In Monday’s trading session, the shares of an engineering and infrastructure company moved up by 7 percent to Rs. 699.15, after receiving a letter of award worth Rs. 141.1 crore from Uttarakhand Power Corporation Limited.
At 10:49 a.m., the shares of EMS Limited were trading in the green at Rs. 688.5, up by 5.3 percent, compared to its previous closing price of Rs. 653.55, with a market cap of Rs. 3,806.4 crores.
What’s the News:
According to the latest regulatory filings with the stock exchanges, EMS Limited has received a letter of award from Uttarakhand Power Corporation Limited, having an order value of Rs. 141.12 crores wherein EMS will have a 95 percent share with the other JV partner.
The order is 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 includes 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.
Previous Order:
On 26th June, EMS Limited received a letter of award for the Survey, Investigation, Design, build, Operation and Transfer of Interception & Diversion and treatment works including a 15-year O&M period at Hathras Town, U.P. under the Namami Gange Programme on DBOT mode.
The estimated order value is nearly Rs. 119.05 crores, wherein EMS Limited had a 26 percent share with the other two JV partners.
Financials:
Financially, the company experienced significant growth in its 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 145.7 percent in one year, and around 52.5 percent of positive returns in the last six months. So far in 2024, the shares of EMS Limited have given positive returns of about 54.2 percent.
Shareholding Pattern:
According to the latest shareholding pattern, the Promoters hold a 69.7 percent stake in the company, Foreign Institutional Investors (FII) hold a 2.78 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 26.08 percent and 1.43 percent stake in EMS Limited, respectively.
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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