The shares of this multi-disciplinary EPC company gained up to 5 percent after the company received a work order for the development of a Water Supply and Sewerage System worth Rs 478.93 Crores.
With a market capitalization of Rs 2,637.71 crore, The shares of EMS Ltd were trading at Rs 475.00 per share, increasing around 3.83 as compared to the previous closing price of Rs 457.50 apiece.
According to the company filing, EMS Ltd received a work order from Uttarakhand Urban Sector Development Agency for the development of a Water Supply and Sewerage System with 18 Years of Operation and Maintenance, in Vikas Nagar, Uttarakhand (WSS VKN 0l) worth Rs 478.93 Crores.
EMS Ltd’s revenue increased by 73 percent, from Rs 121 crore in Q2FY23 to Rs 211 crore in Q2FY24. During the same period, net profit also increased by 50 percent, from Rs 30 crore to Rs 45 crore.
The business made its stock market debut in September 2023. The business raised Rs 321 crore through a mix of a fresh issue of equity shares for Rs 180 crore and the remainder through an offer of sale (OFS).
The Uttarakhand government recently issued the business a Letter of Intent (LoA) for Rs 358.56 crore to establish a sewage infrastructure in Raipur and Dehradun.
EMS Ltd. reported return ratios in the recent financial year with a return on equity (ROE) of 32.7 percent and a return on capital employed (ROCE) of 24.8 percent. The company’s stock has delivered returns of 67.45 percent in six months.
EMS Ltd’s recent shareholding pattern, The Promoters of the company own 69.70 percent while Retail shareholders own a 24.75 percent stake in the company and Foreign Institutional Investors own a 4.09 percent stake.
EMS offers comprehensive, one-stop services for water, wastewater, and household waste treatment facilities, from engineering and design to building and installation.
Written by:- Abhishek Singh
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