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 ₹ 1,078 Cr.
- Current Price ₹ 559
- High / Low ₹ 1,045 / 502
- Stock P/E 47.3
- Book Value ₹ 45.6
- Dividend Yield 0.00 %
- ROCE 36.8 %
- ROE 84.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 112% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.7%
Cons
- Stock is trading at 12.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 66.8 days to 150 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
Utilities Utilities Other Utilities Waste Management
Part of BSE SmallCap BSE Allcap BSE Utilities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
21 | 31 | 37 | 19 | 12 | 12 | 12 | 13 | 15 | 18 | 28 | 44 | 42 | |
22 | 29 | 36 | 18 | 12 | 11 | 10 | 12 | 12 | 14 | 12 | 13 | 14 | |
Operating Profit | -1 | 2 | 1 | 1 | -1 | 2 | 3 | 1 | 4 | 4 | 16 | 31 | 28 |
OPM % | -6% | 7% | 2% | 5% | -8% | 15% | 21% | 8% | 24% | 22% | 59% | 71% | 67% |
1 | 0 | 0 | -1 | -6 | 0 | -0 | 5 | 11 | 4 | 7 | 2 | 5 | |
Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
Profit before tax | -0 | 1 | -0 | -2 | -9 | 1 | 1 | 6 | 14 | 7 | 22 | 32 | 31 |
Tax % | 2% | 25% | 75% | -3% | 0% | -39% | 9% | 20% | 11% | 6% | 18% | 26% | |
-0 | 1 | -0 | -2 | -9 | 1 | 1 | 4 | 13 | 6 | 18 | 23 | 23 | |
EPS in Rs | 0.48 | -0.11 | -0.85 | -4.58 | 0.57 | 0.58 | 2.32 | 6.58 | 3.21 | 9.24 | 34.15 | 11.81 | |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 15% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 29% |
3 Years: | 42% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | 49% |
5 Years: | 112% |
3 Years: | 141% |
TTM: | 7% |
Stock Price CAGR | |
---|---|
10 Years: | 32% |
5 Years: | 69% |
3 Years: | 72% |
1 Year: | -42% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 36% |
3 Years: | 47% |
Last Year: | 84% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 18 | 18 | 18 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 12 | 13 | 13 | 10 | 6 | 6 | 4 | 12 | 30 | 27 | 47 | 69 |
0 | 17 | 19 | 20 | 23 | 20 | 17 | 11 | 11 | 1 | 5 | 4 | |
6 | 15 | 24 | 6 | 3 | 2 | 3 | 2 | 6 | 16 | 10 | 18 | |
Total Liabilities | 23 | 63 | 73 | 54 | 49 | 46 | 44 | 46 | 67 | 63 | 81 | 111 |
4 | 8 | 14 | 14 | 22 | 22 | 22 | 22 | 20 | 34 | 39 | 59 | |
CWIP | 0 | 13 | 8 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 6 | 7 | 7 | 2 | 3 | 3 | 3 | 7 | 20 | 15 | 18 | 12 |
13 | 36 | 44 | 28 | 24 | 22 | 19 | 16 | 26 | 15 | 24 | 40 | |
Total Assets | 23 | 63 | 73 | 54 | 49 | 46 | 44 | 46 | 67 | 63 | 81 | 111 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 1 | 2 | -1 | 1 | 8 | 5 | 9 | 0 | 16 | -3 | 17 | |
-2 | -1 | -2 | 1 | -0 | -3 | -4 | -0 | 8 | -24 | 3 | -14 | |
1 | 0 | 0 | -0 | -1 | -4 | -4 | -7 | -0 | -1 | -0 | -1 | |
Net Cash Flow | 0 | 0 | 0 | -0 | 0 | 2 | -2 | 2 | 8 | -9 | 0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 72 | 194 | 236 | 194 | 141 | 125 | 72 | 32 | 24 | 50 | 58 | 63 |
Inventory Days | 14 | 124 | 104 | 275 | 317 | 170 | 234 | 178 | 272 | 251 | 397 | 652 |
Days Payable | 78 | 99 | 263 | 122 | 1 | 12 | 20 | 6 | 119 | 659 | 17 | 67 |
Cash Conversion Cycle | 7 | 219 | 77 | 347 | 456 | 282 | 286 | 204 | 178 | -357 | 438 | 648 |
Working Capital Days | 148 | 121 | 104 | 247 | 402 | 100 | 151 | 77 | 50 | -99 | 149 | 150 |
ROCE % | -5% | 2% | 2% | 1% | 4% | 6% | 3% | 10% | 8% | 33% | 37% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
3 Oct - Ecoreco launches nationwide e-waste drive Oct 2–31, 2025; app, Eco-Bins, Recycling-on-Wheels for collections.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 1 Oct
-
Announcement under Regulation 30 (LODR)-Change in Management
30 Sep - Brijkishor Soni reappointed MD (Sep 1,2025–Aug 31,2030); Dr Sandip Chatterjee and Dr Yeshwant Sontakke appointed independent directors.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
30 Sep - 31st AGM on Sept 30, 2025: audited FY2024-25 financials adopted; MD re‑appointed; two independent directors appointed.
- Closure of Trading Window 26 Sep
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
May 2025TranscriptNotesPPT
-
Nov 2024TranscriptNotesPPT
-
Aug 2024Transcript PPT REC
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT REC
-
Oct 2023TranscriptPPTREC
-
Sep 2023TranscriptNotesPPT
-
Jul 2023TranscriptPPTREC
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.