HFCL Limited vs Acme Solar Holdings Limited
An objective side-by-side of HFCL and ACMESOLAR, both in Engineering - Turnkey Services: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-11-05 close
Latest results: HFCL Sep 2026 · ACMESOLAR Sep 2026
At a glance
- HFCL Limited is the larger company by market value, about 1.2 times the size of Acme Solar Holdings Limited.
- On trailing earnings, HFCL Limited trades at the lower P/E (36.6 against 38.1).
- HFCL Limited earns the higher return on equity (16.4% against 9.0%).
- Over three years Acme Solar Holdings Limited has grown profits faster (149% a year against 1%).
- Over the past year the share prices returned +197.0% (HFCL) and +41.5% (ACMESOLAR).
| Metric | HFCL HFCL |
Acme Solar ACMESOLAR |
|---|---|---|
| Size and price | ||
| Market cap | ₹33,932 Cr | ₹28,810 Cr |
| Share price | ₹221.74 | ₹407.90 |
| Valuation | ||
| P/E | 36.63 | 38.11 |
| P/B | 6.01 | 3.45 |
| EV/EBITDA | 22.56 | 23.40 |
| PEG | 36.63 | 0.26 |
| Dividend yield | 0.1% | 0.1% |
| Profitability | ||
| ROE | 16.4% | 9.0% |
| ROCE | 11.0% | 9.0% |
| Operating margin | 21.2% | 86.4% |
| Sales (TTM) | ₹7,492 Cr | ₹2,790 Cr |
| Net profit (TTM) | ₹926 Cr | ₹756 Cr |
| Growth | ||
| Latest quarter sales YoY | +143.6% | +89.5% |
| Latest quarter profit YoY | +448.1% | +133.6% |
| Sales CAGR 3Y | +1.0% | +16.0% |
| Profit CAGR 3Y | +1.0% | +149.0% |
| Sales CAGR 5Y | +2.0% | +4.0% |
| Profit CAGR 5Y | +5.0% | +51.0% |
| Financial strength | ||
| Debt/Equity | 0.33 | 3.30 |
| Interest cover | 2.49 | 1.17 |
| Ownership | ||
| Promoter holding | 28.3% | 71.4% |
| Promoter change (4 qtrs) | -1.73 pp | -12.01 pp |
| Price performance | ||
| Return 1M | -15.62% | -8.99% |
| Return 3M | +4.48% | +6.71% |
| Return 1Y | +196.96% | +41.46% |
| Return YTD | +227.10% | +71.91% |
| Technical condition | ||
| Technical score | 32 | 44 |
| RS rating (1-99) | 97.00 | 90.00 |
| % vs 200-DMA | +36.98% | +23.98% |
| RSI (14) | 41.81 | 48.26 |
| % from 52-week high | -21.44% | -14.47% |
