Synopsis:
Websol Energy System Limited plans to expand its capacity by 4 GW for solar cells and 4 GW for solar modules with an investment of ₹3,000 crores, and the Board has also approved a 1:10 stock split.
The shares of the Solar energy company, specializing in the manufacturing of high-efficiency solar photovoltaic (PV) cells and modules, jumped by upto 5 percent following the Expansion plans and approval of the Stock Split in the ratio (1:10).
With a market capitalization of Rs. 5,692.58 Crores on Tuesday, the shares of Websol Energy System Ltd rose by 5.3 percent after making a high of Rs. 1414.70 compared to its previous closing price of Rs. 1343.05.
What happened
Websol Energy System Ltd, engaged in the manufacturing of high-efficiency solar photovoltaic (PV) cells and modules, has approved a phased expansion plan to increase its manufacturing capacity by 4 GW for solar cells and 4 GW for solar modules.
This expansion will be executed in two phases and is expected to require an investment of approximately Rs. 3,000 crores. Currently, the company operates a 600 MW solar cell line and a 550 MW solar module line at its Falta facility in West Bengal. A new 600 MW solar cell line (Phase II) will be operational by October 2025, increasing total solar cell capacity to 1.2 GW.
The additional expansion includes Phase III (2 GW solar cell and 2 GW solar module line by June 2027) and Phase IV (another 2 GW solar cell and 2 GW solar module line by June 2028), financed through internal accruals and financial institution lending.
Additionally, the Board of Directors of Websol Energy has also approved a stock split in a 1:10 ratio, subject to shareholder approval at the Annual General Meeting (AGM) scheduled for 29th September 2025. This move is aimed at increasing liquidity and making the stock more affordable for investors.
Mr. Sohan Lal Agarwal, Managing Director of Websol Energy, stated that “The company’s expansion plan marks a significant milestone in its growth. With Phases III and IV, Websol’s solar cell and module capacities will reach 5.2 GW and 4.5 GW by 2028, contributing to India’s 280 GW solar power target by 2030. This expansion strengthens Websol’s position in clean energy, focusing on high-efficiency solar products and sustainable growth”.
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Financials & Others
The company’s revenue rose by 96 percent from Rs. 112 crore to Rs. 219 crore in Q1FY25-26. Meanwhile, the Net profit rose from Rs. 23 crore to Rs. 67 crore during the same period.
The company has achieved impressive profit growth with a 68.6% CAGR over the last 5 years. It has strong financials, with a ROCE of 59.2% and ROE of 80.2%. The debt-to-equity ratio stands at 0.55, reflecting solid capital management. Additionally, the company’s stock P/E is 29.5, which is lower than the industry average of 39.0, indicating growth potential.
Websol Energy System Limited is a leading Indian manufacturer of solar photovoltaic (PV) cells and modules, established in 1994 and headquartered in Kolkata, West Bengal. The company operates a fully automated production facility in the Falta SEZ and specializes in advanced Mono PERC and bifacial solar cells featuring conversion efficiencies.
Its products serve a wide range of applications, including residential rooftops, commercial and industrial installations, institutional use, and utility-scale power plants. The company is committed to quality. Driven by its mission to advance clean energy, Websol continues to innovate in technology and expand its manufacturing capabilities, supporting both domestic and international solar projects.
Written by Sridhar J
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