Urban Enviro Waste Management Limited (UEWM) has secured a significant work order valued at Rs 19.06 crore from Nagar Nigam Jaipur Heritage (NNJH). The project, which spans two years, involves a comprehensive waste management solution. This includes door-to-door household waste collection, segregation, and transportation, as well as waste collection from open depots. The project also integrates GPS-based Vehicle Tracking Systems (VTS) and sweeping waste management across all 30 wards in the HawaMahal Amer Zone of NNJH.
Bonus Share Issuance
Previously, Urban Enviro Waste Management issued 43,30,000 equity shares with a face value of Rs 10 each as a bonus to its eligible shareholders. This was done in the ratio of 1:1, meaning one new equity share for every existing share held on the Record Date. The ex-date for the bonus shares was set on February 7, 2025.
Company Overview
Incorporated in 2011, UEWM provides municipal solid waste (MSW) management services and waste management solutions. The company has a market capitalization of Rs 161 crore and boasts a strong return on equity (ROE), with a three-year ROE of 52%.
Financial Performance
The company’s annual results show impressive growth. Net sales increased by 162% to Rs 102 crore, operating profit rose by 125% to Rs 18 crore, and net profit surged by 250% to Rs 7 crore in FY24, compared to FY23.
Stock Performance and Investor Insights
The company’s shares have a return on equity (ROE) of 52% and a return on capital employed (ROCE) of 30%. The stock has gained 46% from its 52-week low of Rs 136.05 per share, making it an attractive option for investors. As a micro-cap stock with strong growth potential, UEWM is recommended for long-term investment.
