Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 22 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 517498 | NSE: WEBELSOLAR

Fundamental Analysis of Websol Energy System Ltd

Basic Stock Data

Last Updated: April 20, 2024, 7:57 am

Market Cap 2,693 Cr.
Current Price 638
High / Low638/78.3
Stock P/E85.0
Book Value 46.6
Dividend Yield0.00 %
ROCE11.2 %
ROE11.1 %
Face Value 10.0

Data Source: screener.in

Competitors of Websol Energy System Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Amara Raja Energy & Mobility Ltd
Aayush Food And Herbs Ltd 72.7 Cr. 224224/19.2727 14.80.00 %5.10 %8.95 % 10.0
Ashirwad Capital Ltd 33.6 Cr. 5.608.24/2.8823.2 2.320.00 %6.56 %5.87 % 1.00
Subros Ltd 3,796 Cr. 582734/29744.4 1380.17 %8.82 %5.60 % 2.00
United Polyfab Gujarat Ltd 216 Cr. 94.2125/85.128.1 29.90.00 %9.81 %9.47 % 10.0
Industry Average823.66 Cr181.16164.5437.000.03%6.06%5.98%4.60

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales48474358506331400001
Expenses44383651435771562213
Operating Profit397775-4-2-5-1-1-1-2
OPM %7%19%17%12%13%9%-129%-14%-1,627%-1,327%-750%-277%-429%
Other Income57221211-0-1100-101
Interest3211111111110
Depreciation4444444444444
Profit before tax5454442-8-7-11-5-6-5-107
Tax %0%402%26%-3%51%69%6%45%39%-6%12%25%49%
Net Profit54-153420-8-4-7-5-5-4-55
EPS in Rs17.53-4.791.001.100.550.14-2.08-1.06-1.76-1.38-1.29-1.02-12.95

Last Updated: April 10, 2024, 5:21 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:31 pm

MonthJun 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales14311430535628029618369196154213171
Expenses26012329135127126716793193120187307
Operating Profit-116-914592917-2533426-13-6
OPM %-81%-8%5%1%3%10%9%-36%1%22%12%-74%-530%
Other Income-5825-39-39-170111746061-99
Interest3419312159669343
Depreciation20131816151514151515151515
Profit before tax-227-16-74-52-9795-29-156914-32-123
Tax %-3%0%0%-1%-14%0%0%-0%127%29%30%25%
Net Profit-234-16-74-52-10795-2944910-24-69
EPS in Rs-106.58-7.24-33.84-23.83-4.4935.831.79-9.971.3415.862.64-6.11-16.64
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-362.50%29.73%80.77%890.00%-93.67%-680.00%113.79%1125.00%-79.59%-340.00%
Change in YoY Net Profit Growth (%)0.00%392.23%51.04%809.23%-983.67%-586.33%793.79%1011.21%-1204.59%-260.41%

Growth

Compounded Sales Growth
10 Years:-17%
5 Years:-38%
3 Years:-56%
TTM:-99%
Compounded Profit Growth
10 Years:2%
5 Years:%
3 Years:%
TTM:306%
Stock Price CAGR
10 Years:55%
5 Years:86%
3 Years:136%
1 Year:627%
Return on Equity
10 Years:%
5 Years:-3%
3 Years:-1%
Last Year:-11%

Last Updated: April 16, 2024, 6:13 pm

Websol Energy System Ltd Balance Sheet

MonthJun 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital22222222222227293131373939
Reserves-74-90-164-217-22736749594143155152158
Borrowings42842838938235284817678353628130
Other Liabilities10217138340030617518715210975584842
Total Liabilities478530629587453317369352311284286267369
Fixed Assets343339322280266283304287254239225210202
CWIP7112000010006100
Investments0000000000000
Other Assets1271912963071873465645645615166
Total Assets478530629587453317369352311284286267369

Reserves and Borrowings Chart

Cash Flow

MonthJun 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -104-4-56-1330142105136-3-8
Cash from Investing Activity -4-2-14-4-028-1613-0-1-6
Cash from Financing Activity 115-06315-30-168-12-11-14-35610
Net Cash Flow6-6-7-1-12-3-0012-4

Free Cash Flow

MonthJun 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-544.00-437.00-375.00-377.00-343.00-55.00-64.00-101.00-75.00-1.00-10.00-41.00

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

MonthJun 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days44230210162942425133474637
Inventory Days53143556133751216297056544
Days Payable373813282832506417251713415758878
Cash Conversion Cycle59-9-63-60-124-55-79-249-72-4045-298
Working Capital Days-140-235-126-146-222-142-49-180-49-2439-272
ROCE %-31%-1%-5%-3%62%8%-12%-1%11%7%-11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters25.04%25.04%25.37%25.37%25.37%25.37%25.37%26.76%26.76%26.76%26.76%27.71%
FIIs8.21%1.67%7.70%3.75%2.98%2.70%2.78%3.84%4.08%4.14%0.83%0.77%
DIIs0.02%0.03%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.25%
Public66.74%73.27%66.91%70.86%71.63%71.90%71.83%69.38%69.13%69.09%72.40%71.26%
No. of Shareholders24,13525,45431,95660,24978,17378,23176,49574,34972,62269,25562,10161,032

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-6.312.9122.101.40-10.01
Diluted EPS (Rs.)-6.312.9119.301.21-8.24
Cash EPS (Rs.)-2.156.8226.716.40-4.63
Book Value[Excl.RevalReserv]/Share (Rs.)49.3052.2953.8131.4429.62
Book Value[Incl.RevalReserv]/Share (Rs.)49.3052.2953.8131.4429.62
Revenue From Operations / Share (Rs.)4.4458.1949.3263.9123.62
PBDIT / Share (Rs.)-2.548.4612.224.46-2.51
PBIT / Share (Rs.)-6.504.287.29-0.59-7.85
PBT / Share (Rs.)-8.133.7822.24-4.99-9.95
Net Profit / Share (Rs.)-6.112.6421.781.34-9.97
PBDIT Margin (%)-57.2814.5424.776.97-10.62
PBIT Margin (%)-146.377.3514.77-0.93-33.22
PBT Margin (%)-183.096.4945.08-7.81-42.14
Net Profit Margin (%)-137.514.5344.162.10-42.22
Return on Networth / Equity (%)-12.385.0440.474.27-33.66
Return on Capital Employeed (%)-12.047.0210.70-0.89-10.51
Return On Assets (%)-8.863.3823.861.32-8.22
Long Term Debt / Equity (X)0.000.020.070.410.41
Total Debt / Equity (X)0.140.180.150.700.88
Asset Turnover Ratio (%)0.060.740.510.590.19
Current Ratio (X)0.300.910.570.490.44
Quick Ratio (X)0.060.550.320.380.19
Inventory Turnover Ratio (X)0.828.586.866.822.93
Interest Coverage Ratio (X)-2.5810.164.192.20-1.19
Interest Coverage Ratio (Post Tax) (X)-4.543.772.342.84-3.73
Enterprise Value (Cr.)327.32376.99154.48105.90149.62
EV / Net Operating Revenue (X)19.001.771.010.542.18
EV / EBITDA (X)-33.1712.164.067.76-20.53
MarketCap / Net Operating Revenue (X)17.431.620.840.191.08
Price / BV (X)1.571.800.770.390.85
Price / Net Operating Revenue (X)17.441.620.840.191.08
EarningsYield-0.070.020.520.10-0.39

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 448.46

The stock is overvalued by 29.71% compared to the current price ₹638

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -128.83, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -78.75, which is a positive sign.
  1. The stock has a low average ROCE of 2.00%, which may not be favorable.
  2. The company has higher borrowings (194.38) compared to reserves (10.38), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (179.00) and profit (-31.54).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Websol Energy System Ltd:
    1. Net Profit Margin: -137.51%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -12.04% (Industry Average ROCE: 10.97%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -12.38% (Industry Average ROE: 9.17%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -4.54
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.06
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 85.0 (Industry average Stock P/E: 17.44)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.14
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★︎☆☆☆☆

About the Company

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 belongs to the Industry of Electric Equipment - General. Company’s Total Operating Revenue is Rs. 213.22 Cr. and Equity Capital is Rs. 36.64 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electric Equipment - GeneralPlot No. 849, Block P, 48, Pramatha Choudhury Sarani, Kolkata West Bengal 700053investors@webelsolar.com
http://www.webelsolar.com
Management
NamePosition Held
Mr. S L AgarwalChairman & Managing Director
Mrs. Sreeram VasanthiExecutive Director
Mr. Devan KaushikInd. Non-Executive Director
Mr. Dharmendra SethiaInd. Non-Executive Director
Mr. Vishal PatodiaInd. Non-Executive Director
Mrs. Dipti BudhiaNon Executive Director

Websol Energy Systems Ltd. Share Price Update

Share PriceValue
Today₹637.90
Previous Day₹607.55

FAQ

What is the latest fair value of Websol Energy System Ltd?

The latest fair value of Websol Energy System Ltd is 448.46.

What is the Market Cap of Websol Energy System Ltd?

The Market Cap of Websol Energy System Ltd is 2,693 Cr..

What is the current Stock Price of Websol Energy System Ltd as on 22 April 2024?

The current stock price of Websol Energy System Ltd as on 22 April 2024 is 638.

What is the High / Low of Websol Energy System Ltd stocks in FY 2024?

In FY 2024, the High / Low of Websol Energy System Ltd stocks is ₹638/78.3.

What is the Stock P/E of Websol Energy System Ltd?

The Stock P/E of Websol Energy System Ltd is 85.0.

What is the Book Value of Websol Energy System Ltd?

The Book Value of Websol Energy System Ltd is 46.6.

What is the Dividend Yield of Websol Energy System Ltd?

The Dividend Yield of Websol Energy System Ltd is 0.00 %.

What is the ROCE of Websol Energy System Ltd?

The ROCE of Websol Energy System Ltd is 11.2 %.

What is the ROE of Websol Energy System Ltd?

The ROE of Websol Energy System Ltd is 11.1 %.

What is the Face Value of Websol Energy System Ltd?

The Face Value of Websol Energy System Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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