Enviro Infra Engineers Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

Revenue from operations increased 77.82% YoY to Rs 213.01 crore in Q2 FY25.

Profit before tax (PBT) soared 189.86% to Rs 49.74 crore during the quarter ended 30th September 2024 as compared with Rs 17.16 crore posted in the quarter ended 30th September 2023.

Total expenses increased 65% to Rs 171.80 crore in Q2 FY25 as compared with Rs 104.12 crore in Q2 FY24. Cost of material consumed stood at Rs 86.32 crore (up 30.37% YoY), stores, spares and tools consumed and hiring of equipment & machinery stood at Rs 1.50 crore (up 28.21% YoY), employee benefit expenses was at Rs 10.90 crore (up 35.74% YoY) during the period under review.

On half yearly basis, the company’ consolidated net profit surged 101.37% to Rs 66.35 crore in H1 FY25 as compared with Rs 32.95 crore in H1 FY24. Revenue from operations jumped 50.09% YoY to Rs 418.19 crore in H1 FY25.

Enviro Infra Engineers is in the business of designing, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies.

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Shares of Enviro Infra Engineers have risen over 16% in three straight sessions to hit a record high of Rs 324 today.

The stock entered the bourses on 29 November 2024. It was listed at Rs 218, exhibiting a premium of 47.3% to the issue price of Rs 148. The stock is currently up 111.35% over its IPO price.

The initial public offer (IPO) of Enviro Infra Engineers was subscribed to 89.90 times. The issue opened for bidding on 22 November 2024, and it closed on 26 November 2024. The price band of the IPO was fixed between Rs 140 and 148 per share.

Enviro Infra Engineers is in the business of designing, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs), while WSSPs include Water Treatment Plants (WTPs) along with pumping stations and the laying of pipelines for water supply.

The company participates in tenders floated by state governments and ULBs for developing WWTPs and WSSPs on an EPC or HAM basis. Till 30 June 2024, the company has successfully developed 28 WWTPs and WSSPs across India in the last seven (7) years, including 22 projects of 10 MLD capacity and above.

The firm reported a consolidated net profit of Rs 28.16 crore and sales of Rs 205.18 crore for the three months ended on 30 June 2024.

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Enviro Infra Engineers will hold a meeting of the Board of Directors of the Company on 18 December 2024.

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The scrip was listed at Rs 218, exhibiting a premium of 47.3% to the issue price.

So far, the stock has hit a high of 233.50 and a low of 215.30. On the BSE, over 26.28 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Enviro Infra Engineers was subscribed to 89.90 times. The issue opened for bidding on 22 November 2024, and it closed on 26 November 2024. The price band of the IPO was fixed between Rs 140 and 148 per share.

The IPO comprised a fresh issue of up to 3,86,80,000 equity shares of Rs 10 each and an offer for sale of up to 52,68,000 equity shares of Rs 10 face value each.

Of the net proceeds from the fresh issue, Rs 31.45 crore will be used for the prepayment or repayment of certain outstanding borrowings, investment in subsidiaries HPPL, STBFL, and JPPL for funding working capital requirements, and general corporate purposes.

As of 30 June 2024, total outstanding stood at Rs 305.59 crore, and this includes unsecured loans of about Rs 49.18 crore.

Ahead of the IPO, Enviro Infra Engineers on Thursday, 21 November 2024, raised Rs 194.68 crore from anchor investors. The board allotted 1.31 crore shares at Rs 148 each to 22 anchor investors.

Enviro Infra Engineers (EIEL) is in the business of designing, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies. WWTPs include Sewage Treatment Plants (STPs), Sewerage Schemes (SS), and Common Effluent Treatment Plants (CETPs), while WSSPs include Water Treatment Plants (WTPs) along with pumping stations and the laying of pipelines for water supply.

The company participates in tenders floated by state governments and ULBs for developing WWTPs and WSSPs on an EPC or HAM basis. Till 30 June 2024, the company has successfully developed 28 WWTPs and WSSPs across India in the last seven (7) years, including 22 projects of 10 MLD capacity and above.

The firm reported a consolidated net profit of Rs 28.16 crore and sales of Rs 205.18 crore for the three months ended on 30 June 2024.

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