Eco Recycling Ltd

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

Eco Recycling Ltd

₹ 483 -3.08%
10 Aug - close price
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 a pioneer & Leader in India’s E-waste Management sector since 2005. The company uses proven recycling technologies from the US, Europe & Japan. It serves 120+ countries globally.

Website BSE
  • Market Cap ₹ 932 Cr.
  • Current Price ₹ 483
  • High / Low ₹ 655 / 225
  • Stock P/E 39.0
  • Book Value ₹ 57.8
  • Dividend Yield 0.00 %
  • ROCE 30.7 %
  • ROE 23.8 %
  • 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 38.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.1%

Cons

  • Stock is trading at 8.35 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 79.9 to 119 days.
  • Working capital days have increased from 189 days to 270 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
5.39 7.10 7.47 8.06 11.40 12.87 9.92 9.77 9.24 14.42 5.91 18.61 16.19
2.13 2.82 2.33 4.26 3.19 3.75 3.26 2.79 4.14 7.19 2.44 5.64 7.03
Operating Profit 3.26 4.28 5.14 3.80 8.21 9.12 6.66 6.98 5.10 7.23 3.47 12.97 9.16
OPM % 60.48% 60.28% 68.81% 47.15% 72.02% 70.86% 67.14% 71.44% 55.19% 50.14% 58.71% 69.69% 56.58%
1.33 1.48 1.30 0.50 1.13 0.23 0.17 1.07 2.96 0.11 0.54 1.28 0.28
Interest 0.12 0.12 0.11 0.35 0.17 0.17 0.16 0.15 0.15 0.15 0.14 0.17 0.08
Depreciation 0.45 0.25 0.34 -0.26 0.24 0.24 0.25 0.26 0.30 0.30 0.29 0.68 0.57
Profit before tax 4.02 5.39 5.99 4.21 8.93 8.94 6.42 7.64 7.61 6.89 3.58 13.40 8.79
Tax % 7.21% 10.58% 17.03% 36.10% 17.02% 17.00% 15.73% 59.29% 11.83% 10.30% 56.70% 30.37% 21.84%
3.73 4.82 4.97 2.69 7.41 7.42 5.41 3.11 6.71 6.18 1.55 9.33 6.87
EPS in Rs 1.93 2.50 2.58 1.39 3.84 3.85 2.80 1.61 3.48 3.20 0.80 4.83 3.56
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Upcoming result date: today

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
31 37 19 12 12 12 13 15 18 28 44 48 55
29 36 18 12 10 10 12 12 14 12 13 19 22
Operating Profit 2 1 1 -1 2 3 1 3 4 16 31 29 33
OPM % 7% 2.6% 8% -4.6% 16% 21% 8% 23% 22% 59% 70% 60% 60%
0 1 -1 -6 0 -0 5 11 4 5 3 5 2
Interest 1 1 1 1 1 1 0 0 0 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 1 1 1 2 2
Profit before tax 1 0 -1 -8 1 1 5 14 7 20 32 31 33
Tax % 25% 35% -5% 0% -31% 9% 20% 11% 6% 17% 27% 25%
1 0 -1 -8 1 1 4 12 6 16 23 24 24
EPS in Rs 0.48 0.08 -0.51 -4.37 0.68 0.58 2.27 6.47 3.20 8.39 12.10 12.32 12.39
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 15% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 31%
3 Years: 40%
TTM: 32%
Compounded Profit Growth
10 Years: 60%
5 Years: 38%
3 Years: 57%
TTM: 6%
Stock Price CAGR
10 Years: 30%
5 Years: 41%
3 Years: 42%
1 Year: -20%
Return on Equity
10 Years: 20%
5 Years: 25%
3 Years: 27%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 18 18 18 18 18 19 19 19 19 19 19 19
Reserves 13 14 11 7 8 6 14 32 29 46 69 92
17 19 20 20 18 16 9 10 1 5 4 5
15 24 6 3 2 3 2 6 13 7 15 16
Total Liabilities 63 74 55 48 46 45 45 67 62 78 108 133
13 14 14 22 22 22 22 20 34 39 59 57
CWIP 8 8 9 0 0 0 0 0 0 0 0 0
Investments 7 8 3 4 4 4 8 21 16 16 10 10
36 44 29 22 20 19 15 25 13 22 39 65
Total Assets 63 74 55 48 46 45 45 67 62 78 108 133

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1 2 -1 1 7 6 7 1 17 -2 16 13
-1 -3 1 0 -3 -4 -0 8 -25 3 -13 -1
0 1 -0 -1 -4 -2 -7 0 -0 0 -1 -1
Net Cash Flow 0 0 -0 0 -0 0 0 8 -9 0 2 11
Free Cash Flow 1 1 -2 1 4 2 7 -72 -5 -4 -5 12
CFO/OP 46% 246% -35% -125% 333% 220% 766% 65% 450% 8% 78% 72%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 194 237 194 141 125 72 32 24 36 58 63 119
Inventory Days 124 104 275 317 170 234 178 272 251 397 652 443
Days Payable 99 263 122 1 12 20 6 119 654 8 69 167
Cash Conversion Cycle 219 77 347 456 282 286 204 178 -367 448 646 395
Working Capital Days 121 77 204 342 174 121 77 51 -112 147 150 270
ROCE % 5% 3% 3% 2% 5% 7% 15% 29% 12% 34% 40% 31%

Insights

In beta
Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Number of Countries Served
Count

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Installed E-waste Recycling Capacity
MTPA
Number of Permanent Employees
Count
E-waste Recycled Volume (In-house + Global)
Metric Tonnes
Li-ion Battery Recycling Capacity
MTPA
Number of Eco-Bins Deployed (Cumulative)
Count
Capacity Utilization (in-house processing)
Percent
Number of EPR Producer Clients Onboarded
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
73.34% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35%
0.86% 0.90% 1.18% 1.17% 1.19% 1.14% 1.12% 0.93% 0.91% 0.72% 0.43% 0.25%
0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.11% 0.17% 0.13% 0.13% 0.13% 0.19%
25.80% 25.75% 25.47% 25.49% 25.47% 25.49% 25.41% 25.55% 25.61% 25.80% 26.08% 26.21%
No. of Shareholders 12,14211,78112,31115,43823,82928,07131,31533,20736,49437,17036,87637,205

* 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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