Rs 1,000 crore order book and FIIs & DIIs increase stake: Mukul Agrawal’s portfolio multibagger stock hit back-to-back upper circuits post Rs 520 crore order!

The stock gave multibagger returns of 164 per cent in just 1 year and a whopping 5,000 per cent in 3 years.

Today, shares of Gensol Engineering Limited hit a 5 per cent upper circuit to Rs 968.30 per share from its previous closing of Rs 922.20 with an intraday high of Rs 968.30 and an intraday low of Rs 945.75. The stock’s 52-week high is Rs 1,377.10 and its 52-week low of Rs 311.69. In the recent trading sessions, the stock has been hitting back-to-back upper circuits.  

Gensol Engineering Limited, a leader in solar power EPC services and electric mobility, secured the largest-ever turnkey EPC order of 100 MWAC/135 MWp ground-mount solar PV power project valued at Rs 520 crore in Maharashtra. This project involves land acquisition across 500 acres, design, engineering, procurement, logistics, civil and electrical engineering works, permitting, installation, commissioning, and 3 years of operation and maintenance for the plant's switchyard and transmission infrastructure.

Additionally, Gensol completed a 10.6 MWp rooftop solar project for Trident Limited in Madhya Pradesh using high-efficiency Bi-facial solar modules to generate enough clean energy to offset 11,000 tonnes of carbon dioxide emissions annually. Furthermore, Gensol successfully finished a 160 MW solar installation in Bhavnagar, Gujarat valued at Rs 128 Crores for Continuum Green Energy, bringing their total completed projects to over 600 MW across India.

In Q3FY24, the company's revenue surged 335 per cent to Rs 227 crore, driven by strong growth across all segments. This resulted in a significant improvement in profitability, as the company turned a net loss of Rs 1.90 crore in Q3FY23 into a net profit of Rs 12.31 crore in Q3 FY24, marking a turnaround (748 per cent).

The company's performance for the first nine months of FY24 has been strong, with all key financial metrics showing significant growth compared to the same period in FY23. Revenue nearly tripled to Rs 584 crore, and PAT more than doubled to Rs 34 crore, demonstrating strong growth across all business segments and improved operational efficiency. The shares of the company have ex-traded bonus shares in the ratio of 2:1 on October 17, 2023.

The company has a market cap of over Rs 3,600 crore and as of December 31, 2023, the company’s order book stands at over Rs 1,000 crore. As of December 2023, FIIs bought 4,84,721 shares and increased their stake to 2.94 per cent compared to 2.57 per cent in September 2023 while DIIs increased their stake to 0.84 per cent in December 2023 compared to 0.75 per cent in September 2023.

An ace investor, Mukul Agrawal owns 5,70,000 shares or 1.51 per cent stake in the company. The stock gave multibagger returns of 164 per cent in just 1 year and a whopping 5,000 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

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