Winsol Engineers (WINSOL)

Score breakdown: P/E: 2/3 · ROCE: 2/2 · Growth: 1/2 · Dividend: 0/1

Key Financials

Strengths

• ROCE of 36.21% indicates strong return on capital employed for a construction firm
• Sales growth of 58.17% with a PEG of 0.36 suggests growth available at an attractive price
• Piotroski F-Score of 7/9 points to solid financial health across profitability and efficiency metrics
• Promoter holding of 73.73% aligns management interests with minority shareholders

Concerns

• Profit growth of 12.38% lags far behind sales growth of 58.17%, indicating margin compression
• No dividend yield, so investors depend entirely on capital appreciation in a cyclical industry
• Stock is 40% below its 52-week high, suggesting possible market skepticism or deteriorating fundamentals
• Critical data missing: book value, ROE, and debt/equity, making a full Graham-style balance sheet check impossible

AI Analysis

At first glance, Winsol Engineers has the sort of numbers that catch a value investor's eye: a P/E of 12.60, a PEG of 0.36, and sales growing at 58.17%. That looks like growth at a reasonable price. The ROCE of 36.21% is genuinely impressive for a civil construction firm, and a Piotroski F-Score of 7/9 suggests decent financial health. The promoter holding of 73.73% means the people running the business have real skin in the game, which I always respect. But what worries me is the gap between sales growth and profit growth. Sales jumped 58.17%, yet profits rose only 12.38%. That tells me margins are being compressed, perhaps due to competition, input costs, or execution challenges. In construction, a low-moat, capital-intensive industry, this is a red flag. The latest quarter shows sales of ₹66 Cr and net profit of ₹7 Cr, roughly a 10.6% margin; not bad, but I need to see it sustained. The stock at ₹133.65 is well below its 52-week high of ₹222.00, so the market has already punished it. That gives some margin of safety, but it could also mean the market sees problems. I am also disturbed by missing data: no book value, no ROE, no debt-to-equity ratio. Graham would never buy without checking the balance sheet. There is no dividend, so all returns must come from capital appreciation and reinvestment. This is an interesting small-cap, but I need more data, clarity on margins, and proof that the high ROCE is durable.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer