Envirotech Systems Limited (ENVIRO)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Envirotech Systems' revenue was ₹32.0 Cr (+3.2% year on year, +22.9% on the previous half-year), and net profit ₹6.0 Cr (-45.5% year on year); the operating margin was 31.2%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹32.0 | +3.2% | +22.9% |
| Operating profit | ₹10.0 | -9.1% | +15.6% |
| Net profit | ₹6.0 | -45.5% | +0.4% |
| EPS (₹) | 3.26 | -45.4% | +2.5% |
| Operating margin | 31.2% | — | — |
ENVIRO delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 84.16% of the ENVIRO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 72.02%. That is close to its usual level. Turnover was only ₹63 lakh, so a handful of trades can move this figure. It traded 2.9 times its average daily volume. 3 bulk or block deals were reported in ENVIRO in the last 60 days: ₹0.71 Cr bought and ₹1 Cr sold.
Delivery in the last 5 sessions: 80.0% · 66.7% · 83.3% · 77.5% · 84.2%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 15 Oct | Sell | Abundantia Capital Vcc - Abundantia Capital Iii | ₹0.60 Cr | ₹59.98 | 100,000 | Bulk |
| 6 Oct | Buy | Mansi Share And Stock Broking Private Limited | ₹0.71 Cr | ₹71.00 | 100,000 | Bulk |
| 6 Oct | Sell | Bhavin Yashodhan Mehta | ₹0.71 Cr | ₹71.00 | 100,000 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Envirotech Systems has secured a domestic purchase order worth ₹2.27 crore (inclusive of taxes) from Utkal Alumina International Limited. The scope includes ₹2.25 crore for the supply and servicing of acoustic enclosures and curtains, and ₹1.59 lakh for erection and commissioning. Against the company's TTM revenue of ₹105 crore, this contract represents approximately 2.16% of annual turnover. Execution is scheduled in phases, with shipments concluding by January 16, 2027, and full commissioning by June 30, 2027.
- Total order value is approximately ₹2,26,71,576 inclusive of all taxes
- Supply component accounts for ₹2,25,12,276 while erection and commissioning constitutes ₹1,59,300
- Shipments to be completed in two tranches by December 31, 2026, and January 16, 2027
- Final installation, erection, and commissioning targeted for completion by June 30, 2027
Envirotech Systems Limited disclosed an insider trading filing reporting that promoter and director Manoj Kumar Gupta purchased 9,000 equity shares on September 29, 2026, through an open market transaction. The acquisition marginally increases promoter ownership, which stood at 68.85% as of March 2026. The financial transaction value was not specified in the intimation text.
- Promoter Manoj Kumar Gupta acquired 9,000 equity shares
- Shares purchased via open market on September 29, 2026
- Disclosure filed under Regulation 7(2) of SEBI PIT Regulations on September 30, 2026
Envirotech Systems Limited disclosed the voting results and Scrutinizer's report for its 19th Annual General Meeting held on September 28, 2026. All seven resolutions were approved with requisite majorities, including the adoption of FY2026 audited financial statements, the appointment of Manoj Kumar Gupta as Managing Director, and the appointment of statutory and secretarial auditors. Additionally, shareholders passed special resolutions to shift the registered office from Delhi to Uttar Pradesh and to amend the Employee Stock Option Plan 2025. Total votes polled on standard resolutions stood at 13,053,220 shares (69.47% turnout), with over 99.9% in favor.
- All 7 resolutions passed with requisite majority at the 19th AGM held on September 28, 2026
- Overall voter turnout reached 69.47% (13,053,220 votes polled out of 18,790,000 shares) for Resolution 1
- Approval granted for shifting registered office from NCT of Delhi to the State of Uttar Pradesh via Special Resolution
- Amendments to Envirotech Systems Limited Employees Stock Option Plan 2025 approved by 99.94% votes cast in favor
- Appointment of Manoj Kumar Gupta as Managing Director approved with 93.83% of non-promoter votes in favor (promoter group did not vote)
Envirotech Systems Limited disclosed that promoter and director Manoj Kumar Gupta acquired 6,000 equity shares through an open market purchase on September 22, 2026. The disclosure was submitted pursuant to Regulation 7(2) of the SEBI Prohibition of Insider Trading Regulations. Prior to this purchase, the total promoter group held approximately 68.85% of the company as of March 2026.
- Promoter Manoj Kumar Gupta bought 6,000 equity shares via the open market
- Acquisition took place on September 22, 2026
- Form C disclosure submitted under SEBI PIT Regulation 7(2) on September 23, 2026
Envirotech Systems Limited has secured a domestic purchase order valued at ₹2,92,50,000 (exclusive of taxes) from Gainwell Commosales Private Limited. The scope includes ₹2.775 Cr for the supply and installation of acoustic enclosures for two 3000 KVA CAT DG sets and ₹0.15 Cr for installation at the Sify Infinity Data Centre project. While positive, the contract value represents approximately 2.8% of the company's TTM revenue of ₹105 Cr.
- Total domestic purchase order value of ₹2,92,50,000 (exclusive of taxes)
- ₹2,77,50,000 allocated for supply and installation of acoustic enclosures for 2 CAT DG sets (3000 KVA each)
- ₹15,00,000 allocated towards acoustic enclosure installation for the Sify Infinity Data Centre project
- Awarded by Gainwell Commosales Private Limited with no promoter or related-party interest
Envirotech Systems has submitted an insider trading disclosure under SEBI PIT Regulation 7(2). Promoter and Director Manoj Kumar Gupta acquired 4,000 equity shares via open market purchase on September 17, 2026. The promoter group previously held a 68.85% stake as of March 2026. Given the company's annual revenue base of ₹105 crore, this is a minor open market transaction that slightly raises promoter alignment.
- Promoter and Director Manoj Kumar Gupta purchased 4,000 equity shares.
- The transaction took place via the open market on September 17, 2026.
- Disclosure submitted pursuant to Regulation 7(2) read with Regulation 6(2) of SEBI PIT Regulations on September 18, 2026.
Envirotech Systems has issued a corrigendum regarding insider trading disclosures under SEBI PIT Regulations. Promoter and Director Manoj Kumar Gupta acquired 9,000 equity shares on September 11, 2026, rather than the 10,000 shares reported previously on September 14, 2026. The revision represents a minor clerical correction of 1,000 shares and has negligible impact on promoter shareholding, which was 68.85% as of March 2026.
- Corrigendum amends promoter share acquisition count to 9,000 shares from 10,000 shares
- Acquisition date confirmed as 11th September, 2026 by Director & Promoter Manoj Kumar Gupta
- Original disclosure was dated 14th September, 2026; revised Form C submitted on 18th September, 2026
- Promoter shareholding stood at 68.85% as of March 2026
Envirotech Systems Limited has submitted a regulatory disclosure under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing was digitally signed on September 14, 2026. Specific details regarding the transacting party, volume of shares, and transaction value were not disclosed in the provided document excerpt. Currently, promoters hold a 68.85% stake in the company as of March 2026.
- Disclosure filed under Regulation 7(2) read with Regulation 6(2) of SEBI PIT Regulations, 2015
- Filing digitally signed by Avinash Prabhat on September 14, 2026
- Specific share quantity and transaction value not disclosed in the filing extract
Envirotech Systems Limited disclosed that promoter and director Manoj Kumar Gupta acquired 1,000 equity shares through an open market purchase on September 10, 2026. The regulatory disclosure was submitted pursuant to SEBI PIT Regulations on September 12, 2026. Given the company's TTM revenue of ₹105 crore and net worth of ₹76 crore, this transaction volume is immaterial in size. Promoter shareholding stood at 68.85% as of March 2026.
- Promoter Manoj Kumar Gupta purchased 1,000 equity shares via open market
- Transaction date was September 10, 2026
- Filing submitted under Regulation 7(2) read with Regulation 6(2) of SEBI PIT Regulations
- Prior promoter shareholding was 68.85% as of March 2026
Envirotech Systems has submitted a SEBI PIT Form C disclosure regarding an open market transaction by its promoter. Mr. Manoj Kumar Gupta, Director and Promoter, acquired 1,000 equity shares of the company on September 9, 2026. The transaction is small in volume compared to the total promoter holding of 68.85% as of March 2026.
- Promoter and Director Manoj Kumar Gupta acquired 1,000 equity shares
- Shares were purchased through the open market on September 9, 2026
- Disclosure submitted pursuant to Regulation 7(2) read with Regulation 6(2) of SEBI PIT Regulations
- Current overall promoter holding stood at 68.85% as of March 2026
Envirotech Systems Limited has issued notice for its 19th Annual General Meeting scheduled for September 28, 2026, via Video Conferencing. Key agenda items include adopting the FY2025-26 financial statements and approving the appointment of promoter Mr. Manoj Kumar Gupta as Managing Director for a 5-year term starting September 5, 2026. The company is also seeking shareholder approval to appoint M/s HCO & CO. as statutory auditors for five years and to shift its registered office from Delhi to Noida, Uttar Pradesh. Minor amendments regarding the direct administration and share issuance mode of its Employee Stock Option Plan are also on the ballot.
- 19th Annual General Meeting scheduled for September 28, 2026 at 01:00 PM IST via Video Conferencing.
- Appointment of Mr. Manoj Kumar Gupta (holding 91,53,650 shares) as Managing Director for a 5-year term from September 5, 2026 to September 4, 2031.
- Proposed appointment of M/s HCO & CO., Chartered Accountants, as Statutory Auditors for a 5-year term until FY 2031-32.
- Special resolution proposed to shift the registered office from NCT of Delhi to Noida, Uttar Pradesh, subject to Regional Director approval.
Envirotech Systems Limited has scheduled its 19th Annual General Meeting for September 28, 2026, via Video Conferencing, with the voting cut-off date fixed as September 21, 2026. The Board approved the appointment of Mr. Manoj Kumar Gupta as Managing Director for a 5-year term ending September 4, 2031, subject to shareholder approval. Additionally, the Board recommended the appointment of M/s. HCO & Co. as Statutory Auditors for a 5-year term up to FY 2031-32. Other key proposals include shifting the registered office from Delhi to Uttar Pradesh and amendments to the Employee Stock Option Plan 2025.
- 19th Annual General Meeting scheduled for Monday, September 28, 2026 at 01:00 P.M. (IST) via VC/OAVM
- Voting eligibility cut-off date set for Monday, September 21, 2026; remote e-voting period runs from September 25 to September 27, 2026
- Proposed appointment of Mr. Manoj Kumar Gupta as Managing Director for a 5-year term from September 05, 2026 to September 04, 2031
- Appointment of M/s. HCO & Co., Chartered Accountants, as Statutory Auditors for a 5-year term from the 19th AGM to the 24th AGM (FY 2031-32)
- Approved shifting of the Registered Office from NCT of Delhi to Uttar Pradesh subject to statutory and shareholder approvals
Envirotech Systems Limited informed the exchange that Promoter and Director Manoj Kumar Gupta acquired 2,000 equity shares of the company via open market on August 31, 2026. The transaction was disclosed under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Given the modest transaction volume of 2,000 shares, the acquisition represents a negligible percentage change to the existing promoter holding of 68.85%.
- Promoter Manoj Kumar Gupta acquired 2,000 equity shares via open market
- Acquisition took place on August 31, 2026
- Disclosure submitted under SEBI PIT Regulation 7(2) on September 01, 2026
Envirotech Systems Limited has submitted a regulatory disclosure regarding an insider transaction under SEBI (PIT) Regulations. Promoter and Director Mr. Manoj Kumar Gupta acquired 6,000 equity shares of the company through an open market purchase on August 26, 2026. The acquisition slightly reinforces promoter commitment, alongside an existing promoter holding of approximately 68.85%.
- Promoter and Director Manoj Kumar Gupta acquired 6,000 equity shares
- Acquisition was executed via open market purchase on August 26, 2026
- Filing submitted under Regulation 7(2) of SEBI (PIT) Regulations on August 27, 2026
- Current overall promoter holding stands stable at ~68.85%
Envirotech Systems Limited has received a Form C disclosure under SEBI (Prohibition of Insider Trading) Regulations from its Promoter and Director, Mr. Manoj Kumar Gupta. The promoter acquired 3,000 equity shares through an open market transaction on August 25, 2026. With promoter holding already standing at 68.85% as of March 2026, this acquisition represents a minor incremental addition to the insider stake.
- Acquisition of 3,000 equity shares by Promoter & Director Mr. Manoj Kumar Gupta
- Shares purchased via open market on August 25, 2026
- Disclosure submitted pursuant to SEBI PIT Regulation 7(2) on August 26, 2026
Financial Performance
Revenue Growth by Segment
Total revenue grew by 11.37% in FY2025 to INR 5,221.11 Lakhs compared to INR 4,687.95 Lakhs in FY2024. For H1 FY2026, the company reported a revenue increase of approximately 56% YoY. While specific segment percentages are not disclosed, the B2B segment remains the primary driver, with B2C currently in a 'preparation' phase for FY2026.
Geographic Revenue Split
Not specifically disclosed in percentage terms; however, the company notes risks associated with 'host countries' and 'immigration rules,' indicating international project exposure. Domestic operations are centered around its Delhi/Noida facilities.
Profitability Margins
Net Profit Ratio improved from 24.72% in FY2024 to 29.53% in FY2025. PAT margin for FY2025 stood at 26.92%, up from 24.38% in FY2024. This improvement is driven by operational efficiencies and a reduction in interest costs following debt repayment.
EBITDA Margin
EBITDA margin for FY2025 was 38.17%, an increase from 35.41% in FY2024. Core profitability remains healthy, though management anticipates slight margin pressure in H2 FY2026 due to increased salary and depreciation costs from the new factory.
Capital Expenditure
The company significantly increased its asset base, with Property, Plant, and Equipment rising 122% from INR 1,241.84 Lakhs in Sep 2024 to INR 2,759.66 Lakhs in Sep 2025. This was primarily funded by IPO proceeds for the acquisition of a new 88,000 sq. ft. factory.
Credit Rating & Borrowing
The company achieved a substantial reduction in borrowing costs by using IPO proceeds to fully repay long-term debt. Long-term borrowings decreased by 88.4% from INR 666.37 Lakhs in Sep 2024 to INR 77.18 Lakhs in Sep 2025.
Operational Drivers
Raw Materials
Specific raw materials like steel, glass, or insulation fibers are not named with individual cost percentages, but 'materials' are noted as a primary cost. The company transitioned to cash purchases to secure cash discounts, which increased average trade payables by 63.20%.
Key Suppliers
Not disclosed in available documents; however, the company notes a dependency on third-party associates and vendors for ancillary services.
Capacity Expansion
Current capacity is 21,520 sq. ft. (100% utilized). The company is expanding to a total of 121,520 sq. ft. (a 464% increase) through a new factory that became partially operational in July 2025 and is expected to be fully operational within FY2026.
Raw Material Costs
Raw material procurement strategy shifted to cash-based to take advantage of discounts. Inventory levels increased as the company stocked up for the new factory, causing the Inventory Turnover Ratio to decrease by 58.24% from 39.96 to 16.69.
Manufacturing Efficiency
Capacity utilization at the old unit was 100% in FY2024 and FY2025. The new facility is expected to significantly improve throughput and allow for more complex engineering work that was previously limited by machine availability.
Strategic Growth
Expected Growth Rate
56%
Growth Strategy
Growth will be achieved through a 5x capacity expansion (100,000 sq. ft. new facility), a new foray into the B2C market for soundproof doors and windows, and an e-commerce initiative. The company is also focusing on high-margin defense sector projects and collaborations with IIT and CKM Taiwan.
Products & Services
Acoustic products, noise control solutions, soundproof doors, soundproof windows, and specialized engineering for acoustic needs in defense and power sectors.
Brand Portfolio
Envirotech Systems Limited.
New Products/Services
B2C soundproof windows and doors are being launched, supported by a new e-commerce platform expected to go live within FY2026.
Market Expansion
Expansion into the B2C segment and e-commerce to reach end-users directly, moving beyond traditional B2B project-based revenue.
Strategic Alliances
Collaborations with IIT and CKM Taiwan to enhance technical capabilities and product innovation.
External Factors
Industry Trends
The industry is seeing a shift toward specialized acoustic needs in defense and urban infrastructure. Envirotech is positioning itself by expanding capacity 5x and adopting digital infrastructure to leverage these trends.
Competitive Landscape
The company operates in a niche acoustic engineering market with increasing competition in the B2C soundproofing segment.
Competitive Moat
The company's moat is built on its specialized capability to provide noise control solutions across multiple domains and its new large-scale manufacturing capacity which competitors may lack. This is sustained by technical collaborations with institutions like IIT.
Macro Economic Sensitivity
High sensitivity to macroeconomic conditions, which management cites as a factor that could influence the achievement of H2 FY2026 revenue targets.
Consumer Behavior
Increasing demand for soundproofing in residential (B2C) settings is driving the company's e-commerce and retail expansion.
Geopolitical Risks
Risks include unanticipated modifications in immigration rules and policy frameworks by host countries, which could impact the company's ability to deploy personnel for international projects.
Regulatory & Governance
Industry Regulations
The company must comply with local regulations for factory expansion (e.g., expanding from 88,000 to 100,000 sq. ft.) and acoustic standards for defense and industrial projects.
Taxation Policy Impact
Current tax for H1 FY2026 was not explicitly totaled, but the company complies with standard Indian corporate tax rates. Deferred tax liability stood at INR 24.12 Lakhs as of Sep 2025.
Legal Contingencies
The company reported zero pending litigations that would impact its financial position as of March 31, 2025.
Risk Analysis
Key Uncertainties
Project execution risks including cost and time overruns, and potential resurgence of global health crises which could impact site-based work.
Geographic Concentration Risk
While specific percentages are not given, the company has a dependency on host country policies, suggesting a portion of revenue is tied to specific international regions.
Third Party Dependencies
Dependency on third-party associates and vendors for ancillary services is cited as a principal risk.
Technology Obsolescence Risk
The company is mitigating technology risks by investing in software capabilities and digital infrastructure as part of its IPO fund deployment.
Credit & Counterparty Risk
Trade receivables turnover ratio decreased by 32.67% to 2.08 in FY2025 because the company undertook orders with higher credit periods, increasing counterparty credit exposure.
