Effwa Infra & Research (EFFWA)₹322.00+1.43%Waste Management
In the Mar 2026 quarter (standalone), Effwa Infra & Research reported sales of ₹162 Cr, up 31.6% from Mar 2025, and net profit of ₹18.04 Cr, up 20.0% year on year. For the year to Mar 2026, sales were ₹252 Cr and net profit ₹29.07 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 32.88 | 112 | 60.79 | 124 | 89.60 | 162 |
| Expenses | 30.06 | 95.25 | 54.11 | 102 | 75.22 | 136 |
| Operating Profit | 2.99 | 16.96 | 6.98 | 22.95 | 14.97 | 26.93 |
| OPM % | 9.0% | 16.0% | 12.0% | 18.0% | 17.0% | 16.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 1.99 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.99 | 16.99 | 5.99 | 21.01 | 13.99 | 24.99 |
| Tax % | 25.0% | 25.0% | 25.0% | 26.0% | 25.1% | 25.0% |
| Net Profit | 1.01 | 13.03 | 5.01 | 15.03 | 10.01 | 18.04 |
| EPS (Rs) | 58.11 | 7.05 | 2.05 | 6.64 | 4.39 | 7.99 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 54.78 | 104 | 115 | 145 | 184 | 252 |
| Expenses | 50.13 | 98.14 | 106 | 125 | 155 | 212 |
| Operating Profit | 3.99 | 6.99 | 8.98 | 19.95 | 29.94 | 41.89 |
| OPM % | 8.0% | 6.0% | 8.0% | 14.0% | 16.0% | 17.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.99 | 0.99 | 1.99 | 1.99 | 2.99 | 3.99 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 3.01 | 5.99 | 7.01 | 18.99 | 27.01 | 37.99 |
| Tax % | 27.0% | 26.1% | 27.0% | 25.0% | 26.0% | 25.0% |
| Net Profit | 2.01 | 4.01 | 5.01 | 14.03 | 20.04 | 29.07 |
| EPS (Rs) | 96.32 | 189.76 | 220.73 | 7.81 | 8.70 | 12.37 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2.00 | 1.99 | 2.00 | 17.99 | 23.04 | 23.00 |
| Reserves | 12.00 | 15.98 | 21.02 | 18.98 | 72.12 | 100 |
| Borrowings | 9.00 | 9.99 | 16.00 | 13.99 | 30.03 | 37.98 |
| Other Liabilities | 10.05 | 18.09 | 25.12 | 29.14 | 25.12 | 37.18 |
| Total Liabilities | 33.05 | 46.05 | 65.14 | 80.10 | 150 | 198 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.01 |
| Investments | 2.01 | 2.99 | 4.01 | 0.00 | 0.00 | 0.00 |
| Other Assets | 31.04 | 44.06 | 60.13 | 79.09 | 149 | 178 |
| Inventories | 0.00 | 2.99 | 2.99 | 1.99 | 1.99 | 0.00 |
| Trade receivables | 27.99 | 31.02 | 52.02 | 67.03 | 118 | 129 |
| Cash & equivalents | 0.00 | 2.99 | 0.00 | 4.99 | 25.99 | 42.99 |
| Total Assets | 33.05 | 46.05 | 65.14 | 80.10 | 150 | 198 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | 1.01 | 4.01 | −5.01 | 5.01 | −31.03 | 29.04 |
| Cash from investing activity | −1.99 | −0.99 | −1.99 | −0.99 | 0.00 | −19.98 |
| Cash from financing activity | 0.00 | 0.99 | 3.99 | −3.99 | 38.96 | 4.99 |
| Net cash flow | −2.01 | 3.01 | −3.01 | 0.00 | 8.01 | 14.01 |
| Capex | 0.69 | 0.73 | 0.61 | 0.45 | 0.19 | 0.26 |
| Free cash flow | 0.00 | 2.99 | −4.99 | 4.99 | −30.89 | 28.93 |
| CFO / OP % | 18.1% | 70.0% | −36.0% | 34.0% | −80.0% | 93.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 185 | 108 | 163 | 167 | 231 | 184 |
| Cash conversion cycle | 187 | 110 | 165 | 169 | 233 | 186 |
| Working capital days | 85 | 44 | 63 | 81 | 141 | 106 |
| ROCE % | — | 27.0% | 26.0% | 44.0% | 34.0% | 29.0% |
For the Mar 2026 quarter, Effwa Infra & Research reported sales of ₹162 Cr, up 31.6% year on year and net profit of ₹18.04 Cr, up 20.0% year on year. The operating margin was 16.0%.
Effwa Infra & Research's sales for the year to Mar 2026 were ₹252 Cr.
Net profit for the year to Mar 2026 was ₹29.07 Cr. Earnings per share over the same trailing period were ₹12.37.
Effwa Infra & Research reported borrowings of ₹37.98 Cr at Mar 2026, against cash and equivalents of ₹42.99 Cr.
Cash from operations was ₹29.04 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹28.93 Cr.