MarketFriction

Winsol Engineers Ltd

NSE WINSOL · Civil Construction
₹106.00 -3.59%
NSE close2026-10-01
52 week range93.50 - 204.10
Market cap₹125 Cr.
P/E8.75
IPO 2024 · +41% since Price band 20% Delivery 50.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales28334242696670
Expenses26283533615557
Operating Profit367981113
OPM %10%18%16%21%12%17%19%
Other Income0000001
Interest0000113
Depreciation0000001
Profit before tax256871011
Tax %25%25%26%25%30%27%30%
Net Profit2456577
EPS in Rs865.002,000.005.565.394.446.066.38
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales22616575111136
Expenses2158586294112
Operating Profit228131724
OPM %7%3.7%12%17%15%18%
Other Income000001
Interest011114
Depreciation000001
Profit before tax117121620
Tax %30%27%25%25%27%29%
Net Profit01591114
EPS in Rs245.00540.002,585.0010.319.8312.40
Dividend Payout %0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%44%28%23%
Compounded Profit Growth%96%41%26%
Stock Price CAGR%%%-42%
Return on Equity%37%34%26%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.020.020.0281212
Reserves23993751
Borrowings891291668
Other Liabilities8158122025
Total Liabilities1828293985156
Fixed Assets3322241
CWIP0000011
Investments000000
Other Assets1525263782104
Total Assets1828293985156
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-2-0-04-245
Cash from Investing Activity100-1-2-52
Cash from Financing Activity110-32648
Net Cash Flow-00-00-00
Free Cash Flow-1-0-04-24-46
CFO/OP-127%-63%19%53%-118%42%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days138101124121114132
Inventory Days150381
Days Payable21711345
Cash Conversion Cycle712681121114132
Working Capital Days39165078160110
ROCE %17%45%53%36%25%
Sep 2024Mar 2025Sep 2025Mar 2026
Promoters72.99%73.46%73.46%73.73%
FIIs0.74%0.04%0.01%0.01%
Public26.27%26.50%26.53%26.26%
No. of Shareholders1,2021,8861,9551,808

Fundamentals

Market Cap₹ 125 Cr.
Current Price₹ 109
Stock P/E8.75
Book Value₹ 54.6
ROCE24.6 %
ROE25.7 %
Dividend Yield0.92 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)23%
Compounded Profit Growth (TTM)26%
Standalone figures.
Valuation
Market capRs 122 Cr
Enterprise valueRs 131 Cr
P/E (TTM)113.21x
Price to book35.54x
Price to sales2.01x
EV / EBITDA55.32x
EV / EBIT64.90x
EV / sales2.16x
Earnings yield0.88%
Profitability
Operating margin (excl. other income)3.74%
Operating margin (incl. other income)3.90%
EBITDA margin3.90%
Pre-tax margin2.45%
Net profit margin1.78%
ROE37.05%
ROCE17.37%
ROA4.72%
ROIC (approx.)12.03%
Tax rate26.85%
Other income / net worth2.91%
Growth
Sales growth (latest year)173.92%
Profit growth (latest year)120.41%
Per share
EPS (TTM)Rs 0.94
EPS (latest year)Rs 540.00
Book value per shareRs 2.98
Sales per shareRs 52.62
Cash flow per shareRs -0.31
Free cash flow per shareRs -39.88
Efficiency
Asset turnover2.20x
Fixed asset turnover23.71x
Inventory turnover9.88x
Inventory days37 days
Debtor days101 days
Debtors turnover3.62x
Creditor days45 days
Cash conversion cycle132 days
Working capital days110 days
Leverage
Total debtRs 9 Cr
Cash and bankRs 0 Cr
Net debtRs 9 Cr
Debt to equity2.70x
Net debt / EBITDA3.73x
Interest coverage3.81x
Owners' fund to total sources12.45%
Debt to assets33.61%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -46 Cr
FCFE (approx.: FCF + change in debt)Rs -45 Cr
Cash from ops / profit, 5 years-0.38x
Statement figures
Net sales (TTM)Rs 61 Cr
Net sales (latest year)Rs 61 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 47 Cr
Total expenditure (latest year)Rs 58 Cr
Total income (latest year)Rs 61 Cr
Share capitalRs 0 Cr
ReservesRs 3 Cr
Shareholders' fundsRs 3 Cr
Total assetsRs 28 Cr
Net blockRs 3 Cr
InvestmentsRs 0 Cr
ReceivablesRs 17 Cr
InventoryRs 5 Cr
Other liabilitiesRs 15 Cr
Shares outstanding (crore)1.15
Ownership
Promoter holding73.73%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodWINSOLNifty 50Difference
1 week-1.5%-2.8% +1.2 pts
1 month-7.9%-6.8% -1.1 pts
3 months-14.1%-7.6% -6.5 pts
6 months-3.8%+0.4% -4.2 pts
1 year-44.5%-9.9% -34.6 pts
2 years-66.7%-13.6% -53.1 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -127% of net profit over the last 2 years
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

Mar 2026
Sales ₹70 Cr +66.7% vs Mar 2024. Net profit ₹7 Cr +40.0%.
Against our estimate for Mar 2026: sales -36.6%, profit -43.7% big miss.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
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.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded

Quick answers

What is the market cap of Winsol Engineers Ltd?

Winsol Engineers Ltd (WINSOL) has a market capitalisation of Rs 125 Cr. at the 2026-10-01 close.

What is the P/E ratio of Winsol Engineers Ltd?

Winsol Engineers Ltd trades at a P/E of 8.75 on trailing twelve-month profit, at the 2026-10-01 close.

What were Winsol Engineers Ltd's latest quarterly results?

In the Mar 2026 quarter, Winsol Engineers Ltd sales was Rs 70 Cr (+66.7% vs Mar 2024) and net profit was Rs 7 Cr.

What is the 52-week high and low of Winsol Engineers Ltd?

The 52-week high is Rs 204.10 and the 52-week low is Rs 93.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03