Winsol Engineers Ltd
Incorporated in 2015, Winsol Engineers Ltd is in the business of providing Wind & Solar Services, HV/EHV Operation Maintenance, Commissioning of Wind Project[1]
- Market Cap ₹ 245 Cr.
- Current Price ₹ 212
- High / Low ₹ 592 / 155
- Stock P/E 21.6
- Book Value ₹ 42.2
- Dividend Yield 0.00 %
- ROCE 36.2 %
- ROE 34.5 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 48.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Working capital days have increased from 136 days to 200 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 22 | 61 | 65 | 75 | 111 | |
| 21 | 58 | 58 | 62 | 94 | |
| Operating Profit | 2 | 2 | 8 | 13 | 17 |
| OPM % | 7% | 4% | 12% | 17% | 15% |
| 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 7 | 12 | 16 |
| Tax % | 30% | 27% | 25% | 25% | 27% |
| 0 | 1 | 5 | 9 | 11 | |
| EPS in Rs | 245.00 | 540.00 | 2,585.00 | 10.31 | 9.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| TTM: | 47% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 119% |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| Last Year: | 34% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 8 | 12 |
| Reserves | 2 | 3 | 9 | 9 | 37 |
| 8 | 9 | 12 | 9 | 16 | |
| 8 | 15 | 8 | 12 | 20 | |
| Total Liabilities | 18 | 28 | 29 | 39 | 85 |
| 3 | 3 | 2 | 2 | 2 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 15 | 25 | 26 | 37 | 82 | |
| Total Assets | 18 | 28 | 29 | 39 | 85 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -2 | -0 | -0 | 4 | -24 | |
| 1 | 0 | 0 | -1 | -2 | |
| 1 | 1 | 0 | -3 | 26 | |
| Net Cash Flow | -0 | 0 | -0 | 0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 138 | 101 | 124 | 121 | 114 |
| Inventory Days | 150 | 38 | 1 | 96 | 187 |
| Days Payable | 217 | 113 | 55 | 119 | 91 |
| Cash Conversion Cycle | 71 | 26 | 71 | 98 | 211 |
| Working Capital Days | 121 | 58 | 94 | 115 | 200 |
| ROCE % | 17% | 45% | 53% | 36% |
Documents
Announcements
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Updates
4 June 2025 - Winsol declares full utilization of IPO proceeds as per SEBI regulations, no auditor certificate needed.
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Press Release
29 May 2025 - Winsol reports FY25 revenue ₹11142L (+42.75%), PAT ₹1179L (+29.73%), launches manufacturing, strong order backlog ₹1950M.
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
29 May 2025 - WINSOL ENGINEERS LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Outcome of Board Meeting
29 May 2025 - Winsol approves FY25 audited results with Rs. 11,142L revenue, Rs. 1,179L profit; appoints new Company Secretary.
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Appointment
29 May 2025 - Winsol approves FY25 audited results with Rs.11142L revenue, Rs.1179L net profit; appoints new Company Secretary.
Business Overview:[1]
WEL is an ISO-9001-2015, ISO-14001-2015 & ISO-45001-2018 certified integrated engineering, procurement, construction, and commissioning company providing Balance of Plant (BoP) Solutions for both Wind and Solar power generation companies.