New Risk • Mar 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Interest payments are not well covered by earnings (2.6x net interest cover). Market cap is less than US$10m (₹833.9m market cap, or US$8.90m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). New Risk • Mar 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹877.7m (US$9.51m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Interest payments are not well covered by earnings (2.6x net interest cover). Market cap is less than US$10m (₹877.7m market cap, or US$9.51m). New Risk • Feb 12
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risk Market cap is less than US$100m (₹1.08b market cap, or US$11.9m). New Risk • Jan 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹898.1m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Market cap is less than US$10m (₹898.1m market cap, or US$9.94m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹46.02, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 20x in the Construction industry in India. Total loss to shareholders of 95% over the past year. New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (₹1.46b market cap, or US$16.5m). Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹48.98, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 23x in the Construction industry in India. Total loss to shareholders of 95% over the past year. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹53.95, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 20x in the Construction industry in India. Total loss to shareholders of 94% over the past year. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹90.16, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 21x in the Construction industry in India. Total loss to shareholders of 90% over the past year. Board Change • Apr 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Harsh Singh was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 19
Gensol Engineering Announces Board Resignations Gensol Engineering announced the spate of resignations continued at company as two independent directors, Harsh Singh and Kuljit Singh Popli, stepped down from their positions. This came a day after promoters Anmol Singh Jaggi and Puneet Singh Jaggi offered to step down. Announcement • Apr 17
Gensol Engineering Limited Announces Resignation of Arun Menon as the Independent Director, Effective April 15, 2025 Gensol Engineering announced that Arun Menon has tendered his resignation as the Independent Director of the Company, with immediate effect from April 15, 2025. Consequently, He shall also cease to be a Member of the various Committee of the Company. Arun Menon in his letter has sighted higher debt position as the reason for the resignation. Arun Menon in his letter said that " there was growing concern on the leveraging of Gensol Engineering balance sheet to fund the capex of other business's. and the sustainability of servicing such high debt costs by Gensol Engineering". Menon added that since he felt that he was adding limited value to the Company, he had expressed last year to put in his resignation, but was told to hold on till the IPO of Matrix is successfully concluded. Menon added that his present employment, where the parent is a PE firm, also restricts him from taking up Independent Directors role in companies. Referring to the aforesaid reasons, Menon said that he would like to tender my resignation from his role as Independent Director in Gensol Engineering with immediate effect. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹133, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 20x in the Construction industry in India. Total loss to shareholders of 86% over the past year. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹204, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 20x in the Construction industry in India. Total loss to shareholders of 78% over the past year. New Risk • Mar 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.56b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Significant insider selling over the past 3 months (₹115m sold). Market cap is less than US$100m (₹8.56b market cap, or US$99.9m). Announcement • Mar 13
Gensol Engineering Limited Approves Resignation of Rajesh Jain from Post of Independent Director (Non-Executive) Gensol Engineering Limited at its board meeting held on March 13, 2025, approved resignation of Mr. Rajesh Jain from post of Independent Director (Non-Executive) of the company. With effect from close of business hours on March 13, 2025. Announcement • Mar 07
Gensol Engineering Limited Announces Chief Financial Officer Changes Gensol Engineering Limited informed that the Board in its meeting held on March 06, 2025 has appointed Mr. Jabirmahendi Mohammedraza Aga as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from March 07, 2025. Mr. Ankit Jain, Chief Financial Officer and Key Managerial Personnel has resigned from the services of the Company. His last date with the Company would be March 06, 2025. Reason for change: Due to personal reasons and towards pursuing other avenues in my professional career. Mr. Jabirmahendi Mohammedraza Aga is an accomplished and results-driven leader with over 14 years of experience in financial leadership, known for an exceptional ability to drive strategic financial planning and growth, he has consistently played a key role in optimizing financial operations, and leading high-performance teams to achieve business objectives within Gensol Group. In his career he has played a crucial role in navigating complex regulatory environments, corporate governance, and establishing financial frameworks that support long-term organizational sustainability. Currently, He is playing a key role within Gensol Group with demonstrated expertise in corporate finance, risk management, investor relations, and financial reporting, with a proven track record of enhancing profitability and shareholder value. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ₹413, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 19x in the Construction industry in India. Total loss to shareholders of 60% over the past year. Announcement • Feb 25
An undisclosed buyer signed a letter of intent to acquire Scorpius Trackers Inc. from Gensol Engineering Limited (BSE:542851) for INR 3.5 billion. An undisclosed buyer signed a letter of intent to acquire Scorpius Trackers Inc. from Gensol Engineering Limited (BSE:542851) for INR 3.5 billion on February 25, 2025. The acquisition includes the transfer of exclusive and global Intellectual Property rights, excluding Scorpius Trackers Pvt. Ltd., India, which will remain as a wholly owned subsidiary of Gensol Engineering Limited.
The transaction is subject to consummation of due diligence investigation and subject to statutory approval. The transaction is expected to close by March 2026. Recent Insider Transactions • Feb 20
Co-Founder recently sold ₹115m worth of stock On the 17th of February, Anmol Jaggi sold around 215k shares on-market at roughly ₹533 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anmol has been a net seller over the last 12 months, reducing personal holdings by ₹36m. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹538, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 20x in the Construction industry in India. Total loss to shareholders of 60% over the past year. New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹4.46 (vs ₹3.49 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.46 (up from ₹3.49 in 3Q 2024). Revenue: ₹3.45b (up 57% from 3Q 2024). Net income: ₹169.1m (up 29% from 3Q 2024). Profit margin: 4.9% (down from 6.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Announcement • Feb 07
Gensol Engineering Limited to Report Q3, 2025 Results on Feb 11, 2025 Gensol Engineering Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹639, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 25x in the Construction industry in India. Total loss to shareholders of 28% over the past year. Recent Insider Transactions • Nov 03
Co-Founder recently bought ₹20m worth of stock On the 31st of October, Anmol Jaggi bought around 27k shares on-market at roughly ₹762 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anmol has been a buyer over the last 12 months, purchasing a net total of ₹78m worth in shares. Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: ₹7.75 (vs ₹3.24 in 2Q 2024) Second quarter 2025 results: EPS: ₹7.75 (up from ₹3.24 in 2Q 2024). Revenue: ₹3.47b (up 74% from 2Q 2024). Net income: ₹293.8m (up 147% from 2Q 2024). Profit margin: 8.5% (up from 6.0% in 2Q 2024). The increase in margin was driven by higher revenue. Announcement • Oct 23
Gensol Engineering Limited to Report Q2, 2025 Results on Oct 25, 2024 Gensol Engineering Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Announcement • Oct 07
Gensol Engineering Limited Announces Chief Financial Officer Changes Gensol Engineering Limited announced at its meeting held on October 7, 2024, resignation received from Mr. Jabir Mahendi Aga, Chief Financial Officer of the Company with effect from October 07, 2024. The company announced the appointment of Mr. Ankit Jain as the Chief Financial Officer of the Company October 07, 2024, Brief profile is enclosed. Ankit brings over 20 years of extensive experience across finance and accounting functions, including fundraising, M&A, investor relations, corporate governance, auditing, and taxation. Ankit previously held the position of Vice President - Finance at Zetwerk India. Throughout his extensive professional journey, he has also held key positions in various companies such as Baker Hughes, Philips Lighting, GE Oil & Gas and KPMG, where he played a crucial role in shaping and scaling these organizations. He
holds a Master's degree from The Institute of Chartered Accountants of India. Mr. Ankit Jain has no any relationships between directors and promoters. He has appointed as Chief Financial Officer and Key Managerial Personnel of the Company by the Board of Directors 07th October, 2024 as per the provisions of the applicable laws. Recent Insider Transactions • Sep 28
Co-Founder recently bought ₹10m worth of stock On the 26th of September, Anmol Jaggi bought around 12k shares on-market at roughly ₹851 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Anmol has been a buyer over the last 12 months, purchasing a net total of ₹58m worth in shares. Announcement • Sep 10
Gensol Engineering Limited, Annual General Meeting, Sep 30, 2024 Gensol Engineering Limited, Annual General Meeting, Sep 30, 2024, at 10:00 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹5.41 (vs ₹2.74 in 1Q 2024) First quarter 2025 results: EPS: ₹5.41 (up from ₹2.74 in 1Q 2024). Revenue: ₹2.97b (up 105% from 1Q 2024). Net income: ₹204.8m (up 100% from 1Q 2024). Profit margin: 6.9% (down from 7.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Announcement • Aug 08
Gensol Engineering Limited to Report Q1, 2025 Results on Aug 12, 2024 Gensol Engineering Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Kuljit Popli was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 19
Gensol Engineering Limited announced that it has received INR 1.346508296 billion in funding from a group of investors On June 18, 2024, Gensol Engineering Limited closed the transaction. Recent Insider Transactions • Jun 11
Co-Founder recently bought ₹48m worth of stock On the 4th of June, Anmol Jaggi bought around 54k shares on-market at roughly ₹885 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Anmol's only on-market trade for the last 12 months. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹15.80 (vs ₹7.17 in FY 2023) Full year 2024 results: EPS: ₹15.80 (up from ₹7.17 in FY 2023). Revenue: ₹9.96b (up 154% from FY 2023). Net income: ₹595.6m (up 139% from FY 2023). Profit margin: 6.0% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • May 23
Gensol Engineering Limited to Report Fiscal Year 2024 Results on May 28, 2024 Gensol Engineering Limited announced that they will report fiscal year 2024 results at 12:15 PM, Indian Standard Time on May 28, 2024 Announcement • May 09
Gensol Engineering Limited Announces Resignation of Gaurav Kharbanda as Independent Director (Non-Executive) Gensol Engineering Limited at its board meeting held on May 8, 2024, took note of the resignation of Mr. Gaurav Kharbanda, from post of Independent Director (Non-Executive) of the company. 