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Waste Management stock engaged in providing Waste Management Solutions, Municipal Solid Waste Management services, and many more hit a 5 percent upper circuit in the day’s trade upon receiving a work order worth Rs. 4.25 Crores from North Western Railway. 

Price Action 

With a market capitalization of Rs. 166.94 Crores, the shares of Urban Enviro Waste Management Limited hit a 5 percent upper circuit at Rs. 385.55 per equity share, from its previous day’s close price of Rs. 367.20. It has delivered multibagger returns of 199 percent in a year. 

What Happened 

Urban Enviro Waste Management Limited engaged in providing various types of Waste Management Solutions has received a new work order for a consideration of Rs. 4.25 Crores, from the Additional Medical Superintendent Office, North Western Railway, Jodhpur, Rajasthan. 

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The said work order is for the Environmental Sanitation, Cleaning, Disinfection, Pest & Rodent Control Work, Door to Door Waste Collection and Garbage Removal & MSW Disposal Transportation Work for Railway Colonies of DS & WS, BGKT, and Jaisalmer, for Four years. 

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About the company 

Urban Enviro Waste Management Limited is engaged in providing Waste Management Solutions, Municipal Solid Waste Management services, and many more. Its services include solid waste collection, transportation, segregation of waste and processing and disposal services, street sweeping projects, providing manpower, skilled/unskilled labours, and many more. 

Financials and Ratios 

Its revenue from operations grew by 162 percent from Rs. 39 Crores in FY23 to Rs. 102 Crores in FY24, accompanied by profits of Rs. 2 Crores to Rs. 7 Crores. 

In terms of Return ratios, it has reported a return on equity (ROE) of 126 percent, and a return on capital employed (ROCE) of 38.5 percent. It has reported a debt-to-equity ratio of 1. 

Written by: Bharath K.S

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