Introduction: The share price of this electrical equipment firm surged by 5 percent to an all-time 52-week high of Rs 282.70 per share after the company announced the issuance of bonus shares in the ratio of 1:4.
Share price movement: With a market capitalization of Rs 2,976.87 crores, the shares of Ujaas Energy Limited hit a 5 percent upper circuit on Tuesday’s market hours. Ujaas Energy Limited shares have generated multi-bagger returns of 12,928 percent over the past year and 942 percent over the past 6 months.
What happened: According to Ujaas Energy Limited stock exchange filings, the company announced the issuance of bonus shares to public equity shareholders in the ratio of 1:4. That means For every 4 existing Re 1 share a shareholder has, they will receive 1 new fully paid-up Re 1 share each.
The estimated time by which the bonus shares would be dispatched is within 2 months from the date of board approval.
Also read
Financials: Reviewing the financials of Ujaas Energy Limited on a year-on-year basis, the revenues declined by 13 percent from Rs 31 crores in FY23 to Rs 27 crores in FY24. In the same time frame, the net profits of the firm witnessed a transition from a net loss of Rs 17 crores to a net profit of Rs 29 crores.
Ratios: In terms of return ratios for the year 2024, it has reported a return on equity (ROE) of 32.48 percent and a return on capital employed (ROCE) of 20.71 percent. It has also reported a net profit margin of 108.34 percent over the same time period.
Borrowings : The borrowings of Ujaas Energy Limited reduced by 82 percent from Rs 106 crores In FY23 to Rs 19 crores in FY24.
Shareholding Pattern: As of March 2024, Ujaas Energy Limited’s shareholding pattern stood at 94.97 percent for promoters, and the rest 5.03 percent owned by the public
About the Company: Incorporated in 1999, Ujaas Energy Ltd is engaged in the generation of solar power and manufacturing, sales and services of solar power plant projects, and manufacturing and sales of Electric vehicles.
Written By Zahal
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
