Green energy stock jumps over 4% after receiving order for supply of transmission line material

A micro-cap renewable energy company has secured a Rs.2.52 crore order from BA Prerna Renewables Private Limited for supplying 220kV EHV transmission line material. This contract strengthens its position in the renewable energy sector and is expected to contribute to its growth momentum.

Share Price Movement 

During Thursday’s trading session, Winsol Engineers Ltd’s share price hit an intraday high of Rs.186.60 apiece, rising 4.5 percent from the previous close of Rs.183.30 apiece. The share has pulled back, ultimately closing at Rs.178.40 per share.

What Happened

Winsol Engineers Ltd has announced the receipt of a new purchase order from BA Prerna Renewables Private Limited, dated March 25, 2025. The order, valued at approximately Rs. 2,52,28,223, exclusive of GST, is for the supply of 220kV EHV Transmission Line Material.

This order has been awarded by BA Prerna Renewables Private Limited, a domestic entity. Payment will be made as per the terms and conditions outlined in the agreement. This contract marks a significant development for the Company, further solidifying its role in the renewable energy sector.

Core Services

The company offers comprehensive engineering, procurement, construction, and commissioning services for renewable energy projects. It specializes in foundation work, substation civil and electrical services, and right-of-way solutions.

Global Expansion

Winsol Engineers has incorporated a new foreign subsidiary, Winsol Engineers Zambia Limited, in Lusaka, Zambia. This subsidiary will primarily focus on electric power generation, transmission, and distribution, as well as the manufacturing of electric motors, generators, transformers, and electricity distribution and control apparatus. 

Additionally, it will engage in the retail sale of hardware, paints, and glass. The subsidiary’s nominal share capital is K 20,000, consisting of 20,000 shares valued at 1 Zambian Kwacha each.  

Also read: Block Deal: Fintech stock jumps 3% after ₹611 Cr worth of shares changed hands

Financial Overview

According to its recent financial updates, Winsol Engineers Ltd reported consolidated revenue of Rs.42 crores in H1 FY25, marking a 27 percent increase from Rs.33 crores in H1  FY24. Similarly, the company saw a 50 percent increase in net profit to Rs.6 crores, compared to Rs.4 crores in the same period. 

Ratio Analysis

The company has a Return on Capital Employed (ROCE) of 28.54 percent and a Return on Equity (ROE) of 25.02 percent. Its Price-to-Earnings (P/E) ratio stands at 24.02, lower than the industry average of 34.6. Furthermore, the company maintains a solid current ratio of 5.41, a debt-to-equity ratio of 0.23, and an Earnings Per Share (EPS) of Rs.7.55. 

Business Overview

Founded in December 2015 and headquartered in Jamnagar, Gujarat, Winsol Engineers Limited is a fast-growing company that specializes in delivering integrated engineering, procurement, construction, and commissioning services. The company primarily focuses on providing Balance of Plant (BoP) solutions for renewable energy sectors, particularly solar and wind power generation.

Written by – Siddesh S Raskar

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Green energy stock jumps over 4% after receiving order for supply of transmission line material appeared first on Trade Brains.