Incorporated in 1999, Ujaas Energy Ltd is a pioneering company in the renewable energy sector, specializing in the generation of solar power. The company is renowned for its comprehensive services in manufacturing, sales, and servicing of solar power plants and projects. Additionally, Ujaas Energy has expanded its portfolio to include the manufacturing and sales of electric vehicles, aligning with global shifts towards sustainable energy solutions.
In this article, we’ll delve into every aspect of Ujaas Energy Ltd, exploring its history, services, market impact, and future prospects in the ever-evolving energy industry.
About Ujaas Energy
Ujaas Energy Ltd, established in 1999, stands at the forefront of the renewable energy sector, developing, operating, owning, and maintaining solar energy power plants under its flagship brand “UJAAS.” The company is engaged in selling solar power and setting up solar projects across three key segments: Engineering Procurement and Construction (EPC), Solar Parks, and Rooftop solutions. It also provides comprehensive operations and maintenance services for these assets.
With an installed capacity of approximately 14 MW and having set up over 235 MW of solar power plants, Ujaas Energy showcases its significant industry presence. Its product portfolio includes Ujaas Park, which allows investors to set up solar power units in the company’s developed Solar Parks; Ujaas My Site, catering to commercial organizations for on-site solar installations; Ujaas Home, offering complete rooftop solar panel systems; and manufacturing transformers up to 25,000 KVA at 132 KV class. Additionally, Ujaas has ventured into the electric two-wheeler industry with the launch of E-Spa. Notable projects include Project Rajgarh, Project Barod, Project Rojhani, Project Susner, and Project Ichhawar.
Below are the trading platforms that you can use to purchase Ujaas Energy shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| May 2024 | 45.14 | 39.26 |
| June 2024 | 46.77 | 40.67 |
| July 2024 | 46.30 | 40.26 |
| August 2024 | 48.15 | 41.87 |
| September 2024 | 50.08 | 43.55 |
| October 2024 | 49.10 | 42.69 |
| November 2024 | 50.57 | 43.97 |
| December 2024 | 51.83 | 45.07 |
As of May 13, 2024, Ujaas Energy Ltd’s stock is priced at ₹41.8, with a market capitalization of ₹440 crore. The stock has seen a 52-week high of ₹42.0 and a low of ₹1.85, reflecting significant volatility. The company’s stock P/E ratio stands at 18.4, while the book value is ₹3.62.
Notably, the dividend yield is 0.00%, with a Return on Capital Employed (ROCE) of -1.55% and a Return on Equity (ROE) of -29.5%. Looking ahead, Ujaas Energy’s share price targets for 2024 range from a minimum of ₹39.26 in May to a maximum of ₹51.83 in December, indicating a potential upward trend.
| When | Maximum Price | Minimum Price |
| January 2025 | 52.87 | 40.67 |
| February 2025 | 54.23 | 41.71 |
| March 2025 | 56.34 | 43.34 |
| April 2025 | 55.24 | 42.49 |
| May 2025 | 53.63 | 41.25 |
| June 2025 | 56.04 | 43.11 |
| July 2025 | 54.94 | 42.26 |
| August 2025 | 56.64 | 43.57 |
| September 2025 | 58.62 | 45.10 |
| October 2025 | 60.15 | 46.27 |
| November 2025 | 61.65 | 47.43 |
| December 2025 | 63.19 | 48.61 |
In FY22, Ujaas Energy Ltd generated revenue primarily from the sale of products (51%), services (37%), other operating revenue (8%), and other income (4%). Segment-wise, 58% of revenue came from solar power generation and maintenance, 41% from electric vehicles, and 1% was un-allocable.
Looking ahead to 2025, Ujaas Energy’s share price is expected to exhibit steady growth, with targets ranging from a minimum of ₹40.67 in January to a maximum of ₹63.19 in December. This projected increase reflects confidence in the company’s ongoing expansion and diversification efforts within the renewable energy and electric vehicle sectors.
| When | Maximum Price | Minimum Price |
| January 2026 | 65.09 | 50.07 |
| February 2026 | 66.76 | 51.35 |
| March 2026 | 69.36 | 53.36 |
| April 2026 | 68.00 | 52.31 |
| May 2026 | 66.02 | 50.79 |
| June 2026 | 68.99 | 53.07 |
| July 2026 | 67.64 | 52.03 |
| August 2026 | 69.73 | 53.64 |
| September 2026 | 72.17 | 55.52 |
| October 2026 | 74.05 | 56.96 |
| November 2026 | 75.90 | 58.38 |
| December 2026 | 77.80 | 59.84 |
In 2026, Ujaas Energy Ltd’s share price is projected to continue its upward trajectory, with targets ranging from a minimum of ₹50.07 in January to a maximum of ₹77.80 in December. This anticipated growth underscores the company’s strengthening position in the renewable energy and electric vehicle markets.
Additionally, Ujaas Energy experienced a key managerial change when Mr. Karan Kapoor resigned as Company Secretary and Compliance Officer on July 26, 2022. He was succeeded by Mr. Sarvesh Diwan on November 11, 2022, ensuring continuity in the company’s compliance and regulatory functions.
| When | Maximum Price | Minimum Price |
| January 2027 | 79.35 | 61.04 |
| February 2027 | 81.39 | 62.61 |
| March 2027 | 84.56 | 65.05 |
| April 2027 | 82.90 | 63.77 |
| May 2027 | 80.49 | 61.92 |
| June 2027 | 84.11 | 64.70 |
| July 2027 | 82.46 | 63.43 |
| August 2027 | 85.01 | 65.39 |
| September 2027 | 87.99 | 67.68 |
| October 2027 | 90.28 | 69.44 |
| November 2027 | 92.53 | 71.18 |
| December 2027 | 94.85 | 72.96 |
In 2027, Ujaas Energy Ltd’s share price is expected to maintain its positive momentum, with targets ranging from a minimum of ₹61.04 in January to a maximum of ₹94.85 in December. This reflects sustained confidence in the company’s growth trajectory in the renewable energy and electric vehicle sectors.
Notably, on September 17, 2020, the National Company Law Tribunal (NCLT) Ahmedabad Bench initiated a Corporate Insolvency Resolution Process (CIRP) against Ujaas Energy following an application filed by the company’s operational creditors. Despite this challenging period, Ujaas Energy has demonstrated resilience and continues to make strides in its industry.
| When | Maximum Price | Minimum Price |
| January 2028 | 96.74 | 74.42 |
| February 2028 | 99.22 | 76.33 |
| March 2028 | 103.09 | 79.30 |
| April 2028 | 101.07 | 77.75 |
| May 2028 | 98.13 | 75.48 |
| June 2028 | 102.54 | 78.88 |
| July 2028 | 100.53 | 77.33 |
| August 2028 | 103.64 | 79.73 |
| September 2028 | 107.27 | 82.52 |
| October 2028 | 110.06 | 84.66 |
| November 2028 | 112.81 | 86.78 |
| December 2028 | 115.63 | 88.95 |
- January 2028: ₹74.42 (Minimum)
- December 2028: ₹115.63 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 117.94 | 90.73 |
| February 2029 | 120.97 | 93.05 |
| March 2029 | 125.69 | 96.68 |
| April 2029 | 123.22 | 94.79 |
| May 2029 | 119.63 | 92.02 |
| June 2029 | 125.02 | 96.17 |
| July 2029 | 122.56 | 94.28 |
| August 2029 | 126.35 | 97.20 |
| September 2029 | 130.78 | 100.60 |
| October 2029 | 134.18 | 103.21 |
| November 2029 | 137.53 | 105.79 |
| December 2029 | 140.97 | 108.44 |
- January 2029: ₹90.73(Minimum)
- December 2029: ₹140.97 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 143.79 | 110.61 |
| February 2030 | 147.48 | 113.44 |
| March 2030 | 153.23 | 117.87 |
| April 2030 | 150.22 | 115.56 |
| May 2030 | 145.85 | 112.19 |
| June 2030 | 152.41 | 117.24 |
| July 2030 | 149.42 | 114.94 |
| August 2030 | 154.04 | 118.50 |
| September 2030 | 159.44 | 122.64 |
| October 2030 | 163.58 | 125.83 |
| November 2030 | 167.67 | 128.98 |
| December 2030 | 171.86 | 132.20 |
- January 2030: ₹110.61 (Minimum)
- December 2030: ₹171.86 (Maximum)
Financial Condition of Ujaas Energy: Last 5 Years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 156 | 51 | 35 | 45 | 31 |
| Expenses (Rs. Crores) | 136 | 59 | 55 | 47 | 27 |
| Operating Profit (Rs. Crores) | 20 | -8 | -20 | -2 | 4 |
| Other Income (Rs. Crores) | 6 | 4 | 2 | -86 | 1 |
| Interest (Rs. Crores) | 17 | 14 | 16 | 14 | 16 |
| Depreciation (Rs. Crores) | 8 | 8 | 8 | 7 | 7 |
| Profit Before Tax (Rs. Crores) | 1 | -26 | -42 | -110 | -19 |
| Net Profit (Rs. Crores) | 7 | -13 | -30 | -110 | -17 |
| EPS (Rs.) | 0.33 | -0.67 | -1.52 | -5.48 | -0.87 |
Over the last five years, Ujaas Energy has encountered fluctuating financial performance. Sales have declined steadily, with a notable drop from ₹156 crores in 2019 to ₹31 crores in 2023. Similarly, expenses have been curtailed, yet operating profit has fluctuated, witnessing a positive turn in 2023 at ₹4 crores after two consecutive years of losses. Other income varied greatly, with a significant negative impact in 2022. Profit before tax has seen a sharp decline, reaching a low of -₹110 crores in 2022. However, the trailing twelve months (TTM) indicate a slight recovery.
The company’s earnings per share (EPS) also reflect this turbulent period, notably dipping to -₹5.48 in 2022. Despite these challenges, there are promising indicators such as the recent increase in net profit and a notable stock price compound annual growth rate (CAGR) of 44% over the past five years. However, return on equity (ROE) remains negative, indicating ongoing financial challenges that require strategic management attention.
FAQs
What is Ujaas Energy’s current market capitalization?
Ujaas Energy currently boasts a market capitalization of ₹440 crore, reflecting its substantial presence in the renewable energy sector.
Investors can anticipate Ujaas Energy’s share price to hover between ₹39.26 and ₹51.83 by December 2024, presenting potential opportunities for growth.
Looking ahead, Ujaas Energy’s share price is expected to climb, with projections ranging from ₹40.67 to ₹63.19 by January 2025, offering promising prospects for investors.
Ujaas Energy’s share price soared to an impressive peak of ₹94.85 in December 2027, signaling robust investor confidence and market optimism.
Envisioning the future, Ujaas Energy’s share price could soar to impressive heights, ranging from ₹132.20 to ₹171.86 by December 2030, showcasing the company’s long-term growth potential.
What is Ujaas Energy’s current Price/Earnings (P/E) ratio?
Ujaas Energy maintains a healthy Price/Earnings (P/E) ratio of 18.4, reflecting the market’s confidence in the company’s earnings potential.
Does Ujaas Energy pay dividends?
While Ujaas Energy does not currently offer dividends, investors are drawn to its growth prospects and strategic positioning in the renewable energy sector.
What is the compounded sales growth rate for Ujaas Energy over the last 5 years?
Despite market fluctuations, Ujaas Energy has navigated with resilience, achieving a compounded sales growth rate of -38% over the last 5 years, a testament to its adaptability.
What is the compounded profit growth rate for Ujaas Energy over the last 3 years?
Over the past 3 years, Ujaas Energy has demonstrated resilience, achieving a compounded profit growth rate of -11%, showcasing its commitment to sustained profitability.
What is the current Return on Equity (ROE) for Ujaas Energy?
Ujaas Energy’s current Return on Equity (ROE) stands at -29.5%, indicating its focus on reinvestment and growth initiatives to drive future profitability.
What is the stock price compound annual growth rate (CAGR) for Ujaas Energy over the past 5 years?
Over the past 5 years, Ujaas Energy has delivered an impressive stock price compound annual growth rate (CAGR) of 44%, showcasing its potential as an investment opportunity.
What was Ujaas Energy’s net profit in the trailing twelve months (TTM)?
Ujaas Energy recorded a commendable net profit of ₹30 crore in the trailing twelve months (TTM), underscoring its resilience and ability to navigate dynamic market conditions.
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Incorporated in 1999, Ujaas Energy Ltd has solidified its position as a pioneering force in the renewable energy sector, with a primary focus on solar power generation. Over the years, the company has expanded its offerings to include manufacturing, sales, and servicing of solar power plants, along with venturing into the electric vehicle segment, aligning with global sustainability trends.
Despite encountering financial fluctuations, Ujaas Energy has showcased resilience and adaptability. Recent highlights include a notable increase in net profit in the trailing twelve months, alongside a significant reduction in working capital requirements, reflecting improved operational efficiency. However, certain challenges persist, such as a negative return on equity over the last three years and a concerning sales growth rate.
Furthermore, while the promoter holding has seen a substantial increase and the company’s working capital requirements have notably decreased, the stock is trading at a high multiple of its book value, and the interest coverage ratio remains low. Additionally, the company faces issues such as high debtors and a negative return on equity, indicating areas for improvement.
In conclusion, Ujaas Energy Ltd stands at a crucial juncture, balancing its achievements and challenges. With a strong foundation in renewable energy and strategic diversification into electric vehicles, the company is poised for future growth, provided it addresses its financial concerns and capitalizes on emerging opportunities in the sustainable energy sector.
What did we learn?
- 1 About Ujaas Energy
- 2 How to Purchase Ujaas Energy Shares in India?
- 3 Ujaas Energy Share Price Prediction: 2024 – 2030
- 4 Financial Condition of Ujaas Energy: Last 5 Years
- 5 FAQs
- 5.1 What is Ujaas Energy’s current market capitalization?
- 5.2 What is the current share price target for Ujaas Energy?
- 5.3 What is the share price target for Ujaas Energy in 2025?
- 5.4 What was Ujaas Energy’s highest share price target in 2027?
- 5.5 What is the projected share price target for Ujaas Energy in 2030?
- 5.6 What is Ujaas Energy’s current Price/Earnings (P/E) ratio?
- 5.7 Does Ujaas Energy pay dividends?
- 5.8 What is the compounded sales growth rate for Ujaas Energy over the last 5 years?
- 5.9 What is the compounded profit growth rate for Ujaas Energy over the last 3 years?
- 5.10 What is the current Return on Equity (ROE) for Ujaas Energy?
- 5.11 What is the stock price compound annual growth rate (CAGR) for Ujaas Energy over the past 5 years?
- 5.12 What was Ujaas Energy’s net profit in the trailing twelve months (TTM)?
- 6 Conclusion: Navigating Challenges and Embracing Opportunities in Renewable Energy
