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 ₹ 313 Cr.
- Current Price ₹ 272
- High / Low ₹ 592 / 251
- Stock P/E 28.7
- Book Value ₹ 37.8
- Dividend Yield 0.00 %
- ROCE 53.1 %
- ROE 67.1 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 68.0%
Cons
- Stock is trading at 7.19 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
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 | TTM | |
|---|---|---|---|---|---|
| 22 | 61 | 65 | 75 | 84 | |
| 21 | 58 | 58 | 62 | 68 | |
| Operating Profit | 2 | 2 | 8 | 13 | 16 |
| OPM % | 7% | 4% | 12% | 17% | 19% |
| 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 7 | 12 | 15 |
| Tax % | 30% | 27% | 25% | 25% | |
| 0 | 1 | 5 | 9 | 11 | |
| EPS in Rs | 245.00 | 540.00 | 2,585.00 | 10.31 | 10.95 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 50% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 159% |
| TTM: | 90% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 68% |
| Last Year: | 67% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 8 | 12 |
| Reserves | 2 | 3 | 9 | 9 | 32 |
| 8 | 9 | 12 | 9 | 10 | |
| 8 | 15 | 8 | 12 | 12 | |
| Total Liabilities | 18 | 28 | 29 | 39 | 65 |
| 3 | 3 | 2 | 2 | 2 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 15 | 25 | 26 | 37 | 63 | |
| Total Assets | 18 | 28 | 29 | 39 | 65 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| -2 | -0 | -0 | 4 | |
| 1 | 0 | 0 | -1 | |
| 1 | 1 | 0 | -3 | |
| Net Cash Flow | -0 | 0 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 138 | 101 | 124 | 121 |
| Inventory Days | 150 | 38 | 1 | 96 |
| Days Payable | 217 | 113 | 55 | |
| Cash Conversion Cycle | 71 | 26 | 71 | 217 |
| Working Capital Days | 121 | 58 | 94 | 115 |
| ROCE % | 17% | 45% | 53% |
Documents
Announcements
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Appointment
13 November 2024 - Winsol Engineers Limited has informed regarding Appointment of M/s P. R. Nakum & Associates as Internal Auditor of the company w.e.f. April 01, 2024.
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Statement of deviation(s) or variation(s) under Reg. 32
13 November 2024 - Winsol Engineers Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
13 November 2024 - 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
13 November 2024 - Winsol Engineers Limited has informed regarding Board meeting held on November 13, 2024.
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Financial Result Updates
13 November 2024 - Winsol Engineers Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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.