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Gensol Engineering Limited (GENSOL) Fair Value & Analysis

Technology · IN · Market cap ₹822M

GE Gensol Engineering Limited GENSOL · NSE
Price₹18.25
Fair Value₹34.96
Upside+91.6%
Quality24/100
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Mixed Growth
Thin margins · 6.8% net margin
High debt · negative free cash flow
Ranks above peers (10/12)
Moderate moat 48/100
Evidence: Medium Range ₹22.34 – ₹43.13 Share as image

Fair value as of: Aug 6, 2026

From 14 valuation models · updated today

Fair value updated Aug 6, 2026, revised from ₹782.82 to ₹34.96 (−95.5%) since Jul 3, 2026. Share price −14.6% over the past month.

Below-average quality, screening 92% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (24/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹22.34). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (₹22.34 to ₹43.13) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

₹1,331 ₹17.44 Fair Value ₹34.96 Jul 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

37‑month range ₹17.44 – ₹1,331 · fair‑value band ₹22.34 – ₹43.13 · the ₹18.25 price screens below the ₹34.96 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Gensol Engineering Limited (GENSOL) currently trades at ₹18.25, while our model-based Fair Value estimate is ₹34.96, implying the stock looks roughly 91.6% undervalued today. We read business quality at 24/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Gensol Engineering Limited generated revenue of ₹12.8B at a net margin of 6.8%. Revenue grew 56.4% year over year. Net debt stands at ₹12.9B. The stock trades on a trailing P/E of 0.9. Fundamentals as of Aug 6, 2026

Our scenario range runs from ₹22.34 (bear case) to ₹43.13 (bull case); at ₹18.25, the current price sits below that range. The share trades about 66% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 5% fair-value upside, at 92%, GENSOL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
ROIC Compounder ₹24.48 ₹40.73 ₹52.05 72
Growth-Adj P/E ₹24.47 ₹34.96 ₹45.45 68
P/E Multiple ₹11.63 ₹15.50 ₹19.38 63
All 14 models by family
Earnings-Based
Graham-Dodd ₹5.27 ₹36.76 ₹51.59 54
Lynch FV ₹18.99 ₹27.13 ₹35.27 50
PEG = 1.0 ₹18.99 ₹27.13 ₹35.27 46
EPV ₹17.03 ₹20.48 ₹23.36 59
Multiples
P/E Multiple ₹11.63 ₹15.50 ₹19.38 63
P/S Multiple ₹9.88 ₹13.18 ₹16.47 58
P/B Multiple ₹9.54 ₹12.72 ₹15.90 55
EV/EBIT ₹39.21 ₹55.06 ₹70.90 53
EV/EBITDA ₹35.43 ₹50.01 ₹64.60 54
EV/Revenue ₹10.68 ₹18.82 ₹26.97 43
Asset-Based
NCAV (Graham) ₹2.12 ₹2.84 ₹4.24 50
Economic Profit
Residual Income ₹4.42 ₹5.87 ₹17.18 61
ROIC Compounder ₹24.48 ₹40.73 ₹52.05 72
Growth Earnings
Growth-Adj P/E ₹24.47 ₹34.96 ₹45.45 68

Widest divergence: Growth Earnings (₹34.96) versus Asset-Based (₹2.84). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) ₹12.8B
Revenue growth (YoY) +56.4%
Net margin 6.8%
Free cash flow −₹5.8B FY2024
P/E ratio 0.9
Operating margin 16.0%
More key figures
EPS (TTM) ₹22.78
EPS growth (YoY) +27.8%
Net debt ₹12.9B FY2024

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 24/100

Of which business quality 23 · Market factors (momentum, volatility) 25

Profitability 34
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 17
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Gensol Engineering Limited engages in the provision of renewable energy solutions in India, the Middle East, and internationally. It operates through EPC, Lease, EV Manufacturing, and Others segments. The company offers architecture, engineering, and technical testing and consultancy activities.

Full company description

Gensol Engineering Limited engages in the provision of renewable energy solutions in India, the Middle East, and internationally. It operates through EPC, Lease, EV Manufacturing, and Others segments. The company offers architecture, engineering, and technical testing and consultancy activities. The company also provides solar EPC services, such as floating solar, rooftop solar, and ground mounted; engineering advisory services; solar operation and maintenance services; rents and leases motor vehicles, machinery, equipment, etc; offers energy storage solutions; end-to-end single-axis solar tracking solutions; generates and distributes solar power; and engages in the manufacture and leasing of electric vehicles. Gensol Engineering Limited was founded in 2007 and is headquartered in Ahmedabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Gensol Engineering Limited reported revenue of ₹8.3B in FY2024 versus ₹821M in FY2020, a compound +78.5%/yr. Reported net income was ₹596M in FY2024, compounding +127.9%/yr from FY2020.

Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
₹8.3B
Latest YoY
+112.5%
Avg. growth/yr (3Y)
+135.4%
Avg. growth/yr (5Y)
+60.5%
Avg. growth/yr (8Y)
+69.7%
Revenue +78.5%/yr
FY20 ₹821M
FY21 ₹640M
FY22 ₹1.6B
FY23 ₹3.9B
FY24 ₹8.3B
Net income +127.9%/yr
FY20 ₹22.1M
FY21 ₹31.9M
FY22 ₹111M
FY23 ₹234M
FY24 ₹596M

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Cite: Fair Value Calculator (2026). "Gensol Engineering Limited Fair Value". https://www.fairvalue-calculator.com/stock/GENSOL

Peer Group

Solar · 120 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 24 · Bottom 25%
Fair Value upside +92% · Top 25%
Return on assets 0% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 16% · Top 25%
Revenue growth 56% · Top 25%
Debt / equity 2.63× · Higher than 75% of peers

Valuation Multiples vs Solar median · lower = cheaper

P/E (TTM) 0.9× · Cheaper than 75% of peers
P/B 0.25× · Cheaper than median
P/S (TTM) 0.06× · Cheaper than 75% of peers
EV/EBITDA 2.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 14
FUTURE 100 · sector 0
PAST 0 · sector 0
HEALTH 0 · sector 84
DIVIDEND 0 · sector 11

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Solar stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $221.03 $284.45 +29%
Nextpower Inc NXT $111.50 $69.61 -38%
Tongwei Co 600438 ¥11.12 ¥12.13 +9%
Waaree Energies Limited WAAREEENER ₹2,923 ₹3,613 +24%
Jinko Solar Co 688223 ¥4.39 ¥4.75 +8%
Hengdian Group 002056 ¥21.64 ¥22.76 +5%
CSI Solar Co 688472 ¥10.11 ¥7.01 -31%
Enphase Energy, Inc ENPH $44.83 $22.20 -50%
Premier Energies Limited PREMIERENE ₹1,086 ₹912.32 -16%
Trina Solar Co 688599 ¥12.98 ¥7.97 -39%

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Frequently asked questions

Is Gensol Engineering Limited (GENSOL) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of ₹34.96 versus a price of ₹18.25, about +92% (undervalued).
What is the fair value of GENSOL?
Our model-based fair value for Gensol Engineering Limited is ₹34.96 (as of Aug 6, 2026), built from audited fundamentals. The current price is ₹18.25.
What is the quality score of GENSOL?
Gensol Engineering Limited has a Quality Score of 24/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Gensol Engineering Limited (GENSOL)?
Gensol Engineering Limited reported trailing-twelve-month revenue of about ₹12.8B (latest available figure, as of Aug 6, 2026).
What is the net profit margin of GENSOL?
The net profit margin of Gensol Engineering Limited is about 6.8%, meaning it keeps roughly 6.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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