Effwa Infra & Research Ltd. · NSE:EFFWA
Effwa Infra & Research — H2 FY26 Earnings Presentation
45 slides from Effwa Infra & Research's earnings presentation, May 12, 2026
Slide 1: Investor Presentation H2 FY26 – Intimation to NSE
™ Effwa Infra & Research Ltd. (Formerly Known as Effwa Infra & Research Pvt. Ltd.) We Engineer Environmental Science 12th May 2026 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai– 400051 Scrip Code: EFFWA Subject: INVESTOR P
Slide 2: Effwa Infra & Research Limited Investor Presentation – May 2026
We Engineer Environmental Science Effwa Infra & Research Limited Investor Presentation – May 2026
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides have been prepared by EFFWA Infra & Research Ltd. (EFFWA the “Company”), and have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securiti
Slide 4: Company Overview
Company Overview Investor Presentation – H1 FY26 3
Slide 5: About Us
About Us • Effwa synonym to an engineering powerhouse that offers cutting edge environmental solutions to various Industries across the Globe was established by Dr. Varsha Kamal and Mr. Subhash Kamal (Ex. IITians) in 2011. • Effwa Infra & Research Limited is expanding fast in its business of enginee
Slide 6: Our Services
Our Services Effluent Treatment & Recycling Zero Liquid Discharge Plant Sewage Treatment & Reclamation Water Treatment & Distribution Investor Presentation – FY26 5
Slide 7: Water Solutions and Treatment Applications Across Sectors
Water Solutions and Treatment Applications Across Sectors • Textile • Tanneries • Pulp and Paper • Municipal Services • Sugar & Distilleries • Power, Steel and Mining • Petrochemicals, oil & Gas • Dairy and Food Processing • Bulk drugs & Pharmaceuticals • Pesticides, Chemicals and fertilizers Invest
Slide 8: Major Clientele
Major Clientele Bangladesh Nigeria Investor Presentation – FY26 7
Slide 9: Recognition with Leading Consultants
Recognition with Leading Consultants Investor Presentation – FY26 8
Slide 10: The Founders and Directors
The Founders and Directors Dr. Varsha Kamal Mr. Subhash Kamal (Promoter, Chairperson & Managing Director) (Promoter, Whole Time Director) ▪ Dr. Varsha Subhash Kamal is the Promoter, Chairperson and ▪ Mr. Subhash Ramavtar Kamal is the Promoter, Whole Time Managing Director of our Company. Director of
Slide 11: Organisational Structure
Organisational Structure Organizational Structure Whole Time Director - KMP Chairman & Managing Director - Non-Executive Independent Non-Executive Non KMP Director Independent Director Senior Managerial Chief Financial Officer - Personnel CS & Compliance Officer - KMP Independent Director Independen
Slide 12: Business Process Flow
Business Process Flow Site Establishment Construction & Erection Joint Progress Review Procurement & Safety & Environment Logistics Training 5 4 6 Process Optimisation Pre-trial Training & 3 7 Commissioning Design & Engineering 2 8 Performance Demonstration Contract Review Handover of Facilities / T
Slide 13: Unique Selling Proposition
Unique Selling Proposition Zero Liquidated Damages High Customer Retention Rate “On Time, Every Time” Strong relationships built on performance, transparency and ethical practice leading to repeat Track record of completing projects without business. Once a Customer, Always a dynamic incurring any p
Slide 14: Snapshot of Our Completed Projects
Snapshot of Our Completed Projects CETP Narmada Clean Tech GIDC Investor Presentation – FY26 13
Slide 15: Snapshot of Our Completed Projects
Snapshot of Our Completed Projects SAIL Durgapur Steel Plant Investor Presentation – FY26 14
Slide 16: Snapshot of Our Completed Projects
Snapshot of Our Completed Projects Kutch Copper Ltd (Adani) Investor Presentation – FY26 15
Slide 17: Snapshot of Our Completed Projects
Snapshot of Our Completed Projects Common Effluent Treatment / Recycling Plant (28 MLD) Investor Presentation – FY26 16
Slide 18: Snapshot of Our Completed Projects
Snapshot of Our Completed Projects Potable Water Treatment Plant (22 MLD) at Tanzania Investor Presentation – FY26 17
Slide 19: Snapshot of Our Completed Projects
Snapshot of Our Completed Projects Effluent Recycling Plant Capacity : 2.4 MLD Cooling Tower with Water Recirculation Plant, RINL Capacity : 7500 m3 / hr Investor Presentation – FY26 18
Slide 20: Snapshot of Our Completed Projects
Snapshot of Our Completed Projects Zero Liquid Discharge System, TATA Steel Ltd. Capacity : 2.4 MLD Investor Presentation – FY26 19
Slide 21: Snapshot of Our Completed Projects
Snapshot of Our Completed Projects Zero Liquid Discharge System at ONGC 2.4 MLD Investor Presentation – FY26 20
Slide 22: Snapshot of Our Completed Projects
Snapshot of Our Completed Projects Zero Liquid Discharge System (Capacity : 2 MLD) Investor Presentation – FY26 21
Slide 23: Snapshot of Our Completed Projects
Snapshot of Our Completed Projects IOCL (Haldia Refinery) Effluent Treatment Plant 20.30 MLD Investor Presentation – FY26 22
Slide 24: Industry Overview
Industry Overview
Slide 25: Water & Wastewater Treatment Market Landscape
Water & Wastewater Treatment Market Landscape GLOBAL MARKET OVERVIEW INDIA MARKET – STRONG GROWTH TRAJECTORY India's wastewater treatment market was valued at USD 4.4 billion in 2023 and is projected to reach Market Size USD 9.7 billion by 2030, growing at a CAGR of Global Industrial Global ZLD Key
Slide 26: Emerging Trends - ZLD and Recycling Are the Future
Emerging Trends - ZLD and Recycling Are the Future OPPORTUNITY LANDSCAPE – ZLD ADOPTION ACCELERATING WHY EFFWA IS WELL-POSITIONED? Water Security Strong Capex Pipeline ZLD Penetration INR 20,000+ Cr projected capex in ETP & ZLD by PSUs ZLD adoption in Indian industries is projected to and industrial
Slide 27: H2 & FY26 Operational Highlights
H2 & FY26 Operational Highlights
Slide 28: Key Business Highlights for H2 FY26
Key Business Highlights for H2 FY26 Efficiency Improvement Order Book • Already Implemented new updated engineering software to boost • Present Orders in hand 750+ Crore operational efficiency. • Projects under Pipeline of 2,600+ Crore • Continued technical and soft skill training to employees for a
Slide 29: CMD's Commentary – FY26 Performance
CMD's Commentary – FY26 Performance Commenting on the performance, Dr. Varsha Kamal, Promoter, Chairperson & Managing Director, said: “We are pleased to report a strong and encouraging performance for FY26, reflecting the Company’s continued focus on sustainable growth, operational excellence, and v
Slide 30: Management Outlook
Management Outlook ✓ Ongoing execution of major projects continues to strengthen the Company’s growth trajectory. The SAIL (RSP) project is expected to be completed during the current financial year, while execution at JSW Steel is anticipated to contribute significant revenue going forward. The Com
Slide 31: Snapshot of our Ongoing Projects
Snapshot of our Ongoing Projects 1 3 • Image 1 & 2: Architecturally engineered 28,000 sq. ft. column-less roof structure for the Control Building by Team Effwa - a first-of-its-kind design for an Industrial ETP/ZLD project; consultancy by MECON Limited. • Image 3: RO skids currently under erection f
Slide 32: H2 & FY26 - Financial Highlights
H2 & FY26 - Financial Highlights Revenue from Operations EBITDA PAT (Rs. In Lacs) (Rs. In Lacs) (Rs. In Lacs) EBITDA Margin 2,668.0 16,308.5 16.4% H2 FY26 2,272.0 1,847.4 12,426.1 1,534.9 PAT Margin 11.3% H2FY25 H2FY26 H2FY25 H2FY26 H2FY25 H2FY26 EBITDA Margin 25,329.4 2,861.8 4,210.5 16.6% FY26 18,
Slide 33: H2 FY26 - Revenue Bifurcation
H2 FY26 - Revenue Bifurcation Institutions wise Revenue Contribution Domestic v/s Export Mix Service wise Revenue Contribution 0.1% 3.2% 1.7% 3.0% 16.2% 36.7% H2FY26 H2FY26 H2 FY25 H2FY26 63.2% 95.1% 83.8% 97.0% Government Department Effluent Treatment Plant with recycling Public Sector Undertakings
Slide 34: FY26 - Revenue Bifurcation
FY26 - Revenue Bifurcation Institutions wise Revenue Contribution Domestic v/s Export Mix Service wise Revenue Contribution 0.5% 3.0% 4.6% 11% 12.8% 38.4% FY26 FY26 61.1% FY25 FY26 92.4% Government Department 89% 87.2% Effluent Treatment Plant with recycling Public Sector Undertakings Effluent Treat
Slide 35: Profit and Loss Statement
Profit and Loss Statement Particulars H2 FY26 H2 FY25 Y-o-Y H1 FY25 H-o-H FY26 FY25 YoY Revenue from Operations 16,308.5 12,426.1 31.2% 9,020.9 80.8% 25,329.4 18,511.9 36.8% Cost of Goods Sold 11,952.3 8,956.9 6,232.4 18,184.7 13,385.3 Employee Expenses 863.3 730.6 712.8 1,576.0 1,234.4 Other Expens
Slide 36: Balance Sheet
Balance Sheet Assets Mar-26 Mar-25 Equity & Liabilities Mar-26 Mar-25 Non ‐ Current Assets Shareholder's Fund Property, plant and equipment (a) Equity share capital 2,314.7 2,314.7 (i)Tangible Assets 58.7 58.4 (b) Other equity 10,035.3 7,173.5 (ii)Intangible Assets 0.0 0.0 Total Equity 12,350.0 9,48
Slide 37: Cash Flow Statement
Cash Flow Statement Particulars Mar-26 Mar-25 Cash Flow from Operating Activities Profit before Tax 3,822.6 2,725.2 Adjustment for Non-Operating Items 73.0 134.4 Operating Profit before Working Capital Changes 3,895.7 2,859.6 Changes in Working Capital 9.1 -5,269.7 Cash Generated/Used from Operation
Slide 38: Historical Financial Overview
Historical Financial Overview
Slide 39: Key Financial Ratios
Key Financial Ratios Rs. In Lacs Revenue from Operations EBITDA & EBITDA Margin PAT & PAT Margin 84.39% YOY 251.97% YOY 4,210.5 25,329.4 2,861.8 18,511.9 3,002.0 16.6% 2,011.3 14,515.9 11.3% 2,040.4 11,509.6 16.2% 1,390.5 14.1% 10.9% 879.7 9.6% 514.4 7.6% 4.5% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26
Slide 40: Key Financial Ratios
Key Financial Ratios Current Ratio Debt-to-Equity Ratio Interest Coverage Ratio 2.88 2.92 0.69 11.72 11.53 26.4% 25.3% 22.3% 21.7% 10.33 1.91 1.81 0.38 0.31 0.31 4.58 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Investor Presentation – FY26 39
Slide 41: Historical Revenue Bifurcation
Historical Revenue Bifurcation Institutions wise Revenue Contribution 1.4% 0.5% 9.3% 3.1% 46.8% 38.4% 33.7% 53.4% FY23 FY24 FY25 FY26 43.5% 57.0% 51.8% 61.1% Government Institutions Public Sector Undertaking Private Sector Service wise Revenue Contribution 4.3% 0.9% 3.0% 0.3% 2.0% 5.4% 14.7% 11.3% 1
Slide 42: Historical Profit And Loss Statement
Historical Profit And Loss Statement Particulars FY23 FY24 FY25 FY26 Revenue from Operations 11,509.6 14,515.9 18,511.9 25,329.4 Cost of Goods Sold 9,161.6 10,690.4 13,385.3 18,184.7 Employee Expenses 728.3 950.6 1,234.4 1,576.0 Other Expenses 740.0 834.6 890.3 1,358.2 EBITDA 879.7 2,040.4 3,002.0 4
Slide 43: Historical Balance Sheet
Historical Balance Sheet Assets Mar-23 Mar-24 Mar-25 Mar-26 Equity & Liabilities Mar-23 Mar-24 Mar-25 Mar-26 Non ‐ Current Assets Shareholder's Fund Property, plant and equipment (a) Equity share capital 232.6 1,783.0 2,314.7 2,314.7 (i)Tangible Assets 49.5 63.3 58.4 58.7 (b) Other equity 2,121.5 1,
Slide 44: Historical Cash Flow Statement
Historical Cash Flow Statement Particulars Mar-23 Mar-24 Mar-25 Mar-26 Cash Flow from Operating Activities Profit before Tax 702.8 1,858.2 2,725.2 3,822.6 Adjustment for Non-Operating Items 109.4 102.2 134.4 73.0 Operating Profit before Working Capital Changes 812.2 1,960.4 2,859.6 3,895.7 Changes i
Slide 45: Thank You
Thank You Company Details: Effwa Infra & Research Ltd Lina Lad : Chief Financial Officer investor@effwa.co.in www.effwa.co.in Investor Relations Partner: X-B4 Advisory LLP Rasika Sawant / Gautam Kothari +91 95944 57518 / +91 79776 16640 rasika@x-b4.com / gautam@x-b4.com www.x-b4.com Investor Present
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