Shares of this microcap company clocked a 5 percent lower circuit in Tuesday’s trading session despite receiving an order worth Rs. 8.21 crores from the Government of Jammu & Kashmir.
With a market capitalization of Rs. 130 crores, the shares of Urban Enviro Waste Management Ltd started Tuesday’s trading session on a lower note at Rs. 295.10, clocking a 5 percent lower circuit compared to its previous close of Rs. 310.60 apiece.
According to the exchange filing, the company received a work order from the Government of Jammu & Kashmir, Directorate of Rural Sanitation, J&K under the Swachh Bharat Mission for “Collection, transportation, processing and disposal of the Solid Waste to achieve Sustainable and Zero Landfill Amarnath Ji Yatra 2024” for worth over Rs. 8.21 crores.
Looking at the company’s financial statements, the revenue increased by around 22 percent from Rs. 46 crores during H1FY24 to Rs. 56 crores in H2FY24. On a contrasting note, the net profits decreased by 25 percent from Rs. 4 crores to 3 crores during the same period.
Earlier, the company work order from the Chief Medical Superintendent’s office, North Western Railway, Jodhpur for the drain out of dirty water from the dirty water well located in railway loco colony Samdari & disposed worth over Rs. 13.03 crores.
Looking at the company’s important financial ratios, the return on equity (RoE) stood at 47.89 percent during FY22-23 and the return on capital employed was recorded at 17.44 percent during the same period. Furthermore, the net profit margin stood at 5.52 percent during FY22-23.
According to the latest shareholding pattern, the Promoters have 51.19 percent of stakes and the remaining 48.1 percent of shares are with the Retail Investors.
Headquartered in Mumbai, Urban Enviro Waste Management was incorporated in 2011. The company provides Waste Management Solutions and Municipal Solid Waste (MSW) Management services.
Written By Vaibhav Patil
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