
About Gensol solar
Gensol solar is a publicly listed company based in Ahmedabad (India) founded in 2007. Solar EPC, consultancy, and allied services are provided. The company has 219 employees. Gensol solar has completed 1 acquisition, including Scorpius Trackers. Its Indian entity Gensol Engineering Limited reported revenue of βΉ996 Cr. Gensol solar offers products and services including Turnkey EPC, Solar Trackers, EV Manufacturing, and EV Leasing. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Similar companies include Fourth Partner Energy, Rays Power Infra and Amplus Solar; 3 of its 3 listed similar companies have raised funding.
Company details
Gensol Solar was established in 2007 in Ahmedabad, India, within the renewable energy sector. Consultancy and execution services for MW-scale solar projects, including grid-connected rooftops and off-grid systems, are offered. Carbon trading and renewable energy certification are managed as additional operations. Advisory support has been extended to over 450 projects across India, encompassing more than 400MW of installed capacity.
- Headquarters Ahmedabad, India
- Employees 219
- Stage Public
- SectorsEnergy & Utilities
- Emailβ’β’β’β’β’β’β’β’
- Website gensolsolar.com
- Social LinkedIn
- Legal Name Gensol Engineering Limited
- Market Cap₹38.22 Cr
GENSOL · NSE
- Share Price₹9.96
+0.20% today
- Revenue₹963 Cr
FY 2023-24 · +142.0% YoY
- EBITDA₹230 Cr
Margin 23.9%
- Net Profit₹59.61 Cr
FY 2023-24 · +152.7% YoY
- P/E (TTM)0.4x
P/B 0.1x
- ROE20.1%
ROCE 12.6%
- Debt / Equity3.96
Interest cover 71.0x
- Employee Count219
- Investments & Acquisitions
Associated legal entities of Gensol solar
Gensol solar is associated with 2 registered companies on The Company Check; the primary company is Gensol Engineering Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gensol Engineering Limited Listed CIN L74210GJ2012PLC129176 | Under Cirp | 25 Sep 2012 | Ahmedabad, Gujarat | ₹996 Cr | 229 | 4 | View details |
| Gensol Ventures Private Limited CIN U74999GJ2017PTC096539 | Active | 28 Mar 2017 | Ahmedabad, Gujarat | ₹3.9 Cr | 3 | View details |
Products & Services of Gensol solar
Gensol solar offers a comprehensive portfolio of products and services, including Turnkey EPC, Solar Trackers, EV Manufacturing, and EV Leasing.
End-to-end services for solar power project development and execution.
Devices that optimize solar panel efficiency through tracking systems.
Production of electric vehicles for sustainable transportation needs.
Fleet leasing solutions for electric vehicles to support green mobility.
Board of directors of Gensol Engineering Limited (Gensol solar)
Gensol Engineering Limited is the primary company behind Gensol solar. The boards of the 2 registered companies of Gensol solar currently have 5 directors; the longest-serving is Puneet Singh Jaggi, appointed in 2012. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Puneet Singh Jaggi DIN 02479868 | Whole-time director | 25 Sep 2012 | 14 yrs 1 mo | Gensol Engineering Limited, Gensol Ventures Private Limited |
| Anmol Singh Jaggi DIN 01293305 | Managing Director | 04 Jan 2019 | 7 yrs 10 mo | Gensol Engineering Limited, Gensol Ventures Private Limited |
| Vibhuti Patel DIN 10214165 | Director | 11 Jul 2023 | 3 yrs 3 mo | Gensol Engineering Limited |
| Akash Grover DIN 08190957 | Additional Director | 04 Dec 2023 | 2 yrs 11 mo | Gensol Ventures Private Limited |
| Ali Imran Naqvi DIN 07088892 | Director | 10 Jun 2024 | 2 yrs 4 mo | Gensol Engineering Limited |
IPO & Listings of Gensol solar
Gensol solar is a publicly listed company on the NSE with ticker symbol GENSOL in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date18 Oct 2019
- Listed onBSE: 542851
- Listed entityGensol Engineering Limited
- Exchange sectorIndustrial services
- ISININE06H201014
- Share price₹10.16 (+4.96% on the day) · 2026-10-14
- Market capitalisation₹37.0 Cr
- Volume (last session)563,382
Financials of Gensol solar
Exchange-reported figures of Gensol Engineering Limited, the listed company behind Gensol solar (NSE: GENSOL).
Financial Highlights
FY 2023-24 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 963 | 398 | 160 | 63.97 | 82.12 | 82.97 | 69.02 |
| Revenue growth | +142.0% | +148.1% | +150.8% | -22.1% | -1.0% | +20.2% | - |
| EBITDA | 230 | 77.84 | 19.20 | 6.36 | 4.07 | 9.18 | 7.23 |
| EBITDA margin | +23.9% | +19.6% | +12.0% | +9.9% | +5.0% | +11.1% | +10.5% |
| Profit before tax | 77.90 | 33.15 | 14.37 | 3.75 | 3.43 | 9.17 | 7.45 |
| Net profit | 59.61 | 23.59 | 11.09 | 3.19 | 2.21 | 6.61 | 5.33 |
| Net profit margin | +6.2% | +5.9% | +6.9% | +5.0% | +2.7% | +8.0% | +7.7% |
| EPS (βΉ) | 15.72 | 19.12 | 10.14 | 3.89 | 2.69 | 10.91 | 4,338.70 |
| Balance sheet | |||||||
| Total assets | 2,033 | 951 | 174 | 49.84 | 49.12 | 22.14 | 8.07 |
| Net worth | 326 | 207 | 46.45 | 36.36 | 33.17 | 13.03 | 6.54 |
| Total debt | 1,510 | 598 | 82.39 | 10.52 | 11.00 | 8.61 | 1.24 |
| Cash & bank | 379 | 286 | 11.03 | 8.83 | 4.59 | 2.32 | 1.92 |
| Net working capital | 867 | 375 | 112 | 41.53 | 37.92 | 12.24 | 6.24 |
| Cash flow | |||||||
| Cash from operations | (98.10) | 115 | (49.63) | 5.85 | (17.75) | 3.23 | 1.65 |
| Cash from investing | (668) | (706) | (60.00) | (0.72) | (0.42) | (7.92) | (0.87) |
| Cash from financing | 859 | 709 | 109 | (4.13) | 20.44 | 5.62 | 0.35 |
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 345 | 346 | 362 | 399 | 220 | 305 | 145 | 164 |
| Revenue growth (YoY) | +56.4% | +13.8% | +150.4% | +143.3% | +333.7% | - | - | - |
| Other income | 0.83 | 0.33 | 1.44 | 1.35 | 6.88 | 0.29 | 0.42 | 2.62 |
| EBITDA | 69.48 | 107 | 74.73 | 78.67 | 63.00 | 47.07 | 36.61 | 29.22 |
| EBITDA margin | +20.2% | +30.8% | +20.6% | +19.7% | +28.6% | +15.5% | +25.3% | +17.8% |
| Depreciation | 7.30 | 6.27 | 1.83 | 23.96 | 20.48 | 0.38 | 12.69 | 9.65 |
| Interest | 47.04 | 75.83 | 35.86 | 27.23 | 31.98 | 15.19 | 9.89 | 11.59 |
| Profit before tax | 15.97 | 24.84 | 38.48 | 28.83 | 17.42 | 31.79 | 14.45 | 10.60 |
| Tax | (1.89) | 1.91 | 11.79 | 9.05 | 5.47 | 14.08 | 4.41 | 3.22 |
| Net profit | 17.86 | 22.93 | 26.69 | 19.78 | 11.95 | 17.71 | 10.04 | 7.38 |
| EPS (βΉ) | 4.46 | 7.75 | 8.27 | 6.45 | 3.25 | 4.88 | 2.84 | 6.37 |
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 904 | 371 | 154 | 60.11 | 75.14 | 78.61 | 64.23 |
| Revenue growth | +143.7% | +141.7% | +155.4% | -20.0% | -4.4% | +22.4% | - |
| EBITDA | 243 | 75.63 | 17.41 | 4.80 | 2.28 | 8.03 | 6.32 |
| EBITDA margin | +26.9% | +20.4% | +11.3% | +8.0% | +3.0% | +10.2% | +9.8% |
| Profit before tax | 108 | 34.55 | 14.32 | 3.62 | 3.13 | 7.47 | 6.63 |
| Net profit | 80.48 | 25.28 | 11.02 | 3.12 | 2.15 | 5.44 | 4.37 |
| Net profit margin | +8.9% | +6.8% | +7.2% | +5.2% | +2.9% | +6.9% | +6.8% |
| EPS (βΉ) | 21.25 | 20.50 | 10.07 | 3.80 | 2.63 | 9.03 | 3,538.24 |
| Balance sheet | |||||||
| Total assets | 1,763 | 922 | 170 | 42.78 | 42.00 | 14.72 | 7.58 |
| Net worth | 344 | 204 | 45.79 | 34.77 | 31.64 | 11.56 | 6.11 |
| Total debt | 1,260 | 574 | 78.37 | 5.04 | 7.46 | 2.71 | 1.21 |
| Cash & bank | 324 | 285 | 10.78 | 8.75 | 6.80 | 2.20 | 1.26 |
| Net working capital | 827 | 373 | 109 | 39.64 | 37.07 | 11.98 | 5.60 |
| Cash flow | |||||||
| Cash from operations | (51.67) | 99.66 | (46.98) | 5.32 | (14.31) | 2.45 | 0.82 |
| Cash from investing | (512) | (665) | (64.95) | (0.63) | (2.40) | (0.72) | (0.02) |
| Cash from financing | 602 | 683 | 111 | (3.64) | 21.31 | (0.24) | 0.34 |
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 294 | 299 | 342 | 363 | 201 | 299 | 147 | 144 |
| Revenue growth (YoY) | +46.1% | +0.2% | +133.2% | +151.2% | +337.5% | - | - | - |
| Other income | 1.36 | 0.55 | 0.29 | 14.92 | 8.21 | 0.37 | 9.10 | 3.98 |
| Total expenses | 253 | 186 | 265 | 275 | 135 | 250 | 110 | 116 |
| EBITDA | 41.06 | 113 | 76.70 | 87.46 | 65.68 | 48.72 | 36.63 | 28.65 |
| EBITDA margin | +14.0% | +37.7% | +22.4% | +24.1% | +32.7% | +16.3% | +25.0% | +19.8% |
| Depreciation | 2.08 | 2.37 | 0.18 | 23.11 | 19.73 | 0.25 | 12.60 | 9.56 |
| Interest | 22.00 | 60.22 | 22.45 | 32.78 | 30.73 | 12.83 | 16.46 | 11.42 |
| Profit before tax | 18.34 | 50.73 | 54.36 | 46.49 | 23.43 | 36.01 | 16.67 | 11.65 |
| Tax | 3.33 | 4.44 | 10.30 | 11.68 | 5.89 | 13.94 | 4.24 | 3.17 |
Financial Statements
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 345 | 346 | 362 | 399 | 220 | 305 | 145 | 164 |
| Revenue growth (YoY) | +56.4% | +13.8% | +150.4% | +143.3% | +333.7% | - | - | - |
| Other income | 0.83 | 0.33 | 1.44 | 1.35 | 6.88 | 0.29 | 0.42 | 2.62 |
| EBITDA | 69.48 | 107 | 74.73 | 78.67 | 63.00 | 47.07 | 36.61 | 29.22 |
| EBITDA margin | +20.2% | +30.8% | +20.6% | +19.7% | +28.6% | +15.5% | +25.3% | +17.8% |
| Depreciation | 7.30 | 6.27 | 1.83 | 23.96 | 20.48 | 0.38 | 12.69 | 9.65 |
| Interest | 47.04 | 75.83 | 35.86 | 27.23 | 31.98 | 15.19 | 9.89 | 11.59 |
| Profit before tax | 15.97 | 24.84 | 38.48 | 28.83 | 17.42 | 31.79 | 14.45 | 10.60 |
| Tax | (1.89) | 1.91 | 11.79 | 9.05 | 5.47 | 14.08 | 4.41 | 3.22 |
| Net profit | 17.86 | 22.93 | 26.69 | 19.78 | 11.95 | 17.71 | 10.04 | 7.38 |
| EPS (βΉ) | 4.46 | 7.75 | 8.27 | 6.45 | 3.25 | 4.88 | 2.84 | 6.37 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Revenue | 963 | 398 | 160 | 63.97 | 82.12 | 82.97 | 69.02 |
| Revenue growth | +142.0% | +148.1% | +150.8% | -22.1% | -1.0% | +20.2% | - |
| Other income | 32.80 | 5.13 | 1.99 | 0.63 | 2.77 | 1.21 | 0.62 |
| Total expenses | 733 | 320 | 141 | 57.61 | 78.05 | 73.79 | 61.79 |
| Employee cost | 40.86 | 14.49 | 11.48 | 10.76 | 14.77 | 15.32 | 10.85 |
| EBITDA | 230 | 77.84 | 19.20 | 6.36 | 4.07 | 9.18 | 7.23 |
| EBITDA margin | +23.9% | +19.6% | +12.0% | +9.9% | +5.0% | +11.1% | +10.5% |
| Depreciation | 74.25 | 25.37 | 1.31 | 1.35 | 1.39 | 0.44 | 0.12 |
| Interest | 110 | 24.45 | 5.51 | 1.89 | 2.02 | 0.78 | 0.28 |
| Profit before tax | 77.90 | 33.15 | 14.37 | 3.75 | 3.43 | 9.17 | 7.45 |
| Tax | 24.44 | 9.82 | 3.25 | 0.56 | 1.21 | 2.57 | 2.12 |
| Net profit | 59.61 | 23.59 | 11.09 | 3.19 | 2.21 | 6.61 | 5.33 |
| Net profit margin | +6.2% | +5.9% | +6.9% | +5.0% | +2.7% | +8.0% | +7.7% |
| EPS (βΉ) | 15.72 | 19.12 | 10.14 | 3.89 | 2.69 | 10.91 | 4,338.70 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 37.87 | 12.22 | 10.94 | 8.20 | 8.20 | 6.04 | 0.01 |
| Reserves & surplus | 288 | 195 | 35.51 | 28.16 | 24.97 | 6.99 | 6.53 |
| Shareholders' funds (net worth) | 326 | 207 | 46.45 | 36.36 | 33.17 | 13.03 | 6.54 |
| Minority interest | (12.66) | 0.94 | 0.04 | 0.01 | 1.90 | 0.00 | 0.01 |
| Secured loans | 1,133 | 439 | 39.34 | 5.40 | 3.52 | 4.27 | 0.36 |
| Unsecured loans | 376 | 159 | 43.05 | 5.12 | 7.48 | 4.34 | 0.88 |
| Total debt | 1,510 | 598 | 82.39 | 10.52 | 11.00 | 8.61 | 1.24 |
| Total liabilities | 2,033 | 951 | 174 | 49.84 | 49.12 | 22.14 | 8.07 |
| Assets | |||||||
| Gross block | 832 | 323 | 60.10 | 9.99 | 9.61 | 8.96 | 1.15 |
| Net block | 723 | 293 | 55.37 | 6.55 | 7.68 | 8.42 | 0.88 |
| Capital work in progress | 88.36 | 40.98 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 6.65 | 6.65 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 12.13 | 10.32 | 60.26 | 10.81 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 228 | 72.70 | 35.24 | 17.79 | 26.35 | 21.96 | 16.39 |
| Cash & bank balances | 379 | 286 | 11.03 | 8.83 | 4.59 | 2.32 | 1.92 |
| Loans & advances | 504 | 109 | 36.36 | 24.04 | 31.69 | 9.24 | 6.29 |
| Total current assets | 1,123 | 478 | 143 | 61.47 | 62.63 | 33.52 | 24.60 |
| Total current liabilities | 255 | 103 | 31.02 | 19.94 | 24.71 | 21.28 | 18.36 |
| Net working capital | 867 | 375 | 112 | 41.53 | 37.92 | 12.24 | 6.24 |
| Total assets | 2,033 | 951 | 174 | 49.84 | 49.12 | 22.14 | 8.07 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Opening cash | 125 | 7.31 | 7.93 | 6.93 | 2.32 | 1.39 | 0.16 |
| Net cash from operating activities | (98.10) | 115 | (49.63) | 5.85 | (17.75) | 3.23 | 1.65 |
| Net cash from investing activities | (668) | (706) | (60.00) | (0.72) | (0.42) | (7.92) | (0.87) |
| Net cash from financing activities | 859 | 709 | 109 | (4.13) | 20.44 | 5.62 | 0.35 |
| Net change in cash | 92.93 | 118 | (0.62) | 1.00 | 2.27 | 0.93 | 1.13 |
| Closing cash | 379 | 286 | 11.03 | 8.83 | 4.59 | 2.32 | 1.92 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +142.0% | +148.1% | +150.8% | -22.1% | -1.0% | +20.2% | - |
| EBITDA growth | +195.1% | +305.4% | +201.9% | +56.3% | -55.7% | +27.0% | - |
| PBT growth | +135.0% | +130.7% | +283.2% | +9.3% | -62.6% | +23.1% | +343.5% |
| Net income growth | +152.7% | +112.7% | +247.7% | +44.3% | -66.6% | +24.0% | - |
| Revenue CAGR (3Y) | +146.9% | +69.2% | +24.6% | -2.5% | +9.7% | - | - |
| EBITDA CAGR (3Y) | +230.6% | +167.4% | +27.9% | -4.2% | +34.0% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +5.6% | +5.9% | +6.9% | +5.0% | +2.7% | +8.0% | +7.7% |
| Return on capital employed | +12.6% | +10.3% | +17.7% | +11.6% | +15.7% | +65.8% | +156.8% |
| Return on net worth | +20.1% | +18.4% | +26.9% | +9.2% | +9.6% | +67.4% | +137.8% |
| Debt / equity | 3.96 | 2.69 | 1.12 | 0.31 | 0.42 | 0.50 | 0.21 |
| Long-term debt / equity | 2.70 | 2.12 | 0.52 | 0.13 | 0.27 | 0.39 | 0.12 |
| Interest cover | 70.99 | 46.60 | 30.80 | 37.72 | 75.37 | 8.92 | 3.94 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.67 | 2.08 | 4.58 | 6.53 | 8.84 | 16.41 | 95.86 |
| Inventory turnover | 85.80 | 11.28 | 4.51 | 11.84 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 6.41 | 7.37 | 6.05 | 2.90 | 3.40 | 4.33 | 6.05 |
| EPS (βΉ) | 15.72 | 19.12 | 10.14 | 3.89 | 2.69 | 10.91 | 4,338.70 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 86.01 | 169.34 | 42.46 | 44.34 | 40.44 | 21.57 | 5,321.87 |
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 294 | 299 | 342 | 363 | 201 | 299 | 147 | 144 |
| Revenue growth (YoY) | +46.1% | +0.2% | +133.2% | +151.2% | +337.5% | - | - | - |
| Other income | 1.36 | 0.55 | 0.29 | 14.92 | 8.21 | 0.37 | 9.10 | 3.98 |
| Total expenses | 253 | 186 | 265 | 275 | 135 | 250 | 110 | 116 |
| EBITDA | 41.06 | 113 | 76.70 | 87.46 | 65.68 | 48.72 | 36.63 | 28.65 |
| EBITDA margin | +14.0% | +37.7% | +22.4% | +24.1% | +32.7% | +16.3% | +25.0% | +19.8% |
| Depreciation | 2.08 | 2.37 | 0.18 | 23.11 | 19.73 | 0.25 | 12.60 | 9.56 |
| Interest | 22.00 | 60.22 | 22.45 | 32.78 | 30.73 | 12.83 | 16.46 | 11.42 |
| Profit before tax | 18.34 | 50.73 | 54.36 | 46.49 | 23.43 | 36.01 | 16.67 | 11.65 |
| Tax | 3.33 | 4.44 | 10.30 | 11.68 | 5.89 | 13.94 | 4.24 | 3.17 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Revenue | 904 | 371 | 154 | 60.11 | 75.14 | 78.61 | 64.23 |
| Revenue growth | +143.7% | +141.7% | +155.4% | -20.0% | -4.4% | +22.4% | - |
| Other income | 40.40 | 7.85 | 2.34 | 0.72 | 2.83 | 0.53 | 0.64 |
| Total expenses | 661 | 295 | 136 | 55.31 | 72.86 | 70.58 | 57.91 |
| Employee cost | 26.63 | 13.57 | 9.74 | 9.70 | 13.02 | 10.82 | 8.93 |
| EBITDA | 243 | 75.63 | 17.41 | 4.80 | 2.28 | 8.03 | 6.32 |
| EBITDA margin | +26.9% | +20.4% | +11.3% | +8.0% | +3.0% | +10.2% | +9.8% |
| Depreciation | 72.44 | 25.02 | 0.58 | 0.58 | 0.51 | 0.33 | 0.07 |
| Interest | 103 | 23.91 | 4.85 | 1.32 | 1.47 | 0.76 | 0.26 |
| Profit before tax | 108 | 34.55 | 14.32 | 3.62 | 3.13 | 7.47 | 6.63 |
| Tax | 27.54 | 9.50 | 3.30 | 0.50 | 0.98 | 2.03 | 2.26 |
| Net profit | 80.48 | 25.28 | 11.02 | 3.12 | 2.15 | 5.44 | 4.37 |
| Net profit margin | +8.9% | +6.8% | +7.2% | +5.2% | +2.9% | +6.9% | +6.8% |
| EPS (βΉ) | 21.25 | 20.50 | 10.07 | 3.80 | 2.63 | 9.03 | 3,538.24 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 37.87 | 12.22 | 10.94 | 8.20 | 8.20 | 6.04 | 0.01 |
| Reserves & surplus | 306 | 191 | 34.85 | 26.57 | 23.44 | 5.52 | 6.10 |
| Shareholders' funds (net worth) | 344 | 204 | 45.79 | 34.77 | 31.64 | 11.56 | 6.11 |
| Secured loans | 936 | 434 | 35.90 | 1.99 | 0.00 | 0.27 | 0.34 |
| Unsecured loans | 323 | 139 | 42.47 | 3.05 | 7.46 | 2.44 | 0.87 |
| Total debt | 1,260 | 574 | 78.37 | 5.04 | 7.46 | 2.71 | 1.21 |
| Total liabilities | 1,763 | 922 | 170 | 42.78 | 42.00 | 14.72 | 7.58 |
| Assets | |||||||
| Gross block | 641 | 317 | 52.01 | 2.40 | 2.26 | 1.61 | 0.83 |
| Net block | 571 | 261 | 50.14 | 0.77 | 1.22 | 1.07 | 0.62 |
| Capital work in progress | 1.93 | 6.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 124 | 13.96 | 3.81 | 0.46 | 2.43 | 0.46 | 0.46 |
| Inventories | 9.13 | 10.32 | 60.26 | 10.81 | 7.11 | 0.00 | 0.00 |
| Sundry debtors | 217 | 68.25 | 29.24 | 15.25 | 21.75 | 17.16 | 13.99 |
| Cash & bank balances | 324 | 285 | 10.78 | 8.75 | 6.80 | 2.20 | 1.26 |
| Loans & advances | 502 | 82.01 | 36.60 | 23.44 | 23.81 | 10.25 | 7.01 |
| Total current assets | 1,052 | 446 | 137 | 58.25 | 59.47 | 29.61 | 22.26 |
| Total current liabilities | 225 | 73.16 | 28.21 | 18.61 | 22.40 | 17.63 | 16.66 |
| Net working capital | 827 | 373 | 109 | 39.64 | 37.07 | 11.98 | 5.60 |
| Total assets | 1,763 | 922 | 170 | 42.78 | 42.00 | 14.72 | 7.58 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Opening cash | 125 | 7.06 | 7.85 | 6.80 | 2.20 | 0.71 | 0.11 |
| Net cash from operating activities | (51.67) | 99.66 | (46.98) | 5.32 | (14.31) | 2.45 | 0.82 |
| Net cash from investing activities | (512) | (665) | (64.95) | (0.63) | (2.40) | (0.72) | (0.02) |
| Net cash from financing activities | 602 | 683 | 111 | (3.64) | 21.31 | (0.24) | 0.34 |
| Net change in cash | 38.79 | 118 | (0.79) | 1.05 | 4.60 | 1.49 | 1.14 |
| Closing cash | 324 | 285 | 10.78 | 8.75 | 6.80 | 2.20 | 1.26 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +143.7% | +141.7% | +155.4% | -20.0% | -4.4% | +22.4% | - |
| EBITDA growth | +221.0% | +334.4% | +262.7% | +110.5% | -71.6% | +27.1% | - |
| PBT growth | +212.7% | +141.3% | +295.6% | +15.7% | -58.1% | +12.7% | +297.0% |
| Net income growth | +218.4% | +129.4% | +253.2% | +45.1% | -60.5% | +24.5% | - |
| Revenue CAGR (3Y) | +146.8% | +70.3% | +25.0% | -2.2% | +7.0% | +87.5% | +185.9% |
| EBITDA CAGR (3Y) | +269.8% | +221.3% | +29.4% | -8.8% | +10.7% | +143.0% | - |
| Profitability & leverage | |||||||
| Net income margin | +8.9% | +6.8% | +7.2% | +5.2% | +2.9% | +6.9% | +6.8% |
| Return on capital employed | +15.7% | +10.7% | +18.1% | +11.7% | +16.3% | +73.9% | +138.7% |
| Return on net worth | +29.4% | +20.1% | +27.4% | +9.4% | +10.0% | +61.7% | +110.7% |
| Debt / equity | 3.35 | 2.61 | 1.04 | 0.19 | 0.24 | 0.22 | 0.20 |
| Long-term debt / equity | 2.19 | 2.06 | 0.45 | 0.03 | 0.07 | 0.10 | 0.11 |
| Interest cover | 60.29 | 47.24 | 28.82 | 31.28 | 83.05 | 9.87 | 4.16 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.89 | 2.01 | 5.64 | 25.80 | 38.83 | 64.43 | 139.63 |
| Inventory turnover | 92.96 | 10.51 | 4.32 | 6.71 | 21.14 | 0.00 | 0.00 |
| Debtors turnover | 6.35 | 7.61 | 6.90 | 3.25 | 3.86 | 5.05 | 6.46 |
| EPS (βΉ) | 21.25 | 20.50 | 10.07 | 3.80 | 2.63 | 9.03 | 3,538.24 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 90.86 | 166.59 | 41.86 | 42.40 | 38.58 | 19.13 | 4,963.47 |
Investments & Acquisitions by Gensol solar
Gensol solar has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Scorpius Trackers.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Solar tracker developers | scorpiustrackers.com | Pune, India | 2012 | Mar 2023 | $16.36M |
Complete acquisition details for Gensol solar
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Timeline of Gensol solar
3 dated milestones of Gensol solar across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Gensol solar is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Scorpius Trackers.
Similar companies to Gensol solar
Gensol solar has 3 listed similar companies in our database, 3 of them funded. They include Fourth Partner Energy, Rays Power Infra and Amplus Solar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| rayspowerinfra.com | 2011 | Jaipur, India | $57.02M | 357 | Turnkey solar engineering, procurement, and construction solutions are provided. | |
| amplussolar.com | 2008 | Gurugram, India | $7.16M | 150 | Solar installation services and renewable energy solutions are provided. |
Detailed similar companies of Gensol solar
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- Full competitor set
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Web traffic of Gensol solar
The website of Gensol solar (gensolsolar.com) receives about 8.8K visits a month.
- Monthly visits8.8K
▲ 45.7% vs previous month
Websites whose visitors overlap most with Gensol solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| solarindustrymag.com | 100% | #4,642,768 | View details | ||
| aeesolar.com | 100% | 680.7K | View details |
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Gensol solar (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Related news about Gensol Solar
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Frequently Asked Questions about Gensol solar
Gensol solar was founded in 2007.
Gensol solar is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Gensol solar has 219 employees.
The primary company behind Gensol solar, Gensol Engineering Limited, reported revenue of βΉ996 Cr for FY 2024, up 142% year on year.
Gensol Solar was established in 2007 in Ahmedabad, India, within the renewable energy sector. Consultancy and execution services for MW-scale solar projects, including grid-connected rooftops and off-grid systems, are offered. Carbon trading and renewable energy certification are managed as additional operations. Advisory support has been extended to over 450 projects across India, encompassing more than 400MW of installed capacity.
Gensol solar's top competitors include Rays Power Infra, Fourth Partner Energy and Amplus Solar.
Gensol solar offers Turnkey EPC, Solar Trackers, EV Manufacturing, and EV Leasing.
Yes, Gensol solar is publicly traded on NSE under the ticker symbol GENSOL.
Gensol solar has made 1 acquisition, including Scorpius Trackers.
Gensol solar is associated with 2 legal entities: Gensol Engineering Limited, Gensol Ventures Private Limited.
The legal entities of Gensol solar currently have 5 directors, including Anmol Singh Jaggi, Puneet Singh Jaggi, Ali Imran Naqvi and others.
