Websol Energy System Ltd logo

Websol Energy System Ltd

WEBELSOLAR NSE

Key Fundamentals

MicrocapOther Electrical EquipmentCapital Goods
Market Cap
₹3,504 Cr
Volatility
Low Risk
P/E Ratio
10.88
EBITDA
₹427 Cr
Return on Equity
55.65%
Debt to Equity
0.21
Book Value
₹14.53
52W High
₹141.5
52W Low
₹50.4

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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51 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 99.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 56.4%

Weaknesses

3
  • Promoter holding is low: 29.7%
  • Promoters have pledged 89.4% of their holding.
  • Working capital days have increased from -215 days to 68.8 days

Growth Rate

Revenue Growth
81.75% ↗
Net Income Growth
111.45% ↗
Cash Flow Change
379.26% ↗
ROE
-149.56% ↘
ROCE
-191.82% ↘
EBITDA Margin (Avg.)
-8.55% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 26d ago
AI opinion · based on fundamentals
Risk high

Websol Energy System Ltd is a solar energy company with a market cap of ₹4,174 Cr trading at a PE of 13.6x. The company has delivered exceptional profit growth of 99% CAGR over 5 years and TTM sales growth of 82%, but faces governance concerns with promoter holding at just 29.7% and 89.4% of promoter shares pledged.

Bull Case 7
  • Exceptional 5-year compounded profit growth of 99% CAGR indicates strong earnings momentum in the solar energy space
  • TTM sales growth of 82% demonstrates robust top-line expansion and rising demand for the company's products
  • 3-year ROE of 56% and last year ROE of 67% reflect highly efficient capital deployment relative to equity base
  • PE ratio of 13.6x appears undemanding relative to the high growth rates delivered, with TTM profit growth at 97%
  • 3-year compounded sales CAGR of 294% shows the company has scaled rapidly in recent years, riding the solar energy tailwind in India
  • Company is expected to deliver a good upcoming quarter based on operational momentum
  • 5-year stock CAGR of 71% and 10-year stock CAGR of 36% show long-term wealth creation track record despite recent correction
Bear Case 8
  • Promoters have pledged 89.4% of their holding, creating significant risk of forced selling or loss of control in a downturn
  • Promoter holding is low at just 29.7%, raising concerns about alignment of interests and vulnerability to hostile actions
  • Stock has declined 29% over the past 1 year, indicating significant negative sentiment or valuation correction from elevated levels
  • Working capital days have deteriorated sharply from -215 days to 68.8 days, suggesting a shift from advance-based collections to extended receivables or inventory buildup
  • 52-week high and low data unavailable (reported as 0), limiting visibility into recent trading range and volatility
  • Debt-to-equity ratio is unavailable, making it difficult to fully assess the company's leverage and financial risk profile
  • 10-year sales CAGR of only 14% versus 3-year CAGR of 294% suggests the recent growth spurt may not be sustainable over longer cycles
  • Dividend yield of just 0.26% indicates minimal cash return to shareholders despite high profitability

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 26d ago
Neutral 1
  • MD re-appointment approved by shareholders Jul 27

    Sohan Lal Agarwal re-appointed as Managing Director for 3 years with 90.86% shareholder support. Notable institutional investor dissent signals some governance concerns despite passage.

TL;DR: Limited recent news flow for Websol Energy System. The only development is a routine MD re-appointment that passed comfortably but drew meaningful institutional dissent, suggesting some governance friction. With no operational or financial updates available, the near-term outlook remains driven by broader solar sector dynamics.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0
0
1
25
112
144
147
173
219
168
261
401
373
Expenses
2
1
3
28
68
81
80
95
115
96
155
255
247
Operating Profit
-1
-1
-2
-3
44
63
68
78
103
72
106
146
126
OPM %
-750%
-277%
-429%
-13%
39%
44%
46%
45%
47%
43%
41%
36%
34%
Other Income
0
0
-101
-4
0
0
0
1
2
3
-3
6
4
Interest
1
1
0
5
5
6
5
4
4
5
4
4
4
Depreciation
4
4
4
24
8
9
15
10
11
11
16
24
22
PBT
-6
-5
-107
-36
32
49
48
66
91
60
84
125
104
Tax %
-12%
-25%
-49%
62%
28%
14%
14%
27%
26%
23%
23%
0%
25%
Net Profit
-5
-4
-55
-59
23
42
42
48
67
46
65
124
78
EPS in Rs
-0.13
-0.1
-1.29
-1.39
0.54
0.99
0.98
1.14
1.59
1.1
1.54
2.87
1.79
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
356
280
296
183
69
196
154
213
17
26
575
1,049
1,203
Expenses
351
271
267
167
93
193
120
187
30
27
322
621
753
Operating Profit
5
9
29
17
-25
3
34
26
-13
-1
253
429
451
OPM %
1.5%
3.1%
10%
9%
-36%
1.4%
22%
12%
-74%
-5%
44%
41%
37%
Other Income
-39
-1
70
11
17
4
60
6
1
-110
2
9
11
Interest
2
1
5
9
6
6
9
3
4
5
20
16
16
Depreciation
16
15
15
14
15
15
15
15
15
36
41
62
73
PBT
-52
-9
79
5
-29
-15
69
14
-32
-153
194
359
372
Tax %
1%
14%
0%
0%
0%
-127%
29%
30%
-25%
-21%
20%
16%
—
Net Profit
-52
-10
79
5
-29
4
49
10
-24
-121
155
303
314
EPS in Rs
-2.38
-0.45
3.58
0.18
-1
0.13
1.59
0.26
-0.61
-2.87
3.67
6.98
7.3
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
4%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
22
22
22
27
29
31
31
37
39
42
42
43
Reserves
-217
-227
36
74
95
94
143
155
152
66
236
587
Borrowings
382
352
84
81
76
78
35
36
28
184
153
131
Other Liabilities
400
306
175
187
152
109
75
58
48
61
83
169
Total Liabilities
587
453
317
369
352
311
284
286
267
353
514
930
Fixed Assets
280
266
283
304
287
254
239
225
210
270
285
459
CWIP
0
0
0
0
1
0
0
0
6
30
17
0
Investments
0
0
0
0
0
0
0
0
0
0
5
52
Other Assets
307
187
34
65
64
56
45
61
51
53
208
419
Total Assets
587
453
317
369
352
311
284
286
267
353
514
930
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-13
30
142
10
5
1
36
-3
-8
35
167
255
Investing
-4
0
28
-1
6
13
0
-1
-6
-223
-86
-233
Financing
15
-30
-168
-12
-11
-14
-35
6
10
189
-35
-3
Net Cash Flow
-1
-1
2
-3
0
0
1
2
-4
1
47
18
Free Cash Flow
-14
30
164
4
6
12
36
-4
-14
-189
86
75
CFO/OP
-235
357
497
81
-23
1
107
-11
65
-2,645
67
66
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
162
94
2
42
51
33
47
46
37
11
3
32
Inventory Days
61
33
7
51
216
29
70
56
544
525
70
142
Days Payable
283
250
64
172
517
134
157
58
878
1,334
66
63
Cash Conversion Cycle
-60
-124
-55
-79
-249
-72
-40
45
-298
-798
7
111
Working Capital Days
-363
-353
-183
-98
-397
-102
-77
-16
-853
-709
-5
69
ROCE %
-5%
-3%
62%
8%
-12%
-1%
11%
7%
-11%
-14%
59%
63%

Shareholding Pattern

As of Jun 2026
Public 57.96%
Promoters 29.72%
Others 8.15%
FIIs 3.74%
DIIs 0.43%
Total 100.00%
  Feb 2021Mar 2021Jun 2021Jul 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Nov 2022Dec 2022Mar 2023Jun 2023Sep 2023Oct 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
25.04%
25.04%
25.04%
27.37%
25.37%
25.37%
25.37%
25.37%
25.37%
26.77%
26.77%
26.77%
26.77%
26.77%
27.71%
27.71%
27.71%
27.71%
27.71%
27.71%
27.71%
27.71%
27.71%
27.71%
29.72%
29.72%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.83%
0.76%
0.77%
0.47%
0.01%
0.48%
2.46%
4.24%
4.39%
5.47%
5.40%
4.12%
3.74%
DIIs
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.01%
0.25%
0.00%
0.00%
0.00%
0.09%
0.02%
0.44%
0.26%
0.31%
0.32%
0.43%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
57.12%
61.25%
65.17%
62.98%
61.69%
64.77%
67.46%
67.82%
64.51%
62.33%
63.33%
62.90%
62.47%
63.43%
63.04%
61.26%
60.84%
61.74%
60.59%
59.16%
57.45%
56.91%
59.13%
58.56%
57.64%
57.96%
Others
17.82%
13.69%
9.77%
9.63%
12.92%
9.84%
7.15%
6.79%
10.10%
10.89%
9.89%
10.31%
10.74%
8.97%
8.48%
10.01%
10.97%
10.54%
11.22%
10.59%
10.58%
10.56%
7.43%
8.02%
8.19%
8.15%
No. of Shareholders
0
23,048
24,135
25,454
25,167
27,874
60,249
78,173
78,231
76,495
76,434
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
1,42,556
1,36,964
1,64,654

Documents

Frequently Asked Questions about Websol Energy System Ltd

What does Websol Energy System Ltd do?
Websol Energy System Limited is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India. [1]
Where is Websol Energy System Ltd (WEBELSOLAR) listed?
Websol Energy System Ltd is listed on the Indian stock exchanges. It is listed on NSE: WEBELSOLAR and BSE: 517498. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Websol Energy System Ltd belong to?
Websol Energy System Ltd operates in the Capital Goods sector within the Other Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Websol Energy System Ltd?
Websol Energy System Ltd has a market capitalisation of approximately ₹3503.70 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Websol Energy System Ltd?
The Price-to-Earnings (PE) ratio of Websol Energy System Ltd is 10.88. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Websol Energy System Ltd?
Over the past 52 weeks, Websol Energy System Ltd has traded between a low of ₹50.4 and a high of ₹141.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Websol Energy System Ltd pay dividends?
Yes, Websol Energy System Ltd has a dividend yield of 0.31%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Websol Energy System Ltd?
Websol Energy System Ltd has a Return on Equity (ROE) of 55.65%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Websol Energy System Ltd on Tapetide?
On Tapetide, you can view Websol Energy System Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Websol Energy System Limited is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India. [1]

Website websolenergy.com
CEO Mr. Sohan Lal Agarwal
Employees 333
Listed 2007-05-15
Face Value ₹ 1
Issued Size 42,20,63,470

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