Infra stock engaged in designing civil engineering projects & products and providing state-of-the-art specialty Geo-Technical Solutions jumped 4 percent in the day’s trade upon receiving new work orders worth Rs. 5.45 Crores.
Price Action
With a market capitalization of Rs. 472 Crores, the shares of Z-Tech (India) Limited were trading at Rs. 369 per equity share, up 4 percent from its previous day’s close price of Rs. 354. It has delivered a multibagger return of 269 percent in a year.
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 significant work order from Shree Balaji Engicons Limited and J.Kumar Infraprojects Limited worth Rs. 5.45 Crores.
It has received a work order from Shree Balaji Engicons Limited for a consideration of Rs. 1.02 Crores for providing Reinforced Earth Wall work for Gevra Road to Pendra Road Civil Works.
It has received another work order from J. Kumar Infraprojects Limited for a consideration of ~Rs. 4.43 Crores for providing ground improvement services for the Construction of Four four-lane elevated corridors on Grand Southern Trunk Road.
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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