Mukul Agrawal’s portfolio multibagger stock with Rs 531 crore order book; Company announces stellar quarterly results & half-yearly results post bonus shares!

An ace investor, Mukul Agarwal owns 6,00,000 shares or 1.64 per cent stake in this multibagger small-cap stock post bonus issue of shares.

Indian stock markets ended the trading session in green., Wednesday with BSE Sensex Index up by 0.05 per cent at 64,975 and NSE Nifty Index up 0.19 per cent at 19,444.

Along the market is trading green, this multibagger stock is bucking the trend and trading in the green as the company announced stellar results with robust order book.

The stock we would be discussing is none other than Gensol Engineering Ltd.

Results: According to the Quarterly Results, the net sales increased by 146.45 per cent to Rs 199.43 crore and the net profit increased by 51.1 per cent to Rs 11.92 crore in Q2FY24 compared to Q2FY23. According to the half-yearly results, the net sales increased by 88 per cent to Rs 344.03 crore and the net profit increased by 24 per cent to Rs 22.16 crore in H1FY24 compared to H1FY23. According to its annual results, the net sales increased by 2,093 per cent to Rs 8.05 crore and net profit increased by 2,584 per cent to Rs 2.23 crore in FY23 compared to FY22. For the full year FY23, net sales increased by a whopping 144.78 per cent to Rs 392.65 crore and net profit increased by a strong 122.93 per cent to Rs 24.79 crore, compared to FY22.

Commenting on the overall performance of the Company, Mr Anmol Singh Jaggi, The Managing Director of Gensol Engineering Limited said, “H1FY24 has been a half year of remarkable leaps for Gensol, with 88 per cent revenue growth and 24 per cent PAT increase. Strategic moves like the acquisition of Scorpius Trackers, international foray with EPC projects in UAE, securing a Letter of Intent (LOI) to supply 300 Electric Vehicles to Orissa Renewable Energy Development Agency (OREDA) etc. highlight our expansion and commitment to innovation. Rewarding our shareholders, we have rolled out a 2:1 bonus share bonanza, doubling down on their trust in us. Gensol is on a fast track to a future where innovation, growth, and sustainability drive shareholder wealth."

An ace investor, Mukul Agarwal owns 6,00,000 shares or 1.64 per cent stake in this multibagger Small-Cap stock post bonus issue of shares. In just 1 day, he gains Rs 1,65,60,000 from this stock.

The company provides renewable energy project development services and constructs solar plants in India. The company has bagged multiple orders from India and outside India for engineering, construction and procurement (EPC) and other related work. As of September 30, 2023, the company’s order book stands at Rs 531 crore.

The company had a market cap of Rs 3,132 crore and has delivered good profit growth of 43.9 per cent CAGR over the last 5 years. The shares of the company have an ROE of 21.4 per cent and an ROCE of 12.4 per cent. The stock gave multibagger returns of 145 per cent year to date; 2,825 per cent in 2 years and a whopping 3,600 per cent in 3 years.

Today, shares of the company 4.86 per cent to an intraday high of Rs 838.25 per share from its previous closing of Rs 799.40. At the closing bell, shares of the company were trading at Rs 827 per share, up 3.45 per cent with a spurt in volume by more than 2.17 times on BSE.

Do you own Gensol Engineering Ltd.’s stock in your portfolio? Do let us know in the comment section

Disclaimer: The article is for informational purposes only and not investment advice.