Subscribe for Enviro Infra Engineers Ltd IPO; KR Choksey

KR Choksey, has come out with its report on Enviro Infra Engineers Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on November 21 2024.

Broker Research

November 21, 2024 / 14:40 IST

IPO

KR Choksey, Enviro Infra Engineers Ltd

Enviro Infra Engineers Limited (EIEL) is a leading engineering company specializing in the design, construction and maintenance of water and wastewater treatment solutions. Established in 2009 and headquartered in Delhi, the company has carved a niche in addressing critical environmental challenges through its expertise in providing end-to-end solutions for municipal and industrial clients. With a strong emphasis on sustainability and cutting-edge technology, EIEL offers a diverse range of services, including sewage and effluent treatment plants, recycling and reuse systems and zeroliquid discharge (ZLD) solutions. The company’s operations span across India, leveraging its advanced capabilities to deliver projects that meet stringent regulatory and environmental standards, while ensuring long-term operational efficiency and resource conservation.

Valuation and Outlook

The company is valued at an EV/EBITDA of ~16x and a P/E of ~24x and offers an attractive valuation compared to its peers. Considering its robust project pipeline, consistent financial performance and margin-enhancing O&M contracts, we assign a “SUBSCRIBE” rating.

For all IPO report, click here