This small-cap stock secures multiple orders worth Rs 4,00,96,987!

A leading provider of waste management solutions and municipal solid waste services in India.

Urban Enviro Waste Management Ltd is a leading provider of waste management solutions and municipal solid waste services in India. With over 11 years of experience, they serve local bodies, industries, research institutes, and more. Their services encompass waste collection, transportation, segregation, and disposal. They're known for their ongoing projects and commitment to excellence, using the latest technologies to create a cleaner environment. Established in 2011, they've grown significantly and continue to provide top-notch waste management solutions.

Urban Enviro Waste Management Ltd has secured a significant Work Order from the Municipal Council of Mul in Chandrapur District on August 31, 2023. Valued at Rs 3,87,04,987, the contract entails the collection, transportation, and processing of solid waste, road sweeping, area cleaning, cleaning of drains, and the transportation of waste collected from drains. This work order spans a period of two years, covering the fiscal years 2023-24 and 2024-25.  

Furthermore, Urban Enviro Waste Management Ltd also secured a significant Work Order from MIHAN India Limited on September 1, 2023. Valued at Rs 13,92,000, the contract entails the disposal of waste and garbage from the Dr Babasaheb Ambedkar International Airport premises in Nagpur. The contract spans 12 months, running from September 1, 2023, to August 31, 2024.

The company has delivered returns of 9.84 per cent from the date of its listing in June 2023. Additionally, the company has a ROCE of 17.2 per cent and a ROE of 46.3 per cent.

On Friday, shares of the company plunged by 5 per cent and traded at Rs 154.05.

Investors should keep a close eye on this buzzing stock.

Disclaimer: The article is for informational purposes only and not investment advice.