Websol Energy System Limited (WEBELSOLAR) AI Stock Analysis

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Websol Energy System Limited

(NSE:WEBELSOLAR)

Select Model

Rating:73Outperform

Price Target:INR 81.00▲(13.83% Upside)

Action:reiterated

Date:10/09/26

The company's outstanding financial performance, marked by rapid growth and a pristine balance sheet, is the primary driver of the score. A compellingly low P/E ratio further supports the valuation case. However, these strengths are significantly offset by weak technicals, as the stock is in a clear downtrend with bearish momentum indicators.

Positive Factors

Revenue and Margin ExpansionStrong consecutive revenue growth, combined with a very high FY2026 net margin, indicates materially improved operating performance and product economics. If maintained, this combination can strengthen internal funding capacity, support reinvestment, and improve the company’s competitive position over the next several quarters.

Negative Factors

Weakening Free Cash FlowThe sharp FY2026 decline in free cash flow means reported profitability is not translating fully into cash available after investment and operating requirements. Continued weak conversion could constrain discretionary spending, dividends, or expansion funding, making future growth more dependent on working-capital management and financing.

Websol Energy System Limited (WEBELSOLAR) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 30.82B
Dividend Yield: 0.35%
Average Volume (3M): 230.22K
Price to Earnings (P/E): 8.9
Beta (1Y): 1.27
Revenue Growth: 97.39%
EPS Growth: 67.02%
Country: India
Employees: 190
Sector: General
Sector Strength: 55
Industry: Solar

Websol Energy System Limited Business Overview & Revenue Model

Company Description

Websol Energy System Limited, an Indian firm, is engaged in the manufacturing and sale of crystalline photovoltaic (PV) solar cells and their associated modules. These modules are deployed in a range of applications, such as large-scale solar power g...

Websol Energy System Limited Financial Statement Overview

Summary

Exceptional financial health driven by explosive revenue growth, high profitability with net margins near 29%, and a conservative debt-to-equity ratio of 0.21. Strong operating cash flow supports the business, though high capex tempers free cash flow.

Income Statement

92Very Positive

Balance Sheet

95Very Positive

Cash Flow

85Very Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	13.96B	10.49B	5.75B	258.59M	172.20M	2.13B
Gross Profit	6.57B	6.38B	3.57B	-304.07M	30.00M	443.04M
EBITDA	5.10B	4.37B	2.53B	-1.12B	-121.77M	321.26M
Net Income	3.47B	3.03B	1.55B	-1.21B	-236.70M	96.70M
Balance Sheet
Total Assets	9.69B	9.31B	5.14B	3.53B	2.67B	2.86B
Cash, Cash Equivalents and Short-Term Investments	1.65B	1.52B	869.20M	9.28M	855.00K	37.70M
Total Debt	124.70M	1.31B	1.53B	1.84B	280.01M	364.75M
Total Liabilities	1.92B	3.00B	2.36B	2.45B	757.80M	943.10M
Stockholders Equity	7.77B	6.31B	2.78B	1.08B	1.91B	1.92B
Cash Flow
Free Cash Flow	0	753.20M	1.24B	-1.89B	-141.80M	-39.37M
Operating Cash Flow	0	2.55B	1.67B	349.40M	-84.20M	-29.61M
Investing Cash Flow	0	-2.34B	-859.10M	-2.23B	-57.60M	-9.75M
Financing Cash Flow	0	-27.60M	-345.50M	1.89B	104.90M	60.51M

Websol Energy System Limited Technical Analysis

Technical Analysis SentimentNeutral

Last Price71.16

Price Trends

50DMA70.15Positive

100DMA82.23Negative

200DMA83.83Negative

Market Momentum

MACD0.59Negative

RSI54.68Neutral

STOCH70.01Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WEBELSOLAR, the sentiment is Neutral. The current price of 71.16 is above the 20-day moving average (MA) of 67.60, above the 50-day MA of 70.15, and below the 200-day MA of 83.83, indicating a neutral trend. The MACD of 0.59 indicates Negative momentum. The RSI at 54.68 is Neutral, neither overbought nor oversold. The STOCH value of 70.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:WEBELSOLAR.

Websol Energy System Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:WEBELSOLAR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:WEBELSOLAR	73Outperform	INR 31.47B	8.95	―	0.35%	97.39%	67.02%
IN:WAAREEENER	66Neutral	INR 737.83B	19.83	―	0.08%	75.43%	38.62%
IN:PREMIERENE	61Neutral	INR 404.92B	22.82	―	0.14%	32.46%	48.22%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SWELECTES	44Neutral	INR 9.37B	22.11	―	0.57%	-10.86%	55.28%
IN:SWSOLAR	39Underperform	INR 37.17B	17.65	―	―	-9.04%	―

* General Sector Average

Performance Comparison

IN:WEBELSOLAR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:WEBELSOLAR	Websol Energy System Limited	71.16	-54.97	-43.58%
IN:GENSOL	Gensol Engineering Limited	10.25	-21.26	-67.47%
IN:PREMIERENE	Premier Energies Limited	896.90	-117.23	-11.56%
IN:SWELECTES	Swelect Energy Systems Limited	618.40	-134.01	-17.81%
IN:SWSOLAR	Sterling And Wilson Renewable Energy Limited	155.05	-77.80	-33.41%
IN:WAAREEENER	WAAREE Energies Limited	2544.00	-756.01	-22.91%

Websol Energy System Limited Corporate Events

Websol Secures West Bengal Land for 4 GW Greenfield Solar Manufacturing Plant

Sep 23, 2026

Websol Energy System Limited has received a 54.20-acre land allotment from the West Bengal government at Falta Industrial Park in Kolkata for a new greenfield solar manufacturing facility. The plant is planned to house 4 GW of solar cell and 4 GW of...

Websol Energy Dispatches 36th AGM Notice and FY 2025-26 Annual Report

Aug 31, 2026

Websol Energy System Limited has notified the stock exchanges that it has dispatched the notice of its 36th Annual General Meeting and the Annual Report for the financial year 2025-26 to its shareholders. The company also published the related advert...

Websol Energy Sets Dividend Record Date for FY 2025-26

Aug 29, 2026

Websol Energy System Limited’s board has proposed a final dividend of Rs 0.25 per equity share of Re 1 for the financial year 2025-26, subject to shareholder approval at the annual general meeting scheduled for 22 September 2026. The move signals the...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 09, 2026

Websol Energy System Limited AI Stock Analysis