Gensol Engineering - A play on Energy Transition (Solar Energy & EV)

Company inks INR 4000 cr electronics MOU with Maharashtra

*No official exchange filing yet

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Soon we can hear announcement about solar modules manufacturing?

Some days ago in a industry meetup interview gensol ceo made this statement ( is this statement connected with this MOU?

Shilpa urhekar (gensol ceo)- We are already developing balance of plant (BOP) to stay ahead of the curve with the latest tech advancements.

Read more at:

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Jack of all trades master of none. :slightly_smiling_face:

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Any source of this info ?

That’s what I said no official filling yet

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Company has announced

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Its not clear regarding nature of 30k pre orders- whether they are committed orders or not. Also the mix between Ezio and ezibot, timelines for delivery are not mentioned.

Most of their business comes from related party transactions. BluSmart etc. Basically Gensol group companies…

I don’t quite understand market reactions however. If there is news regarding 30k orders. There annual capacity for these EVs is 25000 as far as I remember. If the capacity is 25000 for the Pune plant that would mean they have already secured orders for 30k.

Shouldn’t that lead to a huge spurt or am I missing something?

Also I think if they got the orders during Bharat Mandapan that would definitely go a long way as the orders might not be from related party transactions. Given the fact that BluSmart is on the lookout for a fresh round of investors maybe Gensol might also try to paint a better picture for BluSmart.

What are your views on the same?

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Q3 results will be trigger point for valuations.
Btw good momentum going on in share prices

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Too hot, too cold or rain almost covers all of indian seasons. As a user of cab for to and fro from office, I would definitely opt for this over autos for multiple reasons, but then that also depends on operator. Blusmart has been doing good as far as I have heard in terms of customer satisfaction.

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As much as I’m intrested in this stock.
Pledging makes it that much uncomfortable.

And we have seen in past if pledged shares are offloaded in market , what a havoc , that can create.

Market cap halves in just a few sessions.

That’s the biggest risk , I’m unable to come to terms with, in this stock.

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Pledge is related to LAS (loan against shares). Promoters have pledged there shares to take loan. This is mainly because promoters are first generation of ambitious enterpreneur. So, whenever they need capital, debt is generally an option and for that they had pledged their shares.
Now whenever share price drops, they are required to make more pledge to maintain LTV. That’s why they are increasing pledge with drop in prices of gensol.
Unless they shipped out funds from company and tried to show wrong results, there is no harm with pledging.
I had noticed promoters are more keen to keep prices up to save their pledge.

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That is still very risky … it can result in a feedback loop and keeps the promoters on a knives edge which could make them act irrationally. Not related to Gensol though … I believe they are on the right track and hoping they can scale up their EV manufacturing. Solar business is anyway being a great cash generating business

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6d79a872-8009-4c49-980d-a4f891e52fe8.pdf (430.3 KB)

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Gensol | EPC Contract

Gensol Engineering Ltd. secures order worth approximately INR 967.98 crores
(including GST) for 245 MW Solar PV Project at Khavda RE Power Park, Rann of Kutch
in Gujarat, including three years of O&M

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Well if and even they do get debt free, that’ll triple the bottomline and take the ROCE to above 50%. 6 months is a stretch, I’ll be happy if it happens in 18 months as well. The timing is less important than the fact that this seems to be a priority going forward. Let’s see if we see further debt reduction in Q3

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Extremely disappointed On Q3 results.
630af614-0019-4c79-9d27-a60c73684fd5.pdf (4.1 MB)

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