.

follow-on-google-news

During Friday’s trading session, the shares of one of the leading providers of advanced water and wastewater treatment solutions hit a 5 percent upper circuit on NSE, after the company announced securing an order worth Rs. 53 million.

Price Movement

With a market capitalisation of Rs. 119 crores, the shares of Apex Ecotech Limited hit a 5 percent upper circuit at Rs. 90.3, as against its previous closing price of Rs. 86.

The stock hit its 52-week high at Rs. 169 on 15th January 2025, and compared to its current price levels, the stock is trading at a discount of nearly 46 percent.

What’s the News

According to the latest regulatory filings with the NSE, Apex Ecotech Limited has received an order valued at nearly Rs. 53 million from Luminous Power Technologies Private Limited. The project is scheduled for completion within 6 months.

The turnkey contract includes the supply, installation, testing, and commissioning of a cutting-edge Zero Liquid Discharge (ZLD) system.

In the power sector, Zero Liquid Discharge (ZLD) refers to a wastewater management approach in which all wastewater is treated and reused, eliminating liquid waste discharge, according to industry sources.

Previous Order

31st January: Apex Ecotech received an order worth around Rs. 3.55 crore from Hero MotoCorp Limited for the upgradation of two existing sewage treatment plants (STPs) using advanced MBR technology.

As per the terms outlined in the Letter of Intent (LOI), 30 percent of the payment will be made in advance, 60 percent upon delivery of goods, and the remaining 10 percent upon commissioning. The project is expected to be completed by 31st July 2025.

Financial Performance

Apex Ecotech reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 53.4 percent, rising from Rs. 34.6 crores in FY23 to Rs. 53.08 crores in FY24.

Likewise, during the same period, the company’s net profit increased from Rs. 3.52 crores to Rs. 6.63 crores, representing an impressive growth of around 88.4 percent YoY.

About the company

Apex Ecotech Limited, one of the leading providers of advanced water and wastewater treatment solutions, specialises in delivering sustainable, energy-efficient, and eco-friendly systems for effective water resource management.

The company provides comprehensive water and wastewater treatment, recycling, and reuse solutions for a variety of applications. It commissioned its first Zero Liquid Discharge Plant (ZLD) in 2012.

Written by Shivani Singh

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.

×