2:1 bonus share, Rs 1,783 crore order book & promoter increase stake: Keep an eye on this multibagger small-cap stock that was locked in the upper circuit on April 22

The stock gave multibagger returns of 145 per cent in just 1 year and a whopping 4,800 per cent in 3 years.

Today, the stock market was trading in the green with BSE Sensex Index up by 0.34 per cent and NSE Nifty-50 Index up by 0.44 per cent. Along with the market in the green, shares of Gensol Engineering Ltd hit a 5 per cent upper circuit to Rs 929.65 per share from its previous closing of Rs 885.40 per share. The stock is down by 29.6 per cent from its 52-week high of Rs 1,377.10  per share while it gave multibagger returns of 198.3 per cent from its 52-week low of Rs 311.69 per share.

Gensol Engineering Ltd, 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.

Gensol Engineering is experiencing a banner year, boasting both a record-breaking order book of Rs 1,783 crore at the start of FY25 and its highest-ever revenue from operations of over Rs 960 crore in FY24. This impressive order book, signifying strong demand and solidifying Gensol's position as a key player in renewable energy and electric mobility, is further bolstered by the company's diverse involvement across multiple sectors. The 141 per cent year-over-year revenue growth, compared to Rs 398 crore in FY23, underscores Gensol's exceptional performance and its ability to capitalize on the growing opportunities in these industries.

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The company has a market cap of over Rs 3,500 crore and as of March 31, 2023, the company’s order book stands at Rs 1,783 crore. As of March 31, 2024, the promoter group - Gensol Ventures Private Limited bought 11,000 shares at Rs 797 per share and increased their stake to 62.62 per cent compared to 62.60 per cent in March 2024.

The shares of the company ex-traded bonus shares in the ratio 2:1 on October 17, 2023. The stock gave multibagger returns of 145 per cent in just 1 year and a whopping 4,800 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.