Mehabe score: 0 G Factor: 4 Piotski Score: 5 The stock has a rating HOLD. The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 4 and Piotski score of 5.
Description
Urja Global is primarily engaged in the business of Design, Consultancy, integration, supply, installation, commissioning & maintenance of off-grid and grid-connected Solar Power Plants and decentralized Solar Applications.Site:URJAMain Symbol:URJAGLOBA
Stock trades at 7.0, below its 50dma 7.25. However it is trading above its 200dma 6.21. The stock remains weak in the short term due to near term bearish momentum. However overall bullish structure remains intact. Price action will further build up as it moves above its dma50, currently situated at 7.25.
The 52 week high is at 9.48 and the 52week low is at 2.42
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
-Promoter holding has decreased over last quarter: -0.42%
-The company has delivered a poor sales growth of 3.02% over past five years.
-Promoter holding is low: 31.55%
– has a low return on equity of 0.62% for last 3 years.
-Earnings include an other income of Rs.3.36 Cr.
– has high debtors of 889.59 days.
Competition
– The industry trades at a mean P/E of 47.6x. Urja Global trades at the industry’s max P/E of 204.05x. URJA trades at a P/E of 204.0x
– Industry’s mean G-Factor is 4.0 while the mean Piotski score is 7.0. URJA has a G-Factor of 4 and Piotski scoreof 5.
– Average 1 month return for industry is -0.1%. The max 1- month return was given by Rain Industries: a return of 26.53 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 53.54 cr compared to Rs 30.17 cr for period ended Mar 2020, a rise of 77.5%
Company reported negative operating profit of Rs -0.55 cr for period ended Mar 2021. For same period last year, operating profit was -0.05
The EPS for Mar 2021 was Rs 0.02 compared to Rs 0.01 for previous quarter ended Dec 2020 and Rs 0.01 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 148.0 cr for period ended Mar 2021 vis-vis sales of Rs 164.0 cr for the period ended Mar 2020, a fall of 10.8%. The 3 year sales cagr stood at 3.6%.
Net Profit reported at Rs 2.0 cr for period ended Mar 2021 vis-vis sales of Rs 1.0 cr for the period ended Mar 2020, rising 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 1.0% compared to 1.0% over the last 3 Years. – The stock has given a return of 156% on a 1 Year basis vis-vis a return of 30% over the last 3 Years. – The compounded sales growth on a TTM bassis is -9% vis-vis a compounded sales growth of 4% over the last 3 Years. – The compounded profit growth on a TTM basis is 55% vis-vis a compounded profit growth of 59% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 0.43% vis-vis 0.43% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 67.58% vis-vis 67.58% for Mar 2021
Conclusion
– is almost debt free. – Though the company is reporting repeated profits, it is not paying out dividend
-Promoter holding has decreased over last quarter: -0.42%
-The company has delivered a poor sales growth of 3.02% over past five years.
-Promoter holding is low: 31.55%
– has a low return on equity of 0.62% for last 3 years.
-Earnings include an other income of Rs.3.36 Cr.
– has high debtors of 889.59 days.
The business fundamentals of the stock remain stable. Stronger near term results will build interest in the stock. We suggest to wait for a upturn in business performance.
Technically, the stock remains below its 50 DMA 7.25 and is trading at 7.0. Shows a near term lack of buying interest.
