Enviro Infra Engineers Limited — Investor Meet, 04-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Enviro Infra Engineers reported Q4 FY26 revenue of 427.3 Cr (+8.8% YoY), EBITDA 79.9 Cr (18.7% margin), and PAT 54.3 Cr (12.4% margin). Full-year FY26 revenue was 1,145.6 Cr (+7.5% YoY), EBITDA 276.8 Cr (24.2% margin), and PAT 188.4 Cr (15.9% margin). Q4 margins saw pressure from project mix and higher operational costs.

The total order book stands robust at over 6,814 Cr, providing 24 months of revenue visibility, split across water/wastewater (execution & O&M) and renewable energy (execution & O&M/IPP). Key wins include 348 Cr (BUIDCO), 824 Cr (Pune/Nashik sanitation), and 1,070 Cr (NTPC BESS projects). Strategic acquisitions like Suyog Urja (wind EPC) strengthen the renewable portfolio. FY26 revenue guidance was missed due to extended bid evaluations and projects remaining in the design phase, not execution delays.

For FY27, management projects a top line of 2,000 Cr, PAT of 270-280 Cr, and EBITDA margins of 21-22%, adjusted for global commodity price impacts. Working capital is stretched to 166 days but is expected to normalize to ~90 days as government funds release. FY27 order inflow is anticipated at 2,500 Cr. The company is confident in its disciplined execution and strategic diversification into renewables to drive long-term value.