Urja Global Ltd

₹ 9.25 -0.32%

27 Aug 4:01 p.m.

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 ₹ 486 Cr.
Current Price ₹ 9.25
High / Low ₹ 14.4 / 8.00
Stock P/E 190
Book Value ₹ 2.83
Dividend Yield 0.00 %
ROCE 1.73 %
ROE 1.30 %
Face Value ₹ 1.00

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Pros

Company is almost debt free.

Cons

Stock is trading at 3.28 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -0.98%
The company has delivered a poor sales growth of -14.6% over past five years.
Promoter holding is low: 17.4%
Company has a low return on equity of 1.17% over last 3 years.
Working capital days have increased from 40.6 days to 69.5 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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	9.64	10.36	11.16	12.48	10.55	12.73	14.35	12.69	11.29	15.41	14.51	17.32	13.28
	9.37	9.88	10.50	12.47	9.87	12.65	14.29	12.51	11.24	14.63	14.01	16.71	12.74
Operating Profit	0.27	0.48	0.66	0.01	0.68	0.08	0.06	0.18	0.05	0.78	0.50	0.61	0.54
OPM %	2.80%	4.63%	5.91%	0.08%	6.45%	0.63%	0.42%	1.42%	0.44%	5.06%	3.45%	3.52%	4.07%
	0.35	0.35	0.35	0.17	0.16	0.14	0.33	0.55	0.58	0.03	0.14	-0.04	0.10
Interest	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.03	0.02	0.02	0.02
Profit before tax	0.61	0.82	0.99	0.17	0.83	0.20	0.37	0.71	0.61	0.78	0.62	0.55	0.62
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%
	0.61	0.82	0.99	0.17	0.82	0.21	0.37	0.72	0.61	0.78	0.61	0.55	0.62
EPS in Rs	0.01	0.02	0.02	0.00	0.02	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	116.63	120.21	117.06	126.30	129.98	144.56	128.44	62.39	39.18	43.33	50.33	58.53	60.52
	116.30	119.06	116.52	126.21	130.27	144.09	129.11	62.80	38.19	41.73	49.11	56.58	58.09
Operating Profit	0.33	1.15	0.54	0.09	-0.29	0.47	-0.67	-0.41	0.99	1.60	1.22	1.95	2.43
OPM %	0.28%	0.96%	0.46%	0.07%	-0.22%	0.33%	-0.52%	-0.66%	2.53%	3.69%	2.42%	3.33%	4.02%
	0.14	0.64	1.09	1.68	2.17	1.80	2.84	1.37	1.20	1.21	1.15	0.70	0.23
Interest	0.17	0.21	0.06	0.04	0.00	0.01	0.01	0.06	0.20	0.02	0.00	0.00	0.00
Depreciation	0.01	0.02	0.02	0.02	0.02	0.01	0.02	0.02	0.20	0.21	0.29	0.10	0.09
Profit before tax	0.29	1.56	1.55	1.71	1.86	2.25	2.14	0.88	1.79	2.58	2.08	2.55	2.57
Tax %	31.03%	33.33%	33.55%	33.33%	29.57%	28.00%	20.09%	25.00%	25.14%	31.01%	30.77%	25.10%
	0.19	1.04	1.03	1.14	1.32	1.61	1.71	0.66	1.34	1.78	1.44	1.91	2.56
EPS in Rs	0.00	0.02	0.02	0.02	0.02	0.03	0.03	0.01	0.03	0.03	0.03	0.04	0.04
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:	-7%
5 Years:	-15%
3 Years:	14%
TTM:	19%

Compounded Profit Growth
10 Years:	6%
5 Years:	2%
3 Years:	13%
TTM:	34%

Stock Price CAGR
10 Years:	26%
5 Years:	8%
3 Years:	-3%
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 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	50.72	50.72	50.72	50.72	50.72	50.72	51.97	53.39	53.39	53.39	53.39	53.39
Reserves	69.52	70.56	71.59	72.73	74.04	75.65	82.37	88.50	89.84	91.62	93.06	95.06
	2.39	0.26	0.79	0.34	0.33	0.33	0.32	0.01	0.00	0.00	0.00	0.00
	15.90	7.07	34.91	128.83	185.45	304.32	346.62	375.07	95.84	88.20	86.55	40.25
Total Liabilities	138.53	128.61	158.01	252.62	310.54	431.02	481.28	516.97	239.07	233.21	233.00	188.70
	44.68	46.12	0.12	0.10	46.43	46.42	46.42	46.41	0.07	0.19	0.45	46.86
CWIP	0.00	0.00	46.00	46.00	0.00	0.00	0.00	0.00	46.35	46.35	46.35	0.00
Investments	51.94	53.04	53.31	53.31	53.31	53.31	53.31	55.31	55.32	55.37	55.37	55.37
	41.91	29.45	58.58	153.21	210.80	331.29	381.55	415.25	137.33	131.30	130.83	86.47
Total Assets	138.53	128.61	158.01	252.62	310.54	431.02	481.28	516.97	239.07	233.21	233.00	188.70

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	11.90	-1.40	7.50	-9.55	-2.01	-1.44	-8.94	-6.57	-5.91	-0.13	-1.37	-0.09
	-12.83	3.72	0.67	1.62	1.81	1.80	2.82	-0.64	1.17	1.00	0.67	0.50
	1.10	-2.51	-0.05	-0.04	0.00	-0.01	6.11	6.86	-0.26	-0.17	-0.22	0.00
Net Cash Flow	0.17	-0.19	8.11	-7.96	-0.20	0.35	0.00	-0.35	-4.99	0.70	-0.92	0.41
Free Cash Flow	11.90	-1.40	7.10	-9.55	-2.36	-1.45	-8.96	-8.58	-5.94	-0.34	-1.77	-0.25
CFO/OP	3,609%	-121%	1,485%	-9,978%	503%	-172%	1,270%	1,498%	-552%	42%	-60%	24%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	35.80	55.02	113.93	373.67	518.24	753.18	124.16	339.79	95.21	109.93	132.50	102.77
Inventory Days			0.41	0.65	4.39	19.28	11.07	31.09	112.80	250.09	147.42	79.24
Days Payable			102.16	367.36	513.02	756.96	248.56	199.66	83.10	71.32	38.41	30.62
Cash Conversion Cycle	35.80	55.02	12.19	6.96	9.61	15.50	-113.33	171.22	124.92	288.69	241.51	151.39
Working Capital Days	-20.69	34.16	45.55	67.08	69.92	66.10	-81.90	222.31	-43.97	28.89	23.28	69.53
ROCE %	0.38%	1.45%	1.32%	1.42%	1.49%	1.80%	1.65%	0.68%	1.40%	1.80%	1.43%	1.73%

Insights

In beta

Mar 2016

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Permanent Employees
count

xx	xx	xx	xx	xx	xx	xx	xx	xx
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Number of Manufacturing Plants
count

Batteries % of Turnover
% of turnover

EV Scooters (Electrical Motorcycles) % of Turnover
% of turnover

Number of Dealers / Distributors
count

Solar Energy % of Turnover
% of turnover

Number of Urja Kendras (Retail Outlets)
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	22.56%	20.32%	19.43%	19.43%	19.43%	19.43%	19.43%	18.65%	18.65%	18.35%	18.35%	17.37%
	0.07%	0.00%	0.06%	0.44%	0.11%	0.13%	0.12%	0.16%	0.44%	0.18%	0.10%	0.02%
	77.36%	79.67%	80.49%	80.12%	80.47%	80.44%	80.43%	81.18%	80.92%	81.47%	81.54%	82.61%
No. of Shareholders	5,44,729	5,77,279	8,60,727	8,62,244	8,82,209	8,74,368	8,65,008	8,46,742	8,25,646	8,01,946	7,82,937	7,71,706

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	33.52%	33.52%	33.52%	31.55%	31.97%	31.97%	28.65%	19.43%	19.43%	18.35%	17.37%
	0.89%	0.97%	0.78%	0.78%	0.43%	0.02%	0.00%	0.06%	0.12%	0.10%	0.02%
	0.00%	0.00%	0.00%	0.03%	0.01%	0.00%	0.00%	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%	81.54%	82.61%
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	7,82,937	7,71,706

* 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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Urja Global Ltd

Urja Global Ltd

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