This Solar and Wind EPC Stock Rallied 20 per cent in Just 1 Day, Hit Upper Circuit with Heavy Volumes reached 52-Week High; Keep This on Your Radar

The shares of the company have delivered a return of over 30 per cent to its shareholders in just 1 month only.

Incorporated in December 2015, Winsol Engineers is a company that provides integrated engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) solutions for both solar and wind power generation firms. On Friday the company experienced a significant surge in its share price.

On Friday the share of Winsol Engineers opened at Rs 450 per share, compared to the previous day's closing figure of Rs 432 per share on the NSE. Finally, the shares closed the day at Rs 518.40 per share on the NSE. The stock has reached the upper circuit price limit of 20 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The current market capitalization of Winsol Engineers stands at Rs 598 crore, and the stock has generated an impressive return of around 33 per cent in just 1 month only. 

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Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Winsol Engineers recorded a revenue of Rs 41.72 crore. The operating profit for Q4 FY24 stood at Rs 6.85 crore, resulting an operating profit margin of 16.42 per cent. The net profit for Q4 FY24 was Rs 4.68 crore. Looking at the annual performance, the company generated a revenue of Rs 75.16 crore in FY24, compared to Rs 65.39 crore in FY23. The operating profit for FY24 was Rs 8.68 crore, with a net profit of Rs 5.18 crore.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.