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Ujaas Energy Limited
(UEL)
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Rating:61Neutral
Price Target:
₹180.00
▲(49.94% Upside)
Action:Reiterated
Date:09/07/26
The score is anchored by mixed financial performance—improved leverage and positive FY2026 free cash flow, but sharp FY2026 revenue decline and negative operating profitability create durability risk. Technicals are a major positive with a strong uptrend and bullish momentum, while valuation is a significant negative due to the extremely high P/E and no stated dividend support.
Positive Factors
Improved Balance Sheet
The substantial reduction in leverage improves financial flexibility and lowers the balance-sheet burden on future operations. A debt-to-equity ratio near 0.27x gives UEL more capacity to withstand volatility, fund solar activities, and allocate cash without relying as heavily on creditors.
Negative Factors
Sharp Revenue Decline
A roughly 29% annual revenue decline signals that UEL’s current top-line base is not yet consistently expanding. Sustained weakness in project or power-related revenue could reduce operating scale, constrain reinvestment, and make future earnings more dependent on irregular contracts or project timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Balance Sheet
The substantial reduction in leverage improves financial flexibility and lowers the balance-sheet burden on future operations. A debt-to-equity ratio near 0.27x gives UEL more capacity to withstand volatility, fund solar activities, and allocate cash without relying as heavily on creditors.
Read all positive factors
Ujaas Energy Limited (UEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹22.76B
Dividend Yield43.58%
Average Volume (3M)5.10K
Price to Earnings (P/E)599.2
Beta (1Y)1.56
Revenue Growth-26.93%
EPS Growth72.37%
CountryIN
Employees77
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.28
Shares Outstanding133,397,810
10 Day Avg. Volume4,857
30 Day Avg. Volume5,104
Financial Highlights & Ratios
PEG Ratio-7.73
Price to Book (P/B)19.60
Price to Sales (P/S)104.46
P/FCF Ratio209.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ujaas Energy Limited Business Overview & Revenue Model
Company Description
Ujaas Energy Limited engages in the generation of solar power in India. It operates through Solar Power Generation and Maintenance; Manufacturing and Sale of Solar Power Plant; and Electric Vehicle (EV) segments. The company develops, operates, ow...
How the Company Makes Money
UEL primarily makes money through solar-related business lines. These typically include: (1) revenue from generating electricity at solar power plants it owns/operates and selling that power under power purchase arrangements; (2) revenue from exec...
Ujaas Energy Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
64
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 170.22M | 166.38M | 269.35M | 267.26M | 297.76M | 408.54M |
| Gross Profit | 91.61M | 75.50M | 219.35M | 30.36M | 174.46M | 174.71M |
| EBITDA | -6.50M | -39.22M | 118.33M | 164.61M | 32.17M | -886.06M |
| Net Income | 39.27M | 31.63M | 88.50M | 289.56M | -180.57M | -1.10B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.17B | 1.13B | 1.11B | 3.03B | 3.07B |
| Cash, Cash Equivalents and Short-Term Investments | 174.38M | 174.38M | 147.67M | 162.99M | 21.35M | 73.25M |
| Total Debt | 0.00 | 240.00M | 240.00M | 185.07M | 1.06B | 1.05B |
| Total Liabilities | -886.65M | 284.39M | 272.29M | 214.69M | 2.54B | 2.39B |
| Stockholders Equity | 886.65M | 886.65M | 854.86M | 891.36M | 497.14M | 677.18M |
Cash Flow | ||||||
| Free Cash Flow | 13.29M | 82.96M | 20.00M | 1.25B | -5.22M | 71.92M |
| Operating Cash Flow | 13.52M | 83.31M | 27.76M | 1.25B | -4.71M | 71.95M |
| Investing Cash Flow | -14.54M | -81.30M | -66.36M | -41.14M | -36.77M | -9.18M |
| Financing Cash Flow | -479.00K | 0.00 | 51.90M | -1.21B | -6.81M | -8.45M |
Ujaas Energy Limited Technical Analysis
Negative
120.05
Price Trends
200.25
Negative
174.20
Negative
163.73
Positive
Market Momentum
-5.18
Positive
39.96
Neutral
5.60
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 120.05 is below the 20-day moving average (MA) of 186.50, below the 50-day MA of 200.25, and below the 200-day MA of 163.73, indicating a neutral trend. The MACD of -5.18 indicates Positive momentum. The RSI at 39.96 is Neutral, neither overbought nor oversold. The STOCH value of 5.60 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹26.27B | 3.55 | ― | 0.41% | 76.28% | 54.75% | |
62 Neutral | ₹400.39B | 23.11 | ― | 0.17% | 26.70% | 58.85% | |
61 Neutral | ₹22.76B | 599.19 | ― | 43.58% | -26.93% | 72.37% | |
61 Neutral | ₹673.39B | 17.75 | ― | 0.17% | 94.31% | 74.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹33.26B | 16.19 | ― | 3.25% | -9.04% | ― |
* General Sector Average
IN:UEL
Ujaas Energy Limited
170.65
50.60
42.15%
IN:GENSOL
Gensol Engineering Limited
10.71
-22.73
-67.97%
IN:PREMIERENE
Premier Energies Limited
882.00
-217.74
-19.80%
IN:SWSOLAR
Sterling And Wilson Renewable Energy Limited
142.40
-89.35
-38.55%
IN:WAAREEENER
WAAREE Energies Limited
2,341.00
-1,241.48
-34.65%
IN:WEBELSOLAR
Websol Energy System Limited
60.50
-61.80
-50.53%
Ujaas Energy Limited Corporate Events
Ujaas Energy Closes Trading Window Ahead of September Quarter Results
Sep 25, 2026
Ujaas Energy Limited has announced the closure of its trading window for company securities starting October 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of conduct.The restriction will apply ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.