The shares of the water treatment solution provider hit 2 percent upper circuit after the company bagged a prestigious work order from Afcons Infrastructure Limited for 42,98,000 USD.
With a market capitalization of Rs 541.53 crore, the shares of Effwa Infra & Research Ltd were trading at Rs 233.95 per share, increasing around 1.94 percent as compared to the previous closing price of Rs 229.50 apiece.
Reason for Rise
The shares of the company have seen positive movement after Effwa Infra & Research Ltd bagged a prestigious work order from Afcons Infrastructure Limited for the Supply, Installation, Testing & Commissioning of EMI components of 16.5 MLD WTP for “Upgrading of the Drinking Water Supply System in southern Abidjan, Gueyo, and its surrounding areas” in Ivory Coast. The aggregate value of the order is 42,98,000 USD.
Financial Performance & Revenue Bifurcation
Looking forward to the company’s financial performance, revenue stretched by 100 percent from Rs 33 crore in H1FY24 to Rs 66 crore in H1Y25. During the same period, net profit magnified significantly by 68 percent, from Rs 1 crore to Rs 5 crore.
In FY24, the company’s revenue bifurcation was as follows: Effluent Treatment Plant (14.66%), Effluent Treatment Plant with Recycling (31.05%), Effluent Treatment Plant with Zero Liquid Discharge System (37.40%), and Other Services (1.61%).
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Geographical & Client-wise Revenue Bifurcation
In FY24, the company’s geographical revenue bifurcation was as follows: Andhra Pradesh (3.99%), Gujarat (8.55%), Maharashtra (28.71%), Odisha (13.21%), West Bengal (45.54%), and Special Economic Zone (25.56%).
In FY24, the company’s revenue bifurcation by client type was as follows: Government Institutions (3%), Public Sector Undertakings (43.5%), and Private Sector (53.5%), reflecting a strong reliance on private and public sector clients.
Order Book and Completed Projects
As of March 31, 2024, the company completed over 45 water management infrastructure projects for the public and private sectors. It holds an order book worth ₹390 crore, which is twice its FY24 sales, indicating strong future growth potential.
Company snapshot
Effwa Infra & Research Limited (EIRL) is engaged in engineering, consultancy, procurement, construction, and integrated project management services focused on water pollution control.
They are involved in sewage and industrial effluent treatment, solid waste treatment and disposal, ventilation systems, hazardous waste management, and water treatment plants
Written by Abhishek Singh
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