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Last Updated: April 2, 2026, 3:56 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 517498 | NSE: WEBELSOLAR

Websol Energy System Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹81.90Undervalued by 14.87%vs CMP ₹71.30

P/E (13.5) × ROE (80.2%) × BV (₹9.27) × DY (2.00%)

₹75.27Fairly Valued by 5.57%vs CMP ₹71.30
MoS: +5.3% (Thin)Confidence: 54/100 (Moderate)Models: 2 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹150.0627%Under (+110.5%)
Graham NumberEarnings₹33.4716%Over (-53.1%)
DCFCash Flow₹124.5613%Under (+74.7%)
Net Asset ValueAssets₹9.009%Over (-87.4%)
EV/EBITDAEnterprise₹50.4911%Over (-29.2%)
Earnings YieldEarnings₹53.709%Over (-24.7%)
ROCE CapitalReturns₹11.299%Over (-84.2%)
Revenue MultipleRevenue₹13.247%Over (-81.4%)
Consensus (8 models)₹75.27100%Fairly Valued
Key Drivers: EPS CAGR 83.2% lifts DCF — verify sustainability. | Wide model spread (₹9–₹150) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 83.2%

*Investments are subject to market risks

Investment Snapshot

77
Websol Energy System Ltd scores 77/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health76/100 · Strong
ROCE 59.2% ExcellentROE 80.2% ExcellentD/E 0.15 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money70/100 · Strong
FII holding up 0.80% (6mo) Slight increasePromoter increased by 2.01% Positive
Earnings Quality65/100 · Strong
OPM expanding (-31% → 20%) Improving
Quarterly Momentum80/100 · Strong
Revenue (4Q): +92% YoY AcceleratingProfit (4Q): +371% YoY StrongOPM: 41.0% (down 5.0% YoY) Margin pressure
Industry Rank100/100 · Strong
P/E 13.5 vs industry 153.0 Cheaper than peersROCE 59.2% vs industry 11.7% Above peersROE 80.2% vs industry 22.9% Above peers3Y sales CAGR: 39% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:56 am

Market Cap 3,097 Cr.
Current Price 71.3
Intrinsic Value₹75.27
High / Low 160/50.4
Stock P/E13.5
Book Value 9.27
Dividend Yield0.00 %
ROCE59.2 %
ROE80.2 %
Face Value 1.00
PEG Ratio0.16

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Websol Energy System Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Websol Energy System Ltd 3,097 Cr. 71.3 160/50.413.5 9.270.00 %59.2 %80.2 % 1.00
Fusion Micro Finance Ltd 2,335 Cr. 145 212/124 1180.00 %2.96 %54.5 % 10.0
VRL Logistics Ltd 4,128 Cr. 236 325/22617.3 62.63.18 %15.7 %17.4 % 10.0
Subros Ltd 4,451 Cr. 682 1,214/51826.5 1780.38 %20.0 %14.5 % 2.00
AKM Creations Ltd 1,731 Cr. 1,130 1,175/770897 34.80.00 %6.21 %4.66 % 10.0
Industry Average7,439.67 Cr186.66153.03219.100.31%11.73%22.92%9.00

All Competitor Stocks of Websol Energy System Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0000125112144147173219168261
Expenses 62213286881809511596155
Operating Profit -5-1-1-1-2-34463687810372106
OPM % -1,627%-1,327%-750%-277%-429%-13%39%44%46%45%47%43%41%
Other Income -1100-101-4000123-3
Interest 1111055654454
Depreciation 4444424891510111116
Profit before tax -11-5-6-5-107-3632494866916084
Tax % -39%6%-12%-25%-49%62%28%14%14%27%26%23%23%
Net Profit -7-5-5-4-55-5923424248674665
EPS in Rs -0.18-0.14-0.13-0.10-1.29-1.390.540.990.981.141.591.101.54

Last Updated: February 3, 2026, 2:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:42 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 305356280296183691961542131726575821
Expenses 291351271267167931931201873027322460
Operating Profit 14592917-2533426-13-1253361
OPM % 5%1%3%10%9%-36%1%22%12%-74%-5%44%44%
Other Income -39-39-170111746061-11024
Interest 3121596693452016
Depreciation 18161515141515151515364148
Profit before tax -74-52-9795-29-156914-32-153194301
Tax % 0%1%14%0%0%0%-127%29%30%-25%-21%20%
Net Profit -74-52-10795-2944910-24-121155227
EPS in Rs -3.38-2.38-0.453.580.18-1.000.131.590.26-0.61-2.873.675.37
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)29.73%80.77%890.00%-93.67%-680.00%113.79%1125.00%-79.59%-340.00%-404.17%228.10%
Change in YoY Net Profit Growth (%)0.00%51.04%809.23%-983.67%-586.33%793.79%1011.21%-1204.59%-260.41%-64.17%632.27%

Websol Energy System Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:24%
3 Years:39%
TTM:397%
Compounded Profit Growth
10 Years:30%
5 Years:69%
3 Years:160%
TTM:2354%
Stock Price CAGR
10 Years:54%
5 Years:131%
3 Years:135%
1 Year:25%
Return on Equity
10 Years:%
5 Years:16%
3 Years:23%
Last Year:80%

Last Updated: September 5, 2025, 1:56 pm

Balance Sheet

Last Updated: December 10, 2025, 3:39 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 22222222272931313739424242
Reserves -164-217-2273674959414315515266236349
Borrowings 38938235284817678353628184153159
Other Liabilities 3834003061751871521097558486183158
Total Liabilities 629587453317369352311284286267353514709
Fixed Assets 322280266283304287254239225210270285481
CWIP 1200001000630178
Investments 00000000000516
Other Assets 2963071873465645645615153208204
Total Assets 629587453317369352311284286267353514709

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -56-1330142105136-3-835167
Cash from Investing Activity + -14-4-028-1613-0-1-6-223-86
Cash from Financing Activity + 6315-30-168-12-11-14-35610189-35
Net Cash Flow -7-1-12-30012-4147
Free Cash Flow -70-1430164461236-4-14-18986
CFO/OP -396%-235%357%497%81%-23%1%107%-11%65%-2,645%67%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-375.00-377.00-343.00-55.00-64.00-101.00-75.00-1.00-10.00-41.00-185.00100.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 210162942425133474637113
Inventory Days 55613375121629705654452570
Days Payable 32828325064172517134157588781,33466
Cash Conversion Cycle -63-60-124-55-79-249-72-4045-298-7987
Working Capital Days -387-363-353-183-98-397-102-77-16-853-709-5
ROCE %-1%-5%-3%62%8%-12%-1%11%7%-11%-14%59%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters 26.76%26.76%27.71%27.71%27.71%27.71%27.71%27.71%27.71%27.71%27.71%29.72%
FIIs 4.14%0.83%0.77%0.47%0.01%0.48%2.46%4.24%4.39%5.47%5.40%5.19%
DIIs 0.02%0.02%0.25%0.00%0.00%0.00%0.09%0.02%0.44%0.26%0.31%0.02%
Public 69.09%72.40%71.26%71.82%72.28%71.80%69.74%68.04%67.47%66.57%66.59%65.06%
No. of Shareholders 69,25562,10161,03286,1641,02,8921,13,6901,22,9021,27,3781,26,2811,27,1901,42,5561,36,964

Shareholding Pattern Chart

No. of Shareholders

Websol Energy System Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 36.66-29.99-6.312.9122.10
Diluted EPS (Rs.) 36.17-29.99-6.312.9119.30
Cash EPS (Rs.) 46.35-20.13-2.156.8226.71
Book Value[Excl.RevalReserv]/Share (Rs.) 65.8825.5249.3052.2953.81
Book Value[Incl.RevalReserv]/Share (Rs.) 65.8825.5249.3052.2953.81
Revenue From Operations / Share (Rs.) 136.346.134.4458.1949.32
PBDIT / Share (Rs.) 60.33-1.56-2.548.4612.22
PBIT / Share (Rs.) 50.64-10.09-6.504.287.29
PBT / Share (Rs.) 46.08-36.17-8.133.7822.24
Net Profit / Share (Rs.) 36.66-28.66-6.112.6421.78
PBDIT Margin (%) 44.25-25.42-57.2814.5424.77
PBIT Margin (%) 37.14-164.70-146.377.3514.77
PBT Margin (%) 33.79-590.42-183.096.4945.08
Net Profit Margin (%) 26.89-467.77-137.514.5344.16
Return on Networth / Equity (%) 55.65-112.29-12.385.0440.47
Return on Capital Employeed (%) 49.86-15.63-12.047.0210.70
Return On Assets (%) 30.07-34.29-8.863.3823.86
Long Term Debt / Equity (X) 0.441.510.000.020.07
Total Debt / Equity (X) 0.541.700.140.180.15
Asset Turnover Ratio (%) 1.330.080.060.740.51
Current Ratio (X) 1.910.380.300.910.57
Quick Ratio (X) 1.510.140.060.550.32
Inventory Turnover Ratio (X) 21.481.570.828.586.86
Interest Coverage Ratio (X) 13.21-1.39-2.5810.164.19
Interest Coverage Ratio (Post Tax) (X) 9.03-2.29-4.543.772.34
Enterprise Value (Cr.) 5110.232239.74327.32376.99154.48
EV / Net Operating Revenue (X) 8.8886.6119.001.771.01
EV / EBITDA (X) 20.07-340.61-33.1712.164.06
MarketCap / Net Operating Revenue (X) 8.7779.5517.431.620.84
Price / BV (X) 18.1419.101.571.800.77
Price / Net Operating Revenue (X) 8.7779.5617.441.620.84
EarningsYield 0.03-0.05-0.070.020.52

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Websol Energy Systems Ltd. is a Public Limited Listed company incorporated on 08/02/1990 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L29307WB1990PLC048350 and registration number is 048350. Currently Company is involved in the business activities of Manufacture of other electrical equipment. Company's Total Operating Revenue is Rs. 575.46 Cr. and Equity Capital is Rs. 42.21 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electric Equipment - General52/1, Shakespeare Sarani, Kolkata West Bengal 700017Contact not found
Management
NamePosition Held
Mr. S L AgarwalManaging Director
Mr. Sanjana KhaitanDirector & CFO
Mrs. Sreeram VasanthiDirector
Mr. Vishal PatodiaDirector
Mr. Rajeewa R AryaDirector
Mr. Shailesh Kumar MishraDirector

FAQ

What is the intrinsic value of Websol Energy System Ltd and is it undervalued?

As of 09 April 2026, Websol Energy System Ltd's intrinsic value is ₹75.27, which is 5.57% higher than the current market price of ₹71.30, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (80.2 %), book value (₹9.27), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Websol Energy System Ltd?

Websol Energy System Ltd is trading at ₹71.30 as of 09 April 2026, with a FY2026-2027 high of ₹160 and low of ₹50.4. The stock is currently near its 52-week low. Market cap stands at ₹3,097 Cr..

How does Websol Energy System Ltd's P/E ratio compare to its industry?

Websol Energy System Ltd has a P/E ratio of 13.5, which is below the industry average of 153.03. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Websol Energy System Ltd financially healthy?

Key indicators for Websol Energy System Ltd: ROCE of 59.2 % indicates efficient capital utilization; ROE of 80.2 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Websol Energy System Ltd profitable and how is the profit trend?

Websol Energy System Ltd reported a net profit of ₹155 Cr in Mar 2025 on revenue of ₹575 Cr. Compared to ₹10 Cr in Mar 2022, the net profit shows an improving trend.

Does Websol Energy System Ltd pay dividends?

Websol Energy System Ltd has a dividend yield of 0.00 % at the current price of ₹71.30. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Websol Energy System Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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