This microcap environmental consulting stock received an order from a chemical manufacturing company in pune worth 5.3 crores.
At 11:17, shares of Technowgreen Solutions Ltd were trading at Rs. 169.30 per share, up by 19.99 percent from previous closing price of Rs. 141.10.
Such bullish stock price movements were observed after the company through a regulatory filing on Bombay stock exchange (BSE) announced that they have received a work order for disposal of radioactive spent catalyst and safe closure of the company from Gramercy Trade Industries Private Limited. The order is worth Rs. 5.3 crores.
Looking at the financial statements, company’ revenue increased by 50 percent to Rs. 14.84 crores in march 23 from Rs. 9.87 crores in march 22, in the same time period net profit increased by 4 times to Rs. 4.51 crores from Rs. 1.08 crores.
Talking about the profitability ratios, the company reported return on equity (ROE) of 71.24 percent and return on capital employed (ROCE) of 70.45 percent in the last financial year.
Incorporated in 2001, Techknowgreen Solutions Ltd is engaged in the business of providing environmental consulting services. Techknowgreen Solutions is one of the first companies in India to provide environmental IT solutions through software applications and compliance solutions.
As this company belongs to the microcap category, due to lower trading volume in the stock, it might hit circuit limits. Over the years the company has exhibited marginal consistency in the performance based on the available financial data. We suggest individual investors do extensive research before making an investment due to lack of availability of data.
Written by: Vinit Israni
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