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Effwa Infra share price & results

Effwa Infra· Utilities

Results to
Mar 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Thane-based EPC player in water & industrial effluent management, delivering Zero Liquid Discharge (ZLD), effluent recycling, sewage treatment and O&M solutions.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue163 ₹ crore+31.5% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin16.0 %−2.0 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit18.0 ₹ crore+20.0% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable−3.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin11.36 %+28.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable+9.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

2 of 7 judged targets kept · 7 open · verdicts reflect calls analysed to Q4 FY26.

Effwa Infra management guidance track record on Inve: 14 targets tracked across analysed earnings calls (2 achieved, 5 missed, 7 open).

TargetOriginal wordingSaidLatest callVerdict
EBITDA MarginAdditional 2-3% expansion from 16.22% (Target: 18.22% - 19.22%)
Call transcript, Q4 FY25 · 9 May 2025		Q4 FY25Q4 FY26:Reported full year FY26 EBITDA margin of 16.6%, falling within the revised guidance of 16% to 17%.
Call transcript, Q4 FY26 · 13 May 2026		Achieved*
Operating Revenue Growth>50% YoY growth for the next couple of years
Call transcript, Q4 FY25 · 9 May 2025		Q4 FY25Q4 FY26:Achieved 36.8% YoY growth for FY26, missing the revised guidance of 'around, on an average, 40% plus'.
Call transcript, Q4 FY26 · 13 May 2026		Missed
New Technology LaunchLaunch Zero Material Discharge (ZMD) by FY27
Call transcript, Q4 FY25 · 9 May 2025		Q4 FY25Q4 FY26:Management pushed the expected commercial launch timeline to July 2027, which is in FY28 and beyond the original 'by FY27' target.
Call transcript, Q4 FY26 · 13 May 2026		Delayed

Source: Inve Guidance Tracker for Effwa Infra · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of Effwa Infra's 14 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 11 more targets are in the full ledger.

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See the full record

Price

₹332 +0.91% · +₹3

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +58.9% 1Y

₹150₹200₹250₹300₹350₹400Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 13 Nov 2025Q4 FY26 — 13 May 2026

1Y: ₹208.95 on 24 Oct 2025 → ₹332. High ₹397.65 (3 Jul 2026), low ₹166.8 (30 Mar 2026).

Previous close
₹329
Market cap
₹762 Cr
52-week range
₹166.8 – ₹397.65
One year
+63.10%
Price to earnings (FY ending Mar 2026)
26.28×
Return on equity (FY ending Mar 2026)
26.61%

Overview

Symbol
NSE:EFFWA
Sector
Utilities
Exchange
NSE
Currency
INR

What Effwa Infra does

Based on the company's own presentations, annual report and earnings calls.

Effwa Infra & Research is an engineering, procurement and construction (EPC) company that designs, builds and commissions effluent treatment, recycling and Zero Liquid Discharge (ZLD) plants for industrial and municipal clients. It serves sectors such as steel, textiles, petrochemicals, pharmaceuticals, sugar/distilleries and municipal utilities across India, with export projects in Tanzania and Ivory Coast. Beyond plant construction, it also earns from Operation & Maintenance (O&M) contracts on commissioned facilities.

Segments

  • Effluent Treatment Plant with Recycling
  • Effluent Treatment Plant with Zero Liquid Discharge (ZLD)
  • Sewage / Waste Water Treatment Plant
  • Operation & Maintenance (O&M)
Largest single-project capacity executed
135 MLD (ZLD project; scaled up from 3 MLD pre-2016)
Largest ZLD project under execution
50 MLD (among the largest ZLD facilities in India)
Quality/EHS certifications
ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
Industry sectors served
10 (textiles, tanneries, pulp & paper, municipal services, sugar & distilleries, power/steel/mining, petrochemicals/oil & gas, dairy & food processing, pharmaceuticals, chemicals & fertilizers)
International project footprint
Active projects in Tanzania & Ivory Coast; clientele in Bangladesh & Nigeria
Flagship completed project capacities
IOCL Haldia ETP 20.3 MLD; CETP (GIDC) 28 MLD; Tanzania potable water plant 22 MLD
Founded 2011Headquarters Thane, Maharashtra, India Company website

How the price took the results

close before → close after

Q4 FY26
+3.9%
13 May
Q2 FY26
+5.8%
13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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