ACME Solar Holdings IPO: The Good and the Bad

Published: 07th Nov 2024

By: Value Research

The company

ACME Solar Holdings is a power generation company that primarily deals in renewable energy sources. Its portfolio consists of solar, wind, and hybrid renewable energy projects and it has an operational capacity of 1,340 MW.

IPO details

Post-IPO

Financial history

EBIT is earnings before interest and tax PAT is profit after tax TTM is 12 months ending June 2024

Key ratios

ROE is return on equity ROCE is return on capital employed

The good

The company’s operations are vertically integrated. Its in-house engineering, procurement, and construction (EPC), and operation and maintenance (O&M) teams enable it to effectively save costs.

The bad

The company has actually been loss-making frequently in the past, if you exclude the exceptional items that it has added to its profit figures in the last few years. To read exactly how, head to our story from the link below:

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