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Gensol Engineering Ltd

GENSOL

Gensol Engineering Ltd

GENSOL
IndustrialsConstruction & Engineering
SmallcapWith a market cap of ₹3,498 cr, stock is ranked 904
High RiskStock is 3.69x as volatile as Nifty
865.951.84% (-16.20)
865.951.84% (-16.20)

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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsConstruction & Engineering
SmallcapWith a market cap of ₹3,498 cr, stock is ranked 904
High RiskStock is 3.69x as volatile as Nifty

How to use scorecard? Learn more

IndustrialsConstruction & Engineering
SmallcapWith a market cap of ₹3,498 cr, stock is ranked 904
High RiskStock is 3.69x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
50.6811.18
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.987.230.45%

Forecast & Ratings

Detailed Forecast 
69%
Analysts have suggested that investors can buy this stock

from 26 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Gensol Engineering Limited is an India-based company, which offers engineering, procurement and construction (EPC), and solar advisory services. The Company is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across several geographies, including India. The Company provides advisory services to project developers, institutions, solar EPC companies and government policymakers. The Company operates through three segments: EPC, EV Leasing and EV Manufacturing. The EPC segment manages turnkey engineering, construction and procurement contracts internationally. EV Leasing is engaged in the business of buy-and-lease of electric vehicle (EV) cars with multiple logistics and ride-hailing platforms. The EV Manufacturing segment is setting up an EV car manufacturing unit in Pune with a capacity of approximately 12000 cars per year in the first phase.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 63.91%, vs industry avg of 8.78%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.03% to 0.22%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 55.22%, vs industry avg of 26.08%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue62.3269.6484.1883.4964.60162.40403.10995.901,129.20
Raw Materialssubtract41.7932.2734.5820.6034.11135.48220.79500.26835.08
Power & Fuel Costsubtract0.040.060.000.000.110.090.110.02
Employee Costsubtract6.0410.8515.3214.7710.7611.4814.4940.86
Selling & Administrative Expensessubtract3.8210.839.1110.445.927.6216.9041.48
Operating & Other expensessubtract8.807.7914.7830.836.71-13.4667.84150.75
Depreciation/Amortizationsubtract0.120.120.441.391.351.3125.3774.2587.89
Interest & Other Itemssubtract0.040.280.782.021.895.5124.45110.38115.85
Taxes & Other Itemssubtract0.472.122.561.220.563.289.7918.3521.34
EPS0.120.550.680.340.973.386.7315.9818.23
DPS0.000.000.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
IndustrialsConstruction & Engineering

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Gensol Engineering Ltd58.7511.18
Larsen and Toubro Ltd39.285.000.91%
GMR Airports Ltd-177.57-116.66
IRB Infrastructure Developers Ltd60.552.670.79%

Price Comparison

Compare GENSOL with any stock or ETF
Compare GENSOL with any stock or ETF
GENSOL
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

High Pledged Promoter Holding

Lower pledged promoter holdings is considered better

A significant proportion of promoter holdings is pledged

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding62.77%0.00%0.00%1.98%35.25%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun1.83%1.94%2.57%2.94%2.40%1.98%

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

GENSOL has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Dividends

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News & Opinions
Corporate
Gensol Engineering to convene AGM

Gensol Engineering announced that the 12th Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

6 days agoCapital Market - Live
Corporate
Gensol Engineering collaborates with Matrix Gas & Renewables

Gensol Engineering announced that Gensol and Matrix Gas & Renewables (Matrix) have won the project to setup India's first Green Hydrogen Valley project in Pune. Gensol ' Matrix will set up Green Hydrogen production plant on Build Own and Operate (BOO) basis to supply Green Hydrogen to Specialty Chemical sector with the firm offtake for 20 years. Commenting on this achievement, Anmol Jaggi, Managing Director, Gensol Engineering, said, 'We feel immense pride to develop India's first Green Hydrogen Valley project. Government of India has taken a great step in promoting these Hydrogen Valleys through Department of Science & Technology (DST). We are going to supply Green Hydrogen to the specialty chemical Sector in Pune, Maharashtra on round the clock (RTC) basis to develop the Green Hydrogen economy in India'. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Gensol Engineering to hold board meeting

Gensol Engineering will hold a meeting of the Board of Directors of the Company on 6 September 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Gensol-Matrix cosortium emerges as lowest bidder for Green Hydrogen project

Matrix Gas & Renewables is a fast growing green hydrogen infrastructure developer and natural gas aggregator. The aforementioned project, which will be established by Gensol ' Matrix consortium, will convert 25 tons of bio-waste into 1 ton of hydrogen per day. The project valued at Rs 164 crore, scheduled for completion within 18 months, marks a significant milestone on aligning with the National Green Hydrogen Mission for biomass to green hydrogen generation. The company has strategically partnered with Westinghouse, USA who has patented technology and has commissioned multiple plants globally. The scope of work includes developing the establishment of 25 tons per day (TPD) bio-waste processing and producing 1 TPD green hydrogen infrastructure from pre-gasification plasma induced radiant energy-based gasification system (GH2-PREGS) technology. Anmol Singh Jaggi, chairman and managing director, Gensol Engineering, said: 'We are honored to emerge as the lowest bidder for EPC of India's first biomass to green hydrogen project for India's leading power generation company. Gensol and Matrix consortium highlights our unwavering commitment to innovation and excellence within the renewable energy sector, aligning towards India's National Green Hydrogen Mission and proliferating to unlock EPC turnkey solution provider. By converting bio-waste into hydrogen, we are addressing critical environmental challenges and making a significant contribution to the nation's energy transition. We are committed to executing this project with the highest standards of quality and efficiency that defines Gensol.' Gensol Engineering offers end-to-end EPC and solar advisory services. The company is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India. The company's consolidated net profit doubled to Rs 20.48 crore in the quarter ended June 2024 as against Rs 10.24 crore during the previous quarter ended June 2023. Sales rose 104.11% to Rs 295.15 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Gensol-Matrix consortium emerges as winning bidder for manufacturing hydrogen electrolyser

This bid was secured through a competitive tender by Solar Energy Corporation of India (SECI). Matrix Gas & Renewables is a green hydrogen infrastructure developer and natural gas aggregator. The Gensol-Matrix consortium has secured a cumulative 300 MW capacity, including a prior 63 MW awarded in the first tranche of the SECI tender that equates to Rs 450 crore cumulatively incentive under the PLI scheme. Anmol Jaggi, managing director, Gensol Engineering Ltd., said, 'Winning this PLI capacity under the National Green Hydrogen Mission is a testament to our commitment and technical capabilities. It not only strengthens our position in the green hydrogen sector but also opens up new avenues for growth and collaboration in renewable energy.' Gensol Engineering offers end-to-end EPC and solar advisory services. The company is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India. The consolidated net profit stood at Rs 19.78 crore in Q4 FY24, steeply higher than Rs 7.38 crore in Q4 FY23. Revenue from operations soared 143.28% to Rs 398.82 crore in Q4 FY24. The scrip rose 0.51% to currently trade at Rs 961.50 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Gensol Engineering wins a total 300 MW electrolyser production capacity under PLI scheme

Gensol Engineering in collaboration with Matrix Gas & Renewables, a fastest growing green hydrogen infrastructure developer and natural gas aggregator, announced that it has emerged as a winning bidder for 237 MW annual capacity under Production Linked Incentive (PLI) scheme for setting up electrolyser manufacturing plant. This bid was secured through a competitive tender by Solar Energy Corporation of India (SECI). The Gensol-Matrix consortium has secured a cumulative 300 MW capacity, including a prior 63 MW awarded in the first tranche of the SECI tender that equates to Rs. 450 Crore cumulatively incentive under the PLI scheme. This Production Linked Incentive (PLI), issued by the Ministry of New and Renewable Energy (MNRE) under the National Green Hydrogen Mission, marks a significant milestone in India's renewable energy landscape. Electrolyser is the key component for production of Green Hydrogen and its derivatives. This project will play a pivotal role in achieving India's goal of producing 5 million metric tons of green hydrogen annually by 2030.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Gensol Engineering consolidated net profit rises 100.00% in the June 2024 quarter

Net profit of Gensol Engineering rose 100.00% to Rs 20.48 crore in the quarter ended June 2024 as against Rs 10.24 crore during the previous quarter ended June 2023. Sales rose 104.11% to Rs 295.15 crore in the quarter ended June 2024 as against Rs 144.60 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales295.15144.60 104 OPM %29.7125.32 - PBDT53.2627.14 96 PBT26.9314.45 86 NP20.4810.24 100 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Gensol Engineering to discuss results

Gensol Engineering will hold a meeting of the Board of Directors of the Company on 12 August 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Gensol Engineering wins order worth Rs 463 cr

Gensol Engineering has received Notification of Award for the Engineering, Design, Procurement, Erection, Testing & Commissioning for Rs 463 crore Solar plant at Khavda RE Power Park, Rann of Kutch, Gujarat. The project will be state of the art with fixed tilt module mounting structure along with remaining balance of system.Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Indices trade with deep cuts; Titan spurts 6%; VIX drops 13.5%

The domestic equity benchmarks traded with significant losses in the afternoon trade after the Budget for 2024-25 was laid down in the Parliament by the Finance Minister. The Nifty traded near the 21,300 mark after hitting the day's high of 24,582.55 in early trade. Metal, oil Rs 3 lakh to Rs 7 lakh will be taxed at 5%; Rs 7 lakh to Rs 10 lakh will be taxed at 10%; Rs 10 lakh to Rs 12 lakh will be taxed at 15%; Rs 12 lakh to Rs 15 lakh will be taxed at 20%; and income above Rs 15 lakh will be taxed at 30%. The Securities Transaction Tax (STT) on futures and options (F&Os) is proposed to be increased to 0.02% and 0.01%, respectively. Additionally, the Finance Minister states that long-term capital gains on all financial and non-financial assets will be taxed at a rate of 12.5%. The limit of exemption for capital gains will be set at Rs 1.25 lakh per year. Listed financial assets held for more than a year will be classified as long term. The FM states that the union government will target a fiscal deficit of 4.9% of the gross domestic product (GDP) for FY25, compared to the 5.1% target set in the interim budget. Gross borrowing is targeted at Rs 14.01 lakh crore, with market borrowing at Rs 11.06 lakh crore. The fiscal deficit target for FY26 is set at 4.5% of GDP. Sitharaman notes that the government will maintain strong fiscal support for infrastructure, allocating Rs 11.11 lakh crore for capital expenditure, amounting to 3.4% of India's GDP. The government also allocates Rs 1.52 lakh crore for agriculture and allied sectors. The Finance Minister emphasizes expanding the space economy by five times over the next 10 years, supported by a venture capital fund of Rs 1,000 crore. GST has significantly reduced tax incidents for the common man and eased compliance for industry. To enhance the benefits of GST, the government will strive to rationalize the tax structure. The Finance Minister adds that rules and recognition for Foreign Direct Investments (FDIs) will be simplified to facilitate their inflow, aiming to promote the use of the Rupee for overseas investments. Sitharaman also proposes supporting the development of corridors at Vishnupad Temple and Mahabodhi Temple, following the model of the Kashi Vishwanath Temple, and backing the development of Nalanda in Bihar as a tourist center. An economic policy framework will be introduced to usher in next-generation reforms aimed at boosting economic growth. Additionally, the government will provide assistance to Odisha for the development of tourism. Gainers & Losers: Titan Company (up 6.07%), ITC (up 4.52%), Tata Consumer Products (up 3.37%), Hindustan Unilever (up 1.91%) and Britannia Industries (up 1.74%) were major Nifty gainers. Oil & Natural Gas Corporation (down 3.80%), Larsen & Toubro (down 3.51%), Shriram Finance (down 3.25%), Hindalco Industries (down 3.17%) and Bajaj Finance (down 3.04%) were major Nifty losers. Stocks in Spotlight: Gensol Engineering was locked in 5% upper circuit after the company announced that it has emerged as winning bidder for 116 MW (150 MWp) of solar projects in Gujarat with approx. EPC revenue of Rs 600 crore. Coforge rose 1.59%. The IT company's consolidated net profit fell 40.45% to Rs 133.2 crore in Q1 FY25 as compared to Rs 223.7 crore in Q4 FY24. However, Revenue from operations increased 1.79% to Rs 2,400.8 crore in Q1 FY25 as compared to Rs 2,358.5 crore reported in the preceding quarter same year. Mangalore Refinery & Petrochemicals (MRPL) slipped 4.47% after it reported 93.53% drop in standalone net profit to Rs 65.57 crore in Q1 FY25 from Rs 1,012.74 crore recorded in Q1 FY24. Revenue from operations (excluding excise duty) rose 10.4% to Rs 23,247.02 crore in June 2024 quarter as compared to Rs 21,057.6 crore recorded in corresponding quarter previous year. GE Power India declined 2.03%. The company said that it has received supply order from NTPC GE Power Services (NGSL), with a contract value of Rs 348 crore. Zydus Lifesciences shed 0.59%. The company announced that it has received final approval from the United States Food and Drug Administration (USFDA) to market Valsartan tablets. Global Markets: Most European stocks declined while Asian stocks traded mixed on Tuesday. On Tuesday, Wall Street rally fueled by strong earnings reports from major tech companies. Taiwan's market, led by semiconductor stocks, snapped a five-day losing streak. This surge follows gains on Monday in the US, where the S&P 500 rose over 1% and the tech-heavy Nasdaq jumped 1.6%. Both indexes were recovering from their worst weekly performance since April. Investors seemed unfazed by the news of President Biden exiting the presidential race, instead focusing on upcoming earnings reports from tech giants Tesla and Alphabet. Both companies' stocks saw significant gains on Monday. Powered by Capital Market - Live

1 month agoCapital Market - Live