Synopsis: Small cap company’s shares gained attention after its board approved record date for split issue in the ratio of 1:10.
A small-cap company that is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India came into the spotlight after announcing that its board has approved a record date for a split issue in the ratio of 1:10.
With Market Capitalization of Rs. 5,069.83 crore, Websol Energy System Limited is trading at 1,201.30, down by 4.64 percent from its previous closing price of Rs. 1,259.70 per equity share. The stock reached a high of Rs. 1,216.60 in today’s trading session.
What’s the News?
Websol Energy System Limited has announced that the board has approved the record date as November 14, 2025 for the proposal of share split in a 1:10 ratio. Upon shareholder approval, each equity share with a face value Rs. 10 will be divided into 10 shares of Rs. 1 each. If you own 100 shares after the split you will be owing 1,000 shares.
Q2FY26 Results
Websol Energy System Limited reported Rs. 168 crore in revenue for the second quarter of FY26, a 16.67 percent increase over the Rs. 144 crore for the same period in FY25. It decreased by 23.29 percent as compared to Rs. 219 crore in Q1 FY26.
The company’s EBITDA for Q2 FY26 stood at Rs. 72 crore, down by 30.1 percent from Rs. 103 crore in Q1 FY26, but rose by 14.3 percent from Rs. 63 crore in Q2 FY25.
The consolidated net profit for the second quarter of FY26 was Rs. 46 crore, which was 31.34 percent lower than the Rs. 67 crore reported in the previous quarter and increased by 9.52 percent from Rs. 42 crore in Q2 FY25. Profit growth was also reflected in earnings per share (EPS), which increased to approximately Rs. 10.67 in Q2 FY26 from Rs. 9.67 in Q2 FY25.
Other Q2 Highlights
The company reported strong financial performance with cash flow from operations of Rs. 132 crore and a healthy cash conversion ratio of 75.2 percent. Total debt stood at Rs. 146.3 crore, with cash and equivalents of Rs. 53.8 crore, resulting in net debt of Rs. 92.5 crore. Leverage ratios remained comfortable, with net debt-to-equity at 0.24x and net debt-to-EBITDA at 0.53x, while returns were robust with ROCE at 34.5 percent and ROE at 33.9 percent.
On the operational front, the company commenced production of an additional 600 MW Mono PERC solar cell line at its Falta, West Bengal facility, expanding total cell capacity to 1,200 MW. It also announced major capacity expansion plans including a 4 GW Topcon solar cell line and a 4 GW solar module line, to be implemented in two phases, Phase III of 2 GW by June 2027 and Phase IV of 2 GW by June 2028, indicating strong growth momentum ahead.
About the Company
Websol Energy System Limited is among India’s pioneering solar photovoltaic manufacturers, specializing in high-efficiency Mono PERC solar cells and modules. Operating a modern facility in the Falta SEZ, West Bengal, with a capacity of 1,200 MW for cells and 550 MW for modules, the company serves both domestic and international markets. Its integrated in-house production enhances efficiency and flexibility, while strong client partnerships and supportive government policies reinforce its strategic position in the solar industry.
Written By Akshay Sanghavi
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