Industrials Products Company Bags New Order Worth Rs 1,09,00,000 From DC Development Noida Ltd
The company has a market cap of Rs 193 crore and the stock is up by 15 per cent from its 52-week low of Rs 89.05 per share.
Envirotech Systems Limited has secured a significant domestic service order from DC Development Noida Ltd., an Adani Group company, to design and supply, install, test, and commission (SITC) weather louvers for the Noida Data Center Project. The order, valued at approximately ₹1.09 crores (exclusive of taxes), is expected to be executed within a timeframe of 10 weeks. This contract underscores Envirotech's capabilities in providing specialized environmental solutions to large-scale infrastructure projects within the domestic market.
Envirotech Systems Ltd, established in 1997, operates as a specialized acoustic insulation company, delivering tailored soundproofing solutions across a broad spectrum of industries. The company's core business lies in acoustic engineering, encompassing noise measurement and control, primarily serving industrial and commercial clients through a B2B model. With a track record of over 2,000 completed projects, Envirotech Systems Ltd offers a comprehensive range of products, including acoustic enclosures, noise booths, engine test room acoustics, anechoic and semi-anechoic chambers, noise barriers, acoustic louvers and doors, and fire-retardant metal acoustic doors.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Their product portfolio caters to diverse user industries such as construction, public transport, energy and utilities, music, sports and public events, airports and helIPOrts, mining, oil and gas, and hospitals and schools. Envirotech Systems Ltd's clientele includes prominent organizations like Cinepolis, Vivo, NCRTC, Hero, JSW Steel, Daikin, ISRO, HUL, Maruti, HAL, and LG, reflecting their extensive market reach and expertise in providing effective noise control solutions.
The shares of the company have an ROE of 87 per cent and an ROCE of 74 per cent. The company has a market cap of Rs 193 crore and the stock is up by 15 per cent from its 52-week low of Rs 89.05 per share.
Disclaimer: The article is for informational purposes only and not investment advice.