Rs 7,000 Crore Order Book: Solar & EV-Solution Provider Stock; Board Likely To Announce Stock Split & Fund Raise
The stock gave multibagger returns of over 1,500 per cent in 5 years and has delivered good profit growth of 52.1 per cent CAGR over the last 5 years.
On Friday, shares of Gensol Engineering Ltd plunged 2.8 per cent to Rs 325.90 per share with an intraday high of Rs 352.90 per share and an intraday low of Rs 303 per share from its previous closing of Rs 335.35 per share. The stock’s 52-week high is Rs 1,377.10 per share and its 52-week low is Rs 303 per share. The shares of the company saw a spurt in volume by more than 23 times on BSE.
Gensol Engineering Ltd informed that a meeting of the Board of Directors of the Company will be held on Thursday, March 13, 2025, inter alia:
- To consider and approve the proposal of raising of funds by way of issuance equity shares or any other eligible securities (Securities) through permissible modes, including but not limited to a qualified institutions placement, preferential issue, foreign currency convertible bonds or any other method or combination of methods as may be permitted under applicable laws, subject to such regulatory/statutory approvals as may be required and the approval of shareholders of the company.
- To consider the proposal for alteration in the share capital of the company by way of sub-division split of the existing Equity Shares of the face value Rs 10 each, fully paid-up, in such manner as may be determined by the Board of Directors subject to approval of the shareholders of the company and any regulatory/ statutory approvals, as may be required under applicable law.
- To convey extraordinary general meeting to approve fund raise, sub-division/ split of shares or any other matter of the company.
- Any other matter with the permission of the chair.
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About the Company
Established in 2012, Gensol Engineering has emerged as a significant force in India's renewable energy and electric mobility sectors. Specializing in solar EPC, advanced tracking solutions through its acquisition of Scorpius Trackers, and the development of battery energy storage systems and green hydrogen infrastructure, Gensol is driving the transition to sustainable energy. Complementing its renewable energy focus, the company operates a state-of-the-art EV manufacturing facility in Pune and provides comprehensive EV leasing services to a diverse clientele, solidifying its commitment to decarbonizing transportation. With over 770 MW of solar projects completed, Gensol's diverse portfolio and experienced team of over 500 professionals position it as a leader in the evolving energy landscape.
Results: According to Quarterly Results, the net sales increased by 30 per cent to Rs 345 crore and the net profit increased by 6 per cent to Rs 18 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 42 per cent to Rs 1,056 crore, EBITDA increased by 89 per cent to Rs 246 crore and net profit increased by 34 per cent to Rs 67 crore in 9MFY25 compared to 9MFY24. Looking at its annual results, the net sales increased by 142 per cent to Rs 963 crore and the net profit increased by 129 per cent to Rs 53.5 crore in FY24 compared to FY23.
The company has a market cap of over Rs 1,200 crore and has an order book of Rs 7,000 crore as of December 31, 2024. The stock gave multibagger returns of over 1,500 per cent in 5 years and has delivered good profit growth of 52.1 per cent CAGR over the last 5 years with a PE of 25x and an ROE of 20 per cent. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.