Green Energy stock engaged in providing integrated engineering, procurement, construction, and commissioning services for solar, wind energy, and others in focus upon receiving a work order worth Rs. 13.83 Crores.
With a market capitalization of Rs. 480.90 Crores, the shares of Winsol Engineers Limited hit a 5 percent lower circuit at Rs. 416.90, from its previous day’s close price of Rs. 438.85.
Winsol Engineers Limited has received a new domestic work order from WYN Renewables Private Limited for a consideration of Rs. 13.83 Crores for the supply of a 66KV transmission line, Double Circuit Tower with an Eco Panther Conductor, and the order should be executed before November 2024.
Winsol Engineers Limited provides integrated engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) Solutions for both solar and wind power generation firms. Its core services for BoP Solutions include foundation work, substation civil and electrical work, and right-of-way services.
Winsol Engineers Limited has been executing various projects on a Turnkey basis for various clients including Adani Green Energy, Suzlon, Powerica Limited, KP Energy Limited, and many others.
As of April 2024, it has more than 41 major ongoing projects with a total value of approximately Rs. 119.53 Crores and As of March 31, 2024, invoices totaling more than Rs. 21.55 Crores have been booked, leaving an unexecuted or unbilled order book of Rs. 98.37 Crores.
Its revenue from operations grew by 7.72 percent from Rs. 60.7 Crores in FY22 to Rs. 65.39 Crores in FY23, accompanied by profits of Rs. 1.08 Crore to Rs. 5.18 Crores.
It has reported a return on equity(ROE) of 85.1 percent, a return on capital employed (ROCE) of 47.3 percent, and a debt-to-equity ratio of 1.21.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
