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Websol Energy System Overview

Websol Energy System Ltd is a manufacturer of photovoltaic monocrystalline solar cells and modules in India. The Company's fundamental merchandise are Solar Photovoltaic Cells and Modules. It designs modules for grid and solar photovoltaic (PV) power plants, remote communique and rural electrification. The Company gives its cells and modules in both domestic and commercial photovoltaic programs. Its product variety from 5 watt to 220 watt caters to needs ranging from rural electrification to power plants. Every solar cell that the Company manuf...Read More

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Websol Energy System Key Financials

Market Cap ₹4813 Cr.

Stock P/E 31.1

P/B 9.2

Current Price ₹110.9

Book Value ₹ 12

Face Value 1

52W High ₹159.9

Dividend Yield 0%

52W Low ₹ 50.4

Websol Energy System Share Price

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Volume
Price

Websol Energy System Quarterly Price

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Websol Energy System Peer Comparison

Websol Energy System Quarterly Results

#(Fig in Cr.) Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 0 0 0 1 25 112 144 173 219 168
Other Income 1 0 0 0 1 0 0 1 2 3
Total Income 1 0 0 1 26 112 144 174 221 172
Total Expenditure 2 2 1 3 28 68 81 95 115 96
Operating Profit -0 -1 -1 -2 -2 44 63 80 106 76
Interest 1 1 1 0 5 5 6 4 4 5
Depreciation 4 4 4 4 24 8 9 10 11 11
Exceptional Income / Expenses -0 0 0 -101 -5 0 0 0 0 0
Profit Before Tax -5 -6 -5 -107 -36 32 49 66 91 60
Provision for Tax 0 -1 -1 -52 22 9 7 18 24 14
Profit After Tax -5 -5 -4 -55 -59 23 42 48 67 46
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -5 -5 -4 -55 -59 23 42 48 67 46
Adjusted Earnings Per Share -0.1 -0.1 -0.1 -1.3 -1.4 0.5 1 1.1 1.6 1.1

Websol Energy System Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 356 280 296 183 69 196 154 213 17 26 575 704
Other Income 6 1 77 11 17 11 4 5 3 1 2 6
Total Income 361 280 373 194 86 206 158 218 20 27 577 711
Total Expenditure 351 271 267 167 93 193 120 187 30 33 322 387
Operating Profit 11 9 106 28 -7 14 38 31 -10 -6 255 325
Interest 2 1 5 9 6 6 9 3 4 5 20 19
Depreciation 16 15 15 14 15 15 15 15 15 36 41 41
Exceptional Income / Expenses -44 -2 -6 0 0 -7 56 1 -2 -105 0 0
Profit Before Tax -52 -9 79 5 -29 -15 69 14 -32 -153 194 266
Provision for Tax 0 1 0 0 0 -19 20 4 -8 -32 40 63
Profit After Tax -52 -10 79 5 -29 4 49 10 -24 -121 155 203
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -52 -10 79 5 -29 4 49 10 -24 -121 155 203
Adjusted Earnings Per Share -2.4 -0.4 3.6 0.2 -1 0.1 1.6 0.3 -0.6 -2.9 3.7 4.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2112% 39% 24% 5%
Operating Profit CAGR 0% 102% 79% 37%
PAT CAGR 0% 149% 108% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -29% 137% 91% 36%
ROE Average 84% -3% 6% 1%
ROCE Average 59% -4% 7% 5%

Websol Energy System Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -195 -205 58 101 124 124 174 192 191 108 278
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 171 252 51 56 35 40 13 4 0 162 123
Other Non-Current Liabilities 20 20 41 112 58 39 25 27 18 -13 28
Total Current Liabilities 592 386 167 101 135 108 72 63 58 80 86
Total Liabilities 587 453 317 369 352 311 284 286 267 337 515
Fixed Assets 280 266 283 304 287 254 239 225 210 270 285
Other Non-Current Assets 68 70 12 13 4 3 3 4 39 36 65
Total Current Assets 240 117 22 52 61 53 42 57 18 31 164
Total Assets 587 453 317 369 352 311 284 286 267 337 515

Websol Energy System Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 1 1 3 0 0 1 2 4 0 1
Cash Flow from Operating Activities -13 30 142 10 5 1 36 -3 -8 35 167
Cash Flow from Investing Activities -1 -0 28 -1 6 13 -0 -1 -6 -223 -86
Cash Flow from Financing Activities 13 -30 -168 -12 -11 -14 -35 6 10 189 -35
Net Cash Inflow / Outflow -1 -1 2 -3 0 0 1 2 -4 1 47
Closing Cash & Cash Equivalent 1 1 3 0 0 1 2 4 0 1 48

Websol Energy System Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -2.38 -0.45 3.58 0.18 -1 0.13 1.59 0.26 -0.61 -2.87 3.67
CEPS(Rs) -1.64 0.21 4.27 0.71 -0.46 0.64 2.08 0.68 -0.22 -2.01 4.64
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -9.75 -10.2 2.64 3.77 4.27 4.07 5.58 5.23 4.93 2.55 6.21
Core EBITDA Margin(%) 1.46 3.11 9.66 9.14 -35.79 1.43 21.99 12.4 -74.33 -28.5 43.99
EBIT Margin(%) -13.96 -2.59 28.36 7.36 -33.18 -4.62 51.01 7.93 -160.47 -571.45 37.23
Pre Tax Margin(%) -14.59 -3.1 26.64 2.62 -42.15 -7.81 45.09 6.49 -183.09 -590.43 33.79
PAT Margin (%) -14.72 -3.53 26.59 2.61 -42.22 2.1 32.15 4.54 -137.51 -467.77 26.89
Cash Profit Margin (%) -10.15 1.66 31.71 10.38 -19.62 10.01 42.15 11.73 -48.43 -328.49 34
ROA(%) -8.61 -1.9 20.45 1.39 -8.03 1.24 16.6 3.39 -8.56 -40.02 36.33
ROE(%) 0 0 0 6.03 -25.79 3.31 33.11 5.29 -12.37 -80.91 83.7
ROCE(%) -25.09 -4.88 62.12 8.34 -11.93 -4.49 38.17 7.75 -12.39 -57.99 59.38
Receivable days 170.9 150 45.22 22.55 82.52 25.58 44.7 40.19 305.3 17.52 1.69
Inventory Days 46.9 48.03 15.28 22.3 138.6 42.88 35.4 34.39 381.79 232.29 16.99
Payable days 282.86 320.72 163.3 140.24 454.16 163.69 189.24 78.27 901.61 965.32 83.46
PER(x) 0 0 1.51 49.22 0 9.3 2.63 35.64 0 0 32.6
Price/Book(x) -0.22 -0.56 2.04 2.34 0.6 0.31 0.75 1.8 1.57 19.1 19.25
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.2 1.7 0.67 1.72 2.18 0.59 1.06 1.77 19 86.61 8.88
EV/Core EBITDA(x) 39.78 50.32 1.89 11.39 -20.63 8.42 4.28 12.15 -33.42 -349.2 20.03
Net Sales Growth(%) 16.77 -21.38 5.86 -38.1 -62.59 185.22 -21.45 38.82 -91.92 50.13 2125.35
EBIT Growth(%) -15.22 85.44 1261.11 -83.93 -268.59 60.3 967.67 -78.42 -263.45 -434.66 244.97
PAT Growth(%) 29.56 81.15 897.7 -93.93 -705.16 114.2 1101.19 -80.42 -344.94 -410.69 227.93
EPS Growth(%) 29.56 81.15 897.75 -95 -656.16 113.48 1079.91 -83.36 -331.34 -369.45 227.92
Debt/Equity(x) -1.79 -1.57 1.45 0.8 0.61 0.62 0.2 0.19 0.14 1.7 0.58
Current Ratio(x) 0.4 0.3 0.13 0.51 0.45 0.5 0.58 0.91 0.31 0.39 1.91
Quick Ratio(x) 0.32 0.25 0.11 0.33 0.2 0.38 0.33 0.56 0.07 0.15 1.51
Interest Cover(x) -22.31 -5.07 16.43 1.55 -3.7 -1.45 8.61 5.51 -7.09 -30.12 10.84
Total Debt/Mcap(x) 8.23 2.81 0.71 0.34 1.03 2.03 0.27 0.1 0.09 0.09 0.03

Websol Energy System Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 27.71 27.71 27.71 27.71 27.71 27.71 27.71 27.71 27.71 29.72
FII 0.77 0.47 0.01 0.48 2.46 4.24 4.39 5.47 5.4 4.12
DII 0.25 0 0 0 0.09 0.02 0.44 0.26 0.31 0.32
Public 71.27 71.82 72.28 71.81 69.75 68.03 67.47 66.57 66.58 65.84
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Websol Energy System News

Websol Energy System Pros & Cons

Pros

  • Company has delivered good profit growth of 107% CAGR over last 5 years
  • Debtor days have improved from 965.32 to 83.46days.
  • Company has reduced debt.

Cons

  • Promoter holding is low: 29.72%.
  • Company has a low return on equity of -3% over the last 3 years.
  • Stock is trading at 9.2 times its book value.
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