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Enviro Infra Engineers Limited (EIEL) Fair Value & Analysis

Industrials · IN · Market cap ₹38.0B

EI Enviro Infra Engineers Limited EIEL · NSE
Price₹203.13
Fair Value₹170.04
Upside-16.3%
Quality34/100
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Expensive Growth
Solidly profitable · 16.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/12)
Moderate moat 60/100
Evidence: Medium Range ₹126.48 – ₹213.61 Share as image

Fair value as of: Aug 2, 2026

From 15 valuation models · updated 11 days ago

Share price −13.9% over the past month.

Below-average quality, and screening another 16% overvalued on our models.

What matters now

  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Our model range runs from ₹126.48 (bear) to ₹213.61 (bull), base ₹170.04. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 34/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (20 months)

₹380.59 ₹137.14 Fair Value ₹170.04 Nov 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

20‑month range ₹137.14 – ₹380.59 · fair‑value band ₹126.48 – ₹213.61 · the ₹203.13 price screens above the ₹170.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Enviro Infra Engineers Limited (EIEL) currently trades at ₹203.13, while our model-based Fair Value estimate is ₹170.04, implying the stock looks roughly 16.3% overvalued today. The Quality Score stands at 34/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Enviro Infra Engineers Limited generated revenue of ₹11.5B at a net margin of 16.0%. Revenue grew 6.7% year over year. It earns a return on equity of 16.9%. Net debt stands at ₹871M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹126.48 (bear case) to ₹213.61 (bull case); at ₹203.13, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -16%, EIEL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
ROIC Compounder ₹145.63 ₹215.74 ₹268.01 72
Growth-Adj P/E ₹334.00 ₹477.14 ₹620.28 68
P/E Multiple ₹164.15 ₹218.87 ₹273.59 63
All 15 models by family
DCF Models
Owner Earnings ₹27.95 ₹57.22 ₹118.65 31
Earnings-Based
Graham-Dodd ₹70.87 ₹494.26 ₹693.62 54
Lynch FV ₹255.35 ₹364.79 ₹474.22 50
PEG = 1.0 ₹255.35 ₹364.79 ₹474.22 46
EPV ₹108.52 ₹125.77 ₹140.86 59
Multiples
P/E Multiple ₹164.15 ₹218.87 ₹273.59 63
P/S Multiple ₹97.90 ₹130.53 ₹163.16 58
P/B Multiple ₹132.89 ₹177.18 ₹221.48 55
EV/EBIT ₹188.06 ₹249.08 ₹310.10 53
EV/EBITDA ₹158.77 ₹210.02 ₹261.27 54
EV/Revenue ₹87.25 ₹122.49 ₹157.73 43
Asset-Based
NCAV (Graham) ₹35.11 ₹47.05 ₹70.23 50
Economic Profit
Residual Income ₹69.95 ₹92.65 ₹269.12 61
ROIC Compounder ₹145.63 ₹215.74 ₹268.01 72
Growth Earnings
Growth-Adj P/E ₹334.00 ₹477.14 ₹620.28 68

Widest divergence: Growth Earnings (₹477.14) versus Asset-Based (₹47.05). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) ₹11.5B
Revenue growth (YoY) +6.7%
Net margin 16.0%
Return on equity 16.9%
Free cash flow −₹2.5B FY2026
P/E ratio 20.8
More key figures
Operating margin 16.7%
EPS (TTM) ₹10.40
EPS growth (YoY) -39.4%
Net debt ₹871M FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 35 · Market factors (momentum, volatility) 37

Profitability 49
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 8
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 42
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Enviro Infra Engineers Limited engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

Full company description

Enviro Infra Engineers Limited engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India. Its WWTPs include sewage treatment plants with sewage network schemes and common effluent treatment plants; and WSSPs comprise water treatment plants with pumping stations and laying of pipelines for water supply. Enviro Infra Engineers Limited was incorporated in 2009 and is based in Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Enviro Infra Engineers Limited reported revenue of ₹11.5B in FY2026 versus ₹2.2B in FY2022, a compound +50.5%/yr. Reported net income was ₹1.8B in FY2026, compounding +51.7%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹11.5B
Latest YoY
+8.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+50.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+56.0%
Revenue +50.5%/yr
FY22 ₹2.2B
FY23 ₹3.4B
FY24 ₹7.3B
FY25 ₹10.5B
FY26 ₹11.5B
Net income +51.7%/yr
FY22 ₹346M
FY23 ₹550M
FY24 ₹1.1B
FY25 ₹1.8B
FY26 ₹1.8B

EIEL screens 16% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Enviro Infra Engineers Limited Fair Value". https://www.fairvalue-calculator.com/stock/EIEL

Peer Group

Engineering & Construction · 840 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 34 · Bottom 25%
Fair Value upside −16% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 7% · Above median
Debt / equity 0.20× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 20.8× · Pricier than median
P/B 3.08× · Pricier than 75% of peers
P/S (TTM) 3.32× · Pricier than 75% of peers
EV/EBITDA 13.4× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 12 · sector 13
FUTURE 34 · sector 17
PAST 68 · sector 26
HEALTH 90 · sector 94
DIVIDEND 0 · sector 33

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Enviro Infra Engineers Limited (EIEL) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹170.04 versus a price of ₹203.13, about −16% (overvalued).
What is the fair value of EIEL?
Our model-based fair value for Enviro Infra Engineers Limited is ₹170.04 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹203.13.
What is the quality score of EIEL?
Enviro Infra Engineers Limited has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Enviro Infra Engineers Limited (EIEL)?
Enviro Infra Engineers Limited reported trailing-twelve-month revenue of about ₹11.5B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of EIEL?
The net profit margin of Enviro Infra Engineers Limited is about 16.0%, meaning it keeps roughly 16.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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