Shares of a leading green energy company have gained attention after securing a Rs.2.48 crore order for transmission lines from TEQ Green Power XI Private Limited. The deal is expected to enhance the company’s revenue prospects and reinforce its position in the green energy sector, driving investor optimism for future growth.
Price Action
During Wednesday’s trading session, Winsol Engineers Ltd shares hit an intra-day high of Rs.219.80 per share, rising 1 percent from the previous close of Rs.215.65 each. The share has since retreated and trading at Rs.205.70 per share.
Order Details
Winsol Engineers Ltd has secured a service order from TEQ Green Power XI Private Limited for the procurement, supply, unloading, construction, erection, installation, testing, and commissioning of a 33 KV Line Internal Evacuation System. The total value of the order is approximately Rs.2.48 crore (exclusive of GST), for work to be executed in various villages in Beed District, Maharashtra.
This contract is awarded by a domestic entity, TEQ Green Power XI Private Limited, with payment terms outlined in the order’s terms and conditions. The work is scheduled to be completed by May 15, 2025, marking a significant step in the company’s involvement in the green energy sector.
Core Services
The company offers comprehensive engineering, procurement, construction, and commissioning services for renewable energy projects. It specializes in foundation work, substation civil and electrical services, and right-of-way solutions.
Financial Overview
According to its recent financial updates, Winsol Engineers Ltd reported consolidated revenue of Rs.42 crores in H1 FY25, marking a 27 percent increase from Rs.33 crores in H1 FY24. Similarly, the company saw a 50 percent increase in net profit to Rs.6 crores, compared to Rs.4 crores in the same period.
Ratio Analysis
The company has a Return on Capital Employed (ROCE) of 28.54 percent and a Return on Equity (ROE) of 25.02 percent. Its Price-to-Earnings (P/E) ratio stands at 28.56, lower than the industry average of 34.48. Furthermore, the company maintains a solid current ratio of 5.41, a debt-to-equity ratio of 0.23, and an Earnings Per Share (EPS) of Rs.7.55.
Business Overview
Founded in December 2015 and headquartered in Jamnagar, Gujarat, Winsol Engineers Limited is a fast-growing company that specializes in delivering integrated engineering, procurement, construction, and commissioning services. The company primarily focuses on providing Balance of Plant (BoP) solutions for renewable energy sectors, particularly solar and wind power generation.
Written by – Siddesh S Raskar
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