Delhi’s Waste to Wonder Park Developer Secures New Contract Worth Rs 5,45,00,000 from Multiple Clients Including J Kumar Infra – Net Profits Surge by 300 Per cent!
The company’s shares have delivered an impressive return of over 230 per cent to its shareholders.
This Small-Cap waste management company has secured orders worth Rs 5.45 crore from multiple clients:
Balaji Engicons Ltd has awarded a contract for civil engineering work on the Gevra Road to Pendra Road, focusing on constructing retaining walls. The contract is valued at Rs 1,02,36,400.
J.Kumar Infraprojects Ltd has engaged the company for the construction of a four-lane elevated corridor on the Grand Southern Trunk Road, from 6/0 to 9/200 (Teynampet to Saidapet). This project involves ground improvement work under the Engineering, Procurement, and Construction (EPC) mode, with a total contract value of Rs 4,42,91,150.
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Incorporated in November 1994, Z-Tech (India) Limited is engaged in designing civil engineering products and providing advanced geotechnical solutions for infrastructure and civil construction projects in India. The company is also active in the waste management sector, focusing on creating theme parks using recycled scrap materials. Notable projects include Waste to Wonder Park in New Delhi, Bharat Darshan Park in New Delhi, Kathak Selfie Park in Lucknow, and Periyakulam Selfie Park in Coimbatore.
Read Rs 6,776 Crore Order Book: Reliance-Backed Multibagger Telecom Infra Company Hits 52-Week High Today – 2 Per cent of Revenue Comes from Defence!
Today, the shares of Z-Tech (India) closed at around Rs 366 per share on the NSE. The company’s current market capitalization stands at Rs 468.38 crore. Additionally, the shares have delivered an impressive return of over 230 per cent compared to its final IPO issue price of Rs 110 each.
Looking at the annual performance, the company generated a revenue of Rs 67.32 crore in FY24 compared to Rs 25.73 crore representing a gain of 162 per cent. The operating profit for FY24 was Rs 11.21 crore with a net profit of Rs 7.80 crore compared to a net profit of Rs 1.96 crore in FY23 representing a gain of around 300 per cent YoY.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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