The shares of Waste Management company jumped upto 3 percent upon securing significant new work orders from key clients for major infrastructure projects in Tamil Nadu and the SECR Corridor worth Rs. 2.55 crore.
With a market capitalization of Rs. 782.43 crores on Wednesday, the shares of Z-Tech (India) Limited jumped upto 2.5 percent, making a high of Rs. 561.25 per share compared to its previous closing price of Rs. 547.25 per share.
Z-Tech (India) Limited, engaged in three main areas: sustainable theme park development, industrial wastewater management, and geotechnical specialized solutions, has received a new work order from esteemed clients, further strengthening its position in the civil construction and infrastructure sector.
The company secured a Rs. 1.43 Crores order from SR United Infra Developers for slope protection with soil nailing and geocell on the Melur to Karaikudi highway project in Tamil Nadu under the Bharatmala Pariyojana.
Additionally, Z-Tech received a Rs. 13.98 Lakh order from J Kumar Infraprojects Ltd for RE wall construction on the Four Lane Elevated Corridor project on the Grand Southern Trunk Road (Teynampet to Saidapet).
Furthermore, a Rs. 97.8 Lakh order from Shree Balaji Engicons Limited for RE wall work on the new BG electrified line over the SECR Corridor-I East West Corridor (Gevra – Pendra). These orders reinforce Z-Tech’s expertise in geotechnical and civil engineering solutions, and the management is confident of timely execution, which is expected to positively impact the company’s revenue and growth in the upcoming quarters.
Financials & Others
The company’s total revenue rose by 56 percent from Rs. 15.47 crore to Rs. 24.22 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 1.06 crore to Rs. 5.75 crore during the same period.
The company boasts a low debt-to-equity ratio of 0.03 and has delivered strong financial performance, with an average ROE of 23.54 percent and ROCE of 30.08 percent over the last three years. It has also achieved an impressive three-year average revenue growth of 30 percent and net profit growth of 371.78 percent.
In Q3 FY25, the company generated 90.08 percent of its revenue from specialized park development, 6.41 percent from civil engineering, and 3.51 percent from wastewater projects.
The company has a set of Marquee Clients, including some of India’s most established names across infrastructure, construction, and industrial sectors. These include TATA Projects, HCC (Hindustan Construction Company), Dilip Buildcon, Punj Lloyd, NCC, IRCON International, Navin Fluorine International, DCM Shriram, Grasim Industries, Noida, GVR Infra projects, and more.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
