Eco Recycling Ltd

Eco Recyc. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Eco Recycling Ltd

₹ 903 -1.03%
13 Dec 4:00 p.m.
ecoreco.com BSE: 530643
About

Eco Recycling Ltd (Ecoreco) is the India’s 1st and leading E-waste management company, offering end-to-end solutions of Reverse Logistics, Data Destruction, Information Technology Asset Disposition (ITAD), Recycling of E-waste, Lamp Recycling, Precious Metal Recovery, implementation of EPR and CSR initiatives, Recycling on Wheels-SmartER.[1]

Key Points

Overview[1]
Ecoreco is pioneer & Leader in India’s E-waste Management sector. The company uses proven recycling technologies from US, Europe & Japan. It serves 120+ countries globally.

Website BSE
  • Market Cap ₹ 1,732 Cr.
  • Current Price ₹ 903
  • High / Low ₹ 1,215 / 374
  • Stock P/E 77.0
  • Book Value ₹ 41.9
  • Dividend Yield 0.00 %
  • ROCE 34.1 %
  • ROE 28.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 61.8% CAGR over last 5 years

Cons

  • Stock is trading at 21.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 39.4 to 58.0 days.
  • Working capital days have increased from 38.4 days to 152 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
4.44 2.75 4.98 5.52 3.61 3.56 5.04 5.39 7.10 7.47 8.06 11.40 12.87
3.36 3.87 3.91 1.90 2.03 1.98 7.91 2.13 2.82 2.33 4.26 3.19 3.75
Operating Profit 1.08 -1.12 1.07 3.62 1.58 1.58 -2.87 3.26 4.28 5.14 3.80 8.21 9.12
OPM % 24.32% -40.73% 21.49% 65.58% 43.77% 44.38% -56.94% 60.48% 60.28% 68.81% 47.15% 72.02% 70.86%
0.84 4.68 1.18 -0.60 2.13 2.40 -0.24 1.33 1.48 1.30 0.50 1.13 0.23
Interest 0.01 0.00 0.00 0.04 0.04 0.03 0.03 0.12 0.12 0.11 0.35 0.17 0.17
Depreciation 0.12 0.12 0.12 0.24 0.24 0.24 0.20 0.45 0.25 0.34 -0.26 0.24 0.24
Profit before tax 1.79 3.44 2.13 2.74 3.43 3.71 -3.34 4.02 5.39 5.99 4.21 8.93 8.94
Tax % 0.00% 0.00% 71.36% 0.00% 0.00% 0.00% 11.08% 7.21% 10.58% 17.03% 36.10% 17.02% 17.00%
1.79 3.44 0.61 2.74 3.43 3.71 -3.71 3.73 4.82 4.97 2.69 7.41 7.42
EPS in Rs 0.93 1.78 0.32 1.42 1.78 1.92 -1.92 1.93 2.50 2.58 1.39 3.84 3.85
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
22 25 31 37 19 12 12 12 13 15 18 28 40
21 27 29 36 18 12 10 10 12 12 14 12 14
Operating Profit 1 -2 2 1 1 -1 2 3 1 3 4 16 26
OPM % 7% -7% 7% 3% 8% -5% 16% 21% 8% 23% 22% 59% 66%
0 3 0 1 -1 -6 0 -0 5 11 4 5 3
Interest 1 1 1 1 1 1 1 1 0 0 0 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 1 1 1
Profit before tax 1 1 1 0 -1 -8 1 1 5 14 7 20 28
Tax % 28% 41% 25% 35% -5% 0% -31% 9% 20% 11% 6% 17%
1 0 1 0 -1 -8 1 1 4 12 6 16 22
EPS in Rs 0.33 0.16 0.48 0.08 -0.51 -4.37 0.68 0.58 2.27 6.47 3.20 8.39 11.66
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 15% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 18%
3 Years: 30%
TTM: 89%
Compounded Profit Growth
10 Years: 51%
5 Years: 62%
3 Years: 51%
TTM: 163%
Stock Price CAGR
10 Years: 40%
5 Years: 96%
3 Years: 113%
1 Year: 112%
Return on Equity
10 Years: 13%
5 Years: 21%
3 Years: 24%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 18 18 18 18 18 18 18 19 19 19 19 19 19
Reserves 15 14 13 14 11 7 8 6 14 32 29 46 62
14 16 17 19 20 20 18 16 9 10 1 5 6
13 12 15 24 6 3 2 3 2 6 13 7 11
Total Liabilities 59 59 63 74 55 48 46 45 45 67 62 78 98
14 15 13 14 14 22 22 22 22 20 34 39 57
CWIP 10 8 8 8 9 0 0 0 0 0 0 0 0
Investments 6 6 7 8 3 4 4 4 8 21 16 16 11
30 31 36 44 29 22 20 19 15 25 13 22 30
Total Assets 59 59 63 74 55 48 46 45 45 67 62 78 98

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2 -0 1 2 -1 1 7 6 7 1 17 -2
-5 -1 -1 -3 1 0 -3 -4 -0 8 -25 3
7 2 0 1 -0 -1 -4 -2 -7 0 -0 0
Net Cash Flow -0 -0 0 0 -0 0 -0 0 0 8 -9 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 121 178 194 237 194 141 125 72 32 24 36 58
Inventory Days 169 121 124 104 275 317 170 234 178 272 251 397
Days Payable 128 158 99 263 122 1 12 20 6 119 654 8
Cash Conversion Cycle 162 141 219 77 347 456 282 286 204 178 -367 448
Working Capital Days 122 221 196 159 385 492 257 179 82 66 -103 152
ROCE % 4% 3% 5% 3% 3% 2% 5% 7% 15% 29% 12% 34%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.94% 72.97% 73.15% 73.15% 73.14% 73.33% 73.35% 73.34% 73.35% 73.35% 73.35% 73.35%
0.86% 0.86% 0.86% 1.90% 1.90% 1.90% 1.90% 0.86% 0.90% 1.18% 1.17% 1.19%
26.20% 26.17% 25.99% 24.96% 24.95% 24.78% 24.76% 25.80% 25.75% 25.47% 25.49% 25.47%
No. of Shareholders 8,20110,10610,47010,12210,67111,13611,38412,14211,78112,31115,43823,829

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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