Enviro Infra Engineers IPO Review

Enviro Infra Engineers Limited (EIEL) is is a prominent player in the design, construction, operation, and maintenance of Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities and bodies. With a commitment to environmental sustainability and resource optimization, EIEL is dedicated to delivering high-quality infrastructure solutions to urban and rural areas.

The Chairman, Whole Time Director and one of the Promoters, Mr. Sanjay Jain has over 15 years of experience in the Water and Waste Water Industry . Mr. Manish Jain, one of the Promoters and Managing Director, has over 15 years of experience in the Water and Waste Water Industry. 

Financially, Revenue in Fiscal 2024, Fiscal 2023 and Fiscal 2022 was  ₹ 73,800.46 Lakhs, ₹ 34,166.24 Lakhs and ₹ 22,562 Lakhs  respectively. The EBITDA for the Fiscal 2024, Fiscal 2023 and Fiscal 2022 were ₹ 17,841.20 Lakhs, ₹ 8,524.78 Lakhs and ₹ 5,212.11 Lakhs  respectively. The Profit after Tax for the Fiscal 2024, Fiscal 2023 and Fiscal 2022 were ₹ 10,856.95 Lakhs, ₹ 5,533.89 Lakhs and ₹ 3,454.86 Lakhs respectively. This indicates steady growth in financial performance.

For the Enviro Infra Engineers IPO, the company is issuing shares at a pre-issue EPS of ₹8.13 and a post-issue EPS of ₹6.30. The pre-issue P/E ratio is 18.20x, while the post-issue P/E ratio is 23.50x against Industry P/E ratio is 30x. The company's ROCE for FY24 is 32.34% and RoE for FY24 is 51.68%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Enviro Infra Engineers showing potential listing gains of 30%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the Enviro Infra Engineers Limited IPO for Listing gain or long term investment purposes.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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