Urja Global (URJA) share price, P/E, ROE & financials

On 6 Nov 2026, Urja Global was priced at ₹8.43, or 421.5× trailing earnings, against an industry P/E of 15.5×, and the shares are 37% below their 52-week high. Its ROCE of 1.3% is the lowest among the 7 largest Solar peers, and sales grew 19% a year over 3 years while net profit fell 4.4%. Debt is 0.25× equity. It is a small-cap company with a market cap of ₹470 Cr, ranked 19th of 27 Solar companies by market cap; the shares fell 33% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹8.62
Day high: ₹8.65
Day low: ₹8.18
Prev. close: ₹8.62
Volume: 5.5 L

Health check

1 fair · 5 to check

ReturnsBehind
−32.9% over a year, better than 2 of 7 peers.
Price tagPricier
P/E 421.5 vs industry 15.5.
GrowthSlow
Sales +19.0%, profit −4.4% a year over 3 years.
ProfitabilityWeak
ROCE 1.3% vs peer median 27.4%.
Balance sheetFair
Debt 0.25× equity, interest covered 4.7×, Piotroski 5 of 9.
Red flags5 to check
Return on equity is low at 0.8%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Solar

26 listed peers. Screen the industry

Small cap

₹470 Cr, #19 of 27 in its industry by size.

Defensive

Beta 0.46 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹62 Cr · profit ₹1 Cr

Market cap: ₹470 Cr; Small cap
P/E: 421.5; Industry 15.5
Price to book: 2.55; Peers 4.38
Dividend yield: 0.00%
ROE: 0.8%; Peers 29.9%
ROCE: 1.3%; Peers 27.4%
Debt to equity: 0.25; Debt ₹47 Cr
EPS (TTM): ₹0.02; Face value ₹1
OPM (TTM): 3.1%; Net margin 2.1%
Sales growth: −26.6%; Latest quarter vs a year ago
Profit growth: −13.9%; Latest quarter vs a year ago
Price to sales: 7.62; EV/EBITDA 249.0

Risks to check

Return on equity is low at 0.8%.
Quarterly profit down 13.9% on a year ago.
Quarterly sales down 26.6% on a year ago.
P/E of 421.5 against an industry P/E of 15.5.
37% below its 52-week high.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Urja Global

Urja Global Limited, together with its subsidiaries, engages in the design, consultancy, integration, supply, installation, commissioning, and maintenance of off-grid and grid-connected solar power plants and decentralized solar applications in India. The company offers lithium IOB, automotive, inverter, solar, and e-rickshaw batteries under the Urja and I-volt brand names; solar study lamps, LED lanterns, solar panels and inverters, and solar home…

Headquarters: New Delhi
Employees: 45
Sector: Technology
ISIN: INE550C01020
Website: urjaglobal.in

Price range

52 weeks

₹7.38₹13.38

Today

₹8.18₹8.65

Avg volume (3M): 5.6 L
1-year return: minus 32.9%
From 52-week high: minus 37.0%

Peers · Solar

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
WAAREEENERWaaree Energies	2,438.00	minus 0.46%	70,129	19.0	12.0	30.1%	19.9%	0.31	57.8%	minus 27.3%
PREMIERENEPremier Energies	890.00	plus 0.85%	40,316	22.5	17.4	27.4%	29.9%	0.86	76.2%	minus 15.3%
EMMVEEEmmvee Photovoltaic Power	251.31	minus 0.28%	17,399	12.1	9.7	34.5%	34.7%	0.25	102.7%	plus 14.5%
KARAMTARAKaramtara Engineering	375.70	minus 0.96%	12,091	52.8	27.7	18.1%	9.0%	0.91	40.4%	plus 6.7%
UTLSOLARFujiyama Power Systems	351.80	minus 9.21%	10,811	35.7	22.5	28.9%	18.8%	0.41	58.7%	plus 68.8%
BORORENEWBOROSIL RENEWABLES	403.20	minus 2.55%	5,934	13.4	12.1	9.5%	30.1%	0.07	20.2%	minus 37.6%
VIKRAMSOLRVikram Solar	142.39	plus 1.95%	5,160	14.1	6.0	20.5%	15.4%	0.20	32.3%	minus 56.6%
URJAUrja Global	8.43	minus 2.20%	470	421.5	197.8	1.3%	3.1%	0.25	19.0%	minus 32.9%
Median of 7 peers	–	−0.46%	12,091	19.0	12.1	27.4%	19.9%	0.31	57.8%	−15.3%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Mar 25	Jun 25	Dec 25	Mar 26	Jun 26
17.2	19	14.6	17.6	14
–	–	–	+2.3%	minus 26.6%
16.5	18.4	14.3	17.1	13.4
0.7	0.6	0.4	0.5	0.6
4.1%	3.3%	2.5%	2.7%	4.0%
0.3	0.6	0.1	0.1	0.1
0.1	0.1	0.1	0.1	0.1
0.1	0.1	0.1	0.1	0.1
0.8	1	0.2	0.4	0.4
79.7%	–	–	–	–
0.1	0.5	0.4	0.2	0.4
–	–	–	+67.0%	minus 13.9%
0.00	0.01	0.01	0.00	–

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +19.0%
Profit CAGR 3Y: −4.4%
EPS CAGR 3Y: 0.0%
ROE: 0.8%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
39.6	44.5	67.2	66.7
–	+12.4%	+51.2%	minus 0.8%
37.9	40.9	65.2	64.2
1.7	3.6	2	2.5
4.3%	8.0%	3.0%	3.8%
1.8	1.4	1.2	0.6
1	0.7	0.6	0.5
0.5	0.5	0.6	0.5
−0	−1	–	−0.1
2	2.8	2	2
22.9%	28.3%	31.9%	32.2%
1.5	2	1.3	1.3
–	+33.4%	minus 37.5%	+5.0%
0.03	0.04	0.02	0.03

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
53.4	53.4	53.4	53.4
119	121	122	123
23.9	37	45	32.4
89.5	71.6	70.8	38.9
285	283	291	248
94.9	89.2	83.6	60.6
90.9	85.3	79	55.9
0.7	0.7	0.7	0.7
0.6	1.2	3.5	0.7
98.3	106	124	130
285	283	291	248

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−5.1	−8.6	−6.5	−26.1
0.6	6.6	6.3	23.1
−0.5	2.7	2.4	0.3
−5	0.7	2.2	−2.8
−1.2	–	–	–
−6.3	−8.6	−6.5	−26.1

Shareholding pattern

Source: NSE filings

17.2%

promoters

Promoters17.21%
Public82.79%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	17.21%	82.79%	minus 0.16
30 Jun 2026	17.37%	82.63%	minus 0.98
31 Mar 2026	18.35%	81.65%	0.00
31 Dec 2025	18.35%	81.65%	minus 0.30
30 Sep 2025	18.65%	81.35%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you