अApnaFunda

WEBSOL ENERGY SYSTEM LIMITED (WEBELSOLAR)

Electronic Technology · Semiconductors · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.86 / 100
Profitability 98Balance sheet 74
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.19 / 100
Price 8FII/DII 30

Passes these screensQuality CompounderValue PickDebt-light & profitable

Share price

Closing priceAdjusted for splits and bonus issues.

₹72.03 latest close · −32.6% over the last 90 sessions

₹60₹80₹100Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹60₹80₹100Jul 3Sep 4Nov 9

₹72.03 month-end · −29.4% over 12 months

₹60₹80₹100Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹60₹80₹100Nov '25May '26Nov '26

₹72.03 month-end · −44.8% since Jun '25

₹50₹75₹100₹125Jun '25Sep '25Jan '26Apr '26Aug '26Nov '26 ₹50₹75₹100₹125Jun '25Mar '26Nov '26

52-week range ₹50.40 to ₹137.90 · 1-year volatility 58.4%

Was the rally earned?

-29%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 58 points, but investors now pay less per rupee of profit (P/E 27.8x to 9.9x), which took 87 points back.
  • The share count rose 3%.
Net profit growth: +60 pts. Points of the price return explained by net profit growing (or shrinking).+60 ptsNet profit growthP/E change: −87 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−87 ptsP/E changeShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2 ptsShare count changeShare price: −29%−29%Share priceNet profit growth: +60 pts. Points of the price return explained by net profit growing (or shrinking).+60ProfitP/E change: −87 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−87P/EShare count change: −2 pts. Points of the price return explained by the share count changing. More shares count against the price.−2SharesShare price: −29%−29%Share price
Net profit growth+60 ptsNet profit rose about 104%, which lifts the price.
P/E change-87 ptsThe P/E fell from 27.8x to 9.9x, which lowers the price.
Share count change-2 ptsShare count rose 3%, which lowers the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with WAAREE ENERGIES

How rough has the ride been?

Maximum drawdown-71.8%not yet recovered
1-year volatility58.4%annualised
Beta vs sector index0.713-year daily, correlation 0.32
Volume spikes0last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%2020202120222023202420252026−71.3% 0%−20%−40%−60%2020202220242026−71.3%
Largest drawdowns

-71.8% (2025-01 peak to 2026-03 low, not yet recovered)

-65.7% (2019-06 peak to 2020-03 low, recovered 2020-12)

-61.0% (2022-01 peak to 2023-03 low, recovered 2023-10)

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Electronic Technology peers?

Each cell is the company's percentile rank among its Electronic Technology peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE100th
  • Op. margin96th
  • Revenue growth97th
  • EPS growth83rd
  • Debt/equity ↓58th▲ 33 pts vs a year ago
  • Cash cycle ↓64th▼ 21 pts vs a year ago
  • P/E ↓96th▲ 16 pts vs a year ago
  • 12M momentum22nd▼ 17 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Electronic Technology sector page Watch it move against Electronic Technology in the Observatory

What is the price implying?

~7%annual earnings growth implied by the price

At a P/E of 9.9x, the price would imply about 7.2%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Electronic Technology The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹72.03
P/E
9.9x
ROCE
63.0%
Market Cap
₹3128 cr
Revenue (TTM)
₹1203 cr
P/S
2.6x
P/B
5.0x
ROE
50.3%
Operating Margin
34.0%
Debt / Equity
0.2x
Promoter Holding
29.7%
12M Momentum
-29.4%

52-week range

₹50.40₹137.90
25% of the way from its 52-week low to its high

Price risk

1Y volatility
58.4%
Beta vs sector
1-year daily
1.12

Balance sheet & cash

Interest cover
operating profit ÷ interest
22.8x
Share count, 1Y
+2.4%

Are profits backed by cash?

2 of 2checks within rangeAll clear
Other income reliance3%Within range

Other income as a share of pre-tax profit (trailing twelve months): 2.7%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate23%Within range

Median quarterly effective tax rate over about 2.5 years: 23.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow—Not enough data

Not enough reported data to compute this.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress—Not enough data

Not enough reported data to compute this.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, FIIs added 3.0 pts; promoters added 2.0 pts.
  • The number of shareholders rose from 61,032 to 1.6 lakh (+170%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters27.7%29.7%+2.0 pts
FIIs0.8%3.7%+3.0 pts
DIIs0.3%0.4%+0.2 pts
Public and others71.3%66.1%-5.1 pts

Number of shareholders

1.6 lakhshareholders+170% since Dec '23
61k96k1.3L1.6L Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 61,032
Mar '24: 86,164
Jun '24: 1.0 lakh
Sep '24: 1.1 lakh
Dec '24: 1.2 lakh
Mar '25: 1.3 lakh
Jun '25: 1.3 lakh
Sep '25: 1.3 lakh
Dec '25: 1.4 lakh
Mar '26: 1.4 lakh
Jun '26: 1.6 lakh
61k96k1.3L1.6L Dec '23Dec '24Dec '25Jun '26
Dec '23: 61,032
Mar '24: 86,164
Jun '24: 1.0 lakh
Sep '24: 1.1 lakh
Dec '24: 1.2 lakh
Mar '25: 1.3 lakh
Jun '25: 1.3 lakh
Sep '25: 1.3 lakh
Dec '25: 1.4 lakh
Mar '26: 1.4 lakh
Jun '26: 1.6 lakh

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−10.1%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like WEBSOL ENERGY SYSTEM LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −31% to +21% vs the market, against −5% for all non-financial companies in the same months.
  • The gap against the base rate (−5.2%, 80% range −10.0% to +1.9%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
OWAIS · Jun 2025: −80.2% vs market
NURECA · Apr 2022: −73.9% vs market
DREAMFOLKS · Mar 2024: −57.0% vs market
APTECHT · Mar 2024: −51.3% vs market
WINSOL · Aug 2025: −48.8% vs market
RBMINFRA · Jun 2025: −43.0% vs market
AARTIDRUGS · Jul 2021: −41.7% vs market
IGPL · Jul 2022: −40.5% vs market
LUXIND · Apr 2022: −40.3% vs market
MOLDTECH · Jan 2024: −40.0% vs market
RUPA · May 2022: −35.8% vs market
MARKSANS · Sep 2021: −32.7% vs market
FOCUS · Jun 2024: −31.2% vs market
BLS · Oct 2025: −29.7% vs market
KRISHCA · Apr 2025: −21.2% vs market
DRCSYSTEMS · May 2025: −21.2% vs market
SJLOGISTIC · Sep 2025: −20.0% vs market
DOLATALGO · Sep 2021: −18.3% vs market
VISHNUINFR · Jul 2025: −16.5% vs market
ACCELYA · Oct 2023: −16.5% vs market
TIRUMALCHM · Sep 2022: −13.5% vs market
KOPRAN · Oct 2021: −11.6% vs market
GRAPHITE · Jan 2020: −11.4% vs market
EXCELINDUS · Feb 2020: −10.5% vs market
EKC · Aug 2022: −10.4% vs market
ANGELONE · Sep 2024: −9.8% vs market
POKARNA · Sep 2025: −8.8% vs market
ARIHANTCAP · May 2025: −6.1% vs market
GLOBUSSPR · Sep 2023: −3.2% vs market
BALAXI · Aug 2021: −0.6% vs market
BASILIC · Nov 2024: −0.6% vs market
SYSTANGO · May 2024: +3.6% vs market
INNOVANA · Jul 2024: +8.0% vs market
ARROWGREEN · Aug 2025: +9.5% vs market
SAHANA · Oct 2025: +11.7% vs market
VINSYS · Aug 2024: +14.2% vs market
STEELCAS · Dec 2023: +18.8% vs market
CIGNITITEC · Feb 2021: +21.0% vs market
CAPLIPOINT · Mar 2021: +36.1% vs market
RHIM · Jan 2021: +48.0% vs market
SANGHVIMOV · Jun 2025: +56.5% vs market
STLTECH · Apr 2020: +61.1% vs market
INDOTECH · Oct 2025: +70.6% vs market
HEG · Apr 2020: +79.8% vs market
SEAMECLTD · Nov 2020: +80.3% vs market
MONARCH · Apr 2023: +85.0% vs market
ROSSELLIND · Jan 2022: +111.8% vs market
MANINFRA · Nov 2022: +122.8% vs market
ZENTEC · May 2021: +138.3% vs market
REFEX · May 2024: +220.0% vs market
Similar setups −10.1%All companies −4.9%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 4 beyond the range shown, drawn at the edge

Similar setups' median
−10.1%
All companies' median
−4.9%
Beat the market
38% vs 44%

50 past situations · 50 companies · 38 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
DOLATALGO
Finance
Sep 2021 11x64% +74%−29% −18%
ARROWGREEN
Process Industries
Aug 2025 14x53% −29%−45% +10%
MARKSANS
Health Technology
Sep 2021 12x38% +38%−27% −33%
VISHNUINFR
Industrial Services
Jul 2025 15x— −26%−54% −17%
SANGHVIMOV
Industrial Services
Jun 2025 16x— −47%−52% +57%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ZENTEC
Technology Services
May 2021 9x32% +94%−28% +138%
RBMINFRA
Industrial Services
Jun 2025 17x33% −15%−53% −43%
SAHANA
Technology Services
Oct 2025 26x42% −20%−50% +12%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: P/S, interest cover and 12-month momentum. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to WEBSOL ENERGY SYSTEM LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

Finance
51%similar
P/Eoperating margin
Technology Services
45%similar
volatilityoperating margin
Consumer Non-Durables
44%similar
revenueROCE
Producer Manufacturing
43%similar
revenueoperating margin
SANGHVI MOVERSSANGHVIMOV
Industrial Services
43%similar
revenueoperating margin
Electronic Technology
64%similar
promoter holdingROCE
Electronic Technology
15%similar
P/Epromoter holding
ALPEX SOLARALPEXSOLAR
Electronic Technology
11%similar
P/EROCE

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Feb '21

  1. JunPromoterPromoter holding rose 2.0 pts to 29.7%.
  2. JunDebtDebt / equity halved over 12 months to 0.21x.
  3. JunDividendStarted paying a dividend (payout 4% of profit).
  4. MarPriceFell 72% from the Jan 2025 peak to the Mar 2026 low.
  5. MarPriceVolume reached 13.9x its 50-day median on 2026-03-20; price +20.0% that day.
  6. DecPriceVolume reached 36.0x its 50-day median on 2025-12-02; price +6.5% that day.
  7. AugPriceVolume reached 7.1x its 50-day median on 2025-08-12; price -1.7% that day.
  8. JunInstitutionsFII + DII holding rose 3.8 pts over 2 quarters to 4.3%.
Show 22 earlier events
  1. AprPriceVolume reached 5.0x its 50-day median on 2025-04-04; price +1.2% that day.
  2. MarPriceVolume reached 5.1x its 50-day median on 2025-03-21; price +4.3% that day.
  3. NovPriceVolume reached 6.2x its 50-day median on 2024-11-04; price +5.0% that day.
  4. AugPriceRegained the 2024-04 peak, 1 month after the low.
  5. AugPriceVolume reached 7.7x its 50-day median on 2024-08-16; price +3.2% that day.
  6. JulPriceFell 27% from the Apr 2024 peak to the Jul 2024 low.
  7. MarPriceRegained the 2024-02 peak, 0 months after the low.
  8. MarPriceFell 30% from the Feb 2024 peak to the Mar 2024 low.
  9. JanPriceVolume reached 5.5x its 50-day median on 2024-01-25; price +7.2% that day.
  10. OctPriceRegained the 2022-01 peak, 7 months after the low.
  11. OctPriceVolume reached 5.2x its 50-day median on 2023-10-20; price -5.3% that day.
  12. AugPriceVolume reached 19.8x its 50-day median on 2023-08-02; price -1.9% that day.
  13. MarPriceFell 61% from the Jan 2022 peak to the Mar 2023 low.
  14. JanPriceVolume reached 5.6x its 50-day median on 2023-01-06; price +5.1% that day.
  15. SepPriceVolume reached 14.9x its 50-day median on 2022-09-09; price +0.0% that day.
  16. JunPriceVolume reached 6.0x its 50-day median on 2022-06-28; price -1.1% that day.
  17. JanPriceVolume reached 18.9x its 50-day median on 2022-01-06; price -4.1% that day.
  18. DecPriceVolume reached 33.8x its 50-day median on 2021-12-17; price +2.0% that day.
  19. SepPriceVolume reached 13.8x its 50-day median on 2021-09-28; price +9.7% that day.
  20. MayPriceRegained the 2021-01 peak, 3 months after the low.
  21. MayPriceVolume reached 12.8x its 50-day median on 2021-05-26; price +9.4% that day.
  22. FebPriceFell 30% from the Jan 2021 peak to the Feb 2021 low.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history18 months · 2025-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-119.9x₹1203 cr50.3%63.0%0.2x
2026-109.0x₹1203 cr49.7%63.0%0.2x
2026-099.7x₹1203 cr49.7%63.0%0.2x
2026-0810.8x₹1049 cr47.9%63.0%0.2x
2026-0713.6x₹1049 cr47.9%63.0%0.2x
2026-0614.3x₹1049 cr47.9%63.0%0.2x
2026-0520.3x₹821 cr81.3%—0.6x
2026-0420.6x₹821 cr81.3%—0.6x
2026-0312.1x₹821 cr81.3%—0.6x
2026-0211.5x₹707 cr73.0%—0.6x
2026-0116.9x₹707 cr73.0%—0.6x
2025-1218.7x₹707 cr73.0%—0.6x
2025-1127.8x₹521 cr55.8%—0.6x
2025-1033.2x₹521 cr55.8%—0.6x
2025-0933.7x₹521 cr55.8%—0.6x
2025-0836.2x₹521 cr55.8%—0.6x
2025-0736.4x₹521 cr55.8%—0.6x
2025-0635.6x₹521 cr55.8%—0.6x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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