Websol Energy System Limited share price

NSE: WEBELSOLAR · ISIN INE855C01023

Key numbers

Market cap
₹ 3,179 Cr
Current price
₹ 73.23
52-week high / low
₹ 138 / 50
Stock P/E
10.2
Book value
₹ 13.9
Dividend yield
0.34%
ROCE
62.9%
ROE
66.7%
Debt to equity
0.21
Sales growth (3 yrs)
293.5%
Profit growth (3 yrs)
-
1-year return
-41.9%

About Websol Energy System Limited

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.

Quarterly results

Consolidated figures in ₹ crores

Mar 2025Jun 2025Dec 2025Mar 2026Jun 2026
Sales173219261401373
Operating profit78103106146126
Net profit48676512578
EPS (₹)-1.591.542.751.79

Concall summary (2026-08-18)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • On input costs, we brought silver consumption down by 20% during financial year ‘26 and have set our cells a further 10% reduction target.
  • Upon completion, the upgraded facility is expected to achieve cell efficiency of around 25%.

Growth & demand

  • In absolute terms, EBITDA still grew 21% because additional module volume adds to earning even as it reduces the percentage margin.
  • Starting with the profit and loss statement, revenue from operations for the quarter stood at INR373 crores against INR219 crores in Q1 financial year ‘26, a growth of 70%.

Margins & costs

  • EBITDA margin for the quarter was 34% against 47% in Q1 last year.
  • EBITDA was INR126 crores as against INR103 crores, higher by 21% with an EBITDA margin of 34%.

Capex & expansion

  • On completion, that line will have 750 megawatt of TOPCon capacity, taking Websol's overall cell manufacturing capacity to 1.3 gigawatt, with approximately 55% of our cell capacity on TOPCon.
  • It is a bridge between the capacity we operate today and the technology platform on which we intend to build our next phase of scale, including our planned 4-gigawatt cell manufacturing expansion.

Balance sheet & cash

  • However, it may also evaluate debt financing to optimize liquidity position.
  • So, all the debt has now been cleared, and accordingly, whatever shares were pledged in association in context of this debt will accordingly be released.

Peers in Solar

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