Urja Global Ltd

₹ 15.3 -1.55%

23 May - close price

About

Incorporated in 1992, Urja Global Ltd is in the business of off-grid and grid connected Solar Power Plants, decentralized Solar Application and trading of solar products, Lead Acid Batteries, Electric vehicles^[1]

Key Points

Business Overview:^[1]^[2]
a) UGL is a Renewable Energy developer and operator. It provides design, consultancy, integration, supply, installation, commissioning & maintenance of off-grid and grid connected Solar Power Plants.
b) Company is an approved Channel Partners of Ministry of New and Renewable Energy (MNRE), Govt. of India.
c) It manufactures Energy Systems with
focus on rural electrification especially in
hilly areas, forest regions, deserts, islands,
far flung villages, unmanned locations and
other areas which require reliable and uninterrupted power supply
d) Company has ~38 Dealer Network, ~59 number of Sales & Service Team, ~22 Distributor Network, and ~10 Mn Customers

Website BSE NSE

Market Cap ₹ 802 Cr.
Current Price ₹ 15.3
High / Low ₹ 25.4 / 10.7
Stock P/E 557
Book Value ₹ 2.79
Dividend Yield 0.00 %
ROCE 1.43 %
ROE 0.99 %
Face Value ₹ 1.00

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Pros

Company is almost debt free.

Cons

Stock is trading at 5.49 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 -19.0% over past five years.
Promoter holding is low: 19.4%
Company has a low return on equity of 1.05% over last 3 years.
Earnings include an other income of Rs.1.15 Cr.
Promoter holding has decreased over last 3 years: -12.5%

* 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 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	30.16	10.23	9.31	9.51	10.14	9.64	10.36	11.16	12.48	10.55	12.73	14.35	12.69
	30.37	10.30	8.63	9.25	10.32	9.37	9.88	10.50	12.47	9.87	12.65	14.29	12.51
Operating Profit	-0.21	-0.07	0.68	0.26	-0.18	0.27	0.48	0.66	0.01	0.68	0.08	0.06	0.18
OPM %	-0.70%	-0.68%	7.30%	2.73%	-1.78%	2.80%	4.63%	5.91%	0.08%	6.45%	0.63%	0.42%	1.42%
	0.41	0.33	0.34	0.32	0.21	0.35	0.35	0.35	0.17	0.16	0.14	0.33	0.55
Interest	0.05	0.05	0.03	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02
Profit before tax	0.15	0.20	0.98	0.57	0.02	0.61	0.82	0.99	0.17	0.83	0.20	0.37	0.71
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%
	0.14	0.21	0.98	0.57	0.02	0.61	0.82	0.99	0.17	0.82	0.21	0.37	0.72
EPS in Rs	0.00	0.00	0.02	0.01	0.00	0.01	0.02	0.02	0.00	0.02	0.00	0.01	0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	114.35	116.63	120.21	117.06	126.30	129.98	144.56	128.44	62.39	39.18	43.33	50.33
	113.04	116.30	119.06	116.52	126.21	130.27	144.09	129.11	62.80	38.19	41.73	49.34
Operating Profit	1.31	0.33	1.15	0.54	0.09	-0.29	0.47	-0.67	-0.41	0.99	1.60	0.99
OPM %	1.15%	0.28%	0.96%	0.46%	0.07%	-0.22%	0.33%	-0.52%	-0.66%	2.53%	3.69%	1.97%
	0.03	0.14	0.64	1.09	1.68	2.17	1.80	2.84	1.37	1.20	1.21	1.15
Interest	0.09	0.17	0.21	0.06	0.04	0.00	0.01	0.01	0.06	0.20	0.02	0.00
Depreciation	0.01	0.01	0.02	0.02	0.02	0.02	0.01	0.02	0.02	0.20	0.21	0.06
Profit before tax	1.24	0.29	1.56	1.55	1.71	1.86	2.25	2.14	0.88	1.79	2.58	2.08
Tax %	32.26%	31.03%	33.33%	33.55%	33.33%	29.57%	28.00%	20.09%	25.00%	25.14%	31.01%	30.77%
	0.84	0.19	1.04	1.03	1.14	1.32	1.61	1.71	0.66	1.34	1.78	1.44
EPS in Rs	0.02	0.00	0.02	0.02	0.02	0.02	0.03	0.03	0.01	0.03	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:	-8%
5 Years:	-19%
3 Years:	-7%
TTM:	16%

Compounded Profit Growth
10 Years:	22%
5 Years:	-2%
3 Years:	30%
TTM:	-19%

Stock Price CAGR
10 Years:	14%
5 Years:	49%
3 Years:	5%
1 Year:	-31%

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 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	50.72	50.72	50.72	50.72	50.72	50.72	50.72	51.97	53.39	53.39	53.39	53.39
Reserves	69.33	69.52	70.56	71.59	72.73	74.04	75.65	82.37	88.50	89.84	91.62	93.06
	1.14	2.39	0.26	0.79	0.34	0.33	0.33	0.32	0.01	0.00	0.00	0.00
	1.97	15.90	7.07	34.91	128.83	185.45	304.32	346.62	375.07	95.84	88.20	86.55
Total Liabilities	123.16	138.53	128.61	158.01	252.62	310.54	431.02	481.28	516.97	239.07	233.21	233.00
	36.32	44.68	46.12	0.12	0.10	46.43	46.42	46.42	46.41	0.07	0.19	46.80
CWIP	0.00	0.00	0.00	46.00	46.00	0.00	0.00	0.00	0.00	46.35	46.35	0.00
Investments	44.27	51.94	53.04	53.31	53.31	53.31	53.31	53.31	55.31	55.32	55.37	55.37
	42.57	41.91	29.45	58.58	153.21	210.80	331.29	381.55	415.25	137.33	131.30	130.83
Total Assets	123.16	138.53	128.61	158.01	252.62	310.54	431.02	481.28	516.97	239.07	233.21	233.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	0.02	11.90	-1.40	7.50	-9.55	-2.01	-1.44	-8.94	-6.57	-5.91	-0.13	-1.37
	0.01	-12.83	3.72	0.67	1.62	1.81	1.80	2.82	-0.64	1.17	1.00	0.67
	0.00	1.10	-2.51	-0.05	-0.04	0.00	-0.01	6.11	6.86	-0.26	-0.17	-0.22
Net Cash Flow	0.03	0.17	-0.19	8.11	-7.96	-0.20	0.35	0.00	-0.35	-4.99	0.70	-0.92

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	21.10	35.80	55.02	113.93	373.67	518.24	753.18	124.16	339.79	95.21	109.93	132.50
Inventory Days				0.41	0.65	4.39	19.28	11.07	31.09	112.80	250.09	147.42
Days Payable				102.16	367.36	513.02	756.96	248.56	199.66	83.10	71.32	38.41
Cash Conversion Cycle	21.10	35.80	55.02	12.19	6.96	9.61	15.50	-113.33	171.22	124.92	288.69	241.51
Working Capital Days	20.78	-13.21	34.95	48.02	68.06	70.85	66.94	-80.99	222.37	-43.97	28.89	23.28
ROCE %	1.10%	0.38%	1.45%	1.32%	1.42%	1.49%	1.80%	1.65%	0.68%	1.40%	1.80%	1.43%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	31.97%	31.97%	30.18%	28.65%	27.14%	22.56%	20.32%	19.43%	19.43%	19.43%	19.43%	19.43%
	0.00%	0.00%	0.00%	0.00%	0.01%	0.07%	0.00%	0.06%	0.44%	0.11%	0.13%	0.12%
	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	68.02%	68.02%	69.82%	71.35%	72.85%	77.36%	79.67%	80.49%	80.12%	80.47%	80.44%	80.43%
No. of Shareholders	5,38,379	5,23,558	5,17,990	5,12,666	5,23,438	5,44,729	5,77,279	8,60,727	8,62,244	8,82,209	8,74,368	8,65,008

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	33.52%	33.52%	33.52%	31.55%	31.97%	31.97%	28.65%	19.43%	19.43%
	0.89%	0.97%	0.78%	0.78%	0.43%	0.02%	0.00%	0.06%	0.12%
	0.00%	0.00%	0.00%	0.03%	0.01%	0.00%	0.00%	0.00%	0.00%
	65.60%	65.52%	65.69%	67.64%	67.58%	68.00%	71.35%	80.49%	80.43%
No. of Shareholders	7,373	47,053	59,329	74,369	2,47,509	5,36,835	5,12,666	8,60,727	8,65,008

* 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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20 Dec 2024 from care