Rs 1,957.60 Crore Order Book: Wastewater Infra Engineering Stock Rockets 17 After Reporting 200 Per Cent Jump In Net Profit
The company has a market cap of Rs 6,100 crore and the order book as of September 2024 stands at Rs 1,957.60 crore.
On Thursday, shares of Enviro Infra Engineers Ltd experienced a remarkable surge, skyrocketing 17 per cent to Rs 369.70 per share from its intraday low of Rs 316 per cent.
Enviro Infra Engineers Ltd is a prominent player in the water and wastewater treatment sector. The company specializes in designing, constructing, operating, and maintaining Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs). Their WWTP projects encompass Sewage Treatment Plants (STPs), sewage schemes (SS), and Common Effluent Treatment Plants (CETPs). On the other hand, their WSSP projects involve Water Treatment Plants (WTPs), pumping stations, and pipeline networks for efficient water supply.
Enviro Infra's commitment to environmental sustainability is evident in their implementation of Zero Liquid Discharge (ZLD) compliant treatment processes at most of their STPs and CETPs. This innovative approach ensures that treated water can be reused for various purposes, including horticulture, washing, refrigeration, and industrial processes. The company actively participates in government-funded initiatives such as the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and the National Mission for Clean Ganga (NMCG) to contribute to the development of sustainable water infrastructure in urban areas.
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According to Quarterly Results, the net sales increased by 78 per cent to Rs 213.02 crore and net profit increased by 200 per cent to Rs 36.37 crore in Q2FY25 compared to Q2FY24. Looking at its half-yearly results, the net sales increased by 50 per cent to Rs 418.20 crore and net profit increased by 107 per cent to Rs 66.34 crore in H1FY25 compared to H1FY24.
The company has a market cap of Rs 6,100 crore and the order book as of September 2024 stands at Rs 1,957.60 crore. In FY24, the company reported net sales of Rs 728.20 crore, profit before tax of Rs 147 crore and net profit of Rs 106.46 crore. Listed peers of Enviro Infra Engineers Ltd are EMS Ltd, Ion Exchange (India) Ltd, VA Tech Wabag Ltd and Vishnu Prakash R Punglia Ltd. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.