667 |
| CWIP | 97 | 1,273 | 2,147 | 2,823 | 5,730 |
| Investments | 25 | 25 | 23 | 150 | 276 |
| Other Assets | 3,383 | 3,322 | 3,226 | 3,471 | 2,849 |
| Total Assets | 12,489 | 10,797 | 12,027 | 13,201 | 15,521 |
ACME Solar Holdings Limited Shareholding Pattern
| Nov 2024 | |
| Promoters | 83.41% |
| FIIs | 6.69% |
| DIIs | 5.81% |
| Public | 4.08% |
| No. of Shareholders | 2,07,288 |
ACME Solar Holdings Limited Peers comparison
| Sector: Infrastructure Developers & Operators | Industry: Engineering – Turnkey Services | ||||
| Name | P/E | Mar Cap ₹Cr. | NP Qtr ₹Cr. | Sales Qtr ₹Cr. | ROCE % |
| Larsen & Toubro | 39.56 | 532368 | 4098 | 61554 | 13.44 |
| Techno Elec.Engg | 52.38 | 16598 | 94 | 441 | 16.53 |
| ACME Solar Hold. | 133.62 | 16434 | 15 | 259 | 8.41 |
| Reliance Infra. | 11646 | 4194 | 7258 | 7.38 | |
| ISGEC Heavy | 39.76 | 11580 | 95 | 164 | 12.31 |
| Sterling & Wils. | 11569 | 8 | 1030 | 3.77 | |
| Engineers India | 30.88 | 11440 | 99 | 688 | 22.21 |
FAQs
Q.1. What is the share price target for ACME Solar Holdings in 2025?
Ans: The share price target for ACME Solar Holdings in 2025 is ₹315 for the first target and ₹356 for the second target, reflecting initial growth expectations.
Q.2. What is the share price target for ACME Solar Holdings in 2026?
Ans: For 2026, the share price targets are ₹370 for the first target and ₹410 for the second target, showcasing anticipated steady growth.
Q.3. What is the share price target for ACME Solar Holdings in 2027?
Ans: The share price targets for 2027 are ₹445 for the first target and ₹492 for the second target, indicating a positive trajectory.
Q.4. What is the share price target for ACME Solar Holdings in 2028?
Ans: In 2028, the projected share price targets are ₹520 for the first target and ₹564 for the second target, highlighting a promising performance outlook.
Q.5. What is the share price target for ACME Solar Holdings in 2029?
Ans: By 2029, the share price targets are ₹645 for the first target and ₹688 for the second target, signaling consistent long-term growth.
Q.6. What is the share price target for ACME Solar Holdings in 2030?
Ans: The share price targets for 2030 are ₹755 for the first target and ₹805 for the second target, reflecting sustained optimism in the company’s future.
Q.7. What is the share price target for ACME Solar Holdings in 2035?
Ans: In 2035, the long-term share price targets are ₹1,385 for the first target and ₹1,581 for the second target, suggesting significant potential growth over a decade.
Q.8. What is the share price target for ACME Solar Holdings in 2040?
Ans: By 2040, the share price targets are ₹2,245 for the first target and ₹2,647 for the second target, indicating robust long-term market confidence.
Q.9. What are the NSE and BSE codes for ACME Solar Holdings?
Ans: ACME Solar Holdings is listed on the Bombay Stock Exchange (BSE) with the code 544283 and on the National Stock Exchange (NSE) under the code ACMESOLAR.
Q.10. Who is the CEO of ACME Solar Holdings?
Ans: The CEO of ACME Solar Holdings is Nikhil Dhingra.
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