MarketFriction

Websol Energy System Ltd

NSE WEBELSOLAR · BSE 517498 · Other Electrical Equipment
₹68.70 -2.64%
NSE close2026-10-01
52 week range50.40 - 137.90
Market cap₹3,066 Cr.
P/E9.76
Microcap 250 Price band 5% Delivery 51.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0125112144147173219168261401373
Expenses13286881809511596155255247
Operating Profit-1-2-34463687810372106146126
OPM %-277%-429%-13%39%44%46%45%47%43%41%36%34%
Other Income0-101-4000123-364
Interest105565445444
Depreciation44248915101111162422
Profit before tax-5-107-3632494866916084125104
Tax %-25%-49%62%28%14%14%27%26%23%23%0%25%
Net Profit-4-55-592342424867466512478
EPS in Rs-0.10-1.29-1.390.540.990.981.141.591.101.542.871.79
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2802961836919615421317265219741,203
Expenses271267167931931201873027268546753
Operating Profit92917-2533426-13-1253429451
OPM %3.1%10%9%-36%1.4%22%12%-74%-5%49%44%37%
Other Income-170111746061-1102911
Interest159669345191616
Depreciation151514151515151536416273
Profit before tax-9795-29-156914-32-153194360372
Tax %14%0%0%0%-127%29%30%-25%-21%20%16%
Net Profit-10795-2944910-24-121155303314
EPS in Rs-0.453.580.18-1.000.131.590.26-0.61-2.873.676.987.30
Dividend Payout %0%0%0%0%0%0%0%0%0%0%4%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%45%284%76%
Compounded Profit Growth45%99%154%58%
Stock Price CAGR33%61%68%-43%
Return on Equity%37%56%67%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222272931313739424243
Reserves-217-2273674959414315515266236587
Borrowings38235284817678353628184153131
Other Liabilities4003061751871521097558486183169
Total Liabilities587453317369352311284286267353514930
Fixed Assets280266283304287254239225210270285459
CWIP00001000630170
Investments0000000000552
Other Assets3071873465645645615153208419
Total Assets587453317369352311284286267353514930
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1330142105136-3-835167255
Cash from Investing Activity-4-028-1613-0-1-6-223-86-233
Cash from Financing Activity15-30-168-12-11-14-35610189-35-3
Net Cash Flow-1-12-30012-414718
Free Cash Flow-1430164461236-4-14-18912475
CFO/OP-235%357%497%81%-23%1%107%-11%65%-2,645%67%66%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days16294242513347463711335
Inventory Days613375121629705654452570142
Days Payable28325064172517134157588781,3346663
Cash Conversion Cycle-60-124-55-79-249-72-4045-298-7988113
Working Capital Days-363-353-183-98-397-102-77-16-853-709-655
ROCE %-5%-3%62%8%-12%-1%11%7%-11%-14%59%63%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters26.76%27.71%27.71%27.71%27.71%27.71%27.71%27.71%27.71%27.71%29.72%29.72%
FIIs0.83%0.77%0.47%0.01%0.48%2.46%4.24%4.39%5.47%5.40%4.12%3.74%
DIIs0.02%0.25%0.00%0.00%0.00%0.09%0.02%0.44%0.26%0.31%0.32%0.43%
Public72.40%71.26%71.82%72.28%71.80%69.74%68.04%67.47%66.57%66.59%65.85%66.12%
No. of Shareholders62,10161,03286,1641,02,8921,13,6901,22,9021,27,3781,26,2811,27,1901,42,5561,38,9001,64,654

Fundamentals

Market Cap₹ 3,066 Cr.
Current Price₹ 70.6
Stock P/E9.76
Book Value₹ 14.5
ROCE63.2 %
ROE66.9 %
Dividend Yield0.35 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)76%
Compounded Profit Growth (TTM)58%
Standalone figures.
Valuation
Market capRs 2,983 Cr
Enterprise valueRs 3,013 Cr
P/E (TTM)9.51x
Price to book4.73x
Price to sales2.48x
EV / EBITDA6.53x
EV / EBIT7.76x
EV / sales2.50x
Price to cash flow11.71x
Earnings yield10.51%
Dividend yield0.36%
P/E, 3-year average6.28x
P/B, 3-year average2.73x
P/E, 5-year average5.37x
P/B, 5-year average1.70x
Profitability
Operating margin (excl. other income)43.99%
Operating margin (incl. other income)44.87%
EBITDA margin38.34%
Pre-tax margin30.96%
Net profit margin26.06%
Net margin, latest quarter20.88%
ROE66.69%
ROCE62.96%
ROA41.94%
ROE, 3-year average22.00%
ROCE, 3-year average21.39%
ROA, 3-year average12.87%
ROE, 5-year average11.78%
ROCE, 5-year average11.91%
ROA, 5-year average6.68%
ROIC (approx.)49.52%
Tax rate15.71%
Other income / net worth1.35%
Growth
Sales growth (latest year)87.15%
Profit growth (latest year)95.82%
Sales CAGR, 3 years283.88%
Sales CAGR, 5 years44.69%
Profit CAGR, 5 years43.74%
Sales growth QoQ-7.19%
Profit growth QoQ-37.52%
Sales growth YoY (latest quarter)70.33%
Profit growth YoY (latest quarter)15.79%
Per share
EPS (TTM)Rs 7.22
EPS (latest year)Rs 6.98
EPS (latest quarter)Rs 1.79
EPS, 3-year averageRs 4.99
EPS, 5-year averageRs 2.30
Book value per shareRs 14.53
Sales per shareRs 27.72
Cash flow per shareRs 5.87
Free cash flow per shareRs 1.73
Dividend per share (latest year)Rs 0.25
Dividend per share, 3-year averageRs 0.25
Dividend per share, 5-year averageRs 0.25
Dividends
Dividend payout3.58%
Dividend payout, 3-year average3.58%
Dividend payout, 5-year average3.58%
Efficiency
Asset turnover1.05x
Fixed asset turnover2.12x
Inventory turnover2.95x
Inventory days124 days
Debtor days35 days
Debtors turnover10.47x
Creditor days63 days
Cash conversion cycle113 days
Working capital days55 days
Leverage
Total debtRs 131 Cr
Cash and bankRs 100 Cr
Net debtRs 31 Cr
Debt to equity0.21x
Net debt / EBITDA0.07x
Interest coverage24.18x
Current ratio (filing 2026-03-31)2.96x
Quick ratio (filing 2026-03-31)1.91x
Trade payables (filing 2026-03-31)Rs 71 Cr
Owners' fund to total sources67.79%
Debt to assets14.05%
Cash flow
Cash from Operating Activity (latest year)Rs 255 Cr
Cash from Investing Activity (latest year)Rs -233 Cr
Cash from Financing Activity (latest year)Rs -3 Cr
Net Cash Flow (latest year)Rs 18 Cr
Free cash flow (latest year)Rs 75 Cr
FCFE (approx.: FCF + change in debt)Rs 52 Cr
Cash from ops / profit, 5 years1.38x
Sales to cash flow3.82x
Statement figures
Net sales (TTM)Rs 1,203 Cr
Net sales (latest year)Rs 974 Cr
Sales (latest quarter)Rs 373 Cr
Operating profit excl. other income (latest year)Rs 429 Cr
Operating profit (latest quarter)Rs 126 Cr
Other income (TTM)Rs 11 Cr
EBITDA (TTM)Rs 461 Cr
PBDT (TTM)Rs 445 Cr
Profit before tax (TTM)Rs 372 Cr
Tax (latest year)Rs 56 Cr
Net profit (TTM)Rs 314 Cr
Net profit (latest year)Rs 303 Cr
Net profit (latest quarter)Rs 78 Cr
Depreciation (TTM)Rs 73 Cr
Depreciation (latest quarter)Rs 22 Cr
Interest (TTM)Rs 16 Cr
Cost of goods sold (latest year)Rs 471 Cr
Total expenditure (latest year)Rs 546 Cr
Total income (latest year)Rs 983 Cr
Share capitalRs 43 Cr
ReservesRs 587 Cr
Shareholders' fundsRs 631 Cr
Total assetsRs 930 Cr
Net blockRs 459 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 52 Cr
ReceivablesRs 93 Cr
InventoryRs 160 Cr
Other liabilitiesRs 169 Cr
Shares outstanding (crore)43.42
Ownership
Promoter holding29.72% (+2.01 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.5 is at the 26th percentile of its own 6.8-year range (median 21.8, low 3.2, high 118.8).
P/B 4.73 is at the 59th percentile (median 2.32).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodWEBELSOLARNifty 50Difference
1 week-7.2%-2.8% -4.5 pts
1 month-7.8%-6.8% -1.0 pts
3 months-35.7%-7.6% -28.1 pts
6 months+5.9%+0.4% +5.5 pts
1 year-45.1%-9.9% -35.2 pts
2 years-30.8%-13.6% -17.3 pts
3 years+360.5%+14.2% +346.3 pts
5 years+968.4%+27.9% +940.5 pts
7 mutual fund schemes hold about ₹6 Cr. Over three months 7 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.24%6 +10%
Motilal Oswal BSE Clean Environment Index Fund0.64%0 +28%
Groww Nifty Total Market Index Fund0.01%0 +14%
Angel One Nifty Total Market Index Fund0.01%0 +14%
Mirae Asset Nifty Total Market Index Fund0.01%0 +14%
Bandhan Nifty Total Market Index Fund0.01%0 +14%
Motilal Oswal BSE 1000 Index Fund0.01%0 +14%

Red flags

F-score 5 of 8
lookInventory outrunning sales Inventory grew 366% vs sales +87% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹373 Cr +70.3% vs Jun 2025. Net profit ₹78 Cr +16.4%.
Against our estimate for Jun 2026: sales +6.4%, profit -23.2% miss. Our estimate for Sep 2026: sales Rs 269 Cr, profit Rs 70 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-15Dividend - Re 0.25 Per Share
2025-11-14Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2024-09-20Annual General Meeting
2023-09-14Annual General Meeting
2022-09-22Annual General Meeting
2021-09-22 Annual General Meeting
2020-12-23 Annual General Meeting
2019-09-20 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-12 Annual General Meeting
2016-09-21 Annual General Meeting
2015-09-23 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-23Annual General Meeting
2012-11-22Annual General Meeting
2011-08-30Annual General Meeting
2010-12-22Annual General Meeting
2009-12-29Bonus 1:10.5000
2009-09-14Dividend-Re.1/- Per Share
2008-09-17Agm/Dividend - 10%
2007-09-13Agm/Dividend-10%
DateTypeWhat it says
2026-09-24Director changeChange in Director(s) of the company.
2026-09-24Shareholder meetingVoting results of Annual General Meeting held on September 22, 2026
2026-09-23Press ReleaseA press release dated September 23, 2026, titled "West Bengal Government Allots Land to Websol for Greenfield 4 GW Solar Cell and Module Facility".
2026-09-23Shareholder meetingWebsol Energy System Limited has submitted the Exchange a copy of Srutinizers report of Annual General Meeting held on September 22, 2026
2026-09-22General UpdatesThe Chairman & Executive Directors Speech delivered at the 36th AGM
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026
2026-09-01UpdatesWebsol Energy System Limited has submitted BRSR for the financial year ended 31st March 2026
2026-09-01Shareholder meetingShareholders meeting
2026-08-29Record DateRecord date for the purpose of Dividend is 15-Sep-2026.
2026-08-18Concall / analyst meetTranscript
2026-08-11Concall / analyst meetAbout
2026-08-11Investor PresentationInvestor Presentation
2026-08-11General UpdatesGeneral Updates
2026-08-10Concall / analyst meetSchedule of meet
2026-08-10Press ReleaseA press release dated August 10, 2026, titled "Press Release on the Unaudited Financial Results (Standalone & Consolidated) of the Company, for the qu...
2026-08-10Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-10General UpdatesGeneral Updates
2026-08-10Director changeChange in Director(s) of the company.
2026-08-10Change in Company Secretary/Change in Company Secretary/Compliance Officer
2026-08-10Board meeting outcomeWebsol Energy System Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-05Concall / analyst meetSchedule of meet
2026-08-05Concall / analyst meetSchedule of meet
2026-07-27Shareholder meetingVoting results.
2026-07-07Disclosure under SEBI TakeovWebsol Energy System Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-06-24Shareholder meetingNotice of Postal Ballot
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 12 months

Quick answers

What is the market cap of Websol Energy System Ltd?

Websol Energy System Ltd (WEBELSOLAR) has a market capitalisation of Rs 3,066 Cr. at the 2026-10-01 close.

What is the P/E ratio of Websol Energy System Ltd?

Websol Energy System Ltd trades at a P/E of 9.76 on trailing twelve-month profit, at the 2026-10-01 close.

What were Websol Energy System Ltd's latest quarterly results?

In the Jun 2026 quarter, Websol Energy System Ltd sales was Rs 373 Cr (+70.3% vs Jun 2025) and net profit was Rs 78 Cr.

What is the 52-week high and low of Websol Energy System Ltd?

The 52-week high is Rs 137.90 and the 52-week low is Rs 50.40.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03