Gensol Engineering Ltd (NSE: GENSOL): Solar and electric vehicle enterprise Gensol Engineering Limited has informed the stock market recently that it has received a solar power project worth 422.5 MW.
Gensol Engineering Ltd company has received the request in connection with a solar power plant from two independent power companies.
The price of this project for the solar power project is 337.7 crore. Gensol Engineering is a company owned by a seasoned stock market investor Mukul Agarwal.
It has delivered multibagger returns to its investors both in the short and long term.
In the initial order placed through Gensol Engineering, a 250 MW solar power project is planned to be built in Rajasthan.
Gensol Engineering also is working on a 50MW solar power plant in Maharashtra.
The company is hoping that with this purchase of 337.70 crore, which was received in the current financial year an increase in profits and revenue of the company will be accounted for.
Gensol Engineering has received this order for the Greenfield Solar Project from the company that is developing the project.
It was established in 2012, Gensol Engineering Limited is the main business of the Gensol Group which deals in procurement, engineering, and construction services.
Gensol Engineering Limited is involved in the solar power industry as well as the electric vehicle segment.
As of now, Gensol Engineering Ltd company has constructed solar power projects that total over 600 MW.
Recently an electric vehicle production facility production of vehicles has been installed at the firm in Pune. A seasoned investor in the stock market Mukul Aggarwal has taken a stake in Gensol Engineering.
Mukul Aggarwal took the 1.5 percent share in Gensol Engineering and the holding amount is 5.70 lakh shares owned by him is about 72 crore rupees.
Gensol Engineering Limited deals with the development of renewable energy projects. Gensol Engineering also manufactures Solar power plants. Gensol Engineering currently serves customers in India.
Gensol Engineering shares have given multibagger yields of 3150 percent to investors in the past 2 years.
To earn money by buying shares be on the lookout for Gensol Engineering shares.
About Gensol Engineering Ltd
Gensol Engineering Limited provides renewable energy solutions for India, Southeast Asia, the Middle East, and Africa. Gensol Engineering Limited provides solar advisory services.
These comprise engineering and design for property owners which includes a review of construction supervision, facilitation of permits and clearances; detailed reports on projects and financial closing assistance in addition, engineering design, plant hand-over, and design services.
It also offers lenders engineering services, which include pre-financial closure due diligence and performance acceptance,& pre-disbursement inspection, performance acceptance services design Engineering and Review services; projects management, and strategic and policy advice services.
Additionally, the firm provides solar EPC services, including RCC roof shed roofs, shed roofs ground mounted, super structures, and solar maintenance and operation services.
Gensol Engineering Limited was founded in 2007 and is located in Ahmedabad, India.
Fundamental Analysis of Gensol Engineering Ltd
| Market Cap | ₹ 4,696 Cr. |
| Current Price | ₹ 1,240 |
| 52-wk High | ₹ 2,527.05 |
| 52-wk Low | ₹ 708.90 |
| Stock P/E | 86.8 |
| Book Value | ₹ 77.0 |
| Dividend | 0.00 % |
| ROCE | 12.4 % |
| ROE | 21.4 % |
| Face Value | ₹ 10.0 |
| P/B Value | 16.1 |
| OPM | 26.5 % |
| EPS | ₹ 14.4 |
| Debt | ₹ 871 Cr. |
| Debt to Equity | 2.99 |
Gensol Engineering Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹1280 | ₹1400 |
| 2025 | ₹1567 | ₹1976 |
| 2026 | ₹2142 | ₹2324 |
| 2027 | ₹2454 | ₹2765 |
| 2028 | ₹2876 | ₹2987 |
| 2029 | ₹3000 | ₹3253 |
| 2030 | ₹3325 | ₹3543 |
Gensol Engineering Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 64.67% |
| Mar 2023 | 64.67% |
| June 2023 | 64.67% |
| Sept 2023 | 64.67% |
| Dec 2023 | 62.60% |
| FII Holding | |
| Dec 2022 | 1.84% |
| Mar 2023 | 1.83% |
| June 2023 | 1.94% |
| Sept 2023 | 2.57% |
| Dec 2023 | 2.94% |
| DII Holding | |
| Dec 2022 | 0.42% |
| Mar 2023 | 0.66% |
| June 2023 | 0.66% |
| Sept 2023 | 0.75% |
| Dec 2023 | 0.84% |
| Public Holding | |
| Dec 2022 | 33.07% |
| Mar 2023 | 32.85% |
| June 2023 | 32.72% |
| Sept 2023 | 32.01% |
| Dec 2023 | 33.62% |
Gensol Engineering Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 79 Cr |
| 2020 | ₹ 75 Cr |
| 2021 | ₹ 60 Cr |
| 2022 | ₹ 154 Cr |
| 2023 | ₹ 686 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 5 Cr |
| 2020 | ₹ 2 Cr |
| 2021 | ₹ 3 Cr |
| 2022 | ₹ 11 Cr |
| 2023 | ₹ 54 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.12 |
| 2020 | 0.13 |
| 2021 | 0.06 |
| 2022 | 1.71 |
| 2023 | 2.53 |
Last 10 Years’ Profit Growth:
| 10 Years: | 120% |
| 5 Years: | 44% |
| 3 Years: | 132% |
| Current Year: | 144% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 21% |
| 3 Years: | 21% |
| Last Year: | 21% |
Sales Growth Over 10 Years:
| 10 Years: | 86% |
| 5 Years: | 42% |
| 3 Years: | 69% |
| Current Year: | 138% |
Conclusion
This article is a complete guide about Gensol Engineering Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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