Ashish Kacholia stock jumps 6% after securing orders from Municipal Corporation of Delhi

SYNOPSIS:
Z-Tech (India) secured two MCD urban development projects worth Rs. 7.09 crore, including recreational space upgrades in Mayapuri, Janakpuri, and Karol Bagh, enhancing its presence in Delhi’s civic and green infrastructure segment.

Shares of a company engaged in the design, development, and operations of theme-based city parks, industrial wastewater management, and specialised geotechnical solutions surged nearly 6 percent on NSE, after securing Municipal Corporation of Delhi (MCD) orders.

At 12:46 p.m., the shares of Z-Tech (India) Limited were trading in the green at Rs. 496.8 on NSE, up by around 5 percent, as against its previous closing price of Rs. 473.9, with a market cap of Rs. 712 crores. The stock hit its 52-week high at Rs. 731.15 on 17th January 2025, and is trading at a discount of around 32 percent from its current price levels.

What’s the News

According to the latest disclosures filed with the NSE, Z-Tech (India) Limited has been awarded two significant urban development projects by the Municipal Corporation of Delhi (MCD), with a combined order value of around Rs. 7.09 crores. These wins further strengthen the company’s presence in Delhi’s civic infrastructure sector.

The order involves the development of Urban Recreational Spaces at Mayapuri near the DTC Depot and the park near Janakpuri West Metro Station, both located in the West Zone and awarded under EPC mode. These two projects collectively amount to Rs. 4.48 crore.

In addition, the company received a separate contract worth around Rs. 2.6 crore for the Development of an Urban Green Recreational Space – “Children Park” at Ajmal Khan Park, Karol Bagh.

These projects include comprehensive landscaping, creation of green zones, installation of recreational facilities and overall upgradation of public spaces, aimed at promoting improved community recreation and sustainable urban environments.  

Financials & More

Z-Tech reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 81 percent, from Rs. 19.04 crores in Q2 FY25 to Rs. 34.5 crores in Q2 FY26.

Likewise, the company’s net profit doubled during the same period, from Rs. 3 crores to Rs. 6.06 crores, reflecting an impressive rise of around 102 percent YoY. As of September 2025 shareholding data, the ace investor Ashish Kacholia holds a 3.49 percent stake in the company.

Z-Tech (India) Limited has evolved from a civil construction firm to a creative urban rejuvenator, known for developing eco-friendly infrastructure and interactive public spaces. 

The company has strategically diversified into three high-growth verticals: Creative park development using upcycled materials and immersive designs, Industrial wastewater treatment powered by its proprietary GEIST technology, and Geo-technical and civil engineering industry to address challenges related to soil and rock mechanics.

Written by Shivani Singh

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