SFC Environmental Technologies Ltd. IPO Review, Financial Analysis & Valuation

Incorporated in March 2005, SFC Environmental Technologies Limited is an environmental technology company providing solutions for wastewater treatment, wastewater recycling and reuse, and solid waste treatment. Its wastewater business primarily uses proprietary C-Tech sequencing batch reactor technology, while its recycling solutions include ultrafiltration, reverse osmosis, and membrane bioreactor technologies. As of July 31, 2026, the Company had commissioned 728 wastewater treatment installations, facilitating the treatment of 17,511.11 million litres of wastewater per day. Its solid waste treatment business uses proprietary OREX technology to recover biodegradable organic matter and support biogas generation and resource recovery. The Company operates across 23 states and five Union Territories in India, with two integrated solid waste treatment facilities in Goa having a combined capacity of up to 425 tonnes per day. Through its subsidiary, it has secured orders for compressed biogas plants in Assam and Odisha worth ₹5,017 million and expanded into agricultural waste and biomass projects. Its diversified customer base includes EPC companies, municipal bodies, and government-owned entities. Supported by 264 employees, including 149 engineers as of August 31, 2026, the Company aims to expand its wastewater recycling, compressed biogas, and waste-to-energy businesses.