Ujaas Energy Limited
NSE: UEL · Power Generation · sector
₹170.94NSE close 2026-10-26
Key numbers
Market cap₹2,280 cr
Price₹170.94
52w high / low₹284 / ₹110
P/E603.3xSector median 18.7x
P/B25.7xSector median 1.5x
Book value₹6.7
Dividend yield–Sector median 1.39%
ROE4.5%Sector median 4.5%
ROCE5.4%Sector median 6.2%
OPM-20.4%Sector median 33.3%
Debt / equity0.27xSector median 0.90x
EV/EBITDA–Sector median 9.8x
Interest cover48.4x
Current ratio2.65x
Sales growth 3y–Sector median +3.1%
Profit growth 3y–Sector median +19.3%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 35 companies in Power Generation (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹17 cr vs borrowings ₹24 cr (FY26): borrowings are higher by ₹7 cr.
- Operating profit covered interest 48.4x in the last 12 months.
- Promoter holding fell by 15.02 percentage points in a year, to 74.96% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 3 years (FY25).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 255% of net profit in the last 12 months.
- Debtor days went from 365 (FY24) to 487 (FY26).
- No dividend in the last 3 financial years.
- Price ₹170.94 on 2026-10-26: -39.9% from the 52-week high, +55.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹643.15 · low ₹117.25
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 8 | 8 | 3 | 5 | 3 | 6 | 3 |
| EBITDA | -0 | 3 | 1 | -3 | 1 | -1 | -1 | -3 |
| OPM % | -3.4% | 41.6% | 8.0% | -122.3% | 10.7% | -18.9% | -9.8% | -92.1% |
| Other income | 2 | 4 | -2 | 7 | 1 | 1 | 1 | 7 |
| Net profit | 1 | 4 | 0 | 2 | 0 | 0 | 0 | 3 |
| EPS (₹) | 0.01 | 0.07 | 0.01 | 0.07 | 0.00 | 0.01 | 0.03 | 0.24 |
| Revenue YoY | +3.4% | -57.3% | -27.4% | +14.3% | ||||
| Profit YoY | -87.5% | -95.9% | +40.0% | +30.5% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 27 | 27 | 17 | 17 |
| EBITDA | -10 | 4 | -4 | -3 |
| Net profit | 29 | 9 | 3 | 4 |
| EPS (₹) | 0.58 | 0.16 | 0.24 | 0.28 |
| Revenue growth | +0.8% | -38.2% | -26.9% | |
| Profit growth | -69.4% | -64.3% | -47.8% | |
| Dividend / share (₹) | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | -26.9% |
| Net profit | – | – | -47.8% |
| EPS | – | – | – |
| Share price | – | +14.1% (2y) | +42.9% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 89 | 85 | 89 |
| Borrowings | 19 | 24 | 24 |
| Cash & equivalents | 16 | 15 | 17 |
| Total assets | 111 | 113 | 117 |
| Fixed assets | 29 | 30 | 29 |
| Capital work in progress | – | 0 | 0 |
| Investments | 0 | 0 | 0 |
| Receivables | 27 | 24 | 22 |
| Inventory | 10 | 12 | 12 |
| Payables | 1 | 1 | 1 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | 125 | 0 | 4 |
| Cash from investing | -4 | -7 | -4 |
| Cash from financing | -121 | 5 | -0 |
| Capex | 0 | 1 | 0 |
| Free cash flow | 125 | -1 | 4 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 32.5% | 10.4% | 3.6% |
| ROCE % | 8.3% | 10.4% | 4.4% |
| Debtor days | 365 | 324 | 487 |
| Inventory days | 265 | 904 | 868 |
| Payable days | 26 | 59 | 62 |
| Cash conversion cycle (days) | 604 | 1,169 | 1,293 |
| Working capital days | 491 | 532 | 1,012 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.96% |
| Public (non-institutions) | 25.04% |
| Quarter | Jun 2025 | Jun 2025 | Sep 2025 | Oct 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 89.98% | 89.98% | 89.98% | 74.96% | 74.96% | 74.96% | 74.96% | 74.96% |
| Promoter group | % |
|---|---|
| SVA Family Welfare Trust (Represented by Vandana Mundra) | 74.21% |
| M & B Switchgear (Represented by Anurag Mundra) | 0.75% |
| Vandana Mundra | 0.00% |
| Anurag Shyamsunder Munddra | 0.00% |
| Vikalp Shyamsunder Mundra | 0.00% |
| Shyamsunder Gendalal Mundra | 0.00% |
| Geeta Mundra | 0.00% |
| Sarita Mundra | 0.00% |
| Vikalp S Mundra HUF | 0.00% |
| Anurag S Mundra HUF | 0.00% |
| Public holders above 1% | % |
|---|---|
| Swastika FIN Mart Private Limited | 23.56% |
49,200 shareholders. Pledged: – of promoter shares.
Peers in Power Generation
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| NTPC | ₹2,90,900 cr | 10.5x | 1.4x | 14.3% | 8.7% | 30.9% | +2.1% | 3.01% |
| ADANIGREEN | ₹2,05,875 cr | 113.6x | 9.5x | 9.1% | 7.3% | 86.3% | +18.4% | 0.16% |
| JSWENERGY | ₹82,396 cr | 40.1x | 2.7x | 6.8% | 7.2% | 53.2% | +22.3% | 0.44% |
| NHPC | ₹70,878 cr | 18.7x | 1.7x | 9.4% | 5.0% | 47.4% | +3.1% | 3.33% |
| NTPCGREEN | ₹68,877 cr | 115.1x | 3.6x | 3.2% | 3.6% | 87.1% | – | – |
| NLCINDIA | ₹31,803 cr | 9.6x | 1.5x | 15.7% | 9.0% | 33.3% | +2.7% | 2.31% |
| ACMESOLAR | ₹26,965 cr | 39.0x | 5.3x | 12.6% | 8.6% | 87.6% | – | 0.09% |
| SJVN | ₹19,256 cr | 30.2x | 1.4x | 4.5% | 5.5% | 69.8% | +15.5% | 2.97% |
| CLEANMAX | ₹13,612 cr | 127.6x | 2.9x | 2.0% | 5.4% | 59.2% | – | – |
| UEL | ₹2,280 cr | 603.3x | 25.7x | 4.5% | 5.4% | -20.4% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| (a) Solar Power Plant Operation | ₹17 cr | 65.6% | ₹3 cr | 15.1% |
| (b) Manufacturing and sale of Solar Power Systems | ₹6 cr | 22.0% | ₹3 cr | 49.2% |
| (d) Un-allocable Income | ₹3 cr | 11.3% | ₹0 cr | 7.0% |
| (c) EV | ₹0 cr | 1.1% | ₹-1 cr | -226.7% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-10-10 | Bonus | Bonus 2:1 |
| 2025-05-30 | Bonus | Bonus 17:25 |
| 2024-09-20 | Bonus | Bonus 1:4 |
| 2024-08-09 | Other | Annual General Meeting |
| 2024-05-22 | Restructuring | Demerger |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Operation and Maintenance of Solar Plants: Operation and Maintenance of Solar Plants
| Sector | Utilities |
| Industry | Power Generation |
| Sub-industry | Power Generation |
| Symbol | UEL |
| BSE code | 533644 |
| ISIN | INE899L01030 |
| Face value | ₹1.0 |
| Incorporated | 1999-06-09 |
| Website | www.ujaas.com |
| Plants (India / abroad) | 13 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.