Urja Global Share Price Target 2022, 2023, 2024, 2025, and 2030

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Urja Global share price target 2022, 2023, 2024, 2025, and 2030: In this article, you will learn about Urja Global share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.

For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term. To make it clear to you, in this article we have mentioned Urja Global share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals of the company.

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Urja Global: Company Profile

Urja Global Limited (UGL) was incorporated in 1992 and its registered office is located at 3, Gagan Vihar, Delhi. It is one of India’s leading energy developers and operators. Its team comprises of seasoned professionals with a proven track record in building and managing various power projects across the globe.

The company is engaged in power generation businesses in India. It offers solutions to deliver solar energy to utility, government, and commercial customers. The company also engages in various activities like manufacturing and trading of crystalline photovoltaic (PV) modules, developing and investing in PV based solar power plants, delivering generation services in the field of hydro and thermal power, promoting the use of solar energy and its products, and provides solar energy products and after-sale services. The company focuses on developing two hydropower projects in the North Eastern States of India; a coal-based power plant near Jamtara district of Jharkhand; and solar plants in Haryana, Gujarat, Rajasthan, and Andhra Pradesh.

With more than two decades of experience, they have established as one of the country’s leading industrial companies and a strong well-diversified conglomerate that is active in Renewable Energy, IT&ITES, Tours & Travel, and Education & Training having a presence across the globe.

Urja Global assures customer satisfaction in terms of product quality and service. Urja offers outstanding quality varied Solar Products that make use of green and clean energy simple viz. Solar Home Lighting Systems,

Share Holding Pattern

Urja Global Share Price Target 2022, 2023, 2024, 2025, and 2030

Net Sales

Urja Global Share Price Target 2022, 2023, 2024, 2025, and 2030

Net Profit

Urja Global Share Price Target 2022, 2023, 2024, 2025, and 2030

Urja Global Technical Analysis

Urja Global Overview

Urja Global Financials

Urja Global Share Price Target 2022

With a strong design and manufacturing background, Urja Global has developed itself as a leading manufacturer of Solar Energy Systems to cater to almost the complete range of customer requirementsUrja Global Limited is promoted by the promoters group hailing from Rajasthan, India.

With more than two decades of experience, Urja Global has been established as one of the country’s leading industrial companies and a strong well-diversified conglomerate that is active in Renewable Energy, IT&ITES, Tours & Travel, and Education & Training having a presence across the globe. Urja Global mission is to become the market-driven global leader in the renewable energy industry.

Products of Urja Global

Urja has its products in the following segments.

  • E-Rickshaw.
  • Batteries.
    • Solar Batteries.
    • E-Rickshaw Batteries.
    • Automotive Batteries.
    • Inverter Batteries.
  • Solar Inverter.
  • LED Lights.
  • PV Module.
  • Water Heater.
  • Solar Lanterns.
  • Power Pack.
  • Home Lighting.
  • Solar Charge Controller.

Major Projects of Urja Global

  • Supply of Solar Lanterns to CRPC.
  • Supply of AC LED lights in Ardh Kumbh Mela, 2016.
  • Installed SPV power plant at shulabh toilet complex.
  • Installed solar LED street lights in various gram panchayats.
  • Installed solar panels in various gram panchayats.

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Growth drivers for Urja Global

Urja global manufactures E-Rickshaw, Batteries, Solar inverters & equipment, and electric vehicles. In the electric vehicles segment, Urja global manufactures scooters and passenger vehicles. All these segments have huge potential in the upcoming years.

Urja global may not be able to capture the organized market but Urja global has the potential to capture the unorganized market in E-Rickshaws, and E-scooters segment. Urja global also manufactures solar products, which have huge potential in the future.

Electric Vehicles

The rise in pollution-related diseases left us no option except to switch to electric cars, especially when it comes to public transport, which could potentially reduce carbon emissions, thus slowing down climate change and global warming. Electric vehicles are 100% emission-free as they run on electrically powered engines. Consequently, they do not emit any toxic gases or smoke that could adversely affect the environment.

Electric motors, being lighter, offer a smoother drive with higher acceleration over longer distances than cars running on fossil. Urja global Electric vertical will be a stepping stone toward designing an intelligent, futuristic transport infrastructure that is capable of catering to the mobility needs of the country’s huge population.

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Solar Products

To promote the adoption of solar energy across the globe and in order to conserve the environment and to provide environment friendly, affordable, and sustainable power supply the Company is setting up “Urja Kendra’s” for the distribution of its Products & Services. Increasing demand for energy and rising environmental concern leads to the growth of the solar power products market.

Increasing government initiatives for green energy owing to environmental concerns such as greenhouse gas emissions are boosting the demand for solar power products.

The government also provides incentives and subsidies for solar-powered products such as solar pumps and solar lanterns helping to boost this market. We at URJA develop products like Solar street lights, Solar power pack systems, Solar PV modules, Solar inverters, Solar chargers, solar water heaters, etc.

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India sets Year-on-year Targets to Reach the Ambitious 2022 Solar Goal
Urja global share price target 2022, 2023, 2024, 2025, 2030

Batteries

Urja global wholly owned subsidiary company is engaged in the manufacturing, assembling, marketing & exporting of a wide range of batteries, including storage batteries, alkaline batteries, dry batteries, solar power batteries, emergency lights, dry cell converters, and we are also going to start Lithium-Ion Batteries used in or required for industrial, transport, commercial, and domestics purposes.

By considering all the above-mentioned factors, Urja Global share price target for 2022 is Rs 27.

Urja Global share price target 2022
Rs 27

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Urja Global Share Price Target 2023

National Institute of Solar Energy has assessed the Country’s solar potential of about 748 GW assuming 3% of the wasteland area to be covered by Solar PV modules. Solar energy has taken a central place in India’s National Action Plan on Climate Change with the National Solar Mission as one of the key Missions.  National Solar Mission (NSM) was launched on 11th January 2010. NSM is a major initiative of the Government of India with active participation from States to promote ecologically sustainable growth while addressing India’s energy security challenges.

It will also constitute a major contribution by India to the global effort to meet the challenges of climate change. The Mission’s objective is to establish India as a global leader in solar energy by creating the policy conditions for solar technology diffusion across the country as quickly as possible. The Mission targets installing 100 GW of grid-connected solar power plants by the year 2022. This is in line with India’s Intended Nationally Determined Contributions(INDCs) target to achieve about 40 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources and to reduce the emission intensity of its GDP by 33 to 35 percent from the 2005 level by 2030.

In order to achieve the above target, the Government of India has launched various schemes to encourage the generation of solar power in the country like the Solar Park Scheme, VGF Schemes, CPSU Scheme, Defence Scheme, Canal bank & Canal top Scheme, Bundling Scheme, Grid Connected Solar Rooftop Scheme, etc.

Urja global has given 300% returns in the past year, 289% in the last 6 months, 122% in the last one month, and 4.3% in the last one week. Urja global has given multi-bagger returns to its investors and the company will continue to give stellar returns even in the future. By considering all these factors, Urja Global share price target for 2023 is Rs

Urja Global Share price Target 2023
Rs 35

Urja Global Share Price Target 2024

In India, owning a four-wheeler was always considered the biggest luxury, after owning a home which comes both in the necessity for some and luxury for others. But with time and the increase in consumption power, owning a car has slowly but surely become an item of necessity. It is no more a symbol of only status as it was earlier.

Over the last decade, the four-wheeler market in India has been the fastest-growing in its segment. Nearly 4 million units of vehicles were sold in the year 2019 and are expected to grow at a rapid pace. Automobile export grew at a rapid rate of 14.5% during FY 19 in India.

The growth in the consumption of electric vehicles has been commendable. It has witnessed a growth of 20% to reach 1.56 lakh units in 2019-20. By considering all these factors, Urja Global share price target for 2024 is Rs 44.

Urja Global share price target 2024
Rs 44

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Urja global share price target 2025

The country has identified the potential of renewable energy, such as solar and wind, in decarbonizing the economy and meeting targets as per the Paris agreement, and the government of India has been bent towards increasing the share of renewable in the country’s energy mix.

The government of India is aiming at 25,750 MW of new power generation capacity from solar plants under the ambitious Pradhan Mantri Kisan Urja Suraksha evam utthaan mahabhiyan scheme by 2022, with total financials of more than Rs.32,000 crores.

Moreover, back in 2016, the government pledged that 40% of the country’s installed electricity capacity is expected to come from renewable sources by 2030 as part of its Nationally Determined contribution for the commitments made at the Paris Agreement.

As a part of the Paris agreement commitments, the Indian government set an ambitious target of achieving 175GW of renewable energy capacity by 2022. In July 2019, the government announced that it was planning to increase the renewable energy target to 500 GW by 2030 to clean up the air in its cities and lessen the rapidly growing economy’s dependence on coal.

Moreover, the government is planning to add 175 GW of renewable energy by 2022, which includes 100 GW of solar and 60 GW of wind energy. The country has spent more on investment in solar PV than in all fossil fuel sources of electricity generation together. Therefore, the government schemes and plans to increase the renewables share in the energy mix is expected to drive the solar energy market in India, which is a positive thing for Urja global.

Various policy measures undertaken included a declaration of trajectory for Renewable Purchase Obligation (RPO) including Solar, Waiver of Inter-State Transmission System (ISTS) charges, and losses for inter-state sale of solar and wind power for projects to be commissioned up to March 2022, Must run status, Guidelines for procurement of solar power through a tariff-based competitive bidding process, Standards for the deployment of Solar Photovoltaic systems and devices, Provision of rooftop solar and Guidelines for development of smart cities, Amendments in building bye-laws for mandatory provision of rooftop solar for new construction or higher Floor Area Ratio, Infrastructure status for solar projects, Raising tax-free solar bonds, Providing long tenor loans from multi-lateral agencies, etc.

Urja global share price target 2022, 2023, 2024, 2025, 2030

Recently, India achieved the 5th global position in solar power deployment by surpassing Italy. Solar power capacity has increased by more than 11 times in the last five years from 2.6 GW in March 2014 to 30 GW in July, 2019.  Presently, solar tariff in India is very competitive and has achieved grid parity. Urja Global share price target for 2025 is Rs 53.

Urja Global share price target 2025
Rs 53

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Urja Global Share Price Target 2030

The Indian government is also trying to boost the 4-wheeler industry in India.

  • The government of India plans to make India a global R&D hub.
  • Under the union budget of 2019-20, the government announced to provide additional income tax relief of Rs.1.5 lakhs on buying an EV.
  • A total investment of Rs.3000 crores has been made into EV startups.
  • To boost the local production, India levies an import duty of 125% on all the imported cars.
  • The EV segment is expected to create five crore jobs by 2030.

The Ev market in India has gained significant momentum after the implementation of the FAME India scheme. The total EV sales in 2020 hit 3,65,920 units and are expected to grow at a CAGR of 36% by 2026.

The EV battery market in India is estimated to be US$ 520 million in 2018 and is forecasted to grow at a CAGR of 30% by 2026. In FY 2020, the Indian two-wheeler market stood at 152 thousand units in volume terms and is forecasted to grow at a CAGR of around 25% during FY21 – FY 26.

UK government recently revised the phase-out date for the sale of new petrol and diesel cars and vans to 2030 from 2035, while the governments of other countries including Norway and the Netherlands announced goals of banning new petrol and diesel cars. The government of India has also shown strong intent of driving EV adoption in the last few years and has introduced several policies.

Recently Delhi government become the first state government in the country to notify an Aggregators policy to mandate electric vehicles for ride aggregators and delivery services. Delivery services need to adopt EVs in their newly on-boarded fleets, at least 10% of their new 2-wheelers and 5% of 4-wheelers in the next 3 months must be electric. This would be scaled up to 50% of all new 2-wheelers and 25% of new 4-wheelers by march 2023, the Dehli govt said. So, we can clearly say that EV vehicles have a bright future 

If you want to hold Urja Global for 10 years or even more it may give you multi-bagger returns. By considering all the above-mentioned factors and the opportunities to grow in the future, Urja global share price target for 2030 is 141.

Urja Global share price Target 2030
Rs 141

Urja Global Share Price Target 2022, 2023, 2024, 2025, and 2030

YearShare Price Target
Urja Global share price target 2022Rs 27
Urja Global share price target 2023Rs 35
Urja Global share price target 2024Rs 44
Urja Global share price target 2025Rs 53
Urja Global share price target 2030Rs 141

Quarterly Report Analysis

ParticularsJun 2021Sep 2021Dec 2021
Net Sales22.640.299.30
Total Expenditure22.430.529.48
Operating Profit0.22-0.23-0.18
Other Income0.320.330.31
Interest000.01
Depreciation000.01
Exceptional Items000
Profit Before Tax0.540.090.12
Tax000
PAT0.540.090.12
Adj. EPS0.0100

In the June quarter of 2021, they made net sales of Rs.22.64 crores, and generated a profit of 0.54 crore, in the September quarter, the company made net sales of Rs.0.29 crore, which is a huge decrease when compared to the previous quarter. But if we compare on yearly basis, it is not much of a difference and we can expect such ups and downs due to Covid situation and lockdowns, and in Sep quarter the company generated a profit of Rs.0.12 Cr, and in the Dec quarter of 2021, Urja global made net sales of Rs.9.30 Cr and generated around 0.12 Cr profit.

Annual Report Analysis

ParticularsMar 2019Mar 2020Mar 2021
Net Sales129.98144.56128.44
Total Expenditure130.26144.09128.98
Operating Profit-0.280.47-0.55
Other Income2.171.802.84
Interest00.010.01
Depreciation0.020.010.14
Exceptional Items000
Profit Before Tax1.862.242.15
Tax0.550.630.43
PAT1.321.611.71
Adj. EPS0.020.030.03

In the financial year 2019, the company reported net sales of Rs.129.98 crores and generated a profit of Rs.1.31 crore. In the following year, which is the financial year 2020, the company reported a net sales of Rs.144 crores and generated a profit of Rs.1.61 Cr, and in the financial year 2021, the company reported a net sales of Rs.128 crores and generated a profit of Rs.1.71 Cr.

Conclusion

In this article, we have shared our views on the Urja global share price target for 2022, 2023, 2024, 2025, and 2030. We also covered almost all important aspects of the company like its products, about the company, opportunities in the Solar segment, and opportunities in the Electric vehicle segment, as well as in the battery segment.

We tried to include every aspect of the company in this article which is essential to know before investing in any specific company.

Frequently Asked Questions

Is Urja Global debt free?

Yes, Urja Global is a debt-free company, the debt to equity of the company is 0.

What does Urja global do?

Urja Global is one of India’s leading renewable energy developers and operators. Urja is engaged in the design, consultancy, integration, supply, installation, commissioning & maintenance of off-grid and grid-connected Solar Power Plants. Urja global also entered into the Ev segment and started selling E-Rickshaws, E-scooters, and electric passenger vehicles.

Is Urja global a government company?

No, Urja Global is not a government company.

Is Urja Global a good Company?

No, Urja Global is not a good company in terms of financials and fundamentals. The company has shown a poor revenue growth of 0.56% for the past 3 years, the company has a poor ROE of 1.22% over the past 3 years, and the company has a poor ROCE of 1.65% over the past 3 years.

What is the target of Urja Global?

Urja Global share price target for 2022 is Rs 27, Urja Global share price target for 2023 is Rs 35, Urja Global share price target for 2024 is Rs 44, Urja Global share price target for 2025 is Rs 53, and Urja Global share price target for 2030 is Rs 141.

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