Waste Management stock engaged in providing Waste Management Solutions, Municipal Solid Waste Management services, and many more hits 5 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 1.94 Crores to provide waste management services to Saoner Municipal Council.
Price Action
With a market capitalization of Rs. 288 Crores, the shares of Urban Enviro Waste Management Limited were trading at Rs. 665 per equity share, up 0.45 percent from its previous day’s close price of Rs. 662.05.
What Happened
Urban Enviro Waste Management Limited has received a new work order from Saoner Municipal Council, Nagpur District, Maharashtra, for the Collection and transportation of waste from house to house, Scientific treatment of waste, cleaning of drains, collection of garbage, and cleaning of public toilets in Saoner for 1 year, for a consideration of Rs. 1.94 Crores.
Recent Work Orders
It has earlier received a work order worth Rs. 1.68 Crores from Borsad Municipality, Anand District, Gujarat, for Door-to-Door Collection through the Latest Technology & System and Road/Street Sweeping Work in the jurisdiction of Borsad Nagarpalika for one year.
This was followed by a work order by Khambhat Municipality (Anand District, Gujarat) for Door to door garbage Collection with a close body garbage tipper vehicle including Fuel and sufficient manpower for Khambhat Nagarpalika for a consideration of Rs. 1.47 Crores.
Lastly, it secured a work order from Anand Municipality, Anand District, Gujarat for providing Door-to-Door Collection & Transportation and Transportation work through the Latest Technology, Systems of Anand Nagarpalika for a consideration of Rs. 4.55 Crores for 1 year.
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 labourers, and many more.
Financials and Ratios
Its revenue from operations grew by 57 percent from Rs. 46 Crores in H1FY24 to Rs. 72 Crores in H1FY25, accompanied by profits of Rs. 4 Crores to Rs. 8 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 51.6 percent, and a Return on capital employed (ROCE) of 29.8 percent. It has reported a debt-to-equity ratio of 0.79.
Written by: Bharath K.S
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