Gensol Engineer. share price & results

Gensol Engineer.· Capital Goods· Industrials

Results to: Dec 2024
Latest analysed call: Q3 FY25
Ownership as of: Mar 2025

India-based renewable-energy EPC firm building solar (turnkey/BOS), solar trackers and BESS projects, alongside an EV-leasing (Let'sEV) and EV-manufacturing (Ezio/Ezibot) arm.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	345 ₹ crore	+56.8% YoY	Quarterly, as filed	Quarter to Dec 2024	Revenue from operations as filed.
Operating margin	20.0 %	−9.0 pts YoY	Operating profit / revenue	Quarter to Dec 2024	For the quarter; a change is in percentage points.
Net profit	18.0 ₹ crore	+50.0% YoY	Quarterly, as filed	Quarter to Dec 2024	Profit after tax as filed.
Return on equity	Unavailable	+4.0 ptsFY Mar 2024 vs FY Mar 2023	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.
Free cash flow margin	Unavailable	+21.5 ptsFY Mar 2024 vs FY Mar 2023	Fiscal year	FY · period unavailable	Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)	Unavailable	−6.8 ptsFY Mar 2024 vs FY Mar 2023	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Dec 2024

Guidance

What management said, and what became of it

5 targets tracked, none judged yet · 5 open · verdicts reflect calls analysed to Q3 FY25.

Gensol Engineer. management guidance track record on Inve: 5 targets tracked across analysed earnings calls (0 achieved, 0 missed, 5 open).

Target	Original wording	Said	Latest call	Verdict
FY25 Revenue	around INR 2,000 crores Call transcript, Q3 FY25 · 13 Feb 2025	Q3 FY25	Q3 FY25:9M revenue is INR 1,056 crores. Management admitted they are 'very much behind' and will not be able to catch up entirely. Call transcript, Q3 FY25 · 13 Feb 2025	At Risk
Q4 FY25 EBITDA Margin	better than previous quarter Call transcript, Q3 FY25 · 13 Feb 2025	Q3 FY25	Q3 FY25:Management guided for better margins in Q4 due to execution of more turnkey projects. Call transcript, Q3 FY25 · 13 Feb 2025	New

Source: Inve Guidance Tracker for Gensol Engineer. · to Q3 FY25

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of Gensol Engineer.'s 5 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 3 more targets are in the full ledger.

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Price

₹10.49 −1.22% · −₹0.13

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −70.5% 1Y

1Y: ₹35.58 on 20 Oct 2025 → ₹10.49. High ₹35.58 (20 Oct 2025), low ₹9.68 (13 Oct 2026).

Previous close: ₹10.62
Market cap: ₹50 Cr
52-week range: ₹9.68 – ₹33.8
One year: −68.96%

Overview

Symbol: NSE:GENSOL
Sector: Capital Goods
Industry: Industrials
Exchange: NSE
Currency: INR

What Gensol Engineer. does

Based on the company's own presentations, annual report and earnings calls.

Gensol Engineering designs, engineers and executes solar power projects (ground-mounted, rooftop and floating) on a turnkey and Balance-of-System (BOS) basis for utilities, PSUs and industrial customers across India, and has extended into Battery Energy Storage System (BESS) project execution. Through its Scorpius Trackers subsidiary it makes single-axis solar tracker systems with patented controllers and software. Separately, it runs a 100% EV-focused leasing and fleet-management business branded Let'sEV, and is building its own electric vehicles (the Ezio urban-mobility and Ezibot cargo models) at a manufacturing plant in Chakan, Pune.

Segments

Solar EPC
Solar Trackers
BESS
EV Leasing
EV Manufacturing

Solar EPC portfolio executed (ground-mounted/rooftop/floating): 770 MW+
Historical technical advisory services footprint: 33,693 MW+
EV manufacturing plant capacity (Chakan, Pune): 30,000 units/yr
EVs on lease: 8,300+
EV leasing city coverage: 53 cities
OEMs in EV leasing portfolio: 14 major OEMs

Founded 2012Headquarters Ahmedabad, Gujarat, IndiaEmployees 650 (Dec 2024) Company website

Guidance

What management said, and what became of it

5 targets tracked, none judged yet · 5 open · verdicts reflect calls analysed to Q3 FY25.

Gensol Engineer. management guidance track record on Inve: 5 targets tracked across analysed earnings calls (0 achieved, 0 missed, 5 open).

Target	Original wording	Said	Latest call	Verdict
FY25 Revenue	around INR 2,000 crores Call transcript, Q3 FY25 · 13 Feb 2025	Q3 FY25	Q3 FY25:9M revenue is INR 1,056 crores. Management admitted they are 'very much behind' and will not be able to catch up entirely. Call transcript, Q3 FY25 · 13 Feb 2025	At Risk
Q4 FY25 EBITDA Margin	better than previous quarter Call transcript, Q3 FY25 · 13 Feb 2025	Q3 FY25	Q3 FY25:Management guided for better margins in Q4 due to execution of more turnkey projects. Call transcript, Q3 FY25 · 13 Feb 2025	New

Source: Inve Guidance Tracker for Gensol Engineer. · to Q3 FY25

The full ledger

Open Gensol Engineer.’s full ledger

A free account opens 5 company ledgers a month. All 5 tracked commitments, with each call’s wording and source.

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Fundamentals

Ratios, each with its period

Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2019 to Mar 2024).

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
— — — — — —

How it is calculated. Market capitalisation from the current stock record.

Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
—	—	—	—	—	—

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside the supported range. FY uses the reported fiscal period; TTM the latest twelve months; valuations use the current market cap with the chosen earnings period. Screen Indian stocks on these ratios →

Financials

What the filings say

Net profit, year on year: +50% (quarter to dec 2024 against dec 2023).

In ₹ crore. Oldest period first.

Line item	Mar 2023	Jun 2023	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024
Sales	164	145	305	220	399	362	346	345
Expenses	135	108	258	157	320	287	240	275
Operating profit	29	37	47	63	79	75	107	69
Operating margin	18.0%	25.0%	15.0%	29.0%	20.0%	21.0%	31.0%	20.0%
Other income	3	0	0	7	1	1	0	1
Interest	12	10	15	32	27	36	76	47
Depreciation	10	13	0	20	24	2	6	7
Profit before tax	11	14	32	17	29	38	25	16
Tax rate	30.0%	31.0%	44.0%	31.0%	31.0%	31.0%	8.0%	−12.0%
Net profit	7	10	18	12	20	27	23	18
EPS (₹ per share)	1.99	2.79	4.83	3.37	6.41	8.45	7.73	4.45

Source: Inve data · income statement, quarterly · to Dec 2024

In ₹ crore. Oldest period first.

Line item	Mar 2023	Mar 2024
Sales	398	1,069
Expenses	321	843
Operating profit	76	226
Other income	5	8
Interest	24	84
Depreciation	26	57
Profit before tax	34	92
Net profit	23	60

Source: Inve data · income statement, annual · to Mar 2024

In ₹ crore. Oldest period first.

Line item	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sept 2024
Equity capital	8	8	11	12	38	38
Reserves	25	28	36	195	288	551
Borrowings	11	11	82	598	1,510	1,372
Other liabilities	30	23	79	261	489	591
Total liabilities	74	70	208	1,066	2,324	2,552
Fixed assets	8	7	55	293	723	257
Capital work in progress	0	0	0	41	88	171
Investments	0	0	0	7	7	7
Other assets	66	63	152	725	1,506	2,117
Total assets	74	70	208	1,066	2,324	2,552

Source: Inve data · balance sheet · to Sept 2024

In ₹ crore. Oldest period first.

Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from operations	3	-18	6	-50	115	-98
Cash from investing	-8	0	-1	-60	-706	-668
Cash from financing	6	20	-4	109	709	859
Net cash flow	1	2	1	-1	118	93
Free cash flow	-5	-18	6	-101	-324	-577

Source: Inve data · cash flow · to Mar 2024

In days and %. Oldest period first.

Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor days	97	117	102	80	67	86
Inventory days	0	0	130	221	15	9
Days payable	—	—	79	46	47	64
Cash conversion cycle	97	117	152	255	34	32
Working capital days	36	124	146	132	-9	-32
Return on capital employed	68.0%	16.0%	12.0%	23.0%	12.0%	14.0%
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Source: Inve data · annual ratios · to Mar 2024

Where revenue comes from

The businesses behind the company’s reported revenue.

Reporting basis Reporting period

Historical breakdown. Showing quarter ended 31 Dec 2024; this may not reflect the current business mix.

Solar EPC contributes 73.8% of reported segment revenue.

Quarter ended 31 Dec 2024 · Consolidated

Solar EPC 73.8%

₹255.85 crore
Lease 26.1%

₹90.53 crore
others <0.1%

₹0.17 crore
EV Manufacturing 0.0%

₹0.00 crore

Reported business segments for quarter ended 31 Dec 2024
Business segment	Revenue · ₹ crore	Share
Solar EPC	255.85	73.8%
Lease	90.53	26.1%
others	0.17	<0.1%
EV Manufacturing	0.00	0.0%

Share = segment revenue ÷ total segment revenue, before intersegment adjustments.

How these numbers add up

Total segment revenue: ₹346.55 crore
Intersegment adjustment: ₹2.04 crore
Net segment revenue: ₹344.51 crore

Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.

Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.

How the mix has moved

Each segment’s share of reported revenue, quarter by quarter.

GENSOL revenue by business segment, share of consolidated revenue by quarter
Segment	Jun 2023	Sep 2023	Jun 2024	Sep 2024	Dec 2024	YoY growth latest quarter
Solar EPC	—	—	83%	75%	74%	—
Lease	—	16%	17%	25%	26%	—
others	—	—	<1%	—	<1%	—
EV Manufacturing	—	—	0%	—	0%	—

Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.

See how segments are shifting across companies → Segment Shift

Ownership

Who owns it

Public hold 57.75% as of Mar 2025; institutions added 4.39 pts since Dec 2024.

Promoters −26.78 pts 35.88%
Foreign institutions +4.25 pts 4.88%
Domestic institutions +0.14 pts 0.14%
Government −0.02 pts 1.35%
Public +22.41 pts 57.75%

1,07,447 shareholders on the register.

Source: Exchange shareholding filings · to Mar 2025 · 8 filings held

Who was buying across the market this quarter

Who bought this quarter

since Dec 2024

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

newly disclosed 2.96% held
newly disclosed 2.36% held
FPI fund newly disclosed 1.58% held
Corporate newly disclosed 1.51% held
newly disclosed 1.51% held
FPI fund newly disclosed 1.48% held
newly disclosed 1.42% held
newly disclosed 1.18% held

The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Mar 2025 filing

Every holder of Gensol Engineer. above SEBI's 1% disclosure line, and what changed since Dec 2024.

Holder	Stake	Change
	12.32%	−8.88 pp
	11.94%	−11.12 pp
	10.47%	−7.92 pp
	2.96%	newly disclosed
	2.36%	newly disclosed
FPI fund	1.58%	newly disclosed
Corporate	1.51%	newly disclosed
	1.51%	newly disclosed
FPI fund	1.48%	newly disclosed
	1.42%	newly disclosed
	1.35%	unchanged
	1.18%	newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

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Gensol Engineer. share price & results

The figures, each with its period

What management said, and what became of it

Performance −70.5% 1Y

What Gensol Engineer. does

What management said, and what became of it

Open Gensol Engineer.’s full ledger

Q3 FY25 — 13 Feb 2025

Gensol Engineer. earnings calls (GENSOL)

Ratios, each with its period

What the filings say

Where revenue comes from

How the mix has moved

What the price assumes

Who owns it

Who bought this quarter

Who is on the register

Start an Inve Case for Gensol Engineer.

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