EFFWA

Effwa Infra & Research Limited

Listed company · ISIN INE0U9101019 · NSE SM · FV ₹10
Last price
₹331
+2.07%today
What this company does

Effwa Infra & Research Limited is a listed company. It booked ₹131 cr of revenue in its latest half year (H1 FY27) and kept 11.6% of sales as profit.

59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 438–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns81

How much profit it earns on the money it employs

Balance sheet55

How much it owes, and whether earnings cover the interest

Cash quality55

Whether reported profit actually arrives as cash

Valuation30

What today's price implies, against our models or its peers

Governance & risk64

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Makes a profit
✓ Sales up 45% vs last year
✓ Profit up 49% vs last year
✓ Promoters hold 73%
✓ Strong 26% return on equity
Watch-outs
! 20.5% of promoter stake pledged

What if I invest in EFFWA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹331▲ +2.07%
latest close · 2026-11-04
52-wk low ₹29274 sessions so far52-wk high ₹387
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio25.3Average
LowAverageHigh
P/B ratio6.63High
Below bookModerateHigh
EV / EBITDA18.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity26.2%Strong
WeakFairStrong ▸15%
Return on capital26.1%Strong
WeakFairStrong
Net margin11.6%Decent
ThinDecentStrong
EBITDA margin16.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.60Moderate
LowModerateHigh ▸1
Interest cover23.7×Strong
RiskyOkayStrong ▸5×
Current ratio3.30Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹765 cr
Book value
₹50
EPS
₹6.52
latest half year
Net debt
₹23 cr
owes more than its cash
Enterprise value
₹788 cr
EBITDA
₹42 cr
annualised
EBIT
₹42 cr
annualised
Operating margin
16.1%
Return on assets
13.7%
Earnings yield
3.95%
P/S
2.93
Sales / share
₹112.8
Tax rate
25.0%
Face value
₹10
Shares
2.3 cr
Working capital
₹137 cr
Current assets
₹197 cr
Current liabilities
₹60 cr
Delivery %
71.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹62–₹121, midpoint ₹99

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H1 FY27 (consolidated)
Revenue from Operations₹131 cr
Other Income₹0 cr
Total Income₹131 cr
Cost of Materials₹96 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹8 cr
Finance Costs₹88.5 L
Other Expenses₹5 cr
Total Expenses₹111 cr
Profit before Tax₹20 cr
Tax Expense₹5 cr
Net Profit₹15 cr
Net margin on total income11.6%
Where the money goes · H1 FY27
% of total income
Materials + stock-in-trade₹96 cr73.4%
Employee benefit expense₹8 cr6.5%
Finance costs₹88.5 L0.7%
Other expenses₹5 cr4.1%
Tax expense₹5 cr3.9%
Profit for the period₹15 cr11.6%
Total income ₹131 cradds up to ₹100 ✓
Half-yearly results · consolidated (₹ cr)
MetricH1 FY26H2 FY26H1 FY27
Revenue90 cr163 cr131 cr
Total income90 cr163 cr131 cr
Expenses77 cr138 cr111 cr
Profit before tax14 cr25 cr20 cr
Tax3 cr6 cr5 cr
Net profit (owners' share)10 cr18 cr15 cr
Net margin (owners' share, on revenue)11.2%11.3%11.6%
EPS (₹)4.387.986.52
YoY (latest quarter): total income +44.8% · net profit +48.8%
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹221 cr
Shareholder equity
₹115 cr
parent shareholders
Total debt
₹70 cr
Cash
₹47 cr
Corporate actions
Dividend yield
0.30%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 22 Sep 2026
ActionDetailEx-date
Dividend₹1 / share22 Sep 2026
Who owns it · 2026-09-30
⚑ 20.4% pledged
Promoter
73.0%
FII / Foreign
0.0%
DII / Domestic
3.2%
Retail / others
23.7%
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2026
See the official result
1
1. To receive, consider and adopt the audited Standalone financial statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditor's thereon.
Backed by 87% of shareholders other than promotersneeded 50%
1.27 L votes for, 19,200 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend of Re. 1/- per equity share of face value of Rs. 10/- each for the financial year ended 31st March, 2026
Backed by 87% of shareholders other than promotersneeded 50%
1.27 L votes for, 19,200 against · 0% of mutual funds and other big investors said no
3
3. To consider and appoint Mr. Subhash R. Kamal (DIN: 00255160) as a Whole-time Director, who retires by rotation and being eligible, offers himself, for re-appointment.
Backed by 87% of shareholders other than promotersneeded 50%
1.27 L votes for, 19,200 against · 0% of mutual funds and other big investors said no
4
4. To Fix Remuneration of Dr. (Mrs) Varsha Subhash Kamal, (DIN: 00270314) Managing Director of the Company for remaining term of 2 (Two Years).
Backed by 87% of shareholders other than promotersneeded 75%
1.27 L votes for, 19,600 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 73.0% between them · as of 2026-09-30
VARSHA SUBHASH KAMAL37.32%
SUBHASH RAMAVTAR KAMAL35.71%
KAMAL SUBHASH HUFno shares
VIJAY VASANT DANGEno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

Money raised in Jul 2024 by selling shares to the public

As of Mar 2026, the company says it has spent 100% of what it set aside.

Fund working capital requirements of our company
100%
of what was set aside
Funding of capital expenditure requirements of our company towards the purchase of Office Equipment
100%
of what was set aside
General Corporate Purpose
100%
of what was set aside
Issue Related Expenses
100%
of what was set aside
Spent by quarter: 99% → 100% (to Mar 2026)

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.