Gensol Engineering Ltd
GENSOLGensol Engineering Ltd
GENSOL


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Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
HighStrong financials and growth story over the years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
AvgThe stock has a moderate number of red flags
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
28.65 | 9.01 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
42.26 | 6.11 | 0.64% |
Forecast & Ratings
Detailed Forecast from 26 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Gensol Engineering Ltd provides EPC and solar advisory services, managing turnkey projects for solar plants and leasing electric vehicles, while also setting up an EV manufacturing unit in Pune.
Investor Presentation
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Forecasts
Price
Revenue
Earnings
Price Forecast
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 62.32 | 69.64 | 84.18 | 83.49 | 64.60 | 162.40 | 403.10 | 995.90 | 1,337.58 | |||||||||
Raw Materials | 41.79 | 32.27 | 34.58 | 20.60 | 34.11 | 135.48 | 220.79 | 500.26 | 1,004.57 | |||||||||
Power & Fuel Cost | 0.04 | 0.06 | 0.00 | 0.00 | 0.11 | 0.09 | 0.11 | 0.02 | ||||||||||
Employee Cost | 6.04 | 10.85 | 15.32 | 14.77 | 10.76 | 11.48 | 14.49 | 40.86 | ||||||||||
Selling & Administrative Expenses | 3.82 | 10.83 | 9.11 | 10.44 | 5.92 | 7.62 | 16.90 | 41.48 | ||||||||||
Operating & Other expenses | 8.80 | 7.79 | 14.78 | 30.83 | 6.71 | -13.46 | 67.84 | 150.75 | ||||||||||
EBITDA | 1.83 | 7.84 | 10.39 | 6.85 | 6.99 | 21.19 | 82.97 | 262.53 | 333.01 | |||||||||
Depreciation/Amortization | 0.12 | 0.12 | 0.44 | 1.39 | 1.35 | 1.31 | 25.37 | 74.25 | 52.54 | |||||||||
PBIT | 1.71 | 7.72 | 9.95 | 5.46 | 5.64 | 19.88 | 57.60 | 188.28 | 280.47 | |||||||||
Interest & Other Items | 0.04 | 0.28 | 0.78 | 2.02 | 1.89 | 5.51 | 24.45 | 110.38 | 170.90 | |||||||||
PBT | 1.67 | 7.44 | 9.17 | 3.44 | 3.75 | 14.37 | 33.15 | 77.90 | 109.57 | |||||||||
Taxes & Other Items | 0.47 | 2.12 | 2.56 | 1.22 | 0.56 | 3.28 | 9.79 | 18.35 | 11.14 | |||||||||
Net Income | 1.20 | 5.32 | 6.61 | 2.22 | 3.19 | 11.09 | 23.36 | 59.55 | 98.43 | |||||||||
EPS | 0.12 | 0.55 | 0.68 | 0.34 | 0.97 | 3.38 | 6.73 | 15.98 | 25.99 | |||||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Annual report
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Peers & Comparison
IndustrialsConstruction & Engineering
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Gensol Engineering Ltd | 47.35 | 9.01 | — |
Larsen and Toubro Ltd | 35.05 | 4.46 | 1.02% |
GMR Airports Ltd | -139.09 | -91.38 | — |
IRB Infrastructure Developers Ltd | 51.57 | 2.27 | 0.58% |
Price Comparison
Compare GENSOL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
High Pledged Promoter Holding
A significant proportion of promoter holdings is pledged
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 1.12%
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 1.67%
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividends
GENSOL has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
Gensol Engineering will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live
Gensol Engineering has further solidified its position as a key driver of India's energy transition by securing a significant EPC contract. The company has been awarded a contract by a renowned public sector undertaking for the development of a 245 MW Solar PV Project at the prestigious Khavda RE Power Park in Gujarat. This contract, valued at approximately Rs 967.98 crore (inclusive of GST), includes three years of comprehensive O&M services. This marks Gensol's second major project win at the Khavda Solar Park within a short span, underscoring the company's strong market presence and execution capabilities. Earlier this month, the company secured an EPC contract worth Rs1062.97 crore for a 275 MW Solar PV Project - part of the larger 795 MW Solar PV Development Package - at the same location. With these two significant projects, Gensol will now be responsible for the cumulative development of 520 MW of Solar PV capacity at the Khavda Solar Park, a site poised to become the world's largest hybrid renewable energy park. Powered by Capital Market - Live
This contract, valued at approximately Rs 967.98 crore, includes three years of comprehensive O&M services. This marks Gensol's second major project win at the Khavda Solar Park within a short span. Earlier this month, the company secured an EPC contract worth Rs 1,062.97 crore for a 275 MW Solar PV Project ' part of the larger 795 MW Solar PV Development Package ' at the same location. With these two significant projects, Gensol will now be responsible for the cumulative development of 520 MW of Solar PV capacity at the Khavda Solar Park. Shilpa Urhekar, chief executive officer, Solar EPC (India) in Gensol Engineering, stated: 'We are deeply honored to have signed the contract with a leading public sector undertaking for this prestigious project. Securing two major projects at Khavda within a short timeframe reflects the trust and confidence placed in Gensol's engineering expertise, and firm commitment to customer satisfaction. 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 surged 60.5% to Rs 29.38 crore in Q2 FY25 as against Rs 18.30 crore posted in Q2 FY24. Revenue rose 13.8% YoY to Rs 346.49 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
Gensol Electric Vehicles (GEVPL), a subsidiary of Gensol Engineering, made an electrifying impact at the Bharat Mobility Global Expo 2025 with the grand unveiling of its micro urban mobility compact electric vehicle, 'EZIO' and a last-mile delivery and cargo electric vehicle 'EZIBOT'. The company announced 30,000 pre-orders received for EZIO and EZIBOT from existing fleet operators, highlighting the strong market demand and trust in its innovative mobility solutions. The launch of the two pathbreaking vehicles cater to specific urban requirements and underscores Gensol EV's commitment to developing world-class products in India, ready for global adoption and scale. Pratik Gupta, CEO, Gensol EV said, With the growing demand for eco-friendly and cost-efficient mobility, EZIO is designed to lead the way in shared urban transportation. Its cutting-edge features, including compact design, superior range, and affordability, cater specifically to the needs of fleet operators. With 30,000 pre-orders already secured from existing fleet operators for EZIO and EZIBOT, we are thrilled to see the market's confidence in our vision. As we prepare to begin production at our state-of-the-art facility in Chakan, Pune and launch in urban markets like Bangalore and Delhi, we aim to accelerate India's transition to smarter, greener mobility solutions. Powered by Capital Market - Live
Gensol Engineering (Gensol) and Refex Green Mobility (Refex eVeelz) have announced a strategic tie-up for the transfer of 2,997 electric four wheelers (e4Ws). This strategic tie-up will involve Refex eVeelz assuming Gensol's existing loan facility amounting to nearly Rs 315 crore, streamlining operations, and enhancing the deployment of e4Ws across key markets, including Chennai, Bengaluru, Hyderabad, Mumbai, and Pune where Refex eVeelz currently operates. Refex eVeelz subsequently proposes to lease these said 2,997 vehicles to Blu-Smart Mobility, a leading electric mobility platform, ensuring seamless continuity and growth in the electric mobility sector at Delhi NCR & Bengaluru. The execution of this strategic tie-up will involve the transfer of term loan responsibilities availed by Gensol from a leading financial institution for the procurement of the said 2,997 e4Ws, re-registration of vehicles, and the establishment of a long-term lease arrangement with Blu-Smart Mobility. Powered by Capital Market - Live
The company received a EPC contract from a renowned PSU for development of 275 MW solar pv project at RE Solar Park, Khavda Rann of Kutch in Gujarat, with a total bid value of approximately Rs 1061.97 crore, including three years of O&M. Shilpa Urhekar, chief executive officer, Solar EPC (India) at Gensol Engineering, stated, 'We have started calander year 2025 on a high note. We have been awarded a prestigious solar PV project contract from Renowned Public Sector Undertaking at RE Solar Park, Khavda Rann of Kutch, Gujarat. This partnership holds immense value for us, and we are grateful for the continued trust and confidence placed in us by such large RE corporation.' 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 surged 60.5% to Rs 29.38 crore in Q2 FY25 as against Rs 18.30 crore posted in Q2 FY24. Revenue rose 13.8% YoY to Rs 346.49 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
This contract includes the development of 225MW-AC (Equivalent To 276 MWDC) grid-connected Solar PV projects at GSECL Solar Park (Stage-III), Khavda located in the Rann of Kutch, Gujarat. The total bid value for this project, including operations and maintenance (O&M) for a duration of three years, amounts to approximately Rs 897.47 crore. The contract between NTPC REL and Gensol Engineering was formally executed last week, marking a substantial milestone for both entities in their pursuit of advancing renewable energy infrastructure in India. Shilpa Urhekar, Chief Executive Officer, Solar EPC (India) at Gensol Engineering Ltd., stated, 'We are thrilled to announce that we have been awarded the prestigious PV project contract by NTPC Renewable Energy Limited (NTPC REL) at GSECL SOLAR PARK (STAGE-III), located in the Rann of Kutch, Gujarat. This collaboration demonstrates the belief in Gensol's leadership in project management proficiency and renewable expertise. Recognizing the customer needs, and excellent execution together with world-best technology and O&M expertise is what sets apart us from other EPC players. This order is paramount for fulfilling India's escalating need for clean and sustainable energy, in line with the government's vision to fulfill this need. We remain pledged to make our utmost contributions in all respects.' 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 surged 60.5% to Rs 29.38 crore in Q2 FY25 as against Rs 18.30 crore posted in Q2 FY24. Revenue rose 13.8% YoY to Rs 346.49 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
New Listing: Mamata Machinery will make debut on bourses today. The IPO was subscribed 194.95 times. The issue was open between 19th December and 23rd December 2024. The IPO's price band was between Rs 230 and 243 per share. DAM Capital Advisors will make debut on bourses today. The IPO was subscribed 82.08 times. The issue was open between 19th December and 23rd December 2024. The IPO's price band was between Rs 269 and 283 per share. Transrail Lighting will make debut on bourses today. The IPO was subscribed 80.80 times. The issue was open between 19th December and 23rd December 2024. The IPO's price band was between Rs 410 and 432 per share. Sanathan Textiles will make debut on bourses today. The IPO was subscribed 35.12 times. The issue was open between 19th December and 23rd December 2024. The IPO's price band was between Rs 305 and 321 per share. Concord Enviro Systems will make debut on bourses today. The IPO was subscribed 10.67 times. The issue was open between 19th December and 23rd December 2024. The IPO's price band was between Rs 665 and 701 per share. Stocks to watch: Gensol Engineering. The company has secured an EPC contract worth Rs 897.47 crore from NTPC Renewable Energy Development for 225 MW grid-connected solar PV projects at GSECL Solar Park (Stage-III), Khavda, Gujarat. The project includes three years of operation and maintenance. Power Mech Projects. The company has secured a Rs 186 crore order from Jaiprakash Power Ventures. Under the order, it will provide field operation and maintenance services for the 2 x 660 MW Jaypee Nigrie Super Thermal Power Plant in Nigrie, Madhya Pradesh, for the next five-year period, starting from January 1, 2025, to December 31, 2029. Jubilant FoodWorks. The company has entered into a memorandum of understanding (MoU) with Coca-Cola India for the purchase of a portfolio of sparkling beverage products and certain other products from The Coca-Cola Company's authorized bottlers. The marketing activities for these products will be undertaken in the usual/ordinary course. NHPC. The loss amounting to Rs 1,005.1 crore, caused by a flash flood at the Teesta-V Power Station (510 MW) in Sikkim, has been revised to Rs 1,075.97 crore. The company has received Rs 150 crore for material damage loss, while a payment of Rs 250 crore for business interruption loss is in the advanced stage of approval and is likely to be released by the insurer shortly. Furthermore, the company anticipates that three units of 250 MW each of the Subansiri Lower HE project will be completed by May 2025, and the remaining five units (each of 250 MW) will be completed by May 2026, in a phased manner. Gujarat Fluorochemicals. The board has approved the slump sale of a 57 MW captive power plant to the company's subsidiary IGREL Mahidad, for Rs 200 crore. Additionally, the Board has approved an investment of up to Rs 40 crore in the company's subsidiary IGREL Mahidad, and Rs 200 crore in Flurry Wind Energy in one or more tranches for a 26% stake. The Board has also approved the purchase of up to 107 MW of power from IGREL Mahidad and 350 MW from Flurry Wind Energy at Rs 4 per unit. Dhani Services. The company's subsidiary Juventus Estate (as a licensee/landowner) has obtained registration for the development of the residential project 'Indiabulls Estate & Club-I' at Sector 104, Gurugram, on the 8-lane Dwarka Expressway, from the Haryana Real Estate Regulatory Authority in Gurugram. Additionally, the Board will meet on December 13 to consider raising funds via the issue of equity through a qualified institutions placement or preferential issue. Powered by Capital Market - Live
The project involves the development of a 22 MW ground-mounted solar PV power plant with a total contract value of Rs 88 crore and is set to be executed over a 6-month period. The project will feature high-efficiency bi-facial solar modules, selected to maximize energy output and ensure long-term durability. This innovative approach supports India's ambitious renewable energy goals and plays a key role in developing a strong green energy infrastructure. With solar power leading the way, renewable solutions are increasingly popular in the commercial and industrial sectors, helping businesses reduce their carbon footprint and embrace sustainability. By leveraging its expert design and execution capabilities, Gensol will ensure optimal capture and utilization of solar energy that will help the customer make its manufacturing processes more sustainable and responsible. The awarding of this contract to Gensol highlights the company's growing expertise and proven track record of delivering renewable energy projects on time, it added. Shilpa Urhekar, chief executive officer (CEO), Solar EPC (India), Gensol Engineering, said, We are deeply grateful for the trust placed in us by the customer. This significant project is a testament to Gensol's growing expertise as a provider of comprehensive, end-to-end solar solutions for commercial, industrial, and corporate clients to meet their sustainability and energy transition commitments. It will play a vital role in advancing India's clean energy transition, aligning with our firm commitment to contributing to the low-carbon energy mix. We look forward to further collaborating with the state of Punjab and the steel industry to support and enhance India's renewable energy goals and decarbonise the supply chain & manufacturing.' 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
Gensol Engineering has secured a first large turnkey Solar project from a leading steel product company in Punjab. The project involves the development of a 22 MW ground-mounted solar PV power plant, with a total contract value of Rs 88 crore is set to be executed over a 6-month period. The project will utilize high-efficiency Bi-facial solar modules, strategically chosen to maximize energy output and ensure long-term durability. This innovative approach aligns perfectly with India's ambitious renewable energy targets and contributes significantly to the development of a robust green energy infrastructure. Led by solar power, renewable solutions are gaining traction in the C&I segment as they allow commercial establishments and industries to decarbonize their energy consumption and cut down carbon footprint, embrace sustainabilityPowered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 63.91%, vs industry avg of 8.78%
Increasing Market Share
Over the last 5 years, market share increased from 0.03% to 0.21%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 55.22%, vs industry avg of 27.9%