Mukul Agrawal’s portfolio stock reports robust order book of Rs 1,783 crore and records stellar 141 per cent revenue growth in FY24; details inside!

The stock gave multibagger returns of 153 per cent in just 1 year and a whopping 5,270 per cent in 3 years.

Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a leading player in the renewable energy sector specialising in solar power engineering, procurement, and construction (EPC) services, along with electric mobility solutions, has received a significant order book that stands at an impressive Rs 1,783 crores at the beginning of FY25, signalling a promising year and solidifying its position as a key player in the renewable energy and electric mobility industry. Gensol’s diverse order book showcases its involvement in multiple sectors, each contributing significantly to its overall portfolio.

Commenting on the order book for FY25, Mr. Anmol Singh Jaggi -- Chairman and Managing Director, of Gensol Engineering Limited said: “Our order book for FY25 is at Rs 1,783 crore highlighting growing demand for our renewable energy and eMobility solutions. This order book will be executed over the next 12 months. The uptick in the projects reflects the trust clients have in our capabilities and commitment to delivering excellence. This achievement solidifies our status as a frontrunner in the Solar EPC, Solar tracking and EV Leasing industry, emphasising our commitment to growth. I thank all the stakeholders and the Gensol family for their continued support that is vital to our success, and we remain dedicated to delivering value and sustainable growth.”

Additionally, Gensol Engineering Limited recorded its highest-ever revenue from operations, surpassing Rs 960 crore (provisional and unaudited) in the financial year ending on March 31, 2024. This remarkable achievement represents an extraordinary growth rate of 141 per cent compared to the previous financial year. The corresponding figure for the previous year was Rs 398 crore. Gensol's exceptional performance emphasises its position as a frontrunner in the industry and demonstrates its ability to capitalise on emerging opportunities.

Today, at 01:00 pm, shares of Gensol Engineering Limited were up by 0.12 per cent to Rs 985.30 per share from its previous closing of Rs 984.10 with an intraday high of Rs 1,011.95 and an intraday low of Rs 971.10. The stock’s 52-week high is Rs 1,377.10 and its 52-week low of Rs 311.69.

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About Gensol Engineering Ltd

Gensol Engineering, founded in 2012, is a leading solar EPC company with over 600 MW of installed solar power globally. They've recently expanded beyond solar with a state-of-the-art EV manufacturing facility in Pune, India, producing three- and four-wheeled electric vehicles with ARAI approval. Gensol aims to revolutionize India's EV landscape by not only manufacturing vehicles but also offering leasing solutions to various clients, and further strengthened their renewable energy focus by acquiring Scorpius Trackers, a bankable solar tracking technology company.

The company has a market cap of over Rs 3,700 crore and as of March 31, 2023, the company’s order book stands at Rs 1,783 crore. As of December 2023, FIIs bought 4,84,721 shares and increased their stake to 2.94 per cent compared to 2.57 per cent in September 2023 while DIIs increased their stake to 0.84 per cent in December 2023 compared to 0.75 per cent in September 2023.

An ace investor, Mukul Agrawal owns 5,70,000 shares or 1.51 per cent stake in the company. The stock gave multibagger returns of 153 per cent in just 1 year and a whopping 5,270 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

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