The shares of one of the leading Infrastructure stocks, specialising in providing engineering, procurement, and construction (EPC) services to renewable energy and the solar power sector, are in focus upon a Bulk Deal Involving various prominent investors.
Price action
With a market capitalization of Rs. 590.18 crores on Monday, the shares of Gensol Engineering Limited hit a 5 percent lower circuit, making a low of Rs. 155.30 per share compared to its previous closing price of Rs. 163.45 per share.
What Happened
Gensol Engineering Limited engaged in providing engineering, procurement, and construction (EPC) services to renewable energy and the solar power sector, recently experienced a bulk deal, in which KLJ Plasticizers Ltd sold 2.3 Lakh equity shares at Rs. 162.10 apiece, Shyam Ferro Alloys Ltd sold 2.5 Lakh equity shares at Rs. 162.96 apiece, Narantak Dealcomm Ltd sold 2.02 Lakh equity shares at Rs. 165.39 apiece.
Additionally, Subham Buildwell Pvt Ltd sold 2.02 Lakh equity shares at Rs. 165.38 apiece, Limited Badjate Stock Broking Pvt sold 2.25 Lakh equity shares at Rs. 152 apiece, and Ishaan Tradefin LLP sold 71,173 equity shares at Rs. 158.98 apiece, all on April 04.
Furthermore, Mansi Share and Stock Advisors Pvt Ltd bought 2.16 Lakh shares at Rs. 150.10, Epitome Trading and Investments bought 3 Lakh shares at Rs. 150.26 apiece, and Ishaan Tradefin LLP bought 2.86 Lakh shares at Rs. 151.43 on April 04.
Gensol Engineering at a glance
Gensol Engineering has a strong foundation in technical advisory services and has grown significantly over the years. The company currently boasts over 33,693 MW+ in its portfolio. In the trailing twelve months (TTM), it has reported a total revenue of Rs. 1,477 Crore and has an unexecuted order pipeline worth Rs. 3,400 Crore.
The company also has contracts worth over Rs. 2,000 Crore under award and a total renewable revenue visibility exceeding Rs. 8,300 Crore.
Business segment
Gensol’s 73.82 percent of operating revenue is from Solar EPC, 26.12 percent from Lease, and the remaining 0.05 percent from Others for the December 2024 quarter. The Operating profit for Solar EPC, despite an increase in revenue growth year on year, the profits declined. Further, Leasing turned profitable from a loss in the same period.
Order Book & Fleet
The unexecuted order book as of 31st December 2024 stood at around Rs. 7,000 crore for the Solar Segment. They have more than 8,300 EVs on lease.
Financials
The company’s revenue rose by 52 percent from Rs. 227.13 crore to Rs. 345.34 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 13.12 crores to Rs. 16.91 crore during the same period.
Written by Sridhar J
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