Enviro Infra Engineers Ltd (EIEL) is an Indian infrastructure engineering firm with operations in the water and wastewater management market which is a market that is gradually gaining immense importance owing to urbanization, industrialization and the imposition of stricter environmental practices. Enviro Infra Engineers has become a high-growth microcap-smallcap infrastructure investment in recent years with good growth of revenue and profit with high ratio of returns. Although the stock has reached a point of correction since it was overvalued, the company still has the limelight because of its execution potentials, high ROCE/ROE, and exposure to long-term water infrastructure expenditure in India. This article will provide complete information about Enviro Infra Engineers Ltd (EIEL) :- Share Price, Target Price( 2026- 2030), NSE & BSE Performance and More
EIEL Ltd Company Overview
Enviro Infra Engineers Ltd was founded in the year 2009 with a vision that focused on offering end-to-end solutions in the development of water and waste water infrastructure projects. The company collaborates with state governments, local cities and municipalities, and performs projects within the frames of EPC (Engineering, Procurement, and Construction) models and HAM/O&M-related ones. Contrarily to asset-heavy utilities, Enviro Infra Engineers has a project-oriented model of execution, which can enable it to expand without over-bloating the fixed assets. This has assisted the firm to enjoy good profitability and capital efficiency.
| Particular | Details |
| Company Name | Enviro Infra Engineers Ltd |
| Year Established | 2009 |
| Sector | Utilities / Infrastructure |
| Industry | Water & Wastewater Management |
| Core Services | WWTPs, WSSPs, O&M |
| Key Clients | Government & Municipal Bodies |
| Listings | NSE & BSE |
| Market Capitalisation | ~₹3,020 crore |
Enviro Infra Engineers Ltd (EIEL) Share Price Overview
Enviro Infra Engineers Ltd (EIEL), a BSE and NSE listed company, is trading at the range of 168 to 172 per share in early February 2026. It is a company with a market capitalization of approximately 3,000 crore. The price has been volatile, with a high of 52 weeks 306 and a low of 163. The last few sessions have recorded mixed trading interest as the stock started trading at around 172 and the volume of about 2.39 lakh shares in BSE.
| Metric | Details |
| Current Price | ₹168–₹172 |
| Market Cap | ~₹3,000 Cr |
| 52-Week High | ₹306 |
| 52-Week Low | ₹163 |
| Recent Volume (BSE) | ~2.39 lakh shares |
EIEL Share Price Target
The forecast of the price target of EIEL in short-term analyst is around ₹346. This perception is backed by a robust order book, consistent rising revenues and water infrastructure demands. The management has been steered towards 35-40 percentage revenue growth yet there is still a risk of lagging in carrying out government projects. The low valuation multiple that it has presents an opportunity to rise as long as the growth goes as expected.
| Factor | Status |
| Target Range | ~₹346 |
| Revenue Growth Guidance | 35–40% |
| Valuation | Below sector average |
| Key Risk | Project delays |
EIEL Share Price Target 2030 (Long Term)
There are different projections on long term. Positive forecasts of the stock predict between ₹1,157 and ₹1,342 by 2030 with an excellent profit CAGR, and long-term infrastructure investments. Conservative opinion anticipates ₹500- 600 including the risk on executing the projects and the cyclical governmental funds. These forecasts are speculative and they largely rely on policy backing and quality performance of orders.
| Scenario | Price Range |
| Conservative | ₹500–₹600 |
| Aggressive | ₹1,157–₹1,342 |
| Key Drivers | Govt spending, execution |
| Nature | Speculative |
EIEL Share News & Recent Updates
The latest figures indicate that Q2 FY26 net sales have grown 6.73% YoY to 227 crore and net profit has grown 3644% over the last few quarters. Shareholders passed ESOP 2025 and the election of a new director in January 2026. Order book is 2051 crore with fresh orders amounting to 1178 crore. There are still issues in terms of delay in fund disbursement but margins have been on the better side.
| Item | Details |
| Q2 FY26 Revenue | ₹227 Cr |
| Profit Growth | 36–44% |
| Order Book | ₹2,051 Cr |
| Fresh Orders | ₹1,178 Cr |
| Key Risk | Govt fund delays |
EIEL IPO Summary
The IPO of EIEL launched in November 2024 with the price band of between 140 and 148, and the issue value of 650 Crores. The shares were listed on the 29th of November 2024 and the lot size was 101 shares. Following the listing, the stock price soared and hit highs of approximately 392 before correcting down to the present state.
| IPO Parameter | Value |
| IPO Price Band | ₹140–₹148 |
| Issue Size | ₹650 Cr |
| Listing Date | 29 Nov 2024 |
| Lot Size | 101 shares |
| Post-Listing High | ~₹392 |
Enviro Infra Share Price – BSE
In BSE (code 544290), EIEL is trading at ₹168 -172 as of February 2, 2026. The spread of the day was 166.51-172.75 with the buy-sell interest evenly distributed around 168. Its share is trading at about 45 percent below its 52-week high. It has a TTM EPS of 11.43 and P/B of 2.59, which is not so high compared to the market sector (P/E of 19).
| Metric | Value |
| BSE Code | 544290 |
| Price Range | ₹168–₹172 |
| Day’s Range | ₹166.51–₹172.75 |
| TTM EPS | ₹11.43 |
| P/B Ratio | 2.59 |
EIEL Share Price Forecast (2026–2030)
It can be predicted to grow slowly within five years, provided that there is a high execution of orders, and sector tailwinds. Nonetheless, estimates are prone to wide estimates as conditions in the market and the risk of policy.
| Year | Low Target (₹) | High Target (₹) |
| 2026 | 300 | 380 |
| 2027 | 350 | 450 |
| 2028 | 400 | 1,016 |
| 2029 | 450 | 1,152 |
| 2030 | 500 | 1,342 |
EIEL Share Price Quarterly Financial Performance
Enviro Infra Engineers has also exhibited continuous growth at quarterly rates, and operating margins have grown over the years. The quarterly turnover has been affected by the execution time line of the project, but profitability has been good. Its operating margins are usually 22-29, which is large in terms of a business with an infrastructure affiliation. This is an indication of disciplined conscious project choice and cost management.
| Quarter | Revenue (₹ Cr) | Operating Profit (₹ Cr) | Net Profit (₹ Cr) | OPM |
| Sep 2023 | 120 | 22 | 12 | 19% |
| Mar 2024 | 300 | 86 | 57 | 29% |
| Sep 2024 | 213 | 56 | 36 | 26% |
| Mar 2025 | 393 | 99 | 74 | 25% |
| Sep 2025 | 227 | 65 | 50 | 29% |
EIEL share Share Price Annual Financial Performance
Enviro Infra Engineers has performed remarkably on compounding particularly on profits on long-term basis. The growth in revenue is about 58 per cent CAGR in the past five years and the increase in profits is about 102 per cent CAGR. This is highly uncommon in the utilities and infrastructure sector, which underscores the ability of the company to execute its business and be scaled.
| Year | Revenue (₹ Cr) | Operating Profit (₹ Cr) | Net Profit (₹ Cr) |
| FY20 | 108 | 10 | 5 |
| FY21 | 124 | 15 | 9 |
| FY22 | 224 | 50 | 35 |
| FY23 | 338 | 82 | 55 |
| FY24 | 729 | 166 | 106 |
| FY25 | 1,066 | 268 | 177 |
| TTM | 1,109 | 283 | 203 |
EIEL share Ltd Balance Sheet Analysis
Enviro Infra Engineers has increased its balance sheet remarkably to facilitate growth. The equity capital went up on listing and the reserves have gone up drastically courtesy of retained earnings. Earnings have also improved but with good ROCE, borrowings have also increased but are manageable.
| Item (₹ Cr) | FY23 | FY24 | FY25 | Sep 2025 |
| Equity Capital | 26 | 137 | 176 | 176 |
| Reserves | 101 | 155 | 819 | 963 |
| Borrowings | 65 | 234 | 234 | 295 |
| Total Assets | 348 | 761 | 1,498 | 1,575 |
EIEL Ltd Cash Flow Analysis
The cash flows have been fluctuating as is common in EPC-type businesses. Though the profits are good, operating cash flows have become negative during certain years owing to the absorption of the working capital. Financing cash flows however have helped in the expansion and the company has maintained good working capital cycles in the past.
| Year | Operating CF | Investing CF | Financing CF |
| FY22 | 42 | -26 | -16 |
| FY23 | 101 | -141 | 42 |
| FY24 | -102 | -106 | 207 |
| FY25 | -47 | -263 | 471 |
EIEL share Key Financial Ratios
The company is also characterized by very high return ratios that are rated as some of the highest in the water infrastructure market.
| Ratio | Value |
| ROCE | 31.7% |
| ROE | 27.4% |
| 3-Year ROE | ~35.7% |
| Working Capital Days | 89 |
| Interest Coverage | Comfortable |
EIEL Ltd Shareholding Pattern and Governance
Promoter holding is steady at approximately 70 which shows a high level of promoter confidence. No sign of over dilution and promoter exits. The institutional participation is still low and there is a possibility of re-rating in case the company keeps on scaling.
| Category | Holding (%) |
| Promoters | 70.13% |
| FIIs | 0.40% |
| DIIs | 1.03% |
| Public | 28.44% |
| Shareholders | ~2.27 lakh |
Enviro Infra Engineers Share Peer Comparison
Enviro Infra Engineers is attractive relative to its peers in that the company trades at a low valuation multiple and happens to have a high ROCE.
| Company | P/E | ROCE |
| VA Tech Wabag | ~21 | ~19.7% |
| Ion Exchange | ~26 | ~22.3% |
| Enviro Infra Engineers | ~14.6 | ~31.7% |
| Denta Water | ~10 | ~25.2% |
Risks and Concerns
Although Enviro Infra Engineers Ltd (EIEL) is performing well financially and is projected to grow, there are few major risks and issues that the company has to deal with. The firm relies on government and public sector projects particularly in the water and wastewater infrastructure highly which makes it susceptible to risks like change in policy, delays in tenders and late payments of funds.
Any payment delays may affect the cash flows as well as widen the working capital requirements as seen in the working capital days. Another issue is the execution risk, where big EPC projects are prone to cost overruns, land acquisition problems, and regulatory permits, which may impact on margins and schedules. The business is also order-book dependent meaning that reduced rate of order inflows may directly affect revenue visibility. Also, after the IPO volatility indicates that the stock is vulnerable to market mood and profit taker due to its comparatively brief history on the list.
Conclusion
The company, Enviro Infra Engineers Ltd has become a rapidly developing and implementation-oriented company in the water and wastewater infrastructure sector in India. The company has high structural tailwinds which are due to urbanization, environmental laws and government spending on water and sanitation projects which remain sustainable. It has a high profitability, a high ROCE and ROE and high earnings growth rate that make it stand out among most of its competitors in the utilities industry. In general, the Enviro Infra Engineers is a high-growth and execution-sensitive infrastructure opportunity that most effectively fits with investors who are willing to accept project risk as well as cyclic cash flows.
FAQs
The Enviro Infra Engineers will design, build, operate and maintain water supply systems and wastewater treatment facilities that are mostly government and public sector clients.
The company is involved in the utilities and infrastructure sector with particular attention paid to water and wastewater management.
Increased government expenditure in water infrastructure and effective implementation of projects made the company record high growth in its revenues and profits over the last several years.
No, the company is not paying any dividends now, as it reinvests its earnings in order to achieve growth and project implementation.
Some of the main risks are reliance on government contracts, growing working capital requirements, possible delays in executing the project, and cyclical infrastructure capital expenditure.
