Urja Global Ltd

Urja Global Ltd

₹ 21.9 -0.45%
24 May - close price
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]

  • Market Cap 1,151 Cr.
  • Current Price 21.9
  • High / Low 41.8 / 7.60
  • Stock P/E 646
  • Book Value 2.76
  • Dividend Yield 0.00 %
  • ROCE 1.79 %
  • ROE 1.24 %
  • Face Value 1.00

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 7.94 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.

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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: 33%
5 Years: 51%
3 Years: 47%
1 Year: 183%
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 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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 2,91,6293,26,8434,01,0825,36,8355,38,3795,23,5585,17,9905,12,6665,23,4385,44,7295,77,2798,60,727

* 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.

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