Ujaas

Indore, India Founded: 1979 • Age: 47 yrs Listed
Utility-scale solar PV systems are installed by Ujaas.

About Ujaas

Ujaas is a publicly listed company based in Indore (India) founded in 1979. Utility-scale solar PV systems are installed by Ujaas. The company has 237 employees. Its chief executive, as recorded, is Shyam Sunder Mundra. Its Indian entity Ujaas Energy Limited reported revenue of β‚Ή26.02 Cr. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Similar companies include Rays Power Infra, Amplus Solar and Fourth Partner Energy; 3 of its 3 listed similar companies have raised funding.

Company details

Ujaas specializes in providing installation for utility-scale solar PV systems. They claim to supply ISO marked products for the installation of systems. They sold their first solar REC from its 2MW power plant in March 2012 at Rajasthan. Also, they are involved in the manufacturing of panel meters and have set up their manufacturing unit in Madhya Pradesh. They have installed a solar project with 34.3MW power in MP, a 13.86MW power plant in Shajapur, and a 32.88MW in Ichhawar region of MP etc.

  • Headquarters Indore, India
  • Employees 237
  • Stage Public
  • Sectors
    Energy & Utilities
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website ujaas.com
  • Social LinkedIn X Facebook
  • Legal Name Ujaas Energy Limited
Key Metrics
  • Market Cap
    ₹2,451 Cr

    UEL · NSE

  • Share Price
    ₹180.56

    -1.75% today

  • Revenue
    ₹334 Cr

    FY 2017-18 · -31.3% YoY

  • EBITDA
    ₹40.76 Cr

    Margin 12.2%

  • Net Profit
    ₹16.62 Cr

    FY 2017-18 · -53.4% YoY

  • P/E (TTM)
    5.7x

    P/B 0.4x

  • ROE
    8.2%

    ROCE 10.7%

  • Debt / Equity
    0.62

    Interest cover 53.1x

  • Employee Count
    237

Board of directors of Ujaas Energy Limited (Ujaas)

Ujaas Energy Limited is the primary company behind Ujaas. The boards of the 2 registered companies of Ujaas currently have 8 directors; the longest-serving is Vikalp Shyamsunder Mundra, appointed in 2015. 19 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Vikalp Shyamsunder Mundra
DIN 00113145
Director24 Sep 201511 yrs 1 moUjaas Energy Limited
Anurag Shyamsunder Munddra
DIN 00113172
Whole-time director24 Sep 201511 yrs 1 moUjaas Energy Limited
Pravgya Mundra
DIN 08392065
Director07 Sep 20197 yrs 2 moUjaas E Auto Private Limited
Sarita Mundra
DIN 03028265
Director07 Sep 20197 yrs 2 moUjaas E Auto Private Limited
Girish Kataria
DIN 06778397
Director24 Nov 20232 yrs 11 moUjaas Energy Limited
Surabhi Agrawal
DIN 08672180
Director24 Nov 20232 yrs 11 moUjaas Energy Limited
Nilesh Kumar Rathi
DIN 03329897
Director24 Nov 20232 yrs 11 moUjaas Energy Limited
Geeta Mundra
DIN 00113261
Additional Director15 Apr 20267 moUjaas Energy Limited

People of Ujaas

10 people are tracked at Ujaas (1 in leadership, 6 in board & advisors, 3 in team); the tracked headcount is 237.

NameRoleGroup
Shyam Sunder Mundra
CEO & MDLeadership
DirectorBoard & advisors
Anurag Mundra
DirectorBoard & advisors
Prakash Dandekar
DirectorBoard & advisors
Babu Babel
DirectorBoard & advisors
Piyush Sinha
DirectorBoard & advisors
Yamini Karmarkar
DirectorBoard & advisors
Amit Neema
Heads Project BusinessTeam
Sumit K Somani
Heads Park BusinessTeam
Pawan Kothari
AVP, StrategyTeam
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IPO & Listings of Ujaas

Ujaas is a publicly listed company on the NSE with ticker symbol UEL in India, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date20 Oct 2011
  • Listed onBSE: 533644 · NSE: UJAAS
  • Listed entityUjaas Energy Limited
  • Exchange sectorUtilities
  • ISININE899L01030
  • Share price₹196.46 (+0.92% on the day) · 2026-10-14
  • Market capitalisation₹2,591 Cr
  • Price to earnings1,714.3
  • EPS (diluted, trailing year)₹0.11
  • Volume (last session)33,134

Financials of Ujaas

Exchange-reported figures of Ujaas Energy Limited, the listed company behind Ujaas (NSE: UEL).

Financial Highlights

FY 2017-18 Β· Consolidated
Revenue
₹334 Cr
-31.3% YoY
EBITDA
₹40.76 Cr
-43.5% YoY
Profit After Tax
₹16.62 Cr
-53.4% YoY
Net Worth
₹215 Cr
+8.3% YoY
Total Assets
₹354 Cr
+11.9% YoY
Total Debt
₹138 Cr
+18.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Income statement
Revenue334486277111
Revenue growth-31.3%+75.5%+149.4%-
EBITDA40.7672.1263.4943.15
EBITDA margin+12.2%+14.8%+22.9%+38.8%
Profit before tax18.4748.5340.8118.32
Net profit16.6235.6920.0811.65
Net profit margin+5.0%+7.3%+7.3%+10.5%
EPS (β‚Ή)0.851.821.000.57
Balance sheet
Total assets354316296283
Net worth215199192173
Total debt138117104110
Cash & bank40.1636.5068.5916.00
Net working capital210138139135
Cash flow
Cash from operations(34.16)(16.48)104(5.49)
Cash from investing21.6722.03(76.84)34.31
Cash from financing3.07(4.85)(24.80)(44.28)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue16.6426.9426.7330.1644.6735.0950.88
Revenue growth-38.2%+0.8%-11.4%-32.5%+27.3%-31.0%-
EBITDA(3.92)4.42(9.68)2.75(90.19)(20.19)(8.27)
EBITDA margin-23.6%+16.4%-36.2%+9.1%-201.9%-57.5%-16.3%
Profit before tax4.8211.03(1.53)(19.61)(110)(42.21)(26.41)
Net profit2.718.4538.52(18.06)(21.73)(30.44)(13.42)
Net profit margin+16.3%+31.4%+144.1%-59.9%-48.7%-86.8%-26.4%
EPS (β‚Ή)0.240.832.75(0.90)(5.48)(1.52)(0.67)
Balance sheet
Total assets113110108156174290304
Net worth88.6785.4889.1449.7267.99178208
Total debt24.0024.0018.5110610511195.66
Cash & bank3.872.115.052.158.247.418.87
Net working capital56.5650.7043.246.8824.69140163
Cash flow
Cash from operations4.382.78122(0.47)7.200.9342.99
Cash from investing(4.02)(9.32)(0.81)(3.68)(0.92)(1.33)14.68
Cash from financing(0.15)5.19(121)(0.68)(0.84)(1.11)(55.29)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3.035.643.494.862.657.778.174.70
Revenue growth (YoY)+14.3%-27.4%-57.3%+3.4%-57.9%---
Other income7.191.271.000.556.56(2.32)3.711.60
Total expenses5.826.194.154.335.897.154.764.87
EBITDA(2.79)(0.55)(0.66)0.53(3.24)0.623.41(0.17)
EBITDA margin-92.1%-9.8%-18.9%+10.9%-122.3%+8.0%+41.7%-3.6%
Depreciation0.120.120.120.140.100.120.130.13
Interest0.020.080.020.000.050.070.100.11
Profit before tax4.260.520.200.943.17(1.89)6.891.19
Tax1.010.090.040.840.68(2.19)2.960.41

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
ParticularsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Revenue334486277111
Revenue growth-31.3%+75.5%+149.4%-
Other income3.224.212.262.14
Total expenses29341421467.95
Employee cost20.8116.608.144.98
EBITDA40.7672.1263.4943.15
EBITDA margin+12.2%+14.8%+22.9%+38.8%
Depreciation8.228.177.998.08
Interest17.2919.6316.9518.89
Profit before tax18.4748.5340.8118.32
Tax1.5012.0920.526.66
Net profit16.6235.6920.0811.65
Net profit margin+5.0%+7.3%+7.3%+10.5%
EPS (β‚Ή)0.851.821.000.57
ParticularsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Equity & liabilities
Share capital20.0020.0020.0020.00
Reserves & surplus195179172153
Shareholders' funds (net worth)215199192173
Minority interest0.000.000.000.00
Secured loans10189.88104110
Unsecured loans37.8127.110.000.00
Total debt138117104110
Total liabilities354316296283
Assets
Gross block215214200200
Net block174181176183
Capital work in progress0.000.000.000.00
Investments2.7628.4626.152.00
Inventories97.8645.0281.8663.67
Sundry debtors18419011782.39
Cash & bank balances40.1636.5068.5916.00
Loans & advances40.6428.8914.2911.96
Total current assets363300282174
Total current liabilities15316214339.35
Net working capital210138139135
Total assets354316296283
ParticularsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Opening cash16.3415.6413.4028.87
Net cash from operating activities(34.16)(16.48)104(5.49)
Net cash from investing activities21.6722.03(76.84)34.31
Net cash from financing activities3.07(4.85)(24.80)(44.28)
Net change in cash(9.42)0.702.24(15.47)
Closing cash40.1636.5068.5916.00
ParticularsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Growth
Sales growth-31.3%+75.5%+149.4%-
EBITDA growth-43.5%+13.6%+47.1%-
PBT growth-61.9%+18.9%+122.8%+9997.0%
Net income growth-53.4%+77.7%+72.4%-
Revenue CAGR (3Y)+44.4%---
EBITDA CAGR (3Y)-1.9%---
Profitability & leverage
Net income margin+5.1%+7.5%+7.3%+10.5%
Return on capital employed+10.7%+22.3%+20.0%+13.1%
Return on net worth+8.2%+18.7%+11.1%+6.7%
Debt / equity0.620.570.590.63
Long-term debt / equity0.350.430.520.57
Interest cover53.1330.7030.5453.86
Efficiency & per share
Fixed asset turnover1.562.351.390.56
Inventory turnover4.687.673.811.75
Debtors turnover1.793.172.781.35
EPS (β‚Ή)0.851.821.000.57
Dividend per share (β‚Ή)0.000.050.080.05
Book value per share (β‚Ή)10.759.939.598.66
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3.035.643.494.862.657.778.174.70
Revenue growth (YoY)+14.3%-27.4%-57.3%+3.4%-57.9%---
Other income7.191.271.000.556.56(2.32)3.711.60
Total expenses5.826.194.154.335.897.154.764.87
EBITDA(2.79)(0.55)(0.66)0.53(3.24)0.623.41(0.17)
EBITDA margin-92.1%-9.8%-18.9%+10.9%-122.3%+8.0%+41.7%-3.6%
Depreciation0.120.120.120.140.100.120.130.13
Interest0.020.080.020.000.050.070.100.11
Profit before tax4.260.520.200.943.17(1.89)6.891.19
Tax1.010.090.040.840.68(2.19)2.960.41
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue16.6426.9426.7330.1644.6735.0950.88
Revenue growth-38.2%+0.8%-11.4%-32.5%+27.3%-31.0%-
Other income9.387.4226.151.121.581.843.66
Total expenses20.5622.5236.4127.4113555.2859.15
Employee cost3.483.672.852.893.153.225.13
EBITDA(3.92)4.42(9.68)2.75(90.19)(20.19)(8.27)
EBITDA margin-23.6%+16.4%-36.2%+9.1%-201.9%-57.5%-16.3%
Depreciation0.480.507.537.207.407.547.91
Interest0.160.3110.4716.2813.9016.3213.89
Profit before tax4.8211.03(1.53)(19.61)(110)(42.21)(26.41)
Tax1.672.18(30.50)(1.54)(0.19)(11.77)(13.05)
Net profit2.718.4538.52(18.06)(21.73)(30.44)(13.42)
Net profit margin+16.3%+31.4%+144.1%-59.9%-48.7%-86.8%-26.4%
EPS (β‚Ή)0.240.832.75(0.90)(5.48)(1.52)(0.67)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital13.3410.6610.5320.0320.0320.0320.00
Reserves & surplus75.3374.8278.6129.6947.96158188
Shareholders' funds (net worth)88.6785.4889.1449.7267.99178208
Secured loans0.000.000.0010510411194.99
Unsecured loans24.0024.0018.510.600.600.600.67
Total debt24.0024.0018.5110610511195.66
Total liabilities113110108156174290304
Assets
Gross block211211211211211211212
Net block29.2429.7029.45134141149156
Capital work in progress0.000.000.000.000.000.000.00
Investments13.5612.5411.260.000.000.000.00
Inventories12.1912.389.5634.8035.8931.3142.78
Sundry debtors22.1923.9026.7184.7678.7389.4099.74
Cash & bank balances3.872.115.052.158.247.418.87
Loans & advances22.2415.084.4614.3915.8719.1622.61
Total current assets60.4953.4745.78136139147174
Total current liabilities3.932.772.541291146.9611.36
Net working capital56.5650.7043.246.8824.69140163
Total assets113110108156174290304
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.391.742.136.961.533.040.65
Net cash from operating activities4.382.78122(0.47)7.200.9342.99
Net cash from investing activities(4.02)(9.32)(0.81)(3.68)(0.92)(1.33)14.68
Net cash from financing activities(0.15)5.19(121)(0.68)(0.84)(1.11)(55.29)
Net change in cash0.20(1.35)(0.40)(4.83)5.43(1.51)2.39
Closing cash3.872.115.052.158.247.418.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-38.2%+0.8%-11.4%-32.5%+27.3%-31.0%-
EBITDA growth-188.7%+145.7%-452.0%+103.1%-346.7%-144.1%-
PBT growth-56.3%+9998.0%+92.2%+82.2%-160.4%-59.8%-
Net income growth-67.9%-78.1%+313.3%+16.9%+28.6%-126.8%-
Revenue CAGR (3Y)-18.0%-15.5%-8.7%-16.0%-34.1%-52.8%-52.9%
EBITDA CAGR (3Y)---21.7%----
Profitability & leverage
Net income margin+18.9%+32.9%+108.4%-59.9%-245.6%-86.8%-26.3%
Return on capital employed+3.2%+8.2%+12.4%0.0%0.0%-8.7%-3.8%
Return on net worth+2.5%+7.6%+44.7%0.0%0.0%-15.8%-6.2%
Debt / equity0.280.240.901.790.880.540.55
Long-term debt / equity0.000.000.000.000.000.140.26
Interest cover-3.647.91-60.84-365.84-14.24-58.85-85.85
Efficiency & per share
Fixed asset turnover0.080.130.130.140.210.170.24
Inventory turnover1.352.461.210.851.330.951.05
Debtors turnover0.721.060.480.370.530.370.40
EPS (β‚Ή)0.240.832.75(0.90)(5.48)(1.52)(0.67)
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)6.658.028.462.483.398.8710.40

Similar companies to Ujaas

Ujaas has 3 listed similar companies in our database, 3 of them funded. They include Rays Power Infra, Amplus Solar and Fourth Partner Energy.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
rayspowerinfra.com2011Jaipur, India$57.02M357
Turnkey solar engineering, procurement, and construction solutions are provided.
amplussolar.com2008Gurugram, India$7.16M150
Solar installation services and renewable energy solutions are provided.
fourthpartner.co2010Hyderabad, India$564.02M425
On-grid and off-grid solar solutions and products are provided.
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Web traffic of Ujaas

The website of Ujaas (ujaas.com) receives about 2.8K visits a month.

  • Monthly visits
    2.8K

    ▼ 39.9% vs previous month

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Top companies in Renewable & Sustainable Energy

3 companies that operate in the same segment as Ujaas (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Hybrid renewable energy solutions are provided for rural communities.
2008Patna, Bihar, IndiaUSD 73.99 MUSD 3.46 M294
Solar energy projects are developed for commercial and industrial clients.
2011Mumbai, Maharashtra, IndiaUSD 442.67 MUSD 166.51 M365
Manufacturer of solar PV modules
1990Mumbai, Maharashtra, IndiaUSD 111.38 MUSD 2.77 B8,690
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Related news about Ujaas

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Frequently Asked Questions about Ujaas

Ujaas was founded in 1979.

Ujaas is headquartered in Indore, India. It is registered at Indore, Madhya Pradesh, India.

Shyam Sunder Mundra is the CEO of Ujaas, as recorded in our data.

Ujaas has 237 employees.

The primary company behind Ujaas, Ujaas Energy Limited, reported revenue of β‚Ή26.02 Cr for FY 2026, down 38% year on year.

Ujaas specializes in providing installation for utility-scale solar PV systems. They claim to supply ISO marked products for the installation of systems. They sold their first solar REC from its 2MW power plant in March 2012 at Rajasthan. Also, they are involved in the manufacturing of panel meters and have set up their manufacturing unit in Madhya Pradesh. They have installed a solar project with 34.3MW power in MP, a 13.86MW power plant in Shajapur, and a 32.88MW in Ichhawar region of MP etc.

Ujaas's top competitors include Rays Power Infra, Fourth Partner Energy and Amplus Solar.

Yes, Ujaas is publicly traded on NSE under the ticker symbol UEL.

Ujaas is associated with 2 legal entities: Ujaas Energy Limited, Ujaas E Auto Private Limited.

The legal entities of Ujaas currently have 9 directors, including Pravgya Mundra, Sarita Mundra, Girish Kataria and others.

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