In Monday’s trading session, the shares of an engineering and infrastructure company surged by 3.8 percent on BSE to hit an intraday high at Rs. 696.65, after the company received an order worth Rs. 535.2 crore from Uttarakhand Urban Sector Development Agency.
At 02:33 p.m., the shares of EMS Limited were trading in the green at Rs. 682.95, up by 1.8 percent, as against its previous closing price of Rs. 670.9, with a market capitalisation of Rs. 3,764.4 crore.
What’s the News:
According to the latest regulatory filings with the stock exchanges, EMS Limited received a Letter of Acceptance from Uttarakhand Urban Sector Development Agency, having an order value of nearly Rs. 535.2 crore, wherein EMS limited has a 95 percent share with the other JV Partner.
The order is for the Development of a Water Supply and Sewerage System with 18 years of O&M in Vikas Nagar Dehradun, Uttarakhand.
Previous Order:
On 12th July, EMS Limited received a letter of award worth Rs. 141.12 crores from Uttarakhand Power Corporation Limited, wherein EMS will have a 95 percent share with the other JV partner.
The order was for the Development of Distribution Infrastructure-loss reduction works at EDC Dehradun rural Circle of Uttarakhand under Revamped Reforms-based and Results-linked, Distribution Sector Scheme.
As per the agreement, the supply of Plant Contract included the design, engineering, manufacture, testing, transportation, Insurance, Installation and other Services along with the supply of Installation services contract for the execution of the Development of Distribution Infrastructure.
Financials:
The company experienced significant growth in its consolidated revenue from operations, showing a year-on-year rise of 29 percent from Rs. 190.2 crore in Q4 FY22-23 to Rs. 245.3 crore in Q4 FY23-24.
Similarly, its net profit increased during the same period from Rs. 35.8 crore to Rs. 47.4 crore, indicating a growth of 32.4 percent YoY.
Stock Performance:
The stock has delivered multibagger returns of nearly 142 percent in one year, and around 50.3 percent of positive returns in the last six months. So far in 2024, the shares of EMS Limited have given about 52 percent of positive returns.
About the Company:
Incorporated in 2010, EMS Limited, formerly known as EMS Irnfracon Private Limited, provides services ranging from EPC and O&M in sewerage solutions, water supply systems, and wastewater schemes for government authorities and local bodies, electricity transmission and distribution & building.
The company offers water and sewerage infra solutions, including laying the sewerage network to building sewerage and water treatment plants in the states of Uttar Pradesh, Maharashtra, Bihar, Uttarakhand and Rajasthan.
Written by Shivani Singh
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