ACME Solar Share Price Target From 2024 to 2030: ACME Solar Holdings is one of the largest renewable energy companies in India exclusively dedicated to solar power generation. Such an uplisting of this firm in the stocks was widely welcomed by investors who now get an entry into clean energy as there is a growing momentum in the country toward sustainable power solutions. We’re going to dive into a comprehensive analysis of share price targets between 2024 and 2030 for ACME Solar Holdings, based on recent performance, financial health, market dynamics, and future growth prospects of the company.
Overview of ACME Solar Share Price Holdings
ACME Solar Holdings has been an important actor in the renewable energy space across India. The company majors in solar energy projects and caters to both residential and industrial clients. With a significant portfolio of solar installations across the country, ACME Solar is well-positioned to benefit from policies related to green energy as also the growing demand for sustainable power solutions in India. The company badly needed an IPO, but it came with an issue price discount of 13.2%. The listing caused a noise over the perception and the valuation in the market. It is good for long-term prospects because the renewable sector is still growing.
ACME Solar Share Price Holdings IPO Key Information
- IPO Issue Price: 289
- Listing Price: ₹251
- Listing Discount: 13.2%
- Current Price: ₹254.95 (as on latest trading day)
- Day’s Low: ₹251.00
- Day’s High: ₹276.10
- Previous Close: ₹289.00
- Volume: 18,383,344 shares
The shares of ACME Solar are trading below the expectations on its listing day. Perhaps it is due to investor sentiment along with overall market volatility and company-wise financial factors. However, the stock is trying to recover in the first few trading days since listing at ₹276.10.
ACME Solar Share Price Holding Fundamentals
A look at the overall metrics of ACME Solar paints a better picture on the financial health and valuation of the company.
- ROCE: 0.00
- P/E Ratio (TTM): 0
- P/B Ratio: 0
- Industry P/E: 32.69
- Debt to Equity Ratio: 4.97
- ROE: 0.00
- EPS, TTM: ₹2.35
- Dividend Yield: 0%
- Book Value: ₹37.17
- Face Value: ₹2
Financial Metrics Analysis For ACME Solar Share Price
The company’s finances have some points to settle in its books. This would suggest that the company is not generating adequate returns on its investments at present, and the zero ROCE and ROE depict the same. Also, the debt-to-equity ratio carried by the company has been 4.97, which depicts leverage and may be risky to be borne in case the company fails to manage the debt efficiently. However, the industry P/E of 32.69 indicates that the general renewable energy sector is trading at a valuation where it can present a high valuation opportunity for ACME Solar, in case it manages to enhance profitability.
Key Takeaways from Financial Performance
- Net Sales Declining: As compared to the June 2023 figure of ₹369.13 crore, the net sales for June 2024 stood at ₹309.64 crore. That means revenue is going down for the company. It is either due to some seasonality or low demand in specific markets.
- Profitability Issues: A sharp decline was seen in profit before tax – a fall from ₹122.18 crore in June 2023 to ₹50.25 crore in June 2024 – brings issues in the profitability of the company.
- Operating Profit Problems: Operating profit declined from ₹82.33 crore to ₹1.39 crore in just one year – which means that either a higher operational expense was incurred or resources were not utilized properly.
- EPS: The EPS from ₹7.17 has decreased to ₹0.13, which means there is a lower earnings potential for the shareholders and thereby influences the short-term action of the stock.
ACME Solar Share Price Targets 2024 to 2030
Based on the existing market situation and the company’s financial position, we have analyzed and predicted the share price targets of ACME Solar from 2024 to 2030.
| Year | Target |
| 2024 | ₹270 |
| 2025 | ₹300 |
| 2026 | ₹350 |
| 2027 | ₹400 |
| 2028 | ₹450 |
| 2029 | ₹500 |
| 2030 | ₹550 |
1. ACME Solar Share Price Target for 2024: ₹270
The share price target for 2024 shall be at ₹270, with a slight above the recent high of ₹276.10. This reflects a conservative yet positive view based on:
- Possible revenue recovery that the company can attain once it readjusts its operations.
- Stabilization of the market and additional rekindling of investor confidence in renewable energy stocks.
2. ACME Solar Share Price Target for 2025 of ACME Solar: ₹300
In the year 2025, we peg our view at ₹300 as the share price milestones shall be driven by:
- Better profitability as ACME Solar reduces operating expense and increases efficiency.
- Increases in expansion projects of solar would lead to higher reprises.
- Supportive regulatory measures continue to hold the renewable energy project; trend continues to support investors’ sentiment.
3. ACME Solar Target Price of Stock In Year 2026: ₹350
The target price for 2026 is ₹350, based on the following factors:
- Increased market penetration due to increased adoption of solar power by residential and industrial sectors.
- It will lead to debt reduction, which will likely increase the financial well-being of the company.
- More EPSs when the projects undertaken in the company become more stable and consistent in terms of revenue.
4. ACME Solar Share Price Target for 2027: ₹400
We expect that by 2027, the share price would breach ₹400, as it is also expected to gain further. This is because of
- International expansion in territories to increase the revenue streams of ACME Solar.
- Strategic collaborations or partners which enhance capacities and efficiencies of the projects
- Further improvements in terms of the financial performance when the company will be thought to have reached operational stability
5. ACME Solar Share Price Target for 2028: ₹450
ACME Solar Share Price target: ₹450 2028
The rationale behind this target is as follows:
- Continued rising demand for solar energy solutions as India approaches its renewable energy targets.
- Growing government incentives and support to green energy companies.
- Expansion and better execution capabilities on projects.
6. ACME Solar Share Price Target in 2029: ₹500
The target for 2029 is at ₹500, which would be a 12% growth from the earlier target, for the following reasons:
- Strong financials as the company starts to reap out of investment made much in advance.
- Increasing market share in renewable energy.
- Indications of sector trends, that more and more people will adopt solar energy-based solutions.
7. 2030 ACME Solar Share Price Target: ₹550
We expect the stock to reach ₹550 by 2030 because of some of the reasons below .
- Maturity in profitability and consistent upward movement in earnings.
- Pursed portfolio of ACME Solar with more projects, expansion, etc.
- Positively has enhanced brand presence and leadership in the solar energy segment.
Determinants Influencing ACME Solar Share Price
The following are some critical factors that will influence the future trend of ACME Solar’s stock:
- Debt Management: The debt-to-equity ratio for the company is at 4.97, which is a cause of concern. A good debt management and reduction programme could work well for increasing the share price.
- Industry Trends: The rising demand for renewable energy and government initiatives to make solar power more viable would add value to the industry.
- Operational Efficiency: Improving operational profitability would be the key for the company to meet the financials.
Frequently Asked Questions (FAQ) For ACME Solar Share Price
1. Is ACME Solar a good investment for the long term?
Yes, ACME Solar has strong growth potential in the renewable energy sector. Still, the investors should be wary of its currently available financial metrics and the huge amounts of debt it has.
2. What was the IPO issue price of ACME Solar?
IPO issue price of ACME Solar was ₹289.
3. Why did ACME Solar stock price go in green at the listing?
The stock price opened with a discount of 13.2% since the market conditions were volatile and concerns about the company’s performance were high.
4. What is the share price target of the stock by 2025?
The price target for 2025 has been set at ₹300.
5. Which are the risks of the company stock?
Specifically, high debt-to-equity ratios, significantly negative profitability, and reliance on government policies for renewable energy subsidies are all potential key risks.
Although profitability and financial health are issues in terms of the state of affairs, the position of ACME Solar in this rapidly growing renewable energy sector provides a strong promise of upside momentum. Investors should watch closely at the financial performance of the company along with developments in the market so that an informed investment decision can be made regarding the company.
