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Websol Energy System Ltd
NSE: WEBELSOLAR BSE: 517498 INE855C01023 Industrials Electrical Equipment 🔎 Screen
Microcap 250
₹4,109 Cr
Market Cap
13.6
P/E
0.09
PEG
63.2%
ROCE
66.9%
ROE
0.21
D/E
41.8%
OPM
-38.7%
% from 52W High
5
α RS
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

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

✓ 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%
! Concerns 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
Key Ratios Snapshot
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📈 Growth Pattern
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📈 STRONG Net Profit up 158% to ₹124 Cr
Revenue
Revenue rose 131.8% YoY to ₹401 Cr and 53.6% QoQ. This significant increase indicates strong business growth. Revenue has more than doubled from the same quarter last year.
Profitability
Net Profit increased 158.3% YoY to ₹124 Cr, with EPS of 2.87. Profitability has seen a substantial increase, outpacing revenue growth. This is reflected in the significant rise in EPS from 1.14 last year.
Margins
OPM stood at 36%, down from 45% in the same quarter last year but up from 41% in the previous quarter. The OPM trend indicates some margin compression, but overall profitability remains strong. Operating profit rose 87.2% YoY to ₹146 Cr.
Cash Flow
No cash flow data is available for this quarter, making it difficult to assess the quality of earnings. CFO, CFI, and CFF are not reported, limiting the analysis of the company's cash generation capabilities.
Balance Sheet
Borrowings are ₹131 Cr, with reserves of ₹587 Cr. The debt-to-equity ratio is 0.21, indicating a relatively healthy balance sheet. Total assets stand at ₹930 Cr, providing a snapshot of the company's asset base.
Key Risks
Dependence on a few large orders could pose a risk to revenue stability. Margin compression, as seen in the OPM decline, could impact profitability if not managed. The lack of cash flow data limits the ability to assess the company's financial health fully.
Outlook
Given the strong revenue and profitability growth, the company is well-positioned for future expansion. However, managing margins and improving cash flow transparency will be crucial for sustaining long-term growth and investor confidence.
Generated by AI · Mar 2026 results · Not investment advice
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Investment Risk:
Investing in securities, including equities and mutual funds, involves inherent risks, including the potential loss of principal. All investments are subject to market fluctuations, regulatory changes, and other risks that may affect their value. Past performance is not indicative of future results. This report is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

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This report does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a SEBI-registered investment adviser or other qualified financial professional before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities or financial instruments discussed in this report. Any such positions, if material, are disclosed to the best of the author's knowledge and are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company, institution, or third party.

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The analysis and opinions expressed herein are based on publicly available information, including but not limited to company filings with the BSE/NSE, annual reports, management commentary, investor presentations, data from the Reserve Bank of India (RBI), SEBI, industry publications, and other reliable financial data sources. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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