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Marine Electricals (India) has shown impressive earnings growth of 52.4% over the past year, outpacing the Electrical industry's 29.1%. The company’s net debt to equity ratio stands at a satisfactory 28.3%, indicating manageable leverage. Despite an increase in its debt to equity ratio from 35.3% to 37.4% over five years, interest payments are well covered by EBIT at 3.3x coverage, reflecting strong operational performance and financial health amidst recent volatility in share price.

• Navigate through the intricacies of Marine Electricals (India) with our comprehensive health report here.

• Examine Marine Electricals (India)'s past performance report to understand how it has performed in the past.

Ujaas Energy

Simply Wall St Value Rating: ★★★★★☆

Overview: Ujaas Energy Limited focuses on the generation of solar power in India and has a market cap of ₹38.81 billion.

Operations: Ujaas Energy Limited's primary revenue streams include Solar Power Plant Operation (₹297.31 million) and Manufacturing and Sale of Solar Power Systems (₹172.52 million). The company also generates a smaller portion of revenue from EV-related activities (₹45.84 million).

Ujaas Energy, a small cap player in the renewable energy sector, has shown notable financial improvements. The company reported a net income of ₹289.56 million for the year ending March 31, 2024, compared to a net loss of ₹180.57 million the previous year. Despite this turnaround, it recorded a large one-off loss of ₹93.8 million impacting its latest results. Additionally, UEL's debt to equity ratio improved significantly from 63.6% to 20.8% over five years and its interest coverage ratio stands at 2.2x EBIT.

• Click here to discover the nuances of Ujaas Energy with our detailed analytical health report.

• Understand Ujaas Energy's track record by examining our Past report.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NSEI:GOKULAGRO NSEI:MARINE and NSEI:UEL.

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