Winsol Engineers Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: WINSOL | Engineering Consultancy | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Winsol Engineers

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

Winsol Engineers stock performance -

mw4me loader
P/E Ratio (SA):
55.76
Market Cap:
484 Cr.
52-wk low:
0
52-wk high:
0

Is Winsol Engineers Ltd an attractive stock to invest in?

1. Is Winsol Engineers Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Winsol Engineers Ltd is a below average quality company.

2. Is Winsol Engineers Ltd undervalued or overvalued?

The key valuation ratios of Winsol Engineers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Winsol Engineers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Winsol Engineers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Winsol Engineers:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Winsol Engineers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'21Mar'22Mar'23TTM
ROCE % 8%12.5%35.2%-
Value Creation
Index
-0.4-0.11.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 22.260.765.475
Sales YoY Gr.-173.9%7.7%-
Adj EPS 0.61.36.27.5
YoY Gr.-115%376.7%-
BVPS (₹) 2.84.110.435.1
Adj Net
Profit
0.51.15.29
Cash Flow from Ops. -1.6-0.4-0.9-
Debt/CF from Ops. -5-25.7-11.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA7.7%
Adj EPS NANANA376.7%
BVPSNANANA154.4%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23TTM
Return on
Equity %
2137.285.133.1
Op. Profit
Mgn %
73.712NAN
Net Profit
Mgn %
2.31.87.911.6
Debt to
Equity
3.42.71.2-
Working Cap
Days
01191410
Cash Conv.
Cycle
038560

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 1.21

Return on Equity has declined versus last 3 years average to 33.10%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Winsol Engineers Ltd.

Standalone Consolidated
TTM EPS (₹) 7.5 -
TTM Sales (₹ Cr.) 75.2 -
BVPS (₹.) 35.1 -
Reserves (₹ Cr.) 29 -
P/BV 11.95 -
PE 55.76 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 484
Equity (₹ Cr.) 11.5
Face Value (₹) 10
Industry PE 34.5

Management X-Ray of Winsol Engineers:

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Event Update

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Analyst's Notes

Key Ratios of Winsol Engineers

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Sales226165
Operating Expenses 215858
Manufacturing Costs588
Material Costs124644
Employee Cost 346
Other Costs 011
Operating Profit 228
Operating Profit Margin (%) 7.0%3.7%12.0%
Other Income 000
Interest 011
Depreciation 000
Exceptional Items 000
Profit Before Tax 117
Tax 002
Profit After Tax 015
PAT Margin (%) 2.2%1.8%7.9%
Adjusted EPS (₹)0.61.36.2
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 239
Share Capital 000
Reserves 239
Minority Interest000
Debt789
Long Term Debt323
Short Term Debt467
Trade Payables7147
Others Liabilities 124
Total Liabilities 182829

Fixed Assets

Gross Block444
Accumulated Depreciation112
Net Fixed Assets332
CWIP 000
Investments 000
Inventories550
Trade Receivables81722
Cash Equivalents 000
Others Assets233
Total Assets 182829

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity -20-1
PBT 117
Adjustment 111
Changes in Working Capital -3-4-10
Tax Paid 011
Cash Flow From Investing Activity 100
Capex 000
Net Investments 000
Others 000
Cash Flow From Financing Activity 111
Net Proceeds from Shares 000
Net Proceeds from Borrowing -4-11
Interest Paid 0-1-1
Dividend Paid 000
Others 521
Net Cash Flow 000
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)20.7337.2485.08
ROCE (%)11.3517.3747.3
Asset Turnover Ratio1.222.652.33
PAT to CFO Conversion(x)N/A0-0.2
Working Capital Days
Receivable Days13876109
Inventory Days802914
Payable Days2178488

Winsol Engineers Ltd Stock News

Winsol Engineers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Winsol Engineers on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Winsol Engineers stood at ₹484.0.
The latest P/E ratio of Winsol Engineers as of 01-Jan-1970 05:30 is 55.76.
The latest P/B ratio of Winsol Engineers as of 01-Jan-1970 05:30 is 11.95.
The 52-week high of Winsol Engineers is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Winsol Engineers is ₹75.17 ( Cr.) .

About Winsol Engineers Ltd

Winsol Engineers Limited was originally incorporated as ‘Winsol Engineers Private Limited’ as a private limited company, under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated December 30, 2015 issued by Registrar of Companies, Gujarat, Ahmedabad. Subsequently, the Company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the Company held on December 9, 2023 and consequently the name of the Company was changed to ‘Winsol Engineers Limited’ pursuant to fresh certificate of incorporation dated December 21, 2023 issued to the Company by the Registrar of Companies, Gujarat, Ahmedabad.

Winsol Engineers is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) Solutions for both Wind and Solar power generation companies. Its core services for BoP Solutions includes Foundation work, Substation Civil and Electrical work, Right of Way services, Cabling to substation and Grid, and Miscellaneous work. Its clients are in the renewable energy industry who prefers the company for the BoP solutions due to its historic track record of timely completion of project, its expertise and extensive experience in the business and cost efficiency. In addition to its core BoP Solutions, the company also provides Operation and Maintenance services for Plant handling and monitoring. It is ISO-9001-2015, ISO-14001-2015 & ISO-45001-2018 certified company demonstrating its execution capabilities in quality.

Balance of Plant solutions for Wind and Solar projects refers to all the components of a power generation facility excluding the main generating equipment. This includes structures, equipment, and systems necessary for the plant's operation. This can involve the design, procurement, installation, and commissioning of the balance of plant systems necessary for the overall functioning of the facility. The company is responsible for delivering the entire project, including balance of plant components but excluding the main generating equipment (such as turbines or generators). 

Under Operation & Maintenance vertical, the company provides support to site operations for optimized performance. Its scope of service includes support site operations for minimizing the down time of turbines, SCADA Monitoring, Inspection and reporting on abnormalities, Supervisor Scheduled maintenance and periodical replacements and participate in all audits, preparation for the reports including manpower supply for the mentioned services.

Business area of the company

The company is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) Solutions for both Wind and Solar power generation companies. Its core services for BoP Solutions includes Foundation work, Substation Civil and Electrical work, Right of Way services, cabling to substation and Grid, and Miscellaneous work.

Business of the company

BoP (Balance of Plant) solutions

  • Foundation work
  • Substation civil and electrical work
  • Right of way
  • Cabling to substations

O&M (Operation and Maintenance) services

History and milestones

  • 2015: The Company was incorporated as a private limited company under the name ‘Winsol Engineers Private Limited’ 
  • 2021: The Company crossed the revenue mark of Rs 2000.00 lakh. 
  • 2022: The Company crossed the revenue mark of Rs 5000.00 lakh. 
  • 2023: The Company was converted into Public Limited Company under the name of ‘Winsol Engineers Limited’. 
  • 2024: The Company acquired entire stake in Repower Infrastructure Private Limited making it its wholly owned subsidiary.

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