Rs 145 crore order book: This micro-cap company bags new order worth Rs 9,80,36,789 from Pimpri Chinchwad Municipal Corporation
From Rs 99.20 to Rs 400.70 per share, the stock gave multibagger returns of over 300 per cent in just 3 months.
Z-Tech (India) Limited has been awarded the Bollywood Park project in Pimpri Chinchwad, Maharashtra, on a Build-Operate-Transfer (BOT) basis. The project, awarded by the Chinchwad Municipal Corporation, has a concession period of 15 years with an option for a 5-year extension based on our performance. The estimated project cost is Rs 9,80,36,789. This significant win reinforces our commitment to delivering high-quality projects in collaboration with public authorities and positions us favourably for future growth. The company is confident that meets the project's performance benchmarks, which could lead to a longer concession period.
Earlier, the company has secured a noteworthy project from Jammu Smart City, Jammu (J&K). The project entails the design, engineering and development of a Waste to Wonder Park at Khanpur, Jammu, under a Public-Private Partnership (PPP) model. The company will be responsible for the operation, maintenance, and management of the park for 20 years. The order value for this project is a substantial Rs 12,00,00,000 excluding GST. This marks a significant accomplishment for Z-Tech and is anticipated to positively impact the company's growth trajectory.
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.
Z-Tech (India) Ltd, a leading provider of civil engineering solutions, specializes in creating innovative and sustainable geotechnical solutions for infrastructure and civil construction projects in India. The company's diverse portfolio includes sustainable theme park development, industrial wastewater management, and geotechnical specialized solutions. By repurposing waste materials, Z-Tech contributes to environmental conservation while offering engaging and immersive experiences for visitors. Additionally, their expertise in treating industrial wastewater and extracting valuable chemicals promotes resource efficiency. Moreover, the company's geotechnical solutions address complex challenges related to soil and rock mechanics, ensuring the structural integrity and safety of infrastructure projects.
The company has a market cap of over Rs 500 crore and as of June 30, 2024, the company has an order book of Rs 145 crore. From Rs 99.20 to Rs 400.70 per share, the stock gave multibagger returns of over 300 per cent in just 3 months. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.