Websol Energy System Ltd
NSE: WEBELSOLAR · Other Electrical Equipment · sector
₹63.49NSE close 2026-10-26
Key numbers
Market cap₹2,757 cr
Price₹63.49
52w high / low₹138 / ₹50
P/E8.8xSector median 20.7x
P/B4.4xSector median 3.4x
Book value₹14.5
Dividend yield–Sector median 0.26%
ROE69.0%Sector median 15.5%
ROCE51.9%Sector median 16.4%
OPM37.3%Sector median 11.7%
Debt / equity0.19xSector median 0.32x
EV/EBITDA6.1xSector median 13.3x
Interest cover24.2x
Current ratio2.94x
Sales growth 3y+293.5%Sector median +17.8%
Profit growth 3y–Sector median +15.2%
PEG0.16x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 59 companies in Other Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹152 cr vs borrowings ₹118 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 24.2x in the last 12 months.
- 15.64% of the promoters' shares are pledged (4.7% of all shares).
- Promoter holding rose by 2.01 percentage points in a year, to 29.72% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 4% of net profit in the last 12 months.
- Debtor days went from 11 (FY24) to 32 (FY26).
- No dividend in the last 5 financial years.
- Price ₹63.49 on 2026-10-26: -54.0% from the 52-week high, +26.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹118.40 · low ₹51.89
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 144 | 147 | 173 | 219 | 168 | 261 | 401 | 373 |
| EBITDA | 63 | 68 | 78 | 103 | 72 | 102 | 149 | 126 |
| OPM % | 43.7% | 45.8% | 45.4% | 47.3% | 43.0% | 39.2% | 37.1% | 33.7% |
| Other income | 0 | 0 | 1 | 2 | 3 | 1 | 3 | 4 |
| Net profit | 42 | 42 | 48 | 67 | 46 | 65 | 124 | 78 |
| EPS (₹) | 1.54 | 0.98 | 1.14 | 1.59 | 1.10 | 1.54 | 2.75 | 1.79 |
| Revenue YoY | +17.2% | +77.2% | +132.1% | +70.3% | ||||
| Profit YoY | +10.3% | +56.2% | +157.9% | +15.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 213 | 17 | 26 | 575 | 1,049 | 1,203 |
| EBITDA | 28 | -15 | -113 | 253 | 427 | 449 |
| Net profit | 10 | -24 | -121 | 155 | 303 | 314 |
| EPS (₹) | 0.29 | -0.63 | -1.38 | 3.67 | 6.98 | 7.18 |
| Revenue growth | -91.9% | +50.2% | +2,125.3% | +82.4% | +76.3% | |
| Profit growth | -344.8% | – | – | +95.8% | +57.5% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +293.5% | +46.9% | +76.3% |
| Net profit | – | +34.9% | +57.6% |
| EPS | – | +25.9% | – |
| Share price | – | -29.1% (2y) | -48.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 191 | 108 | 278 | 631 |
| Borrowings | – | 27 | 184 | 152 | 118 |
| Cash & equivalents | – | 0 | 1 | 87 | 152 |
| Total assets | – | 267 | 353 | 514 | 931 |
| Fixed assets | – | 210 | 270 | 283 | 446 |
| Capital work in progress | – | 6 | 30 | 17 | 1 |
| Investments | – | 0 | 0 | 5 | 0 |
| Receivables | – | 2 | 1 | 5 | 93 |
| Inventory | – | 14 | 19 | 34 | 160 |
| Payables | – | 22 | 49 | 32 | 71 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -3 | -8 | 35 | 167 | 255 |
| Cash from investing | -1 | -6 | -223 | -86 | -234 |
| Cash from financing | 6 | 10 | 189 | -35 | -3 |
| Capex | 1 | 6 | 224 | 0 | 180 |
| Free cash flow | -4 | -14 | -189 | 167 | 75 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -12.4% | -112.3% | 55.7% | 48.0% |
| ROCE % | – | -12.7% | -50.8% | 49.7% | 50.2% |
| Debtor days | – | 36 | 11 | 3 | 32 |
| Inventory days | – | 544 | 525 | 70 | 142 |
| Payable days | – | 878 | 1,334 | 66 | 63 |
| Cash conversion cycle (days) | – | -298 | -798 | 7 | 111 |
| Working capital days | – | -851 | -696 | 50 | 103 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 29.72% |
| FIIs | 4.17% |
| DIIs | 0.21% |
| of which Mutual funds | 0.21% |
| Government | 0.00% |
| Public (non-institutions) | 65.90% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 27.71% | 27.71% | 27.71% | 27.71% | 29.72% | 29.72% | 29.72% | 29.72% |
| Promoter group | % |
|---|---|
| S L Industries PVT Ltd | 13.05% |
| Sohan LAL Agarwal | 8.90% |
| Websol Green Projects Private Limited | 7.74% |
| Chiranji Lall Agarwal | 0.03% |
| Rajkumari Agarwal | 0.00% |
| Public holders above 1% | % |
|---|---|
| Amit Mishra | 1.39% |
| Vijay Kishanlal Kedia | 1.19% |
1,73,175 shareholders. Pledged: 15.64% of promoter shares.
Peers in Other Electrical Equipment
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WAAREEENER | ₹66,706 cr | 17.5x | 4.6x | 23.0% | 33.2% | 20.2% | – | 0.08% |
| APARINDS | ₹59,456 cr | 50.3x | 11.0x | 11.6% | 32.9% | 8.7% | +16.9% | 0.35% |
| PREMIERENE | ₹38,159 cr | 22.6x | 8.8x | 46.7% | 29.7% | 30.0% | – | 0.08% |
| MTARTECH | ₹20,247 cr | 151.7x | 24.6x | 17.2% | 18.3% | 20.7% | +15.2% | – |
| DIACABS | ₹17,127 cr | 87.1x | – | – | 13.0% | 11.7% | – | – |
| EMMVEE | ₹16,647 cr | 11.6x | 3.8x | 53.0% | 34.1% | 34.7% | – | – |
| AVALON | ₹13,377 cr | 100.0x | 18.5x | 20.0% | 21.9% | 11.4% | +19.3% | 0.00% |
| UTLSOLAR | ₹11,168 cr | 36.1x | 8.8x | 23.1% | 25.4% | 14.6% | – | – |
| GENUSPOWER | ₹7,216 cr | 11.1x | 3.2x | 31.9% | 22.2% | 18.8% | +80.5% | 0.84% |
| WEBELSOLAR | ₹2,757 cr | 8.8x | 4.4x | 69.0% | 51.9% | 37.3% | +293.5% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-15 | Dividend | Dividend - Re 0.25 Per Share |
| 2025-11-14 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2024-09-20 | Other | Annual General Meeting |
| 2023-09-14 | Other | Annual General Meeting |
| 2022-09-22 | Other | Annual General Meeting |
| 2021-09-22 | Other | Annual General Meeting |
| 2020-12-23 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-09-12 | Other | Annual General Meeting |
| 2016-09-21 | Other | Annual General Meeting |
| 2015-09-23 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2013-09-23 | Other | Annual General Meeting |
| 2012-11-22 | Other | Annual General Meeting |
| 2011-08-30 | Other | Annual General Meeting |
| 2010-12-22 | Other | Annual General Meeting |
| 2009-12-29 | Bonus | Bonus 1:1 |
| 2009-09-14 | Dividend | Dividend-Re.1/- Per Share |
| 2008-09-17 | Dividend | Agm/Dividend - 10% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY21
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Photovoltaic Solar Cells & Modules
| Sector | Industrials |
| Industry | Other Electrical Equipment |
| Sub-industry | Other Electrical Equipment |
| Symbol | WEBELSOLAR |
| BSE code | 517498 |
| ISIN | INE855C01023 |
| Face value | ₹1.0 |
| Incorporated | 1990-01-01 |
| Website | https://www.websolenergy.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.