Revenue and Profitability Growth
Enviro Infra’s net sales surged from ₹728.92 crores in the fiscal year ending March 2024 to ₹1,066.06 crores in March 2025, reflecting a strong top-line expansion of nearly 46%. This growth was accompanied by a rise in total operating income, which matched net sales figures, indicating no other operating income contribution during this period. The company’s operating profit before depreciation, interest, and tax (PBDIT) also improved markedly, increasing from ₹175.59 crores to ₹287.17 crores year-on-year. This translated into an enhanced operating profit margin, which rose from 22.84% to 25.12%, signalling improved operational efficiency.
Profit before tax climbed from ₹146.99 crores to ₹240.55 crores, while profit after tax grew from ₹106.46 crores to ₹177.16 crores, underscoring a healthy bottom-line expansion. The consolidated net profit followed suit, rising from ₹108.43 crores to ₹176.30 crores. Earnings per share (EPS) increased from ₹7.92 to ₹10.04, reflecting the company’s ability to generate higher returns for shareholders. The profit after tax margin improved from 14.61% to 16.62%, further highlighting enhanced profitability.
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Cost Structure and Expenditure Trends
The company’s total expenditure excluding depreciation rose from ₹562.42 crores in March 2024 to ₹798.30 crores in March 2025, driven primarily by increases in raw material costs, manufacturing expenses, and employee costs. Raw material costs climbed from ₹407.78 crores to ₹545.78 crores, while manufacturing expenses surged from ₹107.96 crores to ₹179.31 crores. Employee costs also increased from ₹33.89 crores to ₹47.91 crores. Despite these rising costs, Enviro Infra managed to maintain and improve its operating margins, indicating effective cost management and pricing strategies.
Balance Sheet Strength and Asset Growth
Enviro Infra’s balance sheet has strengthened considerably over the years. Shareholder’s funds expanded from ₹292.18 crores in March 2024 to ₹994.51 crores in March 2025, reflecting substantial capital infusion and retained earnings growth. The company’s reserves increased significantly from ₹155.33 crores to ₹818.98 crores, supporting a higher book value per share which rose from ₹21.35 to ₹56.66. Total assets more than doubled from ₹759.23 crores to ₹1,496.45 crores, driven by growth in both current and non-current assets.
Current assets surged from ₹561.07 crores to ₹1,223.49 crores, with cash and bank balances notably increasing from ₹148.52 crores to ₹555.15 crores. Sundry debtors and other current assets also showed strong growth, indicating expanding business operations. Non-current assets rose from ₹198.16 crores to ₹272.96 crores, supported by increases in gross block and long-term loans and advances.
Liabilities and Debt Profile
Total liabilities grew from ₹759.23 crores to ₹1,496.45 crores, consistent with the company’s asset expansion. Long-term borrowings decreased slightly from ₹134.95 crores to ₹118.16 crores, while short-term borrowings remained relatively stable. The company’s total debt increased moderately from ₹189.50 crores to ₹214.22 crores, reflecting a balanced approach to leveraging for growth. Trade payables and other current liabilities also rose in line with business scale.
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Cash Flow and Financial Flexibility
Enviro Infra’s cash flow position has shown improvement, with net cash inflow rising to ₹161 crores in the fiscal year ending March 2025 from a marginal outflow in the previous year. While cash flow from operating activities remained negative at ₹46 crores, this was offset by strong cash flow from financing activities amounting to ₹471 crores, reflecting capital raising efforts. Investing activities saw significant outflows of ₹263 crores, consistent with asset expansion and capital expenditure. The company’s closing cash and cash equivalents stood at ₹162 crores, providing a solid liquidity buffer.
Summary of Historical Performance
Overall, Enviro Infra has exhibited a commendable trajectory of growth in revenue, profitability, and net worth over recent years. The company’s ability to expand its operating margins despite rising costs, coupled with a strengthened balance sheet and improved cash position, underscores its operational resilience and financial discipline. Investors may note the steady increase in earnings per share and book value per share as indicators of value creation. However, the company’s reliance on financing activities to support cash flow warrants monitoring to ensure sustainable growth.
Enviro Infra’s historical performance reflects a well-managed enterprise with expanding scale and improving financial metrics, positioning it favourably within its sector for future growth opportunities.
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