Enviro Infra Engineers Ltd
NSE: EIEL BSE: 544290Infra
Established in 2009, Enviro Infra Engineers is engaged in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants (WWTPs) and water supply projects (WSSPs) for government agencies/entities.[1]
₹186
52W: ₹135 — ₹306
PE 16.6 · Book ₹61.3 · +203% vs bookMarket Cap₹3,268 Cr
Stock P/E16.6Price to Earnings
ROCE33%Return on Capital
ROE26.8%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has delivered good profit growth of 101% CAGR over last 5 years
- +Company has a good return on equity (ROE) track record: 3 Years ROE 35.8%
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Working capital days have increased from 30.6 days to 100 days
Shareholding Pattern
Promoters70.19%
FIIs0.58%
DIIs0.87%
Public28.36%
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 70.02% | 70.09%▲0.1 | 70.09% | 70.11%▲0.0 | 70.13%▲0.0 | 70.19%▲0.1 |
| FIIs | 1.45% | 0.65%▼0.8 | 0.33%▼0.3 | 0.42%▲0.1 | 0.4%▼0.0 | 0.58%▲0.2 |
| DIIs | 5.19% | 3.68%▼1.5 | 2.71%▼1.0 | 1.26%▼1.4 | 1.03%▼0.2 | 0.87%▼0.2 |
| Public | 23.35% | 25.58%▲2.2 | 26.87%▲1.3 | 28.2%▲1.3 | 28.44%▲0.2 | 28.36%▼0.1 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 119 | 149 | 300 | 205 | 209 | 247 | 384 | 232 | 217 | 230 |
| Expenses | 97 | 122 | 214 | 154 | 157 | 193 | 293 | 175 | 161 | 174 |
| Operating Profit | 22 | 27 | 86 | 51 | 51 | 54 | 91 | 57 | 56 | 56 |
| OPM % | 18% | 18% | 29% | 25% | 25% | 22% | 24% | 25% | 26% | 24% |
| Net Profit | 14 | 20 | 59 | 33 | 33 | 36 | 71 | 41 | 39 | 41 |
| EPS ₹ | 5.22 | 7.14 | 4.33 | 2.42 | 2.43 | 2.07 | 4.03 | 2.32 | 2.23 | 2.34 |
AI Insights
Revenue Trend
TTM revenue at ₹1,064Cr, up 1.7% YoY. OPM at 24%.
Debt Position
Borrowings at ₹156Cr. Debt-to-equity ratio: 0.17x. Healthy balance sheet.
Capex Cycle
CWIP at ₹2Cr (2% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 0.87% (-4.32pp change). FIIs: 0.58% (-0.87pp change). Promoters hold 70.19%.
Margin & Efficiency
ROCE improving from 0% (Mar 2020) to 33% (Mar 2025). Working capital days: 100.
Valuation
PE 16.6x with 33% ROCE. Price is 203% above book value of ₹61.3. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 2d - Q4 FY26 monitoring report: IPO proceeds largely utilized; delay in FY25 object implementation, no deviation.
- Announcement Under Regulation - 30 - Update On Litigation/Dispute 6 May - Company wins ₹8.65 crore arbitral award against HSIIDC for Faridabad and Rohtak CETP projects.
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 1 May - Received LoA for Gujarat EPC and 10-year O&M contract worth ₹113.51 crore.
- Announcement under Regulation 30 (LODR)-Investor Presentation 29 Apr
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 29 Apr - Enviro Infra buys 51% of Suyog Urja for ₹111 crore; total ₹311 crore in three tranches.
- Financial Year 2025 from bse
- Rating update 8 May from crisil
- Rating update 28 Jul 2025 from crisil