Ujaas Energy Ltd

Ujaas Energy Ltd

₹ 2.25 7.14%
02 Nov 2023
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

  • Market Cap 45.1 Cr.
  • Current Price 2.25
  • High / Low 2.86 / 1.67
  • Stock P/E 1.88
  • Book Value 1.91
  • Dividend Yield 0.00 %
  • ROCE -1.55 %
  • ROE -29.5 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.18 times its book value
  • Company's working capital requirements have reduced from 529 days to 69.3 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -37.9% over past five years.
  • Promoter holding is low: 0.01%
  • Company has a low return on equity of -18.6% over last 3 years.
  • Earnings include an other income of Rs.20.6 Cr.
  • Company has high debtors of 1,001 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
6 8 8 12 14 11 8 8 7 9 7 7 6
9 16 6 12 15 15 7 8 6 6 8 8 7
Operating Profit -2 -8 3 0 -1 -4 1 -0 0 3 -0 -1 -1
OPM % -34% -105% 34% 0% -6% -40% 9% -1% 3% 31% -5% -12% -12%
0 0 0 -88 1 0 0 0 0 0 0 0 20
Interest 4 5 4 3 3 4 4 4 4 4 5 5 1
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax -7 -14 -2 -93 -5 -10 -5 -6 -5 -3 -6 -7 16
Tax % 27% 23% 26% 14% 25% -149% 10% 11% 6% -3% 8% 7% -187%
-5 -11 -2 -79 -4 -25 -4 -5 -5 -3 -6 -6 45
EPS in Rs -0.27 -0.56 -0.09 -3.97 -0.18 -1.25 -0.22 -0.26 -0.25 -0.14 -0.29 -0.32 2.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
34 243 526 111 277 486 334 156 51 35 45 31 29
34 197 432 68 213 415 293 136 59 55 47 27 28
Operating Profit 0 46 93 43 64 71 41 20 -8 -20 -2 4 1
OPM % 1% 19% 18% 39% 23% 15% 12% 13% -16% -58% -5% 11% 3%
3 5 8 2 2 4 3 6 4 2 -86 1 21
Interest 1 5 11 19 17 20 17 17 14 16 14 16 14
Depreciation 0 2 5 8 8 8 8 8 8 8 7 7 7
Profit before tax 2 44 85 18 41 48 19 1 -26 -42 -110 -19 -0
Tax % 54% 38% 56% 36% 50% 25% 8% -461% 49% 28% 0% 7%
1 27 37 12 21 36 17 7 -13 -30 -110 -17 30
EPS in Rs 0.05 1.35 1.87 0.59 1.04 1.80 0.85 0.33 -0.67 -1.52 -5.48 -0.87 1.52
Dividend Payout % 0% 11% 11% 9% 7% 3% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -19%
5 Years: -38%
3 Years: -15%
TTM: -14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -11%
TTM: 160%
Stock Price CAGR
10 Years: -16%
5 Years: -19%
3 Years: -4%
1 Year: 29%
Return on Equity
10 Years: 3%
5 Years: -9%
3 Years: -19%
Last Year: -29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 20 20 20 20 20 20 20 20 20 20 20 20 20
Reserves 87 110 143 153 172 179 195 202 188 158 48 31 18
29 26 132 110 104 117 138 141 96 111 105 106 110
8 102 202 80 196 213 197 71 44 27 134 148 151
Total Liabilities 143 258 497 363 492 529 551 433 348 316 307 304 299
40 40 191 183 176 180 174 165 156 149 141 134 130
CWIP 0 12 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 1 2 26 29 3 3 0 0 0 0 0
104 206 305 178 289 320 374 266 192 167 166 170 169
Total Assets 143 258 497 363 492 529 551 433 348 316 307 304 299

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-67 -15 40 -7 104 -16 -34 -17 43 1 7 -0
-31 4 -131 35 -77 22 22 25 15 -1 -1 -4
110 37 93 -44 -25 -5 3 -14 -55 -1 -1 -1
Net Cash Flow 12 25 2 -16 2 1 -9 -6 2 -2 5 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 160 131 123 271 154 143 201 360 716 930 643 1,001
Inventory Days 129 50 37 474 154 44 141 175 684 420 560 1,029
Days Payable 53 157 125 256 235 127 183 74 122 58 67 127
Cash Conversion Cycle 236 24 35 489 73 59 159 461 1,277 1,292 1,137 1,902
Working Capital Days 332 52 42 356 80 69 174 470 1,056 1,382 134 69
ROCE % 4% 34% 43% 13% 20% 22% 11% 5% -4% -9% -3% -2%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00%
99.99% 99.99% 99.99% 99.99% 99.99% 99.99% 99.99% 99.98% 99.99% 99.99% 99.99% 100.00%
No. of Shareholders 80,05884,11984,9191,04,0401,36,1281,36,8821,33,6731,30,6681,28,1111,25,9811,25,0701,26,183

* 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.

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