Adani Green Energy vs ACME Solar Holdings: share price, P/E, ROE and financials compared
Adani Green Energy
ACME Solar Holdings
Adani Green Energy and ACME Solar Holdings at a glance
Adani Green Energy and ACME Solar Holdings are both listed in Power. Adani Green Energy is the larger by market cap, at ₹2.3L Cr against ₹27,883 Cr for ACME Solar Holdings (8.4 times as large). On valuation, ACME Solar Holdings has the lower P/E (34.2× against 129.5×) and the lower price-to-book (3.17× against 11.46×). On returns and margins, Adani Green Energy has the higher operating margin (90.8% against 86.5%), while ACME Solar Holdings has the higher ROCE (7.0% against 6.3%) and the higher ROE (11.5% against 7.3%). Over three years, Adani Green Energy has faster 3-year sales growth (+16.6% against +16.0% a year). ACME Solar Holdings carries less debt for its equity, with a debt-to-equity of 3.30× against 3.75×.
Key metrics, side by side
| Metric | Adani Green EnergyADANIGREEN | ACME Solar HoldingsACMESOLAR |
|---|---|---|
| Price (₹) | 1,424.10 | 394.95 |
| Market cap (₹ Cr) | 2,34,574 | 27,883 |
| P/E | 129.5× | 34.2× (the lower figure, shaded) |
| P/B | 11.46× | 3.17× (the lower figure, shaded) |
| Dividend yield, trailing | 0.00% | 0.05% |
| ROE | 7.3% | 11.5% (the higher figure, shaded) |
| ROCE | 6.3% | 7.0% (the higher figure, shaded) |
| Operating margin (OPM) | 90.8% (the higher figure, shaded) | 86.5% |
| Net margin (NPM) | 12.6% | 27.1% (the higher figure, shaded) |
| Sales CAGR 3Y | +16.6% (the higher figure, shaded) | +16.0% |
| Profit CAGR 3Y | +19.3% | – |
| Debt to equity | 3.75× | 3.30× (the lower figure, shaded) |
| Interest cover | 1.3× | 1.6× |
| Net profit TTM (₹ Cr) | 1,874 | 757 |
| 1Y return | +30.2% | +49.0% (the higher figure, shaded) |
| Promoter holding | 62.43% | 71.40% |
Adani Green Energy vs ACME Solar Holdings: common questions
Which is bigger, Adani Green Energy or ACME Solar Holdings?
By market cap, Adani Green Energy is bigger at ₹2.3L Cr, against ₹27,883 Cr for ACME Solar Holdings (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹1,874 Cr for Adani Green Energy and ₹757 Cr for ACME Solar Holdings.
Which has a lower P/E ratio, Adani Green Energy or ACME Solar Holdings?
Adani Green Energy trades at a P/E of 129.5× and ACME Solar Holdings at 34.2×. ACME Solar Holdings has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Adani Green Energy or ACME Solar Holdings?
Adani Green Energy reports a return on equity of 7.3% and ACME Solar Holdings 11.5%. ACME Solar Holdings has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Adani Green Energy or ACME Solar Holdings?
Over the last three years: Sales grew +16.6% a year at Adani Green Energy and +16.0% at ACME Solar Holdings, so Adani Green Energy grew sales faster. Past growth doesn’t predict future growth.