Rs 2,425 Crore Order Book: Infra Engineering Stock Jumps Over 5 Per Cent After Bagging Projects Worth Rs 76.96 Crore
The shares of the company saw a spurt in volume by more than 1.40 times.
On Monday, shares of Enviro Infra Engineers Ltd experienced a remarkable surge, gaining 5.41 per cent to Rs 206.65 per share from its previous closing of Rs 196.05 per cent. The shares of the company saw a spurt in volume by more than 1.40 times.
Enviro Infra Engineers Limited (NSE: EIEL, BSE: 544290) a prominent EPC Player in Water & Waste-Water Treatment across PAN India, has secured new projects awards worth Rs 76.96 crore in domestic market, for the EPC of a 77 MLD STP & Operation & Maintenance (O&M) of a 21 MLD CETP.
About Enviro Infra Engineers Limited (EIEL)
EIEL is a leading EPC company with over 15 years of experience in Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities. Their in-house design, engineering, and construction teams, including 211 engineers, ensure self-reliance and quality. Services cover design, procurement, execution, project management, commissioning, and often post-commissioning operations and maintenance. They also have their civil construction team.
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According to Quarterly Results, the net sales increased by 65 per cent to Rs 247.45 crore and net profit increased by 111 per cent to Rs 36.72 crore in Q3FY25 compared to Q3FY24. Looking at its nine-month results, the net sales increased by 55 per cent to Rs 665.65 crore and net profit increased by 108 per cent to Rs 103.06 crore in 9MFY25 compared to 9MFY24.
The company has a market cap of over Rs 3,600 crore. As of December 2024, the order book stands at Rs 2,425 crore, comprising Rs 1,687 crore orders and Rs 738 crore in O&M contracts along with Rs 2,164 crore of new projects that we have bid for, ensuring sustained growth and long-term stability. In FY24, the company reported net sales of Rs 728.20 crore, profit before tax of Rs 147 crore and net profit of Rs 106.46 crore. Listed peers of Enviro Infra Engineers Ltd are EMS Ltd, Ion Exchange (India) Ltd, VA Tech Wabag Ltd and Vishnu Prakash R Punglia Ltd.
Disclaimer: The article is for informational purposes only and not investment advice.