Enviro Infra Engineers Ltd (EIEL), established in 2009 and based in Delhi, specializes in designing, constructing, and maintaining Water and Wastewater Treatment Plants for government projects across India. With a strong order pipeline and a focus on large-scale projects, the company is well-positioned for growth, particularly with government initiatives like the Jal Jeevan Mission and NAMAMI Gange Programme. At an upper price band of ₹148, EIEL is fairly priced with a P/E of 23.9x (FY24), leading to a "subscribe" recommendation for medium- to long-term investment.