Promoter Bought 26,500 Shares: Company’s Solar EPC Order Book Surpasses Rs 5,400 Crore as of October – Stock Soars Over 3,400 Per cent in 3 Years

The company’s shares have delivered a multibagger returns of over 3,400 per cent in the past 3 years only.

This Small-Cap company is a prominent player in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) services, has announced an impressive solar EPC order book of Rs 5,424 crore. This substantial order book includes projects from both Public Sector Undertakings (PSUs) and private clients, with completion timelines set for the next 12 to 18 months.

Beyond the current order book, Gensol Engineering has a robust bid pipeline, indicating strong growth potential. Additionally, the company has secured orders for Battery Energy Storage Systems (BESS) under the Build-Own-Operate (BOO) model, which further strengthens its revenue outlook and commitment to tackling the challenges of renewable energy intermittency.

As of October 31, 2024, Gensol Engineering’s total revenue visibility across business segments includes Rs 5,424 crore from its solar EPC order book, Rs 3,138 crore from BESS over 12 years, and Rs 1,820 crore from solar power generation over a span of 25 years, amounting to an overall revenue potential of Rs 10,382 crore.

Today, the shares of Gensol Engineering closed at around Rs 847.65 per share on the BSE. The company’s current market capitalization stands at Rs 3,210 crore. Additionally, the company’s shares have delivered a multibagger return of over 3,400 per cent in the past 3 years.

As per the Quarterly Results, in the Q2 FY25, Gensol Engineering recorded a revenue of Rs 346 crore compared to Rs 305 crore. The operating profit stood at Rs 107 crore. The net profit stood at Rs 23 crore compared to a profit of Rs 18 crore. Looking at the annual performance, the company generated a revenue of Rs 963 crore in FY24. The operating profit for FY24 was Rs 230 crore with a net profit of Rs 53 crore compared to a net profit of Rs 23 crore in FY23.

Anmol Singh Jaggi, Promoter and Managing Director, holds 80,30,711 equity shares in the company, representing 21.13 per cent of total shareholding. According to a press release from October 31, he has acquired an additional 26,500 shares through open market operations, leading to a slight increase in his overall stake.

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Investors must keep this stock on their radar.

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