Websol Energy System Ltd

Updated on November 5, 2026

Stock/Share Code - WEBELSOLAR

Websol Energy System is engaged in the business of manufacturing Solar Photo-Voltaic Cells and Modules.

Below is the details of WEBELSOLAR Websol Energy System Ltd

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Market Cap	₹59.51 Cr.
Current Price	₹75.15 as on 23 Mar 23
52 Week High / Low Price	₹33 / ₹11.5
Face Value	₹10
Stock P/E	4.30
Book Value	₹41.55
Dividend Yield	0.00 %
ROCE	0.35 %
ROE	12.98 %
Sales Growth (3yrs)	-12.92 %
Sector	Capital Goods - Electrical Equipment
Industry	Electric Equipment
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Stock is trading at 0.47 times its book value Company is expected to give good quarter Debtor days have improved from 42.36 to 33.15 days.

Cons: Company has low interest coverage ratio. The company has delivered a poor growth of -11.28% over past five years. Promoter holding is low: 25.21% Company has a low return on equity of -3.70% for last 3 years. Promoters have pledged 70.24% of their holding. Promoter holding has decreased over last 3 years: -4.89%

Websol Energy System Ltd Price Chart

Websol Energy System Ltd Peer Comparison in Capital Goods - Electrical Equipment

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.		53.40	₹41,304.61 Cr.	0.60	-₹1.9 Cr.	-100.76	-58.50	1334.60	18.68
2.	Havells India		61.97	₹38,534.23 Cr.	0.65	₹63.98 Cr.	-63.87	-45.40	1483.40	21.45
3.	A B B		81.23	₹20,147.19 Cr.	0.50	₹16.28 Cr.	-78.62	-42.88	985.78	14.19
4.	Crompton Gr. Con		37.99	₹17,049.58 Cr.	0.74	₹74.8 Cr.	-38.91	-46.53	720.10	35.42
5.	B H E L			₹13,423.35 Cr.	5.19	-₹1,532.67 Cr.	-324.91	-51.32	5049.81	-0.45
6.	V-Guard Industri		52.58	₹7,168.73 Cr.	0.54	₹3.62 Cr.	-93.10	-41.97	405.83	26.12
7.	ABB Power Produc		19.94	₹3,887.46 Cr.	0.00	₹10.9 Cr.	-81.60	-41.71	633.24
8.	Websol Energy		4.30	₹59.51 Cr.	0.00	-₹5.07 Cr.	110.54	91.02	20.63	0.35

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Websol Energy System Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020
Sales -	80.15	43.17	32.72	27.23	12.18	3.82	41.76	10.80	50.85	86.36	37.62	20.63
YOY Sales Growth %	46%	-35%	-58%	-72%	-85%	-91%	28%	-60%	317%	2,161%	-10%	91%
Expenses -	63.60	42.24	30.11	28.20	16.00	10.97	40.18	26.00	45.62	78.79	32.47	33.85
Material Cost %	68%	81%	66%	70%	80%	78%	81%	100%	77%	78%	67%	102%
Employee Cost %	1%	5%	6%	10%	19%	60%	6%	23%	4%	2%	6%	15%
Operating Profit	16.55	0.93	2.61	-0.97	-3.82	-7.15	1.58	-15.20	5.23	7.57	5.15	-13.22
OPM %	20.65%	2.15%	7.98%	-3.56%	-31.36%	-187.17%	3.78%	-140.74%	10.29%	8.77%	13.69%	-64.08%
Other Income	0.19	1.96	1.26	7.58	5.37	3.14	8.43	0.36	0.96	3.43	6.53	-6.89
Interest	3.28	3.55	2.13	2.11	1.43	1.40	1.10	2.18	0.90	1.29	1.69	2.32
Depreciation	3.98	4.06	4.01	4.34	3.81	3.82	4.05	3.81	3.82	3.80	4.01	3.84
Profit before tax	9.48	-4.72	-2.27	0.16	-3.69	-9.23	4.86	-20.83	1.47	5.91	5.98	-26.27
Tax %	0.00%	0.00%	0.00%	6.25%	0.00%	0.00%	0.00%	-0.24%	0.00%	9.64%	20.57%	80.70%
Net Profit	9.48	-4.72	-2.27	0.15	-3.69	-9.23	4.86	-20.88	1.47	5.34	4.75	-5.07
EPS in Rs	4.16	-2.14	-0.94	0.03	-1.29	-3.19	1.70	-7.32	0.51	1.84	1.63	-0.17
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2009	Jun 2010	Mar 2011	Jun 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Sales -	139	150	169	143	114	305	356	280	296	183	69	196
Sales Growth %	38%	8%		-15%		167%	17%	-21%	6%	-38%	-63%	185%
Expenses -	115	135	151	199	110	291	355	271	272	167	93	190
Material Cost %	73%	75%	75%	161%	88%	83%	90%	82%	74%	71%	84%	78%
Manufacturing Cost %	4%	6%	6%	8%	8%	7%	4%	9%	8%	12%	17%	5%
Employee Cost %	2%	3%	2%	4%	4%	2%	2%	3%	3%	5%	14%	5%
Other Cost %	4%	7%	5%	-34%	-4%	3%	5%	3%	7%	4%	22%	9%
Operating Profit	24	14	18	-56	4	14	0	9	24	17	-25	5
OPM %	17%	9%	11%	-39%	4%	5%	0%	3%	8%	9%	-36%	3%
Other Income	7	18	9	-118	11	-39	-34	-1	75	11	17	4
Interest	12	22	13	34	19	31	2	1	5	9	6	6
Depreciation	2	12	9	20	13	18	16	15	15	14	15	15
Profit before tax	17	-3	5	-227	-16	-74	-52	-9	79	5	-29	-13
Tax %	37%	-1%	65%	-3%	0%	0%	-1%	-14%	0%	0%	-0%	151%
Net Profit	11	-3	2	-234	-16	-74	-52	-10	79	5	-29	7
EPS in Rs	6.81	0.00	1.10	0.00	0.00	0.00	0.00	0.00	35.83	1.79	0.00	2.23
Dividend Payout %	7%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth

5 Years:: -11.28%
3 Years:: -12.92%
TTM:: 185.21%

Compounded Profit Growth

5 Years:: 24.90%
3 Years:: -45.41%
TTM:: 147.77%

Return on Equity

10 Years:: -17.23%
5 Years:: 2.44%
3 Years:: -44.38%
1 Year:: 1.84%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2009	Jun 2010	Mar 2011	Jun 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Share Capital -	8	21	22	22	22	22	22	22	22	27	29	31
Equity Capital	7.74	20.97	21.97	21.97	21.97	21.97	21.97	21.97	21.97	26.68	29.03	30.59
Reserves	89	134	160	-74	-90	-164	-217	-227	36	74	57	97
Borrowings	315	295	313	428	428	389	382	352	84	81	76	68
Other Liabilities -	44	33	126	102	171	383	400	306	175	187	190	115
Trade Payables	15	13	30	24	105	228	247	158	39	61	81	56
Advance from Customers	0	0	1	0	5	2	2	11	4	1	0
Other liability items	29	21	95	79	62	153	151	136	132	125	109	60
Total Liabilities	457	484	621	478	530	629	587	453	317	369	352	311
Fixed Assets -	33	235	291	343	339	322	280	266	283	304	287	254
Gross Block	45	259	325	396	405	403	358	358	294	328	326
Accumulated Depreciation	12	24	33	53	66	81	78	92	12	24	40
CWIP	190	5	60	7	1	12	0	0	0	0	1	0
Investments	35	35	15	0	0	0	0	0	0	0	0	0
Other Assets -	198	209	255	127	191	296	307	187	34	65	64	56
Inventories	48.01	69.68	118.89	33.33	39.19	38.37	53.05	20.56	4.23	18.17	33.90	12.04
Trade receivables	5.89	20.29	14.95	17.25	71.98	175.33	157.81	72.07	1.30	21.34	9.66	17.76
Cash Equivalents	7.18	7.16	12.63	15.27	9.16	2.55	1.35	0.70	3.21	0.07	0.08	0.52
Loans n Advances	137.22	109.24	34.67	22.65	24.55	32.99	27.35	23.35	15.60	14.84	10.19	8.59
Other asset items	0.00	2.47	73.47	38.94	45.91	46.71	67.55	70.16	9.68	10.28	10.05	17.58
Total Assets	457	484	621	478	530	629	587	453	317	369	352	311

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2009	Jun 2010	Mar 2011	Jun 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Cash from Operating Activity -	-8	-11	60	-104	-4	-56	-13	30	142	10	5	2
Profit from operations	23.28	22.44	24.38	-174.66	16.21	-22.84	-33.41	6.99	111.47	18.01	-20.62	9.55
Receivables	-34.00	10.45	7.22	44.30	-64.61	-113.54	17.66	81.86	104.18	-20.04	9.24	-8.70
Inventory	-10.13	-21.68	-49.20	85.56	-5.87	0.82	-14.69	32.49	16.33	-13.93	-15.73	21.86
Payables	18.16	-4.88	87.39	-24.34	67.95	110.35	-17.46	-89.17	-123.69	27.92	27.77	-22.83
Other WC items	0.71	0.00	-0.07	-2.60	0.62	0.26	0.00	0.00	33.84	1.62	4.89	1.17
Working capital changes	-25.26	-16.11	45.34	102.92	-1.91	-2.11	-14.48	25.18	30.67	-4.44	26.17	-8.50
Interest paid	-4.56	-12.93	-9.88	-31.75	-18.55	-31.03	-2.07	-1.13	0.00	0.00	0.00	0.00
Direct taxes	-1.69	-1.99	-0.16	-0.72	0.33	-0.06	-0.47	-1.21	-0.09	-3.30	-0.59	0.00
Other operating items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.67
Exceptional CF items	0.00	-2.47	0.00	0.00	0.00	0.00	37.71	0.00	0.00	0.00	0.00	0.00
Cash from Investing Activity -	-167	-29	-81	-4	-2	-14	-4	-0	28	-1	6	13
Fixed assets purchased	-3.76	-214.16	-46.72	-72.58	-8.46	-4.85	-13.25	-0.32	0.00	-6.24	-1.56	-1.22
Fixed assets sold	0.00	0.05	0.15	0.76	0.07	2.08	0.12	0.00	21.46	0.00	2.28	12.08
Capital WIP	-163.42	185.17	0.00	53.08	6.39	-10.91	11.82	0.00	0.00	0.00	0.00	0.00
Investments sold	0.00	0.00	20.54	14.38	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest received	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.56	2.42	2.03	2.48
Other investing items	0.00	0.00	-55.35	0.00	0.00	0.00	-2.40	0.00	4.15	2.62	3.14	0.01
Cash from Financing Activity -	178	40	24	115	-0	63	15	-30	-168	-12	-11	-15
Proceeds from shares	0.00	61.32	5.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from borrowings	183.04	0.00	27.24	117.11	70.96	75.57	15.24	81.13	0.00	16.76	0.09	19.77
Repayment of borrowings	0.00	-20.44	-9.19	-2.36	-71.20	-12.46	0.00	-111.29	-158.45	-25.52	-4.82	-28.20
Interest paid fin	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-9.29	-3.28	-6.11	-6.19
Dividends paid	-0.91	-0.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other financing items	-3.85	0.00	0.00	-0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	3	-0	2	6	-6	-7	-1	-1	2	-3	0	0

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Ratios

	Mar 2009	Jun 2010	Mar 2011	Jun 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
ROCE %	9%	5%		-31%		-1%	-5%	-3%	62%	8%	-13%	0%
Debtor Days	15	50	32	44	230	210	162	94	2	42	51	33
Inventory Turnover	2.38	1.99		3.13		6.78	7.22	6.56	18.59	12.63	2.49	7.08

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.

Shepard Technologies Pvt. Ltd : 1808, Solus, Hiranandani Estate, Thane, Maharashtra - 400607

AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153

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