Effwa Infra & Research Ltd
₹ 322
1.43%
09 Nov
- close price
About
Incorporated in 2014, Effwa Infra & Research Ltd is in the business of engineering, consultancy, procurement, construction, and integrated project management services in Environmental Pollution Control across industries[1]
Key Points
- Market Cap ₹ 745 Cr.
- Current Price ₹ 322
- High / Low ₹ 400 / 165
- Stock P/E 22.2
- Book Value ₹ 59.9
- Dividend Yield 0.31 %
- ROCE 29.3 %
- ROE 26.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 66.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.5%
Cons
- Company might be capitalizing the interest cost
- Company has high debtors of 185 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 55 | 104 | 115 | 145 | 185 | 253 | 294 | |
| Sales growth | +91% | +10% | +26% | +28% | +37% | +37% | |
| 50 | 98 | 106 | 125 | 155 | 211 | 246 | |
| Operating Profit | 4 | 7 | 9 | 20 | 30 | 42 | 48 |
| OPM % | 8% | 6% | 8% | 14% | 16% | 17% | 16% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 2 | 2 | 3 | 4 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 6 | 7 | 19 | 27 | 38 | 45 |
| Tax % | 27% | 26% | 27% | 25% | 26% | 25% | |
| 2 | 4 | 5 | 14 | 20 | 29 | 34 | |
| EPS in Rs | 1.27 | 2.51 | 2.91 | 7.80 | 8.69 | 12.36 | 14.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 30% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 66% |
| 3 Years: | 77% |
| TTM: | 32% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 33% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 30% |
| Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 18 | 23 | 23 | 23 |
| Reserves | 12 | 16 | 21 | 19 | 72 | 100 | 115 |
| 9 | 10 | 16 | 14 | 30 | 38 | 70 | |
| 10 | 18 | 25 | 29 | 25 | 37 | 13 | |
| Total Liabilities | 33 | 46 | 65 | 80 | 150 | 198 | 221 |
| 0 | 0 | 0 | 1 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 20 | 23 |
| Investments | 2 | 3 | 4 | 0 | 0 | 0 | 0 |
| 31 | 44 | 60 | 79 | 149 | 178 | 197 | |
| Total Assets | 33 | 46 | 65 | 80 | 150 | 198 | 221 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1 | 4 | -5 | 5 | -31 | 29 | |
| -2 | -1 | -2 | -1 | -0 | -20 | |
| -0 | 1 | 4 | -4 | 39 | 5 | |
| Net Cash Flow | -2 | 3 | -3 | 0 | 8 | 14 |
| Free Cash Flow | 0 | 3 | -5 | 5 | -31 | 9 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 18% | 70% | -36% | 34% | -80% | 93% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 186 | 109 | 164 | 168 | 232 | 185 |
| Inventory Days | 5 | 1 | ||||
| Days Payable | 45 | 52 | ||||
| Cash Conversion Cycle | 186 | 109 | 164 | 168 | 192 | 134 |
| Working Capital Days | 85 | 44 | 63 | 81 | 141 | 106 |
| ROCE % | 27% | 26% | 44% | 34% | 29% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| O&M Revenue Share % |
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| ZLD Revenue Share % |
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| Export Revenue Share % |
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| PSU Revenue Share % |
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| Order Book INR Crore |
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| Order Pipeline INR Crore |
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Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
- Audio recording of H1 FY27 earnings conference call uploaded on 3 November 2026.
-
Copy of Newspaper Publication
- Newspaper publication of unaudited financial results for half year ended September 30, 2026.
-
Investor Presentation
- Effwa Infra released H1 FY27 investor presentation on 2 November 2026.
-
Investor Presentation
- Effwa Infra & Research Limited has informed about Investor Presentation
-
General Updates
- Board approved unaudited standalone results for half year ended September 30, 2026.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
Concalls
-
Nov 2026PPT REC
-
May 2026Transcript PPT REC
-
Nov 2025Transcript PPT REC
-
May 2025Transcript PPT REC
-
Oct 2024PPT
Business Overview:[1][2]
EIRL specializes in turnkey solutions for PSUs, covering effluent & sewage treatment, recycling, solid waste management, incineration, bioremediation, and water body restoration. The company focuses on Zero Liquid Discharge (ZLD) systems and is ISO 9001:2015 certified. It provides end-to-end project solutions, from design and construction to commissioning and maintenance, handling projects from 3 MLD to 135 MLD across domestic and international markets.