Websol Energy System Limited (WEBELSOLAR)

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Websol Energy System Limited (WEBELSOLAR) · mywealthgrid

About

Websol Energy System Limited manufactures electrical equipment within industrials. A ₹3,700 Cr small-cap, the company has delivered strong profitability with 48% ROE and 40%+ operating margins, though quarterly revenues have shown volatility between ₹168–401 Cr.

Face value: ₹1

Market cap

₹2,983 Cr

P/E

9.8×

P/B

4.7×

Dividend yield

0.4%

ROE

48%

ROCE

48.4%

Debt / equity

0.19

OPM

40.8%

EPS (TTM)

₹7.0

Book value

₹14.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins compressed from 47.31% (Jun 2025) to 33.7% (Jun 2026)—a 13.6 pp decline; identify drivers and expected trajectory
Quarterly revenues volatile between ₹168–401 Cr; clarify whether project-based lumpy execution or reflects demand/cycle exposure
Net margins declined from 30.7% (Jun 2025) to 20.9% (Jun 2026) in parallel; verify causality and implications for profitability sustainability
Stock fell 31.64% over 1 year despite profitability and strong OPM; assess whether valuation reset or signals underlying operational concern

Generated analysis · source review pending

Growth drivers

Operating margins at 40.83% OPM remain strong despite compression from 47.31%; if quarterly revenue stabilizes above current base, this margin profile provides leverage for profit growth
ROE of 48.04% indicates capital deployed efficiently to generate returns; identify whether new investment opportunities could scale equity returns
Low financial leverage (D/E 0.19) provides borrowing capacity to fund expansion without material new debt burden
Quarterly net profit sustained in ₹46–124 Cr range; verify if profitability stabilizes once revenue volatility moderates and margin pressure eases

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹68.7-2.7%1Y

Quick read

rule-based

Pros

+Strong return on equity of 48% (3-yr avg)
+High return on capital employed of 48.4%
+Healthy operating margin of 40.8%
+Comfortable interest coverage of 23.6×

Cons

−Low dividend payout of 3.6% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

93/100

Business quality: 98
Valuation: 89

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Apar Industries LimitedAPARINDSAPARINDS	₹70,945 Cr	₹71,785 Cr	₹24,389 Cr	₹2,159 Cr	8.2%	₹1,182 Cr	4.3%	32.6%	19.7%	30
Waaree Energies LimitedWAAREEENERWAAREEENER	₹67,322 Cr	₹69,813 Cr	₹30,043 Cr	₹6,351 Cr	22.3%	₹2,763 Cr	14.6%	39.7%	30.9%	95
Premier Energies LimitedPREMIERENEPREMIERENE	₹39,863 Cr	₹43,480 Cr	₹8,466 Cr	₹2,543 Cr	30.4%	₹1,665 Cr	19.3%	36.3%	42.4%	115
Mtar Technologies LimitedMTARTECHMTARTECH	₹24,015 Cr	₹24,384 Cr	₹1,080 Cr	₹228 Cr	19.5%	₹133 Cr	10.7%	17.2%	12.1%	419
Emmvee Photovoltaic Power LimitedEMMVEEEMMVEE	₹21,177 Cr	₹21,355 Cr	₹5,578 Cr	₹1,932 Cr	34.3%	₹1,274 Cr	21.4%	43.6%	51.1%	159
Diamond Power Infrastructure LimitedDIACABSDIACABS	₹18,182 Cr	₹20,711 Cr	₹2,298 Cr	₹270 Cr	11.7%	₹197 Cr	8.3%	12.4%	—	93
Avalon Technologies LimitedAVALONAVALON	₹15,232 Cr	₹15,415 Cr	₹1,764 Cr	₹201 Cr	10.8%	₹134 Cr	7.1%	23.4%	16.9%	160
Fujiyama Power Systems LimitedUTLSOLARUTLSOLAR	₹12,327 Cr	₹12,788 Cr	₹3,403 Cr	₹639 Cr	18.5%	₹294 Cr	11.5%	29.6%	23.9%	123
Genus Power Infrastructures LimitedGENUSPOWERGENUSPOWER	₹8,518 Cr	₹10,817 Cr	₹5,173 Cr	₹973 Cr	19.2%	₹652 Cr	12.5%	31%	29%	188
Waaree Renewable Technologies LimitedWAAREERTLWAAREERTL	₹8,436 Cr	₹8,517 Cr	₹3,652 Cr	₹697 Cr	19.2%	₹511 Cr	14.4%	84.1%	68.9%	37
Ram Ratna Wires LimitedRAMRATRAMRAT	₹5,752 Cr	₹6,407 Cr	₹6,047 Cr	₹310 Cr	5.1%	₹127 Cr	2.1%	30.4%	20.1%	33
Vikram Solar LimitedVIKRAMSOLRVIKRAMSOLR	₹5,594 Cr	₹5,694 Cr	₹5,232 Cr	₹800 Cr	19.1%	₹357 Cr	9.8%	31.4%	21.3%	11

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2026
Revenue	1,049
COGS	412
Gross profit	638
	209
	429
OPM %	40.8%
Depreciation	62
Interest	16
	9
Profit before tax	359
Tax	56
Tax %	15.7%
PAT	303
PAT margin %	28.9%
EPS (₹)	7
EPS adjusted (₹)	7
	3.6%

₹ Cr	Mar 2026
Equity capital	43
Reserves	587
	118
	182
Total equity & liabilities	931
	459
CWIP	1
Investments	52
	419
Total assets	931

₹ Cr	Mar 2026
	255
	-234
	-3
Net cash flow	19
Free cash flow	75
CFO / Operating profit %	59.6%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 48%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2026
Margins
Gross margin %	60.8%
EBITDA margin %	40.8%
EBIT margin %	35%
PAT margin %	28.9%
Working capital
Receivable days	32
Inventory days	142
Payable days	63
NWC days	111
Leverage
Current ratio	2.94
Debt to EBITDA	0.28
Debt to equity	0.19
Interest coverage	23.6
Asset turnover	1.13
Return ratios
Return on assets %	32.5%
Return on capital employed %	48.4%
Return on equity %	48%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	26.77%	27.71%	27.71%	27.71%	27.71%	27.71%	27.71%	27.71%	27.71%	27.71%	29.72%	29.72%
	0.83%	0.77%	0.47%	0.01%	0.48%	2.46%	4.24%	4.39%	5.47%	5.4%	4.12%	3.74%
	0.02%	0.25%	0%	0%	0%	0.09%	0.02%	0.44%	0.26%	0.31%	0.32%	0.43%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	72.38%	71.27%	71.82%	72.28%	71.81%	69.74%	68.03%	67.46%	66.56%	66.58%	65.84%	66.11%
No. of shareholders	—	—	—	—	—	—	—	—	1,27,190	1,42,556	1,38,900	1,64,654

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

0.19%

of the company's equity

All mutual funds

0.43%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 2 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	7.96 L	6.09	0.24%	0.183%	-17,426
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	39,050	0.3	0.64%	0.009%	+4,597
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	5,448	0.04	0.01%	0.001%	+25
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	876	0.01	0.01%	0%	+1

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

CREDIT RATING RECEIVED FROM CRISIL1 Jan 2026 from CRISIL

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPT REC
Apr 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

4

Final dividend15 Sept 2026 · ex-date₹0.25
Dividend dividend14 Sept 2009 · ex-date₹1
Dividend dividend17 Sept 2008 · ex-date₹1
Dividend dividend13 Sept 2007 · ex-date₹1

1

Board meeting to consider results10 Aug 2026

1

Face value ₹10 → ₹114 Nov 2025 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

24 announcementsExport CSV

28 Sept 2026, 2:56 pmInsider Trading / SAST

Closure of Trading Window

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Ratio	Mar 2026
Margins
Gross margin %	60.8%
EBITDA margin %	40.8%
EBIT margin %	35%
PAT margin %	28.9%
Working capital
Receivable days	32
Inventory days	142
Payable days	63
NWC days	111
Leverage
Current ratio	2.94
Debt to EBITDA	0.28
Debt to equity	0.19
Interest coverage	23.6
Asset turnover	1.13
Return ratios
Return on assets %	32.5%
Return on capital employed %	48.4%
Return on equity %	48%

93 deals · 13 Aug 2021 – 24 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Mar 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	21,54,414	₹76.57	₹16.50 Cr
24 Mar 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	21,50,307	₹76.45	₹16.44 Cr
23 Mar 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	28,83,039	₹74.19	₹21.39 Cr
23 Mar 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	27,78,542	₹74.13	₹20.60 Cr
20 Mar 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	22,86,657	₹69.78	₹15.96 Cr
20 Mar 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	22,31,317	₹70.31	₹15.69 Cr
20 Mar 2026	MATHISYS ADVISORS LLP	Bulk	NSE	Buy	22,01,533	₹71.02	₹15.64 Cr
20 Mar 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	21,56,382	₹70.21	₹15.14 Cr
20 Mar 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	21,33,255	₹69.29	₹14.78 Cr
20 Mar 2026	MATHISYS ADVISORS LLP	Bulk	NSE	Sell	20,92,715	₹70.67	₹14.79 Cr

1–10 of 93

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
28 Sept 2026, 2:56 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 6:19 pm	AGM/EGM AGM	Chairman & Executive Director''''s Speech At The 36Th AGM Of Websol Energy System Limited	PDF
22 Sept 2026, 4:38 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
10 Sept 2026, 3:43 pm	Insider Trading / SAST Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011	PDF
31 Aug 2026, 4:18 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
29 Aug 2026, 6:04 pm	Corp. Action Dividend	Corporate Action-Board to consider Dividend	PDF
29 Aug 2026, 1:46 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
29 Aug 2026, 1:35 pm	AGM/EGM AGM	Notice Of 36Th AGM Of Websol Energy System Limited	PDF

Websol Energy System Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends4

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Dividends4

Board meetings1

Stock splits1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

4

1

1

4

1

1