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ACME Solar Holdings
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ACME Solar Holdings Limited was incorporated as a private limited company with the name 'ACME Solar Holdings Private Limited' on June 3, 2015. Pursuant to the conversion of the Company to a public limited company and the name of the Company was changed to 'ACME Solar Holdings Limited' on May 12, 2017.
ACME Solar is one of the largest solar IPPs in India, having a portfolio of solar power projects (which comprises Operational and Under-construction solar power projects) with an aggregate capacity of 2,351 MWp (1,814 MW). The Company develops, builds, owns, operates and maintains utility scale grid connected solar power projects (through its in-house EPC and O&M operations), and generate revenue through the sale of electricity to central and state government entities and government-backed corporations. The Company is focused on developing and operating on-grid solar power projects using the latest PV technology. The objective of the company is to be one of India's most capital efficient solar power producers, through better project management, development of economies of scale, use of the latest technology and emphasis on timelines and cost efficiency.
The Company is promoted by ACME Cleantech and Manoj Kumar Upadhyay, an innovator and entrepreneur, and It is an integral part of the ACME Group. The ACME Group was established in 2003 and originally operated as a provider of energy management solutions to wireless telecommunications operators in India. The ACME Group currently has businesses in India and abroad in the wireless telecommunications infrastructure sector, the energy storage solutions sector and the solar power projects sector. The Company, ACME Solar Holdings Limited, was established in 2015 to consolidate the ACME Group's solar power business and to capitalize on the opportunities in the Indian solar power industry. Pursuant to the Restructuring, the Company acquired all of the solar power assets of the ACME Group. Subsequently, the Company acquired ACME Cleantech's entire EPC and O&M capabilities during Fiscals 2017 and 2018. As a result of the Restructuring and the acquisition of the EPC and O&M capabilities, the company is able to undertake the full spectrum of the life-cycle of a solar project, from bidding, developing and commissioning the project to the operation and maintenance of the project.
The Company has grown its portfolio of Operational solar power projects from a 15 MW solar power project in Gujarat that was commissioned in December 2011 to having Operational solar power projects with an aggregate installed capacity of 1,043 MWp (874 MW). Additionally, the company is under-construction solar power projects with an aggregate capacity of 1,284 MWp (940 MW). The Company is present across 12 Indian states, Uttarakhand, Gujarat, Chhattisgarh, Telangana, Karnataka, Punjab, Bihar, Uttar Pradesh,Odisha, Madhya Pradesh, Rajasthan and Andhra Pradesh with a portfolio of 33 Operational projects and 14 Underconstruction projects, of which 50.2% (in terms of capacity) are with central government entities. The EPC and O&M teams have successfully developed and operate projects aggregating to 1,043 MWp (874 MW) of installed capacity.
ACME Solar Holdings share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of ACME Solar Holdings indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how ACME Solar Holdings is valued compared to its competitors.
ACME Solar Holdings PE ratio helps investors understand what is the market value of each stock compared to ACME Solar Holdings 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of ACME Solar Holdings evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively ACME Solar Holdings generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of ACME Solar Holdings in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of ACME Solar Holdings shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of ACME Solar Holdings compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of ACME Solar Holdings over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of ACME Solar Holdings helps investors get an insight into when they can enter or exit the stock. Key components of ACME Solar Holdings Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where ACME Solar Holdings shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect ACME Solar Holdings ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of ACME Solar Holdings provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of ACME Solar Holdings highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of ACME Solar Holdings .
The balance sheet presents a snapshot of ACME Solar Holdings ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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