Urja Global Ltd

Urja Global Ltd

₹ 22.4 0.49%
24 Apr 11:47 a.m.
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 1,175 Cr.
  • Current Price 22.4
  • High / Low 41.8 / 7.50
  • Stock P/E 476
  • Book Value 3.30
  • Dividend Yield 0.00 %
  • ROCE 1.55 %
  • ROE 0.89 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Debtor days have improved from 166 to 94.9 days.

Cons

  • Stock is trading at 6.74 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 -21.6% over past five years.
  • Promoter holding is low: 19.4%
  • Company has a low return on equity of 0.81% over last 3 years.
  • Earnings include an other income of Rs.1.56 Cr.
  • Working capital days have increased from -88.6 days to 206 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
38.73 53.54 28.66 11.07 24.95 40.82 10.47 9.37 9.64 10.64 9.67 10.96 11.12
38.63 54.09 28.39 10.66 24.37 40.48 10.33 8.40 9.47 10.55 9.21 10.18 10.26
Operating Profit 0.10 -0.55 0.27 0.41 0.58 0.34 0.14 0.97 0.17 0.09 0.46 0.78 0.86
OPM % 0.26% -1.03% 0.94% 3.70% 2.32% 0.83% 1.34% 10.35% 1.76% 0.85% 4.76% 7.12% 7.73%
0.69 1.78 0.40 0.33 0.47 0.45 0.33 0.34 0.69 0.47 0.35 0.36 0.38
Interest 0.20 0.15 0.14 0.28 0.49 0.25 0.24 0.25 0.24 0.18 0.18 0.16 0.21
Depreciation 0.09 0.09 0.08 0.24 0.24 0.32 0.01 0.01 0.01 0.29 0.09 0.09 0.09
Profit before tax 0.50 0.99 0.45 0.22 0.32 0.22 0.22 1.05 0.61 0.09 0.54 0.89 0.94
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%
0.51 0.99 0.45 0.22 0.31 0.22 0.22 1.06 0.61 0.09 0.54 0.90 0.94
EPS in Rs 0.01 0.02 0.01 0.00 0.01 0.00 0.00 0.02 0.01 0.00 0.01 0.02 0.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
114.38 120.80 127.92 128.32 133.25 136.38 163.56 148.46 72.97 39.58 42.39
113.11 120.27 125.22 126.33 133.86 136.85 162.42 148.65 72.47 38.21 40.20
Operating Profit 1.27 0.53 2.70 1.99 -0.61 -0.47 1.14 -0.19 0.50 1.37 2.19
OPM % 1.11% 0.44% 2.11% 1.55% -0.46% -0.34% 0.70% -0.13% 0.69% 3.46% 5.17%
0.03 0.14 0.66 1.16 1.68 2.17 1.80 3.36 1.57 1.83 1.56
Interest 0.09 1.18 1.09 0.96 0.81 0.68 0.79 0.64 0.74 0.91 0.73
Depreciation 0.01 0.99 0.71 0.63 0.55 0.47 0.40 0.35 0.34 0.31 0.56
Profit before tax 1.20 -1.50 1.56 1.56 -0.29 0.55 1.75 2.18 0.99 1.98 2.46
Tax % 33.33% -2.00% 32.69% 33.97% -200.00% 100.00% 36.00% 20.18% 22.22% 22.73%
0.84 -1.51 1.06 1.04 -0.87 0.01 1.12 1.73 0.77 1.53 2.47
EPS in Rs 0.02 -0.02 0.02 0.02 -0.02 0.00 0.02 0.03 0.01 0.03 0.05
Dividend Payout % 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: %
5 Years: -22%
3 Years: -38%
TTM: -40%
Compounded Profit Growth
10 Years: %
5 Years: 30%
3 Years: 11%
TTM: 17%
Stock Price CAGR
10 Years: 34%
5 Years: 55%
3 Years: 54%
1 Year: 185%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 50.72 50.72 50.72 50.72 50.72 50.72 50.72 51.97 53.39 53.39 53.39
Reserves 103.01 101.64 102.70 103.79 102.92 102.93 104.05 110.79 117.03 118.55 119.97
1.37 9.76 7.67 6.80 5.95 5.83 5.67 4.90 5.88 6.62 5.65
11.88 28.49 19.36 48.90 140.04 197.91 325.75 361.66 388.49 106.73 109.14
Total Liabilities 166.98 190.61 180.45 210.21 299.63 357.39 486.19 529.32 564.79 285.29 288.15
123.24 137.84 138.54 49.77 49.22 137.54 137.25 138.07 137.89 138.76 138.73
CWIP 0.00 0.00 0.00 88.40 88.40 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.65 0.75 0.65 0.65 0.65 0.65 0.65 0.65 0.65 0.70
43.74 52.12 41.16 71.39 161.36 219.20 348.29 390.60 426.25 145.88 148.72
Total Assets 166.98 190.61 180.45 210.21 299.63 357.39 486.19 529.32 564.79 285.29 288.15

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.03 13.19 -2.15 8.27 -8.92 -1.21 -0.64 -7.16 -8.30 0.92
0.02 -12.22 3.78 0.43 1.62 1.77 1.71 1.66 -0.78 0.65
0.00 -1.36 -1.68 -0.59 -0.81 -0.68 -0.79 5.50 8.75 -1.10
Net Cash Flow 0.05 -0.39 -0.06 8.11 -8.11 -0.11 0.28 0.00 -0.34 0.47

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 21.09 38.16 53.70 108.06 362.43 502.27 696.84 107.42 295.22 94.89
Inventory Days 31.89 13.11 16.88 22.17 19.89 73.95 220.83
Days Payable 104.20 352.84 499.45 701.42 861.48 188.11 94.09
Cash Conversion Cycle 21.09 38.16 53.70 35.75 22.70 19.70 17.59 -734.17 181.05 221.63
Working Capital Days 20.65 8.25 57.35 66.50 81.66 81.36 70.03 -690.49 218.69 206.02
ROCE % -0.19% 1.55% 1.48% 0.31% 0.73% 1.50% 1.63% 0.95% 1.55%

Shareholding Pattern

Numbers in percentages

32 Recently
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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