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As of 6 Nov 2026, Gensol Engineering trades at 0.8× trailing earnings, below the industry P/E of 15.5×, and the shares are 71% below their 52-week high. Its ROCE of 12% is the second-lowest among the 7 largest Solar peers. Debt is 2.28× equity. It is a small-cap company with a market cap of ₹37 Cr, ranked 26th of 27 Solar companies by market cap; the shares fell 69% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes.How we calculate this

past year
Open
₹9.74
Day high
₹9.95
Day low
₹9.36
Prev. close
₹9.71
Volume
43.2K

Health check

1 good · 4 to check
  • ReturnsBehind

    −69.0% over a year, better than 0 of 7 peers.

  • Price tagCheaper

    P/E 0.8 vs industry 15.5.

  • Growthn/a

    Not enough yearly results to measure.

  • ProfitabilityWeak

    ROCE 12.2% vs peer median 27.4%.

  • Balance sheetStretched

    Debt 2.28× equity, interest covered 1.7×, Piotroski 5 of 9.

  • Red flags4 to check

    Debt is 2.28× equity.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Solar

26 listed peers. Screen the industry

Small cap

₹37 Cr, #26 of 27 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months: sales ₹1,275 Cr · profit ₹86 Cr
Market cap
₹37 Cr
Small cap
P/E
0.8
Industry 15.5
Price to book
0.06
Peers 4.38
Dividend yield
0.00%
ROE
22.4%
Peers 29.9%
ROCE
12.2%
Peers 27.4%
Debt to equity
2.28
Debt ₹1,372 Cr
EPS (TTM)
₹12.21
Face value ₹10
OPM (TTM)
16.0%
Net margin 6.8%
Sales growth
+56.4%
Latest quarter vs a year ago
Profit growth
+27.8%
Latest quarter vs a year ago
Price to sales
0.03
EV/EBITDA 3.6

Strengths and risks

Strengths

  • Return on equity of 22.4%.
  • Quarterly profit up 27.8% on a year ago.
  • Quarterly sales up 56.4% on a year ago.
  • P/E of 0.8 against an industry P/E of 15.5.

Risks to check

  • Debt is 2.28× equity.
  • 71% below its 52-week high.
  • Interest coverage of only 1.0×.
  • Promoter stake down from 62.6% to 35.9%.

Derived automatically from reported figures. Not a recommendation.

About Gensol Engineering

Gensol Engineering Limited engages in the provision of renewable energy solutions in India, the Middle East, and internationally. It operates through EPC, Lease, EV Manufacturing, and Others segments. The company offers architecture, engineering, and technical testing and consultancy activities. The company also provides solar EPC services, such as floating solar, rooftop solar, and ground mounted; engineering advisory services; solar operation and…

Headquarters
Ahmedabad
Employees
500
Sector
Technology
ISIN
INE06H201014
Website
gensol.in

Price range

52 weeks

₹9.20₹33.40

Today

₹9.36₹9.95
Avg volume (3M)
1.3 L
1-year return
minus 69.0%
From 52-week high
minus 71.1%

Peers · Solar

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
WAAREEENERWaaree Energies2,438.00minus 0.46%70,12919.012.030.1%19.9%0.3157.8%minus 27.3%
PREMIERENEPremier Energies890.00plus 0.85%40,31622.517.427.4%29.9%0.8676.2%minus 15.3%
EMMVEEEmmvee Photovoltaic Power251.31minus 0.28%17,39912.19.734.5%34.7%0.25102.7%plus 14.5%
KARAMTARAKaramtara Engineering375.70minus 0.96%12,09152.827.718.1%9.0%0.9140.4%plus 6.7%
UTLSOLARFujiyama Power Systems351.80minus 9.21%10,81135.722.528.9%18.8%0.4158.7%plus 68.8%
BORORENEWBOROSIL RENEWABLES403.20minus 2.55%5,93413.412.19.5%30.1%0.0720.2%minus 37.6%
VIKRAMSOLRVikram Solar142.39plus 1.95%5,16014.16.020.5%15.4%0.2032.3%minus 56.6%
GENSOLGensol Engineering9.65minus 0.62%370.811.012.2%16.0%2.28–minus 69.0%
Median of 7 peers–−0.46%12,09119.012.127.4%19.9%0.3157.8%−15.3%

Quarterly results

This company doesn’t report these figures in a format we can read yet.

Profit & loss

Yearly, ₹ crore · latest reported Mar 2024
ROE
22.4%
Net profitSelect a row below to chart it
₹ CrMar 2022Mar 2023Mar 2024
156357834
–+129.3%+133.7%
141314729
14.742.8105
9.4%12.0%12.6%
2.939.3156
1.822.3105
1.325.474.3
−0.1−1.3−4.1
14.433.277.9
22.6%29.7%31.4%
11.123.459.6
–+110.6%+154.9%
3.386.4915.80

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore · latest reported Mar 2024
Total assetsSelect a row below to chart it
₹ CrMar 2022Mar 2023Mar 2024
10.912.237.9
34.8195288
1015981,510
79.4261492
2261,0662,328
75464915
0.8174269
8.1116209
11286386
13125.9548
2261,0662,328

Cash flow

Yearly, ₹ crore · latest reported Mar 2024
Cash from operationsSelect a row below to chart it
₹ CrMar 2022Mar 2023Mar 2024
−49.6115−98.1
−60−706−667
109709859
−0.611894
−50.9−282−478
−101−167−577

Shareholding pattern

Source: NSE filings
35.9%
promoters
  • Promoters35.87%
  • Public64.13%
  • As of 31 Mar 2025
QuarterSplitPromotersPublicPromoter change
31 Mar 202535.87%64.13%minus 26.78
31 Dec 202462.65%37.35%plus 0.07
30 Sep 202462.58%37.42%minus 0.19
30 Jun 202462.77%37.23%plus 0.15
31 Mar 202462.62%37.38%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you