Effwa Infra & Research Limited, established in 2014, specialises in providing comprehensive engineering, consulting, procurement, construction, and integrated project management services in water pollution control. The company’s expertise spans wastewater and industrial effluent treatment, solid waste management, aeration systems, hazardous waste handling, and water treatment plants.
Effwa Infra offers project organisation, management, procurement, financing, and implementation services as a consultant and expert, focusing on environmentally friendly waste processing practices. Their capabilities include managing Effluent Treatment Plants (ETP), Sewage Treatment and Remediation (STP), Water Treatment and Distribution (WTP), and Hazardous Waste Management.
The company’s infrastructure projects involve designing, constructing, and procuring raw materials, installing wells and pump houses, laying pipelines, and executing electro-mechanical works, ensuring comprehensive project management from inception to commissioning. Effwa Infra operates across several states in India, including Andhra Pradesh, Chhattisgarh, Gujarat, Maharashtra, Odisha, West Bengal, Madhya Pradesh, and Rajasthan, as well as in Special Economic Zones like Adani Ports and in international markets.
As of March 31, 2024, Effwa Infra has completed over 45 water management projects for public sector undertakings, municipal corporations, states, and private companies. The company employs over 118 professionals, including 12 engineers specialising in wastewater treatment systems and 76 engineers in civil, mechanical, electrical engineering, instrumentation, automation, piping, safety, and quality control.
Industry Outlook:
- India's water and wastewater treatment market is projected to reach $2.08 billion by 2025, growing at a CAGR of 9.7% from $1.31 billion in 2020.
- The Indian construction market, valued at USD 639 billion, is expected to grow at a CAGR of over 6% during the forecast period.
Effwa Infra and Research Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding working capital requirements of the company;
- Funding of capital expenditure requirements of the company towards the purchase of new office Equipment;
- General corporate purposes.
Peer Details
The following are the listed industry peers of Effwa Infra and Research Limited:
- VA Tech Wabag Limited
- EMS Limited
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Contact Details of Effwa Infra and Research Limited IPO
- Registered office: G. No. 7, Vardhman Industrial Complex, Lal Bahadur Shastri Marg, Gokul Nagar, Thane West, Thane – 400601, Maharashtra, India
- Phone: + 91 9833850052
- E-mail: investor@effwa.co.in
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Total Revenue (in ₹ lakh) | 14,551.46 | 11,541.36 |
| Profit After Tax (PAT) (in ₹ lakh) | 1,380.06 | 513.04 |
| Cash & Cash Equivalents (in ₹ lakh) | 83.95 | 304.52 |
| Net Worth (in ₹ lakh) | 3,715.05 | 2,355.89 |
| Debt Equity Ratio (x) | 0.38 | 0.69 |
| Return on Equity (%) | 45.46% | 24.44% |
| Return on Capital Employed (RoCE) (%) | 40.99% | 22.89% |
| Diluted Earning Per Share (EPS)-in absolute ₹ | 7.74 | 2.88 |
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Strengths
7Established track record for timely execution of EPC projects.
Order book value of ₹ 52,624.62 lakhs as of May 2024.
Comprehensive water solutions provider with lifecycle services.
In-house design and engineering expertise for complex projects.
Lower investments due to an efficient outsourcing model since 2012.
Experienced promoters with 20+ years in the water treatment industry.
Advanced technologies for cost-effective, high-quality environmental solutions.
Risks
7Project delays and time overruns could adversely affect operations.
Majority of revenue comes from a limited number of clients.
Relies on various third parties, including contractors and service providers.
Faces certain outstanding litigation impacting business stability.
