Eiffil Water Infra Limited
- Unlisted share
- Infrastructure & Services
- ISIN INE1GFM01019
At a glance
Sales
FY26
₹700 Cr
+226%on FY25What the company earned from its customers in the year.
Profit
FY26
₹54.22 Cr
+150%on FY25What was left after every cost and tax was paid.
Market valuecalculated
₹655 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY26
₹232 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Eiffil Water Infra Limited
- ISIN
- INE1GFM01019
- Sector
- Infrastructure & Services
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹265.32
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Eiffil Water Infra Limited
Eiffil Water Infra Limited is an Ahmedabad-based contractor that builds water supply schemes, sewerage networks, water and sewage treatment plants, canals and irrigation works for government clients across several states. The business ran as the partnership firm Eiffil Construction from 1998, became a private company in November 2024 and a public limited company in October 2025. It is promoted and managed by Ranchhodbhai Kakadiya, Nirav Patel, Hareshbhai Vaddoriya and Jayantibhai Savsaviya, who together held about 81% at 31 March 2026.
Written from: eiffilwaterinfra.com, crisilratings.com
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Infrastructure & Services
- ISIN
- INE1GFM01019
- Year of incorporation
- 2024
- Registered office
- Ahmedabad, Gujarat
- Promoters
- Ranchhodbhai Zaverbhai Kakadiya (32.30%), Nirav Dineshkumar Patel (20.45%), Hareshbhai Laxmanbhai Vaddoria (19.86%), Jayantibhai M. Savsaviya (8.75%), Neel Ranchhodbhai Kakadiya (0.20%)
- Key people
- Managing Director: Ranchhodbhai Zaverbhai Kakdiya; Director & CEO: Nirav Dineshkumar Patel; Director & CFO: Jaynam Dilipkumar Shah; Company Secretary: Keval Dipakkumar Dave
- Face value per share
- ₹10
- Equity shares outstanding
- 2,46,76,481 shares
- CIN
- U43299GJ2024PLC156690
- Official website
- eiffilwaterinfra.com
Read from: Annual Report 2025-26 (company website), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
11.7×
At this price you pay ₹11.7 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
2.82×
At this price you pay ₹2.82 for every ₹1 of net worth on the company's books.
Profit margincalculated
7.7%
Out of every ₹100 of sales, ₹7.7 was left as profit.
Return on equitycalculated
23.3%
For every ₹100 of the owners' money, the company made ₹23.3 of profit in the year.
Debt to equitycalculated
0.9×
The company has borrowed ₹0.9 for every ₹1 of its owners' money.
- Indicative price
- ₹265.32
- Market valuecalculated
- ₹655 Cr
- price × shares
- No. of shares
- 2,46,76,481
- EPS
- ₹22.61
- Book value per share
- ₹94.13
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Eiffil Water Infra Limited (formerly Eiffil Water Infra Private Limited). As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY25 to FY26: ₹215 Cr to ₹700 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY25 to FY26: ₹21.67 Cr to ₹54.22 Cr.
| Particulars | FY25 | FY26Latest |
|---|---|---|
| Revenue from operations (FY2024-25 column covers 27 November 2024 to 31 March 2025 only) | 214.69 | 700.48▲226% |
| Other income (FY2024-25 column covers 27 November 2024 to 31 March 2025 only) | 0.56 | 3.94▲604% |
| Total income (FY2024-25 column covers 27 November 2024 to 31 March 2025 only) | 215.25 | 704.42▲227% |
| Profit before depreciation, finance costs, exceptional items and tax (as stated in the directors' report) | n/a | 88.93 |
| Depreciation and amortisation expense (FY2024-25 column covers 27 November 2024 to 31 March 2025 only) | 0.37 | 1.16▲214% |
| Finance costs (FY2024-25 column covers 27 November 2024 to 31 March 2025 only) | 2.05 | 13.81▲574% |
| Profit before tax (FY2024-25 column covers 27 November 2024 to 31 March 2025 only) | 28.96 | 73.97▲155% |
| Profit for the period (FY2024-25 column covers 27 November 2024 to 31 March 2025 only) | 21.67 | 54.22▲150% |
| Basic earnings per share (face value ₹10) (FY2024-25 column covers 27 November 2024 to 31 March 2025 only) (₹) | 10.43 | 22.61▲117% |
Rupees crore unless marked, consolidated. The change shown is the latest year against the year before. Read from: Annual Report 2025-26 (company website).
Credit rating. Crisil BBB/Stable (long term) and Crisil A3+ (short term) reaffirmed on bank loan facilities enhanced to ₹247 crore (Crisil Ratings, 21 July 2025) (21 July 2025) Crisil Ratings rating rationale
Ownership
Shareholding pattern
Who owns the company
32.3%Ranchhodbhai Zaverbhai Kakadiya (promoter)
- Largest holder
- 32.3%
- Top 3 together
- 72.6%
- Holders named
- 5
- Ranchhodbhai Zaverbhai Kakadiya (promoter)32.30%
- Nirav Dineshkumar Patel (promoter)20.45%
- Hareshbhai Laxmanbhai Vaddoria (promoter)19.86%
- Jayantibhai M. Savsaviya (promoter)8.75%
- Neel Ranchhodbhai Kakadiya (promoter)0.20%
- Total81.56%
Read from: Annual Report 2025-26 (company website)
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised | Source |
|---|---|---|---|---|---|
| FY2025-2616,36,459 shares of ₹10 issued to identified investors at ₹300 each, raising ₹49,09,37,700 and taking paid-up capital to 2,46,76,481 shares. | Preferential allotment | Equity shares | ₹300 | ₹49 Cr | eiffilwaterinfra.com |
| FY2024-2530,40,022 shares issued for cash on various dates between November 2024 and March 2025; Crisil puts the equity infused by investors at ₹97.96 crore. Price per share not stated in the sources opened. | Private placement | Equity shares | Not stated | ₹98 Cr | crisilratings.com |
| 27 Nov 20242,00,00,000 shares of ₹10 allotted to the former partners in their profit-sharing ratio when the firm became a company; no cash raised. | Conversion of partnership firm | Equity shares | ₹10 | ₹20 Cr | eiffilwaterinfra.com |
Read from: Annual Report 2025-26 (company website), Crisil Ratings rating rationale
Leadership
Management
Ranchhodbhai Zaverbhai Kakdiya
Managing Director
Nirav Dineshkumar Patel
Director & CEO
Jaynam Dilipkumar Shah
Director & CFO
Hareshbhai Laxmanbhai Vaddoriya
Director
Jayantibhai Madhubhai Savsaviya
Director
Neel Ranchhodbhai Kakadiya
Director
Keval Dipakkumar Dave
Company Secretary (with effect from 11 May 2026)
Read from: Annual Report 2025-26 (company website)
Corporate calendar
Events
- 30 Sept 2026AGM2nd Annual General Meeting called at the registered office to adopt FY2025-26 accounts; no dividend recommendedOpen
- 7 Oct 2025ConversionConverted from a private company into an unlisted public limited companyOpen
- 21 Jul 2025Credit ratingCrisil reaffirmed BBB/Stable and A3+ and raised the rated amount to ₹247 croreOpen
- 16 Jun 2025Credit ratingCrisil assigned BBB/Stable and A3+ to ₹122 crore of bank facilitiesOpen
- 27 Nov 2024ConversionPartnership firm Eiffil Construction converted into Eiffil Water Infra Private LimitedOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Eiffil Water Infra Limited on WhatsAppIs the price shown for Eiffil Water Infra Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Eiffil Water Infra Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Eiffil Water Infra Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Eiffil Water Infra Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.