Company Overview

Urban Enviro Waste Management Limited, originally incorporated as Nagpur Waste Handling Private Limited on June 2, 2011, in Mumbai, has evolved into a specialized provider of Municipal Solid Waste (MSW) management services. The company underwent significant transformations, including a name change to Urban Enviro Waste Management Private Limited on March 30, 2022, before converting to a public limited company and adopting its current name on December 27, 2022.

The company operates in India's MSW management service industry, offering comprehensive solutions for waste collection, transportation, segregation, processing, and disposal across cities primarily in Western India, serving local municipalities. In addition to its core waste management services, Urban Enviro also provides manpower services, supplying skilled and unskilled workers to various industries and organizations.

Business Operations and Service Portfolio

Urban Enviro's business model is designed to address the growing environmental challenges in urban areas by encompassing a complete spectrum of waste management services. The company primarily undertakes MSW projects involving:

- Door-to-door collection: Collecting municipal solid waste from households, slums, commercial establishments, and bulk waste generators using primary collection vehicles like compactors, dumper placers, and tippers.

- Transportation: Moving collected waste to processing facilities, transfer stations, or designated disposal sites.

- MSW Processing: Sorting and segregating received waste, followed by composting where required.

- Street Sweeping: Deploying comprehensive cleaning operations using sweeping brooms, manpower, maintenance services, consumables, and ensuring safe waste disposal in designated areas.

The company also provides manpower services to diverse industries, complementing its waste management operations.

Project Portfolio and Market Presence

Urban Enviro has built a robust project portfolio comprising 36 projects, with 18 completed projects successfully managing a total of 2,000 MT of waste. The ongoing projects are strategically diversified across various service offerings, with a significant concentration of 10 projects located in Maharashtra. As of January 31, 2023, the company had undertaken more than 27 projects, including 5 completed projects and 22 ongoing ones, demonstrating its capability in handling large-scale municipal projects across MSW collection, processing, and street sweeping.

Financial Performance and Market Position

Urban Enviro demonstrates strong financial performance with operating revenue of ₹260.03 Crore on a trailing 12-month basis. The company showcases exceptional growth metrics with annual revenue growth of 161%. It maintains a healthy pre-tax margin of 10% and an exceptional Return on Equity (ROE) of 32%. While it has a relatively higher debt-to-equity ratio of 93%, its profitability and growth are noteworthy.

The company reported a TTM profit after tax of ₹7 Crore, and its total asset value stood at ₹63 Crore as of March 31, 2024. In the quarter ending September 2023, Urban Enviro declared a dividend of ₹0.50 per share, translating to a dividend yield of 0.27%.

Key Financial Metrics

- Operating Revenue (TTM): ₹260.03 Crore

- Annual Revenue Growth: 161%

- Pre-Tax Margin: 10%

- Return on Equity (ROE): 32%

- Debt-to-Equity Ratio: 93%

- Profit After Tax (TTM): ₹7 Crore

- Total Assets (as of March 31, 2024): ₹63 Crore

- Dividend Declared (Q3 FY23): ₹0.50

- Dividend Yield: 0.27%

Market Capitalization and Stock Performance

Urban Enviro Waste Management Ltd has a market capitalization of approximately ₹152 Crore (reported as ₹134 Crore in recent reports). The stock has experienced significant volatility, with a 52-week high of ₹347.58 and a 52-week low of ₹136.05.

The company has delivered returns of 10.24% over the last year. However, over the past six months, the share price has decreased by 53.27%, and in the last year, it has decreased by 2.95%. The Price-to-Earnings (P/E) ratio stands at 22.54 times as of April 23, 2025, representing a 28% discount to its peers' median range of 31.27 times.

Leadership and Corporate Governance

The company's promoter is Suresh Sharma, who holds 51.17% of the total equity. Kamlesh Sharma serves as both the Chairman and Managing Director, while Shraddha Kulkarni acts as the Company Secretary and Compliance Officer. Notably, there is no promoter pledging recorded for Urban Enviro Waste Management Ltd.

Recent Developments and Contracts

Urban Enviro has recently secured a significant two-year waste management contract worth ₹19.06 Crore awarded by Nagar Nigam Jaipur Heritage on April 26, 2025. Additionally, the company was exempted from related party disclosures for H1 FY25 as per SEBI SME listing rules on April 23, 2025.

Stock Exchange Listing and Trading Details

Urban Enviro Waste Management Ltd is listed on both BSE (Scrip Code: 78747) and NSE (Symbol: URBAN) under the 'Others' sector, with ISIN Code: INE0O0201019. The company trades on the NSE SME platform, offering investors access to this specialized waste management sector player through established stock exchanges.

Urban Enviro Waste Management Ltd stands as a significant player in India's burgeoning waste management industry, combining operational expertise with strategic market positioning to address critical environmental challenges in urban India. The company's diversified project portfolio, strong financial metrics, and recent contract wins position it well for continued growth in the expanding municipal solid waste management sector.