Winsol Engineers Limited - energy in Jamnagar, Gujarat, India. FY 2026 financials & compliance.
CIN L40100GJ2015PLC085516 Incorporated 30 December 2015 ROC Ahmedabad HQ Jamnagar, Gujarat, India
Active Listed - NSE: WINSOL Public Limited Company energy MSME · Medium
Data last updated
Market Cap
₹121 Cr
WINSOL-SM · NSE
Share Price
₹102.95
-1.95% 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)
8.2x
P/B 1.8x
Authorised capital
₹17.5 Cr
Registered with MCA
Paid-up capital
₹11.54 Cr
Issued & subscribed

About Winsol Engineers Limited

Data last updated:

Winsol Engineers Limited is a public limited company based in Jamnagar, Gujarat, India. It operates in the transmission and distribution segment of the energy sector. It was incorporated on 30 December 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L40100GJ2015PLC085516. Its GSTIN is 24AABCW7497F1Z0 (Gujarat). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on NSE: WINSOL.

The company has an authorised share capital of ₹17.5 Cr and a paid-up capital of ₹11.54 Cr. It is led by directors including Ramesh Jivabhai Pindariya (Managing Director) and Amri Ramesh Pindariya (Whole-Time Director).

Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Shop No. 301 Madhav Commercial Complex Near Crystal Mall Khodiyar Colony, Jamnagar, Gujarat, India – 361006.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹136.57 Cr, a growth of 22.6% compared to the previous year. For the same year it recorded a net profit of ₹14.45 Cr (net margin 10.6%) and EBITDA of ₹24.54 Cr (EBITDA margin 18%). The net worth stands at ₹63.88 Cr (up 29.1% YoY). Total assets are valued at ₹132.11 Cr (up 99.4% YoY).

The company has about 243 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Winsol. As per MCA filings, the company has open charges of ₹82.95 Cr and satisfied charges of ₹4.4 Cr on record. Court records list 4 cases involving the company, including 4 filed against it. The company has 3 deals on record (1 ipo, 1 secondary share transfer, 1 rights issue); the latest was in May 2024. Its 4 peer companies in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 1 larger and 3 smaller; the largest is Ravc Solutions Private Limited with revenue of ₹113.31 Cr.

Winsol Engineers Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-10-0000509). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website winsol.info.

Company details

CIN L40100GJ2015PLC085516
Registration Number 085516
Incorporation Date 30 December 2015
ROC Ahmedabad
Listing Status Listed (NSE: WINSOL)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-10-0000509

CIN history

Winsol Engineers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L40100GJ2015PLC085516, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L40100GJ2015PLC085516Current
U40100GJ2015PLC085516Previous
U40100GJ2015PTC085516Previous

Recognitions & Rankings of Winsol Engineers

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-10-0000509

Contact details

Winsol Engineers Limited's registered office is in Jamnagar, Gujarat.

  • Registered Address
    Shop No. 301 Madhav Commercial Complex Near Crystal Mall Khodiyar Colony, Jamnagar, Gujarat, India – 361006
  • Industry
    Energy, Transmission And Distribution, Electric Power Generation
Comprehensive company report
Winsol Engineers Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Winsol Engineers operates one associated brand: Winsol. Each brand links to its own profile.

BrandDescriptionWebsite
Sustainable wind power solutions are provided by Winsol.winsol.info

Business activity

The main business activity of Winsol Engineers is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
DElectricity, gas, steam and air condition supplyD1Electric power generation, transmission and distribution

To see the full business activity and turnover split of Winsol Engineers Limited, buy the company report.

Financials of Winsol Engineers Limited

FY 2025-26 filings available

Winsol Engineers Limited reported revenue of ₹136.57 Cr (up 22.6% YoY) for FY 2025-26.

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 23 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

To see the full year-wise statements and ratios of Winsol Engineers Limited, buy the company report.

Board of directors of Winsol Engineers Limited

Winsol Engineers has 7 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ramesh Jivabhai PindariyaManaging Director30 Dec 201510 Years 9 MonthsCurrent
Amri Ramesh PindariyaWhole-Time Director30 Dec 201510 Years 9 MonthsCurrent
Prakash Kantilal VoraDirector03 Jan 20242 Years 9 MonthsCurrent
Hariharan Venkiteshwaran PrasadDirector03 Jan 20242 Years 9 MonthsCurrent
Kishor Jivabhai PindariyaDirector12 Jan 20242 Years 9 MonthsCurrent
Pindariya KashmiraDirector16 Nov 20232 Years 11 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Winsol Engineers Limited is compared with the 4 companies closest to it by revenue in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Winsol Engineers Limitedthis company₹136.57 Cr (FY 2026)₹14.45 Cr10.6%22.6%Jamnagar, Gujarat, India
Ravc Solutions Private Limited₹113.31 Cr (FY 2025)366.0%Lucknow, Uttar Pradesh, India
Renew Wind Energy (Jamb) Private Limited₹110.4 Cr (FY 2025)-40.0%New Delhi, Delhi, India
First Energy Private Limited₹109.8 Cr (FY 2025)21.0%Pune, Maharashtra, India
Alfanar Power Private Limited₹109.68 Cr (FY 2025)-73.0%Gurugram, Haryana, India

To see the full peer comparison of Winsol Engineers Limited, buy the company report.

Charges & borrowings

Open charges
₹82.95 Cr
Satisfied charges
₹4.4 Cr
Breakdown by lending institutions
Others₹40.18 Cr
Hdfc Bank Limited₹37.64 Cr
Sidbi₹5.00 Cr
State Bank of India₹0.14 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Jul 2026101353812Others₹2.69 CrOpen
22 Jul 2026101361439Hdfc Bank Limited₹4.14 CrOpen
10 Oct 2025101177626Others₹12.5 CrOpen
07 Aug 2025101147751Sidbi₹5 CrOpen
30 Apr 2025101087964Hdfc Bank Limited₹33.5 CrOpen

To see the full charge records of Winsol Engineers Limited, buy the company report.

Total charge records: 12 View all charges

Deals & funding

Winsol Engineers Limited has 3 deals on record (1 ipo, 1 secondary share transfer, 1 rights issue); the latest was in May 2024.

Total deals
3
IPO
1
Secondary share transfer
1
Rights issue
1

Deals on record (3 of 3)

WhenDealAmountParties
May 2024IPO₹23.36 CrInvestors: IPO Shareholders - WinSol Engineers Limited, Minerva Ventures Fund, Spread X Securities Private Limited
Nov 2023Secondary share transferUndisclosedBuyer: 4 individuals
Seller: an individual
Jun 2019Rights issue₹1 CrInvestors: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Winsol Engineers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Winsol Engineers has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AABCW7497F1Z0GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Winsol Engineers Limited, buy the company report.

Recent activity

Winsol Engineers Limited has 13 board changes on record since 2015: 7 appointments and 6 cessations. The latest: Niranjan Mishra was appointed as Additional Director on 03 Jun 2026.

Charges
A charge with Others amounted to Rs. 2.69 Cr with Charge ID 101353812 was registered on 27 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 4.14 Cr with Charge ID 101361439 was registered on 22 Jul 2026.
Appointed
Niranjan Mishra was appointed as Additional Director.
Filing
Winsol Engineers Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 33.50 Cr registered on 30 Apr 2025 with Charge ID 101087964 was modified on 18 Oct 2025.
Charges
A charge with Others amounted to Rs. 12.50 Cr with Charge ID 101177626 was registered on 10 Oct 2025.
AGM
Winsol Engineers Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Sidbi amounted to Rs. 5.00 Cr with Charge ID 101147751 was registered on 07 Aug 2025.
Charges
A charge with Others of Rs. 21.45 Cr registered on 16 Jan 2020 with Charge ID 100316416 was modified on 03 May 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 33.50 Cr with Charge ID 101087964 was registered on 30 Apr 2025.
Appointed
Kishor Jivabhai Pindariya was appointed as Director.
Ceased
Hariharan Venkiteshwaran Prasad ceased to be Additional Director.

21 earlier events are in the company report.

Frequently asked questions

Winsol Engineers is an active public limited company based in Jamnagar, Gujarat, India. The company works in transmission and distribution, within the energy industry. It was incorporated on 30 December 2015 (11+ years old) and is registered under CIN L40100GJ2015PLC085516. Listed on NSE: WINSOL.

Winsol Engineers reported revenue of ₹136.57 Cr for FY 2025-26 (up 22.6% YoY) based on consolidated financials.

Winsol Engineers has 7 current directors:

The latest financial statements of Winsol Engineers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2016 are in the company report.

The GSTIN of Winsol Engineers is 24AABCW7497F1Z0, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Winsol Engineers is L40100GJ2015PLC085516. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Winsol Engineers is a listed company as per MCA records. Its shares are listed on NSE (symbol: WINSOL).

Winsol Engineers has 4 court cases on record: 4 filed against it.

Winsol Engineers was incorporated on 30 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Winsol Engineers has 3 deals on record (1 ipo, 1 secondary share transfer, 1 rights issue); the latest was in May 2024.

The peers of Winsol Engineers by revenue are Ravc Solutions Private Limited, Renew Wind Energy (Jamb) Private Limited, First Energy Private Limited, Alfanar Power Private Limited, all in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution).