2:1 bonus shares & Rs 3,400 crore order book: Solar EPC & EV solution provider for H1FY25 reports consolidated 49 per cent revenue growth & 52 per cent PAT growth on YoY Basis
The stock gave multibagger returns of 2,860 per cent in 3 years and has delivered good profit growth of 52.1 per cent CAGR over the last 5 years with a PE of 37x and an ROE of 21 per cent.
Today, shares of Gensol Engineering Ltd surged 1.16 per cent to Rs 799.95 per share from its previous closing of Rs 790.75 per share. The stock’s 52-week high is Rs 1,377.10 per share while the stock is up by 35.3 per cent from its 52-week low of Rs 720 per share.
Established in 2012, Gensol Engineering Limited, part of the Gensol group, provides comprehensive engineering, procurement and construction (EPC) services for solar power plants globally, with a proven track record of installing over 770 MW of solar capacity across ground-mounted and rooftop installations. Committed to sustainability, Gensol is revolutionizing the Indian EV industry by setting up a state-of-the-art manufacturing facility in Pune for electric three-wheelers and four-wheelers, capable of producing 30,000 vehicles annually. Additionally, they offer extensive EV leasing solutions for passenger, fleet and cargo needs, having already leased over 3,000 EVs with plans to expand significantly. Headquartered in India, Gensol specializes in Solar EPC services, having built solar power plants exceeding 590 MWp globally and is dedicated to advancing clean energy and electric mobility solutions.
According to Quarterly Results, the net sales increased by 14 per cent to Rs 347 crore and net profit increased by 29 per cent to Rs 23 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 49 per cent to Rs 710 crore and net profit increased by 52 per cent to Rs 50 crore in H1FY25 compared to H1FY24. Looking at its annual results, the net sales increased by 142 per cent to Rs 963 crore and net profit increased by 129 per cent to Rs 53.5 crore in FY24 compared to FY23.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Gensol Engineering Limited has secured a significant EPC contract worth Rs 463 crore for a large-scale solar plant in Gujarat's Khavda RE Power Park. This state-of-the-art facility will utilize fixed tilt module mounting structures and other advanced components. Additionally, the company has received a repeat order of ₹40 crore for a rooftop solar project from a prominent textile company. Furthermore, Gensol has successfully emerged as the winning bidder for 116 MW (150 MWp) of Solar Projects in Gujarat, to be distributed across 27 locations under the supervision of Paschim Gujarat Vij Co. Ltd. (PGVCL). The company has also signed an EPC and long-term O&M contract for a 23 MWp rooftop solar PV project in Dubai, expanding its footprint in the Middle East. To solidify its presence in the U.S. market, Gensol has established a Delaware-based subsidiary, Scorpius Trackers Inc., leveraging its extensive experience and a strong track record of delivering over 1,000 MW+ of solar projects across India, Africa, Japan and the Middle East.
In September 2024, FIIs bought 1,21,608 shares and increased their stake to 2.30 per cent compared to 1.98 per cent in June 2024. The company has a market cap of over Rs 2,950 crore and as of September 2024, the company has an order book of Rs 3,400 crore. The shares of the company ex-traded bonus shares are in the ratio of 2:1 on October 17, 2023. The stock gave multibagger returns of 2,860 per cent in 3 years and has delivered good profit growth of 52.1 per cent CAGR over the last 5 years with a PE of 37x and an ROE of 21 per cent. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.