Green Energy stock engaged in providing integrated engineering, procurement, construction, and commissioning services for solar, wind energy, and others jumped upto 6 percent in the day’s trade upon receiving a work order worth Rs. 20.90 Crores.
Price Action
With a market capitalization of Rs. 464 Crores, the shares of Winsol Engineers Limited were trading at Rs. 402 per equity share, up 5.40 percent from its previous day’s close price of Rs. 381.40
What Happened
Winsol Engineers Limited engaged in providing integrated engineering, procurement, construction, and commissioning services, has received a new work order from Juniper Green Energy Private Limited for a consideration of Rs. 20.90 Crores.
The said work order is for the designing, engineering, manufacturing, supplying, assembling, inspection and testing, erection, installation, testing, and commissioning of complete electrical, mechanical, civil, and structural works.
Also read
It is for the 220KV Double Circuit overhead transmission line of approximately 11.5 KM on D/C Tower with AL-59 zebra conductor, as well as the 220 KV Single Circuit Hot line stringing work of approximately 10.5 KM on the existing 220 KV Double Circuit Tower line, which includes the supply of AL-59 zebra conductor, at the Wind Power project in Jam Khambaliya, Gujarat.
About the Company
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.
Financials and Ratios
Its revenue from operations grew by 14.94 percent from Rs. 65.39 Crores in FY23 to Rs. 75.16 Crores in FY24, accompanied by profits of Rs. 5.18 Crores to Rs. 8.68 Crores.
It has reported a return on equity(ROE) of 99.7 percent, a return on capital employed (ROCE) of 64.6 percent, and a debt-to-equity ratio of 0.55.
Written by: Bharath K.S
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