Rs 7,000 Crore Order Book: After a 95 Per Cent Plunge from Highs, This Stock Under Rs 70 Hits Upper Circuit for 4th Straight Trading Session; Will Rally Continue?
The stock is down 95 per cent from its 52-week high of Rs 1,125.75 per share and gave multibagger returns of over 200 per cent in 5 years.
Today, shares of Gensol Engineering Ltd hit a 5 per cent upper circuit to Rs 66.29 per share from its previous closing of Rs 63.14 per share. The stock’s 52-week high is Rs 1,125.75 per share and its 52-week low is Rs 51.84 per share. After a 95 per cent plunge from highs, the stock hit the upper circuit for the 4th straight trading session.
Gensol Engineering Limited, founded in 2012, has rapidly become a prominent player in the renewable energy landscape, offering comprehensive solutions encompassing solar EPC services in India and the Middle East, advanced solar tracking through Scorpius Trackers, and a significant push into electric mobility with EV leasing and manufacturing. With a workforce exceeding 500 professionals, Gensol has executed over 770 MW of solar projects, establishing itself as a top-tier EPC provider, and is further expanding its portfolio into battery energy storage and green hydrogen, while simultaneously driving the adoption of electric vehicles through its manufacturing facility and leasing services, catering to a diverse clientele.
Results: According to Quarterly Results, the net sales increased by 30 per cent to Rs 345 crore and the net profit increased by 6 per cent to Rs 18 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 42 per cent to Rs 1,056 crore, EBITDA increased by 89 per cent to Rs 246 crore and net profit increased by 34 per cent to Rs 67 crore in 9MFY25 compared to 9MFY24. Looking at its annual results, the net sales increased by 142 per cent to Rs 963 crore and the net profit increased by 129 per cent to Rs 53.5 crore in FY24 compared to FY23.
DSIJ offers a service 'PAS' which provides stock recommendations that have the potential to generate excellent returns on your portfolio. If this interests you, download the service details pdf here
Gensol Engineering Limited received an advance service intimation on May 13, 2025, regarding a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by Indian Renewable Energy Development Agency (IREDA) for initiating a Corporate Insolvency Resolution Process. This action stems from five loan facilities availed by Gensol, with loan recall and demand notices sent on May 4, 2025, and personal guarantees invoked on May 13, 2025. The company's operations were reportedly impacted by a SEBI Interim Order dated April 15, 2025, and the reported default amount is Rs. 5,10,00,52,672/-.
The company has a market cap of over Rs 250 crore and has an order book of Rs 7,000 crore as of December 31, 2024. The stock is down 95 per cent from its 52-week high of Rs 1,125.75 per share and gave multibagger returns of over 200 per cent in 5 years. The stock has a PE of 6x whereas the industry PE is 33x with Enforcement Directorate Raipur holds a 1.37 per cent stake.
Will the rally continue in the stock? Let us know your thoughts in the comments below
Disclaimer: The article is for informational purposes only and not investment advice.