58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Winsol Engineers Limited IPO Analysis

Winsol Engineers IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Jamnagar and caters to Power And Energy sector. Beeline Capital Advisors Private is the merchant banker of Winsol Engineers IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 20th February 2024.

Winsol Engineers IPO posted revenues of Rs 69.36 crores and PAT of Rs 9.02 crores in FY24 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Winsol Engineers IPO Financial Performance (Restated)

Financial results of Winsol Engineers IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
31-Dec-23
FY23
FY22
FY21
Balance Sheet
Assets
35.65
28.56
27.65
18.17

Net Worth
15.27
8.74
3.44
2.39

Total Debt
8.47
10.59
9.29
8.14

Profit & Loss
Revenue
Revenue on annualised basis
51.95
69.27
65.39
60.70
22.16

EBITDA
EBITDA on annualised basis
9.89
13.19
7.85
2.26
1.54

PAT
PAT on annualised basis
6.77
9.03
5.18
1.08
0.49

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Winsol Engineers IPO Key performance Indicators (KPI)

Winsol Engineers IPO PAT Margin is 13.03%, ROCE (Return on Capital Employed) is 44.18% as per latest financial. The below table shows Winsol Engineers IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
31-Dec-23
FY23
FY22
FY21

EBITDA Margin (%)
19.04
12.00
3.72
6.95

PAT Margin (%)
13.03
7.92
1.78
2.21

EPS (Rs.)
8.04
6.15
1.29
0.59

ROE (%)
44.34
59.27
31.40
20.50

ROCE (%)
44.18
46.19
16.14
11.71

ROA (%)
18.99
18.14
3.91
2.70

Debt to Equity (x)  
0.55
1.21
2.70
3.41

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Winsol Engineers IPO Valuation Metrics

The market Capitalisation of Winsol Engineers IPO is Rs 86.51 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
86.51

Enterprice Value (EV) (Rs. Cr.):
91.43

EV/EBITDA (times) :
6.93

PE Multiple (times) :
9.58

P/B (times) :
2.24

NAV (Rs.) :
18.14

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Winsol Engineers prospectus?

The Winsol Engineers IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Winsol Engineers IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Winsol Engineers IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Winsol Engineers IPO ?

The post-IPO market capitalisation of Winsol Engineers IPO is ₹86.51 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Winsol Engineers IPO?

The Winsol Engineers IPO has a Price-to-Earnings (PE) ratio of 9.58 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Winsol Engineers IPO?

Winsol Engineers IPO reported revenue of ₹69.36 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Winsol Engineers IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Winsol Engineers IPO?

Winsol Engineers recorded an EBITDA of ₹ 13.19 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Winsol Engineers IPO?

Winsol Engineers Profit After Tax (PAT) is ₹9.03 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 69.27 Cr.
            EBITDA: ₹ 13.19 Cr.
            PAT: ₹ 9.03 Cr.
  • EBITDA Margin: 19.04 %
            Pat Margin: 13.03%
  • Net Worth: ₹ 15.27 Cr.
  • Market Capitalisation: ₹ 86.51 Cr.
  • P/E: 9.58 times
  • P/BV: 2.24 times
  • EV/EBITDA: 6.93 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Winsol Engineers operates in Power And Energy and Wind And Solar Power Generation Installations/maintenance And Material Supply Business. The Issue is listed on NSE EMERGE in May, 2024. Winsol Engineers IPO size was 23.36 with Issue price of 75.00 .

Winsol Engineers IPO subscription was 682.14 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Winsol Engineers IPO listed at a listing price of 383.25 against the offer price of 75.00.

The current market price of Winsol Engineers is 200.80.

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