Rs 2,572.68 crore order book: This multibagger waste management company bags order worth Rs 11,905.04 lakh from U.P. Jal Nigam Ltd
The stock gave multibagger returns of 174 per cent from its 52-week low of Rs 246.50 per share.
EMS Limited was awarded a contract for a project in Hathras Town, Uttar Pradesh, India under the Namami Gange Programme. This Design-Build-Operate-Transfer (DBOT) mode project involves surveying, investigating, designing, building, operating, and transferring interception & diversion and treatment works. The total estimated value of the project is approximately Rs 11,905.04 lakh, with EMS Limited having a 26 per cent share in the joint venture undertaking the project. The contract was awarded by a domestic entity, the Circle Office, U.P. Jal Nigam (Rural) of Agra, and includes a 15-year operation and maintenance period.
EMS Limited is a company that specializes in providing turnkey services for water and wastewater collection, treatment, and disposal. EMS is headquartered in Delhi, India, and provides complete, single-source services from engineering and design to construction and installation of water, wastewater, and domestic waste treatment facilities.
Today, shares of EMS Ltd gained 5.2 per cent and made a fresh new 52-week high of Rs 675 per share from its previous closing of Rs 641.65. The company falls under the S&P BSE IPO Index with a market cap of over Rs 3,500 crore. According to the Quarterly Results (Q4FY24) and annual results (FY24), the company reported amazing numbers. As of December 2023, the company has an order book of Rs 2,572.68 crore.
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The shares of the company have an ROE of 24 per cent and an ROCE of 30 per cent. The stock gave multibagger returns of 174 per cent from its 52-week low of Rs 246.50 per share. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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