Gensol Engineering shares hit all-time low, here's what analysts say 

Shares of Gensol Engineering Ltd have seen a 66% crash in their market capitalisation since the beginning of March. The EPC services firm's stock, which stood at Rs 517.40 on March 3, 2025 slipped to a record low of Rs 175.75 on BSE in the current session. On March 4, credit ratings agency CARE Ratings downgraded the company’s long-term and short-term bank facilities due to delays in servicing its term loan obligations. The stock has fallen 66% since then. 

A day later, the stock received another jolt when ICRA downgraded the credits rating of the firm. 
Since then, the stock has hit lower circuits in a majority of the trading sessions 

Gensol Engineering shares were stuck in the lower circuit of 5% at a record low of Rs 175.05 since early deals today. 

Market cap of the firm slipped to Rs 665.23 crore. Total 0.20 lakh shares changed hands amounting to a turnover of Rs 25.21 lakh on BSE.

In terms of technicals, the relative strength index (RSI) of the stock stands at 11.8, signaling it is extremely oversold on charts. Gensol Engineering shares are trading lower than the 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day moving averages.

Gensol Engineering stock has lost 81% in one year and fallen 79% in six months. The stock has a one-year beta of 0.8, indicating low volatility during the period.  

Osho Krishan, Senior Analyst – Technical & Derivative Research, Angel One said, "Gensol has experienced a significant corrective period, resulting in a dramatic loss of nearly 75% over the past few trading months, which has brought the stock to an unprecedented low. From a technical standpoint, the stock exhibits clear signs of weakness, as it shows no indications of recovery or a potential rebound in the near future. This persistent decline suggests underlying vulnerabilities within the company. As a result, it is recommended that investors remain cautious and on the sidelines until there is clear evidence of a decisive recovery in the stock’s performance."

Ravi Singh, SVP - Retail Research, Religare Broking said, "Gensol Engineering’s stock is currently locked in lower circuits, preventing shareholders from exiting their holdings. Overall market sentiment remains negative, and the stock is not recommended for portfolio inclusion at this stage. Following a breakdown below its key support level of Rs 700, the stock has declined nearly 75%, reaching fresh all-time lows. Sentiment indicators suggest it remains in the oversold zone, with further corrections expected. Given the heightened volatility, investors should exercise caution.

In March 2025, CARE Ratings and ICRA downgraded Gensol Engineering’s bank facilities from BB+ (Stable) to ‘CARE D’ due to concerns over falsified debt servicing documents, raising serious corporate governance issues. Acknowledging the downgrade, Gensol announced a debt reduction plan to address investor concerns.

Additionally, Gensol’s strong ties with BluSmart Mobility—which is undergoing a major restructuring—have further fueled negative sentiment. The departure of key executives, including BluSmart’s CEO, has raised concerns about its stability and future prospects, indirectly impacting Gensol’s outlook. As a result, investor confidence in Gensol’s financial stability continues to weaken."

Divyam Mour, Research Analyst, SAMCO Securities said, "Gensol Engineering is currently confronting several significant challenges that are likely to adversely impact its near-term performance. The cancellation of the proposed acquisition of 2,997 electric vehicles by Refex Green Mobility Limited, a critical component of the company's electric mobility strategy, has disrupted its plans to restructure its balance sheet. In addition, the company's credit rating has been downgraded from BBB- to D, signaling financial distress. This downgrade indicates delayed debt servicing, despite the company publicly asserting sufficient liquidity, which raises concerns about its corporate governance practices. This situation is expected to result in higher borrowing costs for the company. Moreover, the resignation of the CFO and the subsequent reappointment of the former CFO have introduced leadership instability, further complicating the company’s outlook. The misapplication of lease accounting practices has also raised concerns about the accuracy of its financial reporting, potentially damaging its credibility with investors and regulators. These recent developments have significantly weakened the company’s outlook, with its share price plummeting over 87% from its peak. Given the current uncertainty, providing a price target is challenging. In this context, exiting any holding position on any potential rebound may be a prudent strategy for investors."

A R Ramachandran, SEBI registered Independent analyst says, "Gensol is bearish & oversold on the Daily charts with strong resistance at Rs 184.5. A daily close below the support of Rs 175 could  lead to a target of Rs 147 in the near term."

Gensol Engineering is a part of the Gensol Group of companies, which offers engineering, procurement, and construction (EPC) services for the development of solar power plants.