₹1 lakh to ₹46 lakh in 3-Yrs and FIIs & DIIs increased their stake: The Company received orders worth Rs 450 crore

Gensol Engineering Limited (BOM: 542851 & NSE: GENSOL) has won a project for a 70 MW (140MWh) Battery Energy Storage System (BESS) from Gujarat Urja Vikas Nigam Limited (GUVNL). The cost of this project is Rs 450 crore. The project, one of the first of its kind in the country, involves the development of a standalone Battery Energy Storage System (BESS).

Gensol emerged as the lowest bidder in the tender for a partial capacity of 70 MW/140MWh for a 250 MW/500 MWh BESS project and will provide energy storage capacity to GUVNL on a tariff-based global competitive bidding model. The project is expected to contribute Rs 450 crore to Gensol’s revenue during the contract period.

Order Book of ₹1500 Crore

In FY23, the company successfully won bids for the development of 30 MW floating solar projects worth ₹232.5 crore. Additionally, it received purchase orders from reputed customers for the execution of solar power projects with a total capacity of more than 247 MWp and worth ₹501 crore. By the end of FY23, the cumulative order book for the Engineering, Procurement, and Construction (EPC) business reached a substantial amount of ₹1025 crore. After getting this project, the order book of the company has now reached around Rs 1500 crore.

Raised ₹900 Crore in its Latest Fund Raising Round

In a significant development on February 6, 2024, Gensol Engineering Limited, a leading player in the renewable energy and electric mobility sectors, has successfully raised Rs. ₹900 crore (₹9 billion) in equity capital through a preferential round. This achievement marks a major milestone in the company’s pursuit of extraordinary growth and leadership within the green energy and clean mobility revolution.

The Board of Directors has approved the issue of 1,03,34,059 warrants, each having a face value of Rs. 10/-. These warrants provide the right to subscribe for one equity share per warrant. However, the issuance is subject to pending statutory/regulatory approvals and approval from shareholders.

The equity fundraising initiative saw active participation from reputed international and domestic investors, including foreign portfolio investors (FPIs) such as Elara India Opportunities Fund, Aries Opportunities Fund, and Tano Investment Opportunities Fund.

FIIs & DIIs Increase Stake

Mar 202170.72%
Mar 202271.17%
Dec 202264.67%1.84%0.42%
Mar 202364.67%1.83%0.66%
Jun 202364.67%1.94%0.66%
Sep 202364.67%2.57%0.75%
Dec 202362.60%2.94%0.84%

FIIs and DIIs have been continuously increasing their stake for the last 5 quarters. FIIs increased their stake by 0.37% and DIIs by 0.09% in the December quarter. Currently, FIIs hold a 2.94% and DIIs hold a 0.84% ​​stake in the company.

Gensol Engineering Shares Performance & Return

Shares of Gensol Engineering were listed on BSE in Oct 2019 and since its listing, it has given wonderful returns. Its Shares have surged more than 4000% since listing. If we talk about the recent performance of the stock, it has doubled in eight months. Its stock has increased by 48.97% in six months, 178.97% in nine months, and more than 200% in a year. You can check the tables below to know the performance in detail.

PeriodClosingGrowthReturns on ₹1 Lakh

In the last 12 months, Gensol Engineering shares have increased investors’ money more than three times, that is, if you had invested ₹ 1 lakh in it a year ago, the value of those shares would have increased to ₹326,480 today.

Gensol Engineering Shares Performance in 2024 YTD

MonthOpeningClosingGain/ Fall
Total Returns in 20247.52%

Gensol Engineering’s share price was ₹848.65 in January and today it is trading at ₹912.50 representing a total gain of 7.52% in 2024 YTD.

Gensol Engineering Shares Surged 150% in 2023

MonthOpeningClosingGain/ Fall
Total Returns in 2023149.49%

Investors who invested in it in 2023 earned quite well returns. The share price of Gensol Engineering Limited in January 2023 was ₹337.97 and on the last trading day of the year, it closed at ₹843.20 with a gain of 149.49%.

More than 4000% Growth (Gensol Engineering Shares Compounded Performance)

In the table below you can check the company’s absolute returns and CAGR growth from listing. You can also check that if someone has invested a lump sum of Rs 1 lakh then what is the value of those Rs 1 lakh worth of shares today…

PeriodGrowthCAGRReturns on ₹1 Lakh
1Y226%226.30%₹3.26 lakh
2Y961%225.74%₹10.61 lakh
3Y4520%258.83%₹46.2 lakh
4Y4608%161.95%₹47.08 lakh
MAX4132%134.03%₹42.32 lakh
  • There has been an increase of 226% in a year. If we look at the performance of the last two years, it has seen a rise of 961%.
  • In the past three years, it has increased investors’ money by more than 46 times.
  • For investors who had invested Rs 1 lakh in it on the day of listing, the value of those shares has increased to ₹42.32 lakh.
  • The CAGR growth of the stock since the listing is 134.03%.

Gensol Engineering Shares Performance (Year-wise)

YearOpenCloseGain/ Fall
Gensol Engineering Solar EPC, EV Leasing, EV Manufacturing
Gensol Engineering is engaged in the business of solar consultancy and EPC.

About the Company

Gensol Engineering Limited (BOM: 542851 & NSE: GENSOL) has established itself as a leader in Solar EPC, EV Leasing, and EV Manufacturing, demonstrating its dedication towards innovation and environmental responsibility. The company has set an ambitious target of achieving 5x growth within the next three years.

Market Cap₹ 3,518 Cr.
Current Price₹ 929
High / Low₹ 1,377 / 266
Intrinsic Value₹ 364
Book Value₹ 77.0
Face Value₹ 10.0
ROCE12.4 %
ROE21.4 %
PEG Ratio1.48
EPS₹ 14.4
P/B Value12.0
Dividend Yield0.00 %
Stock P/E65.1
Industry PE39.9
OPM26.5 %
Quick Ratio1.81
Debt₹ 871 Cr.
Debt to equity2.99
Current liabilities₹ 292 Cr.
Current assets₹ 540 Cr.
Return on Assets4.65 %
Reserves₹ 279 Cr.
Cash Equivalents₹ 250 Cr.
Inventory₹ 10.0 Cr.

Quarter 3 Financial Year 24 Result

Standalone Figures in Rs. Crores

Dec 202246.00-132%
Sep 2023193.001626%
Dec 2023201.001833%

Gensol Engineering Limited Profit & Loss Statement

Standalone Figures in Rs. Crores

Mar 201979.00510%
Mar 202075.0023%
Mar 202160.0038%
Mar 2022154.001111%
Mar 2023366.002715%

Last 10 Years Compounded Sales & Profit Growth

PeriodSales GrowthProfit Growth
10 Years86%120%
5 Years42%44%
3 Years69%132%
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