Websol Energy System Limited was listed on the BSE on May 15, 2007. In the last five years, its stock has given a massive return of more than 6000%. Will Websol Energy continue to provide such great returns in the future as well? Let’s explore Websol Energy Systems’ growth potential and the Websol Energy share price target 2025 to 2050 in this article.
About Websol Energy
Websol Energy System Limited is one of the biggest companies in India that makes monocrystalline photovoltaic (PV) solar cells and modules. It was founded on February 8, 1990. The products manufactured by Websol are approved by organizations such as TUV Rheinland and Underwriters Laboratories, and meet international standards, including IEC 61215, IEC 61730, and UL 1703.
Websol Energy Business Model
Websol Energy System Limited manufactures photovoltaic (PV) solar cells and solar modules. The company produces high-efficiency monocrystalline solar cells and modules for both domestic and international markets. These solar products are used in utility-scale solar power plants, rooftop installations, and off-grid solar applications.
Websol Energy Fundamental Analysis
| Stock Name | Websol Energy System Ltd. |
|---|---|
| NSE Symbol | WEBELSOLAR |
| Market Cap | ₹ 5950 Cr. |
| 52W High | ₹ 1891 |
| 52W Low | ₹ 524 |
| Stock P/E | 38.4 |
| Book Value | ₹ 64.0 |
| Dividend Yield | 0.00 % |
| ROCE | 59.2 % |
| ROE | 80.2 % |
| Face Value | ₹ 10.0 |
| Industry PE | 44.6 |
| Price to book value | 21.4 |
| Debt to equity | 0.55 |
| PEG Ratio | 0.56 |
| Quick ratio | 1.51 |
| Shareholders | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Promoters | 25.22% | 25.04% | 27.71% |
| FIIs | 10.34% | 8.21% | 4.24% |
| DIIs | 0.02% | 0.02% | 0.02% |
| Public | 64.42% | 66.74% | 68.04% |
| No. of Shareholders | 23,906 | 24,135 | 1,27,378 |
Key Factors Driving Websol Energy Future Growth
- Growing Demand for Solar Modules and Cells: With increasing adoption of solar power across residential, commercial, and industrial sectors, there is a strong demand for high-quality solar modules and cells. Websol Energy’s focus on manufacturing technologically advanced mono PERC and multi-crystalline solar cells supports its growth in both domestic and export markets.
- Focus on Capacity Expansion: Websol Energy has undertaken capacity expansion projects to meet the surging demand for solar products. The company is increasing its solar cell and module manufacturing capacity, which will enable it to capture a larger market share and enhance economies of scale, driving profitability.
- Government Incentives and PLI Scheme: The Indian government’s Production Linked Incentive (PLI) scheme for high-efficiency solar PV modules and supportive policies under “Make in India” are expected to provide a significant boost to domestic manufacturers like Websol Energy. These initiatives will improve competitiveness against imports and attract new business opportunities.
- Export Opportunities and Global Solar Growth: The global shift towards renewable energy and carbon neutrality is opening up new export markets for Indian solar manufacturers. Websol Energy is spending about ₹220 crore to update its production lines with new technologies like TOPCon. This will make its solar products more efficient and competitive on the global market.
Pros of Websol Energy
- Consistent Revenue Growth: Websol Energy sales have grown at a CAGR of 39% over the last three years.
- Consistent Profit Growth: Websol Energy profits have grown at a CAGR of 160% over the last three years.
- Low PE Ratio Compared to Peers: Websol Energy’s PE ratio is 37, which is lower than the industry average of 46.6, making it relatively undervalued and potentially a good investment opportunity.
- Increase in FIIs Holding: Foreign Institutional Investors (FIIs) have increased their holding to 4.24% in March 2025 from 2.46% in December 2024, which indicates growing confidence in Websol Energy’s future potential by the FIIs.
Cons of Websol Energy
- High Price to Book Value: Websol Energy is trading at a Price-to-Book Value (P/B) ratio of 21.4, which indicates that its stock is significantly overvalued compared to its book value.
- High Promoter Pledge: Websol Energy promoters have pledged 91.8% of their holding, which can be risky. If they fail to repay their loans, lenders might sell these shares, causing the stock price to fall.
- Low Promoter Holding: Websol Energy promoter holding is 27.7%, which is relatively low. This may indicate low promoter confidence and less control over decision-making, allowing outside investors to have more influence.
- Decrease in DIIs Holding: Domestic Institutional Investors (DIIs) have reduced their holding to 0.02% in March 2025 from 0.09% in December 2024, indicating a decline in DIIs confidence in the company’s future growth prospects.
Websol Energy Ltd Balance Sheet
| Particulars | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Equity Capital | 39 | 42 | 42 |
| Reserves | 152 | 66 | 236 |
| Borrowings | 28 | 184 | 153 |
| Other Liabilities | 48 | 61 | 83 |
| Total Liabilities | 267 | 353 | 514 |
| Fixed Assets | 210 | 270 | 290 |
| CWIP | 6 | 30 | 17 |
| Investments | 0 | 0 | 0 |
| Other Assets | 51 | 53 | 208 |
| Total Assets | 267 | 353 | 514 |
By the end of 2025, the Websol Energy share price is expected to be around ₹1700 in normal conditions. In a bear market, it might be ₹1250, and in a bull market, it may go up to ₹2100.
| Websol Energy Share Price Target 2025 | Rupees (₹) |
|---|---|
| Bear Market | 1250 |
| Normal Market | 1700 |
| Bull Market | 2100 |
In 2026, the Websol Energy share price is expected to be around ₹2050 in a normal situation. In a bear market, it might be ₹1350, and in a bull market, it may cross ₹2750.
| Websol Energy Share Price Target 2026 | Rupees (₹) |
|---|---|
| Bear Market | 1350 |
| Normal Market | 2050 |
| Bull Market | 2750 |
According to our analysis, the Websol Energy share price is expected to be around ₹2450 in 2027. In a bear market, it might be ₹1500, and in a bull market, it may cross ₹3600.
| Websol Energy Share Price Target 2027 | Rupees (₹) |
|---|---|
| Bear Market | 1500 |
| Normal Market | 2450 |
| Bull Market | 3600 |
According to our analysis, the Websol Energy share price may trade near ₹2950 by 2028; bearish conditions could pull it down to ₹1650, while a strong bull run might lift it to ₹4650.
| Websol Energy Share Price Target 2028 | Rupees (₹) |
|---|---|
| Bear Market | 1650 |
| Normal Market | 2950 |
| Bull Market | 4650 |
Under normal conditions, the Websol Energy share price might hit ₹3550 by 2029. A bearish trend could lower it to ₹1800, whereas a bullish surge could raise it to ₹6050.
| Websol Energy Share Price Target 2029 | Rupees (₹) |
|---|---|
| Bear Market | 1800 |
| Normal Market | 3550 |
| Bull Market | 6050 |
In a normal situation, the Websol Energy share price is projected to be approximately ₹4250 in 2030. In a bear market, the value may be as low as ₹2000, while in a bull market, it may rise to ₹7900.
| Websol Energy Share Price Target 2030 | Rupees (₹) |
|---|---|
| Bear Market | 2000 |
| Normal Market | 4250 |
| Bull Market | 7900 |
By 2035, the Websol Energy share price is projected to be around ₹8500 under normal conditions. In adverse markets, the price could fall to ₹3000, while favorable conditions might push it up to ₹23,700.
| Websol Energy Share Price Target 2035 | Rupees (₹) |
|---|---|
| Bear Market | 3000 |
| Normal Market | 8500 |
| Bull Market | 23,700 |
Under normal conditions, the Websol Energy share price might hit ₹17,000 by 2040. A bearish trend could lower it to ₹4500, whereas a bullish surge could raise it to ₹71,000.
| Websol Energy Share Price Target 2040 | Rupees (₹) |
|---|---|
| Bear Market | 4500 |
| Normal Market | 17,000 |
| Bull Market | 71,000 |
In 2050, the Websol Energy share price is expected to be around ₹65,000 in a normal situation. In a bear market, it might be ₹13,500, and in a bull market, it may go up to ₹4,00,000.
| Websol Energy Share Price Target 2050 | Rupees (₹) |
|---|---|
| Bear Market | 13,500 |
| Normal Market | 65,000 |
| Bull Market | 4,00,000 |
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
Also Read: India Power Corporation Share Price Target 2025 to 2050
