UJAS ENERGY MULTIBAGGER OR MULTIBEGGER

UJAS ENERGY THE MOST CONTROVERSIAL STOCK OVER SOCIAL SITES.
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FINANCIAL REVIEW ONLY
UJAAS ENERGY FACE VALUE ONLY RS 1 STILL MANY PEOPLE NOT TAKING CARE OF THIS.

NET SALES PER SHARE IS 10 AS COMPARED TO MARKET PRICE OF 38
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1-UJAS ENERGY SALES GRAPH IN LAST 4 YEARS
YEAR 2013
SALES ;242 CR
YEAR 2014
SALES; 525 CR
YEAR 2015
SALES; 111 CR
YEAR 2016
SALES;277 CR

IN LAST 4 YEARS COMPANY SALES HAS SO MUCH FLUCTUATION SO GROWTH AND PREDICTION OF PRICES FOR FUTURE MOST DIFFICULT.
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2-COMPANY HAS SHOWN SALES FROM 111 CR TO 277 CR BUT INVENTORY TURNOVER IS FOR THE SAME PERIOD IS 1.74 AND 3.39 .IF YOU COMPARE THE SALES OF 2013 WHICH WAS 242 CR AND INVENTORY TURNOVER 9.50 BUT IN 2016 SALES IS MORE 277 CR BUT INVENTORY IS 3.39. WHY?
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3;IN LAST 2 YEARS TOTAL SALES IS 384 CR AND TOTAL INVENTORY PLUS DEBTORS IS 345 CR.
WHY?
IF COMPANY MADE SALES THEN WHY SALES AND INVENTORY PLUS DEBTORS IS ALMOST SAME.
SUPPOSE GOVT AND PSU ARE ITS CLIENTS THEN WHY THEY DID NOT CARRY GOODS AND MADE PAYMENT IN LAST 2 YEARS.
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4;IN LAST 2 YEARS INTEREST PLUS TAX IS 20 CR IN 2015 COMPARE TO PROFIT OF 11 CR AND IN 2016 37 CR COMPARED TO PROFIT OF 20 CR.
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5;IN LAST 3 YEARS DEBTOR DAYS HAS GONE FROM 87 TO 177 IN 2014,82 IN 2015 AND FINALLY 117 IN 2016.
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6;AUDIT COMMITTEE IN 2015 HAS RECOMMENDED AN EMPLOYEE TO BE INTERNAL AUDITOR SHOWING INEFFICIENT AUDIT COMMITTEE,HOWEVER THIS WAS NOT APPROVED BECAUSE QUESTION CAN BE RAISED FROM REGULATORY AUTHORITY.
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7;IN 2015 OUT OF TOTAL TRADE RECEIVABLE 2.79 CR IS FROM DIRECTOR IN WHICH THEY ARE INTERESTED.
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8;MANY PEOPLE QUESTIONING WHY DID PROMOTERS NOT SELL @52
SO ANSWER IS THERE IS SEBI IF PROMOTERS DID SO THEY COULD BE HELD UP BY SEBI DIRECTLY.
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9;NO CHANGES IN BOOK VALUE IN LAST 3 YEARS ALMOST SAME
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10;IN 2013 FIXED ASSEST TURNOVER WAS 5.80 BUT IN 2016 IT IS 1.39 ONLY.
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11;ALL THREE SUBISDIARIES ARE YET TO COMMENCE ITS OPERATION CAN BE FOUND FROM 2014 ANNUAL REPORT TO 2016 ANNUAL REPORT.
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WHEN THEY COMMENCE NO EXPLANATION AVAILABLE.

12: WE CAN SEE UJAS ENERGY DAILY GETTING ORDER FROM DIFFERENT PLACES BUT THE PROBLEM IS EXECUTION.
THE MAIN PROBLEM IS SOLAR SECTOR HIGHLY COMPETITIVE AND HAVING VERY THIN MARGIN, EVEN PROMOTERS HAVE ACCEPTED THIS FACT.
ALL COMPANY EARNING GOING TOWARDS FINANCE COST, EMPLOYEE COST, OTHERS EXPENSE.
SHAREHOLDERS GET NOTHING
NEITHER GOOD DIVIDEND NOR BONUS.
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13:ANOTHER IMPORTANT THING AS I MENTIONED ON MY FACEBOOK PAGE, BE CAREFUL WHEN PROMOTERS SELL STAKE AND COMPANY POST BAD RESULT.
SAME IS GOING ON IN UJAS ENERGY.
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14:LAST QUARTER PROMOTERS SOLD STAKE INFORMING INVESTORS THAT THEY ARE DOING IT FOR WORKING CAPITAL BUT AS PER LATEST BALANCE SHEET SHORT TERM BORROWING INCREASE 7 TIMES. SO WHERE THE MONEY GONE?
ALSO INVENTORY BECOME DOUBLE.
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15:PROMOTERS HAD THE OPTION OF PLEDGE OF SHARES LIKE STAR PAPER, OMKAR CHEMICAL AND OTHERS STOCK BUT THEY SOLD OR MAY BE THEY TRIED BUT FINANCIAL INSTITUTIONS DID NOT ALLOW

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(CONCLUSION: ITS MY PERSONAL OPINION AND I M NOT HOLDING UJAS ENERGY AND GIVEN EXIT IN FEB @38
BEFORE TAKING ANY DECISIONS CONTACT YOUR ADVISOR.

Author: Atul Singh Stock Market Analyst

Disclaimer: This Blog, its owner, creator / contributor is not a research analyst and expressing opinion only as an individual investor in Indian equities. He/She is not responsible for any loss arising out of any information, post or opinion appearing on this blog. Investors are advised to consult financial consultant before acting on any such information. All information in this blog is posted for personal study, All information posted on blog is as available in public domain.

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