Websol Energy Systems share price
Shares of Websol Energy Systems were locked at the 5 per cent upper circuit at ₹122.31 on the BSE in Tuesday’s intra-day trade in an otherwise weak market.
Till 01:40 PM; a combined 6.69 million shares changed hands and there were pending buy orders for 2.19 million shares on the NSE and BSE. In comparison, the BSE Sensex was down 0.57 per cent at 76,866.
In the past one month, the stock price of Websol Energy Systems has rallied 88 per cent. It has more than doubled or zoomed 143 per cent from its previous month low of ₹50.39 touched on March 9, 2026. The stock had hit a record high of ₹189.11 on January 8, 2025.
Websol Energy Systems is one of the leading manufacturers of high-efficiency solar cells and solar modules in India.
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What’s driving Websol Energy Systems?
The solar energy pioneer reported 158 per cent year-on-year (YoY) jump in a profit after tax (PAT) of ₹125 crore for March 2026 quarter (Q4FY26) as compared to ₹48 crore in Q4FY25. Revenue for the quarter more than doubled to ₹401 crore, as against ₹173 crore during the same quarter of last fiscal. EBITDA margin for Q4FY26 stood at 36.4 per cent. The company maintains a strong order book of ₹1,161 crore as of March 31, 2026.
Meanwhile, the company has initiated the upgrade of one Mono PERC cell line to Topcon. Post commissioning of this capacity, overall cell capacity will increase to 1.35 GW.
The commissioning of Cell Line-2 has not only enhanced the company’s capacity but also reinforced the core strength of the business. Additionally, the company is upgrading one of its existing Mono PERC cell lines to Topcon technology.
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Outlook
India’s solar manufacturing sector continues to benefit from strong structural tailwinds, including ambitious renewable capacity targets, supportive government policies such as PLI and ALMM, and increasing domestic demand for high-efficiency solar products.
With a strengthened manufacturing base, improving utilization levels, and a clear roadmap for expansion and integration, Websol is well positioned to capitalize on these opportunities, the management said.
The company supplies solar cells primarily within India, supporting module manufacturers to comply with Domestic Content Requirement norms, while its modules are marketed both in India and internationally. Its fully modernized manufacturing facility, located at Falta Special Economic Zone in West Bengal, operates with a current solar cell capacity of 1,200 MW and module capacity of 550 MW. The facility is designed to process wafers up to 210 mm, offering higher energy output and optimized land use for rooftop installations.
The solar cell and module sector is poised for sustained, multi-decade growth due to an unprecedented convergence of policy support, economic competitiveness, technological advancement, climate urgency, and national energy security goals. This industry is no longer just a green alternative. It is becoming the backbone of the global energy economy. Its long-term momentum is driven by consistent policy alignment, superior economics, and its growing relevance across multiple sectors including electricity, transport, hydrogen, telecom, and construction, Websol said in its FY25 annual report.
The government’s commitment to achieving net-zero emissions by 2070 and securing 50 per cent of electricity from renewables by 2030 sets a clear roadmap for sectoral development. With the total installed renewable energy capacity rising to 220.10 GW as of FY 2024–25, up from 198.75 GW a year earlier, India continues to make consistent strides toward its 500 GW non-fossil fuel target by 2030, it added.