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Winsol Engineers Ltd (WINSOL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: WINSOL Engineering Consultancy | Small Cap | Winsol Engineers Share Price

BSE Share Price
Not Listed

Winsol Engineers Ltd (WINSOL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: WINSOL Engineering Consultancy | Small Cap | Winsol Engineers Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹142 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹12.4
TTM Sales
₹136 Cr.
Book Value per Share
₹42.2
P/E Ratio
9.92
Lower than its 5-year historical median
Industry PE
31.7
Price to Book (P/B)
2.92
Lower than its 5-year historical median
Price to Sales (P/S)
1.04
Lower than its 5-year historical median
EV/EBITDA
6.29
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
34.46%
Outperforms industry median
Return on Capital Employed (ROCE)
36.21%
Outperforms industry median
Return on Assets (ROA)
18.36%
Operating Profit Margin
15.3%
Net Profit Margin
10.26%
Gross Profit Margin
14.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
47.11%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
32.5%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
30.65%
Asset Quality
Promoter Holding
73.73%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹37 Cr.
Equity
₹11.5 Cr.
Face Value
₹10
All Time Low / High
- / -

Winsol Engineers stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Winsol Engineers Ltd a good quality company?
Winsol Engineers Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Winsol Engineers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Winsol Engineers Ltd vs industry peers?
Winsol Engineers Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Winsol Engineers Ltd?
Promoters hold 73.73% of the Winsol Engineers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Winsol Engineers Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -40.02% based on the current price.
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10 Year X-Ray : Login to view analysis.

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 ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ11.4%17.4%45.3%52.9%36.2%-
Value Creation
Index ⓘ		-0.20.22.22.81.6-

Growth Parameters ⓘ
Sales ⓘ22.260.765.475.2111136
Sales YoY Gr.-173.9%7.7%14.9%47.1%-
Adj EPS ⓘ0.61.36.110.39.812.4
YoY Gr.-115%376%67.9%-4.7%-
BVPS (₹) ⓘ2.84.110.420.442.242.2
Adj Net
Profit ⓘ		0.51.15.28.711.314
Cash Flow from Ops. ⓘ-1.6-0.4-0.33.8-24.2-
Debt/CF from Ops. ⓘ-5-25.7-41.12.5-0.7-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA22.1%47.1%
Adj EPS ⓘNANA96.8%-4.7%
BVPSⓘNANA117.8%106.6%
Share Price - - - -42%

Key Financial Parameters ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		2137.284.666.934.529.4
Op. Profit
Mgn % ⓘ		73.711.91715.3NAN
Net Profit
Mgn % ⓘ		2.31.87.911.610.310.5
Debt to
Equity ⓘ		3.42.71.30.60.3-
Working Cap
Days ⓘ		01191411511950
Cash Conv.
Cycle ⓘ		03860891070

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales22616575111
Operating Expenses ⓘ + 2158586294
Manufacturing Costs5862625
Material Costs1246452750
Employee Cost 346810
Other Costs ⓘ 01129
Operating Profit ⓘ 2281317
Operating Profit Margin (%) 7.0%3.7%11.9%17.0%15.3%
Other Income ⓘ + 00000
Exceptional Items ⓘ -00000
Interest ⓘ 01111
Depreciation ⓘ 00000
Profit Before Tax ⓘ 1171216
Tax ⓘ 00234
Profit After Tax 015911
PAT Margin (%) 2.2%1.8%7.9%11.6%10.3%
Adjusted EPS (₹)0.61.36.110.39.8
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of Winsol Engineers - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2391749
Share Capital ⓘ 000812
Reserves ⓘ 239937
Debt +789816
Long Term Debt32324
Short Term Debt467712
Minority Interest00000
Trade Payables7145912
Others Liabilities ⓘ 12557
Total Liabilities ⓘ 1828293985

Fixed Assets

Net Fixed Assets ⓘ +33222
Gross Block44444
Accumulated Depreciation11222
CWIP ⓘ 00000
Investments ⓘ 00000
Inventories550726
Trade Receivables817222535
Cash Equivalents 00000
Others Assets ⓘ 233422
Total Assets ⓘ 1828293985

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -2-0-04-24
PBT ⓘ 1171216
Adjustment ⓘ 11111
Changes in Working Capital ⓘ -3-4-6-6-37
Tax Paid ⓘ 01-2-3-4
Cash Flow From Investing Activity ⓘ + 100-1-2
Capex 0-0-0-0-0
Net Investments 000-00
Others ⓘ 000-0-2
Cash Flow From Financing Activity ⓘ + 11-0-326
Net Proceeds from Shares ⓘ 000020
Net Proceeds from Borrowing ⓘ -4-12-12
Interest Paid ⓘ -0-1-1-1-1
Dividend Paid ⓘ 00000
Others ⓘ 52-1-14
Net Cash Flow ⓘ -00-00-0

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)20.7337.2484.5666.8534.46
ROCE (%)11.3517.3745.3352.8736.21
Asset Turnover Ratio1.222.652.332.231.79
PAT to CFO Conversion(x)N/A-0-00.44-2.18
Working Capital Days
Receivable Days138.3075.70109114.6098.20
Inventory Days8028.8013.6017.7054.20
Payable Days217.2084.4080.3096.2077.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Winsol Engineers Ltd FAQs

The current trading 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 31-Dec-1969 the market cap of Winsol Engineers stood at ₹141.9 Cr

The latest P/E ratio of Winsol Engineers as of 31-Dec-1969 is 9.92.

The latest P/B ratio of Winsol Engineers as of 31-Dec-1969 is 2.92.

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 ₹136 ( Cr.) .

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

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

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.

About Winsol Engineers Ltd

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.

The company 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.

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.
  • 2025: Received a letter of intent, from Reliance Industries amounting to Rs 8.35 crore exclusive of GST, for a high-value renewable energy project.
  • 2026: Successfully commissioned a Solar Power Plant under the PM KUSUM-C Feeder Level Solarization Scheme at Gujarat with an installed capacity of 4000.00 KW (AC) / 4436.88 KW (DC), as duly certified by Paschim Gujarat Vij Company (PGVCL).

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