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Websol Energy System

WEBELSOLAR NSE
₹68.58 +1.43 (+2.13%)
P/E
9.39
View as Markdown
MCP
Close 4 Nov 2026 ₹68.58 −65.18 −48.7% 1Y
Start ₹133.76

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
63.20%
Debt to Equity
0.21
EPS (TTM)
₹7.30
Book Value
₹14.53
Market Cap
—
P/E (TTM)
9.39
P/B
4.72
ROE
66.90%
Dividend Yield
0.37%
EBITDA
₹438 Cr
52W High
₹137.90
52W Low
₹50.40
Day Range
₹65.72 – ₹69.00
Volume
13,58,028

Peer Comparison

Industrials › Capital Goods › Other Electrical Equipment

Websol Energy System peer comparison
Waaree Energies
₹2,408.0018.15₹67,713 Cr4.320.17%32.50%38.40%₹30,043 Cr₹4,003 Cr
Apar Industries
₹15,998.0054.39₹65,476 Cr7.860.39%20.30%31.80%₹24,389 Cr₹1,181 Cr
Premier Energies
₹904.0024.61₹40,624 Cr9.530.11%41.00%32.70%₹8,466 Cr₹1,674 Cr
Diamond Power Infrastructure
₹385.85111.84₹22,658 Cr—0.00%—10.40%₹2,348 Cr₹182 Cr
MTAR Technologies
₹6,036.50137.95₹19,040 Cr22.570.05%12.60%15.20%₹1,080 Cr₹134 Cr
Emmvee Photovoltaic Power
₹246.4112.03₹16,196 Cr3.890.43%50.70%44.60%₹6,023 Cr₹1,418 Cr
Avalon Technologies
₹2,041.00102.05₹13,437 Cr18.920.00%16.50%19.30%₹1,764 Cr₹134 Cr
Websol Energy System (this company)
₹68.589.39₹2,896 Cr4.720.37%66.90%63.20%₹1,203 Cr₹313 Cr
Median 8 companies₹1,472.5039.50₹20,849 Cr7.860.14%32.50%32.25%₹4,186 Cr₹747 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

62 Good

Data confidence 100/100

Category scores

Quality
72
Strong
Returns, margins, earnings quality 22% weight
Valuation
71
Strong
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
78
Strong
Solvency, leverage, coverage 9% weight
Momentum
15
Poor
Trend strength, vol-adjusted 12% weight
Ownership
52
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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

1
  • Promoter holding is low: 29.7%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
51.28
Neutral
MACD (12,26,9)
−1.35
Bullish
SMA (50)
70.95
Bearish
SMA (200)
84.32
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+13.28%
5Y+44.61%
3Y+285.51%
1Y+86.95%
TTM+76.13%

Net profit

Net profit growth by window
10YTurned to profit
5Y+43.96%
3YTurned to profit
1Y+95.48%
TTM+57.29%

Operating cash flow

Operating cash flow growth by window
10Y+23.86%
5Y+47.93%
3YTurned positive
1Y+52.69%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+40.84 pp
5Y+21.97 pp
3Y+120.52 pp
1Y−4.51 pp
TTM−8.27 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹296 Cr
Mar 2018₹183 Cr
Mar 2019₹69.00 Cr
Mar 2020₹196 Cr
Mar 2021₹154 Cr
Mar 2022₹213 Cr
Mar 2023₹17.00 Cr
Mar 2024₹26.00 Cr
Mar 2025₹521 Cr
Mar 2026₹974 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹79.00 Cr
Mar 2018₹5.00 Cr
Mar 2019−₹29.00 Cr
Mar 2020₹4.00 Cr
Mar 2021₹49.00 Cr
Mar 2022₹10.00 Cr
Mar 2023−₹24.00 Cr
Mar 2024−₹121 Cr
Mar 2025₹155 Cr
Mar 2026₹303 Cr

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
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

96d ago

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.

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.

Quarterly Results

₹ Cr
WEBELSOLAR quarterly results, ₹ crore
Particulars 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 %
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
−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 (₹)
−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

Profit & Loss

₹ Cr
WEBELSOLAR profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
356
280
296
183
69
196
154
213
17
26
521
974
1,203
Expenses
351
271
267
167
93
193
120
187
30
27
268
546
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%
49%
44%
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
19
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
360
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 (₹)
−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%
—

Balance Sheet

₹ Cr
WEBELSOLAR balance sheet, annual, ₹ crore
Particulars 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

Cash Flow

₹ Cr
WEBELSOLAR cash flow, annual, ₹ crore
Particulars 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
124
75
CFO/OP
−235
357
497
81
−23
1
107
−11
65
−2,645
67
66

Ratios

WEBELSOLAR financial ratios, annual
Particulars 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
35
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
8
113
Working Capital Days
−363
−353
−183
−98
−397
−102
−77
−16
−853
−709
−6
55
ROCE %
−5%
−3%
62%
8%
−12%
−1%
11%
7%
−11%
−14%
59%
63%

Insights

Beta

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

Log in to view Websol Energy System insights

62 extracted metrics across FY08–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 57.96%
  • Promoters 29.72%
  • Others 7.95%
  • FIIs 4.17%
  • DIIs 0.21%

15.64% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Websol Energy System

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.
Where is Websol Energy System Ltd (WEBELSOLAR) listed?
Websol Energy System Ltd trades as WEBELSOLAR on the NSE and under code 517498 on the BSE.
Which sector does Websol Energy System Ltd belong to?
Websol Energy System Ltd is classified under the Capital Goods sector, in the Other Electrical Equipment industry.
What is the PE ratio of Websol Energy System Ltd?
Websol Energy System Ltd trades at a PE ratio of 9.39 as of 4 Nov 2026, on earnings per share of ₹7.3, against a book value of ₹14.53 per share.
What is the 52-week high and low of Websol Energy System Ltd?
Over the last 52 weeks Websol Energy System Ltd has traded between ₹50.4 and ₹137.9 as of 4 Nov 2026.
Does Websol Energy System Ltd pay dividends?
Websol Energy System Ltd has a dividend yield of 0.37%.
What is the Return on Equity (ROE) of Websol Energy System Ltd?
Websol Energy System Ltd reported a return on equity of 66.90%. Its debt-to-equity ratio is 0.21.

Company Information

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

Website websolenergy.com
CEO Mr. Sohan Lal Agarwal
Employees 333
Listed 15 May 2007
Face Value ₹1

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