High ROE and ROCE Engineering Company Expands Global Footprint with New Subsidiary in Zambia and Secures Multiple Work Orders
As of September 2024, the shareholding pattern shows that promoters hold 72.99 per cent, FIIs hold 0.74 per cent, and the public holds 26.27 per cent.
Winsol Engineers Limited, a leading player in EPC (Engineering, Procurement, and Construction), operations, and consultancy services, has announced the incorporation of a foreign subsidiary, Winsol Engineers Zambia Limited, in Lusaka, Zambia. The new subsidiary will focus on electric power generation, transmission, and distribution, as well as the manufacturing of electric motors, generators, transformers, and related apparatus. It will also engage in retail sales of hardware, paints, and glass. This strategic expansion marks Winsol's efforts to strengthen its global presence and tap into new growth opportunities.
Additionally, Winsol Engineers Limited has secured incremental purchase and work orders from the Sembcorp Group, amounting to approximately Rs. 2.71 crore. These orders, related to the supply and associated services of VG 64, have increased the total order value from Sembcorp to approximately Rs. 11.01 crore.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
The company also received a significant work order valued at Rs. 5.83 crore (exclusive of GST) from Gujarat Energy Transmission Corporation Limited for laying, erection, testing, and commissioning of 66kV cables in the Rajkot Zone.
Throughout FY 2024-25, Winsol has demonstrated substantial growth in its order book, with notable projects such as a 6.5 MW solar installation under the government’s PM-Kusum Yojana. The company continues to strengthen its position in the renewable energy sector while expanding its market reach and operational efficiency.
Established in 2015, Winsol Engineers Limited specializes in Balance of Plant (BoP) solutions for wind and solar power projects, offering a comprehensive range of engineering, procurement, construction, and commissioning (EPCC) services. With a workforce of over 300 employees, the company ensures high-quality project execution backed by ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. The company operates across nine states in India and is renowned for its expertise, timely project delivery, and cost-effective solutions.
For the last half-yearly results, the sales for Sep-24 reached Rs 42 crore compared to Rs 33 crore in Sep-23, showing a YoY growth of 27.3 per cent. The net profit for Sep-24 was Rs 6 crore, increasing by 50 per cent from Rs 4 crore in Sep-23.
As of September 2024, the shareholding pattern shows that promoters hold 72.99 per cent, FIIs hold 0.74 per cent, and the public holds 26.27 per cent.
On Wednesday, shares of Winsol Engineers Ltd slipped by 3.7 per cent to Rs 183 per share from its previous closing. The stock gave returns of negative 49 per cent in 1 year. The company has high ROCE of 53.1 per cent and high ROE of 67.1 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice