Business Overview
Vishvaraj Environment is a developer of water utility and wastewater management projects with a focus on recycling treated sewage water for industrial use. As of March 31, 2025, the Company had an order book of ₹160,113.44 million and assets under management of ₹66,779.00 million. It provides solutions across the entire water cycle value chain, including the development and operation of water treatment plants, sewage treatment facilities, industrial water reuse projects and water distribution networks. The Company executes projects through long-term concession agreements using models such as public-private partnerships, hybrid annuity, EPC and operations and maintenance, enabling sustainable and efficient water management solutions.
Objects of Issue
- Investment in subsidiaries, through debt or equity, for repayment or prepayment of their outstanding borrowings.
- Funding capital expenditure through investment in subsidiary Nagpur Waste Water Management Private Limited to build Phase 3 of a UF-RO based 300 MLD water treatment plant. (“Project A”)
- Funding capital expenditure through investment in subsidiary Bhusawal Waste Water Management Private Limited for a DBFOT-based 60 MLD STP and 80 MLD TTRO plant.(“Project B”)
- Funding capital expenditure to develop a 30 MW (AC) solar power project under MSKVY 2.0 (PM-KUSUM Component C).(“Project C”)
- General corporate purposes
Financials
(Rs. in crores)
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue | 1,758.71 | 1,255.44 | 669.99 |
| PAT | 266.27 | 165.79 | 96.06 |
| Net Worth | 782.16 | 555.92 | 430.14 |
| Borrowings | 1,001.00 | 490.16 | 530.59 |
| Assets | 3,004.56 | 1,892.39 | 1,424.05 |
| NAV (₹) | 50.89 | 36.53 | 29.27 |
| EPS (₹) | 18.62 | 11.53 | 6.94 |
KPIs
EBITDA
24.11%
PAT
14.95%
ROE
39.80%
ROCE
24.04%
Net Debt to Equity
0.98
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
100.00%
Public
0.00%
Management
Registrar & Lead Managers
Registrar
MUFG Intime India
Lead Managers (3)
Company Details
Name: Vishvaraj Environment LimitedAddress: 116A, 11th Floor, Maker Chambers, VI, 220 Nariman Point, Mumbai – 400 021, Maharashtra, India
Address: 116A, 11th Floor, Maker Chambers, VI, 220 Nariman Point, Mumbai – 400 021, Maharashtra, India
Number: 022 -2288 1211/ 6229 0000
Email: compliance@vishvaraj.in
Website: https://www.vishvaraj.in