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Here's Why ACME Solar Remains Motilal Oswal's Top Pick In Power Sector; Sees Upto 34% Upside
Motilal Oswal values ACME at 10x FY28E Ebitda (discounted by one year) to arrive at a target price of Rs 370, implying a 34% potential upside.
01 Oct 2025, 10:19 AM IST 
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ACME continues to bid actively for utilityscale projects, and incremental project awards are key now to building earnings growth visibility for FY29 and beyond. (Photo source: company website)
In the past six months, ACME’s share price (+45%) has outperformed peers such as NTPC Green (+0.2%) and JSW Energy (+0.2%). ACME trades at FY27 EV/Ebitda of 15.5x vs NTPC Green (13.3x, consensus estimate) and JSW Energy (12.6x).
