Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · GENSOL ENGINEERING LTD · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
GENSOL ENGINEERING LTD
NSE: GENSOL · BSE: 542851
NSE: GENSOL · BSE: 542851
Industrials › Capital Goods › Electrical Equipment › Other Electrical Equipment
GENSOL ENGINEERING LTD
StateQ3 FY25 filed
Last close · 28 Oct 2026₹10.51
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA0.4 · 0.07 · 3.4
GENSOL ENGINEERING LTD is a Electrical Equipment company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY20–FY24 (all audited; no estimate years)
| ₹ crore · consolidated | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 82 | 64 | 160 | 393 | 963 |
| EBITDA (ex other income) | — | — | — | — | 228 |
| margin % | — | — | — | — | 23.6 |
| Owners' profit | — | — | — | — | 60 |
| EPS, as reported (₹) | 0.00 | 3.88 | 10.24 | 21.50 | 15.80 |
| ROE % · ROCE % | — · 12.5 | — · 13.2 | — · 14.7 | — · 6.1 | 17.1 · 12.4 |
| Debt / equity (x) | — | — | — | — | 4.46 |
| Cash from operations | — | 6 | (15) | 59 | (98) |
| Capex | — | — | — | — | (478) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · GENSOL ENGINEERING LTD · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 211 | 145 | 199 | 220 | 399 | 295 | 346 | 345 |
| Profit before tax | 21 | 14 | 17 | 17 | 29 | 27 | 25 | 16 |
| Net profit | — | 10 | 11 | 12 | 20 | 15 | 23 | 18 |
| EPS (₹) | 10.77 | 8.21 | 9.72 | 3.49 | 6.44 | 5.41 | 7.75 | 4.46 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY24
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| LEASE | 102 | 10.6 |
| SOLAR EPC | 354 | 36.6 |
| EPC | 453 | 46.8 |
| OTHER | 1 | 0.1 |
| SOLAR TRACKER | 19 | 2.0 |
| Lease | 31 | 3.2 |
| other | 7 | 0.8 |
| Total, before eliminations | 970 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WAAREE ENERGIES LIMITED | 64,618 | 16.9 | 4.30 | 10.5 | 25.9 | 29.0 | — | 20.3 |
| APAR INDUSTRIES LTD. | 61,818 | 52.3 | 11.46 | 32.5 | 18.1 | 21.9 | 29.1 | 12.0 |
| PREMIER ENERGIES LIMITED | 38,368 | 22.7 | 8.90 | 15.7 | 35.0 | 25.7 | — | 30.8 |
| MTAR TECHNOLOGIES LIMITED | 21,476 | 160.9 | 26.11 | 114.7 | 11.4 | 12.4 | 28.9 | 25.8 |
| DIAMOND POWER INFRA LTD | 17,071 | 86.8 | — | 84.5 | (26.2) | 8.6 | — | 12.3 |
| EMMVEE PHOTOVOLTAIC PWR L | 16,879 | 12.7 | 4.57 | 9.4 | 29.3 | 31.2 | — | 36.3 |
| AVALON TECHNOLOGIES LTD | 13,663 | 102.2 | 18.93 | 68.1 | 15.6 | 20.0 | — | 12.5 |
| GENUS POWER INFRASTRU LTD | 8,270 | 11.5 | 3.73 | 10.5 | 26.7 | 22.7 | 50.8 | 22.1 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.4 | 22.4 | 1 of 52 | 100% |
| P/B | 0.1 | 3.3 | 1 of 49 | 100% |
| ROCE | 3.7 | 12.4 | 44 of 55 | 20% |
| ROE | 8.3 | 12.4 | 35 of 50 | 31% |
| Debt / Equity | 2.0 | 0.3 | 49 of 50 | 2% |
| EBITDA margin | 18.3 | 12.6 | 20 of 51 | 62% |
| Revenue growth | 56.4 | 20.7 | 11 of 46 | 78% |
| Profit growth | 45.1 | 37.7 | 20 of 45 | 57% |
| Market cap | 40 | 591 | 45 of 56 | 20% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · GENSOL ENGINEERING LTD · 29 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Pledged Gensol Engineering shares invoked and sold by lender | ownership changes | critical | — | — |
| 12 Oct 2026 · PFC invokes pledge, sells 8.24 lakh Gensol Engineering shares (2.14%) | ownership changes | critical | — | — |
| 9 Oct 2026 · Pledged Gensol shares sold by lender Power Finance Corporation | ownership changes | critical | — | — |
| 20 Aug 2026 · Gensol Monitoring Agency report qualified as non-cooperative for Q1 FY27 | fund raising | medium | — | — |
| 13 Jul 2026 · Exchange seeks clarification on IREDA declaring Rs 673 crore loans as fraud | regulatory legal | critical | — | — |
| 15 May 2026 · Monitoring Agency Report | compliance | minimal | — | — |
| 15 May 2026 · Monitoring Agency Report | compliance | minimal | — | — |
| 13 May 2026 · Gensol Engineering Limited has informed the Exchange regarding Change in Auditors of the company. | management changes | medium | — | — |
| 13 May 2026 · Appointment of Secretarial Auditors | general | low | — | — |
| 23 Jul 2025 · Public announcement has been made by IRP in form A on 16 | regulatory legal | critical | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in