Mukul Agrawal sold 18,00,000 shares & Rs 2,000 crore order book: Infra engineering jumps over 10% with heavy volume!

On Friday, shares of Enviro Infra Engineers Ltd experienced a remarkable surge, jumping over 10 per cent to an intraday high of Rs 306.30 per share from its previous closing of Rs 277.80 per share. The shares of the company saw a spurt in volume by more than 2 times on the BSE. As ace investor, Mukul Agrawal sold 18,00,000 shares or 1.03 per cent stake in the company in Q1FY26.

Enviro Infra Engineers Limited (EIEL) recently secured Rs 306.30 crore worth of new domestic projects for Water & Waste-Water Treatment. These include the EPC and 15-year O&M of 16, 14, and 2 MLD Sewage Treatment Plants (STPs) for the Municipal Corporation, Ambikapur; 15 and 26 MLD STPs for the Municipal Corporation, Rajnandgaon; and a 33 MLD STP for the Municipal Corporation, Korba, all in Chhattisgarh.

Additionally, EIEL has expanded into the Zero Liquid Discharge (ZLD) space through a joint venture with AltoraPro Infrastructure Private Limited, named "Enviro Infra Engineers Limited AIEPL JV." This JV secured a project from the Maharashtra Industrial Development Corporation (MIDC) for Rs 395,50,00,000 + taxes, focused on Panchganga River pollution control by upgrading CETPs with ZLD in Kolhapur district. This project, with a 24-month execution period, is also referred to as a Rs 400 Crore order. In a significant strategic move into renewable energy, EIEL also acquired two solar power projects totalling 69 MW (AC). This includes the acquisition of Vento Power Infra Private Limited for a 40 MW solar project in Odisha for Rs 115.61 crore, which will sell power at Rs 4.10 per unit for approximately 18 years. The other is the acquisition of Soltrix Energy Solution Private Limited for a 29 MW solar project in Maharashtra, supported by Rs 3.20 crore per MW in State Financial Assistance, totalling Rs 92.80 crore, with a tariff of Rs 0.88 per unit for 25 years.

About the Company

Enviro Infra Engineers Ltd is a leading Indian infrastructure company specialising in Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government authorities. They offer comprehensive services from design to operation and maintenance, covering Sewage Treatment Plants (STPs), Sewerage Schemes (SS), Common Effluent Treatment Plants (CETPs), Water Treatment Plants (WTPs), pumping stations, and water supply pipelines. The company has successfully executed 52 projects to date, delivering high-quality, sustainable, and Zero Liquid Discharge (ZLD) compliant solutions. Enviro Infra Engineers Ltd is also committed to sustainable development by integrating "Waste to Energy" initiatives like solar power and Compressed Bio Gas (CBG) plants.

According to Quarterly Results, the net sales increased by 31 per cent to Rs 392.9 crore and net profit increased by 30 per cent to Rs 74.1 crore in Q4FY25 compared to Q4FY24. Looking at its annual results, the net sales increased by 46 per cent to Rs 1,066.1 crore and net profit increased by 66 per cent to Rs 177.1 crore in FY25 compared to FY24. Total Debt was Rs 234.1 crore, and the Debt-to-Equity Ratio significantly improved to 0.24 from 0.80. Return on Capital Employed (ROCE) was a healthy 22.62 per cent. Operationally, the company boasted a strong order book of Rs 1,185.50 crore for execution and Rs 806 crore for operation and maintenance as of March 31, 2025, with an additional Rs 200 crore in new orders for FY26.

The stock is up by 80 per cent from its 52-week low of Rs 170.10 per share. The promoters of the company bought 34,316 shares in June 2025 worth Rs 80 lakh. The company has a market cap of over Rs 5,000 crore. As of March 2025, the order book stands at Rs 1,185.50 crore and including the above orders, its order book crossed the Rs 2,000 crore mark. Listed peers of Enviro Infra Engineers Ltd are EMS Ltd, Ion Exchange (India) Ltd, VA Tech Wabag Ltd and Vishnu Prakash R Punglia Ltd.

Disclaimer: The article is for informational purposes only and not investment advice.