Shares of this infrastructure company engaged in theme park development and waste management reached the 5 percent upper price band on Wednesday after securing a Rs.11.09 crore order for construction of a theme park entitled as ‘World Park’ from Pimpri Chinchwad Municipal Corporation.
Price Movement
In Wednesday’s trading session, Z-Tech (India) Limited‘s share price hit a 5 percent upper circuit limit of Rs.436.50 per share, rising from its previous close of Rs.415.75 apiece. The share retreated since then and closed at Rs.422.7 per share.
Order Details
Z-Tech (India) Limited has successfully secured the World Park project from the Pimpri Chinchwad Municipal Corporation, emerging as the H1 bidder. The project will be executed on a Build-Own-Operate (BOO) model, with a concession period of 15 years and a total cost of Rs.11.09 crore.
The concession period may be extended by an additional five years based on performance. This milestone reinforces the company’s commitment to delivering high-value projects in partnership with public authorities, contributing positively to future growth.
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Total Order and Projects
Z-Tech India Ltd has a total order book valued at Rs.145 crore, serving a prestigious clientele in the Indian theme park, geotechnical services, agrochemicals, and specialty chemicals industries.
The company enjoys strong client relationships, with many customers placing repeat orders over the years. Currently, Z-Tech has developed 6 theme parks, has 15 more in the pipeline, and is managing over 49 ongoing projects.
Future Outlook
EPC revenue is expected to surpass Rs.60 crore in the upcoming three quarters. The revenue-sharing model for the parks includes a fixed rental fee along with a 15 percent share of sales from the shops within the parks.
The company plans to grow its footprint in West and South India while strengthening its internal R&D for product development and service enhancement. It also aims to secure additional contracts and expects to win a significant portion of the 20 ongoing tenders.
Financial Performance
In its latest financial update, the company reported net sales of Rs.16.23 crore for Q1 FY25, reflecting a 51 percent increase from Rs.10.76 crore in Q1 FY24. Net profits soared by 130 percent to Rs.2.35 crore in Q1 FY25, up from Rs.1.02 crore in the same quarter of FY24.
Company Profile
Z-Tech (India) Limited, founded in November 1994, specialises in designing civil engineering products and offering advanced geo-technical solutions for infrastructure projects in India. The company is also committed to sustainable waste management, emphasising the creation of eco-friendly theme parks that utilise recycled materials.
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Written by – Siddesh S Raskar
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