Listed below is a recently listed Water and Waste management engaged in the design, construction, operation, and maintenance of water and Waste-Water Treatment Plants and many more related to it, in which Ace Investor Mukul Mahavir Agrawal has invested.
Price Action
With a market capitalization of Rs. 4,009 Crores, the shares of Enviro Infra Engineers Limited were trading at Rs. 228.40 per equity share, up 2.6 percent from its previous day’s close price of Rs. 222.6.
About the Company
Enviro Infra Engineers Limited 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. As of Q1FY25, it has a strong order book of Rs. 1,906+Crores.
It includes Sewage Treatment Plants, Sewerage Schemes, Common Effluent Treatment Plants, and Water Treatment Plants along with pumping stations and the laying of pipelines for water supply.
IPO
Enviro Infra Engineers Limited recently launched its Initial Public Offering (IPO) with an offer size of Rs. 650.43 Crore consisting of a fresh issue for Rs. 572.46 Crores and an offer for sale of Rs. 77.97 Crores.
The objects of the issue were to meet the Working Capital Requirements, Infusion of funds in its Subsidiary, EIEL Mathura Infra Engineers Private Limited to build 60 MLD STP under the project titled ‘Mathura Sewerage Scheme” at Mathura in Uttar Pradesh through Hybrid Annuity PPP Mode.
Further, it involves Repayment/prepayment in full or in part, of certain of our outstanding borrowings and Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Ace Investor Investment
Ace Investor Mukul Mahavir Agrawal seems to have invested in the recently listed Enviro Infra Engineers Limited by owning a 1.03 percent stake in the company consisting of 18 Lakh equity shares.
Financials and Ratios
Its revenue from operations grew by 116 percent from Rs. 341.66 Crores in FY23 to Rs. 738 Crores in FY24, accompanied by profits of Rs. 54.98 Crores to Rs. 110.54 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 51.68 percent and a return on capital employed (ROCE) of 32.34 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.8.
Written by: Bharath K.S
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