High ROE & high ROCE multibagger stock: Waste management company bags new order worth Rs 1,47,17,196 from Khambhat Municipality
The stock is up 93 per cent from its 52-week low of Rs 265 per share.
Urban Enviro Waste Management Limited has been awarded the work order by Khambhat Municipality (Anand District, Gujarat) for door-to-door garbage Collection with a closed-body garbage tipper vehicle including Fuel and sufficient manpower for Khambhat Nagarpalika. The work order is valued at Rs 1,47,17,196 for a period of 1 year.
On Friday, shares of Urban Enviro Waste Management hit a 2 per cent upper circuit to Rs 510.90 per share from its previous closing of Rs 500.90 per share. The stock also made a 52-week high of Rs 510.90 per share and its 52-week low is Rs 265 per share.
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 221 crore and has a good return on equity (ROE) track record: 3-year ROE 84 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 126 per cent and a ROCE of 39 per cent. The stock is up 93 per cent from its 52-week low of Rs 265 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.