| Additional Capacity | 34.598 MWBESS Project |
|---|---|
| Market Cap | ₹18,518.5 CrUtilities Sector |
| Revenue TTM | ₹2,023.38 Cr59.16% YoY Growth |
| Day RSI | 64.05Steady Momentum |
Key highlights
- Commissioned 34.598 MW / 155.493 MWh of additional BESS capacity in Bikaner, Rajasthan
- Commercial Operation Date (COD) for the new capacity is scheduled for May 29, 2026
- Cumulative commissioned capacity now reaches 245.536 MW / 1103.392 MWh
- Project executed through wholly-owned subsidiary ACME Surya Power Private Limited
- Expansion strengthens company presence in the high-demand renewable energy storage segment
Production Commenced — What It Means
The commissioning of the additional 34.598 MW / 155.493 MWh capacity at the Village Jaimalsar site in Rajasthan marks a significant operational milestone for ACME Solar. This Battery Energy Storage System (BESS) project is designed to enhance grid stability and manage the intermittent nature of solar energy production by storing surplus power for later discharge. By achieving this milestone, the subsidiary ACME Surya Power Private Limited has effectively operationalized a cumulative capacity of 245.536 MW, or 1103.392 MWh.
This capacity provides the critical infrastructure needed to support round-the-clock renewable energy supply.
Revenue Impact
With the Commercial Operation Date (COD) established for May 29, 2026, this additional capacity will begin contributing to the company's top-line performance in the current quarter. ACME Solar has demonstrated strong financial momentum, with annual net profit growing by 97.9% to reach 498.92 Cr. The integration of advanced BESS technology allows the company to optimize power dispatch strategies, potentially improving margins by capturing higher utility rates during peak demand periods.
Currently, the company maintains a robust operating profit margin of 87.4%, which could see further stability as more storage-integrated projects come online.
Business Overview
- Specializes in utility-scale solar and renewable energy storage solutions across India
- Maintains a high promoter holding of 83.29 percent as of the latest filing
- Features a strong DVM classification of Turnaround Potential with a momentum score of 66.72
- Operates a diversified portfolio through wholly-owned subsidiaries like ACME Surya Power Private Limited
- Focuses on high-efficiency energy generation to support India’s green energy transition
Sector Tailwinds
India's renewable energy sector is increasingly prioritizing firm and dispatchable power, moving away from simple intermittent generation. This shift creates a massive demand for Battery Energy Storage Systems to balance the national grid. Policy support, including viability gap funding and favorable regulatory frameworks for energy storage, serves as a primary driver for capacity expansion.
As a utility-scale provider with operational storage assets, ACME Solar is positioned to benefit from these structural changes. The industry is currently trading at a PE of 111.02, reflecting high growth expectations for firms capable of delivering integrated storage and generation.
| Share price | ₹305.6 |
|---|---|
| Market capitalisation | ₹18,518.50 Cr |
| Revenue (annual) | ₹2,023.38 Cr |
| Net profit (annual) | ₹498.92 Cr |
| Revenue (latest quarter) | ₹547.85 Cr+10.28% vs previous quarter |
| Net profit (latest quarter) | ₹139.32 Cr+22.52% vs previous quarter |
| P/E (TTM) | 37.12×Sector 26.14× |
| Promoter holding | 83.29%0.00% QoQ |
| FII holding | 3.6%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by ACME Solar Holdings Limited announcing the commissioning of additional capacity for its BESS project in Rajasthan. Market figures from a third-party data provider.
