Websol Energy System Limited (WEBELSOLAR) AI Stock Analysis

• Market Cap: ₹35.09B
• Dividend Yield: N/A
• Average Volume (3M): 23.01K
• Price to Earnings (P/E): 17.3
• Beta (1Y): 1.25
• Revenue Growth: 152.12%
• EPS Growth: N/A
• Country: IN
• Employees: 190
• Sector: Energy
• Sector Strength: 52
• Industry: Solar
• EPS (TTM): 1.08
• Shares Outstanding: 422,063,480
• 10 Day Avg. Volume: 34,135
• 30 Day Avg. Volume: 23,006
• PEG Ratio: -0.16
• Price to Book (P/B): 19.29
• Price to Sales (P/S): 9.32
• P/FCF Ratio: 43.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹99.00 ▲(5.32% Upside)

The score is supported primarily by improved financial performance (better margins, profitability, and stronger operating/free cash flow). This is tempered by weak technicals (price below all key moving averages and negative MACD) and only moderate valuation support (P/E ~19.5 with no dividend yield data).

Positive Factors

Revenue Growth

Significant revenue growth indicates robust market demand and effective operations, suggesting potential for sustained business expansion.

Cash Flow

Strong operating cash flow reflects effective capital management and operational efficiency, supporting long-term financial health.

Profitability

Improved profitability enhances financial resilience and provides resources for reinvestment and growth, strengthening competitive position.

Negative Factors

Rising Liabilities

Rising liabilities could strain financial resources, potentially impacting the company's ability to invest in growth and maintain stability.

Investing Cash Flow Fluctuations

Volatility in investing cash flow may indicate challenges in capital allocation, affecting long-term strategic investments and growth.

Technical Weakness

Persistent technical weakness could reflect broader market concerns, potentially affecting investor confidence and access to capital.

Websol Energy System Limited Business Overview & Revenue Model

Company Description

Websol Energy System Limited manufactures and sells photovoltaic (PV) crystalline solar cells and related modules in India. Its modules are used in various sectors, such as solar PV power plants, remote communication, and rural electrification. The company was formerly known as Websol Energy Systems Ltd. and changed its name to Websol Energy System Limited in October 2011. Websol Energy System Limited was incorporated in 1990 and is based in Falta, India.

How the Company Makes Money

WEBELSOLAR generates revenue through several key streams. Primarily, the company earns money by selling solar PV modules and systems, which are installed in both residential and commercial properties. Additionally, WEBELSOLAR offers installation services, maintenance, and after-sales support, creating a recurring revenue model. The company may also engage in power purchase agreements (PPAs), allowing customers to purchase electricity generated from their solar installations. Significant partnerships with construction firms, energy providers, and governmental energy initiatives further enhance WEBELSOLAR's market reach and revenue potential.

Websol Energy System Limited Financial Statement Overview

Summary

Websol Energy System Limited exhibits strong financial health with significant improvements in profitability and cash generation. The income statement reflects robust growth and operational efficiency, while the balance sheet shows a stable financial position despite rising liabilities. The cash flow analysis highlights effective cash management and operational strengths.

Income Statement

Websol Energy System Limited has shown remarkable improvement in its income statement metrics. The gross profit margin has significantly increased, indicating effective cost management. The net profit margin has turned positive, reflecting improved profitability. Revenue growth is substantial, demonstrating strong market demand and operational efficiency. EBIT and EBITDA margins have also improved, showcasing enhanced operational performance.

Balance Sheet

The balance sheet presents a strong equity base with a favorable debt-to-equity ratio, indicating sound financial leverage. Return on Equity has improved, suggesting better returns on shareholder investments. The equity ratio is solid, reflecting a stable capital structure. However, increasing liabilities need to be monitored to ensure financial stability.

Cash Flow

The cash flow statement reveals a positive trend in operating cash flow, indicating strong cash generation from operations. The free cash flow has turned positive, reflecting effective capital management. The operating cash flow to net income ratio is healthy, indicating efficient conversion of earnings into cash. However, fluctuations in investing activities pose potential risks.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.83B	5.75B	258.59M	172.20M	2.13B	1.54B
Gross Profit	4.32B	3.57B	-304.07M	30.00M	443.04M	244.02M
EBITDA	3.15B	2.53B	-1.12B	-123.86M	321.26M	893.38M
Net Income	1.99B	1.55B	-1.21B	-236.70M	96.70M	493.88M
Balance Sheet
Total Assets	0.00	5.14B	3.53B	2.67B	2.86B	2.84B
Cash, Cash Equivalents and Short-Term Investments	869.20M	869.20M	9.28M	855.00K	37.70M	16.55M
Total Debt	0.00	1.53B	1.84B	280.01M	364.75M	352.10M
Total Liabilities	-2.78B	2.36B	2.45B	757.80M	943.10M	918.48M
Stockholders Equity	2.78B	2.78B	1.08B	1.91B	1.92B	1.92B
Cash Flow
Free Cash Flow	0.00	1.24B	-1.89B	-141.80M	-39.37M	334.52M
Operating Cash Flow	0.00	1.67B	349.40M	-84.20M	-29.61M	339.42M
Investing Cash Flow	0.00	-859.10M	-2.23B	-57.60M	-9.75M	19.52M
Financing Cash Flow	0.00	-345.50M	1.89B	104.90M	60.51M	-347.58M

Websol Energy System Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 94.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WEBELSOLAR, the sentiment is Negative. The current price of 94 is above the 20-day moving average (MA) of 87.55, below the 50-day MA of 103.98, and below the 200-day MA of 123.48, indicating a bearish trend. The MACD of -4.51 indicates Negative momentum. The RSI at 35.39 is Neutral, neither overbought nor oversold. The STOCH value of 24.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:WEBELSOLAR.

Websol Energy System Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TDPOWERSYS	68 Neutral	₹105.07B	50.45	―	0.23%	40.14%	53.51%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
WEBELSOLAR	61 Neutral	₹35.09B	17.26	―	―	152.12%	―
INDOSOLAR	50 Neutral	₹18.15B	8.50	―	―	2412.32%	―
BORORENEW	46 Neutral	₹69.96B	-35.22	―	―	7.68%	-114.23%
SWSOLAR	43 Neutral	₹46.39B	-12.50	―	―	112.24%	-474.43%

Websol Energy System Limited Corporate Events

Websol Energy Wins Major Tax Appeal, Rs 73 Crore Demand Set Aside

Websol Energy System Limited has disclosed that the Commissioner of Income Tax (Appeals), Kolkata has ruled in its favour regarding a significant tax dispute for the assessment year 2017-18. The original assessment order had included additions of Rs 184.99 crore under Section 115JB of the Income-tax Act and disallowed expenses of Rs 1.51 crore under normal provisions, resulting in a tax demand of Rs 73.04 crore, which the company had treated as a contingent liability. Following Websol’s appeal, the appellate authority has now set aside this demand, meaning the Rs 73.04 crore will no longer be payable, removing a major contingent liability from the company’s books and potentially strengthening its financial position and clarity for shareholders and other stakeholders.

Websol Energy Partners with Linton to Boost Solar Manufacturing in India

Websol Energy System Limited has signed a Memorandum of Understanding with Linton to explore the manufacturing of photovoltaic ingots and wafers in India. This partnership aims to drive backward integration in the solar value chain, contributing to India’s energy security and sustainability goals. By acquiring equipment and technical expertise from Linton, Websol seeks to strengthen its position in the solar industry and capture new opportunities in the rapidly evolving market.

Websol Energy System Limited Updates Venue for Upcoming Non-Deal Roadshow

Websol Energy System Limited announced an update regarding its upcoming Non-Deal Roadshow, which is now organized by Churchgate Partners at Sofitel BKC, Mumbai, instead of the previously planned Trident BKC, Mumbai, due to unforeseen circumstances. The event’s schedule remains unchanged, and this roadshow is part of the company’s efforts to engage with investors and analysts, potentially impacting its market visibility and investor relations.

Websol Energy Releases Q2FY26 Financial Results

Websol Energy System Limited has released an investor presentation detailing its unaudited financial results for the quarter and half-year ending September 30, 2025. This announcement provides stakeholders with insights into the company’s financial performance, which could influence its market positioning and investor confidence.

Websol Energy Reports Strong H1 FY26 Results and Capacity Expansion Plans

Websol Energy System Limited reported a significant increase in its financial performance for the first half of FY26, with a 51.7% year-over-year rise in revenue to Rs. 387 crore and a 45.4% EBITDA margin. The company also announced the commencement of production of an additional 600 MW Mono PERC solar cell line, expanding its capacity to 1,200 MW, and plans further capacity additions to reach a total of 4 GW by 2028.

Websol Energy System Ensures Compliance with SEBI Regulations

Websol Energy System Limited has submitted a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ending September 30, 2025. This submission confirms the dematerialization of securities and their listing on stock exchanges, ensuring compliance with regulatory requirements and maintaining transparency for stakeholders.

Websol Energy Announces Change in Board of Directors

Websol Energy System Limited has announced a change in its board of directors. The company, which operates in the renewable energy sector, focuses on the production of solar photovoltaic cells and modules. The announcement details that Ms. Sanjana Khaitan, who served as an Executive Director, will no longer hold her position following a decision made at the recent Annual General Meeting. This change in management may influence the company’s strategic direction and stakeholder relations, given her familial connection to the Managing Director.

Websol Energy System Limited Reports Strong Shareholder Support in AGM Voting Results

Websol Energy System Limited announced the voting results from its 35th Annual General Meeting held on September 29, 2025, conducted via video conferencing. The meeting saw a high level of shareholder engagement through remote e-voting, with all resolutions receiving overwhelming approval, indicating strong support for the company’s strategic direction and financial performance.