Winsol

Jamnagar, India Founded: 2015 • Age: 11 yrs Listed
Sustainable wind power solutions are provided by Winsol.

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
  • Sectors
    Energy & Utilities
  • Phone
    •••• ••••
  • Website winsol.info
  • Social LinkedIn
  • Legal Name Winsol Engineers Limited
Key Metrics
  • 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 Count
    243

Products & Services of Winsol

Winsol offers a comprehensive portfolio of products and services, including Wind Power Solutions and Turnkey Solutions.

Wind Power Solutions
Renewable Energy

Innovative wind power solutions are provided for sustainability.

Turnkey Solutions
Engineering Services

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.

DirectorDesignationAppointedTenureEntity
Ramesh Jivabhai Pindariya
DIN 07322863
Managing Director30 Dec 201510 yrs 10 moWinsol Engineers Limited
Amri Ramesh Pindariya
DIN 07322896
Whole-time director30 Dec 201510 yrs 10 moWinsol Engineers Limited
Pindariya Kashmira
DIN 10342545
Director16 Nov 20232 yrs 11 moWinsol Engineers Limited
Prakash Kantilal Vora
DIN 07669472
Director03 Jan 20242 yrs 9 moWinsol Engineers Limited
Hariharan Venkiteshwaran Prasad
DIN 10423461
Director03 Jan 20242 yrs 9 moWinsol Engineers Limited
Kishor Jivabhai Pindariya
DIN 08331120
Director12 Jan 20242 yrs 9 moWinsol Engineers Limited
Niranjan Mishra
DIN 11755863
Additional Director03 Jun 20264 moWinsol Engineers Limited

People of Winsol

1 people are tracked at Winsol (1 in leadership); the tracked headcount is 243.

NameRoleGroup
CEO & Managing DirectorLeadership
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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 · Consolidated
Revenue
₹137 Cr
+22.6% YoY
EBITDA
₹24.54 Cr
+40.1% YoY
Profit After Tax
₹14.45 Cr
+22.5% YoY
Net Worth
₹63.88 Cr
+29.1% YoY
Total Assets
₹132 Cr
+99.4% YoY
Total Debt
₹68.23 Cr
+306.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue13711178.0565.39
Revenue growth+22.6%+42.8%+19.4%-
EBITDA24.5417.5213.317.79
EBITDA margin+18.0%+15.7%+17.1%+11.9%
Profit before tax20.1816.2012.206.93
Net profit14.4511.809.125.17
Net profit margin+10.6%+10.6%+11.7%+7.9%
EPS (₹)12.4810.2210.792,584.90
Balance sheet
Total assets13266.2627.5020.48
Net worth63.8849.4917.598.79
Total debt68.2316.779.9111.69
Cash & bank0.560.470.590.31
Net working capital78.3762.4525.2918.28
Cash flow
Cash from operations5.01(24.23)3.22(0.28)
Cash from investing(52.34)(1.92)(0.35)0.15
Cash from financing47.4326.03(2.58)0.00
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue13611175.1665.3960.7022.16
Revenue growth+23.4%+47.1%+14.9%+7.7%+173.9%-
EBITDA24.3616.8812.737.792.271.54
EBITDA margin+17.9%+15.3%+16.9%+11.9%+3.7%+7.0%
Profit before tax20.0315.6011.646.931.490.70
Net profit14.3511.358.705.171.090.50
Net profit margin+10.5%+10.3%+11.6%+7.9%+1.8%+2.3%
EPS (₹)12.399.8310.312,584.90542.30247.20
Balance sheet
Total assets13164.8326.5820.4812.7710.56
Net worth62.9448.6417.188.793.442.39
Total debt68.0316.199.4011.699.298.14
Cash & bank0.440.360.460.310.450.13
Net working capital76.9960.7924.1418.2810.137.47
Cash flow
Cash from operations4.59(24.17)3.81(0.28)(0.36)(1.64)
Cash from investing(52.35)(1.92)(0.59)0.150.050.55
Cash from financing47.8525.98(3.07)0.000.630.89
ParticularsMar 2024Dec 2023
Revenue23.2118.50
Other income0.000.00
Total expenses20.3614.50
EBITDA2.854.00
EBITDA margin+12.3%+21.6%
Depreciation0.100.10
Interest0.150.21
Profit before tax2.603.69
Tax0.700.92

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue13711178.0565.39
Revenue growth+22.6%+42.8%+19.4%-
Other income0.640.070.070.06
Total expenses11293.9064.7457.60
Employee cost0.009.767.775.61
EBITDA24.5417.5213.317.79
EBITDA margin+18.0%+15.7%+17.1%+11.9%
Depreciation0.970.390.370.32
Interest4.031.000.810.60
Profit before tax20.1816.2012.206.93
Tax5.774.403.111.76
Net profit14.4511.809.125.17
Net profit margin+10.6%+10.6%+11.7%+7.9%
EPS (₹)12.4810.2210.792,584.90
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital11.5411.548.420.02
Reserves & surplus52.3437.959.178.77
Shareholders' funds (net worth)63.8849.4917.598.79
Minority interest0.000.000.000.00
Secured loans63.8814.109.658.57
Unsecured loans4.352.670.263.12
Total debt68.2316.779.9111.69
Total liabilities13266.2627.5020.48
Assets
Gross block43.974.434.173.95
Net block40.612.052.182.37
Capital work in progress11.270.000.000.00
Investments0.000.000.000.00
Inventories37.7325.727.140.14
Sundry debtors50.1935.5826.4222.28
Cash & bank balances0.560.470.590.31
Loans & advances13.6820.564.493.41
Total current assets10282.3338.6426.14
Total current liabilities23.7919.8813.357.86
Net working capital78.3762.4525.2918.28
Total assets13266.2627.5020.48
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash0.470.590.310.45
Net cash from operating activities5.01(24.23)3.22(0.28)
Net cash from investing activities(52.34)(1.92)(0.35)0.15
Net cash from financing activities47.4326.03(2.58)0.00
Net change in cash0.10(0.12)0.28(0.14)
Closing cash0.560.470.590.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 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-0.400.821.33
Long-term debt / equity-0.090.170.31
Interest cover17.105.846.268.03
Efficiency & per share
Fixed asset turnover-25.9119.2216.55
Inventory turnover-6.7821.44467.07
Debtors turnover-3.593.212.93
EPS (₹)12.4810.2210.792,584.90
Dividend per share (₹)1.000.000.000.00
Book value per share (₹)0.0042.9020.894,394.45
ParticularsMar 2024Dec 2023
Revenue23.2118.50
Other income0.000.00
Total expenses20.3614.50
EBITDA2.854.00
EBITDA margin+12.3%+21.6%
Depreciation0.100.10
Interest0.150.21
Profit before tax2.603.69
Tax0.700.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue13611175.1665.3960.7022.16
Revenue growth+23.4%+47.1%+14.9%+7.7%+173.9%-
Other income0.640.070.070.060.100.08
Total expenses11293.6962.4357.6058.4320.62
Employee cost0.009.667.645.613.673.20
EBITDA24.3616.8812.737.792.271.54
EBITDA margin+17.9%+15.3%+16.9%+11.9%+3.7%+7.0%
Depreciation0.970.390.370.320.350.43
Interest4.000.960.790.600.530.49
Profit before tax20.0315.6011.646.931.490.70
Tax5.724.252.971.760.400.21
Net profit14.3511.358.705.171.090.50
Net profit margin+10.5%+10.3%+11.6%+7.9%+1.8%+2.3%
EPS (₹)12.399.8310.312,584.90542.30247.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital11.5411.548.420.020.020.02
Reserves & surplus51.4037.108.768.773.422.37
Shareholders' funds (net worth)62.9448.6417.188.793.442.39
Secured loans63.6813.619.246.205.154.91
Unsecured loans4.352.580.165.494.143.23
Total debt68.0316.199.4011.699.298.14
Total liabilities13164.8326.5820.4812.7710.56
Assets
Gross block43.974.434.173.953.853.83
Net block40.612.052.182.372.562.89
Capital work in progress11.270.000.000.000.000.00
Investments0.240.230.230.000.100.10
Inventories37.6125.727.140.144.734.86
Sundry debtors49.3734.5824.9222.2816.768.40
Cash & bank balances0.440.360.460.310.450.13
Loans & advances13.2619.713.793.412.831.52
Total current assets10180.3736.3126.1424.7714.91
Total current liabilities23.6919.5812.177.8614.647.44
Net working capital76.9960.7924.1418.2810.137.47
Total assets13164.8326.5820.4812.7710.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash0.360.460.310.450.130.33
Net cash from operating activities4.59(24.17)3.81(0.28)(0.36)(1.64)
Net cash from investing activities(52.35)(1.92)(0.59)0.150.050.55
Net cash from financing activities47.8525.98(3.07)0.000.630.89
Net change in cash0.08(0.10)0.15(0.14)0.32(0.19)
Closing cash0.440.360.460.310.450.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-0.390.811.722.993.41
Long-term debt / equity-0.090.170.410.941.33
Interest cover17.105.826.398.0327.6044.14
Efficiency & per share
Fixed asset turnover-25.7118.5116.7715.815.79
Inventory turnover-6.7320.6526.8512.664.56
Debtors turnover-3.723.183.354.832.64
EPS (₹)12.399.8310.312,584.90542.30247.20
Dividend per share (₹)1.000.000.000.000.000.00
Book value per share (₹)0.0042.1720.414,394.451,719.651,192.75

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 NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
ampin.energy2016Delhi, India$448.28M
Developer of utility scale solar and wind power projects
lntidpl.com2001Chennai, India$873.09M
Real estate and transmission infrastructure are developed by L&T IDPL.
everrenew.com2019Chennai, India$3M417
Everrenew is a renewable energy company that offers affordable and reliable wind power and solar power investment solutions
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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.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Hybrid renewable energy solutions are provided for rural communities.
2008Patna, Bihar, IndiaUSD 73.99 MUSD 3.46 M294
Solar energy projects are developed for commercial and industrial clients.
2011Mumbai, Maharashtra, IndiaUSD 442.67 MUSD 166.51 M365
Manufacturer of solar PV modules
1990Mumbai, Maharashtra, IndiaUSD 111.38 MUSD 2.77 B8,690
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Related news about Winsol

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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.

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