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Upper Circuit Stock: Company Got The Biggest Order In History From A Renowned Power Company

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Gensol Engineering Ltd (NSE: GENSOL): At present, work is going on in full swing on clean energy projects in the country to reduce carbon emissions.

In this series, Gensol Engineering said on the last trading day (22 March 2024) that it has received the biggest order to date of ₹ 520 crore from a big power company in Maharashtra.

The company announced in a filing to the stock exchange that, under the project, 100 MWAC/135 MWp of Ground-mount PV system will be built over 500 acres of Maharashtra.

Company CEO Ali Imran Naqvi said that this project will play an important role in India’s clean energy transition and decarbonized future.

Just last month, its subsidiary Gensol Electric Vehicles Pvt received approval and certification to operate an electric car from the Automotive Research Association of India (ARAI).

Gensol Engineering said in an announcement on the stock exchange that this milestone is a major development, and will pave to the official launch and sales of the electric car in India. Indian market.

In addition, in the last month, it received two orders of  3.37 cr rupees to construct solar energy projects located in Rajasthan in addition to Maharashtra. The contract covers everything from engineering and design to construction, procurement, and commissioning.

Gensol said that the projects include free-issue modules and reflect Gensol’s passion and effectiveness in the renewable energy industry. This stock has seen a rise of more than 15% in 5 sessions.

About Gensol Engineering Ltd Company 

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₹ 3,498 Cr.
Current Price₹ 924
52-wk High₹ 1,377 
52-wk Low₹ 312
Stock P/E64.7
Book Value₹ 77.0
Dividend0.00 %
ROCE12.4 %
ROE21.4 %
Face Value₹ 10.0
P/B Value10.8
OPM26.5 %
EPS₹ 14.4
Debt₹ 871 Cr.
Debt to Equity2.99

Gensol Engineering Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 1280₹ 1400
2025₹ 1567₹ 1976
2026₹ 2142₹ 2324
2027₹ 2454₹ 2765
2028₹ 2876₹ 2987
2029₹ 3000₹ 3253
2030₹ 3325₹ 3543
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Gensol Engineering Ltd Shareholding Pattern

Promoters Holding
Dec 202264.67%
Mar 202364.67%
June 202364.67%
Sept 202364.67%
Dec 202362.60%
FII Holding
Dec 20221.84%
Mar 20231.83%
June 20231.94%
Sept 20232.57%
Dec 20232.94%
DII Holding
Dec 20220.42%
Mar 20230.66%
June 20230.66%
Sept 20230.75%
Dec 20230.84%
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Public Holding
Dec 202233.07%
Mar 202332.85%
June 202332.72%
Sept 202332.01%
Dec 202333.62%

Gensol Engineering Ltd Share: Last 5 Years’ Financial Condition

To better understand 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
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Last 5 Years’ Debt-To-Equity Ratio:

20190.12
20200.13
20210.06
20221.71
20232.53

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. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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