High ROE and ROCE Engineering Company Secures New Order Worth Rs 5.83 Crore; Maintains Strong Promoter Holding
As of September 2024, the shareholding pattern shows that promoters hold 72.99 per cent, FIIs hold 0.74 per cent, and the public holds 26.27 per cent.
Winsol Engineers Ltd has received New Work Order of Approx. Rs. 5,83,57,860 (Exclusive of GST) for Laying, Erection, Testing and Commissioning of 66kV 1C, 300sqmm & 1C, 630sqmm XLPE Cable for Poly AL and AI corrugated cable for various lines for Package-2 for Rajkot Zone, as per Letter of intent from Gujarat Energy Transmission Corporation Limited.
Earlier, the company added, Throughout FY 2024-25, the company has achieved significant growth in its order book, with regular updates being shared on the Stock Exchange. A key highlight of this growth is the 6.5 MW solar installation project secured under the government’s PM-Kusum Yojana. Winsol remains committed to exploring new opportunities with potential clients while deepening relationships with its existing marquee clients in the renewable energy sector.
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With a strong order book in place, the company demonstrates its strategic focus on expanding market presence, enhancing operational efficiency, and driving sustainable growth in the industry.
Winsol Engineers Ltd, established in 2015, is a leading provider of integrated engineering, procurement, construction, and commissioning (EPCC) services for Balance of Plant (BoP) solutions in wind and solar power generation. The company specializes in a wide range of core services, including foundation work, substation civil and electrical work, right-of-way services, cabling services, and miscellaneous construction activities. Additionally, the company also offers comprehensive operation and maintenance (O&M) services for plant handling and monitoring, ensuring optimal performance and efficiency.
For the last half-yearly results, the sales for Sep-24 reached Rs 42 crore compared to Rs 33 crore in Sep-23, showing a YoY growth of 27.3 per cent. The net profit for Sep-24 was Rs 6 crore, increasing by 50 per cent from Rs 4 crore in Sep-23.
As of September 2024, the shareholding pattern shows that promoters hold 72.99 per cent, FIIs hold 0.74 per cent, and the public holds 26.27 per cent.
On Thursday, shares of Winsol Engineers Ltd jumped over 2 per cent to Rs 186 per share from its previous closing. The stock gave returns of negative 49 per cent in 1 year. The company has high ROCE of 53.1 per cent and high ROE of 67.1 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice