- POSITIVE
Annual Revenue SFC Environmental Technologies Mar-2026 Annual Revenue is Rs 578 Cr which is growth of 14.5% YoY.
- POSITIVE
Annual Net Profit SFC Environmental Technologies Mar-2026 Annual Net Profit is Rs 134 Cr which is growth of 3.5% YoY.

SFC Environmental Technologies Ltd. IPO Details
SFC Environmental Technologies Ltd. was incorporated on March 29, 2005. The company is an environmental technology provider specializing in efficient wastewater and solid waste treatment solutions. The company's core operations include design, technology, manufacturing, supply, and supervision for wastewater treatment equipment installation and commissioning
| Bidding Dates |
|---|
| 27 Oct 2026 - 29 Oct 2026 |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,085 | 1 | 13 | 45 | 20.2 M | ₹313 - ₹330 | 41.18 % | ₹6,331.4 M - ₹6,675.3 M | RHP DOC |
SFC Environmental Technologies issue details
SFC Environmental Technologies has 20.2 M shares on offer
SFC Environmental Technologies IPO offer price is in the range ₹313 - ₹330
SFC Environmental Technologies IPO minimum Investment is ₹14085
SFC Environmental Technologies IPO issue size is ₹ 6,331.4 M - ₹ 6,675.3 M
SFC Environmental Technologies has a minimum lot size of 45 Shares per application
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
SFC Environmental Technologies IMPORTANT IPO DATES
| Issue Open Date | 27 Oct 2026 |
| Issue close Date | 29 Oct 2026 |
| Allotment Date | 30 Oct 2026 |
| Refund Date | 02 Nov 2026 |
| Demat Account Credit Date | 02 Nov 2026 |
| Listing Date | 03 Nov 2026 |
| Listing on Exchange(s) | NSE and BSE |
SFC Environmental Technologies IPO subscription opens on 27 Oct 2026, and closes on 29 Oct 2026
IPO allotment for SFC Environmental Technologies is expected to be finalized on Friday, 30 Oct 2026
IPO listing for SFC Environmental Technologies will be on NSE and BSE on Tuesday, 03 Nov 2026
SFC Environmental Technologies NUMBER OF SHARES ON OFFER
SFC Environmental Technologies FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY27 | 133.9 | 1.5 | -21.3 | -23.0 | 7.4% |
| Q1FY26 | 67.8 | -0.3 | 32.1 | 26.1 | 7.4% |
| FY26 | 803.6 | 160.2 | -25.8 | -39.1 | 29.3% |
| FY25 | 697.9 | 152.0 | 65.5 | 51.9 | 29.7% |
| FY24 | 657.5 | 144.2 | -11.7 | -35.9 | 29.4% |
SFC Environmental Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SFC Environmental Technologies Ltd. | 330 | 3232.6 | 20.9 | 2.9 | 3.9 | 19.2 | 11.7 | 821.3 | 13 | 154.4 | 7.2 | 15.8 | 7.2 |
| Bharat Heavy Electricals Ltd. | 387.5 | 134930 | 46.9 | 0.1 | 3.6 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 8.3 | 415.4 |
| ABB India Ltd. | 6140 | 130111.8 | 43.5 | 9.6 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| CG Power and Industrial Solutions Ltd. | 813.4 | 128141.2 | 93.2 | 3.2 | 9.4 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 8.7 | 28.7 |
| Hitachi Energy India Ltd. | 26300 | 117225.4 | 101.9 | 0.8 | 12.8 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Siemens Ltd. | 3245.2 | 115568.2 | 35.3 | 1 | 6.3 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 92 | 33.7 |
SFC Environmental Technologies annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 |
|---|---|---|---|---|---|---|---|
10.6% | 578.5 | 505.3 | 546.2 | 427.2 | 405.1 | ||
Operating Exp. Ann. | 7.7% | 370.5 | 314.3 | 350.1 | 296.6 | 288 | |
Operating Profit Ann. | 17.7% | 188.4 | 160.1 | 171.9 | 115.4 | 101 | |
OPM Ann. % | 6.4% | 32.57% | 31.69% | 31.46% | 27.01% | 24.94% | |
9.3% | 398.1 | 329.9 | 363.7 | 304.6 | 294.6 | ||
EBITDA Ann. | 16.8% | 208 | 191.1 | 196.1 | 130.6 | 117.1 | |
EBITDA Ann. margin % | 5.6% | 35.96% | 37.81% | 35.91% | 30.57% | 28.90% | |
Interest Ann. | 38.8% | 9.1 | 7 | 6.6 | 3.4 | 2.5 | |
Depr. | 57.9% | 18.5 | 8.6 | 7 | 4.7 | 4.1 | |
PBT Ann. | 13.7% | 180.4 | 175.5 | 182.5 | 122.6 | 110.5 | |
Tax Ann. | 13.2% | 46.3 | 45.9 | 47.8 | 31.9 | 29.1 | |
13.9% | 134.1 | 129.6 | 134.7 | 90.7 | 81.4 | ||
Net Profit Ann. | 13.9% | 134.1 | 129.6 | 134.7 | 90.7 | 81.4 | |
NPM Ann. % | 2.9% | 24.00% | 27.31% | 25.80% | 22.01% | 20.93% | |
EPS Adj. latest Ann. | 13.8% | 13.7 | 13.2 | 13.8 | 9.3 | 8.3 |
SFC Environmental Technologies INFORMATION ON IPO ISSUE
About SFC Environmental Technologies
SFC Environmental Technologies Ltd. was incorporated on March 29, 2005. The company is an environmental technology provider specializing in efficient wastewater and solid waste treatment solutions. The company's core operations include design, technology, manufacturing, supply, and supervision for wastewater treatment equipment installation and commissioning
Object of the Issue
- Prepayment of all or a portion of certain outstanding borrowings availed by the company and its wholly-owned subsidiary, Vasudha Waste Treatment
- Funding working capital requirements
- General corporate purposes
SFC Environmental Technologies - PROMOTERS
| Name |
|---|
| Sandeep Sudhakar Asolkar |
| Priya Sandeep Asolkar |
| Saketchandrasingh Pratapsingh Dhandoriya |
SFC Environmental Technologies - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sandeep Sudhakar Asolkar | Chairman & Managing Director |
| Chandrakant Vallabhaji Gogri | Non-Executive Director |
| Sarvesh Kumar Garg | Executive Director |
| Saketchandrasingh Pratapsingh Dhandoriya | Additional Executive Director |
| Neha Rajen Gada | Additional Non-Executive Independent Director |
| Satish Chandrashekhar Deshpande | Additional Non-Executive Independent Director |
| Nandkishor Trivikram Joshi | Additional Non-Executive Independent Director |
| Dilip Damodar Karambelkar | Additional Non-Executive Independent Director |
SFC Environmental Technologies Book Running Lead Manager
IIFL Capital Services Limited
sfc.ipo@iiflcap.com
JM Financial Limited
sfc.ipo@jmfl.com
Nuvama Wealth Management Limited
sfc.ipo@nuvama.com
SFC Environmental Technologies Registrar to the Offer
Link Intime India Private Limited
sfcenvironmental.ipo@linkintime.co.in
SFC Environmental Technologies Strengths
Technology driven
With 621 installations, primarily in sewage treatment plants (STPs), the company holds over 80% market share in SBR technology, a leading wastewater treatment method in India
In-house technology
The company's in-house technologies, including C-Tech and OREX, are crucial to its growth. C-Tech, a proprietary technology, offers significant cost, space, and environmental benefits over conventional systems
Strong order book
The company has built strong, long-term relationships with customers, demonstrated by recurring business engagements. Continuous service to prominent industry players highlights the trust in its expertise and reliable solutions
SFC Environmental Technologies Risks
Dependent on technology
The company’s revenues and operations depend on technology. Failure to innovate, upgrade, or develop new technologies could negatively impact operations, and inability to adapt to technological advancements could harm competitiveness
Dependent on few customers
A significant portion of revenue comes from the top 10 customers, and the lack of long-term contracts with most of them poses a risk. If any of these customers choose to stop sourcing from the company or terminate contracts, it could adversely affect the business and financial condition
Under-utilization of capacities
Under-utilization of manufacturing and waste treatment capacities could negatively impact the business, prospects, and future financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 517.5 crore, of 15,682,750 shares. It also consists of a fresh issue of Rs 150.0 crore.
The promoters of the company are Sandeep Sudhakar Asolkar, Priya Sandeep Asolkar and Saketchandrasingh Pratapsingh Dhandoriya.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 313.0 - 330.0.
The IPO application opens on Oct 27, 2026 and closes on Oct 29, 2026.
The minimum lot size for the IPO is 45. The maximum lot size for the IPO is 585.
For all category investors, the minimum application amount for this IPO is Rs. 14,085.0, the maximum value for this IPO is Rs 193,050.0.
This IPO will be allotted on Oct 30, 2026.
The refund will be credited to your account on Nov 02, 2026.
The allotted shares will be credited to your demat on Nov 02, 2026.
SFC Environmental Technologies Ltd.’s shares will list on the stock exchanges on Nov 03, 2026.
