Turnaround Net Profit & FIIs Bought 7,54,062 Shares: Multibagger Solar Stock Hit Upper Circuit on May 16
The stock gave multibagger returns of 180 per cent from its 52-week low and a whopping 9,860 per cent in 5 years.
On Friday, shares of Websol Energy System Ltd hit a 5 per cent upper circuit to Rs 1,476.25 per share from its previous closing of Rs 1,406.65 per share. The stock’s 52-week high of Rs 1,891.10 per share and its 52-week low is Rs 527.55 per share. The shares of the company saw a spurt in volume by more than 1.12 times on the BSE.
Established in 1994, Websol Energy System Limited stands as a prominent Indian manufacturer specializing in high-efficiency photovoltaic crystalline solar cells and modules for commercial and industrial applications, demonstrating a commitment to product innovation through its transition to advanced monocrystalline silicon PV cells with PERC technology while maintaining international quality standards and expanding its presence in both global and domestic sustainable energy markets.
According to Quarterly Results, the net sales increased by 592 per cent to Rs 173 crore in Q4FY25 compared to Q4FY24. The company reported a net profit of Rs 48.3 crore in Q4FY25 compared to a net loss of Rs 58.6 crore in Q4FY24, an increase of 182 per cent. In its annual results, the net sales increased by 2,122 per cent to Rs 575.5 crore in FY25 compared to FY24. The company reported a net profit of Rs 154.7 crore in FY25 compared to a net loss of Rs 121 crore in FY24, an increase of 228 per cent.
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Websol Energy System Ltd. is expanding its manufacturing capabilities with the approved installation of an additional 600 MW Mono PERC Bifacial Solar Cell line, anticipated to begin production in Q1FY26. The company has also secured substantial Solar Module orders valued at Rs 62.3 crore, slated for shipment to the United States, the United Kingdom, Africa and India. Further solidifying its market position, Websol Energy has entered into a 100 MW Solar Cell purchase agreement with Luminous Power Technologies and a 250 MW Solar Module master supply agreement with C.R.I Pumps.
In March 2025, FIIs bought 7,54,062 shares and increased their stake to 4.24 per cent compared to December 2024. The company has a market cap of Rs 6,234 crore. The stock gave multibagger returns of 180 per cent from its 52-week low and a whopping 9,860 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.