
About Winsol
Winsol is a publicly listed company based in Jamnagar (India) founded in 2015. Sustainable wind power solutions are provided by Winsol. It operates on a Green Energy-as-a-Service and Professional Services model. The company has 243 employees. Its chief executive, as recorded, is Ramesh Pindariya. Its Indian entity Winsol Engineers Limited reported revenue of ₹137 Cr. Winsol offers products and services including Wind Power Solutions and Turnkey Solutions. Its focus areas include Energy, Renewable Energy and Wind Power. Similar companies include Ampin Energy Transition, L&T IDPL and Everrenew; 3 of its 3 listed similar companies have raised funding.
Company details
Innovative wind power solutions are offered by Winsol Engineers Limited, focusing on sustainable energy development. Turnkey solutions in engineering, procurement, construction, and commissioning are provided, alongside operation and maintenance services. The company operates within the renewable energy sector, specifically targeting wind power projects. A presence is maintained across multiple states in India, contributing to cleaner energy initiatives. Expertise is applied to drive environmental progress and support a greener future through science-powered sustainability.
- Headquarters Jamnagar, India
- Employees 243
- Stage Public
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website winsol.info
- Social LinkedIn
- Legal Name Winsol Engineers Limited
- Market Cap₹115 Cr
WINSOL-SM · NSE
- Share Price₹102.00
+2.00% today
- Revenue₹137 Cr
FY 2025-26 · +22.6% YoY
- EBITDA₹24.54 Cr
Margin 18.0%
- Net Profit₹14.45 Cr
FY 2025-26 · +22.5% YoY
- P/E (TTM)8.0x
P/B 1.8x
- Employee Count243
Associated legal entities of Winsol
Winsol is associated with 2 registered companies on The Company Check; the primary company is Winsol Engineers 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 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Winsol Engineers Limited Listed CIN L40100GJ2015PLC085516 | Active | 30 Dec 2015 | Jamnagar, Gujarat | ₹137 Cr | 243 | 9 | View details |
| Winsol Engineers Limited CIN U40100GJ2015PLC085516 | 30 Dec 2015 | Jamnagar, Gujarat, India | View details |
Products & Services of Winsol
Winsol offers a comprehensive portfolio of products and services, including Wind Power Solutions and Turnkey Solutions.
Innovative wind power solutions are provided for sustainability.
Comprehensive turnkey solutions are delivered for energy projects.
Board of directors of Winsol Engineers Limited (Winsol)
Winsol Engineers Limited is the primary company behind Winsol. The board of Winsol Engineers Limited currently have 7 directors; the longest-serving is Ramesh Jivabhai Pindariya, appointed in 2015. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ramesh Jivabhai Pindariya DIN 07322863 | Managing Director | 30 Dec 2015 | 10 yrs 10 mo | Winsol Engineers Limited |
| Amri Ramesh Pindariya DIN 07322896 | Whole-time director | 30 Dec 2015 | 10 yrs 10 mo | Winsol Engineers Limited |
| Pindariya Kashmira DIN 10342545 | Director | 16 Nov 2023 | 2 yrs 11 mo | Winsol Engineers Limited |
| Prakash Kantilal Vora DIN 07669472 | Director | 03 Jan 2024 | 2 yrs 9 mo | Winsol Engineers Limited |
| Hariharan Venkiteshwaran Prasad DIN 10423461 | Director | 03 Jan 2024 | 2 yrs 9 mo | Winsol Engineers Limited |
| Kishor Jivabhai Pindariya DIN 08331120 | Director | 12 Jan 2024 | 2 yrs 9 mo | Winsol Engineers Limited |
| Niranjan Mishra DIN 11755863 | Additional Director | 03 Jun 2026 | 4 mo | Winsol Engineers Limited |
People of Winsol
1 people are tracked at Winsol (1 in leadership); the tracked headcount is 243.
| Name | Role | Group |
|---|---|---|
| CEO & Managing Director | Leadership |
Complete people profiles for Winsol
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
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IPO & Listings of Winsol
Winsol is a publicly listed company on the NSE with ticker symbol WINSOL 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 date14 May 2024
- Listed onNSE: WINSOL
- Listed entityWinsol Engineers Limited
- Exchange sectorIndustrial services
- ISININE0S3D01016
- Share price₹110.00 (+0.78% on the day) · 2026-10-14
- Market capitalisation₹134 Cr
- Price to earnings8.8
- EPS (diluted, trailing year)₹12.48
- Volume (last session)1,200
Financials of Winsol
Exchange-reported figures of Winsol Engineers Limited, the listed company behind Winsol (NSE: WINSOL-SM).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 137 | 111 | 78.05 | 65.39 |
| Revenue growth | +22.6% | +42.8% | +19.4% | - |
| EBITDA | 24.54 | 17.52 | 13.31 | 7.79 |
| EBITDA margin | +18.0% | +15.7% | +17.1% | +11.9% |
| Profit before tax | 20.18 | 16.20 | 12.20 | 6.93 |
| Net profit | 14.45 | 11.80 | 9.12 | 5.17 |
| Net profit margin | +10.6% | +10.6% | +11.7% | +7.9% |
| EPS (₹) | 12.48 | 10.22 | 10.79 | 2,584.90 |
| Balance sheet | ||||
| Total assets | 132 | 66.26 | 27.50 | 20.48 |
| Net worth | 63.88 | 49.49 | 17.59 | 8.79 |
| Total debt | 68.23 | 16.77 | 9.91 | 11.69 |
| Cash & bank | 0.56 | 0.47 | 0.59 | 0.31 |
| Net working capital | 78.37 | 62.45 | 25.29 | 18.28 |
| Cash flow | ||||
| Cash from operations | 5.01 | (24.23) | 3.22 | (0.28) |
| Cash from investing | (52.34) | (1.92) | (0.35) | 0.15 |
| Cash from financing | 47.43 | 26.03 | (2.58) | 0.00 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 136 | 111 | 75.16 | 65.39 | 60.70 | 22.16 |
| Revenue growth | +23.4% | +47.1% | +14.9% | +7.7% | +173.9% | - |
| EBITDA | 24.36 | 16.88 | 12.73 | 7.79 | 2.27 | 1.54 |
| EBITDA margin | +17.9% | +15.3% | +16.9% | +11.9% | +3.7% | +7.0% |
| Profit before tax | 20.03 | 15.60 | 11.64 | 6.93 | 1.49 | 0.70 |
| Net profit | 14.35 | 11.35 | 8.70 | 5.17 | 1.09 | 0.50 |
| Net profit margin | +10.5% | +10.3% | +11.6% | +7.9% | +1.8% | +2.3% |
| EPS (₹) | 12.39 | 9.83 | 10.31 | 2,584.90 | 542.30 | 247.20 |
| Balance sheet | ||||||
| Total assets | 131 | 64.83 | 26.58 | 20.48 | 12.77 | 10.56 |
| Net worth | 62.94 | 48.64 | 17.18 | 8.79 | 3.44 | 2.39 |
| Total debt | 68.03 | 16.19 | 9.40 | 11.69 | 9.29 | 8.14 |
| Cash & bank | 0.44 | 0.36 | 0.46 | 0.31 | 0.45 | 0.13 |
| Net working capital | 76.99 | 60.79 | 24.14 | 18.28 | 10.13 | 7.47 |
| Cash flow | ||||||
| Cash from operations | 4.59 | (24.17) | 3.81 | (0.28) | (0.36) | (1.64) |
| Cash from investing | (52.35) | (1.92) | (0.59) | 0.15 | 0.05 | 0.55 |
| Cash from financing | 47.85 | 25.98 | (3.07) | 0.00 | 0.63 | 0.89 |
| Particulars | Mar 2024 | Dec 2023 |
|---|---|---|
| Revenue | 23.21 | 18.50 |
| Other income | 0.00 | 0.00 |
| Total expenses | 20.36 | 14.50 |
| EBITDA | 2.85 | 4.00 |
| EBITDA margin | +12.3% | +21.6% |
| Depreciation | 0.10 | 0.10 |
| Interest | 0.15 | 0.21 |
| Profit before tax | 2.60 | 3.69 |
| Tax | 0.70 | 0.92 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 137 | 111 | 78.05 | 65.39 |
| Revenue growth | +22.6% | +42.8% | +19.4% | - |
| Other income | 0.64 | 0.07 | 0.07 | 0.06 |
| Total expenses | 112 | 93.90 | 64.74 | 57.60 |
| Employee cost | 0.00 | 9.76 | 7.77 | 5.61 |
| EBITDA | 24.54 | 17.52 | 13.31 | 7.79 |
| EBITDA margin | +18.0% | +15.7% | +17.1% | +11.9% |
| Depreciation | 0.97 | 0.39 | 0.37 | 0.32 |
| Interest | 4.03 | 1.00 | 0.81 | 0.60 |
| Profit before tax | 20.18 | 16.20 | 12.20 | 6.93 |
| Tax | 5.77 | 4.40 | 3.11 | 1.76 |
| Net profit | 14.45 | 11.80 | 9.12 | 5.17 |
| Net profit margin | +10.6% | +10.6% | +11.7% | +7.9% |
| EPS (₹) | 12.48 | 10.22 | 10.79 | 2,584.90 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 11.54 | 11.54 | 8.42 | 0.02 |
| Reserves & surplus | 52.34 | 37.95 | 9.17 | 8.77 |
| Shareholders' funds (net worth) | 63.88 | 49.49 | 17.59 | 8.79 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 63.88 | 14.10 | 9.65 | 8.57 |
| Unsecured loans | 4.35 | 2.67 | 0.26 | 3.12 |
| Total debt | 68.23 | 16.77 | 9.91 | 11.69 |
| Total liabilities | 132 | 66.26 | 27.50 | 20.48 |
| Assets | ||||
| Gross block | 43.97 | 4.43 | 4.17 | 3.95 |
| Net block | 40.61 | 2.05 | 2.18 | 2.37 |
| Capital work in progress | 11.27 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 37.73 | 25.72 | 7.14 | 0.14 |
| Sundry debtors | 50.19 | 35.58 | 26.42 | 22.28 |
| Cash & bank balances | 0.56 | 0.47 | 0.59 | 0.31 |
| Loans & advances | 13.68 | 20.56 | 4.49 | 3.41 |
| Total current assets | 102 | 82.33 | 38.64 | 26.14 |
| Total current liabilities | 23.79 | 19.88 | 13.35 | 7.86 |
| Net working capital | 78.37 | 62.45 | 25.29 | 18.28 |
| Total assets | 132 | 66.26 | 27.50 | 20.48 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 0.47 | 0.59 | 0.31 | 0.45 |
| Net cash from operating activities | 5.01 | (24.23) | 3.22 | (0.28) |
| Net cash from investing activities | (52.34) | (1.92) | (0.35) | 0.15 |
| Net cash from financing activities | 47.43 | 26.03 | (2.58) | 0.00 |
| Net change in cash | 0.10 | (0.12) | 0.28 | (0.14) |
| Closing cash | 0.56 | 0.47 | 0.59 | 0.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +22.6% | +42.8% | +19.4% | - |
| EBITDA growth | +40.1% | +31.6% | +70.9% | - |
| PBT growth | +24.6% | +32.8% | +76.1% | +9997.0% |
| Net income growth | +22.5% | +29.4% | +76.4% | - |
| Revenue CAGR (3Y) | +27.8% | - | - | - |
| EBITDA CAGR (3Y) | +46.6% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +10.6% | +10.6% | +11.7% | +7.9% |
| Return on capital employed | - | +36.7% | +54.2% | +36.8% |
| Return on net worth | - | +35.2% | +68.9% | +58.8% |
| Debt / equity | - | 0.40 | 0.82 | 1.33 |
| Long-term debt / equity | - | 0.09 | 0.17 | 0.31 |
| Interest cover | 17.10 | 5.84 | 6.26 | 8.03 |
| Efficiency & per share | ||||
| Fixed asset turnover | - | 25.91 | 19.22 | 16.55 |
| Inventory turnover | - | 6.78 | 21.44 | 467.07 |
| Debtors turnover | - | 3.59 | 3.21 | 2.93 |
| EPS (₹) | 12.48 | 10.22 | 10.79 | 2,584.90 |
| Dividend per share (₹) | 1.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 42.90 | 20.89 | 4,394.45 |
| Particulars | Mar 2024 | Dec 2023 |
|---|---|---|
| Revenue | 23.21 | 18.50 |
| Other income | 0.00 | 0.00 |
| Total expenses | 20.36 | 14.50 |
| EBITDA | 2.85 | 4.00 |
| EBITDA margin | +12.3% | +21.6% |
| Depreciation | 0.10 | 0.10 |
| Interest | 0.15 | 0.21 |
| Profit before tax | 2.60 | 3.69 |
| Tax | 0.70 | 0.92 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 136 | 111 | 75.16 | 65.39 | 60.70 | 22.16 |
| Revenue growth | +23.4% | +47.1% | +14.9% | +7.7% | +173.9% | - |
| Other income | 0.64 | 0.07 | 0.07 | 0.06 | 0.10 | 0.08 |
| Total expenses | 112 | 93.69 | 62.43 | 57.60 | 58.43 | 20.62 |
| Employee cost | 0.00 | 9.66 | 7.64 | 5.61 | 3.67 | 3.20 |
| EBITDA | 24.36 | 16.88 | 12.73 | 7.79 | 2.27 | 1.54 |
| EBITDA margin | +17.9% | +15.3% | +16.9% | +11.9% | +3.7% | +7.0% |
| Depreciation | 0.97 | 0.39 | 0.37 | 0.32 | 0.35 | 0.43 |
| Interest | 4.00 | 0.96 | 0.79 | 0.60 | 0.53 | 0.49 |
| Profit before tax | 20.03 | 15.60 | 11.64 | 6.93 | 1.49 | 0.70 |
| Tax | 5.72 | 4.25 | 2.97 | 1.76 | 0.40 | 0.21 |
| Net profit | 14.35 | 11.35 | 8.70 | 5.17 | 1.09 | 0.50 |
| Net profit margin | +10.5% | +10.3% | +11.6% | +7.9% | +1.8% | +2.3% |
| EPS (₹) | 12.39 | 9.83 | 10.31 | 2,584.90 | 542.30 | 247.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 11.54 | 11.54 | 8.42 | 0.02 | 0.02 | 0.02 |
| Reserves & surplus | 51.40 | 37.10 | 8.76 | 8.77 | 3.42 | 2.37 |
| Shareholders' funds (net worth) | 62.94 | 48.64 | 17.18 | 8.79 | 3.44 | 2.39 |
| Secured loans | 63.68 | 13.61 | 9.24 | 6.20 | 5.15 | 4.91 |
| Unsecured loans | 4.35 | 2.58 | 0.16 | 5.49 | 4.14 | 3.23 |
| Total debt | 68.03 | 16.19 | 9.40 | 11.69 | 9.29 | 8.14 |
| Total liabilities | 131 | 64.83 | 26.58 | 20.48 | 12.77 | 10.56 |
| Assets | ||||||
| Gross block | 43.97 | 4.43 | 4.17 | 3.95 | 3.85 | 3.83 |
| Net block | 40.61 | 2.05 | 2.18 | 2.37 | 2.56 | 2.89 |
| Capital work in progress | 11.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.24 | 0.23 | 0.23 | 0.00 | 0.10 | 0.10 |
| Inventories | 37.61 | 25.72 | 7.14 | 0.14 | 4.73 | 4.86 |
| Sundry debtors | 49.37 | 34.58 | 24.92 | 22.28 | 16.76 | 8.40 |
| Cash & bank balances | 0.44 | 0.36 | 0.46 | 0.31 | 0.45 | 0.13 |
| Loans & advances | 13.26 | 19.71 | 3.79 | 3.41 | 2.83 | 1.52 |
| Total current assets | 101 | 80.37 | 36.31 | 26.14 | 24.77 | 14.91 |
| Total current liabilities | 23.69 | 19.58 | 12.17 | 7.86 | 14.64 | 7.44 |
| Net working capital | 76.99 | 60.79 | 24.14 | 18.28 | 10.13 | 7.47 |
| Total assets | 131 | 64.83 | 26.58 | 20.48 | 12.77 | 10.56 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 0.36 | 0.46 | 0.31 | 0.45 | 0.13 | 0.33 |
| Net cash from operating activities | 4.59 | (24.17) | 3.81 | (0.28) | (0.36) | (1.64) |
| Net cash from investing activities | (52.35) | (1.92) | (0.59) | 0.15 | 0.05 | 0.55 |
| Net cash from financing activities | 47.85 | 25.98 | (3.07) | 0.00 | 0.63 | 0.89 |
| Net change in cash | 0.08 | (0.10) | 0.15 | (0.14) | 0.32 | (0.19) |
| Closing cash | 0.44 | 0.36 | 0.46 | 0.31 | 0.45 | 0.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +23.4% | +47.1% | +14.9% | +7.7% | +173.9% | - |
| EBITDA growth | +44.3% | +32.6% | +63.4% | +243.2% | +47.4% | - |
| PBT growth | +28.4% | +34.0% | +68.0% | +365.1% | +112.9% | +9997.0% |
| Net income growth | +26.4% | +30.5% | +68.3% | +374.3% | +118.0% | - |
| Revenue CAGR (3Y) | +27.8% | +22.1% | +50.3% | - | - | - |
| EBITDA CAGR (3Y) | +46.2% | +95.2% | +102.2% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +10.5% | +10.3% | +11.5% | +7.9% | +1.8% | +2.2% |
| Return on capital employed | - | +36.2% | +52.9% | +45.3% | +17.2% | +11.3% |
| Return on net worth | - | +34.5% | +66.9% | +84.6% | +37.1% | +20.5% |
| Debt / equity | - | 0.39 | 0.81 | 1.72 | 2.99 | 3.41 |
| Long-term debt / equity | - | 0.09 | 0.17 | 0.41 | 0.94 | 1.33 |
| Interest cover | 17.10 | 5.82 | 6.39 | 8.03 | 27.60 | 44.14 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 25.71 | 18.51 | 16.77 | 15.81 | 5.79 |
| Inventory turnover | - | 6.73 | 20.65 | 26.85 | 12.66 | 4.56 |
| Debtors turnover | - | 3.72 | 3.18 | 3.35 | 4.83 | 2.64 |
| EPS (₹) | 12.39 | 9.83 | 10.31 | 2,584.90 | 542.30 | 247.20 |
| Dividend per share (₹) | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 42.17 | 20.41 | 4,394.45 | 1,719.65 | 1,192.75 |
Similar companies to Winsol
Winsol has 3 listed similar companies in our database, 3 of them funded. They include Ampin Energy Transition, L&T IDPL and Everrenew.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ampin.energy | 2016 | Delhi, India | $448.28M | Developer of utility scale solar and wind power projects | ||
| lntidpl.com | 2001 | Chennai, India | $873.09M | Real estate and transmission infrastructure are developed by L&T IDPL. | ||
| everrenew.com | 2019 | Chennai, India | $3M | 417 | Everrenew is a renewable energy company that offers affordable and reliable wind power and solar power investment solutions |
Detailed similar companies of Winsol
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Winsol (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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Frequently Asked Questions about Winsol
Winsol was founded in 2015.
Winsol is headquartered in Jamnagar, India. It is registered at Jamnagar, Gujarat, India.
Ramesh Pindariya is the CEO of Winsol, as recorded in our data.
Winsol has 243 employees.
The primary company behind Winsol, Winsol Engineers Limited, reported revenue of ₹137 Cr for FY 2026, up 23% year on year.
Innovative wind power solutions are offered by Winsol Engineers Limited, focusing on sustainable energy development. Turnkey solutions in engineering, procurement, construction, and commissioning are provided, alongside operation and maintenance services. The company operates within the renewable energy sector, specifically targeting wind power projects. A presence is maintained across multiple states in India, contributing to cleaner energy initiatives. Expertise is applied to drive environmental progress and support a greener future through science-powered sustainability.
Winsol's top competitors include Ampin Energy Transition, L&T IDPL and Everrenew.
Winsol offers Wind Power Solutions and Turnkey Solutions.
Yes, Winsol is publicly traded on NSE under the ticker symbol WINSOL.
Winsol operates through Winsol Engineers Limited.
The legal entities of Winsol currently have 8 directors, including Ramesh Jivabhai Pindariya, Amri Ramesh Pindariya, Pratik Viralbhai Solani and others.
