1:1 Bonus Share: Waste Management Company Bags New Order Worth Rs 19,06,63,200 From Nagar Nigam Jaipur Heritage
The stock is up by 46 per cent from its 52-week low of Rs 136.05 per share.
Urban Enviro Waste Management Limited has secured a significant work order from Nagar Nigam Jaipur Heritage, valued at Rs 19,06,63,200, for a duration of two years. This project entails the comprehensive operation of door-to-door household waste collection, segregation, and transportation, along with waste collection and transportation from all open depots, incorporating GPS-based Vehicle Tracking Systems (VTS), and sweeping waste management across all 30 wards within the HawaMahal Amer Zone of NNJH.
Earlier, the company issued 43,30,000 Equity Shares of Rs 10 each as a bonus to its eligible shareholders in the ratio of 1:1 (one new equity share for every existing equity share) held on the Record Date. The ex-date for the bonus share was Friday, February 07, 2025.
Incorporated in 2011, Urban Enviro Waste Management Limited provides waste management solutions & municipal solid waste (MSW) management services. The company has a market cap of Rs 161 crore and has a good return on equity (ROE) track record: 3-year ROE 52 per cent.
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According to the annual results, the net sales increased by 162 per cent to Rs 102 crore, operating profit increased by 125 per cent to Rs 18 crore and net profit increased by 250 per cent to Rs 7 crore in FY24 compared to FY23.
The shares of the company have an ROE of 52 per cent and a ROCE of 30 per cent. The stock is up by 46 per cent from its 52-week low of Rs 136.05 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.