Skip to main content
Swing Capital

Websol Energy System Ltd

NSE: WEBELSOLAR BSE: 517498Energy

Websol Energy System Limited is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India. [1]

₹100
52W: ₹50.4 — ₹157
PE 14.3 · Book ₹14.5 · +590% vs book
Market Cap₹4,363 Cr
Stock P/E14.3Price to Earnings
ROCE63.2%Return on Capital
ROE66.9%Return on Equity
Div. Yield0%Face Value ₹1

Strengths

  • +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

  • −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

Shareholding Pattern

Promoters29.72%
FIIs4.12%
DIIs0.32%
Public65.85%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters27.71%27.71%27.71%27.71%27.71%27.71%27.71%29.72%▲2.0
FIIs0.01%0.48%▲0.52.46%▲2.04.24%▲1.84.39%▲0.15.47%▲1.15.4%▼0.14.12%▼1.3
DIIs0%0%0.09%▲0.10.02%▼0.10.44%▲0.40.26%▼0.20.31%▲0.00.32%▲0.0
Public72.28%71.8%▼0.569.74%▼2.168.04%▼1.767.47%▼0.666.57%▼0.966.59%▲0.065.85%▼0.7

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales125112144147173219168261401
Expenses3286881809511596155255
Operating Profit-2-34463687810372106146
OPM %-429%-13%39%44%46%45%47%43%41%36%
Net Profit-55-5923424248674665124
EPS ₹-1.29-1.390.540.990.981.141.591.11.542.87

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,049Cr, up 82.4% YoY. OPM at 41%.

Debt Position

Borrowings at ₹131Cr. Debt-to-equity ratio: 0.22x. Healthy balance sheet.

Institutional Flow

DIIs: 0.32% (+0.30pp change). FIIs: 4.12% (-0.02pp change). Promoters hold 29.72%.

Margin & Efficiency

ROCE improving from -5% (Mar 2015) to 63% (Mar 2026). Working capital days: 69.

Valuation

PE 14.3x with 63.2% ROCE. Price is 590% above book value of ₹14.5. Dividend yield: 0%.

Recent Announcements