High ROE & high ROCE multibagger stock: This waste management company bags new order worth Rs 1,94,32,600 from North Western Railway
The stock gave multibagger returns of over 500 per cent from its 52-week low of Rs 72.2 per share.
Urban Enviro Waste Management Limited informed that the Company has received a work order from the Additional Medical Superintendent Office, North Western Railway, Jodhpur, Rajasthan for mechanized cleaning, sweeping, sanitation, disinfection, rag picking, vegetation cutting, garbage removal-transportation & disposal works of Division Railway Hospital Jodhpur, for the period of four years. The work order is worth Rs 1,94,32,600.
On Friday, shares of Urban Enviro Waste Management plunged 2.30 per cent to Rs 434 per share from its previous closing of Rs 444.20 with an intraday high of Rs 464.90 and an intraday low of Rs 432. The stock’s 52-week high is Rs 541.30 and its 52-week low is Rs 72.2.
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 187.92 crore and has a good return on equity (ROE) track record: 3-year ROE 84 per cent.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
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 126 per cent and a ROCE of 39 per cent. The stock gave multibagger returns of over 500 per cent from its 52-week low of Rs 72.2 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Multibagger solar EPC stock rockets with heavy volume - Could it be the next Waaree Renewables Technologies? Order book at Rs 3,100 crore & Promoters increase stake!