Urja Global Limited (URJA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-139.4%

-₹3.23

vs ₹8.22 price

Levered DCF

-₹12.57

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	267×	489.17×	519.69×	250×	1,138.16×	190.96×	45.15×	27,500×
P/B	2.02×	3.55×	6.08×	2.22×	5.15×	2×	0.33×	0.95×
P/S	5.35×	9.25×	23.77×	9.64×	12.03×	2.24×	0.31×	1.07×
EV / EBITDA	171.27×	309.41×	262.43×	119.56×	391.55×	102.88×	19.64×	89.18×
Gross margin	11.0%	20.9%	23.8%	16.4%	6.7%	2.2%	2.4%	2.0%
Operating margin	2.5%	2.1%	7.0%	2.9%	0.3%	-0.4%	0.5%	-0.7%
Net margin	2.0%	1.9%	4.6%	3.9%	1.1%	1.2%	0.7%	0.0%
Current ratio	1.86×	1.43×	1.42×	1.06×	1.91×	4.3×	1.09×	1.13×
Debt / equity	0.05×	0.05×	0.03×	0.14×	0.06×	0.03×	0.04×	0.04×
Interest coverage	3.02×	2.28×	4.34×	1.25×	0.29×	-0.82×	0.94×	-1.4×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.8%	0.7%	1.2%	0.9%	0.5%	1.0%	0.7%	0.0%
Return on invested capital	0.6%	0.4%	0.9%	0.3%	0.0%	-0.1%	0.3%	-0.0%
Return on assets	0.5%	0.4%	0.7%	0.5%	0.1%	0.3%	0.2%	0.0%
Free cash flow yield	0.0%	-1.0%	-0.8%	-2.5%	-1.2%	-2.5%	-1.4%	-1.1%
Earnings yield	0.4%	0.2%	0.2%	0.4%	0.1%	0.5%	2.2%	0.0%
Enterprise value	₹3.7B	₹6.3B	₹10.6B	₹4.1B	₹8.9B	₹3.4B	₹560.1M	₹1.5B
Net debt / EBITDA	3.99×	2.37×	0.93×	6.9×	4.76×	1.38×	1.85×	3.37×
Cash conversion cycle (days)	295	356	346	386	269	603	18	20