Websol Energy System Ltd Stock Analysis

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

BSE Share Price 31-Mar-2023 18:02
77.40 7.03 (9.99%)

DeciZen - Make an Informed Decision on Websol Energy System

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued

3. Price Trend

Websol Energy System Price Chart

P/E Ratio ( SA) :
0.00
Market Cap :
300.3 Cr.
52-wk low :
62.3
52-wk high :
141.1
Bole Toh?

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 below 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 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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -3.3%-6.8%-6.2%-2.7%44%6.1%-11%6.8%26.9%4.9%-
Value Creation Index NANANANA2.1-0.6-1.8-0.50.9-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 15230535628029618368.619615421380
YoY Gr. Rt. %-100.1%16.8%-21.4%5.9%-38.1%-62.6%185.2%-21.5%38.8%-
Adj EPS -15.3-20.9-9.8-3.837.91.4-8.73.115.72.4-4.6
YoY Gr. Rt. %-NANANANA-96.2%-707%NA412.4%-84.5%-
BVPS (₹) -53.1-73.6-97.5-10226.437.742.740.755.954.150.7
Adj Net Profit -33.5-45.8-21.5-8.383.33.8-25.29.448.88.5-18
Cash Flow from Ops. -5.2-56-12.729.814210.350.736.2-3-
Debt/CF from Ops. -109.2-8.8-38.315.30.67.915.31141-12.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.8%-6.4%46%38.8%
Adj EPS NA-42.3%NA-84.5%
BVPS 015.48.2-3.2
Share Price 27.2% -2.6% 86.8% -21.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 41.843.512.74.2-113.44.8-22.57.532.74.7-8.8
Op. Profit Mgn % -7.94.61.53.19.79.1-281.62212.4-7.6
Net Profit Mgn % -22-15.1-6-328.12.1-36.84.831.84-22.3
Debt to Equity -4.9-3-2.3-21.50.80.60.60.20.2-
Working Cap Days 46828430732113496344112118860
Cash Conv. Cycle 81-7-24-66-77-56-23-67-50170

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 45.97%

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at -58.99%

Latest Financials - Websol Energy System Ltd.

Standalone Consolidated
TTM EPS (₹) -4.6 -
TTM Sales (₹ Cr.) 79.7 -
BVPS (₹.) 50.7 -
Reserves (₹ Cr.) 158 -
P/BV 1.53 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 62.30 / 141.10
All Time Low / High (₹) 0.50 / 423.48
Market Cap (₹ Cr.) 300
Equity (₹ Cr.) 38.8
Face Value (₹) 10
Industry PE 59.7

Management X-Ray of Websol Energy System :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *70.240.000.000.000.000.000.000.0012.910.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Websol Energy System

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Websol Energy System Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Websol Energy System on 31-Mar-2023 18:02 is : 77.40.
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 31-Mar-2023 18:02 the market cap of Websol Energy System stood at ₹ 300.3.
The latest PE ratio of Websol Energy System as of 31-Mar-2023 18:02 is 0.00.
The latest PB ratio of Websol Energy System as of 31-Mar-2023 18:02 is 1.53
The 52-week high of Websol Energy System is ₹ 141.1 and the 52-week low is ₹ 62.30.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Websol Energy System is ₹ 79.74 ( 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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