ALFA Finder
| Planned Capacity | 4 GWCell & Module |
|---|---|
| Market Cap | ₹3,209.77 CrMid-range Performer |
| Revenue Growth | 83.45%Annual YoY |
| PE TTM | 10.23xIndustry 38.22x |
Key highlights
- Allotment of 54.20 acres of land in Falta Industrial Park, West Bengal
- Planned capacity of 4 GW for solar cells and 4 GW for solar modules
- Project execution structured in two phases of 2 GW each
- Strategic location choice leveraging existing skilled manpower and supplier relationships
- Aims to create a large integrated manufacturing base in eastern India
Details of the Greenfield Expansion
The Government of West Bengal has allotted a 54.20-acre land parcel to Websol Energy System Ltd at Falta Industrial Park near Kolkata. This site is designated for the company's proposed greenfield solar manufacturing facility, which is planned to house 4 GW of solar cell and 4 GW of solar module manufacturing capacity. The development is scheduled to occur in two distinct phases of 2 GW each.
By selecting a location near its existing operations in the Falta Special Economic Zone, the company intends to capitalize on its established supplier base and deep familiarity with the local industrial ecosystem to accelerate project execution.
Strategic Rationale and Market Position
- Expansion allows the company to scale operations while utilizing an existing base of skilled manpower in West Bengal
- Integrated production model for both cells and modules enhances supply chain control and flexibility
- The facility supports India's growing renewable energy requirements and domestic content norms
- Websol remains the only ALMM-approved solar cell manufacturer based in eastern India
- Project aligns with 2028 targets focusing on moving from land allotment to full commissioning and utilization
Executive Perspective on Execution
The real focus now is execution — moving from land allotment to construction, commissioning and utilisation. We have always believed that growth should be measured not just by installed capacity, but by how efficiently that capacity translates into production, delivery and revenue.
Financial Performance and Company Profile
Founded in 1990, Websol Energy System Ltd specializes in high-efficiency solar cells and modules using Mono PERC technology. The company currently operates a solar cell capacity of 1,200 MW and a module capacity of 550 MW. Financially, the company has demonstrated significant growth, with annual operating revenue reaching ₹1,049.44 crore, up 83.45% year-on-year.
Net profit for the same period rose by 95.81% to ₹303 crore. The company maintains a high Return on Equity of 48.04% and a TTM Price-to-Earnings ratio of 10.23x, compared to the broader industry average of 38.22x.
“When Websol entered solar manufacturing in the mid-1990s, the industry in India was still at a very early stage. Today, solar is becoming an increasingly important part of the country’s energy infrastructure, and the need for strong domestic manufacturing has never been clearer.”
“For us, this land allotment represents the next phase of a journey that began more than three decades ago in West Bengal. It allows us to build at a significantly larger scale while remaining close to an ecosystem, workforce and operating base we know well.”
| Share price | ₹73.93 |
|---|---|
| Market capitalisation | ₹3,209.77 Cr |
| Revenue (annual) | ₹1,049.44 Cr |
| Net profit (annual) | ₹303.00 Cr |
| Revenue (latest quarter) | ₹372.60 Cr-7.19% vs previous quarter |
| Net profit (latest quarter) | ₹77.79 Cr-37.52% vs previous quarter |
| P/E (TTM) | 10.23×Sector 45.73× |
| Promoter holding | 29.72%0.00% QoQ |
| FII holding | 3.74%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Websol Energy System Ltd announcing the allotment of land by the Government of West Bengal for a new solar manufacturing facility. Market figures from a third-party data provider.
