Enviro Infra Share Price Target
The company has witnessed a significant surge in investor interest in Enviro Infra share price target after the recent launch of its IPO by Enviro Infra Engineers Limited. It is a water and wastewater management company that focuses on sustainable infrastructure projects, supported by a strong financial track record and diversified project portfolio. Here’s a closer look at its share price target and market outlook.
Enviro Infra Engineers IPO Summary
Price Band: ₹ 140–₹ 148 per share.
Issue Size: ₹ 650 crores in both fresh issues and the offer for sale.
GMP: ₹ 39 or so, which reflects that the market demand is extremely strong.
Market Cap after IPO: Approximately ₹2,597 crore.
Target Price by the end of 2024 for the Enviro Infra share price
As of the date of updating, analysts are of the view that Enviro Infra may see a rise of ₹180 to ₹210 by the end of the year 2024 due to: Smooth listing of IPO on Nov 29, 2024 at NSE and BSE.
Increasing Order Book: It now stands at ₹1,906 crores from Gujarat, Karnataka, and Uttar Pradesh.
Beneficial government policies: Projects such as Smart Cities and wastewater management projects have huge growth opportunities​.
Share Price Target Projections
| Year | Target Price (₹) | Key Growth Drivers |
| 2024 | 180-210 | IPO momentum, expanding order book |
| 2025 | 220-260 | Increased municipal projects, debt reduction |
| 2026 | 270-310 | Revenue from new contracts, tech advancements |
| 2027 | 300-350 | Improved operational efficiency |
| 2030 | 450-500 | Leadership in sustainable infrastructure |
Financial Performance (FY2021–2023)
| Metric | FY 2021 | FY 2022 | FY 2023 |
| Revenue (₹ Cr.) | 180-210 | 223.53 | 338.10 |
| Profit After Tax (₹ Cr.) | 8.61 | 34.55 | 55.34 |
| Total Assets (₹ Cr.) | 112.13 | 148.27 | 347.59 |
| Debt-to-Equity Ratio | 0.95 | 0.73 | 0.51 |
| EBITDA Margin (%) | 12.26 | 18.54 | 24.16 |
Key IPO Details
| Parameter | Details |
| Price Band | ₹140–₹148 |
| Issue Size | ₹650 crores (Fresh + OFS) |
| GMP (as of Nov 2024) | ₹39 |
| Market Cap Post IPO | ₹2,597 crore |
| IPO Dates | Nov 22–26, 2024 |
| Listing Date | Nov 29, 2024 |
Mid to Long-Term Growth Drivers
Technological Advancement: Green technologies such as advanced wastewater treatment and waste-to-energy systems give the company a competitive edge.
Demand in the Sector: Sustainable urban development is gaining more prominence and aligns with the core offerings of the company.
Revenue Growth: Good finances where revenue has increased from FY21 ₹124 crores to ₹428 crores in December 2023​.
Risks involved
Government Contract Dependence Nearly all revenues are sourced through government projects, and hence vulnerable to policy or budget changes
Competitive Industry: The environmental infrastructure sector continually needs innovation to be at its best.
Enviro Infra is one of the promising opportunities in this rapidly growing sustainability sector within India. Its financial stability and strategic positioning make for an attractive long-term bet for investors. However, awareness of industry-specific risks calls for caution and a necessity to consult a financial advisor before investing.
For those to make hay out of this, perhaps now could be the right moment to investigate it as the IPO momentum lends support to that and the projections sound favorable.