Enviro Infra Engineers specializes in designing, constructing, operating, and maintaining Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities, including Zero Liquid Discharge (ZLD) compliant facilities. Their projects are funded under Central and State Government schemes like AMRUT, NMCG, and JJM, and they bid for tenders on an EPC or HAM basis. With 28 successful projects over the past seven years and a ₹1,90,628.06 lakh order book as of June 30, 2024, they also partner with other companies for joint project execution. Supported by a skilled in-house team of 180 engineers, they handle all aspects of project design, construction, and maintenance. Focused on sustainable development, they integrate solar power and Compressed Bio Gas (CBG) plants into projects, contributing to renewable energy and reduced carbon footprints, with 7 out of 21 ongoing projects aligned with these initiatives.
Issue size
Funds Raised in the IPO
Amount
Overall
₹650.43 crores
Fresh Issue
₹572.46 crores
Offer for sale
₹77.97 crores
Utilisation of proceeds
Purpose
INR crores (%)
Working Capital Requirements
181 (31.62%)
Infusion of funds in subsidiary for Mathura Sewerage Scheme (60 MLD STP)
30 (5.24%)
Repayment/prepayment of certain outstanding borrowings
120 (20.96%)
General corporate purposes
241.46 (42.18%)
Financials
Financial year ended
March 2022
March 2023
March 2024
June 2024
Total assets
148.27
347.58
761.19
812.87
Revenue
225.62
341.66
738
207.46
Profit After Tax
34.55
54.98
110.54
30.78
Strengths
Proven expertise in designing, building, and maintaining water and wastewater treatment projects focusing on Zero Liquid Discharge compliance.
Strong order book as of June 30, 2024, supported by 28 completed projects, including large-scale capacity plants.
Focus on sustainability initiatives, integrating solar power and bio-gas systems into operations, contributing to environmental goals.
Self-reliance through an in-house team of 180 engineers and construction teams, ensuring high-quality standards and reducing dependency on third parties.
Risks
Dependence on government contracts and schemes exposes the company to risks of project delays, cancellations, or lower-than-expected approvals.
High reliance on debt for operations and expansion may strain financial stability and affect profitability.
Early-stage involvement in bio-gas and renewable energy initiatives presents execution and market adoption risks.
Regulatory changes or non-compliance with environmental and labor laws could adversely impact operations and reputation.