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Ujaas Energy Limited (UEL) AI Stock Analysis

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IN:UEL

Ujaas Energy Limited

(NSE:UEL)

Select Model
Rating:61Neutral
Price Target:INR 195.00â–²(8.30% Upside)
Action:reiterated
Date:09/07/26

The overall score is constrained by an extremely high valuation and weak income statement performance, which are partially offset by a strong balance sheet and bullish technical momentum. The company's financial foundation is solid, but operational profitability must improve to justify the current stock price.

Positive Factors
Lower LeverageThe substantial reduction in debt-to-equity improves financial flexibility and lowers balance-sheet pressure compared with prior years. A more moderate leverage profile can support investment in solar projects, reduce financing strain, and improve resilience if operating performance remains uneven.
Negative Factors
Revenue ContractionA revenue decline of roughly 29% signals weaker recent business activity and raises questions about the consistency of project execution and customer demand. Persistent top-line contraction would reduce operating scale, limit reinvestment capacity, and make future earnings less predictable.

Ujaas Energy Limited (UEL) vs. iShares MSCI India ETF (INDA)

-25%0%25%50%75%100%125%IN:UEL+43.24%INDA-5.86%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 24.43B
Dividend Yield
―
Average Volume (3M)
6,222
Price to Earnings (P/E)
367.2
Beta (1Y)
1.24
Revenue Growth
-25.96%
EPS Growth
215.87%
Country
India
Employees
77
Sector
General
Sector Strength
55
Industry
Independent Power Producers

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, owns,...

Ujaas Energy Limited Financial Statement Overview

Summary

Financial health is mixed. The balance sheet is robust with a low debt-to-equity ratio of 0.27, but the income statement shows a 29% revenue decline and unprofitable core operations. Positive operating cash flow provides some support, though debt coverage is modest.

Income Statement

35Negative

Balance Sheet

85Very Positive

Cash Flow

60Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue173.59M166.38M269.35M267.26M297.76M408.54M
Gross Profit87.12M75.50M219.35M30.36M174.46M174.71M
EBITDA-6.70M-39.22M118.33M164.61M32.17M-886.06M
Net Income65.86M31.63M88.50M289.56M-180.57M-1.10B
Balance Sheet
Total Assets1.23B1.17B1.13B1.11B3.03B3.07B
Cash, Cash Equivalents and Short-Term Investments245.34M174.38M147.67M162.99M21.35M73.25M
Total Debt240.00M240.00M240.00M185.07M1.06B1.05B
Total Liabilities285.74M284.39M272.29M214.69M2.54B2.39B
Stockholders Equity945.74M886.65M854.86M891.36M497.14M677.18M
Cash Flow
Free Cash Flow082.96M20.00M1.25B-5.22M71.92M
Operating Cash Flow083.31M27.76M1.25B-4.71M71.95M
Investing Cash Flow0-81.30M-66.36M-41.14M-36.77M-9.18M
Financing Cash Flow0051.90M-1.21B-6.81M-8.45M

Ujaas Energy Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price180.05

Price Trends

50DMA194.59Negative
100DMA180.14Positive
200DMA167.30Positive

Market Momentum

MACD-1.59Negative
RSI48.29Neutral
STOCH39.35Neutral

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 180.05 is below the 20-day moving average (MA) of 184.53, below the 50-day MA of 194.59, and above the 200-day MA of 167.30, indicating a neutral trend. The MACD of -1.59 indicates Negative momentum. The RSI at 48.29 is Neutral, neither overbought nor oversold. The STOCH value of 39.35 is Neutral, 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:UEL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:WEBELSOLARIN:WEBELSOLAR78OutperformINR 31.47B8.95―0.35%97.39%67.02%
IN:WAAREEENERIN:WAAREEENER66NeutralINR 737.83B19.83―0.08%75.43%38.62%
IN:UELIN:UEL61NeutralINR 24.61B367.21――-25.96%215.87%
IN:PREMIERENEIN:PREMIERENE61NeutralINR 404.92B22.82―0.14%32.46%48.22%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:SWSOLARIN:SWSOLAR39UnderperformINR 37.17B17.65――-9.04%―

* General Sector Average

Performance Comparison

-50%0%50%100%IN:UELIN:GENSOLIN:PREMIERENEIN:SWSOLARIN:WAAREEENERIN:WEBELSOLARDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:UEL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:UELUjaas Energy Limited180.0554.3543.24%
IN:GENSOLGensol Engineering Limited10.25-21.26-67.47%
IN:PREMIERENEPremier Energies Limited896.90-117.23-11.56%
IN:SWSOLARSterling And Wilson Renewable Energy Limited155.05-77.80-33.41%
IN:WAAREEENERWAAREE Energies Limited2544.00-756.01-22.91%
IN:WEBELSOLARWebsol Energy System Limited71.16-54.97-43.58%

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 to inside...

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.

Date of analysis: Sep 07, 2026