Eco Recycling Ltd
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]
- Market Cap ₹ 1,955 Cr.
- Current Price ₹ 1,013
- High / Low ₹ 1,215 / 225
- Stock P/E 98.3
- Book Value ₹ 33.9
- Dividend Yield 0.00 %
- ROCE 34.1 %
- ROE 28.6 %
- Face Value ₹ 10.0
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 29.9 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 34 | |
21 | 27 | 29 | 36 | 18 | 12 | 10 | 10 | 12 | 12 | 14 | 12 | 13 | |
Operating Profit | 1 | -2 | 2 | 1 | 1 | -1 | 2 | 3 | 1 | 3 | 4 | 16 | 21 |
OPM % | 7% | -7% | 7% | 3% | 8% | -5% | 16% | 21% | 8% | 23% | 22% | 59% | 63% |
0 | 3 | 0 | 1 | -1 | -6 | 0 | -0 | 5 | 11 | 4 | 5 | 4 | |
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 | 25 |
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 | 20 | |
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 | 10.31 |
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: | 93% |
Compounded Profit Growth | |
---|---|
10 Years: | 51% |
5 Years: | 62% |
3 Years: | 51% |
TTM: | 178% |
Stock Price CAGR | |
---|---|
10 Years: | 42% |
5 Years: | 101% |
3 Years: | 129% |
1 Year: | 360% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 19 | 19 | 19 | 19 | 19 |
Reserves | 15 | 14 | 13 | 14 | 11 | 7 | 8 | 6 | 14 | 32 | 29 | 46 |
14 | 16 | 17 | 19 | 20 | 20 | 18 | 16 | 9 | 10 | 1 | 5 | |
13 | 12 | 15 | 24 | 6 | 3 | 2 | 3 | 2 | 6 | 13 | 7 | |
Total Liabilities | 59 | 59 | 63 | 74 | 55 | 48 | 46 | 45 | 45 | 67 | 62 | 78 |
14 | 15 | 13 | 14 | 14 | 22 | 22 | 22 | 22 | 20 | 34 | 39 | |
CWIP | 10 | 8 | 8 | 8 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 6 | 6 | 7 | 8 | 3 | 4 | 4 | 4 | 8 | 21 | 16 | 16 |
30 | 31 | 36 | 44 | 29 | 22 | 20 | 19 | 15 | 25 | 13 | 22 | |
Total Assets | 59 | 59 | 63 | 74 | 55 | 48 | 46 | 45 | 45 | 67 | 62 | 78 |
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% |
Documents
Announcements
- Closure of Trading Window 26 Sep
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 25 Sep
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 24 Sep
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 12 Sep
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Announcement under Regulation 30 (LODR)-Change in Management
10 Sep - Re-appointment of Mr. Srikrishna Bhamidipati as director.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Oct 2023TranscriptPPTREC
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Sep 2023TranscriptNotesPPT
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Jul 2023TranscriptPPTREC
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.