---
title: "Winsol Engineers Ltd (WINSOL) — Share Price, Financials & Analysis"
symbol: "WINSOL"
company: "Winsol Engineers Ltd"
canonical: "https://tapetide.com/stocks/WINSOL"
isin: "INE0S3D01016"
nse_symbol: "WINSOL"
sector: "Industrials"
industry: "Construction"
market_cap_cr: 132.65
generated_at: "2026-09-13T19:21:20.681Z"
---

# Winsol Engineers Ltd (WINSOL)

Canonical page: https://tapetide.com/stocks/WINSOL

## Company

- **NSE Symbol:** WINSOL
- **ISIN:** INE0S3D01016
- **Sector:** Industrials
- **Industry:** Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-05-14
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** winsol.info

## About

Incorporated in 2015, Winsol Engineers Ltd is in the business of providing Wind & Solar Services, HV/EHV Operation Maintenance, Commissioning of Wind Project[1]

## Latest Price

- **Price:** ₹114.25
- **Change:** +3.25 (+2.93%)
- **Open:** ₹115
- **Day High:** ₹115
- **Day Low:** ₹114.25
- **Previous Close:** ₹111
- **Volume:** 800
- **As Of:** 2026-09-11T09:44:02+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:16.903072Z.

- **Market Cap:** ₹132.65 Cr
- **Classification:** SME
- **P/E (reported):** 8.9
- **Book Value:** ₹55.37
- **Price to Book:** 2
- **Dividend Yield:** 0.9%
- **ROE:** 23.82%
- **ROCE:** 31.94%
- **Debt to Equity:** 1.08
- **Revenue (yearly):** ₹136.57 Cr
- **Net Income:** ₹15.92 Cr
- **EBITDA:** ₹24.54 Cr
- **52-Week High:** ₹204.95
- **52-Week Low:** ₹93.5
- **RSI (14):** 43.38

## Tapetide Score

- **Score:** 47 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 35.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 50.89 | 9% |
| growth | 72 | 9% |
| momentum | 40.9 | 12% |
| ownership | 51.94 | 24% |
| quality | 53.05 | 22% |
| valuation | 33.4 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 95.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.8%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -852.48% | — | -539.75% |
| ebitda margin growth | -27.5% | 13.45% | 4.14% | — |
| net income growth | -32.14% | 34.92% | 41% | 96% |
| revenue growth | 25.41% | 22.48% | 28% | 44% |
| roce | -29.49% | -52.06% | -50.23% | — |
| roe | -31.05% | -53.89% | 44.77% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 28 | 33 | 42 | 42 | 69 | 66 | 70 |
| Expenses | 26 | 28 | 35 | 33 | 61 | 55 | 57 |
| Operating Profit | 3 | 6 | 7 | 9 | 8 | 11 | 13 |
| OPM % | 10 | 18 | 16 | 21 | 12 | 17 | 19 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 2 | 5 | 6 | 8 | 7 | 10 | 11 |
| Tax % | 25 | 25 | 26 | 25 | 30 | 27 | 30 |
| Net Profit | 2 | 4 | 5 | 6 | 5 | 7 | 7 |
| EPS in Rs | 865 | 2000 | 5.56 | 5.39 | 4.44 | 6.06 | 6.38 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 22 | 61 | 65 | 75 | 111 | 136 |
| Expenses | 21 | 58 | 58 | 62 | 94 | 112 |
| Operating Profit | 2 | 2 | 8 | 13 | 17 | 24 |
| OPM % | 7 | 3.7 | 12 | 17 | 15 | 18 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 1 | 1 | 1 | 1 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 1 | 1 | 7 | 12 | 16 | 20 |
| Tax % | 30 | 27 | 25 | 25 | 27 | 29 |
| Net Profit | 0 | 1 | 5 | 9 | 11 | 14 |
| EPS in Rs | 245 | 540 | 2585 | 10.31 | 9.83 | 12.4 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 8 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.02 | 0.02 | 0.02 | 8 | 12 | 12 |
| Reserves | 2 | 3 | 9 | 9 | 37 | 51 |
| Borrowings | 8 | 9 | 12 | 9 | 16 | 68 |
| Other Liabilities | 8 | 15 | 8 | 12 | 20 | 25 |
| Total Liabilities | 18 | 28 | 29 | 39 | 85 | 156 |
| Fixed Assets | 3 | 3 | 2 | 2 | 2 | 41 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 15 | 25 | 26 | 37 | 82 | 104 |
| Total Assets | 18 | 28 | 29 | 39 | 85 | 156 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2 | 0 | 0 | 4 | -24 | 5 |
| Cash from Investing Activity | 1 | 0 | 0 | -1 | -2 | -52 |
| Cash from Financing Activity | 1 | 1 | 0 | -3 | 26 | 48 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -1 | 0 | 0 | 4 | -24 | -46 |
| CFO/OP | -127 | -63 | 19 | 53 | -118 | 42 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 138 | 101 | 124 | 121 | 114 | 132 |
| Inventory Days | 150 | 38 | 1 | — | — | 229 |
| Days Payable | 217 | 113 | 55 | — | — | 86 |
| Cash Conversion Cycle | 71 | 26 | 71 | 121 | 114 | 274 |
| Working Capital Days | 39 | 16 | 51 | 78 | 160 | 110 |
| ROCE % | — | 17 | 45 | 53 | 36 | 25 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 72.99% | 73.46% | 73.46% | 73.73% |
| FIIs | 0% | 0% | 0% | 0.01% |
| DIIs | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% |
| Public | 24.04% | 23.96% | 24% | 23.91% |
| Others | 2.97% | 2.58% | 2.54% | 2.35% |
| No. of Shareholders | 1202 | 1886 | 1955 | 1808 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 6 / 7 / 6

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 113.98 | Buy |
| EMA (10) | 113.67 | Buy |
| SMA (20) | 113.77 | Buy |
| EMA (20) | 113.92 | Buy |
| SMA (50) | 115.36 | Sell |
| EMA (50) | 116.2 | Sell |
| SMA (100) | 123.34 | Sell |
| EMA (100) | 121.51 | Sell |
| SMA (200) | 131.39 | Sell |
| EMA (200) | 135.09 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.95 | Neutral |
| MACD (12,26,9) | -0.49 | Buy |
| Stochastic (14,3,3) | 22.94 | Neutral |
| ADX (14) | 14.82 | Neutral |
| Williams %R (14) | -70.49 | Neutral |
| ATR (14) | 4.53 | High Volatility |
| ROC (12) | 1.11 | Buy |
| Stoch RSI (14) | 49.36 | Neutral |
| UO (7,14,28) | 37.39 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jul - Filed Regulation 74(5) certificate for quarter ended June 30, 2026; no demat or remat requests received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 Jul - Filed Regulation 74(5) certificate for quarter ended June 30, 2026; no demat or remat requests received.](https://nsearchives.nseindia.com/corporate/WINSOL_09072026181616_Covering_Reg_74.pdf) |
| 8 Jun - Winsol Engineers received ₹3.60 crore O&M purchase order from CleanMax for Kalavad Solar plant. | [Bagging/Receiving of orders/contracts 8 Jun - Winsol Engineers received ₹3.60 crore O&M purchase order from CleanMax for Kalavad Solar plant.](https://nsearchives.nseindia.com/corporate/WINSOL_08062026183116_Reg_30_Purchase_Order.pdf) |
| 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/WINSOL_07042026142743_Regulation_74_5__Winsol_sd.pdf) |
| 30 May 2026 - Winsol approved FY26 audited results, proposed Rs.1 final dividend, and appointed Niranjan Mishra as independent director. | [Outcome of Board Meeting 30 May 2026 - Winsol approved FY26 audited results, proposed Rs.1 final dividend, and appointed Niranjan Mishra as independent director.](https://nsearchives.nseindia.com/corporate/WINSOL_30052026181020_Outcome_SD_F.pdf) |
| 30 May 2026 - On May 30, 2026, board approved audited FY26 results, recommended Rs1 dividend, appointed Mr. Niranjan Mishra. | [Appointment 30 May 2026 - On May 30, 2026, board approved audited FY26 results, recommended Rs1 dividend, appointed Mr. Niranjan Mishra.](https://nsearchives.nseindia.com/corporate/WINSOL_30052026181848_Outcome_SD_F.pdf) |
| 30 May - Board approved FY26 audited results, recommended Rs.1 dividend, and appointed Mr. Niranjan Mishra as independent director. | [Dividend 30 May - Board approved FY26 audited results, recommended Rs.1 dividend, and appointed Mr. Niranjan Mishra as independent director.](https://nsearchives.nseindia.com/corporate/WINSOL_30052026181602_Outcome_SD_F.pdf) |
| 30 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after March 31, 2026 results declaration. | [Trading Window 30 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after March 31, 2026 results declaration.](https://nsearchives.nseindia.com/corporate/WINSOL_30032026155410_Trading_window_closure_Winsol.pdf) |
| 3 Sep - Winsol Engineers schedules 11th AGM on September 25, 2026; e-voting runs September 22-24, 2026. | [General Updates 3 Sep - Winsol Engineers schedules 11th AGM on September 25, 2026; e-voting runs September 22-24, 2026.](https://nsearchives.nseindia.com/corporate/WINSOL_03092026185658_Merged.pdf) |
| 3 Sep - AGM notice and FY2025-26 annual report dispatched; advertisement published September 3, 2026. | [Copy of Newspaper Publication 3 Sep - AGM notice and FY2025-26 annual report dispatched; advertisement published September 3, 2026.](https://nsearchives.nseindia.com/corporate/WINSOL_03092026190026_Newspaper_final.pdf) |
| 28 May 2026 - Winsol Engineers filed SDD compliance certificate for FY ended March 31, 2026; seven events captured. | [Structural Digital Database 28 May 2026 - Winsol Engineers filed SDD compliance certificate for FY ended March 31, 2026; seven events captured.](https://nsearchives.nseindia.com/corporate/WINSOL_28052026171027_SDD_Certificate_sd.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31161_WINSOL_2025_2026_A_114872284_02092026200432.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28487_WINSOL_2024_2025_A_16145857_04092025200211.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25479_WINSOL_2023_2024_02092024202549.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:21:20.681Z.