Founded in June 2009, Enviro Infra Engineers specialises in designing, constructing, operating, and maintaining Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government bodies and local authorities.
The company’s expertise spans across Sewage Treatment Plants (STPs), Sewerage Schemes (SS), Common Effluent Treatment Plants (CETPs), and Water Treatment Plants (WTPs). In addition, it develops crucial supporting infrastructure like pumping stations and water pipelines.
Over the past seven years, the company has successfully delivered 28 WWTP and WSSP projects, including 22 projects with a capacity of 10 MLD or more. As of June 2024, Enviro Infra Engineers has a robust order book of 1,906.2 crore, comprising 21 ongoing projects, awarded through competitive tenders by state governments and urban local bodies.
The company has its in-house team of 180 skilled engineers, ensuring seamless execution from design to commissioning. It also collaborates with other infrastructure firms and construction firms via joint ventures, completing five significant projects under such partnerships by June 2024.
Growth Trajectory
Enviro Infra Engineers has witnessed significant financial growth, with revenue from operations growing at a CAGR of over 48% and net profits at 46.5% CAGR between FY22 and FY24. The global water and wastewater treatment market is set to grow at a CAGR of 6.1%, reaching $521 billion by 2033. With increasing water demands and the urgent need for efficient wastewater management in countries like India, the company is well-positioned to capitalise on this opportunity.
IPO Launch
The company is now taking its next big step with its ₹650.43 crore Initial Public Offering (IPO), comprising fresh issues and an offer for sale. Post-IPO, Enviro Infra Engineers’ shares will debut on the NSE and BSE.
Key Details
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Company Name: Enviro Infra Engineers Limited
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Company Established On: June 19, 2009
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Company Type: Private Limited Company
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CEO : Sanjay Jain
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MD : Manish Jain
Financial Highlights (₹ crore)
| Particulars | FY22 | FY23 | FY24 | Q1 FY25 |
|---|---|---|---|---|
| Revenue | 223.5 | 338.1 | 728.9 | 205.1 |
| Net Profit | 34.5 | 55.3 | 108.5 | 29.9 |
Strengths
- Proven Execution Capabilities: Strong track record in timely delivery with high-quality engineering and construction.
- Diverse Order Book: ₹1,906.28 crore in ongoing projects across multiple states, as of June 30, 2024.
- Technological Expertise: Utilises advanced technologies to improve efficiency and reduce costs.
- Geographical Expansion: Presence in key states, including Gujarat, Rajasthan, Punjab, and Uttar Pradesh.
- Experienced Leadership: Promoters and senior management with over two decades of industry experience.
- Consistent Financial Growth: Impressive growth between FY22 and FY24 with a CAGR rise of over 48% in its revenue from operations and 46.5% in its net profit.
Risks
- Working Capital Intensive: Insufficient cash flows can disrupt operations.
- Third-Party Dependence: Relies on external firms for execution, posing risks of delays.
- Cost Fluctuations: Rising labor and material costs can affect business and revenue.
- JV Risks: Dependence on joint venture partners introduces financial and performance vulnerabilities.
- Implementation Challenges: Variations in project costs can strain financial resources.
- Debt Obligations: Failure to repay debt obligations can harm its credit rating and business.
You can now apply for the Enviro Infra Engineers IPO on Upstox. Click here.