May 6, 2024 - May 9, 2024

Winsol Engineers IPO Review & Recommendations

Dilip Davda has given "Apply" recommendation to Winsol Engineers IPO.

Winsol Engineers IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	1	0	0	0	0
%	100.00	0.00	0.00	0.00	0.00

Winsol Engineers IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Apply

Winsol Engineers IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is in Wind and Solar power generation installations/maintenance and material supply business that has been growing for the past few years and is set for bright prospects under Government of India’s renewable power generation plans and spending. This company marked growth in its top and bottom lines for the reported periods. Based on annualized FY24 earnings, the issue appears reasonably priced. Investors may invest in this lucrative offer for the medium to long term rewards. Read detail review...

Winsol Engineers IPO Peer Comparison

Winsol Engineers Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Winsol Engineers Limited	6.15	6.15	10.38		59.28	7.23
Konstelec Engineers Limited	6.53	6.53	56.40	38.67	11.58	4.48	Standalone

Source: All the financial information for the company mentioned above is sourced from the Restated Financial Information. All the financial information for listed industry peer mentioned above is on a standalone basis sourced from the Annual Reports/Information of the peer company uploaded on the NSE website for the year ended March 31, 2023 and February 14, 2024.

Notes:

P/E Ratio has been computed based on the closing market price of equity shares on the NSE on February 14, 2024, divided by the Basic and Diluted EPS as the Market Price for March 31, 2023, was unavailable as the peer company was listed on January 31, 2024.
RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as sum of share capital and reserves and surplus.
NAV is computed as the closing net worth divided by the closing outstanding number of equity shares adjusted for the bonus issue of shares.

Winsol Engineers IPO Review by Members

Winsol Engineers IPO Reviews, analysis and views by popular members. Read Winsol Engineers Limited IPO reviews by retail investors to find recommended ipo to buy.

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Winsol Engineers IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	1	0
%	0.00	0.00	100.00	0.00

Member	Review
V. Krishna Mohan	Neutral Risks involved: The company has several ongoing litigations against itself, its promoters and directors. This includes several income tax and GST proceedings, which could be ruled against the company, resulting in a loss of reputation and revenue. 1\| May 7, 2024 10:51:33 AM

Member

Review

V. Krishna Mohan

Neutral

Risks involved:
The company has several ongoing litigations against itself, its promoters and directors. This includes several income tax and GST proceedings, which could be ruled against the company, resulting in a loss of reputation and revenue.

May 7, 2024 10:51:33 AM

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