Websol Energy System Limited , established in 1994, is a prominent player in India’s solar energy sector, specializing in the manufacture of high-quality photovoltaic crystalline solar cells and modules. Renowned for its technological innovation, WESL produces advanced Mono PERC solar cells and modules, offering conversion efficiencies of up to 23.2%, which positions it among industry leaders in performance and reliability. The company’s cutting-edge manufacturing facility is strategically located in the Falta Special Economic Zone (SEZ) in West Bengal, equipped with state-of-the-art technology to ensure precision and quality in its products. With a strong commitment to sustainability and renewable energy solutions, Websol Energy System Limited continues to drive the adoption of solar power in India, contributing significantly to the nation’s clean energy goals.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 26.76% | 27.71% | 27.71% | 27.71% | 27.71% |
| FIIs + | 0.83% | 0.77% | 0.47% | 0.01% | 0.48% |
| DIIs + | 0.02% | 0.25% | 0.00% | 0.00% | 0.00% |
| Public + | 72.40% | 71.26% | 71.82% | 72.28% | 71.80% |
| No. of Shareholders | 62,101 | 61,032 | 86,164 | 1,02,892 | 1,13,690 |
The shareholding pattern of Websol Energy System reveals notable trends from September 2023 to September 2024. Promoters consistently held a significant stake, increasing slightly from 26.76% in September 2023 to 27.71% from December 2023 onwards, demonstrating their confidence in the company’s growth. Foreign Institutional Investors (FIIs) saw a decline in their holdings, dropping from 0.83% in September 2023 to a low of 0.01% by June 2024, before slightly recovering to 0.48% in September 2024. Domestic Institutional Investors (DIIs) maintained a negligible presence, peaking at 0.25% in December 2023 but holding no shares from March 2024 onwards. The public’s stake remained dominant, fluctuating between 71.26% and 72.40%, with the number of shareholders rising significantly from 62,101 in September 2023 to 1,13,690 in September 2024, indicating growing retail investor interest in Websol Energy System.
Recent news on Websol Energy System
Websol Energy System Ltd has announced a significant update regarding its capacity expansion plans. The company is set to enhance its manufacturing capabilities with the addition of a new 600 MW solar cell production line at its facility in Falta, West Bengal. This expansion underscores Websol’s commitment to meeting the growing demand for solar energy solutions in India and globally. The state-of-the-art production line is anticipated to commence commercial operations by July 2025, further strengthening the company’s position as a leader in the renewable energy sector. This development highlights Websol’s strategic focus on innovation and scaling operations to support the transition to sustainable energy.
Below are the trading platforms that you can use to purchase Websol Energy System shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| January 2025 | 1,715.99 | 1,319.99 |
| February 2025 | 1,733.32 | 1,333.32 |
| March 2025 | 1,769.72 | 1,361.32 |
| April 2025 | 1,752.20 | 1,347.85 |
| May 2025 | 1,701.17 | 1,308.59 |
| June 2025 | 1,777.72 | 1,367.47 |
| July 2025 | 1,742.86 | 1,340.66 |
| August 2025 | 1,796.76 | 1,382.13 |
| September 2025 | 1,818.32 | 1,398.71 |
| October 2025 | 1,865.60 | 1,435.08 |
| November 2025 | 1,912.24 | 1,470.95 |
| December 2025 | 1,998.29 | 1,537.15 |
In 2025, Websol Energy System is projected to exhibit a steady rise in its price range throughout the year. As we move through January, the maximum price is expected to reach ₹1,715.99, with a minimum of ₹1,319.99. By December, the maximum price could ascend to ₹1,998.29, while the minimum is anticipated to settle at ₹1,537.15.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,058.24 | 1,583.26 |
| February 2026 | 2,006.78 | 1,543.68 |
| March 2026 | 2,046.92 | 1,574.55 |
| April 2026 | 2,088.69 | 1,606.69 |
| May 2026 | 2,068.01 | 1,590.78 |
| June 2026 | 2,119.71 | 1,630.55 |
| July 2026 | 2,078.15 | 1,598.58 |
| August 2026 | 2,142.42 | 1,648.02 |
| September 2026 | 2,185.27 | 1,680.98 |
| October 2026 | 2,242.09 | 1,724.68 |
| November 2026 | 2,298.14 | 1,767.80 |
| December 2026 | 2,355.60 | 1,812.00 |
As we move through 2026, Websol Energy System is expected to exhibit a strong performance. In January, the maximum price may reach ₹2,058.24, while the minimum could be ₹1,583.26. By December, the maximum price is projected to rise to ₹2,355.60, with a minimum of ₹1,812.00.
| When | Maximum Price | Minimum Price |
| January 2027 | 2,379.15 | 1,830.12 |
| February 2027 | 2,440.15 | 1,877.04 |
| March 2027 | 2,535.32 | 1,950.25 |
| April 2027 | 2,485.61 | 1,912.01 |
| May 2027 | 2,413.21 | 1,856.32 |
| June 2027 | 2,521.81 | 1,939.85 |
| July 2027 | 2,472.36 | 1,901.82 |
| August 2027 | 2,548.82 | 1,960.63 |
| September 2027 | 2,638.03 | 2,029.26 |
| October 2027 | 2,706.62 | 2,082.02 |
| November 2027 | 2,774.29 | 2,134.07 |
| December 2027 | 2,843.65 | 2,187.42 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,900.52 | 2,231.17 |
| February 2028 | 2,974.89 | 2,288.38 |
| March 2028 | 3,090.91 | 2,377.62 |
| April 2028 | 3,030.30 | 2,331.00 |
| May 2028 | 2,942.04 | 2,263.11 |
| June 2028 | 3,074.44 | 2,364.95 |
| July 2028 | 3,014.15 | 2,318.58 |
| August 2028 | 3,107.37 | 2,390.29 |
| September 2028 | 3,216.13 | 2,473.95 |
| October 2028 | 3,299.75 | 2,538.27 |
| November 2028 | 3,382.24 | 2,601.73 |
| December 2028 | 3,466.80 | 2,666.77 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,536.14 | 2,720.11 |
| February 2029 | 3,626.81 | 2,789.85 |
| March 2029 | 3,768.25 | 2,898.66 |
| April 2029 | 3,694.37 | 2,841.82 |
| May 2029 | 3,586.76 | 2,759.05 |
| June 2029 | 3,748.17 | 2,883.21 |
| July 2029 | 3,674.67 | 2,826.67 |
| August 2029 | 3,788.32 | 2,914.09 |
| September 2029 | 3,920.91 | 3,016.09 |
| October 2029 | 4,022.86 | 3,094.51 |
| November 2029 | 4,123.43 | 3,171.87 |
| December 2029 | 4,226.52 | 3,251.17 |
| When | Maximum Price | Minimum Price |
| January 2030 | 4,311.05 | 3,316.19 |
| February 2030 | 4,421.59 | 3,401.22 |
| March 2030 | 4,594.03 | 3,533.87 |
| April 2030 | 4,503.95 | 3,464.58 |
| May 2030 | 4,372.77 | 3,363.67 |
| June 2030 | 4,569.54 | 3,515.03 |
| July 2030 | 4,479.94 | 3,446.11 |
| August 2030 | 4,618.50 | 3,552.69 |
| September 2030 | 4,780.14 | 3,677.03 |
| October 2030 | 4,904.43 | 3,772.64 |
| November 2030 | 5,027.04 | 3,866.95 |
| December 2030 | 5,152.71 | 3,963.63 |
As we progress through 2030, Websol Energy System is anticipated to demonstrate remarkable growth. In January, the maximum price is projected to reach ₹4,311.05, with a minimum of ₹3,316.19. By December, the maximum price is expected to climb to ₹5,152.71, while the minimum may rise to ₹3,963.63, reflecting a strong upward trajectory throughout the year.
Financial Condition of Websol Energy System
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 196 | 154 | 213 | 17 | 26 | 281 |
| Expenses + | 193 | 120 | 187 | 30 | 27 | 179 |
| Operating Profit | 3 | 34 | 26 | -13 | -1 | 101 |
| OPM % | 1% | 22% | 12% | -74% | -5% | 36% |
| Other Income + | 4 | 60 | 6 | 1 | -110 | -104 |
| Interest | 6 | 9 | 3 | 4 | 5 | 16 |
| Depreciation | 15 | 15 | 15 | 15 | 36 | 45 |
| Profit before tax | -15 | 69 | 14 | -32 | -153 | -63 |
| Tax % | -127% | 29% | 30% | -25% | -21% | |
| Net Profit + | 4 | 49 | 10 | -24 | -121 | -48 |
| EPS in Rs | 1.34 | 15.86 | 2.64 | -6.11 | -28.66 | -11.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
The financial performance of Websol Energy System over recent years reflects significant fluctuations. From March 2020 to March 2024, the company’s sales have seen ups and downs, with a notable recovery in the TTM (Trailing Twelve Months) period, achieving ₹281 crore in sales compared to ₹26 crore in March 2024. However, expenses were consistently high, peaking at ₹193 crore in March 2020 and dropping to ₹179 crore in the TTM.
Operating Profit Margin (OPM%) showcased volatility, starting at 1% in March 2020, peaking at 22% in March 2021, and turning negative in March 2023 and 2024. The TTM period shows a recovery with a robust 36% OPM. Despite this, the company reported consistent losses in profit before tax (PBT) since March 2023, reflecting challenges in profitability.
Net profit trends highlight a downturn, with ₹49 crore in March 2021 declining to a loss of ₹121 crore in March 2024 and a TTM loss of ₹48 crore. EPS followed a similar pattern, dipping to -₹28.66 in March 2024 but showing signs of improvement to -₹11.74 in the TTM. Websol Energy System has yet to declare dividends over the reviewed period, focusing instead on stabilizing its financial health.
This financial journey underlines both challenges and recovery opportunities for Websol Energy System as it navigates the evolving solar energy market.
FAQs
What is Websol Energy System current market capitalization?
Websol Energy System currently boasts a market capitalization of ₹7,130 crore
Websol Energy System share price soared to an impressive peak of ₹1,998.29 in December 2025, signaling strong investor confidence and market optimism.
Looking ahead, Websol Energy System share price is anticipated to reach impressive heights, ranging from ₹3,963.63 to ₹5,152.71 by December 2030, highlighting the company’s promising long-term growth prospects.
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Conclusion
Websol Energy System Limited is showing a promising financial recovery, with a significant rise in sales to ₹281 crore in the trailing twelve months (TTM). Despite previous challenges, the company has achieved a solid operating profit margin of 36%. The introduction of a new 600 MW solar cell production line in Falta, West Bengal, scheduled for commercial operation by July 2025, is a strategic move to meet rising demand for solar solutions. Additionally, the growing number of retail investors reflects increasing market confidence. These factors collectively indicate a positive outlook for Websol’s growth in the renewable energy sector.
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