Share price of one of India’s leading Environmental Compliance and Consulting Firm surged 5.8 percent to Rs. 240 in the morning trading session of Friday, after the company secured a work order worth Rs. 2.06 crore from Maharashtra Pollution Control Board.
At 10:40 a.m., the shares of Techknowgreen Solutions Limited were trading in the green at Rs. 235.25, up by 3.7 percent, as against its previous closing price of Rs. 226.8, having a market capitalisation of Rs. 176.3 crore.
Techknowgreen Solutions informed the BSE about receiving a work order amounting to Rs. 2.06 crore from the Maharashtra Pollution Control Board (MPCB).
The order is for Desktop Analysis of online MIS for “Majhi Vasundhara Abhiyan 4.0” of MPCB, to be executed by 9th July 2024.
The company has also been awarded with Green Innovation Award while celebrating “World Environment Week” in the 3rd Sustainability Summit 2024 by the Chief Guest, Shri Rajesh Kumar Pathak, Secretary at Technology Development Board Department of Science & Technology, Government of India.
On a year-on-year basis, the company’s total income stood at Rs. 23.5 crore in FY23-24, increasing by 58.1 percent from Rs. 14.86 crore in FY22-23.
The after-tax profit grew from Rs. 4.51 crore in FY22-23 to Rs. 6.11 crore in FY23-24, indicating a growth of 35.4 percent YoY.
The Earnings Before Interest, Taxes, Depreciation, and Amortisation, or EBITDA increased from Rs. 6.54 crore in FY22-23 to Rs. 9 crore in FY23-24, representing a growth of 37.3 percent YoY.
The return on equity (ROE) stood at 22 percent in FY23-24, down from 71.23 percent in FY22-23, and a decline in the Return on Capital Employed (ROCE) from 98.74 percent in FY22-23 to 31.27 percent in FY23-24.
The stock has delivered nearly 161.4 percent of multibagger returns in one year, but around 16.8 percent of negative returns in the last six months.
As per the shareholding pattern of March 2024, the Promoters hold a 65.58 percent stake, while Retail Investors hold 34.42 percent in the company.
Headquartered in Pune, Techknowgreen Solutions Limited executes projects across the environment domain including compliances, complex consulting projects, research and implemented numerous environmental technology solutions.
Written by Shivani Singh
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