BSE:517498

Stock Analysis Report

Executive Summary

Websol Energy System Limited manufactures and sells photovoltaic (PV) crystalline solar cells and modules in India.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Risks

  • Websol Energy System has significant price volatility in the past 3 months.
  • Websol Energy System is not covered by any analysts.

Share Price & News

How has Websol Energy System's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

6.5%

BSE:517498

0.06%

IN Semiconductor

-0.7%

IN Market


1 Year Return

-49.8%

BSE:517498

-36.9%

IN Semiconductor

-12.1%

IN Market

517498 underperformed the Semiconductor industry which returned -36.9% over the past year.

517498 underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

517498IndustryMarket
7 Day6.5%0.06%-0.7%
30 Day-9.7%-9.8%-4.6%
90 Day-7.6%-6.6%-4.3%
1 Year-49.8%-49.8%-36.9%-36.9%-10.3%-12.1%
3 Year-46.4%-46.4%-28.6%-28.6%18.9%12.8%
5 Year4.4%4.4%-35.5%-36.8%37.6%24.7%

Price Volatility Vs. Market

How volatile is Websol Energy System's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Websol Energy System undervalued based on future cash flows and its price relative to the stock market?

0.71x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Websol Energy System to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Websol Energy System to establish if it is available at substantial discount.


Price Based on Earnings

Websol Energy System is loss making, we can't compare its value to the Asia Semiconductor industry average.

Websol Energy System is loss making, we can't compare the value of its earnings to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Websol Energy System, we can't assess if its growth is good value.


Price Based on Value of Assets

Websol Energy System is good value based on assets compared to the IN Semiconductor industry average.


Next Steps

Future Growth

How is Websol Energy System expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.5%

Forecasted Semiconductor industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Websol Energy System has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of 517498’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Websol Energy System competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the semiconductors industry.

Past Performance

How has Websol Energy System performed over the past 5 years?

33.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Websol Energy System does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Websol Energy System's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Websol Energy System's 1-year growth to the Asia Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Websol Energy System has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Websol Energy System has efficiently used its assets last year compared to the Asia Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Websol Energy System improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Websol Energy System's financial position?


Financial Position Analysis

Websol Energy System's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Websol Energy System's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Websol Energy System's level of debt (132.5%) compared to net worth is high (greater than 40%).

Websol Energy System had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.4x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Whilst loss making Websol Energy System has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Websol Energy System has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 189.1% per year.


Next Steps

Dividend

What is Websol Energy System's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Websol Energy System's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Websol Energy System's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Websol Energy System has not reported any payouts.

Unable to verify if Websol Energy System's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Websol Energy System has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Websol Energy System's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average board tenure


CEO

Sohan Agarwal (73yo)

₹6,402,000

Compensation

Mr. Sohan Lal Agarwal has been the Managing Director and Executive Director of Websol Energy Systems Limited since December 1, 2011 and September 25, 1992 respectively and serves as its Chief Executive Dir ...


CEO Compensation Analysis

Sohan's remuneration is higher than average for companies of similar size in India.

Sohan's compensation has increased whilst company is loss making.


Board Age and Tenure

4.0yrs

Average Tenure

36yo

Average Age

The tenure for the Websol Energy System board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy₹628,66116 Jan 19
Sohan Agarwal
EntityIndividual
Role
Chairman
Chairman of the Board
Shares25,000
Max Price₹25.15
Buy₹569,92329 Nov 18
Sohan Agarwal
EntityIndividual
Role
Chairman
Chairman of the Board
Shares20,000
Max Price₹28.50
Buy₹298,63627 Nov 18
Sohan Agarwal
EntityIndividual
Role
Chairman
Chairman of the Board
Shares10,000
Max Price₹29.86
Buy₹396,89220 Oct 18
Sohan Agarwal
EntityIndividual
Role
Chairman
Chairman of the Board
Shares10,000
Max Price₹39.69
Buy₹2,515,17621 Aug 18
Sohan Agarwal
EntityIndividual
Role
Chairman
Chairman of the Board
Shares60,000
Max Price₹42.45
Buy₹2,508,74121 Aug 18
Sohan Agarwal
EntityIndividual
Role
Chairman
Chairman of the Board
Shares60,000
Max Price₹41.81

Ownership Breakdown


Management Team

  • Sreeram Vasanthi (50yo)

    Technical & Marketing Director

    • Tenure: 7.7yrs
    • Compensation: 389.00k
  • Sohan Agarwal (73yo)

    Chairman

    • Compensation: 6.40m
  • Sima Jhunjhunwala (36yo)

    CFO & Whole Time Director

    • Tenure: 3.8yrs
    • Compensation: 1.83m
  • Ambarish Bangur (37yo)

    Head of Marketing and Business Development

  • Soumak Mallick (40yo)

    Head of Procurement


Board Members

  • Sohan Agarwal (73yo)

    Chairman

    • Compensation: 6.40m
  • Dharrmendra Sethia (47yo)

    Independent & Non-Executive Director

    • Tenure: 5.0yrs
    • Compensation: 162.00k
  • Prateek Kaushik (33yo)

    Independent & Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: 162.00k
  • Sima Jhunjhunwala (36yo)

    CFO & Whole Time Director

    • Tenure: 4.0yrs
    • Compensation: 1.83m
  • Ashish Ojha (31yo)

    Independent Director

    • Tenure: 0.8yrs
  • Ritesh Ojha

    Independent Director

    • Tenure: 0.8yrs

Company Information

Websol Energy System Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Websol Energy System Limited
  • Ticker: 517498
  • Exchange: BSE
  • Founded: 1990
  • Industry: semiconductors
  • Sector: semiconductors
  • Market Cap: ₹618.277m
  • Shares outstanding: 29.03m
  • Website: Click here

Number of Employees


Location

  • Websol Energy System Limited
  • Falta Special Economic Zone
  • Sector-II
  • Falta
  • West Bengal
  • 743504
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
517498BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2005
WEBELSOLARNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2005

Biography

Websol Energy System Limited manufactures and sells photovoltaic (PV) crystalline solar cells and modules in India. Its modules are used across sectors, such as solar PV power plants, remote communication, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 12:32
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.