Investor presentationJul 2026
Jul 2026 · Reply to Clarification- Financial results 10 July 2026 - Company clarified financial results, added notes to accounts, and restated presentation in thousands for 31 March 2026.
Source: Nse
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.
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:50 pm ISTDetails
Quote19 Oct, 05:50 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result01 Jun, 08:24 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
33Bearishfull bear SMA stack · SMA20 -2.4% / mo · RSI oversold · MACD − · near 52W low
Stock trend: 22
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ENVIROD candles · FIT view-49.7%Latest close ₹55.85 on 2026-10-19
Bar
-7.7%
RSI
28
MACD hist
-1.19
52W pos
1%
2026-10-19O ₹60.50H ₹61.05L ₹54.80C ₹55.85Vol 1.5L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ENVIRONifty India ManufacturingNifty 500
- ENVIRO
- -27.0%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -21.4 pp
Chart stats
19 Oct 2026- From 52W high
- -67.5%
- 52W range position
- 1%
- ATR (14)
- 7.3%
- Volume vs 20D
- 4.15x
- Avg traded value
- ₹0.3 Cr
- 20D price channel
- ₹54.8 - ₹76
₹172
₹54.8 - ₹172
₹4.1
Latest completed session
20-session average
83.7% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · UNDERVALUED69
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +14.3% · PAT -33.3% YoY
Technical
Bearish33
Price trend and sector-relative-strength timing.
Valuation
Legacy model+77.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence66
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Bad · 0/100PAT -33% YoY · margin compression · Rev +14% YoY · +23% QoQ
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹32 Cr | +14.3% | +23.1% |
| EBITDA | ₹10 Cr | NDF | +11.1% |
| Operating margin | 32.0% | NDF | -100 bps |
| PAT | ₹6 Cr | -33.3% | +0.0% |
| PAT margin | 18.8% | NDF | -433 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 9.62
- P/B
- 1.53
- EV/EBITDA
- 6.50
- Market Cap
- 116.00Cr
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
- 9.50×
- Altman Z
- 4.91
- Book Value
- 40.40
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- —
- EPS TTM
- 6.44
Shareholding
- Promoter Hold
- 69.78%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 4%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 58.0+23.4% vs prev
Net Profit
₹ CrLatest: 12.0-14.3% vs prev
Return on Equity
%Latest: 15.8-27.8% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 28.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~2.4% over last month) — short-term momentum negative.
- RSI(14) at 28 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 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.
Nifty 500 leadership
Relative Strength & Trend Stage
3
RS percentile
Stage 4 Downtrend
1M return
-15.4%
3M return
-27.0%
6M return
-50.9%
1Y return
-63.1%
RS 1D
-1
RS 20D
-1
Sector rank
#2
Industry rank
#69
Stage evidence
- Price is 33.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -5.0%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
257 observations
19 Oct 2026Value 38.18-8.99%
RS vs Nifty 50038
Valuation & peers
U-Score 69 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 69 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · UNDERVALUEDValuation28/30
Growth24/25
Quality10/20
Balance Sheet11/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
-7
Raw sum
69
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
69/100 · legacy band UNDERVALUED
Positive drivers
- Fair-value margin of safety is positive at 77.9%.
- Growth contributes 24/25 to the score.
- Valuation contributes 28/30 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 10/20; verify the latest quarterly trend.
Sector valuation model
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.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
9.6
PB
1.5
EV/EBITDA
6.5
ROE
17.3%
ROCE
22.7%
FCF Yield
—
Debt/Equity
0.2
MoS
+77.9%
Score movement
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.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
69
Previous: 69
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+77.9%
Previous: +77.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
66
66
66
66
66
69
68
68
68
68
69
69
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹76.51
+27.0% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹253.09
+77.9% MoS
PEG
0.13
Comparable companies
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.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
AARADHYA
SME
Aaradhya Disposal Industries Ltd.
Environmental Services
match 54
32
29.4
11.3%
+25%
WATCHLIST
BANKA
Small
Banka BioLoo Limited
Environmental Services
match 47
7
120.0
1.7%
-9705%
OVERVALUED
GPECO
SME
GP Eco Solutions India Ltd.
Environmental Services
match 44
68
12.2
45.8%
+70%
UNDERVALUED
DENTA
Small
Denta Water and Infra Solutions Limited
Environmental Services
match 42
64
13.1
13.3%
+68%
UNDERVALUED
CEWATER
Small
Concord Enviro Systems Limited
Environmental Services
match 39
27
119.0
4.5%
-155%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-07-05T07:44:57.303Z
Management commentary snapshot
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.
Growth engines
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.
Capacity and execution
New Factory
New factory partially operational.
Tailwinds
Anticipated Defence Orders
Some large defence orders are expected soon.
Management accountability
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.
Analyst reading lens
Compare YOY
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.
Sector KPIs management disclosed
Order Book
Order book as of 1st May 2026 is of Rs. 30+ crores.
Capacity Status
New factory partially operational.
Management forward view
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.
Thesis monitor
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.
Trust Score
66Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: 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.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
10 docs text-extracted · 4 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
49th percentile
overall median 67 · Industrials: 47th pctile, median 68 · SME: 60th pctile, median 64
Evidence depth
Financial-only
10 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read 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.
Promoter
86
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
72
acceptable · capital discipline
Results
38
weak · quarterly consistency
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.
Continue researching Envirotech Systems Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationJun 2026
Jun 2026 · PPT
Source: Nse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Nse
Annual report
Annual Report 2026
Source: Nse
Annual reportMar 2026
Sep 2026 · Copy of Newspaper Publication 7 Sep - Submitted newspaper ads for 19th AGM on 28 September 2026; notice and FY26 annual report dispatched.
Source: Nse
Concall transcriptNov 2025
Nov 2025 · Transcript
Source: Nse
Investor presentationNov 2025
Nov 2025 · PPT
Source: Nse
Investor presentationMay 2025
May 2025 · PPT
Source: Nse
Concall transcriptMay 2025
May 2025 · Transcript
Source: Nse
Annual report
Annual Report 2025
Source: Nse
Investor presentationNov 2024
Nov 2024 · PPT
Source: Nse
Concall transcriptNov 2024
Nov 2024 · Transcript
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.