This Microcap IT stock which deals in environmental IT solutions through software applications and compliance solutions hit a 5 percent upper circuit in the day’s trade after the company received an order from Web Werks (India) worth Rs. 1.17 crore.
Price Action
With a market capitalization of Rs. 194 Crores, the shares of Techknowgreen Solutions Limited were up by 5 percent in the day’s trade touching a day’s high of Rs. 262.75 per share. The stock was in the upper circuit limit at Rs. 262.75 per share up from the previous closing price of Rs. 250.25 apiece.
What Happened
The company received an order from Web Werks (India) worth Rs. 1.17 crore for consultancy charges to obtain provisional fire NOC from the chief fire officer of MIDC worth Rs. 0.29 lakhs and obtain MIDC building plan approval from SPA MIDC worth Rs. 0.88 crore.
About the Company
Techknowgreen Solutions Limited was established in 2001 and headquartered in Pune, India. It is an environmental consulting firm with over 20 years of experience. They specialize in regulatory consulting, sustainability planning, and environmental IT solutions while serving diverse sectors such as infrastructure, healthcare, and manufacturing.
Their business model focuses on three verticals which are Consulting, Technology, and Research. Techknowgreen aims to empower clients by integrating sustainability with profitability and leveraging innovative technologies for environmental compliance and management. They have completed over 2,500 projects while catering to both government and private sectors.
Products and services
They offer a range of products and services in environmental consulting. Their key offerings include regulatory consulting, sustainability planning, and environmental IT solutions. The company specializes in wastewater treatment, air pollution management, and solid waste solutions. Additionally, they provide policy research and engineering services to address environmental challenges across various sectors.
Financials & Ratios
Its Revenue from operations grew by 47 percent year on year from Rs. 9.22 Crores in H1FY24 to Rs. 13.56 Crores in H1FY25, accompanied by profits of Rs. 3.24 Crores to Rs. 3.8 Crores.
In terms of Return ratios, it has a return on equity (ROE) of 36.79 percent and a return on capital employed (ROCE) of 48.07 percent. It has reported a debt-to-equity ratio of 0.09 as of FY24.
Shareholding Pattern
As of September 2024, the shareholding pattern with promoter’s stake holding a share of 65.58 percent in Techknowgreen Solutions, and public holdings standing at 34.42 percent.
Written by Santhosh S
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