1:1 Bonus Share: Waste Management Company Bags New Order Worth Rs 10,35,01,572 From Savarkundla Municipality

The stock is up by 9 per cent from its 52-week low of Rs 136.05 per share.

Urban Enviro Waste Management Limited has secured a significant seven-year work order valued at Rs 10,35,01,572 from the Savarkundla Municipality in Gujarat. This marks a crucial expansion for the company, as it's their first order for setting up and operating a Solid Waste Processing Plant. The project involves the design, build, operate, and transfer of a facility for processing both dry and wet waste generated by Urban Local Bodies (ULBs) under the Swachh Bharat Mission, reinforcing Urban Enviro Waste Management Limited's commitment to environmental sustainability.

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 128 crore and has a good return on equity (ROE) track record: 3-year ROE 43.2 per cent.

According to the annual results, the net sales increased by 38 per cent to Rs 141 crore, operating profit increased by 39 per cent to Rs 25 crore and net profit increased by 43 per cent to Rs 10 crore in FY25 compared to FY24. The shares of the company have an ROE of 38 per cent and a ROCE of 32 per cent. The stock is up by 9 per cent from its 52-week low of Rs 136.05 per share.

Disclaimer: The article is for informational purposes only and not investment advice.