Rs 2,100 Crore Robust Order Book: Wastewater Infra Engineering Stock Jumps 18.53 Per Cent On December 03

At the closing bell, shares of the company were trading at Rs 257.90 per share, up 15.83 per cent with 22.96 lakh shares changed hands on BSE.

On Tuesday, a positive sentiment prevailed in the Indian stock market, with both the BSE Sensex and NSE Nifty-50 indices closing the day with significant gains of 0.75 per cent and 0.75 per cent, respectively. Amidst this market uptrend, shares of Enviro Infra Engineers Ltd experienced a remarkable surge, skyrocketing 18.53 per cent to an intraday high of Rs 263.90 per share from its previous closing of Rs 222.65 per cent. At the closing bell, shares of the company were trading at Rs 257.90 per share, up 15.83 per cent with 22.96 lakh shares changed hands on BSE.

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.

The company has a market cap of Rs 4,527 crore and the order book including the order bagged in July 2024, stands at Rs 2,100 crore. In FY24, the company reported net sales of Rs 729 crore, operating profit of Rs 166 crore and net profit of Rs 106 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.