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Ujaas Energy Limited
(UEL)
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Rating:61Neutral
Price Target:
₹257.00
▲(114.08% 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
Lower leverage
The substantial reduction in leverage strengthens UEL’s financial flexibility and reduces the balance-sheet burden carried by the solar business. With sizeable equity supporting the capital structure, the company is better positioned to fund projects and withstand periods of weaker profitability.
Negative Factors
Revenue contraction
A nearly 29% revenue decline signals weaker project or operating activity and reduces visibility into the company’s near-term growth trajectory. Sustained contraction would limit operating leverage, constrain reinvestment capacity, and make it harder to build a durable earnings base.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower leverage
The substantial reduction in leverage strengthens UEL’s financial flexibility and reduces the balance-sheet burden carried by the solar business. With sizeable equity supporting the capital structure, the company is better positioned to fund projects and withstand periods of weaker profitability.
Read all positive factors
Ujaas Energy Limited (UEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹32.47B
Dividend Yield43.58%
Average Volume (3M)21.72K
Price to Earnings (P/E)847.7
Beta (1Y)1.19
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. Volume16,268
30 Day Avg. Volume21,723
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
Positive
120.05
Price Trends
176.37
Positive
162.25
Positive
156.02
Positive
Market Momentum
11.41
Negative
60.43
Neutral
92.02
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UEL, the sentiment is Positive. The current price of 120.05 is below the 20-day moving average (MA) of 216.28, below the 50-day MA of 176.37, and below the 200-day MA of 156.02, indicating a bullish trend. The MACD of 11.41 indicates Negative momentum. The RSI at 60.43 is Neutral, neither overbought nor oversold. The STOCH value of 92.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹32.41B | 4.35 | ― | 0.00% | 76.28% | 54.75% | |
62 Neutral | ₹453.04B | 27.13 | ― | 0.15% | 26.70% | 58.85% | |
61 Neutral | ₹32.47B | 847.72 | ― | 43.58% | -26.93% | 72.37% | |
61 Neutral | ₹758.25B | 19.86 | ― | 0.16% | 94.31% | 74.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | ₹43.49B | -15.21 | ― | 3.25% | 3.19% | -362.93% |
* General Sector Average
IN:UEL
Ujaas Energy Limited
231.25
125.40
118.47%
IN:GENSOL
Gensol Engineering Limited
17.26
-18.39
-51.58%
IN:PREMIERENE
Premier Energies Limited
989.50
-4.87
-0.49%
IN:SWSOLAR
Sterling And Wilson Renewable Energy Limited
185.00
-80.70
-30.37%
IN:WAAREEENER
WAAREE Energies Limited
2,596.00
-580.42
-18.27%
IN:WEBELSOLAR
Websol Energy System Limited
75.21
-54.39
-41.97%
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.