This small-cap solar stock engaged in the business of renewable energy, focusing on solar power generation, solar products, and providing sustainable energy solutions across India, hit a 5 percent upper circuit after the company’s board recommended a bonus issue of 17:25.
Stock Price Movement
With a market capitalization of Rs. 5,045.57 crores, the shares of Ujaas Energy Limited hit a 5 percent upper circuit of Rs. 473.20 per share on Monday, up from its previous closing price of Rs. 450.70 per share.
What is the news?
The Board of Ujaas Energy Limited has recommended issuing bonus shares in the ratio of 17:25, meaning shareholders will receive 17 fully paid-up equity shares of Re. 1 each for every 25 fully paid-up equity shares held. The issue applies to public shareholders, excluding promoters. This approval is needed at the Extraordinary General Meeting and regulatory clearances for compliance.
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Business Segments
The company operates across three main segments, such as Solar Power, Transformer Manufacturing, and Electric Vehicles. In Solar Power, it manages over 185 MWp capacity through Solar Parks, including major projects in Rajasthan and Karnataka, provides EPC services to clients like AAI and Oil India, and has installed 8.5 MWp in Rooftop Solar.
The company manufactures distribution, power, and specialty transformers for state electricity boards and industries. Recently, it ventured into Electric Vehicles, producing electric scooters for the growing mobility market.
Recent quarter results
Ujaas Energy Limited’s revenue has increased from Rs. 5.84 crore in Q3 FY24 to Rs. 8.17 crore in Q3 FY25, which has grown by 39.90 percent. The net profit has decreased by 91.35 percent from Rs. 45.45 crore in Q3 FY24 to Rs. 3.93 crore in Q3 FY25.
Written By – Nikhil Naik
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