WINSOL
Winsol Engineers financials
- Market cap
- ₹132 Cr
- Sector
- Construction
What Winsol Engineers Ltd does
Winsol Engineers is an integrated engineering, procurement, construction and commissioning (EPC) company offering Balance of Plant solutions to wind and solar power generation companies. Its core services span foundation work, substation civil and electrical work, right-of-way services, and cabling to substation/grid, along with post-commissioning Operation and Maintenance (O&M) services for plant handling and monitoring. In FY24 it acquired Repower Infrastructure Private Limited as a wholly owned subsidiary, extending into construction of foundations for MW-class wind turbines, turnkey civil-to-power-feed contracts, and road/culvert/crane-pad and warehouse infrastructure for wind and solar sites.
Segments
- BoP Solutions - Wind
- BoP Solutions - Solar
- Operation & Maintenance (O&M)
- Repower Infrastructure (subsidiary)
- Core BoP service lines
- 5 (foundation, substation civil & electrical, right-of-way, cabling, O&M)
- Quality certifications
- ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
- Wholly owned subsidiaries
- 1 (Repower Infrastructure Pvt Ltd)
- Power segments served
- Wind and Solar
Quarterly results
Q4 FY26: revenue up 66.7%, net profit up 40.0% against the same quarter last year.
| Line item | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 28 | 33 | 42 | 42 | 69 +146% | 66 +100% | 70 +67% |
| EBITDA | 3 | 6 | 7 | 9 | 8 +167% | 11 +83% | 13 +86% |
| Net profit | 2 | 4 | 5 | 6 | 5 +150% | 7 +75% | 7 +40% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −43.2% 1Y
1Y: ₹201.05 on 10 Sept 2025 → ₹114.25. High ₹201.65 (11 Sept 2025), low ₹95.9 (30 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹8 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹2 Cr | ₹3 Cr | ₹9 Cr | ₹9 Cr | ₹44 Cr | ₹51 Cr |
| Borrowings | ₹8 Cr | ₹9 Cr | ₹12 Cr | ₹9 Cr | ₹30 Cr | ₹68 Cr |
| Other liabilities | ₹8 Cr | ₹15 Cr | ₹8 Cr | ₹12 Cr | ₹27 Cr | ₹25 Cr |
| Total liabilities | ₹18 Cr | ₹28 Cr | ₹29 Cr | ₹39 Cr | ₹113 Cr | ₹156 Cr |
| Fixed assets | ₹3 Cr | ₹3 Cr | ₹2 Cr | ₹2 Cr | ₹19 Cr | ₹41 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹11 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹15 Cr | ₹25 Cr | ₹26 Cr | ₹37 Cr | ₹94 Cr | ₹104 Cr |
| Total assets | ₹18 Cr | ₹28 Cr | ₹29 Cr | ₹39 Cr | ₹113 Cr | ₹156 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters added +0.27 pp while the public trimmed −0.24 pp. The shareholder count shrank 4% to 1,808.
- Promoters
- 73.7%
- FIIs
- 0.0%
- Public
- 26.3%
Since Mar 2025
- Promoters +0.27 pp
- Public −0.24 pp
- FIIs −0.03 pp
How it drifted, 4 quarters
Ownership split by quarter, oldest first. Sep '24: Promoters 73.0%, FIIs 0.7%, Public 26.3%.Mar '25: Promoters 73.5%, FIIs 0.0%, Public 26.5%.Sep '25: Promoters 73.5%, FIIs 0.0%, Public 26.5%.Mar '26: Promoters 73.7%, FIIs 0.0%, Public 26.3%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Anil Kumar Khetawat newly disclosed 1.20% held
- Ramesh Jivabhai Pindariya +0.27 pp 55.46% held
- tAlunova Profiles Private Limited newly disclosed 0.00% held
- tGojiya Mulubhai Masaribhai newly disclosed 0.00% held
- tR N Chavda newly disclosed 0.00% held
- tMaliben Meraman Ambaliya newly disclosed 0.00% held
- tLookers Autolink Private Limited newly disclosed 0.00% held
- tAvnitha Organics Private Limited newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Winsol Engineers Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Ramesh Jivabhai Pindariya | 55.46% | +0.27 pp |
| Amri Ramesh Pindariya | 7.23% | unchanged |
| Kishor Jivabhai Pindariya | 3.65% | unchanged |
| Kashish Ramesh Pindariya | 3.65% | unchanged |
| Pindariya Kashmira | 3.65% | unchanged |
| Anil Kumar Khetawat | 1.20% | newly disclosed |
| Jyotsna Pindariya | 0.04% | unchanged |
| Bhiniben Bhatu | 0.04% | unchanged |
| Chavda Maheshkumar Rambhai | 0.02% | unchanged |
| Repower Infrastructure Private Limited | 0.00% | unchanged |
| Vrundavan Petroleum | 0.00% | unchanged |
| Paawan Petroleum | 0.00% | unchanged |
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.
Learn to analyse Winsol Engineers Ltd
Guides on how to read this kind of business and the numbers that matter.