Ujaas Energy Ltd

₹ 262 5.00%

01 Jul - close price

About

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

Key Points

Business Overview:^[1]^[2]
Company develops, operates, owns and maintains solar energy power plants under its flagship brand "UJAAS". Company is engaged in the sale of solar power and setting up solar projects across 3 segments:
a) Engineering procurement and construction
b) Solar park
c) Rooftop
It also provides operations and maintenance services for these assets. Company has an installed capacity of ~14 megawatt (MW) of solar power and has set up 235 MW+ of solar power plants. UEL has also recently ventured into the electric two-wheeler industry by launching E-Spa

Website BSE NSE - BE

Market Cap ₹ 2,758 Cr.
Current Price ₹ 262
High / Low ₹ 262 / 7.02
Stock P/E 71.5
Book Value ₹ 8.47
Dividend Yield 0.00 %
ROCE 14.0 %
ROE 55.2 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company has delivered good profit growth of 42.9% CAGR over last 5 years
Promoter holding has increased by 95.0% over last quarter.

Cons

Stock is trading at 30.9 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -29.7% over past five years.
Company has a low return on equity of -0.24% over last 3 years.
Earnings include an other income of Rs.16.5 Cr.
Company has high debtors of 365 days.
Company's cost of borrowing seems high
Working capital days have increased from 293 days to 675 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	7.71	8.42	11.58	13.66	11.01	8.01	7.59	6.68	8.63	7.18	6.86	5.84	6.84
	15.82	5.52	11.56	14.54	15.37	7.30	7.66	6.48	5.97	7.51	7.71	6.57	4.97
Operating Profit	-8.11	2.90	0.02	-0.88	-4.36	0.71	-0.07	0.20	2.66	-0.33	-0.85	-0.73	1.87
OPM %	-105.19%	34.44%	0.17%	-6.44%	-39.60%	8.86%	-0.92%	2.99%	30.82%	-4.60%	-12.39%	-12.50%	27.34%
	0.12	0.21	-87.79	0.88	0.29	0.24	0.33	0.27	0.28	0.30	0.31	19.66	-3.77
Interest	4.53	3.64	3.18	2.81	4.14	4.04	4.19	4.05	3.98	4.53	4.62	1.30	0.02
Depreciation	1.87	1.86	1.87	1.87	1.80	1.82	1.81	1.80	1.76	1.79	1.80	1.80	2.14
Profit before tax	-14.39	-2.39	-92.82	-4.68	-10.01	-4.91	-5.74	-5.38	-2.80	-6.35	-6.96	15.83	-4.06
Tax %	22.59%	26.36%	14.37%	25.21%	-149.35%	9.78%	10.80%	6.13%	-3.21%	7.56%	6.75%	-187.18%	-2.22%
	-11.13	-1.76	-79.48	-3.51	-24.96	-4.42	-5.12	-5.05	-2.90	-5.86	-6.50	45.45	-4.14
EPS in Rs	-0.56	-0.09	-3.97	-0.18	-1.25	-0.22	-0.26	-0.25	-0.14	-0.29	-0.32	4.32	-0.39
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	243	526	111	277	486	334	156	51	35	45	31	27
	197	432	68	213	415	293	136	59	55	47	27	27
Operating Profit	46	93	43	64	71	41	20	-8	-20	-2	4	-0
OPM %	19%	18%	39%	23%	15%	12%	13%	-16%	-58%	-5%	11%	-0%
	5	8	2	2	4	3	6	4	2	-86	1	17
Interest	5	11	19	17	20	17	17	14	16	14	16	10
Depreciation	2	5	8	8	8	8	8	8	8	7	7	8
Profit before tax	44	85	18	41	48	19	1	-26	-42	-110	-19	-2
Tax %	38%	56%	36%	50%	25%	8%	-461%	49%	28%	0%	7%	1,981%
	27	37	12	21	36	17	7	-13	-30	-110	-17	29
EPS in Rs	1.35	1.87	0.59	1.04	1.80	0.85	0.33	-0.67	-1.52	-5.48	-0.87	2.75
Dividend Payout %	11%	11%	9%	7%	3%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-26%
5 Years:	-30%
3 Years:	-9%
TTM:	-14%

Compounded Profit Growth
10 Years:	0%
5 Years:	43%
3 Years:	48%
TTM:	321%

Stock Price CAGR
10 Years:	8%
5 Years:	66%
3 Years:	189%
1 Year:	3216%

Return on Equity
10 Years:	3%
5 Years:	-7%
3 Years:	0%
Last Year:	55%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	20	20	20	20	20	20	20	20	20	20	20	11
Reserves	110	143	153	172	179	195	202	188	158	48	31	79
	26	132	110	104	117	138	141	96	111	105	106	19
	102	202	80	196	213	197	71	44	27	134	148	3
Total Liabilities	258	497	363	492	529	551	433	348	316	307	304	111
	40	191	183	176	180	174	165	156	149	141	134	29
CWIP	12	0	0	0	0	0	0	0	0	0	0	0
Investments	0	1	2	26	29	3	3	0	0	0	0	11
	206	305	178	289	320	374	266	192	167	166	170	70
Total Assets	258	497	363	492	529	551	433	348	316	307	304	111

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-15	40	-7	104	-16	-34	-17	43	1	7	-0	125
	4	-131	35	-77	22	22	25	15	-1	-1	-4	-4
	37	93	-44	-25	-5	3	-14	-55	-1	-1	-1	-121
Net Cash Flow	25	2	-16	2	1	-9	-6	2	-2	5	-5	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	131	123	271	154	143	201	360	716	930	643	1,001	365
Inventory Days	50	37	474	154	44	141	175	684	420	560	1,029	265
Days Payable	157	125	256	235	127	183	74	122	58	67	127	26
Cash Conversion Cycle	24	35	489	73	59	159	461	1,277	1,292	1,137	1,902	604
Working Capital Days	52	42	356	80	69	174	470	1,056	1,382	134	69	675
ROCE %	34%	43%	13%	20%	22%	11%	5%	-4%	-9%	-3%	-2%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	94.97%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
	99.99%	99.99%	99.99%	99.99%	99.99%	99.99%	99.98%	99.99%	99.99%	99.99%	100.00%	5.04%
No. of Shareholders	84,119	84,919	1,04,040	1,36,128	1,36,882	1,33,673	1,30,668	1,28,111	1,25,981	1,25,070	1,26,183	58,064

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	62.91%	62.91%	60.71%	60.71%	0.01%	0.01%	0.01%	94.97%
	0.26%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%
	1.27%	0.20%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
	35.56%	36.87%	39.27%	39.28%	99.99%	99.99%	99.99%	5.04%
No. of Shareholders	35,737	47,380	45,366	45,310	80,058	1,36,128	1,28,111	58,064

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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