Websol Energy System Ltd

Websol Energy Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Websol Energy System Ltd

₹ 556 -4.18%
31 May - close price
webelsolar.com BSE: 517498 NSE: WEBELSOLAR
About

Websol Energy System Limited is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India. [1]

Key Points

Products
Co. specializes in the production of photovoltaic crystalline solar cells and related PV modules. The Company’s products are used in both commercial and industrial Solar Energy panels in India and internationally. [1]

Website BSE NSE - BE
  • Market Cap ₹ 2,347 Cr.
  • Current Price ₹ 556
  • High / Low ₹ 749 / 82.2
  • Stock P/E
  • Book Value ₹ 25.5
  • Dividend Yield 0.00 %
  • ROCE -16.7 %
  • ROE -10.4 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 21.8 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.7% over past five years.
  • Promoter holding is low: 27.7%
  • Company has a low return on equity of -5.34% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 79.4% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
47 43 58 50 63 3 14 0 0 0 0 1 25
38 36 51 43 57 7 15 6 2 2 1 3 28
Operating Profit 9 7 7 7 5 -4 -2 -5 -1 -1 -1 -2 -3
OPM % 19% 17% 12% 13% 9% -129% -14% -1,627% -1,327% -750% -277% -429% -13%
2 2 1 2 1 1 -0 -1 1 0 0 -101 -4
Interest 2 1 1 1 1 1 1 1 1 1 1 0 5
Depreciation 4 4 4 4 4 4 4 4 4 4 4 4 24
Profit before tax 5 4 4 4 2 -8 -7 -11 -5 -6 -5 -107 -36
Tax % 402% 26% -3% 51% 69% 6% 45% 39% -6% 12% 25% 49% -62%
-15 3 4 2 0 -8 -4 -7 -5 -5 -4 -55 -59
EPS in Rs -4.79 1.00 1.10 0.55 0.14 -2.08 -1.06 -1.76 -1.38 -1.29 -1.02 -12.95 -13.88
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
114 305 356 280 296 183 69 196 154 213 17 26
123 291 351 271 267 167 93 193 120 187 30 33
Operating Profit -9 14 5 9 29 17 -25 3 34 26 -13 -8
OPM % -8% 5% 1% 3% 10% 9% -36% 1% 22% 12% -74% -29%
25 -39 -39 -1 70 11 17 4 60 6 1 -104
Interest 19 31 2 1 5 9 6 6 9 3 4 5
Depreciation 13 18 16 15 15 14 15 15 15 15 15 36
Profit before tax -16 -74 -52 -9 79 5 -29 -15 69 14 -32 -153
Tax % 0% 0% -1% -14% 0% 0% -0% 127% 29% 30% 25% 21%
-16 -74 -52 -10 79 5 -29 4 49 10 -24 -121
EPS in Rs -7.24 -33.84 -23.83 -4.49 35.83 1.79 -9.97 1.34 15.86 2.64 -6.11 -28.66
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -22%
5 Years: -18%
3 Years: -45%
TTM: 50%
Compounded Profit Growth
10 Years: 4%
5 Years: 8%
3 Years: %
TTM: 26%
Stock Price CAGR
10 Years: 43%
5 Years: 76%
3 Years: 121%
1 Year: 526%
Return on Equity
10 Years: %
5 Years: -1%
3 Years: -5%
Last Year: -10%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 22 22 22 22 22 27 29 31 31 37 39 42
Reserves -90 -164 -217 -227 36 74 95 94 143 155 152 66
428 389 382 352 84 81 76 78 35 36 28 184
171 383 400 306 175 187 152 109 75 58 48 61
Total Liabilities 530 629 587 453 317 369 352 311 284 286 267 353
339 322 280 266 283 304 287 254 239 225 210 270
CWIP 1 12 0 0 0 0 1 0 0 0 6 30
Investments 0 0 0 0 0 0 0 0 0 0 0 0
191 296 307 187 34 65 64 56 45 61 51 53
Total Assets 530 629 587 453 317 369 352 311 284 286 267 353

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-4 -56 -13 30 142 10 5 1 36 -3 -8 35
-2 -14 -4 -0 28 -1 6 13 -0 -1 -6 -223
-0 63 15 -30 -168 -12 -11 -14 -35 6 10 189
Net Cash Flow -6 -7 -1 -1 2 -3 0 0 1 2 -4 1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 230 210 162 94 2 42 51 33 47 46 37 11
Inventory Days 143 55 61 33 7 51 216 29 70 56 544 525
Days Payable 381 328 283 250 64 172 517 134 157 58 878 1,334
Cash Conversion Cycle -9 -63 -60 -124 -55 -79 -249 -72 -40 45 -298 -798
Working Capital Days -235 -126 -146 -222 -142 -49 -180 -49 -24 39 -272 -410
ROCE % -1% -5% -3% 62% 8% -12% -1% 11% 7% -11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
25.04% 25.37% 25.37% 25.37% 25.37% 25.37% 26.76% 26.76% 26.76% 26.76% 27.71% 27.71%
1.67% 7.70% 3.75% 2.98% 2.70% 2.78% 3.84% 4.08% 4.14% 0.83% 0.77% 0.47%
0.03% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.25% 0.00%
73.27% 66.91% 70.86% 71.63% 71.90% 71.83% 69.38% 69.13% 69.09% 72.40% 71.26% 71.82%
No. of Shareholders 25,45431,95660,24978,17378,23176,49574,34972,62269,25562,10161,03286,164

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls

  • Feb 2018
    Transcript
    Notes
    PPT