Small-cap marvel: Multibagger stock shines with spectacular results!

In the last year, the stock has witnessed heavy buying, as it has delivered multibagger returns of more than 230 per cent

On Tuesday, the shares of Gensol Engineering surged by 2.18 per cent, reaching an intraday high of Rs 1190 per share on the BSE.

In FY23, the company's total revenue zoomed by 145 per cent from FY22 to Rs 397.4 crore. The EBITDA level of the company stood at Rs 61.8 crore, witnessing a growth of 196 per cent on a year-on-year basis. The net profit of the company surged by 125 per cent from FY22 to Rs 24.9 crore.

In recent news, the company has achieved significant milestones in the renewable energy sector. They successfully won a bid for the development of 30 MWac floating solar projects valued at Rs. 232.49 crore. Additionally, they received purchase orders for solar power projects with a total capacity of over 247 MWp.

Notably, a large Independent Power Producer (IPP) awarded them a contract to develop 180 MWp ground-mount projects in Gujarat. Gensol Engineering also made an acquisition, adding Scorpius Trackers Pvt Ltd, a reputable solar trackers specialist in India, to their portfolio. These accomplishments showcase the company's expertise and commitment to renewable energy expansion.

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Gensol Engineering Ltd is engaged in the business of solar consulting and EPC. The company's services include solar advisory, solar EPC, solar O&M, along with solar monitoring and analysis. It also provides dedicated consultancy services for extra-high voltage (EHV) transmission lines.

In the last year, the stock has witnessed heavy buying, as it has delivered multibagger returns of more than 230 per cent. Keep an eye on this trending multibagger stock in the upcoming trading sessions.