Broker’s call: Acme Solar Holdings (Buy)
· thehindubusinessline.com
With about ₹52,000 crore of capex, equity is fully funded using internal accruals, cash at hand and QIP proceeds. Net debt to EBITDA to improve to 5.9x by FY30E (F26:7.2x) and OCF post interest of ₹3,000 crore.
Axis Capital
Target: ₹550
CMP: ₹407.85
Acme Solar Holdings is transitioning from a plain vanilla solar IPP (3GW operational) to a complex RE project deve...