Enviro Infra Engineers Limited — Investor Meet, 03-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Enviro Infra Engineers reported Q4 revenue up 31% YoY to INR 393 Cr, with EBITDA rising 16% to INR 100 Cr and margin at 25%. FY25 revenue grew 46% to INR 1,066 Cr; EBITDA increased 61% to INR 268 Cr with margin steady at 25%. PAT jumped 66% to INR 177 Cr with a 16% margin. Order book stands at INR 1,185 Cr plus INR 806 Cr in O&M. Management targets 35%-40% annual revenue growth and 22%-24% EBITDA margin. EIE Renewables, a new subsidiary, focuses on solar, hydro, green hydrogen, and EPC projects, aiming for 18%-20% EBITDA margins. Capex from IPO funds is capped at INR 75 Cr. Execution cycle is 18-24 months; bid pipeline at INR 5,000 Cr with expected order inflows of INR 1,000-1,250 Cr. Trade receivables normalized to ~45 days; cash flow pre-tax positive at INR 26 Cr. Management is cautiously optimistic on growth, margin sustainability, and renewable expansion alongside a healthy debt-equity ratio (~0.24).