Effwa Infra & Research logo

Effwa Infra & Research share price

NSE: EFFWAOther Utilities

Last close ₹323.85down ₹5.00 (1.52%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹328.85.

52-week range of traded prices to 23 Oct 2026
₹165.00Low, 30 Mar 2026₹399.95High, 3 Jul 2026
Market cap
₹750 Cr
P/E
26.2
P/B
6.1
Dividend yield
0.31%
ROE
26.2%
Debt to equity
0.31
Volume, NSE
4,40063.6% delivered

Share price

Daily closes since Jul 2024, adjusted for splits and bonuses

+54.7%over a year · Nifty SME EMERGE −9.7% · Nifty 500 −9.8%

ResultsDividend20-session average 16,500 shares a day, 66.8% delivered

Results

Standalone; ₹ crore, the charts by years to March, the table by half year.Half-yearly results

Half year to Mar 2026, against the half year beforeFiled 12 May

Revenue
₹163 Crup 80.79%
Net profit
₹18 Crup 82.12%
Net margin
11.3%

Revenue by year

Peak revenue ₹253 Cr, year to Mar 2026

Net profit by year, a loss in red

₹ croreSep 2024Mar 2025Filed 16 JulSep 2025Filed 12 NovMar 2026Filed 12 May
Revenue6112490163
Net profit5151018
Net margin7.8%12.4%11.2%11.3%
Standalone. The 4 half years from Sep 2024, the first on record. The latest is shaded.

Business segments

In the year to Mar 2026 the company reports one business segment, Effluent treatment plan, which carries all its revenue.

Valuation

Today, against the company's own history. Not shown, EV/EBITDA: a period of the last twelve months does not state its operating profit.PE ratio and valuation history

Price to earnings

At or below today's level on 62% of 247 trading days over the last year.

LowestHighest
Its median22.6Industry median14.9
Price to book

At or below today's level on 65% of 247 trading days over the last year.

LowestHighest
Its median5.5Industry median1.9
Dividend yield

At or below today's level on 100% of 549 trading days since Aug 2024.

LowestHighest
Its median0.00%Industry median0.44%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+0.9%+42.3%−29.5%0.6%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters73.03%
  • Foreign institutions0.01%
  • Indian institutions3.23%
  • Individuals and others23.73%
Holder
VARSHA SUBHASH KAMALPromoter37.32%
SUBHASH RAMAVTAR KAMALPromoter35.71%
INDIA EQUITY FUND 1Alternative investment funds2.95%
NANDANA AJAY KASOTIAResident individuals, over ₹2 lakh at face value2.01%
BENGAL FINANCE AND INVESTMENT PVT LTDCompanies1.06%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names.

The filing reports 46,55,000 of its 2,31,47,167 shares locked in.

Peers and competitors

Waste Management, 16 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Effwa Infra & Research in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Refex Industries logoRefex IndustriesREFEX3,10912.62.16.7+26.5%+63.3%18.1%24.3%0.44%
EMS logoEMSEMSLIMITED1,58223.21.515.1−33.9%−63.1%6.7%8.4%0.53%
Antony Waste Handling Cell logoAntony Waste Handling CellAWHCL79613.61.15.9+11.8%−31.8%8.4%7.4%0.18%
Namo eWaste Management logoNamo eWaste ManagementNAMOEWASTE76253.17.4–+29.9%+69.6%15.0%–0.00%
Eco Recycling logoEco RecyclingECORECO73530.66.622.1+31.9%–24.2%27.0%0.26%
Z-Tech (India) logoZ-Tech (India)ZTECH60016.32.7–+66.7%+81.6%18.7%–0.00%
Concord Enviro Systems logoConcord Enviro SystemsCEWATER476–0.836.2−9.0%––−0.4%0.00%
Hi-Green Carbon logoHi-Green CarbonHIGREEN349101.83.9–+43.3%−69.2%3.9%–0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

Highest ₹1.00 a share, year to Mar 2026.
Ex-dateTypePer share
22 Sep 2026Final₹1.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

Effwa Infra & Research share price by year

Each calendar year to 2025.Effwa Infra & Research share price history

YearClose at year endChangeHighest closeLowest close
2025228.30−8.7%255.00152.00
2024250.10–389.15163.55
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2024 is from its first session, 12 Jul 2024.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026324.20324.85321.00323.85323.344,40063.6%
22 Oct 2026343.00343.00325.00328.85330.3512,80046.9%
21 Oct 2026359.00365.00332.95339.00350.2014,40077.8%
19 Oct 2026354.25360.00350.00356.00354.733,600100.0%
16 Oct 2026355.50359.00353.65354.25357.094,40063.6%
15 Oct 2026350.00361.00350.00358.35357.9117,60047.7%
14 Oct 2026358.00364.70350.00356.65358.0514,80054.1%
13 Oct 2026349.00349.00341.00348.55345.6012,80056.3%
12 Oct 2026361.80361.80348.00349.00351.5626,80086.6%
9 Oct 2026345.00363.00345.00361.80356.9626,40069.7%
Prices in ₹ per share as traded, not adjusted.

Company details

Legal name
Effwa Infra & Research Limited
NSE symbol
EFFWA
ISIN
INE0U9101019
Industry
Other Utilities
Listed
Jul 2024
Face value
₹10