1:1 Bonus Share: Waste management company bags new orders worth Rs 2,57,19,576 from Morbi Municipal Corporation & Taluka Panchayat Dabhoi

The stock is up over 10 per cent from its 52-week low of Rs 136.05 per share.

Urban Enviro Waste Management Limited has secured two new contracts in Gujarat, totalling Rs 2,57,19,576. The first order, valued at Rs 1,90,80,000, is from Morbi Municipal Corporation for one year. This contract involves the collection, transportation, and dumping of waste from all areas and hand cart points in Wards 1 to 13, utilising manpower, machinery, and vehicles, with disposal at the compost yard. The second order, worth Rs 66,39,576 per year for three years, comes from Taluka Panchayat Dabhoi for comprehensive dry waste collection, transportation, unloading, and disposal services. These new wins strengthen Urban Enviro Waste Management's presence in Gujarat's waste management sector.

Furthermore, 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 132 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 over 10 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.