Effwa Infra & Research Ltd
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]
- Market Cap ₹ 525 Cr.
- Current Price ₹ 227
- High / Low ₹ 389 / 148
- Stock P/E 26.1
- Book Value ₹ 41.0
- Dividend Yield 0.00 %
- ROCE 33.9 %
- ROE 30.5 %
- 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 136 days to 193 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
Sector: Infrastructure Developers & Operators Industry: Construction
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 55 | 104 | 115 | 145 | 185 | |
| 50 | 98 | 106 | 125 | 155 | |
| Operating Profit | 4 | 7 | 9 | 21 | 30 |
| OPM % | 8% | 6% | 8% | 14% | 16% |
| 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 2 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 6 | 7 | 19 | 27 |
| Tax % | 27% | 26% | 27% | 27% | 26% |
| 2 | 4 | 5 | 14 | 20 | |
| EPS in Rs | 96.30 | 189.60 | 220.55 | 7.74 | 8.69 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 66% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| 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 | |
|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 18 | 23 |
| Reserves | 12 | 16 | 21 | 19 | 72 |
| 9 | 10 | 16 | 14 | 30 | |
| 10 | 18 | 25 | 32 | 25 | |
| Total Liabilities | 33 | 46 | 65 | 83 | 150 |
| 0 | 0 | 0 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 3 | 4 | 5 | 0 |
| 31 | 44 | 60 | 77 | 149 | |
| Total Assets | 33 | 46 | 65 | 83 | 150 |
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 | 134 | 75 | 106 | 110 | 193 |
| ROCE % | 27% | 26% | 46% | 34% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
14 May 2025 - Effwa Infra reports 27.5% revenue growth, 44.6% PAT growth in FY25; highlights ZLD tech and strong order pipeline.
-
Copy of Newspaper Publication
10 May 2025 - Audited financial results for FY and H1 ended March 31, 2025 published in newspapers.
-
Analysts/Institutional Investor Meet/Con. Call Updates
10 May 2025 - Audio recording of May 9, 2025 earnings call now available on company website.
-
Updates
8 May 2025 - Effwa reports FY25 revenue ₹18512L (+27.5%), EBITDA ₹3002L (+47%), PAT ₹2011L (+44.6%), strong order book ₹350Cr.
-
General Updates
8 May 2025 - FY25 revenue ₹18512L, EBITDA ₹3002L (+47%), PAT ₹2011L (+45%), strong order book ₹350Cr, export growth.
Annual reports
No data available.
Concalls
-
May 2025Transcript PPT
-
Oct 2024TranscriptNotesPPT
-
May 2005TranscriptNotesPPTREC
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.