Is Acme Solar Holdings the Best Stock in Its Sector? A Look at the Numbers

Acme Solar Holdings CMP Rs 416 (15 Sep 2026). Market cap Rs 28,406 Cr. ROE 9.86%. P/E 47.17x versus Industry P/E 24.20x.

Updated: 15 Sept 2026 • 10:37 am

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Is Acme Solar Holdings the Best Stock in Its Sector? A Look at the Numbers

Quick Answer

Acme Solar Holdings is one of the names investors compare when screening the Power sector, built on a 9.86% return on equity and a P/E of 47.17x against an Industry P/E of 24.20x. Acme Solar Holdings Ltd develops, builds and operates utility-scale solar and hybrid renewable energy projects across India, selling power under long-term contracts to state distribution utilities and commercial buyers. Whether Acme Solar Holdings is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Power sector peers, so you can judge that for yourself.

Is Acme Solar Holdings the best stock in its sector? The stock trades on the NSE at Rs 416 as of 15 September 2026, within its 52-week range of Rs 195.90 to Rs 430.50. Acme Solar Holdings Ltd develops, builds and operates utility-scale solar and hybrid renewable energy projects across India, selling power under long-term contracts to state distribution utilities and commercial buyers.

Acme Solar Holdings sits in the Power sector, and its 9.86% ROE and 47.17x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.

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Table of Contents

About Acme Solar Holdings

Acme Solar Holdings Ltd develops, builds and operates utility-scale solar and hybrid renewable energy projects across India, selling power under long-term contracts to state distribution utilities and commercial buyers. At a market capitalisation of Rs 28,406 Cr, it is tracked as part of the Power sector on Univest.

Is Acme Solar Holdings the Best Stock in Its Sector?

Acme Solar Holdings makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 9.86% ROE with a 47.17x P/E against the sector’s 24.20x Industry P/E. Acme Solar’s 47.17x P/E sits well above the 24.20x Industry P/E and above the peer average, a premium investors are paying for growth in installed renewable capacity rather than current profitability.

Metric	Acme Solar Holdings
CMP (NSE)	Rs 416.20
52-Week High / Low	Rs 430.50 / Rs 195.90
Market Cap	Rs 28,406 Cr
P/E (TTM) vs Industry P/E	47.17x vs 24.20x
P/B	3.61
ROE	9.86%
EPS (TTM)	Rs 8.52
Dividend Yield	0.04%
Debt to Equity	3.93

Compare Acme Solar Holdings Against Other Power Sector Stocks

How Acme Solar Holdings Compares Against Its Power Sector Peers

The table below sets Acme Solar Holdings against 3 other Power sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 3 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Acme Solar Holdings	28,406	47.17	9.86%	3.93
Suzlon Energy	60,214	19.12	33.43%	0.06
Adani Green Energy	2,11,168	98.39	9.24%	5.19
NTPC Green Energy	73,225	120.69	2.76%	1.67
Peer average (3 companies)	–	79.40	15.14%	2.31

Against this peer set, Acme Solar Holdings’s 9.86% ROE is below the 15.14% peer average, and its P/E of 47.17x runs below the peer average of 79.40x. Acme Solar’s 47.17x P/E sits well above the 24.20x Industry P/E and above the peer average, a premium investors are paying for growth in installed renewable capacity rather than current profitability.

What Makes Acme Solar Holdings Worth Watching in Power

Rapid capacity-led growth: Acme Solar’s business model depends on scaling installed renewable capacity quickly, and revenue and earnings tend to follow project commissioning schedules.
Leveraged growth structure: A debt to equity ratio of 3.93 is typical for a renewable power developer funding large capital projects, and should be read alongside project cash flow visibility rather than in isolation.
Premium valuation for the sub-sector: A 47.17x P/E against a 24.20x Industry P/E reflects the market pricing in future capacity growth rather than current earnings alone.

Acme Solar Holdings Valuation: Is It Justified?

Acme Solar’s 47.17x P/E sits well above the 24.20x Industry P/E and above the peer average, a premium investors are paying for growth in installed renewable capacity rather than current profitability. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Download the Univest iOS App or Univest Android App to track Acme Solar Holdings and other Power sector stocks.

How to Track Acme Solar Holdings Before You Invest

Before deciding whether Acme Solar Holdings deserves its label as the best stock in its sector for your own portfolio, compare it directly against Power sector peers using the steps below.

Open the Univest Screener and search for Acme Solar Holdings to view live price, valuation ratios, and peer comparisons within the Power sector.
Compare its P/E, P/B, and ROE against other Power sector stocks before deciding if the current valuation fits your strategy.
Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Acme Solar Holdings earns a place in the best stock in its sector conversation on the strength of a 9.86% ROE and a P/E of 47.17x against a 24.20x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Is Acme Solar Holdings the best stock in its sector?

Ans. Acme Solar Holdings has a 9.86% ROE and trades at 47.17x P/E against a 24.20x Industry P/E, and compares below the peer average ROE of 15.14% in this article’s named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Acme Solar Holdings?

Ans. Acme Solar Holdings was trading at Rs 416.20 on the NSE as of 15 September 2026, within its 52-week range of Rs 195.90 to Rs 430.50.

What sector does Acme Solar Holdings belong to?

Ans. Acme Solar Holdings is classified under the Power sector on Univest.

How does Acme Solar Holdings compare to its sector peers on P/E?

Ans. Acme Solar Holdings’s P/E of 47.17x is below the 79.40x average of the 3 named peers compared in this article.

What is Acme Solar Holdings’s return on equity?

Ans. Acme Solar Holdings reported a return on equity of 9.86%, which is below the 15.14% average of its named peers in this comparison.

Should I invest in Acme Solar Holdings based on its sector position?

Ans. Acme Solar Holdings’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.