[Dilip Davda] The company is providing all kind of power generation services and products. It attributed fall in profits for FY23 due to impact of amortization and sale of some projects, and the sudden boost in bottom lines in FY24 for higher other income and exceptional items. However, based on its FY25 annualized earnings, the issue appears exorbitantly priced, but based on super profits of FY24, it appears fully priced. Well-informed investors may park moderate funds for long term. Read detail review...

ACME Solar Holdings IPO Peer Comparison

ACME Solar Holdings Limited peer comparison with similar listed entities. (As on March 28, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
ACME Solar Holdings Limited	12.55	12.55	49.61		26.93		Consolidated
Adani Green Energy Ltd	6.21	6.2	85.86	291.7	7.22	21.27	Consolidated
ReNew Energy Global PLC	9.94	9.92	332.16	48.8	3.07	1.46	Consolidated

Notes:

ACME Solar Holdings Limited's financial information is based on the Restated Consolidated Financial Information as of and for the financial year ended March 31, 2024.
The financial information for listed industry peers mentioned above is on a consolidated basis and is sourced from the financial statements of the respective company for the financial year ended March 31, 2024, submitted to the Stock Exchanges and the Nasdaq Stock Market LLC ("Nasdaq").
Basic and Diluted EPS for peers are sourced from the audited financial statements for the relevant year.
The P/E Ratio has been computed based on the closing market price of equity shares on BSE Limited on October 3, 2024, divided by the Diluted EPS.
For listed peers, RoNW is computed as profit attributable to equity shareholders of the company divided by Total Equity attributable to the owners of the Company as of March 31, 2024.
Net Asset Value ("NAV") per share is computed as the closing net worth divided by the equity shares outstanding as of March 31, 2024.

ACME Solar Holdings IPO Review by Members

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ACME Solar Holdings IPO Review Summary by Members

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