On 21st September 2023, this stock was listed in both BSE and NSE at Rs. 282 with a premium of 33% over the IPO issue price of Rs. 211. Since the listing, the stock has given 21% returns. On Thursday the stock gains more than 3.5% after the company received an order worth Rs. 270.82 Cr.
EMS Ltd
With a market capitalisation of Rs. 1,794 Cr, the company comes into the small-cap category. On Thursday the stock gains over 3.5% and closed 0.09% up at Rs. 323.20 on NSE. On the same day, the stock reached a new 52-week high of Rs. 334.70.
According to the company filing, EMS Ltd received an order from the Office of Municipal Corporation Jaipur Heritage for providing, laying, jointing, testing and commissioning of sewerage system and all ancillary work along with 1-year defect liability with 10 years of O&M town under package AMRUT 2.0/RAJ/SEWERAGE-25. The order worth Rs. 270.82 Cr.
As per the company filing, the total revenues of the company increased by 33% YoY from Rs. 115.95 Cr in FY22 to Rs. 155.12 Cr in FY23 and net profits of the company grew by 38% YoY from Rs. 78.85 Cr in FY22 to Rs. 108.85 Cr in FY23.
As per the latest shareholding data, Promoters hold 79.64% and the public hold a 20.36% stake in the company.
EMS Ltd is a company that provides water and wastewater collection, treatment, and disposal services. In terms of business model, it provides Sewerage solutions, Water Supply Systems, and Water and Waste Treatment Plants. The company also offers Electrical Transmission and Distribution, Road, and Allied Services.
Written by Sheshadri N
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