What does Webfil Ltd do?

Webfil Ltd is a West Bengal state government company incorporated in 1979 that originally manufactured Tungsten Filaments for GLS/incandescent lamps and Cathodes for Fluorescent and Compact Fluorescent (CFL) lamps. The company has since transformed its product mix as the incandescent lamp market declined with LED adoption, pivoting to other electrical components and specialty manufacturing.

Webfil Ltd is a State Government Company (SGC) of West Bengal, as indicated by its CIN classification (L36900WB1979SGC032046). The Government of West Bengal holds a majority stake in the company through its state industrial holdings.

Why is Webfil Ltd unlisted despite being a public limited company?

Webfil Ltd is classified as a Public Limited company (as indicated by its CIN) but is currently traded in the unlisted/grey market at approximately ₹130 per share. State government companies in India are not always listed on stock exchanges, and Webfil appears to fall in this category where shares trade informally.

What is the outlook for Webfil's core business?

Webfil's original business of tungsten filaments for incandescent bulbs faces long-term structural decline as LED technology has made GLS and CFL lamps largely obsolete. The company's ability to sustain revenue depends on its transformation into new electrical components or adjacent product segments.

How do I buy Webfil Limited unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Webfil Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Webfil Limited shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Webfil Limited Unlisted Share Price | Buy Webfil Limited Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Webfil Limited Unlisted Share Price | Buy Webfil Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Webfil Ltd is a legacy West Bengal state government manufacturer facing existential challenges as its core tungsten filament business declines with LED adoption. With a 45+ year operating history, the company has demonstrated some adaptability, but the structural headwinds from lighting technology shifts remain severe. The unlisted status and low share price reflect limited market enthusiasm for the company's transformation story.

Pros

Government of West Bengal enterprise providing stability of ownership and access to state support mechanisms
Long operating history since 1979 (over 45 years) with established manufacturing capabilities in specialty electrical components
Successful business transformation from tungsten filament/cathode manufacturing to newer electrical component products, demonstrating adaptability
Located in West Bengal with access to skilled manufacturing labor and established industrial infrastructure

Cons

Government-owned company (SGC in CIN indicates State Government Company) with potential for bureaucratic decision-making affecting agility and competitiveness
Legacy business in tungsten filaments for incandescent lamps is declining as LED technology has displaced GLS and CFL lamps globally
Very low share price at ₹130, suggesting market concerns about the company's growth trajectory or profitability
Limited public financial disclosure as an unlisted entity, with IndiaMart listing as primary web presence indicating limited corporate communications

Business Segments

Tungsten Filaments & Cathodes (Legacy)

Original business of manufacturing tungsten filaments for GLS lamps and cathodes for fluorescent and compact fluorescent lamps; declining segment due to LED displacement

Electrical Components (Transformed)

Newer electrical components and specialty manufacturing products the company has pivoted to following decline of the legacy lamp business

Revenue Model

Manufacturing and sale of specialty electrical components including historically tungsten filaments and cathodes, with revenue from industrial and OEM customers in the electrical and lighting sectors.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

Government of West Bengal support for state enterprises through orders or capital infusion

Potential pivot to components for LED lighting or electrical equipment

Make in India manufacturing incentives for electrical components

Industry Tailwinds

Government of West Bengal support for state enterprises through orders or capital infusion

Recent Developments

AGM held; Active compliance status maintained

Webfil held its Annual General Meeting in September 2024, maintaining regulatory compliance under MCA.

2024-09

EBITDA grows 5.54% YoY; net worth increases 17.3%

The company's FY2024 financial results show modest but positive improvement in operating profitability and book net worth, indicating gradual financial stabilisation.

2024

Comparable Companies

CompanyTypeTickerMkt Cap

Bajaj ElectricalsPE: ~40xxListedBAJAJELEC~5000 Cr

HPL Electric & PowerPE: ~20xxListedHPL~800 Cr

Bajaj ElectricalsListed

BAJAJELEC · ~5000 Cr

PE: ~40xx

HPL Electric & PowerListed

HPL · ~800 Cr

Frequently Asked Questions

About Webfil Limited

Webfil Limited is a West Bengal-based state government company incorporated on May 31, 1979. It is a joint venture between WBIDC (West Bengal Industrial Development Corporation), a Government of West Bengal undertaking, and the Group Companies of Andrew Yule & Co. Ltd., a Government of India Enterprise. The company is registered at Yule House, 8 Dr. Rajendra Prasad Sarani, Kolkata — one of Kolkata's iconic colonial-era commercial addresses. Webfil operates in the niche segment of specialty electrical and telecommunications components, manufacturing products that serve industries including lighting, railways, defence, and telecommunications. The company's manufacturing portfolio includes coiled coil filaments, cathodes, anchor wire, tungsten wire, and digital voice and data multiplexers — highly specialised products that require precision engineering and consistent quality standards. The company's tungsten wire and filament products are critical components in the manufacturing of incandescent and other lamp types, and have historically been supplied to lamp manufacturers, industrial lighting companies, and related OEMs. On the telecom side, Webfil's digital voice and data multiplexers have been deployed in railway and defence communication systems, making the company a strategic supplier to critical national infrastructure sectors. Given its government ownership structure — jointly held by a state government development corporation and a central government enterprise — Webfil enjoys a relatively stable customer base in the public sector and benefits from preferential procurement in government tenders. This structure also means the company is not primarily profit-maximisation driven, but rather focused on maintaining production capabilities and employment in the organised manufacturing sector in West Bengal. Financially, Webfil recorded revenues in the INR 1 crore to 100 crore range for FY2024, with EBITDA growing 5.54% year-on-year and book net worth increasing 17.3%, indicating steady if modest financial improvement. Earlier data showed FY2023 revenue of approximately ₹43.49 crore and net worth of ₹13.03 crore. The authorised share capital is ₹16 crore with paid-up capital of ₹8.53 crore. The company had 9 directors as of last filing, including Soumen Das and Jayanta Ray, reflecting its governance structure as a government enterprise with representatives from both WBIDC and Andrew Yule group. Its last AGM was held in September 2024, indicating active compliance status.

Key Milestones

Common questions about unlisted shares

How do I buy Webfil Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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