29,650 Per Cent Multibagger Returns: Solar Company Announces 17:25 Bonus Issue of Shares; Check Record Date Inside
The stock gave multibagger returns of 1,163 per cent from its 52-week low of Rs 20.68 per share and a whopping 29,650 per cent in 2 years.
Ujaas Energy Ltd.’s board has recommended a bonus issue of 17 new equity shares for every 25 existing shares to its public shareholders, excluding promoters and the promoter group, to meet MPS requirements. This bonus issue will result in approximately 45,06,049 new equity shares of Re 1 each being issued. The company plans to utilise its Securities Premium Reserve, Free Reserves, and Retained Earnings available as of December 31, 2024, with a free reserve requirement of Rs 45,06,049 for this purpose. Post-bonus issue, the share capital is expected to increase from 10,66,26,581 to 11,11,32,630. The board fixed the record date as Friday, May 30, 2025.
Ujaas Energy Ltd, established in 1999, is a solar power company that generates, sells, and services solar power plants. It operates under the "UJAAS" brand, developing, owning, and maintaining solar energy power plants. The company offers engineering, procurement, construction, solar park, and rooftop solutions, along with operations and maintenance services. With an installed capacity of approximately 14 MW and over 235 MW of solar power plants set up, Ujaas Energy provides various solar power solutions through its Ujaas Park, Ujaas My Site, and Ujaas Home platforms. Additionally, the company manufactures transformers and has ventured into the electric two-wheeler market with its E-Spa brand.
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The stock’s 52-week high is Rs 699 per share and its 52-week low is Rs 35.32 per share. The company's shares have a PE of 233x and an ROE of 56 per cent. The company has a market cap of over Rs 4,700 crore and has delivered good profit growth of 42.9 per cent CAGR over the last 5 years. The stock gave multibagger returns of 1,163 per cent from its 52-week low of Rs 20.68 per share and a whopping 29,650 per cent in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.