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As of 6 Nov 2026, Websol Energy System trades at 10.1× trailing earnings, below the industry P/E of 15.5×, and the shares are 48% below their 52-week high. Its ROCE of 48% is the highest among the 7 largest Solar peers. Its dividend yield is 0.4%, and debt is 0.21× equity. It is a small-cap company with a market cap of ₹3,121 Cr, ranked 10th of 27 Solar companies by market cap; the shares fell 41% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹74.00
Day high
₹75.60
Day low
₹69.50
Prev. close
₹72.00
Volume
45.1 L

Health check

4 good · 2 to check
  • ReturnsBehind

    −40.6% over a year, better than 1 of 7 peers.

  • Price tagCheaper

    P/E 10.1 vs industry 15.5.

  • GrowthStrong

    Sales +293.3% a year over 3 years.

  • ProfitabilityStrong

    ROCE 48.2% vs peer median 27.4%.

  • Balance sheetSolid

    Debt 0.21× equity, interest covered 23.7×, Piotroski 6 of 9.

  • Red flags1 to check

    48% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Solar

26 listed peers. Screen the industry

Small cap

₹3,121 Cr, #10 of 27 in its industry by size.

Defensive

Beta 0.26 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹1,203 Cr · profit ₹314 Cr
Market cap
₹3,121 Cr
Small cap
P/E
10.1
Industry 15.5
Price to book
4.95
Peers 4.38
Dividend yield
0.36%
ROE
66.7%
Peers 29.9%
ROCE
48.2%
Peers 27.4%
Debt to equity
0.21
Debt ₹131 Cr
EPS (TTM)
₹7.14
Face value ₹1
OPM (TTM)
27.8%
Net margin 26.1%
Sales growth
+70.3%
Latest quarter vs a year ago
Profit growth
+15.8%
Latest quarter vs a year ago
Price to sales
2.59
EV/EBITDA 6.7

Strengths and risks

Strengths

  • Return on equity of 66.7%.
  • Return on capital employed of 48.2%.
  • Quarterly sales up 70.3% on a year ago.
  • Net margin of 26.1%.
  • P/E of 10.1 against an industry P/E of 15.5.

Risks to check

  • 48% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Websol Energy System

Websol Energy System Limited manufactures and sells solar photovoltaic (PV) cells and modules in India and internationally. It serves solar module manufacturers. The company was formerly known as Websol Energy Systems Ltd. and changed its name to Websol Energy System Limited in October 2011. The company was incorporated in 1990 and is based in Kolkata, India.

Headquarters
Kolkata
Employees
655
Sector
Technology
ISIN
INE855C01023
Website
webelsolar.com

Price range

52 weeks

₹50.40₹137.90

Today

₹69.50₹75.60
Avg volume (3M)
20.2 L
1-year return
minus 40.6%
From 52-week high
minus 47.9%

Peers · Solar

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
WAAREEENERWaaree Energies2,438.00minus 0.46%70,12919.012.030.1%19.9%0.3157.8%minus 27.3%
PREMIERENEPremier Energies890.00plus 0.85%40,31622.517.427.4%29.9%0.8676.2%minus 15.3%
EMMVEEEmmvee Photovoltaic Power251.31minus 0.28%17,39912.19.734.5%34.7%0.25102.7%plus 14.5%
KARAMTARAKaramtara Engineering375.70minus 0.96%12,09152.827.718.1%9.0%0.9140.4%plus 6.7%
UTLSOLARFujiyama Power Systems351.80minus 9.21%10,81135.722.528.9%18.8%0.4158.7%plus 68.8%
BORORENEWBOROSIL RENEWABLES403.20minus 2.55%5,93413.412.19.5%30.1%0.0720.2%minus 37.6%
VIKRAMSOLRVikram Solar142.39plus 1.95%5,16014.16.020.5%15.4%0.2032.3%minus 56.6%
WEBELSOLARWebsol Energy System71.89minus 0.15%3,12110.17.148.2%27.8%0.21293.3%minus 40.6%
Median of 7 peers–−0.46%12,09119.012.127.4%19.9%0.3157.8%−15.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrMar 25Jun 25Sep 25Dec 25Mar 26Jun 26
173219–261401373
––––+132.1%+70.3%
94.5115–155255247
78.5103–106146126
45.4%47.3%–40.8%36.4%33.7%
1.12.2–1.52.94.4
3.84.1–3.73.54.2
9.910.6–16.123.821.8
–––−4.12.8–
65.991–84125104
26.7%26.1%–22.6%0.1%25.2%
48.367.2–6512577.8
––––+157.9%+15.8%
–1.571.081.522.751.79

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+293.3%
ROE
66.7%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
17.225.95751,049
–+50.1%+2125.0%+82.3%
26.226.3320608
−9−0.4255441
−52.4%−1.6%44.3%42.0%
1.7−0.10.44.8
3.54.719.115.8
15.33640.961.5
−5.4−111−1.1−8.9
−31.5−153194359
24.9%20.8%20.4%15.7%
−23.7−121155303
-0.63-3.000.366.98

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
38.842.242.243.4
15265.5236587
27.5184153131
48.361.483170
267353514931
246303342468
35.932.957.39.5
3.4–5–
0.10.947.7119
−18.316.262.7335
267353514931

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−8.434.9167255
−5.8−223−85.9−234
10.5189−34.6−2.8
−3.70.846.818.6
−5.8−224−43.2−180
−14.2−18912475.3

Shareholding pattern

Source: NSE filings
29.7%
promoters
  • Promoters29.72%
  • Public70.28%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202629.72%70.28%0.00
30 Jun 202629.72%70.28%0.00
31 Mar 202629.72%70.28%0.00
13 Mar 202629.72%70.28%plus 2.01
31 Dec 202527.71%72.29%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you