Winsol Engineers Limited

Winsol Engineers Limited

NNSE:WINSOL
105.00
INR
+2.85
(+2.79%)
1.11BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
19.21
52.62
56.68
67.66
96.59
118.39
- -
Basic EPS, GAAP
0.43
0.94
4.49
7.88
10.22
12.48
- -
Free Cash Flow per Basic Share
-1.42
-0.31
-0.81
2.6
-21.31
-39.7
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
2.07
2.98
7.58
15.25
42.9
55.37
55.37
Tangible Book Value per Share
2.07
2.98
7.58
15.25
42.9
55.37
55.37
Basic Weighted Avg Shares
12
12
12
12
12
12
12
Sales/Revenue/Turnover
222
607
654
780
1,114
1,366
- -
Operating Margin (%)
5.07
3.17
11.5
16.62
15.36
17.29
- -
Depreciation Expense
4
3
3
4
4
10
- -
Net Income, GAAP
5
11
52
91
118
144
- -
Effective Tax Rate (%)
29.65
26.99
25.05
25.53
27.17
28.64
- -
Profit Margin (%)
2.23
1.79
7.92
11.64
10.58
10.54
- -
Working Capital
25
31
94
171
498
426
426
LT Debt
32
23
28
17
41
325
325
Total Equity
24
34
87
176
495
639
639
Return on Invested Capital (%)
- -
11.7
32.6
36.7
23.92
15.76
- -
Return on Capital (%)
- -
12.34
35.12
41.34
26.69
17.41
- -
Return on Common Equity (%)
- -
37.24
85.08
69.02
35.15
25.4
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
127
260
358
LT Borrowings
41
49
325
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
1,971
2,158
1,106

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
823
948
1,022
Cash, Cash Equivalents & STI
5
4
6
Accounts Receivable, Net
356
413
502
Inventories
257
362
377
Total Current Liabilities
325
534
596
Payables & Accruals
- -
- -
- -
ST Debt
127
260
358
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
101.99%
29.08%
Free Cash Flow
- -
-235.17%
86.34%
Net Income, GAAP
- -
124.85%
22.12%
Sales/Revenue/Turnover
- -
53.26%
22.57%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
780
2025
- -
- -
1,114
2026
- -
- -
1,366

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
7.88
2025
- -
- -
10.22
2026
- -
- -
12.48

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Ramesh Jivabhai Pindariya
Full Time Employees
323
Sector
Industrial services
Industry
Engineering & construction
Address
Shop No. 301, Madhav Commercial Complex Jamnagar India 361006
IPO Date
May 14, 2024
Business
Winsol Engineers Limited (WINSOL.NS) operates as an ISO-9001-2015, ISO-14001-2015 and ISO-45001-2018 certified integrated engineering, procurement, construction and commissioning company, providing comprehensive balance of plant (BoP) solutions for wind and solar power generation projects in India. The company offers foundation works, substation civil and electrical works, right-of-way services, substation and grid cabling, miscellaneous civil and electrical infrastructure, operation and maintenance services for plant handling and monitoring, as well as design, engineering, project management and performance optimization for renewable energy installations; it also provides engineering, procurement, construction and commissioning services for wind projects including site evaluation, resource assessment and wind micro-siting, and for solar projects encompassing grid-connected and off-grid power plants. Winsol Engineers targets renewable power generators, with primary operations in Gujarat and across India, leveraging its expertise in electrical infrastructure such as substations, transformers and transmission lines, alongside civil and mechanical works including access roads, foundations, cooling systems and pumps. Incorporated on December 30, 2015, the company is headquartered at Shop No. 301, Madhav Commercial Complex, Jamnagar, Gujarat 361006, India. In recent developments, Winsol Engineers secured a significant contract in June 2025 from Juniper Green Energy Ltd for a 300 MW wind power project in Jam Khambaliya, Gujarat, valued at approximately INR 5.56 crore, encompassing design, procurement, engineering, supply, installation and commissioning of 33 kV overhead transmission lines, with completion targeted within six months. The company reported robust financial growth for fiscal year 2025, with total income rising 47% to INR 110.64 crore from INR 75.24 crore in fiscal 2024, net profit after tax increasing 31% to INR 11.34 crore, and H1 FY2025-26 revenue surging 58% to INR 66.10 crore alongside an order book exceeding INR 240 crore; additionally, its factory became operational in FY2025-26, and the 10th AGM in September 2025 approved authorized capital increases and other strategic resolutions. These expansions underscore Winsol's strengthening position in India's renewable energy infrastructure sector amid national targets for 500 GW non-fossil capacity by 2030.