Rs 2,572.68 crore order book and 170 per cent multibagger returns: Heavy buying witnessed in this civil construction stock; bags new order worth Rs 53,519.42 Lakh!
Shares of the company gained more than 70 per cent in the last six months.
Shares of EMS Limited gained more than 14 per cent on Tuesday. The stock has witnessed heavy buying activity from investors in the last few days. The stock also made a new 52 week high on Tuesday. Earlier, EMS Limited has secured a significant contract valued at approximately Rs. 53,519.42 Lakh to develop and operate a water supply and sewerage system in Vikas Nagar, Dehradun, Uttarakhand, for 18 years. The project was awarded by a domestic entity, the Uttarakhand Development Agency. EMS Limited holds a 95 per cent stake in the joint venture undertaking this project. The contract entails the design, construction, and subsequent operation and maintenance of the water and sewerage infrastructure in the region.
Recently, EMS Limited also secured a contract worth approximately Rs 14,112.14 Lakh from Uttarakhand Power Corporation Limited. This project focuses on developing and improving distribution infrastructure to reduce electricity losses in the EDC Dehradun rural circle. As part of this Revamped Reforms-based and Results-linked Distribution Sector Scheme, EMS Limited will be responsible for designing, supplying, installing, testing, and insuring the necessary plant and equipment.
The company also posted robust results in Q4FY24. The revenue of the company for Q4FY24 stood at Rs 245.26 crore which increased by 28.92 per cent YoY. The operating profit of the company stood at Rs 68.29 crore, while the PAT of the company stood at Rs 47.38 crore which increased by 32.29 per cent from FY23. The company has an order book of Rs 2,572.68 crore. The stock has also delivered multibagger returns of over 170 per cent in the last one year.
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EMS Limited is a multi-disciplinary EPC company, headquartered in Delhi that 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.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.