GENSOL Engineering Limited: After receiving an order for ₹968 crore, Gensol Engineering’s solar stock surges more than 5%. Let’s learn the whole story with regards to Gensol Engineering Limited.
Brief Background of GENSOL Engineering Limited
Based in India, Gensol Engineering Limited provides solar consultation services as well as engineering, procurement, and construction (EPC) services. For solar projects in several regions, including India, the company offers technical due diligence, thorough engineering, quality control, construction monitoring, and other consulting services. The company offers consultancy services to government policymakers, solar EPC firms, institutes, and project developers. The business is divided into three divisions:
- EV Manufacturing,
- EV Leasing,
- And EPC.
Turnkey engineering, construction, and procurement contracts are managed globally by the EPC segment. EV Leasing is a company that buys and leases electric vehicles (EVs) via a variety of ride-hailing and logistical platforms. An electric vehicle car manufacturing facility with a capacity of about 12,000 vehicles annually is being established in Pune by the EV Manufacturing division.
GENSOL Engineering Limited Order Details
In a press statement, Gensol Engineering announced that it had been given a contract by a reputable public sector enterprise to create a 245 MW solar photovoltaic project in Gujarat’s esteemed Khavda RE Power Park. This contract, which includes 3 years of full O&M services, is valued at about ₹967.98 crores (including GST).
Gensol will now be in charge of the total construction at Khavda Solar Park (520 MW of solar PV), which is on track to become the largest hybrid renewable energy park in the world, thanks to the recent noteworthy projects.
What Does BSE Have to Say About GENSOL?
BSE SmallCap index constituents include Gensol Engineering. The BSE website states that within the past year, this stock, which is a small cap, has had a 35 percent correction. The stock’s multibagger return in the last two years has been 123%. The counter has soared by 1193 percent in 3 years and 3479 percent in 5 years, respectively.
Financial Analysis of GENSOL Engineering Limited
In the last year, Gensol has achieved remarkable progress. Net sales in Q2 of FY25 were at Rs 347 crores, up 14% from the year before, and net profit was Rs 23 crores, up an astounding 29% from the year before. The company’s first half-year finished on a positive note with net revenues of Rs 710 crore, a staggering 49% rise over the previous year. Additionally, net profits rose to Rs 50 crores, a 52% rise. Along with a 129% growth in net profit of 53.5 crores, GPP also recorded pleasing net sales for FY24 (of around Rs 963 crores), up 142% from FY23.
Conclusion
Gensol Engineering witnessed a share surge due to its order book, which shows strong projections. The company is in a powerful position at the moment, and the loyal investors are enjoying their gains time and again.
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