Websol Energy System Ltd (WEBELSOLAR) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 517498 | NSE: WEBELSOLAR | Electronics - Components | Small Cap

Websol Energy System Share Price

108.10 -2.35 -2.13%
as on 05-Dec'25 12:10

Websol Energy System Ltd (WEBELSOLAR) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 517498 | NSE: WEBELSOLAR | Electronics - Components | Small Cap

DeciZen - make an informed investing decision on Websol Energy System

Based on:

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Websol Energy System stock performance -

Key Ratios
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P/E Ratio (SA):
22.93
Market Cap:
4,661.7 Cr.
52-wk low:
80.2
52-wk high:
189.1

Is Websol Energy System Ltd an attractive stock to invest in?

1. Is Websol Energy System Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Websol Energy System Ltd is a average quality company.

2. Is Websol Energy System Ltd undervalued or overvalued?

The key valuation ratios of Websol Energy System Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Websol Energy System Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Websol Energy System Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Websol Energy System:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Websol Energy System Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -2.9%44.7%8.3%-11.9%-4.5%38.2%7.8%-12.4%-58%59.4%-
Value Creation
Index
NA2.2-0.4-1.9-1.31.7-0.5-1.9-5.13.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 28029618368.619615421317.225.9575707
Sales YoY Gr.-5.9%-38.1%-62.6%185.2%-21.5%38.8%-91.9%50.2%2,125.3%-
Adj EPS -0.43.80.1-0.90.31.60.2-0.6-1.23.74.8
YoY Gr.-NA-96.3%-721.4%NA406.5%-85.4%-347.8%NANA-
BVPS (₹) -10.22.63.84.34.15.65.24.92.66.29.3
Adj Net
Profit
-8.383.33.8-25.29.448.88.5-22.2-49155203
Cash Flow from Ops. 29.814210.350.736.2-3-8.434.9167-
Debt/CF from Ops. 15.30.67.915.31141-12.2-3.25.30.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.4%24.1%39.2%2125.3%
Adj EPS NA63.9%151.8%NA
BVPSNA8.8%5.9%143.5%
Share Price 40.6% 111.9% 124.8% -19.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4.2-113.44.8-22.57.532.74.7-11.6-32.880.362.3
Op. Profit
Mgn %
3.19.79.1-281.62212.4-70.3-5.144.145.5
Net Profit
Mgn %
-328.12.1-36.84.831.84-129.1-189.526.928.8
Debt to
Equity
-21.50.80.60.60.20.20.11.70.60.3
Working Cap
Days
32113496344112118861,1506195049
Cash Conv.
Cycle
-66-77-56-23-67-501748041-2416

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 62.30%

Sales growth is growing at healthy rate in last 3 years 39.23%

Net Profit is growing at healthy rate in last 3 years 151.76%

Debt to equity has declined versus last 3 years average to 0.58

Sales growth is good in last 4 quarters at 7373.27%

No data to display

Latest Financials - Websol Energy System Ltd.

Standalone Consolidated
TTM EPS (₹) 4.8 -
TTM Sales (₹ Cr.) 707 -
BVPS (₹.) 9.3 -
Reserves (₹ Cr.) 349 -
P/BV 11.91 -
PE 22.93 -
From the Market
52 Week Low / High (₹) 80.22 / 189.11
All Time Low / High (₹) 0.05 / 189.11
Market Cap (₹ Cr.) 4,662
Equity (₹ Cr.) 42.2
Face Value (₹) 1
Industry PE 77.3

Management X-Ray of Websol Energy System:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *5.7889.2779.2879.4484.2593.0493.0491.7688.1288.12
* Pledged shares as % of Promoter's holding (%)

Valuation of Websol Energy System - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Websol Energy System

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales280296183691961542131726575
Operating Expenses 271267167931931201873033322
Manufacturing Costs2825211117132368107
Material Costs2282191305715292146913177
Employee Cost 779999107217
Other Costs 81671513678920
Operating Profit 92917-2533426-13-7253
Operating Profit Margin (%) 3.1%9.7%9.1%-35.8%1.4%22.0%12.4%-74.3%-28.5%44.0%
Other Income 17711171145312
Interest 15966934520
Depreciation 15151415151515153641
Exceptional Items -2-600-7561-2-1050
Profit Before Tax -9795-29-156914-32-153194
Tax 1000-19204-8-3240
Profit After Tax -10795-2944910-24-121155
PAT Margin (%) -3.5%26.6%2.6%-42.2%2.1%32.2%4.5%-137.0%-467.0%26.9%
Adjusted EPS (₹)-0.53.60.2-1.00.11.60.3-0.6-2.93.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund -20558101124124174192191108262
Share Capital 22222729313137394242
Reserves -2273674959414315515266220
Minority Interest0000000000
Debt35284817668262527184123
Long Term Debt252515635401340162123
Short Term Debt10033254128132127210
Trade Payables158396181564023224932
Others Liabilities 1481361277163454627-397
Total Liabilities 453317369352311284286267337515

Fixed Assets

Gross Block358294328326309309310310354409
Accumulated Depreciation9212244055708510084124
Net Fixed Assets 266283304287254239225210270285
CWIP 000100063017
Investments 0000000005
Inventories2141834121822141934
Trade Receivables7212110182027215
Cash Equivalents 13001240187
Others Assets 942626202668361682
Total Assets 453317369352311284286267337515

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 30142105136-3-835167
PBT -9795-29-156914-29-47194
Adjustment 163313823-3315204660
Changes in Working Capital 2531-426-7-0-32136-85
Tax Paid -1-0-3-11-0-0-0-0-1
Cash Flow From Investing Activity -028-1613-0-1-6-223-86
Capex -021-6111-0-1-6-223-43
Net Investments 0-00000000-43
Others 07552000-0-0
Cash Flow From Financing Activity -30-168-12-11-14-35610189-35
Net Proceeds from Shares 000000023380
Net Proceeds from Borrowing 81-91-0-25-8-7-5162-39
Interest Paid 0-9-3-6-6-11-1-3-5-19
Dividend Paid 0000000000
Others -111-67-8-3-12-1515-5-624
Net Cash Flow -12-30012-4147

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/A06.03-25.793.3133.115.29-12.37-80.9183.7
ROCE (%)N/A44.738.34-11.93-4.4938.177.75-12.39-57.9959.38
Asset Turnover Ratio0.540.770.530.190.590.520.750.060.091.35
PAT to CFO Conversion(x)N/A1.82N/A0.250.73-0.3N/AN/A1.08
Working Capital Days
Receivable Days150452383264540305182
Inventory Days48152213943353438223217
Payable Days3241641404541641897890296583

Websol Energy System Ltd Stock News

Websol Energy System Ltd FAQs

The current trading price of Websol Energy System on 05-Dec-2025 12:10 is ₹108.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Websol Energy System stood at ₹4,661.7.
The latest P/E ratio of Websol Energy System as of 04-Dec-2025 is 22.93.
The latest P/B ratio of Websol Energy System as of 04-Dec-2025 is 11.91.
The 52-week high of Websol Energy System is ₹189.1 and the 52-week low is ₹80.22.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Websol Energy System is ₹707.3 ( Cr.) .

About Websol Energy System Ltd

Webel-Sl Energy Systems, is a leading producer of Solar Photovotaic Cells and Modules in India. It is one of the fastest growing companies within the solar photovoltaic industry in India with a 30 per cent annual growth rate and a 10 MW manufacturing facility for cells and modules.

Solar cells are being produced at the company's state-of-the-art integrated production facility in Kolkata with automated processes and a unique captive technology. In this integrated production system, Webel Solar produces high efficiency photovotaic cells and modules using mono-crystalline silicon wafers. A high standard of quality is maintained throughout the entire process of making cells to modules.

Webel Solar has established the reputation for making highly reliable photovoltaic modules for various domestic and commercial applications. All Webel Solar's modules are suitable for grid-connected and stand-alone power plants of high performance and reliability.

Webel Solar Modules are made with high efficiency solar cells. Every single cell is electrically matched to minimize losses, for making modules suitable for commercial as well as domestic applications Webel Solar modules have been tested for their suitability for grid connected as well as stand-alone systems offering high performance and reliability.

The solar photovoltaic module is manufactured with mono-crystalline solar cells conforming to strict requirements of international quality standards.

Milestones:

  • 1995-1997 Production commenced with technical support from a European established Company. The company processed 5' wafers. Installed capacity: 1 MW.
  • 1998-1999 Production evolved to 6' wafers and modules upto 95 Wp for type W900. A quality cetificate for JRC-ISPRA IEC 61215 standards was obtained.
  • 2000-2001 Production commenced on 8' wafers. Module capacity increased to 125 Wp. For type W1000. Intalled capacity - 3 MW
  • 2002 The JRC-ISPRA IEC 61215 standards certificate was obtained for all W1000 modules. UL 1703 listing was obtained for all W900 type modules
  • 2003 Installed capcity increased from 3 MW to 5 MW. UL 1703 listing was obtained for W1000 type modules. Production of 160/190 Wp modules commenced.
  • 2009 - 30 MW cell & module line installed and commissioned
    Solar PV cells and modules trial production started in May 2009
    Received IEC 61215 and IEC 61730 certification for 180 Wp and 225 Wp module
    Established representative offices in USA and Germany
  • 2011 - The Company has signed a Joint Venture Agreement on February 21, 2011 with M/s Gopika Infrastructure LLP for the development of its land situated at Plot No. 1, Block - GP, Salt Lake Electronics Complex, Kolkata - 700 091.

Product range of the company includes:

  • Photovoltaic Module- W1000
  • Photovoltaic Module-  W900
  • Photovoltaic Module-  W250, W250B
  • Photovoltaic Module-  W200
  • Photovoltaic Module-  W450,W55
  • Photovoltaic Module-  W55A
  • Photovoltaic Module-  W50C
  • Photovoltaic Module-  W08, W10

Achievements/ recognition:

Type Approval Certificate PV-MQ-274/02Qualification Certificate PV-MQ-200/99.

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