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Urja Global Limited (IN:URJA)
:URJA
India Market
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Urja Global Limited (URJA) AI Stock Analysis

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IN:URJA

Urja Global Limited

(URJA)

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Underperform 40 (OpenAI - Gpt-5.6Sol)
Rating:40Underperform
Price Target:
₹9.00
▼(-1.96% 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
Low Leverage
Very low leverage reduces mandatory financing costs and leaves greater balance-sheet flexibility for working capital, investment, or business volatility. This provides a durable financial cushion even though earnings efficiency remains limited.
Negative Factors
Negative Operating Cash Flow
Persistent negative operating cash flow means reported profits are not translating into cash generation. This raises working-capital and funding risk, potentially limiting the company’s ability to finance growth without relying on additional external resources.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage reduces mandatory financing costs and leaves greater balance-sheet flexibility for working capital, investment, or business volatility. This provides a durable financial cushion even though earnings efficiency remains limited.
Read all positive factors

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

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 integrat...
How the Company Makes Money
Urja Global Limited primarily makes money by selling renewable/alternative energy products and solutions (notably solar-related equipment and systems) to customers, generating revenue from product sales and, where applicable, associated project/sy...

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
46
Neutral
Balance Sheet
74
Positive
Cash Flow
22
Negative
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue616.51M667.01M672.47M444.69M395.80M729.66M
Gross Profit63.05M73.29M140.41M105.67M64.93M48.71M
EBITDA22.03M21.31M20.26M40.43M33.88M22.69M
Net Income20.55M13.35M12.72M20.36M15.25M7.70M
Balance Sheet
Total Assets0.002.48B2.91B2.83B2.85B5.65B
Cash, Cash Equivalents and Short-Term Investments7.31M7.31M34.86M12.39M5.78M55.38M
Total Debt0.0092.32M82.91M50.15M238.82M108.56M
Total Liabilities-1.91B569.79M1.01B942.43M1.04B3.85B
Stockholders Equity1.91B1.77B1.75B1.74B1.72B1.70B
Cash Flow
Free Cash Flow-164.18M0.00-65.15M-86.37M-96.88M-104.57M
Operating Cash Flow-164.18M-260.03M-65.15M-86.37M9.19M-82.99M
Investing Cash Flow124.17M223.22M63.48M66.39M6.50M-7.85M
Financing Cash Flow9.38M9.25M24.14M26.59M-10.99M87.47M

Urja Global Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price9.18
Price Trends
50DMA
9.42
Negative
100DMA
10.07
Negative
200DMA
10.24
Negative
Market Momentum
MACD
-0.11
Positive
RSI
42.26
Neutral
STOCH
43.55
Neutral
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 9.18 is below the 20-day moving average (MA) of 9.33, below the 50-day MA of 9.42, and below the 200-day MA of 10.24, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 42.26 is Neutral, neither overbought nor oversold. The STOCH value of 43.55 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
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
₹32.47B847.7243.58%-26.93%72.37%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
51
Neutral
₹1.29B20.053.05%21.58%
50
Neutral
₹8.68B20.410.61%-10.86%55.28%
44
Neutral
₹43.49B-15.213.25%3.19%-362.93%
40
Underperform
₹4.83B350.76-18.75%-0.54%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:URJA
Urja Global Limited
9.19
-4.93
-34.92%
IN:GENSOL
Gensol Engineering Limited
17.46
-18.19
-51.02%
IN:SURANASOL
Surana Solar Limited
26.19
-10.53
-28.68%
IN:SWELECTES
Swelect Energy Systems Limited
572.50
-205.41
-26.41%
IN:SWSOLAR
Sterling And Wilson Renewable Energy Limited
186.20
-79.50
-29.92%
IN:UEL
Ujaas Energy Limited
243.40
137.55
129.95%
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