Waste Management stock engaged in providing Waste Management Solutions, Municipal Solid Waste Management services, and many more hit a 5 percent upper circuit in the day’s trade upon receiving a work order worth Rs. 67 Lakh for providing waste management services.
Price Action
With a market capitalization of Rs. 185 Crores, the shares of Urban Enviro Waste Management Limited hit a 5 percent upper circuit at Rs. 427.40 per equity share, from its previous day’s close price of Rs. 407.05
What Happened
Urban Enviro Waste Management Limited has received a new work order from KUMS F and V Jaipur, Muhana for a consideration of Rs. 67.19 Lakhs for the Cleaning and Collection of waste at KUMS F and V Jaipur Terminal Market Muhana Mandi, for a period of One year
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About the company
Urban Enviro Waste Management Limited is engaged in providing Waste Management Solutions, Municipal Solid Waste Management services, and many more. Its services include solid waste collection, transportation, segregation of waste, and processing and disposal services, street sweeping projects, providing manpower, skilled/unskilled labourers, and many more.
Financials and Ratios
Its revenue from operations grew by 162 percent from Rs. 39 Crores in FY23 to Rs. 102 Crores in FY24, accompanied by profits of Rs. 2 Crores to Rs. 7 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 126 percent, and a Return on capital employed (ROCE) of 38.5 percent. It has reported a debt-to-equity ratio of 1.
Written by: Bharath K.S
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