Gensol Engineering's Stock Plummets 83%, But Company Remains Bullish on Long-Term Prospects

Gensol Engineering's stock hit a 52-week low of ₹372.60 on March 5, 2025, following CARE Ratings' downgrade to 'D' due to debt servicing delays. The company's shares have plummeted 83.65% from their October 2023 peak. Despite these challenges, Gensol maintains a robust order book of ₹5,200 crore, providing strong revenue visibility. The company reported significant growth in FY2024, with operating income reaching ₹963 crore. While facing short-term hurdles, including project execution risks and raw material price volatility, Gensol's long-term growth potential in solar EPC and EV sectors remains intact, with analysts estimating a fair value of ₹785.6 per share.

 

Sources: NSE, BSE, Moneycontrol, ICRA