Synopsis:
Winsol Engineers shares surged by 5 percent on Monday, after it secured an order worth Rs 22 crore from Adani Green Energy Solutions.
The shares of this particular company, engaged in the business of providing Wind and Solar Services, surged by 5 percent on Monday post securing three individual contracts totalling Rs 22 crore approximately.
With a market capitalisation of Rs 243 crore, the shares of Winsol Engineers are currently trading at Rs 211 per share, down by 53 percent from its 52-week high of Rs 449.95 per share. Over the last six months, the stock has corrected by 21.56 percent.
On Monday, the company, through a stock exchange filing, announced that the company has secured a work order worth Rs 21.61 crore from Adani Green Energy Ltd for the supply of materials and associated services required towards the establishment of a 33KV Transmission line for the 300.5 MW Wind Power Project, Mundra. It includes three different orders and is stated as below:
The first order, worth about Rs 12.11 crore, is for supplying materials, including packing, transport, and insurance. Delivery is required by 31st December 2025. The second order, valued at around Rs 3.61 crore, includes erection, testing, commissioning, and related civil work. This work will be done in phases and must be finished within 14 weeks of the NTP, with full completion by 31st December 2025.
The third order, totaling about Rs 5.88 crore, is for arranging the Right of Way (ROW) and compensation. This work also needs to be completed by 31st December 2025.
Financial Highlights
Winsol Engineers reported a consolidated revenue of Rs 111 crores in FY25, up 42.30 percent from Rs 78 crores in FY24. However, it reported a net profit of Rs 12 crores in FY25, up by 33 percent from its FY24 net profit of Rs 9 crores.
The stock delivered an ROE and ROCE of 35.16 percent and 36.65 percent respectively, and is currently trading at a P/E of 21.45x as compared to its industry average of 24.29x.
Winsol Engineers Limited is a company that handles the full setup of wind and solar power projects. It provides Balance of Plant (BoP) solutions, which include work like laying foundations, building and wiring substations, setting up cables, and getting land access.
The company also takes care of plant operations and maintenance. It has worked on turnkey projects for big clients like Suzlon, Adani Green Energy, Powerica, and KP Energy.
Written by Satyajeet Mukherjee
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