This multi-bagger renewable energy stock hits an all-time high on June 15

The company’s annual revenue has grown by 151.22 per cent in FY22.

The shares of Gensol Engineering have rallied today; hitting an all-time high of Rs 485 during Wednesday’s trading session. The stock is up by almost 5 per cent today. It has delivered returns of 622 per cent over a six-month period Furthermore, the stock has zoomed by 878 per cent in one year.  

The company’s annual revenue has grown by 151.22 per cent in FY22. Also, it outperformed its three-year CAGR of 24.85 per cent. The promoter holding has gone up from 70.72 (June 30, 2021) to 71.17 (March 31, 2022). The company has delivered a profit growth of 56 per cent over the last 15 years. Also, Gensol Engineering has a track record of delivering RoE of 16.61 per cent in the past three years.  

Gensol Engineering Ltd is in the solar consultancy and EPC business. Solar consultancy, solar EPC, solar O&M, and solar monitoring & analysis are among the company's offerings. Extra-high voltage (EHV) transmission lines are also the focus of its consulting services. The EV vertical has reached financial closure of Rs 267.7 crore while the current solar book order is for Rs 187.2 crore. Gensol's solar assets are helping to cut CO2 emissions by 5,14,500 MT per year.  

Watch out for Gensol Engineering in the coming trading sessions!