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₹91Cr
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Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

TECHKGREEN
VS
| Quarter | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | 24.1 |
| 8 | 15 | 12 |
Operating Profit Operating ProfitCr |
| 40.3 | 23.6 | 30.1 |
Other Income Other IncomeCr | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 1 |
| 5 | 5 | 5 |
| 1 | 0 | 1 |
|
Growth YoY PAT Growth YoY% | | | -21.3 |
| 28.0 | 19.4 | 17.8 |
| 5.2 | 5.1 | 4.1 |
| Financial Year | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 40.7 | 9.9 |
| 15 | 23 | 27 |
Operating Profit Operating ProfitCr |
| 37.8 | 30.4 | 26.6 |
Other Income Other IncomeCr | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 1 | 1 |
| 9 | 9 | 10 |
| 2 | 2 | 1 |
|
| | 23.8 | -10.4 |
| 26.1 | 22.9 | 18.7 |
| 8.3 | 10.3 | 9.2 |
| Financial Year | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 7 | 7 |
| 20 | 28 |
Current Liabilities Current LiabilitiesCr | 2 | 2 |
Non Current Liabilities Non Current LiabilitiesCr | 0 | 3 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 16 | 20 |
Non Current Assets Non Current AssetsCr | 14 | 20 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -5 | 7 |
Investing Cash Flow Investing Cash FlowCr | -6 | -10 |
Financing Cash Flow Financing Cash FlowCr | 13 | 3 |
|
Free Cash Flow Free Cash FlowCr | -11 | -4 |
| -81.2 | 89.1 |
CFO To EBITDA CFO To EBITDA% | -56.0 | 67.1 |
| Financial Year | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 131 | 93 |
Price To Earnings Price To Earnings | 21.5 | 12.3 |
Price To Sales Price To Sales | 5.6 | 2.8 |
Price To Book Price To Book | 4.7 | 2.6 |
| 14.6 | 9.4 |
Profitability Ratios Profitability Ratios |
| 106.0 | 91.2 |
| 37.8 | 30.4 |
| 26.1 | 22.9 |
| 31.5 | 24.9 |
| 22.0 | 21.4 |
| 20.4 | 18.9 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Techknowgreen Solutions Ltd (TSL), headquartered in Pune, India, is a leading integrated environmental, sustainability, and research services company with over two decades of experience. Founded in April 2001 by Dr. Ajay Ojha and Dr. Prasad Pawar, and later joined by Dr. Aniket Kadam, TSL has evolved into one of India’s first end-to-end providers of environmental solutions—combining **regulatory compliance, technology execution, research & innovation, and digital compliance platforms** under a single umbrella.
TSL went public in **September 2023** on the BSE SME platform through an IPO raising ₹167.2 million (~$20M USD), marking a significant milestone in its strategic growth and market visibility. As of 2025, the company operates across four core verticals and has expanded its footprint domestically and internationally, with subsidiaries in the **USA (Texas)** and **Singapore**.
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### **Core Business Verticals**
TSL organizes its services into four integrated verticals:
1. **Knowledge Consulting (Permitting & Sustainability):**
- Regulatory compliance, environmental impact assessments (EIA), industrial permitting, environmental due diligence, BRSR reporting, and full-project lifecycle support.
- Offers permitting solutions for complex assets such as **data centers**, **manufacturing plants**, and **infrastructure projects**.
- Accredited by **NABET** for EIA services across **17 sectors**, enhancing technical authority.
- Provides socio-economic studies, closure approvals, site selection, and PESO clearances for hazardous industries.
2. **Technology (Execution & InfoTech):**
- Develops and deploys proprietary environmental technologies such as **Yuka Yantra (air purification)** and **Circular Economic Wetland Technology (CEWT)**.
- Offers **AI-powered dashboards**:
- *Yuka Yantra Dashboard*: Real-time air pollution monitoring with predictive analytics.
- *SAFE IAQ Dashboard*: Indoor Air Quality (IAQ) monitoring for CO₂, PM2.5, and automated ventilation.
- Provides AI chatbot services for customer support and operational streamlining.
- Develops **SaaS-based compliance tools**, including the upcoming *Know Your Compliance (KYC)* platform.
3. **Research & Innovation (Engineering & Policy):**
- Conducts **applied research** with a focus on commercialization and market-ready solutions.
- Expertise in environmental engineering, circular economy frameworks, and **AI/robotics for monitoring and compliance**.
- Policy research in carbon markets, climate resilience, alternative fuels, and socio-economic impact assessments.
- Performs cost-benefit analyses to ensure innovations are technically sound and economically viable.
4. **Laboratory Services (TRL9.0):**
- Launched **Techknowgreen Research Laboratory 9.0 (TRL9.0)** in 2025—a state-of-the-art, **NABL-pending** facility for environmental testing, forensics, and climate research.
- Enhances **Technology Readiness Level (TRL) to 8**, enabling validation and commercialization of technologies like Yuka Yantra and CEWT.
- Offers services in microbiological testing, computational modeling, and climate impact assessments.
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### **Key Technologies & Innovations**
#### **Yuka Yantra – Proprietary Air Pollution Control System**
- A patented air purification technology approved by the **Maharashtra Technical Committee**, one of only four such systems in India.
- Unlike filter-based smog towers, it **treats pollution at the source** using self-regenerating catalytic technology and UV lamps, requiring minimal maintenance.
- Variants process **10,000–33,000 m³ of air/day**; priced between **₹10 lakhs – ₹50 lakhs/unit**.
- Commercialized with **22–25 units sold**, including 14 units installed at a major data center.
- Flagship model deployed at **Sion Circle, Mumbai**, demonstrating scalability in high-humidity urban environments.
#### **Circular Economic Wetland Technology (CEWT)**
- **Patented**, nature-based wastewater treatment using repurposed plastic bottles and natural grasses—zero-energy, low-maintenance, and decentralized.
- Deployed in industrial, residential, and municipal settings, including direct in-situ treatment of polluted **nallahs (drains)**.
- Commercial rollout includes a **2 million liters/day project** with **Ulhasnagar Municipal Corporation**.
- Recognized as a **low-cost, sustainable alternative** to conventional STPs, with no skilled manpower required.
#### **Digital & SaaS Platforms**
- **Know Your Compliance (KYC):** SaaS platform in beta, targeting **recurring revenue** through environmental compliance automation.
- **IDSS (Intelligent Decision Support System), ROCO, E-Catalyst:** Proprietary software tools used by Maharashtra Pollution Control Board (MPCB).
- All systems are IoT-enabled for real-time data monitoring and regulatory alerts.
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### **Market Positioning and Differentiation**
- Positioned as a **"single-window" provider** of environmental services, uniquely integrating **consultancy, execution, R&D, and digital tools**.
- One of India’s first firms to offer **"environmental IT" solutions**, combining technology with regulatory compliance.
- Strong intellectual property portfolio:
- Patent for **CEWT**
- Patent-pending for **Yuka Yantra**
- Accredited by **NABET**, ISO 9001:2015 certified, and empanelled with PWD and pollution control boards.
- High client retention (**over 75%**) with a diverse base of **500+ clients** across **18 sectors**, including:
- **Government & Municipalities** (Maharashtra Govt, Delhi Jal Board, MPCB)
- **MNCs** (NTT, Airtel, Singapore Telecom)
- **Data Centers** (Sterling & Wilson, Web Werks)
- **Industrial Clients** (CEAT Tyres, Star Alucast, IndoSpace)
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### **Strategic Growth Initiatives (2025 and Beyond)**
#### **1. Geographic Expansion**
- **Domestic:** Establishing regional offices in key Indian states to strengthen **local presence and talent acquisition**.
- **International:**
- Subsidiaries launched in **Singapore (May 2025)** and **Texas, USA (March 2025)**.
- Collaboration with **ABAM Engineers (Houston)** to deliver EPC services in the U.S.
- Partnership with **Ark Sustainable Technologies (Singapore)** for maritime and environmental monitoring solutions.
- Preparing for **GCC market entry**, with plans to establish a **local execution team in Saudi Arabia** within 12 months.
#### **2. Strategic Partnerships**
- **Sterling & Wilson Data Center:** Joint initiative to create a **"Planet-Positive Data Center Ecosystem"**, focusing on sustainable design, emissions reduction, and environmental impact mitigation.
- **Gujarat Institute of Desert Ecology (GUIDE):** Strategic alliance to expand into **desert ecology, afforestation, and marine services for ports and harbors**.
- **Munif Al Nahdi (Saudi Arabia):** Long-term partnership for co-developing environmental projects in the Gulf region.
#### **3. R&D and Innovation**
- TRL9.0 lab expected to generate **high-margin revenue (>30%)** from climate and compliance R&D projects.
- Active collaboration with **IITs and international universities** to advance carbon capture, AI-based monitoring, and circular economy models.
- Equity raise of **₹9 crore (2024)** allocated to **R&D and capital expenditures (80% to R&D)**.
#### **4. Revenue Diversification & Annuity Streams**
- Revenue mix: **73% private**, **27% government**.
- Breakdown by vertical:
- **Consultancy:** ₹18.0 Cr (₹15.15 Cr private, ₹2.82 Cr government)
- **Technology:** ₹6.39 Cr (₹6.11 Cr private, ₹0.28 Cr government)
- **R&D:** ₹8.76 Cr (₹2.88 Cr private, ₹5.88 Cr government) → **89.2% YoY growth** in R&D revenue.
- Building recurring revenue via:
- **Technical AMCs (Annual Maintenance Contracts)**
- **SaaS-based KYC platform**
- **Shared compliance resource model**
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### **Financial and Project Highlights (FY 2024–25)**
- **121 work orders** received; **₹23 crore in backlog** as of March 2025.
- Highest-value order: **₹3.64 crore (Web Werks)**; lowest: **₹15,000 (Andreas Sithl)**.
- Completed **80+ consultancy**, **15+ technology**, and **5+ research** projects in the year.
- Successfully executed **India’s first indoor air quality project** for Maharashtra government.
- Handled **hazardous spent catalyst waste disposal** for industrial clients.
- Entered **large-scale irrigation sector** via **Irrigation EC and Ela projects**.
- Initiated **carbon credit generation projects** with Star Alucast.
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### **Challenges & Strategic Responses**
| **Challenge** | **Response** |
|---------------|-------------|
| High talent attrition in green sector | Regional expansion to access local talent pools |
| Increasing project qualification requirements | Strengthening internal capabilities and certifications |
| Rising competition for large contracts | Focus on strategic partnerships and cross-sector expertise |
| Growing client demand for integrated ESG services | Expanding shared compliance model and digital tools |
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### **Leadership & Expertise**
- **Dr. Ajay Ojha (MD & Co-founder):** PhD in Environmental Chemistry; 23+ years’ experience; designed 500+ wastewater plants; recognized by **USEPA** and **Better Air Quality 2006** award winner.
- **Dr. Prasad Pawar (Co-founder):** Deep expertise in environmental systems and policy.
- **Dr. Aniket Kadam (CFO & Whole-Time Director):** Instrumentation Engineer & MBA; specialized in statutory approvals and financial strategy.
Team size: **80+ professionals** across Pune, Mumbai, Delhi, and international subsidiaries.
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