Envirotech Systems Ltd. (ENVIRO)
SME CapIndustrials stocks · SME cap · NSE
Envirotech Systems Ltd. is an Indian industrial company. The provided investor presentation for FY2025-26 offers extremely limited information regarding its business activities, product offerings, or market presence.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Investable fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is weak.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Bad · 0/100PAT -33% YoY · margin compression · Rev +14% YoY · +23% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹32 Cr | +14.3% | +23.1% |
| EBITDA | ₹10 Cr | -9.1% | +11.1% |
| Operating margin | 32.0% | -400 bps | -100 bps |
| PAT | ₹6 Cr | -33.3% | +0.0% |
| PAT margin | 18.8% | -1673 bps | -433 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Envirotech Systems reports an order book of over Rs. 30 crores as of May 1, 2026, with a new factory partially operational.
The investor presentation for FY26 is largely devoid of financial or operational data. While an order book figure and new factory status are mentioned, the lack of comprehensive information makes it impossible to form a meaningful investment thesis or assess performance.
New Factory Capacity
New factory partially operational, enabling the company to bid for single large size orders of Rs 10 crores+.
Large Order Bidding
Company is bidding for single large size orders of Rs 10 crores+.
Customer Engagement
The Company is in talks with its regular customers for large size orders.
Defence Sector Opportunities
Some large defence orders are expected soon.
New Factory
New factory partially operational.
Anticipated Defence Orders
Some large defence orders are expected soon.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The document is an investor presentation for the financial year 2025-26, but it does not provide comparative financial results or operational metrics for the period, only a snapshot of the order book.
Order Book
Order book as of 1st May 2026 is of Rs. 30+ crores.
Capacity Status
New factory partially operational.
Pursuing Large Orders
The company is bidding for single large size orders of Rs 10 crores+.
Engaging Key Customers
The Company is in talks with its regular customers for large size orders.
Defence Sector Focus
Some large defence orders are expected soon.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Order Book Value | Rs. 30+ crores as of May 1, 2026. | Monitor growth in order book value and conversion of large bids. |
| New Factory Status | Partially operational. | Track progress on full operationalization and utilization ramp-up of the new factory. |
| Large Order Wins | Bidding for Rs 10 crores+ orders. | Observe successful conversion of large bids, especially in the defence sector. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
35Bearishfull bear SMA stack · SMA20 -8.4% / mo · MACD + · near 52W low
Technical chart
ENVIROdaily · 1Y · AUTO-32.5%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 41.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~9.1% over last month) — short-term momentum negative.
- RSI(14) at 41 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 67 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 67 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
UNDERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Fair-value margin of safety is positive at 72.3%.
- Growth contributes 24/25 to the score.
- Valuation contributes 25/30 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
- Quality is weaker at 11/20; verify the latest quarterly trend.
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +3 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 49th percentile of the scored universe and 47th percentile within Industrials. Main check: results consistency is weak at 38/100.
Healthy Trust Lite: Promoter holding is 68.9%. Key concern: Only 1 years of positive FCF.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Industrials: 47th pctile, median 68 · SME: 60th pctile, median 64
10 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 68.9%.
- ▸Promoter pledge is zero.
- ▸ROCE is 22.7%.
Trust risks
- ▸Only 1 years of positive FCF.
- ▸ROCE trend is -20.3%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
- ▸OPM spread across recent quarters is 28%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 11.30
- P/B
- 1.80
- EV/EBITDA
- 7.55
- Market Cap
- 137.00Cr
Profitability
- ROE
- 17.30%
- ROCE
- 22.70%
- ROA
- 11.76%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 43.00%
- EPS 5Y
- 77.00%
- Revenue 3Y
- 27.00%
- EPS 3Y
- 68.00%
Balance Sheet
- Debt/Equity
- 0.18
- Interest Coverage
- 19.00×
- Altman Z
- 5.40
- Book Value
- 40.40
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- —
- EPS TTM
- 6.44
Shareholding
- Promoter Hold
- 68.85%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 4%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
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Peers
Business-comparable names in Industrials, ranked by similarity
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.