Synopsis:
The Bangalore Water Supply and Sewerage Board has awarded Enviro Infra Engineers Ltd (EIEL) a Rs. 221.26 crore work order, expanding its involvement in advanced wastewater treatment. After the announcement, the stock increased by more than 2%.
A small-cap company that works with government agencies and entities to design, build, operate, and maintain water and wastewater treatment plants (WWTPs) and water supply projects (WSSPs) has received a new work order of Rs. 221.26 crores.
With the market capitalization of Rs. 4,960 crores, the shares of Enviro Infra Engineers Ltd opened at Rs. 283, up 2.3 percent from its previous day’s close price of Rs. 276.01 per equity share, and it has reached a high of Rs. 286.25 in the same trading day.
Work Order
The Bangalore Water Supply and Sewerage Board (BWSSB) has awarded two significant projects totaling Rs. 221.26 crore to Enviro Infra Engineers Limited (EIEL)These projects will help the company strengthen its presence in wastewater reuse, using tertiary treatment and ultrafiltration technologies.
Project Details
- The first work order involves EPC of a 20 MLD sewage treatment plant with a 10 MLD ultrafiltration system, along with operation and maintenance for 10 years.
- Secondly, EPC of a 15 MLD sewage treatment plant with a 7.5 MLD ultrafiltration system, also with 10 years of operation and maintenance contract.
These orders highlight EIEL’s growing role in advanced water treatment projects across India.
Management Views
The chairman of Enviro Infra Engineers Ltd (EIEL), Mr. Sanjay Jain, expressed his pride in the company’s acquisition of significant projects from the Bangalore Water Supply and Sewerage Board (BWSSB). According to him, this demonstrates BWSSB’s faith in EIEL and the company’s capacity to manage challenging water treatment projects.
In order to help enhance water and sanitation systems in India, he continued, EIEL will continue to concentrate on producing high-quality and timely work. Additionally, this project solidifies EIEL’s position as a major participant in the nation’s water infrastructure market.
About the Company & Others
has been offering water and wastewater solutions throughout India since 2009. The company specializes in building water treatment plants (WTPs), sewage treatment plants (STPs), and effluent treatment plants (ETPs) for communities and industries with a focus on sustainability, quality, and innovation.
The business minimizes its reliance on outside parties by managing design, engineering, civil construction, and execution with a robust in-house team. The services offered by EIEL cover every stage of a project’s lifecycle, from design and material acquisition to site execution, commissioning, and operations and maintenance (O&M) after commissioning. Maintaining project performance in accordance with industry and governmental quality standards is ensured by a committed O&M team.
As on 31 March 2025, the company has an order book of Rs. 1,185 crores with a robust O&M order book of Rs. 806.6 crores, also backed by over 5000 crores worth of bids in the pipeline.
A return on equity (ROE) of about 27.4 percent and a return on capital employed (ROCE) of about 31.7 percent demonstrate the company’s strong position. At the moment, the company’s P/E ratio is 28.2x as compared to its industry P/E 29.3x.
Its revenue from operations grew by 46.25 percent from Rs. 729 Crores in FY24 to Rs. 1066 Crores in FY25, accompanied by profits of Rs. 177 Crores in FY25 compared to 106 crores in FY24. The debt-to-equity ratio stands at 0.24.
Written by Akshay Sanghavi
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