Is Winsol Engineers Ltd (WINSOL) 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 .

Is Winsol Engineers Ltd (WINSOL) 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 Undervalued zone .

What is Winsol Engineers Ltd (WINSOL) share price return in the past 10 years?

Data is not available for this company

Is Winsol Engineers Ltd (WINSOL) a good buy now?

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

What is the share price of Winsol Engineers Ltd (WINSOL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Winsol Engineers Ltd (WINSOL) on 01-Jan-1970 05:30:00 at 05:30 is .

What is the market cap of Winsol Engineers Ltd (WINSOL)?

Market capitalization 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 at 05:30, the market cap of Winsol Engineers stood at Rs. 159.01 Cr.

What is the P/E ratio of Winsol Engineers?

The latest standalone P/E ratio of Winsol Engineers as of 01-Jan-1970 is 14.02.

What is the P/B ratio of Winsol Engineers Ltd (WINSOL)?

The latest standalone P/B ratio of Winsol Engineers Ltd (WINSOL) as of 01-Jan-1970 is 3.27.

What is the 52-week high and low of Winsol Engineers Ltd (WINSOL)?

The 52-week high of Winsol Engineers Ltd (WINSOL) is Rs. 0.00 and the 52-week low is Rs. 0.00.

What is the TTM revenue of Winsol Engineers Ltd (WINSOL)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Winsol Engineers is Rs. 110.57 (Cr.).

Winsol Engineers Ltd (WINSOL) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Winsol Engineers Ltd (WINSOL)
Brand: Winsol Engineers

10 Year X-Ray :

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	11.4%	17.4%	45.3%	52.9%	36.2%	-
Value Creation Index ⓘ	-0.2	0.2	2.2	2.8	1.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	22.2	60.7	65.4	75.2	111	111
Sales YoY Gr.	-	173.9%	7.7%	14.9%	47.1%	-
Adj EPS ⓘ	0.6	1.3	6.1	10.3	9.8	9.8
YoY Gr.	-	115%	376%	67.9%	-4.7%	-
BVPS (₹) ⓘ	2.8	4.1	10.4	20.4	42.2	42.2
Adj Net Profit ⓘ	0.5	1.1	5.2	8.7	11.3	11
Cash Flow from Ops. ⓘ	-1.6	-0.4	-0.3	3.8	-24.2	-
Debt/CF from Ops. ⓘ	-5	-25.7	-41.1	2.5	-0.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	22.1%	47.1%
Adj EPS ⓘ	NA	NA	96.8%	-4.7%
BVPSⓘ	NA	NA	117.8%	106.6%
Share Price	-	-	-	-31.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	21	37.2	84.6	66.9	34.5	23.3
Op. Profit Mgn % ⓘ	7	3.7	11.9	17	15.3	NAN
Net Profit Mgn % ⓘ	2.3	1.8	7.9	11.6	10.3	10.3
Debt to Equity ⓘ	3.4	2.7	1.3	0.6	0.3	-
Working Cap Days ⓘ	0	119	141	151	195	0
Cash Conv. Cycle ⓘ	0	38	60	89	107	0

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.13%

Net Profit is growing at healthy rate in last 3 years 96.78%

Debt to equity has declined versus last 3 years average to 0.33

Return on Equity has declined versus last 3 years average to 23.30%

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

	Standalone	Consolidated
TTM EPS (₹)	9.8	10.2
TTM Sales (₹ Cr.)	111	111
BVPS (₹) ⓘ	42.2	42.9
Reserves (₹ Cr.) ⓘ	37	38
P/BV ⓘ	3.27	3.21
PE ⓘ	14.02	13.49

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	159
Equity (₹ Cr.)	11.5
Face Value (₹)	10
Industry PE ⓘ	29.8

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	22	61	65	75	111
Operating Expenses ⓘ +	21	58	58	62	94
Manufacturing Costs	5	8	6	26	25
Material Costs	12	46	45	27	50
Employee Cost	3	4	6	8	10
Other Costs ⓘ	0	1	1	2	9
Operating Profit ⓘ	2	2	8	13	17
Operating Profit Margin (%)	7.0%	3.7%	11.9%	17.0%	15.3%
Other Income ⓘ +	0	0	0	0	0
Exceptional Items ⓘ	-0	0	0	0	0
Interest ⓘ	0	1	1	1	1
Depreciation ⓘ	0	0	0	0	0
Profit Before Tax ⓘ	1	1	7	12	16
Tax ⓘ	0	0	2	3	4
Profit After Tax	0	1	5	9	11
PAT Margin (%)	2.2%	1.8%	7.9%	11.6%	10.3%
Adjusted EPS (₹)	0.6	1.3	6.1	10.3	9.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	2	3	9	17	49
Share Capital ⓘ	0	0	0	8	12
Reserves ⓘ	2	3	9	9	37
Debt +	7	8	9	8	16
Long Term Debt	3	2	3	2	4
Short Term Debt	4	6	7	7	12
Minority Interest	0	0	0	0	0
Trade Payables	7	14	5	9	12
Others Liabilities ⓘ	1	2	5	5	7
Total Liabilities ⓘ	18	28	29	39	85
Fixed Assets
Net Fixed Assets ⓘ +	3	3	2	2	2
Gross Block	4	4	4	4	4
Accumulated Depreciation	1	1	2	2	2
CWIP ⓘ	0	0	0	0	0
Investments ⓘ	0	0	0	0	0
Inventories	5	5	0	7	26
Trade Receivables	8	17	22	25	35
Cash Equivalents	0	0	0	0	0
Others Assets ⓘ	2	3	3	4	22
Total Assets ⓘ	18	28	29	39	85

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-2	-0	-0	4	-24
PBT ⓘ	1	1	7	12	16
Adjustment ⓘ	1	1	1	1	1
Changes in Working Capital ⓘ	-3	-4	-6	-6	-37
Tax Paid ⓘ	0	1	-2	-3	-4
Cash Flow From Investing Activity ⓘ +	1	0	0	-1	-2
Capex	0	-0	-0	-0	-0
Net Investments	0	0	0	-0	0
Others ⓘ	0	0	0	-0	-2
Cash Flow From Financing Activity ⓘ +	1	1	-0	-3	26
Net Proceeds from Shares ⓘ	0	0	0	0	20
Net Proceeds from Borrowing ⓘ	-4	-1	2	-1	2
Interest Paid ⓘ	-0	-1	-1	-1	-1
Dividend Paid ⓘ	0	0	0	0	0
Others ⓘ	5	2	-1	-1	4
Net Cash Flow ⓘ	-0	0	-0	0	-0

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	20.73	37.24	84.56	66.85	34.46
ROCE (%)	11.35	17.37	45.33	52.87	36.21
Asset Turnover Ratio	1.22	2.65	2.33	2.23	1.79
PAT to CFO Conversion(x)	N/A	-0	-0	0.44	-2.18
Working Capital Days
Receivable Days	138.30	75.70	109	114.60	98.20
Inventory Days	80	28.80	13.60	17.70	54.20
Payable Days	217.20	84.40	80.30	96.20	77.50

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.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Winsol Engineers Ltd (WINSOL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating