U

Ujaas Energy Ltd

UEL NSE

Key Fundamentals

MicrocapPower GenerationPower
Market Cap
₹7,047 Cr
Volatility
Moderate
P/E Ratio
754.86
EBITDA
₹43.60 Cr
Return on Equity
7.89%
Debt to Equity
0.27
Book Value
₹6.65
52W High
₹284.2
52W Low
₹92.32

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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50 extracted metrics + investor summaries across FY11–FY26.

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Technical Indicators

Key Insights

Weaknesses

7
  • Stock is trading at 33.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -13.9% over past five years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.10.0 Cr.
  • Company has high debtors of 487 days.
  • Working capital days have increased from 411 days to 630 days

Growth Rate

Revenue Growth
-31.23% ↘
Net Income Growth
-53.42% ↘
Cash Flow Change
-107.28% ↘
ROE
-57.03% ↘
ROCE
-46.96% ↘
EBITDA Margin (Avg.)
-15.56% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk high

Ujaas Energy Ltd trades at a market cap of Rs.4,330 Cr with a PE of 546.9x and PB of 19.75x, reflecting extreme premium valuations despite a TTM sales decline of -38% and profit decline of -68%. The stock has delivered a 3-year CAGR of 378% driven by sentiment rather than fundamental improvement, while operational metrics such as 487-day debtors and 630-day working capital cycle indicate significant stress.

Bull Case 7
  • Stock has delivered a remarkable 3-year CAGR of 378%, indicating strong market momentum and investor interest in the renewable energy theme
  • Compounded profit growth of 29% over 3 years shows the company turned around from losses to profitability in the medium term
  • 5-year compounded profit growth of 16% demonstrates a sustained, albeit modest, earnings recovery trajectory
  • 3-year ROE averaged 20%, suggesting reasonable capital efficiency during that period relative to the longer-term average of 2%
  • The company operates in the solar energy/utilities sector which benefits from India's target of 500 GW renewable capacity by 2030 and supportive government policies
  • 10-year stock CAGR of 24% indicates long-term wealth creation for patient shareholders despite underlying business volatility
  • 1-year stock CAGR of 26% shows continued positive price momentum even in the recent period
Bear Case 8
  • PE ratio of 546.9x is extraordinarily elevated, implying the stock is pricing in massive future growth that current financials do not support
  • TTM sales declined -38% and 5-year compounded sales growth is -14%, showing a persistent revenue shrinkage problem
  • Debtor days stand at 487 days, indicating severe collection issues and potential credit risk in receivables
  • Working capital days have ballooned from 411 to 630 days, signaling acute liquidity stress and inefficient capital deployment
  • Stock trades at 19.75x book value despite last year ROE of just 3%, meaning investors pay a massive premium for very low returns on equity
  • TTM profit declined -68%, showing sharp earnings deterioration in the most recent period
  • Zero dividend yield despite reporting profits suggests either cash flow constraints or aggressive capital retention with uncertain reinvestment returns
  • Other income of Rs.9.38 Cr forms part of earnings, raising concerns about core operating profit quality, and the company may be capitalizing interest costs

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Headwinds 1
  • FY26 net profit drops 64% Jun 22

    Ujaas Energy reported a 64% decline in net profit to INR 316.26 lakh for FY26, with revenue dropping to INR 1,663.85 lakh, signaling significant deterioration in financial performance.

Positives 1
  • ₹1,000 crore borrowing approved Jun 22

    Board approved borrowing up to ₹1,000 Crores, potentially enabling large-scale capacity expansion or project financing for the solar energy company.

Neutral 2
  • Board meeting and AGM planning Jun 16

    Board scheduled a meeting on June 22, 2026 to consider the 27th AGM and approve the Board's Report.

  • Key director reappointments Jun 22

    Board reappointed key directors including Mrs. Geeta Mundra as Chairman, subject to shareholder approval at the upcoming AGM.

TL;DR: Ujaas Energy faces a sharp deterioration in profitability with a 64% drop in FY26 net profit and declining revenues, raising concerns about operational execution. The board's approval of ₹1,000 crore borrowing signals ambition to scale but adds leverage risk given weak earnings. The trend is deteriorating on fundamentals, and investors should watch whether the fresh capital deployment translates into revenue recovery in FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
7.18
6.86
5.84
6.84
6.29
4.7
8.17
7.77
2.65
4.86
3.49
5.64
3.03
Expenses
7.51
7.71
6.57
4.97
5.75
4.86
4.76
7.15
5.89
4.33
4.15
6.19
5.82
Operating Profit
-0.33
-0.85
-0.73
1.87
0.54
-0.16
3.41
0.62
-3.24
0.53
-0.66
-0.55
-2.79
OPM %
-4.6%
-12.39%
-12.5%
27.34%
8.59%
-3.4%
41.74%
7.98%
-122.26%
10.91%
-18.91%
-9.75%
-92.08%
Other Income
0.3
0.31
19.66
-3.77
4.43
1.6
3.71
-2.32
6.56
0.55
1
1.27
7.19
Interest
4.53
4.62
1.3
0.02
0.02
0.11
0.1
0.07
0.05
0
0.02
0.08
0.02
Depreciation
1.79
1.8
1.8
2.14
0.12
0.13
0.13
0.12
0.1
0.14
0.12
0.12
0.12
PBT
-6.35
-6.96
15.83
-4.06
4.83
1.2
6.89
-1.89
3.17
0.94
0.2
0.52
4.26
Tax %
-7.56%
-6.75%
-187.18%
2.22%
21.12%
34.17%
42.96%
-115.87%
21.45%
89.36%
20%
17.31%
23.71%
Net Profit
-5.86
-6.5
45.45
-4.14
3.82
0.8
3.93
0.3
2.49
0.1
0.16
0.42
3.25
EPS in Rs
-0.05
-0.05
0.69
-0.06
0.06
0.01
0.07
0.01
0.07
0
0.01
0.03
0.24
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
111
277
486
334
156
50.88
35.09
44.67
30.16
26.73
26.94
16.64
17.02
Expenses
67.91
213
415
293
136
59.14
55.27
46.86
27.39
26.79
22.52
20.55
20.49
Operating Profit
43.19
63.99
71.49
40.75
20.47
-8.26
-20.18
-2.19
2.77
-0.06
4.42
-3.91
-3.47
OPM %
38.87%
23.09%
14.7%
12.19%
13.12%
-16.23%
-57.51%
-4.9%
9.18%
-0.22%
16.41%
-23.5%
-20.39%
Other Income
2.17
2.35
4.33
3.27
5.77
3.66
1.84
-86.41
1.11
16.52
7.42
9.38
10.01
Interest
18.88
16.95
19.63
17.29
16.78
13.89
16.32
13.9
16.28
10.47
0.31
0.16
0.12
Depreciation
8.08
7.99
8.17
8.22
8.28
7.91
7.54
7.4
7.2
7.53
0.5
0.48
0.5
PBT
18.4
41.4
48.02
18.51
1.18
-26.4
-42.2
-110
-19.6
-1.54
11.03
4.83
5.92
Tax %
36.2%
49.57%
25.18%
8.1%
-461.02%
-49.43%
-27.89%
-0.17%
-7.86%
-1980.52%
19.76%
34.58%
—
Net Profit
11.74
20.89
35.93
17.01
6.61
-13.35
-30.43
-110
-18.06
28.96
8.85
3.16
3.93
EPS in Rs
0.09
0.17
0.29
0.14
0.05
-0.11
-0.24
-0.87
-0.14
0.44
0.16
0.24
0.28
Div. Payout %
8.52%
7.18%
2.78%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
20
20
20
20
20
20
20.03
20.03
20.03
10.53
10.66
13.34
Reserves
153
172
179
195
202
188
158
47.96
29.69
78.61
74.82
75.33
Borrowings
110
104
117
138
141
95.66
111
105
106
18.51
24
24
Other Liabilities
80.16
196
213
197
70.95
44.23
26.89
134
147
2.95
3.24
4.43
Total Liabilities
363
492
529
551
433
348
316
307
303
111
113
117
Fixed Assets
183
176
180
174
165
156
149
141
134
29.45
29.7
29.24
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
2.14
26.28
28.6
2.9
2.54
0
0
0
0
11.26
12.54
13.56
Other Assets
178
289
320
374
266
192
167
166
169
69.89
70.48
74.3
Total Assets
363
492
529
551
433
348
316
307
303
111
113
117
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-6.71
104
-16.33
-34.21
-17.25
42.99
0.93
7.2
-0.47
122
2.78
4.38
Investing
34.72
-76.68
21.96
21.72
25.01
14.68
-1.33
-0.92
-3.68
-0.81
-9.32
-4.02
Financing
-43.52
-24.8
-4.85
3.07
-14.02
-55.29
-1.11
-0.84
-0.68
-121
5.19
-0.15
Net Cash Flow
-15.51
2.21
0.78
-9.42
-6.27
2.39
-1.51
5.43
-4.83
-0.4
-1.35
0.2
Free Cash Flow
-7.12
103
-18.46
-36.1
-16.61
43.34
0.93
7.2
-0.52
122
2.05
4.68
CFO/OP
24
172
-8
-56
-82
-538
13
-321
-27
-2,02,883
65
-113
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
271
154
143
201
360
716
930
643
1,026
365
324
487
Inventory Days
474
154
43.62
141
175
684
420
560
—
—
—
—
Days Payable
256
235
127
183
74.34
122
57.66
66.82
—
—
—
—
Cash Conversion Cycle
489
73.44
58.84
159
461
1,277
1,292
1,137
1,026
365
324
487
Working Capital Days
356
74.5
47.63
109
299
793
224
-724
-1,223
269
333
630
ROCE %
12.9%
20%
21.79%
10.56%
4.97%
-3.77%
-8.73%
-3.47%
-2.01%
14.04%
9.98%
3.89%

Shareholding Pattern

As of Jun 2026
Promoters 74.96%
Others 23.85%
Public 1.18%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Oct 2023Nov 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Oct 2025Dec 2025Mar 2026Jun 2026
Promoters
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
94.97%
94.97%
0.01%
94.97%
94.97%
93.79%
93.79%
93.79%
89.98%
89.98%
74.96%
74.96%
74.96%
74.96%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
92.67%
93.00%
93.40%
91.97%
93.52%
94.24%
94.17%
94.20%
94.02%
94.07%
94.02%
0.27%
0.27%
93.89%
0.27%
0.26%
0.30%
0.31%
0.31%
0.48%
0.47%
1.18%
1.19%
1.19%
1.18%
Others
7.32%
6.99%
6.59%
8.01%
6.46%
5.74%
5.82%
5.79%
5.97%
5.92%
5.96%
4.77%
4.77%
6.10%
4.77%
4.77%
5.92%
5.90%
5.90%
9.54%
9.55%
23.85%
23.85%
23.84%
23.85%
No. of Shareholders
0
80,058
84,119
84,919
1,04,040
1,36,128
1,36,882
1,33,673
1,30,668
1,25,981
1,25,070
58,064
58,098
1,26,183
58,064
55,551
53,828
53,245
52,854
51,867
50,847
50,704
50,248
49,696
48,601

Documents

1
Concall - Mar 2017 Mar 2017
2
Concall - Jun 2017 Jun 2017
3
Concall - Aug 2017 Aug 2017
4
Concall - Sep 2017 Sep 2017
5
Concall - Nov 2017 Nov 2017

Frequently Asked Questions about Ujaas Energy Ltd

What does Ujaas Energy Ltd do?
Incorporated in 1999, Ujaas Energy Ltd is engaged in generation of solar power and manufacturing, sales and services of solar power plants/projects and manufacturing and sales of Electric Vehicle
Where is Ujaas Energy Ltd (UEL) listed?
Ujaas Energy Ltd is listed on the Indian stock exchanges. It is listed on NSE: UEL and BSE: 533644. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Ujaas Energy Ltd belong to?
Ujaas Energy Ltd operates in the Utilities sector within the Power industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Ujaas Energy Ltd?
Ujaas Energy Ltd has a market capitalisation of approximately ₹7046.70 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Ujaas Energy Ltd?
The Price-to-Earnings (PE) ratio of Ujaas Energy Ltd is 754.86. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Ujaas Energy Ltd?
Over the past 52 weeks, Ujaas Energy Ltd has traded between a low of ₹92.32 and a high of ₹284.2. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Ujaas Energy Ltd?
Ujaas Energy Ltd has a Return on Equity (ROE) of 7.89%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Ujaas Energy Ltd on Tapetide?
On Tapetide, you can view Ujaas Energy Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1999, Ujaas Energy Ltd is engaged in generation of solar power and manufacturing, sales and services of solar power plants/projects and manufacturing and sales of Electric Vehicle

Website ujaas.com
Listed 2024-05-28
Face Value ₹ 1

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