Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Ujaas Energy Ltd

UEL
Capital Goods - Transformers

Ujaas Energy Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

Biggest watch item: the P/E sits at the 89th percentile of its own range — the multiple has already done part of the work.

The price is in a confirmed uptrend (117 weeks in) while the P/E sits at the 89th percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit +40.0% year on year, and 315% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.

Price
₹126
+34.4% 1Y
P/E
588.0×
89th pctile
of its own 10-year range
Revenue (Mar 26)
₹5.6 Cr
−27.4% YoY
Profit (Mar 26)
₹0.4 Cr
+40.0% YoY
Operating margin
−9.8%
−17.7 pp YoY
ROCE
4%
FY26
ROIC
−3.1%
vs WACC 12.0% → −15.1 pp
Cash conversion
315%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified. PEG is the exception: the quarterly curve is not drawn at all. PEG asks what is being paid for growth — both sides of that division come from the source that could not be checked, so it is withheld instead of marked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Ujaas Energy Ltd trades at ₹126, in a confirmed uptrend and 117 weeks into that stage. That is +0.1% against its own 200-day average. It sits at 31% of a 52-week range of ₹97 to ₹189. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (14 weeks and counting).

Today the stock is in a confirmed uptrend — week 117 of stage 2, confirmed. At ₹126 it trades +0.1% versus its 200-day average and sits at 31% of its 52-week range (₹97–₹189).

Jul 26: ₹126 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+0.1% versus the 200-day line, week 117 of stage 2
Price50-day avg200-day avg
S4S2₹204₹150₹95.3₹40.7₹−13.9₹126₹126Jul 23Aug 24Apr 25Dec 25Jul 26
S4S2₹204₹150₹95.3₹40.7₹−13.9₹126₹126Jul 23Apr 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (520 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +872% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (14 weeks and counting; last ahead the week of 2026-05-15) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 89th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Ujaas Energy Ltd trades at 588.0× P/E, at the pricey end of its own range (89th percentile). Its long-run median P/E is 64.0×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 588.0× is at the pricey end of its own range (89th percentile), against a long-run median of 64.0× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 588.0× vs a 64.0× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.4-year window; loss-period spikes above 192× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (89th percentile)
P/EMedianEPS (TTM) (quarterly)
205.9×₹0.9155.1×₹0.7104.3×₹0.553.4×₹0.22.6×₹0.0×191.90×₹0Mar 16Sep 17Apr 19Aug 24Jul 26
205.9×₹0.9155.1×₹0.7104.3×₹0.553.4×₹0.22.6×₹0.0×191.90×₹0Mar 16Apr 19Jul 26
P/E
588.0×
89th percentile of 10y

Why the multiple sits where it does: over the past year annual EPS moved +50.0% against a +34.4% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 10y, of the +24.7%/yr price move, ~−0.5%/yr came from earnings growth and ~+25.2 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Ujaas Energy Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 10 quarters across 2 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
48%20%19%−8.2%−9.0%−37%−37%−65%−66%−94%%%−27.4%−64.2%−26.7%Jun 23Sep 24Mar 26
48%20%19%−8.2%−9.0%−37%−37%−65%−66%−94%%%−27.4%−64.2%−26.7%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
15%11%6.0%1.4%−3.3%%3.9%FY23FY24FY26
15%11%6.0%1.4%−3.3%%3.9%FY23FY24FY26
Revenue growth
Falling
latest −27.4% · span −57.3% to +39.9%
ROCE
Stuck low
latest 3.9% · span −2.0%–14.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Growth, year by year: revenue −38.2% in FY26, profit −64.3% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
167%120%104%7.2%41%−106%−22%−218%−85%−331%%%−38.2%−64.3%FY16FY21FY26
167%120%104%7.2%41%−106%−22%−218%−85%−331%%%−38.2%−64.3%FY16FY21FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (−38.2%) with the last 8 annualized (−21.1%).
revenue rolling over, profit stabilising
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
3.9%20%−7.4%−8.2%−19%−37%−30%−65%−41%−94%%%−38.2%−64.2%Jun 23Sep 24Mar 26
3.9%20%−7.4%−8.2%−19%−37%−30%−65%−41%−94%%%−38.2%−64.2%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−38.2%−18.0%−13.9%−24.5%
Profit−64.3%−17.2%
EPS+50.0%+3.5%
Share price+34.4%+372.7%+138.8%+24.7%
Revenue YoY (Mar 26)
−27.4%
latest quarter vs a year ago
Profit YoY (Mar 26)
+40.0%
latest quarter vs a year ago
Revenue 10y
−24.5%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

30.0/100 — rank 10 of 12 in Capital Goods - Transformers · 70% evidence confidence

Ujaas Energy Ltd scores 30.0 out of 100 against the 12 companies it is compared with in Capital Goods - Transformers, ranking 10. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 4.5 + 5.5 + 8.5 + 11.5 = 30. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Ujaas Energy Ltd reported ₹5.6 Cr of revenue in the Mar 26 quarter, −27.4% year on year. Over 10 years it has compounded at −24.5% a year. The last full year, FY26, came in at ₹16.6 Cr. The last four reported quarters add to ₹16.6 Cr.

Ujaas Energy Ltd reported ₹5.6 Cr of revenue in the Mar 26 quarter, −27.4% year on year. Over 10 years it has compounded at −24.5% a year. The last full year, FY26, came in at ₹16.6 Cr. The last four reported quarters add to ₹16.6 Cr.

FY26 revenue came in at ₹16.6 Cr (−38.2% on the year), capping 10 years at −24.5% compound. The latest quarter (Mar 26) printed ₹5.6 Cr, −27.4% year on year.

FY26 revenue ₹16.6 Cr (−38.2% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
−24.5% a year over 10 years
RevenueYoY growth
525167%394104%26341%131−22%0−85%₹ Cr%₹17−38.2%FY16FY21FY26
525167%394104%26341%131−22%0−85%₹ Cr%₹17−38.2%FY16FY21FY26
Mar 26: ₹5.6 Cr (−27.4% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
948%719%4−9.0%2−37%0−66%₹ Cr%₹6−27.4%Jun 23Sep 24Mar 26
948%719%4−9.0%2−37%0−66%₹ Cr%₹6−27.4%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged −34.8% growth against the decade's −24.5% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −38.2% over the last 4 quarters against −21.1%/yr over the last 8 — rolling over; TTM profit −64.2% vs −66.9%/yr — stabilising.

→ Revenue slipped — did margins hold as it scaled? Next: −9.8% this quarter (−17.7 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Ujaas Energy Ltd's operating margin is −9.8% in the Mar 26 quarter, −17.7 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −57.5% to 38.9%. The current quarter sits inside that band.

Ujaas Energy Ltd's operating margin is −9.8% in the Mar 26 quarter, −17.7 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −57.5% to 38.9%. The current quarter sits inside that band.

The latest quarter's operating margin is −9.8%, −17.7 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −57.5%–38.9%.

🚨 Why the margin moved: operating margin went −17.7 pp year on year while gross margin went +1.8 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: −23.5% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a −57.5–38.9% band over 13 years
operating marginYoY change (pp)
47%60%19%33%−9.3%5.6%−37%−22%−65%−49%%%−23.5%−39.9%FY14FY20FY26
47%60%19%33%−9.3%5.6%−37%−22%−65%−49%%%−23.5%−39.9%FY14FY20FY26
Mar 26: −9.8% operating margin (−17.7 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
55%69%7.3%15%−40%−38%−88%−92%−135%−146%%%−9.8%−17.7%Jun 23Sep 24Mar 26
55%69%7.3%15%−40%−38%−88%−92%−135%−146%%%−9.8%−17.7%Jun 23Sep 24Mar 26

→ Margins slipped — did that reach the bottom line? Next: profit +40.0% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Ujaas Energy Ltd earned ₹0.4 Cr of net profit in the Mar 26 quarter, +40.0% year on year. Full-year FY26 profit was ₹3.2 Cr. The 10-year compound rate is −17.2%. That is 7.4% of the quarter's revenue. The same quarter a year earlier earned ₹0.3 Cr. 3 of the last 12 reported quarters were loss-making.

Ujaas Energy Ltd earned ₹0.4 Cr of net profit in the Mar 26 quarter, +40.0% year on year. Full-year FY26 profit was ₹3.2 Cr. The 10-year compound rate is −17.2%. That is 7.4% of the quarter's revenue. The same quarter a year earlier earned ₹0.3 Cr. 3 of the last 12 reported quarters were loss-making.

Mar 26 profit was ₹0.4 Cr, +40.0% year on year. On the full year, FY26 printed ₹3.2 Cr (−64.3%), and the 10-year compound rate is −17.2%.

FY26 profit ₹3.2 Cr (−64.3% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
−17.2% a year over 10 years
Net profitYoY growth
48108%50.0%−37−112%−79−222%−121−332%₹ Cr%₹3−64.3%FY16FY21FY26
48108%50.0%−37−112%−79−222%−121−332%₹ Cr%₹3−64.3%FY16FY21FY26
Mar 26: ₹0.4 Cr (+40.0% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
5051%3511%19−28%4−67%−11−107%₹ Cr%₹040%Jun 23Sep 24Mar 26
5051%3511%19−28%4−67%−11−107%₹ Cr%₹040%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed −27.4% and the margin −17.7 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −44.5% vs revenue −34.8%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

→ Profit rose — but did the cash follow? Next: 315% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 315% of Ujaas Energy Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹4.4 Cr of operating cash against ₹3.2 Cr of profit. After ₹0.0 Cr of capital spending, ₹4.0 Cr was left as free cash.

FY26: operating cash of ₹4.4 Cr against reported profit of ₹3.2 Cr, leaving free cash of ₹4.0 Cr after ₹0.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 315% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹4.4 Cr vs profit ₹3.2 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
315% of 3-year profit arrived as cash
Operating cashNet profitFree cash
24515055−41−136₹ Cr₹4₹3₹4FY16FY21FY26
24515055−41−136₹ Cr₹4₹3₹4FY16FY21FY26
FY26: CFO = 139% of profit (three-year rate 315%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
345%182%20%−143%−306%%139%FY16FY21FY26
345%182%20%−143%−306%%139%FY16FY21FY26

Why conversion sits at 315%: the cash cycle tightened 805 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

→ So follow the cash to where it goes. Next: a 487-day cycle and ₹−96.0 Cr of building.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Ujaas Energy Ltd's cash conversion cycle runs 487 days in FY26, down from 1,292 days in FY21. Capital spending ran ₹−96.0 Cr over the last 3 years. At FY26 sales of ₹16.6 Cr each day of that cycle holds about ₹0.0 Cr, so roughly ₹22.0 Cr sits inside the business at any moment.

FY26: debtors at 487 days, inventory at 869 days — roughly 28.6 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 487 days, tighter than FY21's 1,292.

The full loop: cash goes out to suppliers and production on day 0; stock waits 869 days to sell; customers pay about 487 days after that; and suppliers themselves are paid at 62 days — netting out to the 487-day cycle.

In money terms: at FY26 sales of ₹16.6 Cr, each day of the cycle holds about ₹0.0 Cr — so the 487-day loop keeps roughly ₹22.0 Cr sitting inside the business at any moment.

FY26: a 487-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
−805 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
1,3931,028663299−66days487d869d487d62dFY14FY17FY20FY23FY26
1,3931,028663299−66days487d869d487d62dFY14FY20FY26

On the investment side: capital spending of ₹−96.0 Cr over the last 3 fiscal years against ₹9.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹0.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
21−11−43−74−106₹ Cr₹0₹0FY16FY18FY21FY23FY26
21−11−43−74−106₹ Cr₹0₹0FY16FY21FY26

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 4% and the ROIC − WACC spread is −15.1 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified

Ujaas Energy Ltd earns a ROCE of 4% in FY26. That is up from a trough of −9% in FY21. Return on invested capital clears the cost of that capital by −15.1 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 19.0% net margin on 0.14× asset turns.

FY26 ROCE is 4%, recovered from a FY21 trough of −9% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 19.0% net margin × 0.14× asset turns × 1.32× balance-sheet leverage ≈ 3.5% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: −3.1% − 12.0% = a −15.1 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 4% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY21's −9%
ROCEROIC (annual)WACC
47%32%17%2.1%−13%%3.9%−3%FY14FY20FY26
47%32%17%2.1%−13%%3.9%−3%FY14FY20FY26
Q4 FY26: ROCE −4.9% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
14%7.1%0.4%−6.3%−13%%−4.9%−2.9%Q1 FY24Q2 FY25Q4 FY26
14%7.1%0.4%−6.3%−13%%−4.9%−2.9%Q1 FY24Q2 FY25Q4 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.27.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

Ujaas Energy Ltd carries total debt of ₹24.0 Cr against shareholder equity of ₹89.0 Cr as of Mar 26, a debt-to-equity of 0.27 — effectively unlevered. On the annual view that ratio went from 1.54 in FY22 to 0.27 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹24.0 Cr against shareholder equity of ₹89.0 Cr — a debt-to-equity of 0.27. On the annual view, debt-to-equity went from 1.54 (FY22) to 0.27 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹24.0 Cr at 0.27× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
1142.3×861.7×571.2×290.6×00.1×₹ Cr×₹240.27×FY22FY24FY26
1142.3×861.7×571.2×290.6×00.1×₹ Cr×₹240.27×FY22FY24FY26
Mar 26: debt ₹24.0 Cr, debt-to-equity 0.27 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
1193.1×892.3×591.6×300.8×00.0×₹ Cr×₹240.27×Jun 23Sep 24Mar 26
1193.1×892.3×591.6×300.8×00.0×₹ Cr×₹240.27×Jun 23Sep 24Mar 26

→ Who owns this, and are they adding or leaving? Next: Promoters cut 20.0 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 20.0 points of Ujaas Energy Ltd over 8 quarters, the biggest move on the register. That takes promoters to 75.0% of the company. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −20.0 points over 8 quarters to 75.0%.

🚨 Why the register moved: promoters drove it (−20.0 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −20.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersPublic
102%76%50%24%−2.2%%75.0%25.0%Mar 24Mar 25Mar 26
102%76%50%24%−2.2%%75.0%25.0%Mar 24Mar 25Mar 26
Promoters cut 20.0 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersPublic
108%79%50%21%−8.0%%75.0%25.0%Jun 23Dec 24Jun 26
108%79%50%21%−8.0%%75.0%25.0%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Ujaas Energy Ltd: the Z-score reads 72.88. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

Why it matters: a Z-score of 72.88 sits well clear of the distress zone — the balance sheet is not the risk here.

The safety line in one sentence: the Z-score reads 72.88.

Related companies · same sector · Capital Goods - Transformers Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Ujaas Energy Ltd this page588.0×₹1,601 CrNo read
CG Power & Industrial Solutions Ltd107.0×₹1.4L CrTurning around
Schneider Electric Infrastructure Ltd145.0×₹32,341 CrMixed
Voltamp Transformers Ltd31.7×₹9,288 CrTopping out
Transformers & Rectifiers India Ltd34.2×₹8,855 CrTopping out
Shilchar Technologies Ltd30.9×₹4,882 CrTopping out
Indo Tech Transformers Ltd39.1×₹3,630 CrMixed
Bharat Bijlee Ltd23.7×₹2,848 CrMixed
Ujaas Energy Ltd780.0×₹2,380 CrNo read
Marsons Ltd40.8×₹1,892 CrMixed
Danish Power Ltd23.5×₹1,622 Cr
Vilas Transcore Ltd22.1×₹875 CrNo read
Supreme Power Equipment Ltd23.5×₹481 CrMixed
12 · Frequently asked questions

Frequently asked questions

What is Ujaas Energy Ltd's share price today?

Ujaas Energy Ltd trades at ₹126, +34.4% over the past year. The company is valued at ₹1,601 Cr. The stock sits at 31% of its 52-week range of ₹97–₹189, +0.1% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 117 weeks in. — as of 24 July 2026.

What were Ujaas Energy Ltd's latest quarterly results?

Ujaas Energy Ltd reported revenue of ₹5.6 Cr and net profit of ₹0.4 Cr for the Mar 26 quarter. Revenue fell 27.4% and profit rose 40.0% year on year. Earnings per share were ₹0.03. The operating margin was −9.8%, 17.7 pp lower than a year earlier. — as of 24 July 2026.

What is Ujaas Energy Ltd's revenue?

Ujaas Energy Ltd reported revenue of ₹5.6 Cr in the Mar 26 quarter, −27.4% year on year. For the full FY26 fiscal year, revenue was ₹16.6 Cr (−38.2%). Over the last 10 years revenue compounded at −24.5% a year. — as of 24 July 2026.

What is Ujaas Energy Ltd's profit?

Ujaas Energy Ltd earned ₹0.4 Cr of net profit in the Mar 26 quarter, +40.0% year on year. Full-year FY26 profit was ₹3.2 Cr. The operating margin ran −9.8% in the latest quarter. — as of 24 July 2026.

What is Ujaas Energy Ltd's market cap?

Ujaas Energy Ltd's market capitalisation is ₹1,601 Cr at a share price of ₹126. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Ujaas Energy Ltd's P/E ratio?

Ujaas Energy Ltd trades at a P/E of 588.0×, at the 89th percentile of its own 10-year range, against a long-run median of 64.0×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Ujaas Energy Ltd pay a dividend?

Not in its latest year — Ujaas Energy Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 4 of its last 13 reported fiscal years, so there is a history but no current dividend. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.

Is Ujaas Energy Ltd overvalued?

On its own history, Ujaas Energy Ltd looks expensive against its own history: its P/E of 588.0× sits at the 89th percentile of its 10-year range (long-run median 64.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Ujaas Energy Ltd growing?

Not right now — Ujaas Energy Ltd's latest numbers are shrinking: latest-quarter revenue −27.4% year on year, profit +40.0%, and the margin −17.7 pp at −9.8%. The 10-year compound rates are −24.5% (revenue) and −17.2% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.

How is Ujaas Energy Ltd performing?

Ujaas Energy Ltd is in a confirmed uptrend, 117 weeks in. Its latest quarter's revenue fell 27.4% and profit rose 40.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 14 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

Is Ujaas Energy Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 117 of stage 2), trading +0.1% versus its 200-day average and at 31% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Ujaas Energy Ltd beating the market?

Not lately — on a trailing-13-week view Ujaas Energy Ltd is currently behind the NIFTY 500 (14 weeks and counting; last ahead the week of 2026-05-15), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +872% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.

Will Ujaas Energy Ltd's share price go up?

This page publishes no price forecast for Ujaas Energy Ltd. What it measures instead: the share price is ₹126, the price is in a confirmed uptrend 117 weeks in. Its P/E of 588.0× sits at the 89th percentile of its own 10-year range. — as of 24 July 2026.

Who owns Ujaas Energy Ltd?

Promoters hold 75.0% of Ujaas Energy Ltd, foreign institutions null%, domestic institutions null% and the public 25.0% (latest quarter). The biggest move on the register over the last two years: Promoters cut 20.0 points over 8 quarters. — as of 24 July 2026.

Does Ujaas Energy Ltd have too much debt?

No — Ujaas Energy Ltd's debt-to-equity is 0.27, and operating profit covers the interest bill −24×. FY26 borrowings were ₹24.0 Cr against equity of ₹88.7 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.

What is Ujaas Energy Ltd's capex?

Ujaas Energy Ltd spent ₹−96.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹0.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Ujaas Energy Ltd's cash flow?

Ujaas Energy Ltd generated ₹4.4 Cr of operating cash flow in FY26 and ₹4.0 Cr of free cash flow after ₹0.0 Cr of capital spending. Reported profit that year was ₹3.2 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Ujaas Energy Ltd's profit real cash?

Yes — over the last 3 fiscal years, 315% of Ujaas Energy Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹4.4 Cr against reported profit of ₹3.2 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.

How financially safe is Ujaas Energy Ltd?

On the balance sheet, the Z-score reads 72.88 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 24 July 2026.

Where is Ujaas Energy Ltd in its business cycle?

Ujaas Energy Ltd's FY26 operating margin was −23.5%, against a 13-year band of −57.5%–38.9%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran −9.8%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Ujaas Energy Ltd story?

Biggest watch item: the P/E sits at the 89th percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Ujaas Energy Ltd a stock worth studying right now?

This is not investment advice. The machine read: Ujaas Energy Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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