Websol Energy System Ltd

Websol Energy System Ltd

₹ 596 4.11%
12 Apr - close price
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]

  • Market Cap 2,518 Cr.
  • Current Price 596
  • High / Low 600 / 76.0
  • Stock P/E 79.4
  • Book Value 46.6
  • Dividend Yield 0.00 %
  • ROCE -11.2 %
  • ROE -11.1 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 12.8 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -37.7% over past five years.
  • Promoter holding is low: 27.7%
  • Company has a low return on equity of -0.51% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 79.3% 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
48 47 43 58 50 63 3 14 0 0 0 0 1
44 38 36 51 43 57 7 15 6 2 2 1 3
Operating Profit 3 9 7 7 7 5 -4 -2 -5 -1 -1 -1 -2
OPM % 7% 19% 17% 12% 13% 9% -129% -14% -1,627% -1,327% -750% -277% -429%
57 2 2 1 2 1 1 -0 -1 1 0 0 -101
Interest 3 2 1 1 1 1 1 1 1 1 1 1 0
Depreciation 4 4 4 4 4 4 4 4 4 4 4 4 4
Profit before tax 54 5 4 4 4 2 -8 -7 -11 -5 -6 -5 -107
Tax % 0% 402% 26% -3% 51% 69% 6% 45% 39% -6% 12% 25% 49%
54 -15 3 4 2 0 -8 -4 -7 -5 -5 -4 -55
EPS in Rs 17.53 -4.79 1.00 1.10 0.55 0.14 -2.08 -1.06 -1.76 -1.38 -1.29 -1.02 -12.95
Raw PDF

Profit & Loss

Figures in Rs. Crores

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
143 114 305 356 280 296 183 69 196 154 213 17 1
260 123 291 351 271 267 167 93 193 120 187 30 7
Operating Profit -116 -9 14 5 9 29 17 -25 3 34 26 -13 -6
OPM % -81% -8% 5% 1% 3% 10% 9% -36% 1% 22% 12% -74% -530%
-58 25 -39 -39 -1 70 11 17 4 60 6 1 -99
Interest 34 19 31 2 1 5 9 6 6 9 3 4 3
Depreciation 20 13 18 16 15 15 14 15 15 15 15 15 15
Profit before tax -227 -16 -74 -52 -9 79 5 -29 -15 69 14 -32 -123
Tax % -3% 0% 0% -1% -14% 0% 0% -0% 127% 29% 30% 25%
-234 -16 -74 -52 -10 79 5 -29 4 49 10 -24 -69
EPS in Rs -106.58 -7.24 -33.84 -23.83 -4.49 35.83 1.79 -9.97 1.34 15.86 2.64 -6.11 -16.64
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
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: 87%
3 Years: 140%
1 Year: 639%
Return on Equity
10 Years: %
5 Years: -3%
3 Years: -1%
Last Year: -11%

Balance Sheet

Figures in Rs. Crores

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 22 22 22 22 22 22 27 29 31 31 37 39 39
Reserves -74 -90 -164 -217 -227 36 74 95 94 143 155 152 158
428 428 389 382 352 84 81 76 78 35 36 28 130
102 171 383 400 306 175 187 152 109 75 58 48 42
Total Liabilities 478 530 629 587 453 317 369 352 311 284 286 267 369
343 339 322 280 266 283 304 287 254 239 225 210 202
CWIP 7 1 12 0 0 0 0 1 0 0 0 6 100
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
127 191 296 307 187 34 65 64 56 45 61 51 66
Total Assets 478 530 629 587 453 317 369 352 311 284 286 267 369

Cash Flows

Figures in Rs. Crores

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-104 -4 -56 -13 30 142 10 5 1 36 -3 -8
-4 -2 -14 -4 -0 28 -1 6 13 -0 -1 -6
115 -0 63 15 -30 -168 -12 -11 -14 -35 6 10
Net Cash Flow 6 -6 -7 -1 -1 2 -3 0 0 1 2 -4

Ratios

Figures in Rs. Crores

Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 44 230 210 162 94 2 42 51 33 47 46 37
Inventory Days 53 143 55 61 33 7 51 216 29 70 56 544
Days Payable 37 381 328 283 250 64 172 517 134 157 58 878
Cash Conversion Cycle 59 -9 -63 -60 -124 -55 -79 -249 -72 -40 45 -298
Working Capital Days -140 -235 -126 -146 -222 -142 -49 -180 -49 -24 39 -272
ROCE % -31% -1% -5% -3% 62% 8% -12% -1% 11% 7% -11%

Shareholding Pattern

Numbers in percentages

8 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
25.04% 25.04% 25.37% 25.37% 25.37% 25.37% 25.37% 26.76% 26.76% 26.76% 26.76% 27.71%
8.21% 1.67% 7.70% 3.75% 2.98% 2.70% 2.78% 3.84% 4.08% 4.14% 0.83% 0.77%
0.02% 0.03% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.25%
66.74% 73.27% 66.91% 70.86% 71.63% 71.90% 71.83% 69.38% 69.13% 69.09% 72.40% 71.26%
No. of Shareholders 24,13525,45431,95660,24978,17378,23176,49574,34972,62269,25562,10161,032

* 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.

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