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 2026-09-21 close
Latest results: HFCL Jun 2026 · ACMESOLAR Jun 2026
At a glance
- HFCL Limited is the larger company by market value, about 1.0 times the size of Acme Solar Holdings Limited.
- On trailing earnings, HFCL Limited trades at the lower P/E (54.3 against 62.2).
- HFCL Limited earns the higher return on equity (12.3% against 10.3%).
- Over three years Acme Solar Holdings Limited has grown profits faster (149% a year against 1%).
- Over the past year the share prices returned +190.1% (HFCL) and +47.3% (ACMESOLAR).
| Metric | HFCL HFCL |
Acme Solar ACMESOLAR |
|---|---|---|
| Size and price | ||
| Market cap | ₹32,795 Cr | ₹32,355 Cr |
| Share price | ₹214.31 | ₹458.10 |
| Valuation | ||
| P/E | 54.30 | 62.22 |
| P/B | 6.71 | 6.39 |
| EV/EBITDA | 30.12 | 31.68 |
| PEG | 54.30 | 0.42 |
| Dividend yield | 0.1% | 0.1% |
| Profitability | ||
| ROE | 12.3% | 10.3% |
| ROCE | 11.0% | 9.0% |
| Operating margin | 19.1% | 59.1% |
| Sales (TTM) | ₹5,993 Cr | ₹2,791 Cr |
| Net profit (TTM) | ₹604 Cr | ₹520 Cr |
| Growth | ||
| Latest quarter sales YoY | +119.9% | +67.8% |
| Latest quarter profit YoY | +947.0% | +79.6% |
| 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 | 0.36 | 3.93 |
| Interest cover | 2.49 | 1.13 |
| Ownership | ||
| Promoter holding | 28.3% | 71.5% |
| Promoter change (4 qtrs) | -3.29 pp | -11.93 pp |
| Price performance | ||
| Return 1M | -4.28% | +15.27% |
| Return 3M | +2.32% | +30.94% |
| Return 1Y | +190.12% | +47.33% |
| Return YTD | +216.14% | +93.06% |
| Technical condition | ||
| Technical score | 29 | 83 |
| RS rating (1-99) | 98.00 | 93.00 |
| % vs 200-DMA | +58.84% | +53.08% |
| RSI (14) | 43.43 | 72.49 |
| % from 52-week high | -16.51% | -1.37% |
