Turnaround Story: Micro-cap Recycling Company Secures Order Worth Rs 2,75,00,000 from Coca Cola India!
Ganesha Ecoverse is a micro-cap Indian company that specializes in providing comprehensive e-waste management solutions. They cater to various industries, including IT, telecommunications, and government organizations, offering end-to-end services for electronic waste disposal and recycling. The company has announced a work order received from a renowned company Coca Cola India Private Limited.
The company has initiated a partnership with Coca-Cola India Private Limited and, on October 16, 2024, received an order from them for the supply of sustainable jackets. This order will be executed within a time frame of 3 months. The value of the contract is Rs 2.75 crore.
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Looking at the share performance, at the start of the day's trading session, shares of Ganesha Ecoverse opened at Rs 52.15 per share, compared to the previous day's closing figure of Rs 51.23 per share on the BSE. Finally, the shares closed at Rs 51.48 per share. The company's current market capitalization stands at Rs 126.61 crore. Additionally, the company’s shares have delivered around 50 per cent return in the past 2 years.
The company doesn’t announce Quarterly Results and as per the half-yearly report in March 2024, Ganesha Ecoverse recorded a revenue of Rs 4.83 crore. The operating loss reported by the company was Rs 0.07 crore. The net profit stood at Rs 3.86 crore compared to a loss of Rs 1.14 crore. Looking at the annual performance, the company generated a revenue of Rs 5.93 crore in FY24. The operating loss for FY24 was Rs 0.09 crore with a net profit of Rs 4.23 crore compared to a net loss of Rs 2.34 crore in FY23.
According to the company's shareholding pattern, the promoters hold around 1.34 per cent stake while the public investors own a 98.65 per cent stake in the company.
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Investors must keep this company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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