UEL

Ujaas Energy Limited

Solar power plants and solar power systems manufacturer and operator

Utilities›Power›Power›Power Generation

ujaas.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹189.33
Market cap
2,526 Cr
Stock P/E
643.1
P/B
28.48
ROE (FY18)
7.9%
ROCE (FY18)
10.3%
Operating margin (FY18)
9.6%
Debt / equity (FY18)
0.60

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

UEL (Ujaas Energy) operates solar power plants, makes and sells solar power systems, and has a small electric vehicle business, based in Indore, Madhya Pradesh.

Company snapshot

19thBy market cap

Ranked among 27 companies in Power Generation.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 138.6% of revenue

SegmentRevenue shareRevenuePBTAssets
(a) Solar Power Plant Operation
138.6%
11 Cr8 Cr39 Cr
(b) Manufacturing and sale of Solar Power Systems—-0.16 Cr-0.55 Cr17 Cr
(c) EV
1.4%
0.12 Cr-0.10 Cr9 Cr
(d) Un-allocable Income
7.3%
0.60 Cr-0.19 Cr47 Cr

Shares add up to 147% because segment revenues are before inter-segment eliminations.

What we see

Concerns
  • ✗Revenue fell 31% in the latest year — top line is under pressure.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales7 Cr6 Cr7 Cr6 Cr5 Cr8 Cr8 Cr3 Cr5 Cr3 Cr6 Cr3 Cr
Operating expenses (approx.)8 Cr7 Cr5 Cr6 Cr5 Cr5 Cr7 Cr6 Cr4 Cr4 Cr6 Cr6 Cr
EBITDA-0.86 Cr-0.74 Cr2 Cr0.55 Cr-0.16 Cr3 Cr0.62 Cr-3 Cr0.52 Cr-0.66 Cr-0.55 Cr-3 Cr
OPM %-12.5%-12.7%27.2%8.7%-3.4%41.7%8.0%-122.3%10.8%-18.8%-9.7%-92.0%
Other income0.31 Cr0.38 Cr25 Cr4 Cr2 Cr4 Cr-2 Cr7 Cr0.55 Cr1.00 Cr1 Cr7 Cr
Interest5 Cr1 Cr0.02 Cr0.02 Cr0.11 Cr0.10 Cr0.07 Cr0.05 Cr0.0007 Cr0.02 Cr0.08 Cr0.02 Cr
Depreciation2 Cr2 Cr2 Cr0.12 Cr0.13 Cr0.13 Cr0.12 Cr0.10 Cr0.14 Cr0.12 Cr0.12 Cr0.12 Cr
Profit before tax-7 Cr16 Cr-4 Cr5 Cr1 Cr7 Cr-2 Cr3 Cr0.93 Cr0.20 Cr0.52 Cr4 Cr
Tax %6.7%-187.2%-2.1%21.0%33.7%42.9%116.1%21.6%89.8%21.4%18.8%23.7%
Net profit-6 Cr45 Cr-4 Cr4 Cr0.80 Cr4 Cr0.30 Cr2 Cr0.10 Cr0.16 Cr0.42 Cr3 Cr
EPS (₹)₹-0.32₹3.47₹-0.52₹0.36₹0.07₹0.37₹0.03₹0.22₹0.01₹0.01₹0.03₹0.24

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales486 Cr334 Cr144 Cr51 Cr35 Cr45 Cr31 Cr27 Cr27 Cr17 CrSign in free for the trailing twelve months
Operating expenses (approx.)416 Cr294 Cr136 Cr59 Cr55 Cr47 Cr27 Cr27 Cr23 Cr21 CrSign in free for the trailing twelve months
EBITDA70 Cr40 Cr9 Cr-8 Cr-20 Cr-2 Cr4 Cr-0.06 Cr4 Cr-4 CrSign in free for the trailing twelve months
OPM %14.4%12.1%6.0%-16.3%-57.7%-5.3%11.3%-0.2%16.4%-23.6%Sign in free for the trailing twelve months
Other income4 Cr3 Cr17 Cr4 Cr2 Cr2 Cr1 Cr26 Cr7 Cr9 CrSign in free for the trailing twelve months
Interest18 Cr17 Cr17 Cr14 Cr16 Cr14 Cr16 Cr10 Cr0.30 Cr0.15 CrSign in free for the trailing twelve months
Depreciation8 Cr8 Cr8 Cr8 Cr8 Cr7 Cr7 Cr8 Cr0.50 Cr0.48 CrSign in free for the trailing twelve months
Profit before tax48 Cr19 Cr1 Cr-26 Cr-42 Cr-110 Cr-19 Cr-2 Cr11 Cr5 CrSign in free for the trailing twelve months
Tax %25.2%8.1%-461.7%49.4%27.9%0.2%7.1%1976.3%19.8%34.5%Sign in free for the trailing twelve months
Net profit36 Cr17 Cr7 Cr-13 Cr-30 Cr-110 Cr-17 Cr29 Cr9 Cr3 CrSign in free for the trailing twelve months
EPS (₹)₹1.80₹0.85₹0.33₹-0.67₹-1.52₹-5.48₹-0.87₹3.68₹0.83₹0.24Sign in free for the trailing twelve months
Dividend payout %———————0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital20 Cr20 Cr20 Cr20 Cr20 Cr20 Cr20 Cr11 Cr11 Cr13 Cr
Reserves179 Cr195 Cr202 Cr188 Cr158 Cr48 Cr31 Cr79 Cr75 Cr75 Cr
Borrowings107 Cr128 Cr131 Cr89 Cr111 Cr124 Cr106 Cr19 Cr24 Cr24 Cr
Other liabilities223 Cr208 Cr81 Cr51 Cr27 Cr115 Cr148 Cr3 Cr3 Cr4 Cr
Total liabilities529 Cr551 Cr433 Cr348 Cr316 Cr307 Cr304 Cr111 Cr113 Cr117 Cr
Fixed assets (net)180 Cr174 Cr165 Cr156 Cr149 Cr141 Cr134 Cr29 Cr30 Cr29 Cr
CWIP————————0 Cr0 Cr
Investments29 Cr3 Cr3 Cr0 Cr0 Cr0 Cr0 Cr11 Cr13 Cr14 Cr
Loans & advances——2 Cr1 Cr1 Cr0 Cr0 Cr0 Cr13 Cr21 Cr
Inventories45 Cr98 Cr54 Cr43 Cr31 Cr36 Cr35 Cr10 Cr12 Cr12 Cr
Trade receivables190 Cr184 Cr157 Cr100 Cr89 Cr79 Cr85 Cr27 Cr24 Cr22 Cr
Cash & bank16 Cr7 Cr0.65 Cr3 Cr2 Cr7 Cr2 Cr2 Cr0.39 Cr0.59 Cr
Other assets69 Cr85 Cr53 Cr45 Cr44 Cr44 Cr48 Cr32 Cr21 Cr19 Cr
Total assets529 Cr551 Cr433 Cr348 Cr316 Cr307 Cr304 Cr111 Cr113 Cr117 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-16 Cr-34 Cr-17 Cr43 Cr0.93 Cr7 Cr-0.47 Cr125 Cr0.09 Cr4 Cr
Cash from investing22 Cr22 Cr25 Cr15 Cr-1 Cr-0.92 Cr-4 Cr-4 Cr-7 Cr-4 Cr
Cash from financing-5 Cr3 Cr-14 Cr-55 Cr-1 Cr-0.84 Cr-0.68 Cr-121 Cr5 Cr-0.15 Cr
Net cash flow0.78 Cr-9 Cr-6 Cr2 Cr-2 Cr5 Cr-5 Cr-0.40 Cr-1 Cr0.20 Cr
Free cash flow (OCF − Capex)-18 Cr-36 Cr-17 Cr43 Cr0.93 Cr7 Cr-0.52 Cr125 Cr-0.68 Cr4 Cr

Ratios

MetricMar 2017Mar 2018
ROCE %21.9%10.3%
ROE %18.4%7.9%
Debtor days142201
Inventory days44141
Days payable128183
Cash conversion cycle58158
OCF / EBITDA %-23.3%-84.6%
Debt / equity0.540.60
Current ratio1.641.62
Net debt / EBITDA1.273.00