Effwa Infra & Research Ltd
₹ 215
6.32%
28 Jan
- 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 ₹ 499 Cr.
- Current Price ₹ 215
- High / Low ₹ 270 / 148
- Stock P/E 19.6
- Book Value ₹ 45.4
- Dividend Yield 0.00 %
- ROCE 33.9 %
- ROE 30.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.3%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 232 days.
- Working capital days have increased from 95.0 days to 141 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.
Peer comparison
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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 | TTM | |
|---|---|---|---|---|---|---|
| 55 | 104 | 115 | 145 | 185 | 214 | |
| 50 | 98 | 106 | 125 | 155 | 176 | |
| Operating Profit | 4 | 7 | 9 | 20 | 30 | 38 |
| OPM % | 8% | 6% | 8% | 14% | 16% | 18% |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 2 | 2 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 6 | 7 | 19 | 27 | 34 |
| Tax % | 27% | 26% | 27% | 25% | 26% | |
| 2 | 4 | 5 | 14 | 20 | 25 | |
| EPS in Rs | 96.30 | 189.60 | 220.55 | 7.80 | 8.69 | 11.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 66% |
| TTM: | 47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| Last Year: | 30% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 18 | 23 | 23 |
| Reserves | 12 | 16 | 21 | 19 | 72 | 82 |
| 9 | 10 | 16 | 14 | 30 | 14 | |
| 10 | 18 | 25 | 29 | 25 | 21 | |
| Total Liabilities | 33 | 46 | 65 | 80 | 150 | 140 |
| 0 | 0 | 0 | 1 | 1 | 2 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 3 | 4 | 0 | 0 | 0 |
| 31 | 44 | 60 | 79 | 149 | 138 | |
| Total Assets | 33 | 46 | 65 | 80 | 150 | 140 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 1 | 4 | -5 | 5 | -31 | |
| -2 | -1 | -2 | -1 | -0 | |
| -0 | 1 | 4 | -4 | 39 | |
| Net Cash Flow | -2 | 3 | -3 | 0 | 8 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 186 | 109 | 164 | 168 | 232 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 186 | 109 | 164 | 168 | 232 |
| Working Capital Days | 85 | 44 | 63 | 81 | 141 |
| ROCE % | 27% | 26% | 44% | 34% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
21 January 2026 - Analyst/investor meeting scheduled January 30, 2026; no UPSI to be shared.,
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Structural Digital Database
21 January 2026 - SDD compliance certificate for quarter ended Dec 31, 2025; prior Sep 30 delayed entries being backfilled.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
12 January 2026 - EFFWA: corporate governance report not applicable for quarter ended Dec 31, 2025 due to SME listing.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
12 January 2026 - RTA certificate (Jan 12, 2026): Reg 74(5) not applicable for quarter ended Dec 31, 2025.
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Credit Rating- New
10 January 2026 - Crisil assigned Long-term BBB/Stable and Short-term A3+ to Rs.230 crore facilities on Jan 9–10, 2026.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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May 2025Transcript PPT
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Oct 2024TranscriptAI SummaryPPT
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May 2005TranscriptAI SummaryPPTREC
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.