Urja Global Limited (URJA)

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Urja Global Limited (URJA) · mywealthgrid

About

Urja Global manufactures electrical equipment in Industrials sector. Market cap ₹527 Cr, quarterly standalone revenue ₹13–18 Cr. Operating margins average 3.19%, volatile between 2.46–5.06% across recent quarters.

Face value: ₹1

Market cap

₹480 Cr

P/E

330.9×

P/B

2.6×

Dividend yield

ROE

0.8%

ROCE

1.2%

Debt / equity

0.05

OPM

3.2%

EPS (TTM)

₹0.0

Book value

₹3.3

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

PE 363.53 implies near-zero earnings; market pricing recovery that current results don't confirm

OPM fell from 5.06% (Sep 2025) to 2.46% (Dec 2025); thin margins mean revenue decline triggers losses

ROE 0.77% means capital deployed earns almost nothing; turnaround needs margin recovery or 5–10x revenue growth

Promoter shareholding fell 18.35% to 17.37% in three months, signaling possible insider loss of confidence

Generated analysis · source review pending

Growth drivers

Revenue stable ₹13–17 Cr/quarter; growth beyond range flows largely to bottom line at 3% OPM

OPM peaked 5.06% (Sep 2025), now 2–4%; recovery alone would triple operating profit — verify Sep spike drivers and if repeatable

D/E 0.05 enables capex investment if strategy exists; verify management capital deployment plans

Power/infrastructure capex cycles drive electrical equipment demand; verify if sector entering growth phase

Generated analysis · source review pending

2,347 historical price candles were omitted because the exchange source has not been verified.

₹8.6-3.3%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0.1)

Cons

−Low return on equity of 0.9% (3-yr avg)
−Thin operating margin of 3.2%
−Profit declined 4.9% a year over the last 5 years
−Revenue shrank over the last 5 years (-14.8% a year)
−Expensive at 330.9× trailing earnings
−Low promoter holding of 17.4%

Research score

Structured signal from quality, growth, valuation and momentum.

22/100

Business quality: 25
Growth: 19

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Apar Industries LimitedAPARINDSAPARINDS	₹70,945 Cr	₹71,785 Cr	₹24,389 Cr	₹2,159 Cr	8.2%	₹1,182 Cr	4.3%	32.6%	19.7%	30
Waaree Energies LimitedWAAREEENERWAAREEENER	₹67,322 Cr	₹69,813 Cr	₹30,043 Cr	₹6,351 Cr	22.3%	₹2,763 Cr	14.6%	39.7%	30.9%	95
Premier Energies LimitedPREMIERENEPREMIERENE	₹39,863 Cr	₹43,480 Cr	₹8,466 Cr	₹2,543 Cr	30.4%	₹1,665 Cr	19.3%	36.3%	42.4%	115
Mtar Technologies LimitedMTARTECHMTARTECH	₹24,015 Cr	₹24,384 Cr	₹1,080 Cr	₹228 Cr	19.5%	₹133 Cr	10.7%	17.2%	12.1%	419
Emmvee Photovoltaic Power LimitedEMMVEEEMMVEE	₹21,177 Cr	₹21,355 Cr	₹5,578 Cr	₹1,932 Cr	34.3%	₹1,274 Cr	21.4%	43.6%	51.1%	159
Diamond Power Infrastructure LimitedDIACABSDIACABS	₹18,182 Cr	₹20,711 Cr	₹2,298 Cr	₹270 Cr	11.7%	₹197 Cr	8.3%	12.4%	—	93
Avalon Technologies LimitedAVALONAVALON	₹15,232 Cr	₹15,415 Cr	₹1,764 Cr	₹201 Cr	10.8%	₹134 Cr	7.1%	23.4%	16.9%	160
Fujiyama Power Systems LimitedUTLSOLARUTLSOLAR	₹12,327 Cr	₹12,788 Cr	₹3,403 Cr	₹639 Cr	18.5%	₹294 Cr	11.5%	29.6%	23.9%	123
Genus Power Infrastructures LimitedGENUSPOWERGENUSPOWER	₹8,518 Cr	₹10,817 Cr	₹5,173 Cr	₹973 Cr	19.2%	₹652 Cr	12.5%	31%	29%	188
Waaree Renewable Technologies LimitedWAAREERTLWAAREERTL	₹8,436 Cr	₹8,517 Cr	₹3,652 Cr	₹697 Cr	19.2%	₹511 Cr	14.4%	84.1%	68.9%	37
Ram Ratna Wires LimitedRAMRATRAMRAT	₹5,752 Cr	₹6,407 Cr	₹6,047 Cr	₹310 Cr	5.1%	₹127 Cr	2.1%	30.4%	20.1%	33
Vikram Solar LimitedVIKRAMSOLRVIKRAMSOLR	₹5,594 Cr	₹5,694 Cr	₹5,232 Cr	₹800 Cr	19.1%	₹357 Cr	9.8%	31.4%	21.3%	11

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	164	148	73	40	44	67	67
COGS	160	145	68	33	34	53	54
Gross profit	4	3	5	6	11	14	12
	3	3	4	5	8	12	10
	1	-0	1	1	2	2	2
OPM %	0.7%	-0.1%	0.7%	3.5%	5.2%	2.7%	3.2%
Depreciation	0	0	0	0	0	0	0
Interest	1	1	1	1	1	1	1
	2	3	2	2	1	1	1
Profit before tax	2	2	1	2	3	2	2
Tax	1	0	0	0	1	1	1
Tax %	36.4%	20.2%	23.2%	22.7%	28.4%	32%	32.2%
	1	2	1	2	2	1	1
PAT margin %	0.7%	1.2%	1.1%	3.8%	4.6%	2.1%	2%
EPS (₹)	0	0	0	0	0	0	0
EPS adjusted (₹)	0	0	0	0	0	0	0
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	51	51	51	52	53	53	53	53	53
Reserves	103	104	—	111	117	119	121	122	123
Minority interest	—	—	—	9	9	9	14	14	14
	8	7	—	2	3	3	5	8	9
	19	48	—	355	382	101	89	93	48
Total equity & liabilities	180	209	—	529	565	285	283	291	248
	95	94	5	48	48	139	89	48	104
CWIP	—	—	—	90	90	—	0	79	0
Investments	—	—	—	1	1	1	1	1	0
	86	115	0	391	426	146	193	163	144
Total assets	180	209	5	529	565	285	283	291	248

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Electric Vehicle	49.84	-9.53	-36	-35.72
Renewable Energy	14.67	11.91	0	0.01
Batteries	2.19	0.15

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	2.5%	2.1%	6.9%	16.4%	23.9%	20.9%	18.3%
EBITDA margin %	0.7%	-0.1%	0.7%	3.5%	5.2%	2.7%	3.2%
EBIT margin %	0.5%	-0.4%	0.2%	2.7%	4.5%	2.1%	2.5%
PAT margin %	0.7%	1.2%	1.1%	3.8%	4.6%	2.1%	2%
Working capital
Receivable days	—	107	295	95	124	124	91
Inventory days	—	20	74	221	422	278	271
Payable days	—	199	188	94	0	46	48
NWC days	—	-72	181	222	546	355	314
Leverage
Current ratio	—	0.79	1.91	1.57	1.42	1.43	1.86
Debt to EBITDA	—	—	5.1	2.44	2.17	4.63	4.33
Debt to equity	—	0.01	0.02	0.02	0.03	0.05	0.05
Interest coverage	3.2	4.5	2.4	3.2	5.3	4.3	4.7
Asset turnover	33.11	0.28	0.13	0.14	0.16	0.23	0.27
Return ratios
Return on assets %	22.7%	0.3%	0.1%	0.5%	0.7%	0.5%	0.5%
Return on capital employed %	—	0.6%	0.4%	0.8%	1.4%	1.1%	1.2%
Return on equity %	—	1.1%	0.5%	0.9%	1.2%	0.8%	0.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	22.56%	20.32%	19.43%	19.43%	19.43%	19.43%	19.43%	18.65%	18.65%	18.35%	18.35%	17.37%
	0.07%	0%	0.06%	0.44%	0.11%	0.13%	0.12%	0.16%	0.43%	0.18%	0.1%	0.02%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	77.37%	79.68%	80.51%	80.13%	80.46%	80.44%	80.45%	81.19%	80.92%	81.47%	81.55%	82.61%
No. of shareholders	—	—	—	—	—	—	—	—	8,25,646	8,01,946	7,82,937	7,71,706

Promoter holding down 5.19 percentage points since Sep 2023.

227 deals · 2 Aug 2021 – 28 Apr 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Apr 2026	ANKITA VISHAL SHAH	Bulk	NSE	Buy	68,98,112	₹12.81	₹8.84 Cr
28 Apr 2026	ANKITA VISHAL SHAH	Bulk	NSE	Sell	36,27,661	₹12.80	₹4.64 Cr
28 Apr 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Buy	27,79,894	₹12.66	₹3.52 Cr
28 Apr 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Sell	27,79,894	₹13.05	₹3.63 Cr
22 Feb 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	40,00,000	₹23.30	₹9.32 Cr
22 Feb 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	3,82,040	₹23.30	₹0.89 Cr
19 Feb 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	29,10,000	₹25.10	₹7.30 Cr
2 Feb 2024	MANSI SHARE AND STOCK ADVISORS PVT LTD	Bulk	NSE	Sell	41,29,190	₹39.70	₹16.39 Cr
2 Feb 2024	MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	27,85,848	₹39.85	₹11.10 Cr
2 Feb 2024	MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	5,12,715	₹39.85	₹2.04 Cr

1–10 of 227

1 / 23

Mr. Gajanand GuptaNon-Executive - Non Independent Director-Chairperson
Mr. Mohan Jagdish AgarwalExecutive Director-MD
Mr. Yogesh Kumar GoyalExecutive Director
Mrs. Mita SinhaNon-Executive - Independent Director
Mr. Mukul JainNon-Executive - Independent Director
Mr. Gopalsetty Prasad raoNon-Executive - Independent Director
Ms. Anuradha TomarNon - Executive Independent Director
Mr. Amitav RoyChief Executive Officer
Mr. Vijay Kumar SinghalChief Financial Officer
Ms. Mikita GuptaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Urja Global Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results5 Aug 2026

1

Face value ₹10 → ₹116 Sept 2015 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

2 announcementsExport CSV

22 Sept 2026, 3:04 pmCompany Update

Announcement Under Regulation 30(LODR)

General PDF

22 Sept 2026, 2:35 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

Date	Category	Subject	Filing
22 Sept 2026, 3:04 pm	Company Update General	Announcement Under Regulation 30(LODR)	PDF
22 Sept 2026, 2:35 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	2.5%	2.1%	6.9%	16.4%	23.9%	20.9%	18.3%
EBITDA margin %	0.7%	-0.1%	0.7%	3.5%	5.2%	2.7%	3.2%
EBIT margin %	0.5%	-0.4%	0.2%	2.7%	4.5%	2.1%	2.5%
PAT margin %	0.7%	1.2%	1.1%	3.8%	4.6%	2.1%	2%
Working capital
Receivable days	—	107	295	95	124	124	91
Inventory days	—	20	74	221	422	278	271
Payable days	—	199	188	94	0	46	48
NWC days	—	-72	181	222	546	355	314
Leverage
Current ratio	—	0.79	1.91	1.57	1.42	1.43	1.86
Debt to EBITDA	—	—	5.1	2.44	2.17	4.63	4.33
Debt to equity	—	0.01	0.02	0.02	0.03	0.05	0.05
Interest coverage	3.2	4.5	2.4	3.2	5.3	4.3	4.7
Asset turnover	33.11	0.28	0.13	0.14	0.16	0.23	0.27
Return ratios
Return on assets %	22.7%	0.3%	0.1%	0.5%	0.7%	0.5%	0.5%
Return on capital employed %	—	0.6%	0.4%	0.8%	1.4%	1.1%	1.2%
Return on equity %	—	1.1%	0.5%	0.9%	1.2%	0.8%	0.8%

₹ Cr	Mar 2016	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	-8	-8	1	-9	-7	-26
	4	2	-1	1	7	6	23
	-3	6	9	-1	3	2	0
Net cash flow	—	0	-0	0	1	2	-3
Free cash flow	—	-9	-8	1	-9	-7	-26
CFO / Operating profit %	—	—	—	67.2%	-374%	-363.7%	—

Urja Global Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

1

Announcements

Not in the F&O segment

No fund holdings on record

1

1

Announcements

Annual reports

Credit ratings

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Batteries · revenue

Urja Global Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Board meetings1

Stock splits1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Batteries · revenue

1

1

1

1