Synopsis:
Winsol Engineers Limited, a Renewable Energy Stock, secures a ₹39.25 crore order for the NTPC REL transmission project at Bhuj, Gujarat; completion is expected by March 2026.
This micro-cap renewable energy stock, engaged in providing integrated engineering, procurement, construction, and commissioning services as well as operation and maintenance for Balance of Plant (BoP) solutions in wind and solar power projects, jumped 4 percent after securing an order worth Rs. 39 crore for transmission line works in Gujarat.
With a market capitalization of Rs. 240.74 crores, the share of Winsol Engineers Limited has reached an intraday high of Rs. 208.70 per equity share, rising nearly 3.78 percent from its previous day’s close price of Rs. 201.10. Since then, the stock has retreated and is currently trading at Rs. 208 per equity share.
Winsol Engineers Limited has received a Letter of Intent (LOI) for transmission line works under the NTPC REL: 300 MW Project at Bhuj, Gujarat. The LOI includes two work orders totaling approximately Rs. 39.25 crore, which includes Rs. 35.40 crore for single stringing in double circuit towers and Rs. 3.85 crore for single stringing in multi-circuit towers.
The project is to be completed by March 2026 and is expected to contribute significantly to the company’s order book and revenue. This development reinforces Winsol’s growing presence in the power infrastructure sector.
Winsol Engineers Limited was incorporated in 2015 and is an integrated engineering company based in Jamnagar, Gujarat, specializing in providing Balance of Plant (BoP) solutions and services for wind and solar power generation projects.
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The company focuses on turnkey engineering, procurement, and construction solutions, along with operation and maintenance services for wind and solar projects. This covers foundation work, civil and electrical works for substations, cabling to substations and grids, and other miscellaneous plant needs.
As of 2025, Winsol Engineers has completed over 55 major projects (worth more than Rs. 170 crore since 2018), with 41 ongoing projects as of March 2024, valued at nearly Rs. 120 crore. The company has an employee count of over 200 engineers and technicians.
Coming into financial highlights, Winsol Engineers Limited’s revenue has increased from Rs. 42 crore in H2 FY24 to Rs. 69 crore in H2 FY25, which has grown by 64.29 percent. The net profit remained the same at Rs. 5 crore from H2 FY24 to H2 FY25. Winsol Engineers Limited’s revenue and net profit have grown at a CAGR of 22.09 percent and 122.4 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 36.2 percent and 34.5 percent, respectively. Winsol Engineers Limited has an earnings per share (EPS) of Rs. 9.83, and its debt-to-equity ratio is 0.33x.
Written By – Nikhil Naik
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