Websol Energy System Limited
₹65.51-₹1.44 (-2.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹3,606 Cr
- P/E
- 17.7x
- EV / EBITDA
- -34.0x
- Revenue
- ₹575 Cr
- Net margin
- -465.4%
- ROCE
- -0.3%
Price chart
Technical chartScreen technicals →-46.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -7.1%
- 3M
- -31.0%
- 6M
- -40.9%
- 1Y
- -46.9%
- 5Y
- +718.9%
52-week range
Day change -₹1.44 (-2.2%) from ₹67 to ₹66 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in WEBELSOLAR, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Revenue grew 2111.5% YoY
Concerns1
- Other income is 71.9% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
Websol Energy System Limited manufactures and sells solar photovoltaic (PV) cells and modules in India. The company was formerly known as Websol Energy Systems Ltd. and changed its name to Websol Energy System Limited in October 2011. The company was incorporated in 1990 and is based in Falta, India.
- Sector
- Industrials
- Shares outstanding
- 42.2 Cr shares
- ISIN
- INE855C01023
- BSE code
- 517498
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹3,606 Cr
- P/E
- 17.7x
- P/B
- 9.2x
- EV / EBITDA
- -34.0x
- EV / Sales
- 145.4x
- P/S
- 138.7x
- Earnings yield
- 5.6%
- 52-week high
- ₹134.99
- 52-week low
- ₹51.95
Profitability
- Operating margin
- -3.8%
- Net margin
- -465.4%
- EBITDA margin
- -426.9%
- ROE
- -112.0%
- ROCE
- -0.3%
- ROA
- -34.3%
- Dividend payout
- 0.0%
- Tax rate
- -21.0%
- Other income, % of PBT
- 71.9%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹575 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2111.5%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -33.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹111 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -825.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -228.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹35.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -537.5%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹47.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 32.2%
Solvency and efficiency
- Current ratio
- 0.87
- Debt / Equity
- 1.70
- Debt / Assets
- 0.52
- Debt / EBITDA
- -1.66
- Financial leverage
- 3.27
- CFO / Net profit
- -0.29
- Cash / Market cap
- 1.5%
- Cash per share
- ₹1.26
- Asset turnover
- 0.07
- Fixed asset turnover
- 0.10
- Capital intensity
- 10.38
- Debtor days
- 11 days
- Inventory turnover
- 0.70
- Cash conversion cycle
- -798 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹27 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹322 Cr |
| Sales | Operating profit | ₹253 Cr |
| Operating profit | Interest | ₹20 Cr |
| Operating profit | Depreciation | ₹41 Cr |
| Operating profit | Profit before tax | ₹192 Cr |
| Other income | Profit before tax | ₹2 Cr |
| Profit before tax | Tax and other | ₹39 Cr |
| Profit before tax | Net profit | ₹155 Cr |
Revenue and net profit
Revenue grew 2111.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹154 Cr | ₹49 Cr |
| FY2022 | ₹213 Cr | ₹10 Cr |
| FY2023 | ₹17 Cr | -₹24 Cr |
| FY2024 | ₹26 Cr | -₹121 Cr |
| FY2025 | ₹575 Cr | ₹155 Cr |
Cash flows
FY2025: ₹167 Cr from operations, ₹81.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹36 Cr | ₹36 Cr |
| FY2022 | -₹3 Cr | -₹4 Cr |
| FY2023 | -₹8 Cr | -₹14 Cr |
| FY2024 | ₹35 Cr | -₹188 Cr |
| FY2025 | ₹167 Cr | ₹81 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹575 Cr+2,111.5%1Y
- Net profit
- ₹155 Cr
- Cash from operations
- ₹167 Cr
- Free cash flow
- ₹81 Cr
- Revenue CAGR, 5Y
- -33.2%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹575 Cr | ₹253 Cr | — | ₹155 Cr | ₹167 Cr | ₹81 Cr | 55.8% | +2111.5% | -228.1% |
Monthly returns
Month-by-month returns of WEBELSOLAR across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹514 Cr |
| Equity capital | ₹42 Cr |
| Reserves | ₹236 Cr |
| Borrowings | ₹153 Cr |
| Other liabilities | ₹83 Cr |
| Assets | ₹514 Cr |
| Fixed assets | ₹285 Cr |
| Capital work in progress | ₹17 Cr |
| Investments | ₹5 Cr |
| Other assets | ₹208 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
WEBELSOLAR trades at 17.7x earnings against a peer median of 38.3x (a 54% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Websol Energy System LimitedWEBELSOLARthis companyP/E ↓ discount | ₹3,606 Cr | 17.7x | 9.2x | -112.0% | -34.0x |
| Goodluck India LimitedGOODLUCK | ₹3,819 Cr | 23.3x | 2.9x | 12.8% | 14.3x |
| WPIL LtdWPIL | ₹3,707 Cr | 33.6x | 4.1x | 18.7% | 16.0x |
| Bondada Engineering LimitedBONDADA | ₹3,690 Cr | 24.2x | 7.3x | 26.1% | 58.3x |
| Harsha Engineers International LimitedHARSHA | ₹3,495 Cr | 26.6x | 2.6x | 10.2% | 17.2x |
| Interarch Building Solutions LimitedINTERARCH | ₹3,477 Cr | 27.3x | 4.3x | 19.4% | 25.4x |
| Ramky Infrastructure LimitedRAMKY | ₹3,459 Cr | 16.9x | 2.1x | 28.6% | 5.9x |
| Uflex LimitedUFLEX | ₹3,418 Cr | 16.4x | 1.0x | 5.3% | 7.5x |
| MSTC LimitedMSTCLTD | ₹3,346 Cr | 15.4x | 4.0x | 25.9% | 10.8x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
WEBELSOLAR since 1 January, against earlier years.
Historical volatility
WEBELSOLAR's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 22.0% |
| FY2022 | 12.0% |
| FY2023 | -74.0% |
| FY2024 | -5.0% |
| FY2025 | 44.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹575 Cr |
| Costs | |
| Interest | ₹20 Cr |
| Expenses | ₹322 Cr |
| Operating profitOperating Profit | ₹253 Cr |
| Other income and charges | |
| Profit before tax | ₹194 Cr |
| Tax | |
| Net profitNet Profit | ₹155 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹514 Cr |
| Equity capitalEquity Capital | ₹42 Cr |
| Reserves | ₹236 Cr |
| Borrowings | ₹153 Cr |
| Other liabilitiesOther Liabilities | ₹83 Cr |
| AssetsTotal Assets | ₹514 Cr |
| Fixed assetsFixed Assets | ₹285 Cr |
| Capital work in progressCWIP | ₹17 Cr |
| Investments | ₹5 Cr |
| Other assetsOther Assets | ₹208 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹167 Cr |
| Investing cash flowCash from Investing Activity | -₹86 Cr |
| Financing cash flowCash from Financing Activity | -₹35 Cr |
| Change in cashNet Cash Flow | ₹47 Cr |
Learn while you research
Academy chapters picked for Websol Energy System Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing2112% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Leverage RatiosDebt/Equity of 1.70 is elevated, understand what that means for solvency.6 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read