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Ujaas Energy Ltd (UEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533644 NSE: UEL Electric Equipment | Small Cap | Ujaas Energy Share Price

₹136.05 -3.60 (-2.58%)

As on 24-Jun'26 16:59

Ujaas Energy Ltd (UEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533644 NSE: UEL Electric Equipment | Small Cap | Ujaas Energy Share Price

₹136.05 -3.60 (-2.58%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,815 Cr.
Current Price
₹136.1
52-Week Low / High
₹113 / 381
TTM EPS
₹0.2
TTM Sales
₹16.6 Cr.
Book Value per Share
₹6.7
P/E Ratio
573.86
Higher than its 3-year historical median
Industry PE
56.6
Price to Book (P/B)
20.47
Higher than its 5-year historical median
Price to Sales (P/S)
109.08
Higher than its 5-year historical median
EV/EBITDA
335.92
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
3.63%
Underperforms industry median
Return on Capital Employed (ROCE)
4.48%
Underperforms industry median
Return on Assets (ROA)
3.01%
Operating Profit Margin
-23.6%
Net Profit Margin
19.01%
Gross Profit Margin
31.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-38.23%
Operating Profit Growth (1 Year)
-
-188.69%
Net Profit Growth (1 Year)
-
-64.29%
Asset Quality
Promoter Holding
74.96%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹75 Cr.
Equity
₹13.3 Cr.
Face Value
₹1
All Time Low / High
₹1.67 / 699.00

Ujaas Energy stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Ujaas Energy Ltd a good quality company?
Ujaas Energy Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Ujaas Energy Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ujaas Energy Ltd vs industry peers?
Ujaas Energy Ltd revenue CAGR is -11.94%, compared to the industry median CAGR of 13.01%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Ujaas Energy Ltd?
Promoters hold 74.96% of the Ujaas Energy Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ujaas Energy Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 34.7% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ujaas Energy Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 22.1%10.7%5%-3.8%-8.7%-41.6%-2%6.8%10.5%4.5%-
Value Creation
Index
0.6-0.2-0.6-1.3-1.6-4.0-1.1-0.5-0.2-0.7-

Growth Parameters

Sales 48633415650.935.144.730.226.726.916.617
Sales YoY Gr.--31.3%-53.3%-67.4%-31%27.3%-32.5%-11.4%0.8%-38.2%-
Adj EPS 1.50.70.3-0.5-1.2-1.9-0.72.70.50.20.2
YoY Gr.--54%-62.3%-300%NANANANA-82.6%-53.2%-
BVPS (₹) 9.910.711.110.48.93.42.58.586.76.7
Adj Net
Profit
37.417.16.4-13-30.6-48.7-18.135.58.52.93
Cash Flow from Ops. -16.3-34.2-17.3430.97.2-0.51222.84.4-
Debt/CF from Ops. -7.2-4-8.22.2119.214.6-224.50.28.65.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -31.3%-13.9%-18%-38.2%
Adj EPS -19.2%NANA-53.2%
BVPS-4.4%-5.6%38.9%-17.1%
Share Price 33.8% 164.1% 476.5% 21.5%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
19.18.32.9-6-15.9-39.6-30.851.29.73.43.6
Op. Profit
Mgn %
15.312.413.1-15-57.2-4.99.2-0.216.4-23.6-23.6
Net Profit
Mgn %
7.75.14.1-25.5-87.1-109-60.1132.931.517.719.2
Debt to
Equity
0.60.60.60.50.61.62.10.20.30.30
Working Cap
Days
2043376851,5581,7831,2971,9621,4957451,310629
Cash Conv.
Cycle
471163681,1231,3179201,3591,028467749389

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales48633415651354530272717
Operating Expenses + 41529313659554727272321
Manufacturing Costs2215445343
Material Costs377254113232723121355
Employee Cost 1721115333343
Other Costs 19171126211678109
Operating Profit 714120-8-20-23-04-4
Operating Profit Margin (%) 14.7%12.2%13.1%-16.2%-57.5%-4.9%9.1%-0.2%16.4%-23.6%
Other Income + 43642212679
Exceptional Items 00000-880-1000
Interest 201717141614161000
Depreciation 8888877800
Profit Before Tax 48191-26-42-110-20-2115
Tax 122-5-13-12-0-2-3022
Profit After Tax 36177-13-30-110-182993
PAT Margin (%) 7.4%5.1%4.2%-26.2%-86.7%-245.0%-59.9%108.3%32.9%19.0%
Adjusted EPS (₹)1.80.90.3-0.7-1.5-5.5-0.92.80.80.2
Dividend Payout Ratio (%)2.80%0%0%0%0%0%0%0%0%0%

Valuation of Ujaas Energy - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1992152222081786850898589
Share Capital 20202020202020111113
Reserves 1791952021881584830797575
Debt +10712813189111105106192424
Long Term Debt78685852000000
Short Term Debt28607337111105106192424
Minority Interest0000000000
Trade Payables131128238444111
Others Liabilities 9280584323130143-11-8-5
Total Liabilities 52955143334831630730398102108

Fixed Assets

Net Fixed Assets +180174165156149141134293029
Gross Block213215214212211211211211211211
Accumulated Depreciation33414956627077182182182
CWIP 0000000000
Investments 29330000111314
Inventories45985443313635101212
Trade Receivables190184154100897985272422
Cash Equivalents 3740149782524
Others Assets 48524340394347162227
Total Assets 52955143334831630730398102108

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -16-34-174317-012234
PBT 48191-26-42-110-20-2115
Adjustment 2123222734302489-1-3
Changes in Working Capital -75-64-4044687-534-72
Tax Paid -11-11-1-1400-0-0-0
Cash Flow From Investing Activity + 22222515-1-1-4-1-7-4
Capex -2-2100-0-0-0-10
Net Investments 21222312-2-1-4-26-1
Others 42221011-12-4
Cash Flow From Financing Activity + -53-14-55-1-1-1-1215-0
Net Proceeds from Shares 00000001100
Net Proceeds from Borrowing -11-103-411500000
Interest Paid -18-17-17-14-16-1-1-44-0-0
Dividend Paid 0-100000000
Others 24320-0000-8750
Net Cash Flow 1-9-62-25-5-010

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)18.388.233.03-6.21-15.78-89.32-30.6941.7110.143.63
ROCE (%)22.1210.75.02-3.76-8.73-41.55-2.026.7910.454.48
Asset Turnover Ratio0.920.620.320.130.110.140.10.130.270.16
PAT to CFO Conversion(x)-0.44-2-2.43N/AN/AN/AN/A4.210.331.33
Working Capital Days
Receivable Days115.30204.50396910.30983.60686.90989.40761.20343505.60
Inventory Days47.6078178348.10385.30274.60427.80302.90148.70269.50
Payable Days124.20186.20243.20244.908067127.1072.7063.8059.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ujaas Energy Ltd FAQs

The current trading price of Ujaas Energy on 24-Jun-2026 16:59 is ₹136.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jun-2026 the market cap of Ujaas Energy stood at ₹1,814.9 Cr

The latest P/E ratio of Ujaas Energy as of 23-Jun-2026 is 573.9.

The latest P/B ratio of Ujaas Energy as of 23-Jun-2026 is 20.47.

The 52-week high of Ujaas Energy is ₹381.2 and the 52-week low is ₹113.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ujaas Energy is ₹16.64 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ujaas Energy Ltd is a below average quality company.

The key valuation ratios of Ujaas Energy Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ujaas Energy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Ujaas Energy Ltd

M and B Switchgears, a transformer manufacturing company, is an ISO 9001:2008 and ISO 14001:2004 Certified 117 Company. The company commenced its operations in 1976.  Thus, it is engaged in the said business since past 30 years and has been consistently strengthening its position through continuous modernisation and expansion and by acquiring latest and sophisticated technology and processes.

The company commenced its operations with a capacity of 550 transformers per annum d have grown gradually to a capacity to manufacture 5,109 transformers per annum. Its existing annual production capacity in terms of KVA is 75,000 KVA of transformer per month on single shift basis. The present annual aggregate capacity is 9,00,000 KVA per annum.

In 2012 M and B Switchgears signed an agreement with MP govt to set up 99.25 MW solar power plants.

Manufacturing Units:

  • The company owns manufacturing unit at --Survey No. 211/1, Opp. Metalmen and Sector C, Sanwer Road Industrial Estate, Indore, 452015 having a designing and manufacturing facility spread in 92,610 sq. ft. area with the latest machinery/machineries having a capacity to manufacture 25000 KVA / 25 MVA at 132 KV Class of transformers.
  • 2-D/2, Sector D, Sanwer Road Industrial Area Indore, 452015, facility spread over 6247.67 sq. ft. with all the machinery and capabilities to manufacture upto 8000 KVA transformers. This premise is leased to company by DIC.

Subsidiary:

Proximo Energy Concept is incorporated to deal, manufacture, erect, generate, receive, produce, improve, buy, sell etc in all types of energy equipment and to carry on, manage, supervise and control the business of transmitting, manufacturing, supplying, generating, distributing, dealing and trading in energy, power, electricity and all forms of energy and power generated. Further, to provide all types of consultancy services in the matter of Energy Generation including establishment, commissioning and to act as agent broker.

Product Portfolio:

M and B Switchgears currently manufactures the following products -

  1. Power and distribution transformers
  2. Rectifier transformers
  3. Furnace duty transformers [Arc Furnace & Induction Furnace]
  4. Dry type transformers
  5. Fire Proof transformer
  6. Potential transformers
  7. Convertor and Special purpose transformers
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