⚡ Ujaas Energy Ltd – Is This a Clean Energy Revival or a Bubble With Solar Panels?
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🔍 At a Glance
Once a rising star in the solar EPC space, Ujaas Energy is making headlines again with a near 300% stock rally in 3 years. But behind the scenes, sales have collapsed, and profits are sporadic at best. With working capital days of 828 and debtor days over 300, is this a revival or just another low-float momentum mirage?
🧱 Business Model – WTF Do They Even Do?
Ujaas operates in:
⚡ Solar Power Projects – EPC + O&M for third-party clients
☀️ Own solar farms – Long-term PPA revenue
🔌 Electric Vehicle products – Recent vertical, minimal details
🏭 Solar product manufacturing – Panels, structures, inverters (small scale)
They were among India’s first listed pureplay solar companies but lost ground as competition surged and capex dried up.