UEL
Ujaas Energy share price & financials
- Price
- ₹138.86
- Market cap
- ₹2.8k Cr
- Sector
- Power
What Ujaas Energy Limited does
Ujaas Energy Limited (UEL) develops, owns, operates and maintains solar power plants under its flagship 'UJAAS' brand, covering turnkey solar parks, EPC execution for third-party solar producers, rooftop solar installations, and O&M services for plants it has built for clients. It also manufactures and sells solar power systems, and has diversified into the electric-vehicle space with electric scooters. The company originated as a transformer manufacturer before diversifying into solar generation from 2010.
Segments
- Solar Power Plant Operation
- Manufacturing and sale of solar power systems
- EV
- Solar plants set up under UJAAS Parks (cumulative)
- 190+ MWp
- Solar capacity operated & maintained for clients (O&M)
- 230+ MWp
- Own solar power plant
- 15.5 MWp
- Rooftop solar projects set up (cumulative)
- 20+ MWp
- Business lines
- Solar EPC/turnkey parks, rooftop solar, solar O&M, solar equipment manufacturing, electric scooters
- Listing
- Listed on BSE and NSE since October 2011
Quarterly results
Q1 FY27: revenue up 14.3%, net profit up 30.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 8 | 8 | 3 | 5 +3% | 3 −57% | 6 −27% | 3 +14% |
| EBITDA | -0 | 3 | 1 | -3 | 1 +431% | -1 −119% | -1 −189% | -3 +14% |
| Net profit | 1 | 4 | 0 | 2 | 0 −87% | 0 −96% | 0 +40% | 3 +31% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −36.0% 1Y
1Y: ₹323 on 8 Sept 2025 → ₹206.64. High ₹323 (8 Sept 2025), low ₹92.42 (29 Sept 2025).
Financials, as filed
Revenue fell 18.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to -23.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹31 Cr | ₹27 Cr | ₹27 Cr | ₹17 Cr |
| Operating profit | ₹4 Cr | ₹-0 Cr | ₹4 Cr | ₹-4 Cr |
| Operating margin | 11.3% | -0.1% | 16.4% | -23.6% |
| Interest | ₹16 Cr | ₹10 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹7 Cr | ₹8 Cr | ₹1 Cr | ₹0 Cr |
| Net profit | ₹-17 Cr | ₹29 Cr | ₹9 Cr | ₹3 Cr |
| Net margin | -56.6% | 108.3% | 32.9% | 19.1% |
| Cash from operations | ₹-0 Cr | ₹122 Cr | ₹3 Cr | ₹4 Cr |
| Free cash flow | ₹-1 Cr | ₹122 Cr | ₹2 Cr | ₹5 Cr |
| ROCE | -2.0% | 14.0% | 10.0% | 3.9% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹11 Cr | ₹11 Cr | ₹13 Cr |
| Reserves | ₹158 Cr | ₹48 Cr | ₹30 Cr | ₹79 Cr | ₹77 Cr | ₹75 Cr |
| Borrowings | ₹111 Cr | ₹105 Cr | ₹106 Cr | ₹19 Cr | ₹24 Cr | ₹24 Cr |
| Other liabilities | ₹27 Cr | ₹134 Cr | ₹147 Cr | ₹3 Cr | ₹4 Cr | ₹4 Cr |
| Total liabilities | ₹316 Cr | ₹307 Cr | ₹303 Cr | ₹111 Cr | ₹116 Cr | ₹117 Cr |
| Fixed assets | ₹149 Cr | ₹141 Cr | ₹134 Cr | ₹29 Cr | ₹29 Cr | ₹29 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹11 Cr | ₹18 Cr | ₹14 Cr |
| Other assets | ₹167 Cr | ₹166 Cr | ₹169 Cr | ₹70 Cr | ₹69 Cr | ₹74 Cr |
| Total assets | ₹316 Cr | ₹307 Cr | ₹303 Cr | ₹111 Cr | ₹116 Cr | ₹117 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −15.02 pp while the public added +15.02 pp. The shareholder count shrank 6% to 48,601.
- Promoters
- 75.0%
- Public
- 25.0%
Since Jun 2025
- Promoters −15.02 pp
- Public +15.02 pp
How it drifted, 12 quarters
Over this window promoters went from 0.0% to 75.0% — +75.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 0.0%, Public 100.0%.Dec '23: Promoters 0.0%, Public 100.0%.Mar '24: Promoters 95.0%, Public 5.0%.Jun '24: Promoters 95.0%, Public 5.0%.Sep '24: Promoters 93.8%, Public 6.2%.Dec '24: Promoters 93.8%, Public 6.2%.Mar '25: Promoters 93.8%, Public 6.2%.Jun '25: Promoters 90.0%, Public 10.0%.Sep '25: Promoters 90.0%, Public 10.0%.Dec '25: Promoters 75.0%, Public 25.0%.Mar '26: Promoters 75.0%, Public 25.0%.Jun '26: Promoters 75.0%, Public 25.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Shyamsunder Gendalal Mundra - 2 newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ujaas Energy Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| SVA Family Welfare Trust (Represented by Vandana Mundra) | 74.21% | unchanged |
| Swastika Fin Mart Private Limited | 23.61% | unchanged |
| M & B Switchgear (Represented by Anurag Mundra) | 0.75% | unchanged |
| Shyamsunder Gendalal Mundra - 2 | 0.00% | newly disclosed |
| Vikalp Shyamsunder Mundra | 0.00% | unchanged |
| Geeta Mundra | 0.00% | unchanged |
| Anurag Shyamsunder Munddra | 0.00% | unchanged |
| Sarita Mundra | 0.00% | unchanged |
| Vikalp S Mundra Huf | 0.00% | unchanged |
| Anurag S Mundra Huf | 0.00% | unchanged |
| Vandana Mundra | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Ujaas Energy Limited
Guides on how to read this kind of business and the numbers that matter.