Multibagger Wastewater Management Company Emerges as L-1 Bidder Worth Rs 681.49 Crore for Kolkata Municipal Corporation Tender
The company’s shares have delivered an impressive multibagger return of over 110 per cent in just 6 months.
This Small-Cap company specializes in providing turnkey services in water and wastewater collection, treatment, and disposal. EMS provides complete, single-source services from engineering and design to construction and installation of water, wastewater, and domestic waste treatment facilities and has received the lowest bidder (L-1) status for its largest tender awarded by the Kolkata Municipal Corporation.
The estimated order value is approximately Rs 68,149.43 lakhs (Rupees Sixty-Eight Thousand One Hundred Forty-Nine Lakhs and Forty-Three Thousand Only), including operations and maintenance for 15 years. The scope of the order is to design, build, test, and commission are to be executed within 36 months (including a trial run of 3 months), followed by an operations and maintenance period of 15 years.
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Furthermore, the Board of Directors of EMS Ltd has approved raising funds through the issuance of equity shares of the Company (“Equity Shares”) with a face value of Rs 10 each, for an aggregate amount not exceeding Rs 400 crore (Rupees Four Hundred Crores only). This will include any discounts or premiums to market prices permitted under applicable law and will be conducted via a qualified institutions placement (“QIP”) in one or more tranches, subject to any necessary regulatory/statutory approvals and the approval of the shareholders of the Company.
Today, the shares of EMS Ltd closed the day at around Rs 816.30 per share on the BSE. The company’s current market capitalization stands at Rs 4532.98 crore. Additionally, the shares have delivered an impressive multibagger return of over 110 per cent in the past 6 months only.
As per the Quarterly Results EMS Ltd recorded a revenue of Rs 206 crore compared to Rs 138 crore. The operating profit stood at Rs 50 crore compared to Rs 32 crore. The net profit stood at Rs 37 crore compared to a profit of Rs 23 crore.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.