Celebrating success: Shares of this company soar 33 per cent above IPO price; do you own it?
During intraday trading, the shares climbed more than 36 per cent, reaching an intraday high of Rs 288.70 per share on the BSE.
EMS Ltd, a company specializing in comprehensive services pertaining to the collection, treatment, and disposal of water and wastewater, marked an impressive debut on the stock exchanges on September 21, with shares listing at a substantial 33 per cent premium over the issue price.
The stock commenced trading at Rs 281.55 on the BSE, significantly higher than the issue price of Rs 211. During intraday trading, the shares soared more than 36 per cent, reaching an intraday high of Rs 288.70 per share on the BSE.
The company operates across a diverse spectrum of infrastructure sectors, including services related to sewerage solutions, water supply systems, water and waste treatment facilities, electrical transmission and distribution networks, as well as road and associated projects.
The services of the company typically encompass a comprehensive range of tasks, starting from project design and engineering, raw material procurement, on-site execution, and overall project management, all the way through to project commissioning.
| Rs (in crore) |
FY21 |
FY22 |
FY23 |
| Total Revenue |
336 |
363 |
543 |
| Net Profit |
71.91 |
78.93 |
108.67 |
| PAT Margins (%) |
21.76 |
21.97 |
20.18 |
| RoE (%) |
23.83 |
20.79 |
22.27 |
The company has demonstrated consistent growth in both its revenue and net profit in recent years. Notably, the growth achieved in FY23, compared to FY22, was particularly remarkable. The company has consistently maintained PAT margins and Return on Equity (RoE) above 20 per cent over the last three years.
The company's strength lies in its in-house design, engineering, and execution team, which boasts strong capabilities and industry experience. Furthermore, the company maintains a robust order book, featuring projects funded by the World Bank. In line with its growth strategy, the company aims to expand its presence while leveraging government policy initiatives within the WWSP and WSSP sectors.
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