What’s new

• Management targets ₹80 crore of execution from its ₹95 crore order book in FY27.
• Sachin CETP is 70% complete, set for ₹80 lakh/month recurring revenue from March 2027.
• GS-FBR technology got a positive patent report, creating a licensing path.

Why it matters

This concall was the first public blueprint for a company moving from building projects to owning them. The Sachin CETP is the test case: ₹10 crore in deposits are already in hand, and the cash flows start next year. For a micro-cap, that is a real, near-term earnings anchor.

What we’re watching

• March 2027 start-up and the first months of recurring CETP revenue.
• Conversion of the ₹600+ crore bid pipeline into firm order wins.
• Whether the GS-FBR patent status progresses toward licensing deals.

The full read

Greenleaf Envirotech used its first public concall to reframe its future. Revenue jumped 56% to ₹60.6 crore in FY26, with PAT up 57.5% to ₹7.2 crore. That gave management a platform. The core message was the shift from building projects to owning them. The Sachin CETP is 70% complete. From March 2027 it will generate ₹80 lakh per month in recurring revenue. Phase 1 has already collected ₹10 crore from 80 textile units. A Phase 2 expansion is expected to nearly double that annuity. The company is guiding for ₹80 crore of execution from its ₹95 crore order book this year. A positive patent report for its GS-FBR technology opens a potential licensing track. The combined bid pipeline sits at over ₹600 crore. Management stuck to 15-20% EBITDA margin guidance but kept CETP-specific margins confidential. The numbers are concrete. The proof will come in the cash flows.

Primary source: NSE