Price
Financials
Consolidated, Rs crore| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 127 | 102 | 81 | 51 | 164 | 145 | 305 | 220 | 399 | 362 | 346 | 345 |
| Expenses | 111 | 87 | 64 | 35 | 135 | 108 | 258 | 157 | 320 | 287 | 240 | 275 |
| Operating Profit | 15 | 15 | 17 | 15 | 29 | 37 | 47 | 63 | 79 | 75 | 107 | 69 |
| OPM % | 12% | 15% | 21% | 30% | 18% | 25% | 15% | 29% | 20% | 21% | 31% | 20% |
| Other Income | 1 | 1 | 0 | 1 | 3 | 0 | 0 | 7 | 1 | 1 | 0 | 1 |
| Interest | 5 | 2 | 4 | 6 | 12 | 10 | 15 | 32 | 27 | 36 | 76 | 47 |
| Depreciation | 1 | 4 | 5 | 7 | 10 | 13 | 0 | 20 | 24 | 2 | 6 | 7 |
| Profit before tax | 11 | 10 | 9 | 4 | 11 | 14 | 32 | 17 | 29 | 38 | 25 | 16 |
| Tax % | 22% | 0% | 10% | 151% | 30% | 31% | 44% | 31% | 31% | 31% | 8% | -12% |
| Net Profit | 9 | 10 | 8 | -2 | 7 | 10 | 18 | 12 | 20 | 27 | 23 | 18 |
| EPS in Rs | 2.68 | 3.04 | 2.15 | -0.52 | 1.99 | 2.79 | 4.83 | 3.37 | 6.41 | 8.45 | 7.73 | 4.45 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 62 | 69 | 83 | 82 | 64 | 160 | 398 | 963 | 1,452 |
| Expenses | 60 | 62 | 74 | 78 | 58 | 141 | 320 | 733 | 1,122 |
| Operating Profit | 2 | 7 | 9 | 4 | 6 | 19 | 78 | 230 | 330 |
| OPM % | 2.7% | 10% | 11% | 5.0% | 10% | 12% | 20% | 24% | 23% |
| Other Income | 0 | 1 | 1 | 3 | 1 | 2 | 5 | 33 | 4 |
| Interest | 0 | 0 | 1 | 2 | 2 | 6 | 24 | 110 | 186 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 25 | 74 | 39 |
| Profit before tax | 2 | 7 | 9 | 3 | 4 | 14 | 33 | 78 | 108 |
| Tax % | 28% | 28% | 28% | 35% | 15% | 23% | 30% | 31% | |
| Net Profit | 1 | 5 | 7 | 2 | 3 | 11 | 23 | 53 | 87 |
| EPS in Rs | 2.73 | 0.67 | 0.97 | 3.38 | 6.37 | 15.72 | 27.04 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 63% | 147% | 74% | ||
| Compounded Profit Growth | % | 55% | 165% | 111% | ||
| Stock Price CAGR | % | -6% | -71% | -62% | ||
| Return on Equity | % | 20% | 22% | 22% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 6 | 8 | 8 | 11 | 12 | 38 | 38 |
| Reserves | 1 | 7 | 7 | 25 | 28 | 36 | 195 | 288 | 551 |
| Borrowings | 0 | 1 | 9 | 11 | 11 | 82 | 598 | 1,510 | 1,372 |
| Other Liabilities | 8 | 19 | 22 | 30 | 23 | 79 | 261 | 489 | 591 |
| Total Liabilities | 10 | 26 | 43 | 74 | 70 | 208 | 1,066 | 2,324 | 2,552 |
| Fixed Assets | 0 | 1 | 8 | 8 | 7 | 55 | 293 | 723 | 257 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 41 | 88 | 171 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 7 | 7 |
| Other Assets | 10 | 26 | 35 | 66 | 63 | 152 | 725 | 1,506 | 2,117 |
| Total Assets | 10 | 26 | 43 | 74 | 70 | 208 | 1,066 | 2,324 | 2,552 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | 2 | 3 | -18 | 6 | -50 | 115 | -98 |
| Cash from Investing Activity | -1 | -1 | -8 | -0 | -1 | -60 | -706 | -668 |
| Cash from Financing Activity | 0 | 0 | 6 | 20 | -4 | 109 | 709 | 859 |
| Net Cash Flow | -0 | 1 | 1 | 2 | 1 | -1 | 118 | 93 |
| Free Cash Flow | -0 | 1 | -5 | -18 | 6 | -101 | -324 | -577 |
| CFO/OP | 35% | 42% | 44% | -416% | 100% | -252% | 151% | -41% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 38 | 87 | 97 | 117 | 102 | 80 | 67 | 86 |
| Inventory Days | 0 | 0 | 0 | 0 | 130 | 221 | 15 | 9 |
| Days Payable | 79 | 46 | 47 | 64 | ||||
| Cash Conversion Cycle | 38 | 87 | 97 | 117 | 152 | 255 | 34 | 32 |
| Working Capital Days | 3 | 18 | 36 | 124 | 146 | 132 | -9 | -32 |
| ROCE % | 165% | 68% | 16% | 12% | 23% | 12% | 14% |
| Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 71.34% | 71.36% | 64.67% | 64.67% | 64.67% | 64.67% | 62.60% | 62.63% | 62.77% | 62.59% | 62.66% | 35.88% |
| FIIs | 0.00% | 0.84% | 1.84% | 1.83% | 1.94% | 2.57% | 2.94% | 2.39% | 1.98% | 2.30% | 0.63% | 4.88% |
| DIIs | 0.00% | 0.47% | 0.42% | 0.66% | 0.66% | 0.75% | 0.84% | 0.09% | 0.00% | 0.00% | 0.00% | 0.14% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.37% | 1.35% |
| Public | 28.66% | 27.32% | 33.07% | 32.85% | 32.72% | 32.01% | 33.62% | 34.88% | 35.25% | 35.13% | 35.34% | 57.75% |
| No. of Shareholders | 605 | 897 | 1,735 | 2,299 | 2,996 | 10,675 | 20,389 | 60,735 | 69,500 | 85,320 | 94,031 | 1,07,447 |
Fundamentals
Market Cap₹ 58.6 Cr.
Current Price₹ 15.2
Stock P/E0.56
Book Value₹ 155
ROCE14.3 %
ROE22.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)74%
Compounded Profit Growth (TTM)111%
Consolidated figures.
Valuation
Market capRs 53 Cr
Enterprise valueRs 124 Cr
P/E (TTM)0.51x
Price to book1.13x
Price to sales0.04x
EV / EBITDA0.37x
EV / EBIT0.42x
EV / sales0.09x
Earnings yield195.07%
P/E, 3-year average7.46x
P/B, 3-year average1.09x
P/E, 5-year average7.46x
P/B, 5-year average1.09x
Profitability
Operating margin (excl. other income)11.97%
Operating margin (incl. other income)13.21%
EBITDA margin22.97%
Pre-tax margin7.45%
Net profit margin7.07%
Net margin, latest quarter4.91%
ROE26.78%
ROCE22.63%
ROA8.00%
ROE, 3-year average15.18%
ROCE, 3-year average17.19%
ROA, 3-year average5.40%
ROE, 5-year average50.14%
ROCE, 5-year average56.81%
ROA, 5-year average12.88%
ROIC (approx.)193.17%
Tax rate22.62%
Other income / net worth4.28%
Growth
Sales growth (latest year)150.76%
Profit growth (latest year)247.65%
Sales CAGR, 3 years24.58%
Sales CAGR, 5 years20.87%
Profit CAGR, 3 years18.95%
Profit CAGR, 5 years56.27%
Sales growth QoQ-0.57%
Profit growth QoQ-42.44%
Sales growth YoY (latest quarter)56.42%
Profit growth YoY (latest quarter)32.52%
Per share
EPS (TTM)Rs 26.69
EPS (latest year)Rs 10.14
EPS (latest quarter)Rs 4.40
EPS, 3-year averageRs 5.57
EPS, 5-year averageRs 873.32
Book value per shareRs 12.08
Sales per shareRs 377.70
Cash flow per shareRs -12.91
Free cash flow per shareRs -150.11
Efficiency
Asset turnover0.77x
Fixed asset turnover2.90x
Inventory turnover2.02x
Inventory days180 days
Debtor days80 days
Debtors turnover4.55x
Creditor days64 days
Cash conversion cycle32 days
Working capital days-32 days
Leverage
Total debtRs 82 Cr
Cash and bankRs 11 Cr
Net debtRs 71 Cr
Debt to equity1.77x
Net debt / EBITDA0.21x
Interest coverage1.58x
Owners' fund to total sources22.37%
Debt to assets39.68%
Cash flow
Cash from Operating Activity (latest year)Rs -50 Cr
Cash from Investing Activity (latest year)Rs -60 Cr
Cash from Financing Activity (latest year)Rs 109 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -577 Cr
FCFE (approx.: FCF + change in debt)Rs -505 Cr
Cash from ops / profit, 5 years-0.49x
Statement figures
Net sales (TTM)Rs 1,452 Cr
Net sales (latest year)Rs 160 Cr
Sales (latest quarter)Rs 345 Cr
Operating profit excl. other income (latest year)Rs 19 Cr
Operating profit (latest quarter)Rs 69 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 333 Cr
PBDT (TTM)Rs 147 Cr
Profit before tax (TTM)Rs 108 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 103 Cr
Net profit (latest year)Rs 11 Cr
Net profit (latest quarter)Rs 17 Cr
Depreciation (TTM)Rs 39 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 186 Cr
Cost of goods sold (latest year)Rs 122 Cr
Total expenditure (latest year)Rs 141 Cr
Total income (latest year)Rs 162 Cr
Share capitalRs 11 Cr
ReservesRs 36 Cr
Shareholders' fundsRs 46 Cr
Total assetsRs 208 Cr
Net blockRs 55 Cr
ReceivablesRs 35 Cr
InventoryRs 60 Cr
Other liabilitiesRs 79 Cr
Shares outstanding (crore)3.84
Ownership
Promoter holding35.88% (-26.75 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 0.5 is the lowest in its own 6.0-year history
(median 15.8, low 0.5, high 305.6).
P/B 1.13 is the lowest in 7.1 years (median 30.68).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | GENSOL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -19.7% | -2.8% | -16.9 pts |
| 1 month | -20.6% | -6.8% | -13.8 pts |
| 3 months | -44.0% | -7.6% | -36.4 pts |
| 6 months | -50.8% | +0.4% | -51.2 pts |
| 1 year | -97.4% | -9.9% | -87.5 pts |
| 2 years | -98.9% | -13.6% | -85.3 pts |
| 3 years | -98.0% | +14.2% | -112.1 pts |
| 5 years | -38.5% | +27.9% | -66.4 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -373% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 29% of total assets in 2024 |
| explain | Share dilution Share count up 0% in a year, 36% in three |
| look | Inventory outrunning sales Inventory grew 457% vs sales +151% in 2024 |
| look | Auditor change Auditor change 2026-05-13: Gensol Engineering Limited has informed the Exchange regarding Change in Auditors of the company. |
| look | On NSE surveillance On NSE surveillance: GSM, Insolvency |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Dec 2024Sales ₹345 Cr +56.8% vs Dec 2023.
Net profit ₹18 Cr +50.0%.
Activity
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| Ram Ratna Wires Ltd | 5,450 | 42.1 | 23.6 % |
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| Yash Highvoltage Ltd | 3,293 | 84.6 | 28.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2023-10-17 | Bonus 2:1 | 0.3333 |
| Date | Type | What it says |
|---|---|---|
| 2026-08-20 | Monitoring Agency Report | Monitoring Agency Report for the quarter ended June 30, 2026 |
| 2026-07-14 | News clarification | The Exchange has sought clarification from Gensol Engineering Limited with respect to recent news item captioned IREDA declares Rs 673 crore Gensol lo... |
| 2026-07-13 | News clarification | The Exchange has sought clarification from Gensol Engineering Limited with respect to recent news item captioned IREDA declares Rs 673 crore Gensol lo... |
| 2026-05-15 | Monitoring Agency Report | Monitoring Agency Report |
| 2026-05-13 | Change in Auditors | Change in Auditors of the company. |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
GSMInsolvency Resolution Process(IRP)Under BZ/SZ Series