The shares of a Micro-Cap company, specializing in providing integrated engineering, procurement, construction, and commissioning services, specifically for the renewable energy sector, are in focus upon receiving a work order from Juniper Green Energy Ltd.
With a market capitalization of Rs. 238.14 crores on Tuesday, the shares of Winsol Engineers Limited declined by upto 1.4 percent, making a low of Rs. 204.90 per share compared to its previous closing price of Rs. 207.90 per share.
Winsol Engineers Limited, engaged in providing integrated engineering, procurement, construction, and commissioning services, specifically for the renewable energy sector, has received a purchase order worth approximately Rs. 5.56 crore from Juniper Green Energy Limited for the Jam Khambaliya wind power project in Gujarat.
The contract covers the complete design, engineering, installation, and commissioning of 33 KV overhead transmission lines for a 300 MW wind power project. The project is to be completed within six months of the order date. This domestic contract further strengthens Winsol’s business relationship with Juniper Green Energy, expands its customer base, and is expected to contribute positively to the company’s profitability.
Financials & Others
The company’s revenue increased by 64 percent from Rs. 42 crore to Rs. 69 crore in H2FY24-25. Meanwhile, Net profit stood at Rs. 5 crore during both periods. The company has a P/E ratio of 19.89, which is lower than the industry average of 34.28, indicating potential undervaluation. It maintains a low debt-to-equity ratio of 0.34. The company has also demonstrated strong profitability with an average ROE of 42.58% and an average ROCE of 30.33% over the last three years.
Winsol Engineers Limited, founded in 2015 and based in Jamnagar, is an integrated engineering, procurement, construction, and commissioning (EPC) company specializing in Balance of Plant (BoP) solutions for wind and solar power projects. The company provides services such as foundation works, substation civil and electrical works, right of way, grid cabling, and operation and maintenance for renewable energy plants.
Winsol Engineers Limited has a marquee client base that includes leading names in the renewable energy and infrastructure sectors such as Suzlon, KP Energy, Sembcorp, Inox Wind, GETCO, NTPC Renewables, Aditya Birla Renewables, and Adani Renewables. These partnerships highlight the company’s strong industry reputation and its ability to deliver high-quality solutions to some of the most prominent players in the market.
Written by Sridhar J
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