Waste Management stock engaged in providing Waste Management Solutions, Municipal Solid Waste Management services, and many more hit a 2 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 1.68 Crores from Borsad Municipality.
Price Action
With a market capitalization of Rs. 483 Crores, the shares of Urban Enviro Waste Management Limited hit a 2 percent upper circuit at Rs. 483.05 per equity share, from its previous day’s close price of Rs. 473.60.
What Happened
Urban Enviro Waste Management Limited has received a new work order worth ~Rs. 1.68 Crores from Borsad Municipality (Anand District, Gujarat) for provding Door-to-Door Collection through Latest Technology & System and Road/Street Sweeping Work in the jurisdiction of Borsad Nagarpalika for one 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
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
