
About Gensol
Gensol is a publicly listed company based in Ahmedabad (India) founded in 2007 by Anmol Singh Jaggi. Provider of solar advisory and execution services. The company has 229 employees. Its Indian entity Gensol Engineering Limited reported revenue of ₹996 Cr. Gensol 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 Operations and Maintenance.
Company details
Gensol Solar Group provides solar advisory and execution services, specializing in solar power plant design, advisory, and EPC. They are Indias largest independent operator of solar assets and have a unique business model in the sector. Gensol is dedicated to helping the world build solar power projects that are stamped with extraordinary quality.
- Headquarters Ahmedabad, India
- Employees 229
- Founders Anmol Singh Jaggi
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website gensol.in
- Social LinkedIn X
- Legal Name Gensol Engineering Limited
- Date of Incorporation 25 Sep, 2012
- Jurisdiction Ahmedabad, Gujarat, India
- 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
- Latest Funding Round$108.36M (USD), Post-IPO
Feb 2024
- InvestorsElara Capital
& 2 more
- Employee Count229
Associated legal entities of Gensol
Gensol is associated with 5 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 |
| Capbridge Venture Llp CIN AAT-2035 | Active | 02 Aug 2020 | Ahmedabad, Gujarat | 2 | View details | ||
| Gensol Consultants Private Limited CIN U74140HR2007PTC036685 | Active | 20 Mar 2007 | Gurgaon, Haryana | ₹10.4 Cr | 2 | View details | |
| Matrix Gas And Renewables Limited CIN U74999GJ2018PLC101075 | Active | 06 Mar 2018 | Ahmedabad, Gujarat | ₹614 Cr | 58 | 5 | View details |
| Gensol Ventures Private Limited CIN U74999GJ2017PTC096539 | Active | 28 Mar 2017 | Ahmedabad, Gujarat | ₹3.9 Cr | 3 | View details |
Products & Services of Gensol
Gensol offers a comprehensive portfolio of products and services, including Turnkey EPC, Solar Trackers, EV Manufacturing, and EV Leasing.
End-to-end construction for solar power projects worldwide.
Devices that optimize solar panel efficiency and output.
Design and production of electric vehicles for markets.
Leasing solutions for electric vehicle fleets globally.
Funding Insights of Gensol
- Total Rounds 1
- Last Round Post-IPO — $108.36M
- First Round $108.36M
(Feb 2024)
- Investors Count 3
All 1 funding rounds of Gensol with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $108.36M | Post-IPO | – | – |
3 investors in total: 3 institutional.
Investors in Gensol
Gensol has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Elara Capital, Aries Capital Partners and Tano Investment Opportunities Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Long-term investments are offered by Aries Capital Partners to entrepreneurs. | ariescapitalpartners.com | |||
Financial services including investment banking, equities, and asset management. | 2002 | elaracapital.com |
Investor details for Gensol
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Gensol Engineering Limited (Gensol)
Gensol Engineering Limited is the primary company behind Gensol. The boards of the 5 registered companies of Gensol currently have 7 directors; the longest-serving is Puneet Singh Jaggi, appointed in 2020. 38 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Puneet Singh Jaggi DIN 02479868 | Designated Partner | 02 Aug 2020 | 6 yrs 3 mo | Capbridge Venture Llp, Gensol Engineering Limited, Gensol Ventures Private Limited, Gensol Consultants Private Limited |
| Anmol Singh Jaggi DIN 01293305 | Designated Partner | 02 Aug 2020 | 6 yrs 3 mo | Capbridge Venture Llp, Gensol Engineering Limited, Matrix Gas And Renewables Limited, Gensol Ventures Private Limited, Gensol Consultants Private Limited |
| Gaurav Kharbanda DIN 08440746 | Director | 07 Feb 2023 | 3 yrs 9 mo | Matrix Gas And Renewables Limited |
| Arun Menon DIN 07777308 | Director | 14 Apr 2023 | 3 yrs 6 mo | Matrix Gas And Renewables Limited |
| Vibhuti Patel DIN 10214165 | Director | 11 Jul 2023 | 3 yrs 4 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 5 mo | Gensol Engineering Limited |
People of Gensol
2 people are tracked at Gensol (2 in leadership); the tracked headcount is 229.
| Name | Role | Group |
|---|---|---|
| Founder & Chairman & Managing Director | Leadership | |
Abhinav Tiwari | Group Chief Information Officer | Leadership |
Complete people profiles for Gensol
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Gensol
Gensol 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 date15 Oct 2019
- Listed onNSE: GENSOL · BSE: 542851
- Listed entityGensol Engineering Limited
- Exchange sectorIndustrial services
Financials of Gensol
Exchange-reported figures of Gensol Engineering Limited, the listed company behind Gensol (NSE: GENSOL).
Financial Highlights
FY 2023-24 · 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 (₹) | 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 (₹) | 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 (₹) | 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 (₹) | 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 (₹) | 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 (₹) | 15.72 | 19.12 | 10.14 | 3.89 | 2.69 | 10.91 | 4,338.70 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 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 (₹) | 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 (₹) | 21.25 | 20.50 | 10.07 | 3.80 | 2.63 | 9.03 | 3,538.24 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 90.86 | 166.59 | 41.86 | 42.40 | 38.58 | 19.13 | 4,963.47 |
Timeline of Gensol
3 dated milestones of Gensol across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Gensol is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $108.4M.
Web traffic of Gensol
The website of Gensol (gensol.in) receives about 1.8K visits a month.
- Monthly visits1.8K
▼ 15.4% vs previous month
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| getmoneyrich.com | 100% | #1,198,452 | View details | ||
| finshots.in | 97% | 685.4K | #108,732 | View details | |
screener.in | screener.in | 91% | #1,968 | – | |
| themorningcontext.com | 90% | 248.1K | #199,417 | View details | |
| marketsmojo.com | 90% | 834.5K | #72,195 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 37 similar websites and full traffic analytics for Gensol
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- 37 similar websites
- Audience overlap
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Gensol (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
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Frequently Asked Questions about Gensol
Gensol was founded in 2007 and raised its 1st funding round 17 years after it was founded.
Gensol is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Gensol has 229 employees.
The primary company behind Gensol, Gensol Engineering Limited, reported revenue of ₹996 Cr for FY 2024, up 142% year on year.
Gensol Solar Group provides solar advisory and execution services, specializing in solar power plant design, advisory, and EPC. They are Indias largest independent operator of solar assets and have a unique business model in the sector. Gensol is dedicated to helping the world build solar power projects that are stamped with extraordinary quality.
Gensol offers Turnkey EPC, Solar Trackers, EV Manufacturing, and EV Leasing.
Yes, Gensol is publicly traded on NSE under the ticker symbol GENSOL.
Gensol has 3 investors. Key investors include Elara Capital, Aries Capital Partners, and Tano Investment Opportunities Fund.
Gensol is associated with 5 legal entities: Gensol Engineering Limited, Capbridge Venture Llp, Matrix Gas And Renewables Limited and others.
The legal entities of Gensol currently have 9 directors, including Puneet Singh Jaggi, Anmol Singh Jaggi, Ali Imran Naqvi and others.
