Infra stock engaged in designing civil engineering projects & products and providing state-of-the-art specialty Geo-Technical Solutions hit a 5 percent upper circuit in the day’s trade upon receiving a new work order from Jammu Smart City worth Rs. 12 Crores.
Price Action
With a market capitalization of Rs. 470 Crores, the shares of Z-Tech (India) Limited hit a 5 percent upper circuit in the day’s trade at Rs. 367.10 per equity share, from its previous day’s close price of Rs. 349.65.
What Happened
Z-Tech (India) Limited engaged in designing civil engineering projects & products and providing state-of-the-art specialty Geo-Technical Solutions has received a new significant work order from Jammu Smart City, Jammu (J&K) for a consideration of Rs. 12 Crores.
The said work order is for the Design, Engineering & Development of Waste to Wonder Park at Khanpur, Jammu, on PPP (Public-Private Partnership) Mode with Operation, Maintenance, and Management for 20 years.
About the Company
Z-Tech (India) Limited is engaged in designing civil engineering projects & products and provides state-of-the-art specialty Geo-Technical Solutions for infrastructure and civil construction projects.
It has a strong clientele base with well-known players like Bhartia Infra Projects Limited, Dilip Buildcon Limited, GMR Infra Limited, NCC Limited, IRCON International Limited, Hindustan Construction, GVR Infra Projects Limited and many others.
Financials & Ratios
Its Revenue from operations grew by 162 percent from Rs. 25.73 Crores in FY23 to Rs. 67.32 Crores in FY24, accompanied by profits of Rs. 1.96 Crores to Rs. 7.80 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 48.9 percent, and a return on capital employed (ROCE) of 63.6 percent. It has reported a debt-to-equity ratio of 0.06.
Written by: Bharath K.S
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