Urja Global Ltd

₹ 21.1 0.33%

03 Jul 9:12 a.m.

About

Incorporated in 1992, Urja Global Ltd. is a leading Renewable Energy developer and operator. The Co. is engaged in the installation, commissioning & maintenance of off-grid and grid-connected Solar Power Plants and decentralized Solar Applications and trading of solar products & Lead Acid Batteries. It is an approved Channel Partner of the Ministry of New and Renewable Energy (MNRE), Govt. of India ^[1]

Key Points

Product Portfolio
Company’s product portfolio in the domestic market comprises batteries, Solar batteries, E-rickshaw and E-scooters.

1- Lithium ION batteries, automotive batteries, inverter batteries, solar batteries and e-rickshaw batteries under the brand names ‘Urja’ and I-volt.

2- Solar study lamps, LED lanterns, Solar Panels, Solar Inverter Solar Home lighting.

3- Urja Solar Atta Chakki, Solar Water Pumps, Solar Rooftop and solar system on grid/off grid.

4- E-rickshaws and E scooters. ^[1]

Website BSE NSE

Market Cap ₹ 1,110 Cr.
Current Price ₹ 21.1
High / Low ₹ 41.8 / 8.78
Stock P/E 624
Book Value ₹ 2.76
Dividend Yield 0.00 %
ROCE 1.79 %
ROE 1.24 %
Face Value ₹ 1.00

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Pros

Company is almost debt free.
Debtor days have improved from 182 to 110 days.
Company's working capital requirements have reduced from 138 days to 28.8 days

Cons

Stock is trading at 7.63 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -0.89%
The company has delivered a poor sales growth of -19.7% over past five years.
Promoter holding is low: 19.4%
Company has a low return on equity of 0.89% over last 3 years.
Earnings include an other income of Rs.1.21 Cr.

* 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: Automobile Industry: Automobiles - Motorcycles / Mopeds

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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
	42.51	22.64	0.29	9.30	30.16	10.23	9.31	9.51	10.14	9.64	10.36	11.16	12.48
	43.23	22.42	0.52	9.48	30.37	10.30	8.63	9.25	10.32	9.37	9.88	10.51	12.47
Operating Profit	-0.72	0.22	-0.23	-0.18	-0.21	-0.07	0.68	0.26	-0.18	0.27	0.48	0.65	0.01
OPM %	-1.69%	0.97%	-79.31%	-1.94%	-0.70%	-0.68%	7.30%	2.73%	-1.78%	2.80%	4.63%	5.82%	0.08%
	1.26	0.32	0.33	0.31	0.41	0.33	0.34	0.32	0.21	0.35	0.35	0.35	0.17
Interest	0.00	0.00	0.00	0.01	0.05	0.05	0.03	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Profit before tax	0.54	0.54	0.10	0.12	0.15	0.20	0.98	0.57	0.02	0.61	0.82	0.99	0.17
Tax %	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%
	0.54	0.54	0.09	0.12	0.14	0.21	0.98	0.57	0.02	0.61	0.82	0.99	0.17
EPS in Rs	0.01	0.01	0.00	0.00	0.00	0.00	0.02	0.01	0.00	0.01	0.02	0.02	0.00
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
	112.44	114.35	116.63	120.21	117.06	126.30	129.98	144.56	128.44	62.39	39.18	43.33
	111.13	113.04	116.30	119.06	116.52	126.21	130.27	144.09	129.11	62.80	38.49	41.93
Operating Profit	1.31	1.31	0.33	1.15	0.54	0.09	-0.29	0.47	-0.67	-0.41	0.69	1.40
OPM %	1.17%	1.15%	0.28%	0.96%	0.46%	0.07%	-0.22%	0.33%	-0.52%	-0.66%	1.76%	3.23%
	0.02	0.03	0.14	0.64	1.09	1.68	2.17	1.80	2.84	1.37	1.20	1.21
Interest	0.18	0.09	0.17	0.21	0.06	0.04	0.00	0.01	0.01	0.06	0.08	0.00
Depreciation	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.01	0.02	0.02	0.02	0.03
Profit before tax	1.14	1.24	0.29	1.56	1.55	1.71	1.86	2.25	2.14	0.88	1.79	2.58
Tax %	34.21%	32.26%	31.03%	33.33%	33.55%	33.33%	29.57%	28.00%	20.09%	25.00%	25.14%	31.01%
	0.75	0.84	0.19	1.04	1.03	1.14	1.32	1.61	1.71	0.66	1.34	1.78
EPS in Rs	0.01	0.02	0.00	0.02	0.02	0.02	0.02	0.03	0.03	0.01	0.03	0.03
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-9%
5 Years:	-20%
3 Years:	-30%
TTM:	11%

Compounded Profit Growth
10 Years:	8%
5 Years:	6%
3 Years:	1%
TTM:	33%

Stock Price CAGR
10 Years:	30%
5 Years:	58%
3 Years:	40%
1 Year:	107%

Return on Equity
10 Years:	1%
5 Years:	1%
3 Years:	1%
Last Year:	1%

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	50.72	50.72	50.72	50.72	50.72	50.72	50.72	50.72	51.97	53.39	53.39	53.39
Reserves	31.95	69.33	69.52	70.56	71.59	72.73	74.04	75.65	82.37	88.50	89.84	91.62
	1.07	1.14	2.39	0.26	0.79	0.34	0.33	0.33	0.32	0.01	0.00	0.00
	38.26	1.97	15.90	7.07	34.91	128.83	185.45	304.32	346.62	375.07	95.84	88.19
Total Liabilities	122.00	123.16	138.53	128.61	158.01	252.62	310.54	431.02	481.28	516.97	239.07	233.20
	36.32	36.32	44.68	46.12	0.12	0.10	46.43	46.42	46.42	46.41	46.42	46.54
CWIP	0.00	0.00	0.00	0.00	46.00	46.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.57	44.27	51.94	53.04	53.31	53.31	53.31	53.31	53.31	55.31	55.31	55.37
	85.11	42.57	41.91	29.45	58.58	153.21	210.80	331.29	381.55	415.25	137.34	131.29
Total Assets	122.00	123.16	138.53	128.61	158.01	252.62	310.54	431.02	481.28	516.97	239.07	233.20

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
	-8.16	0.02	11.90	-1.40	7.50	-9.55	-2.01	-1.44	-8.94	-6.57	-0.48	-0.13
	-0.09	0.01	-12.83	3.72	0.67	1.62	1.81	1.80	2.82	-0.64	1.17	1.00
	7.91	0.00	1.10	-2.51	-0.05	-0.04	0.00	-0.01	6.11	6.86	-0.26	-0.17
Net Cash Flow	-0.34	0.03	0.17	-0.19	8.11	-7.96	-0.20	0.35	0.00	-0.35	0.44	0.70

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	16.56	21.10	35.80	55.02	113.93	373.67	518.24	753.18	124.16	339.79	95.21	109.93
Inventory Days					0.41	0.65	4.39	19.28	11.07	31.09	112.80	250.09
Days Payable					102.16	367.36	513.02	756.96	248.56	199.66	83.10	71.32
Cash Conversion Cycle	16.56	21.10	35.80	55.02	12.19	6.96	9.61	15.50	-113.33	171.22	124.92	288.69
Working Capital Days	17.01	20.78	-13.21	34.95	48.02	68.06	70.85	66.94	-80.99	222.37	163.03	28.81
ROCE %	2.01%	1.30%	0.38%	1.45%	1.32%	1.42%	1.49%	1.80%	1.65%	0.68%	1.31%

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
	31.97%	31.97%	31.97%	31.97%	31.97%	31.97%	30.18%	28.65%	27.14%	22.56%	20.32%	19.43%
	0.43%	0.00%	0.07%	0.02%	0.00%	0.00%	0.00%	0.00%	0.01%	0.07%	0.00%	0.06%
	0.01%	0.01%	0.01%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	67.58%	68.01%	67.95%	68.00%	68.02%	68.02%	69.82%	71.35%	72.85%	77.36%	79.67%	80.49%
No. of Shareholders	2,91,629	3,26,843	4,01,082	5,36,835	5,38,379	5,23,558	5,17,990	5,12,666	5,23,438	5,44,729	5,77,279	8,60,727

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	33.52%	33.52%	33.52%	31.55%	31.97%	31.97%	28.65%	19.43%
	0.89%	0.97%	0.78%	0.78%	0.43%	0.02%	0.00%	0.06%
	0.00%	0.00%	0.00%	0.03%	0.01%	0.00%	0.00%	0.00%
	65.60%	65.52%	65.69%	67.64%	67.58%	68.00%	71.35%	80.49%
No. of Shareholders	7,373	47,053	59,329	74,369	2,47,509	5,36,835	5,12,666	8,60,727

* 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.

Click on the line-items to see the names of individual entities.

Urja Global Ltd

Urja Global Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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