On Monday, Gensol Engineering Ltd announced winning a bid for 116 MW (150 MWp) solar projects across 27 locations in Gujarat under Paschim Gujarat Vij Co. Ltd. Expected EPC revenue is Rs 600 crore. Operational in 12 months post-LoA, the projects aim for agricultural feeder solarisation.

Gensol Engineering wins bid for 116 MW solar projects in Gujarat

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Strong financials and growth story over the years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

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Red flags

Gensol Engineering Ltd provides EPC and solar advisory services, managing turnkey projects for solar plants and leasing electric vehicles, while also setting up an EV manufacturing unit in Pune.

Gensol Engineering Ltd

Gensol Engineering Ltd

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Gensol Engineering wins bid for 116 MW solar projects in Gujarat