Ujaas Energy Limited (UEL) AI Stock Analysis

• Market Cap: ₹17.58B
• Dividend Yield: N/A
• Average Volume (3M): 946.00
• Price to Earnings (P/E): 801.0
• Beta (1Y): -1.05
• Revenue Growth: -0.98%
• EPS Growth: -72.12%
• Country: IN
• Employees: 85
• Sector: Energy
• Sector Strength: 52
• Industry: Solar
• EPS (TTM): <0.01
• Shares Outstanding: 133,397,810
• 10 Day Avg. Volume: 2,237
• 30 Day Avg. Volume: 946
• PEG Ratio: -7.42
• Price to Book (P/B): 47.82
• Price to Sales (P/S): 151.76
• P/FCF Ratio: 2.04K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: ₹381.00 ▲(174.79% Upside)

The overall stock score is primarily influenced by financial performance improvements, despite revenue inconsistency and leverage issues. Technical analysis indicates overbought conditions and potential volatility, while valuation suggests the stock is overvalued. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Profitability Improvements

Improved profit margins indicate better cost management and pricing strategies, enhancing long-term profitability and competitiveness.

Strong Cash Flow

Strong cash flow from operations provides financial flexibility, enabling the company to invest in growth opportunities and manage debt effectively.

Balance Sheet Stability

A stronger balance sheet with reduced leverage enhances financial stability, reducing risk and improving the company's ability to withstand economic fluctuations.

Negative Factors

Revenue Inconsistency

Inconsistent revenue growth and fluctuating EBIT suggest operational challenges, potentially impacting long-term growth and profitability.

Liquidity Risks

Liquidity risks due to cash flow volatility can limit the company's ability to invest in opportunities or meet obligations, affecting financial health.

Leverage Issues

Historical leverage issues and fluctuating net income can strain financial resources, impacting long-term sustainability and investor confidence.

Ujaas Energy Limited Business Overview & Revenue Model

Company Description

Ujaas Energy Limited engages in the generation of solar power in India. It operates through three segments: Solar Power Generation and Maintenance; Manufacturing and Sale of Solar Power Plant; and Electric Vehicle (EV). The company develops, operates, owns, and maintains a portfolio of solar energy power plants under the UJAAS brand; and provides engineering, procurement, and construction solutions. It also provides transformers, including convertor and special purpose transformers, power transformers, distribution transformers, and arc furnace and induction furnace transformers; and manufactures and sells electric scooters. The company was formerly known as M and B Switchgears Limited and changed its name to Ujaas Energy Limited in August 2013. Ujaas Energy Limited was founded in 1979 and is headquartered in Indore, India.

How the Company Makes Money

Ujaas Energy Limited generates revenue through multiple streams related to solar energy. The primary revenue model is based on the sale of electricity generated from its solar power plants, which are often sold to various state electricity boards under long-term power purchase agreements (PPAs). Additionally, UEL earns income from the installation of solar rooftop systems for residential and commercial clients, which can provide significant margins. The company may also receive government incentives and subsidies for renewable energy projects, further enhancing its revenue. Strategic partnerships with technology providers and other stakeholders in the renewable energy ecosystem contribute to UEL's operational efficiency and market reach, ultimately impacting its earnings positively.

Ujaas Energy Limited Financial Statement Overview

Summary

Ujaas Energy Limited has shown improvements in profitability and financial stability, with better profit margins and a stronger balance sheet. However, revenue inconsistency and historical leverage issues pose challenges. Strong cash flow from operations is a positive, but liquidity management needs attention.

Income Statement

Ujaas Energy Limited has shown positive net profit margin and gross profit margin improvements in the most recent year, with a net income of 88.5 million and a gross profit of 219.3 million. However, revenue growth has been inconsistent, and EBIT has fluctuated significantly over the years, indicating operational challenges. The EBITDA margin remains stable, suggesting some control over operational expenses.

Balance Sheet

The company has improved its debt-to-equity ratio with lower total debt relative to equity, enhancing financial stability. The equity ratio indicates strong capitalization with stockholders' equity comprising a significant portion of total assets. However, the company still faces risks due to past high leverage and fluctuating net income affecting return on equity.

Cash Flow

Ujaas Energy Limited's cash flow performance has been strong, with significant operating cash flow improvements in previous years. The free cash flow growth rate has been highly positive. However, the volatility in free cash flow and dependency on operating cash flow for funding highlight potential liquidity risks.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	232.96M	269.35M	267.26M	297.76M	408.54M	332.66M
Gross Profit	169.42M	219.35M	30.36M	174.46M	174.71M	60.48M
EBITDA	101.80M	118.33M	164.61M	32.17M	-886.06M	-196.08M
Net Income	75.21M	88.50M	289.56M	-180.57M	-1.10B	-304.31M
Balance Sheet
Total Assets	0.00	1.13B	1.11B	3.03B	3.07B	3.16B
Cash, Cash Equivalents and Short-Term Investments	146.56M	147.67M	162.99M	21.35M	73.25M	15.31M
Total Debt	0.00	240.00M	185.07M	1.06B	1.05B	1.11B
Total Liabilities	-854.86M	272.29M	214.69M	2.54B	2.39B	1.38B
Stockholders Equity	854.86M	854.86M	891.36M	497.14M	677.18M	1.78B
Cash Flow
Free Cash Flow	0.00	20.00M	1.25B	-5.22M	71.92M	9.26M
Operating Cash Flow	0.00	27.76M	1.25B	-4.71M	71.95M	9.35M
Investing Cash Flow	0.00	-66.36M	-41.14M	-36.77M	-9.18M	-13.32M
Financing Cash Flow	0.00	51.90M	-1.21B	-6.81M	-8.45M	-11.15M

Ujaas Energy Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 138.65
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UEL, the sentiment is Negative. The current price of 138.65 is below the 20-day moving average (MA) of 141.43, above the 50-day MA of 136.97, and above the 200-day MA of 112.27, indicating a neutral trend. The MACD of -3.37 indicates Positive momentum. The RSI at 22.58 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:UEL.

Ujaas Energy Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TDPOWERSYS	68 Neutral	₹105.07B	50.45	―	0.23%	40.14%	53.51%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
WEBELSOLAR	61 Neutral	₹35.09B	17.44	―	―	152.12%	―
SWELECTES	57 Neutral	₹8.90B	26.32	―	0.47%	39.01%	-42.51%
UEL	50 Neutral	₹17.58B	801.02	―	―	-0.98%	-72.12%
BORORENEW	46 Neutral	₹69.96B	-35.17	―	―	7.68%	-114.23%
SWSOLAR	43 Neutral	₹46.39B	-12.36	―	―	112.24%	-474.43%

Ujaas Energy Limited Corporate Events

Ujaas Energy Reports Financial Results with Notable Discrepancies

Ujaas Energy Limited announced its unaudited financial results for the quarter and half-year ending September 30, 2025. The Board of Directors approved these results, which highlighted a discrepancy in accrued interest income on fixed deposits with Axis Bank, leading to a difference between the company’s books and bank confirmations. Additionally, there is an emphasis on the resolution plan approved by NCLT, which settled all borrowings, yet Axis Bank has not updated its records, resulting in an outstanding balance discrepancy.

Ujaas Energy Approves Corrections Ahead of EOGM

Ujaas Energy Limited’s board meeting on November 27, 2025, resulted in the approval of corrections to typographical errors in the notice for the upcoming Extraordinary General Meeting (EOGM) and the issuance of a corrigendum. This decision reflects the company’s commitment to maintaining transparency and accuracy in its communications with stakeholders, potentially impacting its operational integrity and stakeholder trust.

Ujaas Energy Board Approves EOGM Notice Corrections

Ujaas Energy Limited’s Board of Directors held a meeting on November 27, 2025, where they approved rectifying typographical errors in the notice for an upcoming Extraordinary General Meeting (EOGM) and authorized the issuance of a corrigendum. This decision is part of the company’s ongoing efforts to ensure accurate communication with stakeholders and maintain compliance with regulatory requirements, reflecting its commitment to transparency and operational integrity.

Ujaas Energy Issues Corrigendum for Upcoming EGM

Ujaas Energy Limited has issued a corrigendum to its Extraordinary General Meeting (EGM) notice, scheduled for December 1, 2025, to address observations raised by the NSE and rectify typographical errors. The corrigendum, which includes modifications to the proposed allotment of equity shares, is part of the company’s compliance with regulatory requirements and aims to ensure clarity for shareholders and stakeholders.

Ujaas Energy Board Approves Key Compliance Measures

Ujaas Energy Limited’s Board of Directors approved key decisions in their recent meeting, including a corrigendum to the EOGM notice and a valuation report as of September 30, 2025. These actions are part of the company’s ongoing compliance and communication with stakeholders, reflecting its commitment to transparency and regulatory adherence.

Ujaas Energy Introduces E-Voting for Upcoming General Meeting

Ujaas Energy Limited has announced the provision of remote e-voting facilities for its upcoming Extra-Ordinary General Meeting scheduled for December 1, 2025. This initiative, in compliance with SEBI regulations, allows shareholders to participate in decision-making processes electronically, reflecting the company’s commitment to enhancing shareholder engagement and transparency.

Ujaas Energy Announces Capital Increase and Share Issuance Plans

Ujaas Energy Limited has announced a significant decision from its board meeting held on November 3, 2025, to increase its authorized share capital from ₹45 crore to ₹52 crore. Additionally, the company plans a preferential issue of 12.75 crore equity shares to non-promoter investors at a price of ₹11 per share, subject to shareholder and regulatory approvals. This move aims to raise approximately ₹140.33 crore, enhancing the company’s capital structure and potentially strengthening its market position. Furthermore, the board approved issuing up to 24 crore equity shares to SVA Family Welfare Trust to maintain minimum public shareholding requirements, contingent on the successful completion of the preferential allotment.

Ujaas Energy Boosts Capital Structure with Strategic Equity Issuance

Ujaas Energy Limited’s Board of Directors has approved several strategic financial initiatives aimed at strengthening the company’s capital structure. The board has decided to increase the company’s authorized share capital and approved a preferential issue of equity shares to non-promoter investors, raising significant capital. Additionally, the company plans to issue equity shares to the SVA Family Welfare Trust to convert a loan into equity, ensuring compliance with public shareholding norms. These measures are expected to enhance Ujaas Energy’s financial flexibility and support its growth objectives in the renewable energy sector.