Urja Global Limited (URJA) AI Stock Analysis

Urja Global Limited

(NSE:URJA)

Select Model

Rating:40Underperform

Price Target:INR 7.50▼(-6.72% Downside)

Action:downgraded

Date:08/26/26

The score is driven down primarily by weak cash-flow quality (negative operating cash flow despite reported profits) and compressed profitability, with only the low-leverage balance sheet offering partial support. Technicals are also weak with price below major moving averages and negative MACD. Valuation further pressures the score due to an extremely high P/E and no dividend yield support.

Positive Factors

Conservative leverageVery low leverage provides financial stability and reduces the burden of interest and refinancing obligations. This gives Urja Global more flexibility to withstand operating volatility and preserve capacity for investment in its solar and power-products activities.

Negative Factors

Weak operating cash flowPersistent negative operating cash flow shows that reported profits are not converting reliably into cash. Continued weak conversion can increase reliance on funding or working-capital support, limiting financial flexibility and reducing the quality of earnings.

Urja Global Limited (URJA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 4.22B
Dividend Yield: ―
Average Volume (3M): 115.58K
Price to Earnings (P/E): 306.9
Beta (1Y): 0.99
Revenue Growth: -18.75%
EPS Growth: -0.54%
Country: India
Employees: 45
Sector: General
Sector Strength: 55
Industry: Solar

Urja Global Limited Business Overview & Revenue Model

Company Description

Established in New Delhi, India, in 1992, Urja Global Limited operates as a comprehensive provider of solar energy solutions. The company manages the entire lifecycle of solar projects across India, from initial design and consultation to integration...

Urja Global Limited Financial Statement Overview

Summary

Overall financial quality is weak. Income statement trends are uneven with sharp margin compression (gross margin ~11% vs ~21% prior year) and low net margin (~2%). While leverage is conservative (debt-to-equity ~0.05), cash generation is a major red flag with operating cash flow negative in most years and worsening to about -260M in FY2026 despite positive net income, undermining earnings quality.

Income Statement

46Neutral

Balance Sheet

74Positive

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	616.51M	667.01M	672.47M	444.69M	395.80M	729.66M
Gross Profit	63.05M	73.29M	140.41M	105.67M	64.93M	48.71M
EBITDA	22.03M	21.31M	20.26M	40.43M	33.88M	22.69M
Net Income	20.55M	13.35M	12.72M	20.36M	15.25M	7.70M
Balance Sheet
Total Assets	0	2.48B	2.91B	2.83B	2.85B	5.65B
Cash, Cash Equivalents and Short-Term Investments	7.31M	7.31M	34.86M	12.39M	5.78M	55.38M
Total Debt	0	92.32M	82.91M	50.15M	238.82M	108.56M
Total Liabilities	-1.91B	569.79M	1.01B	942.43M	1.04B	3.85B
Stockholders Equity	1.91B	1.77B	1.75B	1.74B	1.72B	1.70B
Cash Flow
Free Cash Flow	-164.18M	0	-65.15M	-86.37M	-96.88M	-104.57M
Operating Cash Flow	-164.18M	-260.03M	-65.15M	-86.37M	9.19M	-82.99M
Investing Cash Flow	124.17M	223.22M	63.48M	66.39M	6.50M	-7.85M
Financing Cash Flow	9.38M	9.25M	24.14M	26.59M	-10.99M	87.47M

Urja Global Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price8.04

Price Trends

50DMA8.75Negative

100DMA9.22Negative

200DMA9.67Negative

Market Momentum

MACD-0.22Negative

RSI38.87Neutral

STOCH58.59Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:URJA, the sentiment is Negative. The current price of 8.04 is below the 20-day moving average (MA) of 8.26, below the 50-day MA of 8.75, and below the 200-day MA of 9.67, indicating a bearish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 38.87 is Neutral, neither overbought nor oversold. The STOCH value of 58.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:URJA.

Urja Global Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:URJA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:UEL	62Neutral	INR 24.84B	653.65	―	―	-25.96%	215.87%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SWSOLAR	45Neutral	INR 31.82B	15.49	―	―	-9.04%	―
IN:SWELECTES	44Neutral	INR 8.85B	20.90	―	0.60%	-10.86%	55.28%
IN:URJA	40Underperform	INR 4.22B	306.87	―	―	-18.75%	-0.54%
IN:SURANASOL	36Underperform	INR 1.06B	16.07	―	―	144.37%	7620.69%

* General Sector Average

Performance Comparison

IN:URJA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:URJA	Urja Global Limited	8.04	-4.99	-38.30%
IN:GENSOL	Gensol Engineering Limited	9.96	-22.23	-69.06%
IN:SURANASOL	Surana Solar Limited	21.56	-9.77	-31.18%
IN:SWELECTES	Swelect Energy Systems Limited	584.00	-212.90	-26.72%
IN:SWSOLAR	Sterling And Wilson Renewable Energy Limited	136.25	-102.45	-42.92%
IN:UEL	Ujaas Energy Limited	186.20	60.15	47.72%

Urja Global Limited Corporate Events

Urja Global Reports Nil Cases Under SEBI Special Window for Physical Share Transfers

Oct 23, 2026

Urja Global Limited has notified the stock exchanges that it has submitted a status report from its registrar and transfer agent on transfer requests for physical shares re-lodged under SEBI’s special window for transfer-cum-demat. The filing,...

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: Aug 26, 2026

Urja Global Limited AI Stock Analysis