Motilal Oswal's research report on ACME Solar Holdings
ACME Solar Holdings (ACME) reported a robust performance in 1QFY26, with EBITDA growth of 68% YoY/5% QoQ to INR4.6b (3% beat), driven by capacity additions and improved capacity utilization factor (CUF). Adj. PAT of INR1.5b was 27% above our estimate, supported by higher other income. The company has continued to execute well and remains on track to scale up its installed capacity to ~7GW by FY27, which is expected to drive an EBITDA CAGR of 68% over FY25-27E.
Outlook
We reiterate our BUY rating on ACME. We assign 10x FY28E EV/EBITDA (discounted by 1 year). Adjusting for the net debt, we derive our TP of INR347, implying an 18% potential upside.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
