This Smallcap Multibagger Solar EPC Company Wins Bid for 237 MW Hydrogen Electrolyser Manufacturing Capacity; Stocks Gains Over 5000 Per cent!
The company’s shares have delivered multibagger returns of over 5000 per cent in the past 3 years only.
This Small-Cap company is a leading player in solar consulting, EPC, and electric mobility solutions, and has teamed up with Matrix Gas & Renewables, a prominent green hydrogen infrastructure developer and natural gas aggregator.
The Gensol-Matrix consortium has emerged as a winning bidder for a 237 MW annual capacity under the Production Linked Incentive (PLI) scheme, aimed at establishing an electrolyser manufacturing plant. This bid, secured through a competitive tender by the Solar Energy Corporation of India (SECI), is part of a cumulative 300 MW capacity awarded, including a previous 63 MW from the first tranche of SECI’s tender.
The project, incentivized with Rs 450 crore under the PLI scheme, is a major step in India’s renewable energy sector. Issued by the Ministry of New and Renewable Energy (MNRE) under the National Green Hydrogen Mission, it will significantly contribute to India’s goal of producing 5 million metric tons of green hydrogen annually by 2030. Electrolysers are crucial for the production of green hydrogen and its derivatives, making this project a key milestone in advancing India’s green energy ambitions.
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On Wednesday, the shares of Gensol Engineering closed at around Rs 950.70 per share on the BSE. The company’s current market capitalization stands at Rs 3600.58 crore. Additionally, the company’s shares have delivered a return of over 5000 per cent in the past 5 years.
As per the Quarterly Results, in the Q1 FY25, Gensol Engineering recorded a revenue of Rs 295 crore compared to Rs 145 crore. The operating profit stood at Rs 88 crore. The net profit stood at Rs 15 crore compared to a profit of Rs 10 crore. Looking at the annual performance, the company generated a revenue of Rs 963 crore in FY24. The operating profit for FY24 was Rs 228 crore with a net profit of Rs 53 crore compared to a net profit of Rs 25 crore in FY23.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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