Websol Energy System Ltd

WEBELSOLAR

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Market Cap

₹ 3,784 Cr

P/E

18.62

Turned 1 L into 23.10 L in last 5 Years

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Performance

MARKET LEADER

Valuation

UNDERVALUED

Growth

EXCEPTIONAL

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Websol Energy System Limited is one of India's leading manufacturers of photovoltaic monocrystalline solar cells and modules with a robust 30+ year track record. They have successfully executed a major production expansion with the commissioning of a 600 MW Mono-PERC cell line. Recent global policy shifts and solar costs falling position the company competitively amid an exponential solar growth phase. Despite a temporary plant shutdown and logistical delays, Websol reported strong financial performance in Q2FY26 with double-digit revenue growth.

Sector

Capital Goods - Electrical Equipment

Industry

Electric Equipment - General - Large

Market Cap

3,784 Cr

Volatility

Moderate Risk

P/E Ratio

18.6

Industry P/E

59.5

PEG Ratio

0.1

P/B Ratio

9.6

52W High

189.11

52W Low

80.22

Sales CAGR

2125.29%

39.23%

24.10%

10Y

8.35%

Profit CAGR

227.93%

152.00%

106.59%

10Y

—

ROE

TTM

51.95%

1.75%

7.34%

10Y

10.31%

ROCE

TTM

51.29%

4.19%

9.91%

10Y

8.48%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
WEBELSOLAR	87.15	3,784 Cr	18.62	9.64	0.00	51.95	51.29	28.68
BBL	2820.60	3,193 Cr	21.71	1.45	1.24	6.70	8.77	4.73
MARINE	204.21	2,817 Cr	60.42	6.55	0.15	10.86	16.11	6.13
HPL	394.50	2,534 Cr	26.42	2.65	0.25	10.04	12.96	4.25
WEL	167.35	2,245 Cr	124.07	26.48	0.12	17.99	15.88	5.98
ALPEXSOLAR	861.50	2,201 Cr	14.31	4.65	0.00	32.49	34.29	16.42
SERVOTECH	80.17	1,811 Cr	77.09	6.99	0.06	8.75	9.11	4.23

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.18	0.30	0.51	25	112	144	147	173	219	168
Expenses	1.53	1.13	2.70	28	68	81	80	95	115	96
Operating Profit	-1.35	-0.83	-2.19	-3.16	44	63	68	78	103	72
OPM %	-750.00	-276.67	-429.41	-12.71	39.40	43.65	45.84	45.37	47.31	42.97
Other Income	0.12	0.00	-101	-3.98	0.23	0.29	0.39	1.06	2.18	3.28
Interest	0.66	0.57	0.44	4.65	4.65	5.78	5.06	3.79	4.09	4.73
Depreciation	3.80	3.88	3.89	24	7.74	8.56	15	9.86	11	11
Profit Before Tax	-5.69	-5.28	-107	-36	32	49	48	66	91	60
Tax %	12.13	25.19	48.96	-61.62	28.07	13.64	13.61	26.74	26.14	22.61
Net Profit	-5.00	-3.95	-55	-59	23	42	42	48	67	46
EPS in Rs	-1.19	-0.94	-13.83	-13.53	5.42	15.26	9.73	11.25	15.65	10.79

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	296	183	69	196	154	213	17	26	575	683
Expenses	268	167	93	193	120	187	30	33	323	370
Operating Profit	28	17	-25	2.74	34	26	-13	-7.53	253	312
OPM %	9.52	9.06	-35.84	1.40	21.97	12.39	-74.76	-29.12	43.91	45.73
Other Income	71	11	17	3.64	60	5.81	0.51	-104	1.97	3.92
Interest	4.70	8.56	6.11	6.19	9.08	3.05	3.82	4.74	19	19
Depreciation	15	14	15	15	15	15	15	36	41	44
Profit Before Tax	79	4.79	-29	-15	69	14	-32	-153	194	254
Tax %	0.15	0.20	-0.18	126.91	28.68	30.13	24.89	20.77	20.43	21.52
Net Profit	79	4.78	-29	4.11	49	9.67	-24	-121	155	199
EPS in Rs	12.18	0.27	-5.96	2.20	10.12	2.27	-5.64	-29.48	41.66	47.42
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	22	22	27	29	31	31	37	39	42	42
Reserves	-227	36	74	95	94	143	155	152	66	236
Borrowings	352	84	81	76	68	35	36	28	184	153
Other Liabilities	306	175	187	152	118	75	58	48	61	83
Total Liabilities	453	317	369	352	311	284	286	267	353	514
Fixed Assets	266	283	304	287	254	239	225	210	270	285
CWIP	0.00	0.00	0.00	0.91	0.00	0.00	0.00	5.61	30	17
Investments	0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.00
Other Assets	187	34	65	64	56	45	61	51	53	208
Total Assets	453	317	369	352	311	284	286	267	353	514

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	30	142	10	4.95	0.68	36	-2.96	-8.41	35	167
Cash from Investing Activity	-0.32	28	-1.20	5.89	13	-0.28	-0.98	-5.76	-223	-86
Cash from Financing Activity	-30	-168	-12	-11	-14	-35	6.05	10	189	-35
Net Cash Flow	-0.65	2.47	-2.97	0.00	0.44	1.14	2.11	-3.68	0.84	47

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Oct 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	26.77%	26.77%	26.77%	27.71%	27.71%	27.71%	27.71%	27.71%	27.71%	27.71%	27.71%	27.71%
FIIs	4.08%	4.14%	0.83%	0.76%	0.77%	0.47%	0.01%	0.48%	2.46%	4.24%	4.39%	5.47%
DIIs	0.02%	0.02%	0.02%	0.02%	0.25%	0.00%	0.00%	0.00%	0.09%	0.02%	0.44%	0.26%
Public	69.13%	69.08%	72.39%	71.52%	71.27%	71.82%	72.28%	71.81%	69.75%	68.03%	67.47%	66.57%
Total Shareholders	72,622	69,255	62,101	62,102	61,032	86,164	1,02,892	1,13,690	1,22,902	1,27,378	1,26,281	1,27,190

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Dec 02, 2025	Junomoneta finsol private lim...	Bulk	Buy	111.21	26.34 Cr	23,68,392	5.61
Dec 02, 2025	Mathisys advisors llp	Bulk	Buy	111.58	29.32 Cr	26,28,106	6.22
Dec 02, 2025	Hrti private limited	Bulk	Buy	110.32	33.58 Cr	30,43,676	7.21
Dec 02, 2025	Mathisys advisors llp	Bulk	Sell	111.29	29.24 Cr	26,26,962	6.22
Dec 02, 2025	Junomoneta finsol private lim...	Bulk	Sell	111.25	26.33 Cr	23,67,067	5.60
Dec 02, 2025	Hrti private limited	Bulk	Sell	110.01	32.38 Cr	29,43,823	6.97
Feb 14, 2024	Mansi share and stock advisor...	Bulk	Buy	410.96	9.25 Cr	2,25,005	0.53
Feb 14, 2024	Multiplier share & stock advi...	Bulk	Buy	410.95	12.33 Cr	3,00,000	0.71
Feb 14, 2024	Mansi share and stock advisor...	Bulk	Sell	411.39	7.22 Cr	1,75,382	0.41
Feb 14, 2024	Multiplier share & stock advi...	Bulk	Sell	410.98	7.95 Cr	1,93,415	0.45

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q3 FY18

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.18	0.30	0.51	25	112	144	147	173	219	168
Expenses	1.53	1.13	2.70	28	68	81	80	95	115	96
Operating Profit	-1.35	-0.83	-2.19	-3.16	44	63	68	78	103	72
OPM %	-750.00	-276.67	-429.41	-12.71	39.40	43.65	45.84	45.37	47.31	42.97
Other Income	0.12	0.00	-101	-3.98	0.23	0.29	0.39	1.06	2.18	3.28
Interest	0.66	0.57	0.44	4.65	4.65	5.78	5.06	3.79	4.09	4.73
Depreciation	3.80	3.88	3.89	24	7.74	8.56	15	9.86	11	11
Profit Before Tax	-5.69	-5.28	-107	-36	32	49	48	66	91	60
Tax %	12.13	25.19	48.96	-61.62	28.07	13.64	13.61	26.74	26.14	22.61
Net Profit	-5.00	-3.95	-55	-59	23	42	42	48	67	46
EPS in Rs	-1.19	-0.94	-13.83	-13.53	5.42	15.26	9.73	11.25	15.65	10.79

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	296	183	69	196	154	213	17	26	575	683
Expenses	268	167	93	193	120	187	30	33	323	370
Operating Profit	28	17	-25	2.74	34	26	-13	-7.53	253	312
OPM %	9.52	9.06	-35.84	1.40	21.97	12.39	-74.76	-29.12	43.91	45.73
Other Income	71	11	17	3.64	60	5.81	0.51	-104	1.97	3.92
Interest	4.70	8.56	6.11	6.19	9.08	3.05	3.82	4.74	19	19
Depreciation	15	14	15	15	15	15	15	36	41	44
Profit Before Tax	79	4.79	-29	-15	69	14	-32	-153	194	254
Tax %	0.15	0.20	-0.18	126.91	28.68	30.13	24.89	20.77	20.43	21.52
Net Profit	79	4.78	-29	4.11	49	9.67	-24	-121	155	199
EPS in Rs	12.18	0.27	-5.96	2.20	10.12	2.27	-5.64	-29.48	41.66	47.42
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	22	22	27	29	31	31	37	39	42	42
Reserves	-227	36	74	95	94	143	155	152	66	236
Borrowings	352	84	81	76	68	35	36	28	184	153
Other Liabilities	306	175	187	152	118	75	58	48	61	83
Total Liabilities	453	317	369	352	311	284	286	267	353	514
Fixed Assets	266	283	304	287	254	239	225	210	270	285
CWIP	0.00	0.00	0.00	0.91	0.00	0.00	0.00	5.61	30	17
Investments	0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.00
Other Assets	187	34	65	64	56	45	61	51	53	208
Total Assets	453	317	369	352	311	284	286	267	353	514

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	30	142	10	4.95	0.68	36	-2.96	-8.41	35	167
Cash from Investing Activity	-0.32	28	-1.20	5.89	13	-0.28	-0.98	-5.76	-223	-86
Cash from Financing Activity	-30	-168	-12	-11	-14	-35	6.05	10	189	-35
Net Cash Flow	-0.65	2.47	-2.97	0.00	0.44	1.14	2.11	-3.68	0.84	47

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
WEBELSOLAR	87.15	3,784 Cr	18.62	9.64	0.00	51.95	51.29	28.68
BBL	2820.60	3,193 Cr	21.71	1.45	1.24	6.70	8.77	4.73
MARINE	204.21	2,817 Cr	60.42	6.55	0.15	10.86	16.11	6.13
HPL	394.50	2,534 Cr	26.42	2.65	0.25	10.04	12.96	4.25
WEL	167.35	2,245 Cr	124.07	26.48	0.12	17.99	15.88	5.98
ALPEXSOLAR	861.50	2,201 Cr	14.31	4.65	0.00	32.49	34.29	16.42
SERVOTECH	80.17	1,811 Cr	77.09	6.99	0.06	8.75	9.11	4.23

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

Sector

Capital Goods - Electrical Equipment

Industry

Electric Equipment - General - Large

Market Cap

3,784 Cr

Volatility

Moderate Risk

P/E Ratio

18.6

Industry P/E

59.5

PEG Ratio

0.1

P/B Ratio

9.6

52W High

189.11

52W Low

80.22

Sales CAGR

2125.29%

39.23%

24.10%

10Y

8.35%

Profit CAGR

227.93%

152.00%

106.59%

10Y

—

ROE

TTM

51.95%

1.75%

7.34%

10Y

10.31%

ROCE

TTM

51.29%

4.19%

9.91%

10Y

8.48%