Apex Ecotech Ltd
Incorporated in 2009, Apex Ecotech Ltd specializes in turnkey water and wastewater treatment projects[1]
- Market Cap ₹ 330 Cr.
- Current Price ₹ 250
- High / Low ₹ 286 / 102
- Stock P/E 19.4
- Book Value ₹ 48.0
- Dividend Yield 0.00 %
- ROCE 41.2 %
- ROE 31.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 64.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.5%
- Debtor days have improved from 71.5 to 41.2 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 Water Supply & Management
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 17 | 31 | 44 | 12 | 20 | 35 | 53 | 71 | 149 | |
| 16 | 29 | 39 | 13 | 20 | 30 | 44 | 60 | 127 | |
| Operating Profit | 2 | 2 | 5 | -1 | -0 | 4 | 9 | 11 | 22 |
| OPM % | 9% | 6% | 12% | -10% | -2% | 12% | 17% | 16% | 15% |
| 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | |
| Interest | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 4 | -2 | -1 | 4 | 9 | 11 | 23 |
| Tax % | 31% | 30% | 31% | -1% | 27% | 15% | 26% | 25% | 25% |
| 0 | 1 | 3 | -2 | -1 | 4 | 7 | 9 | 17 | |
| EPS in Rs | 4.60 | 7.99 | 29.23 | -18.06 | -7.22 | 38.53 | 68.45 | 6.49 | 12.91 |
| Dividend Payout % | 0% | 0% | 19% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 66% |
| 3 Years: | 63% |
| TTM: | 109% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 65% |
| 3 Years: | 69% |
| TTM: | 99% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 98% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 33% |
| Last Year: | 31% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.97 | 13 | 13 |
| Reserves | 2 | 3 | 5 | 3 | 3 | 6 | 14 | 33 | 50 |
| 4 | 6 | 1 | 4 | 1 | 1 | 0 | 0 | 1 | |
| 9 | 9 | 11 | 5 | 5 | 10 | 10 | 13 | 25 | |
| Total Liabilities | 17 | 19 | 19 | 14 | 10 | 18 | 26 | 60 | 89 |
| 3 | 4 | 4 | 4 | 2 | 1 | 1 | 1 | 2 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 | 15 | 15 | 9 | 8 | 16 | 24 | 59 | 86 | |
| Total Assets | 17 | 19 | 19 | 14 | 10 | 18 | 26 | 60 | 89 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 5 | -1 | -0 | 3 | 7 | -14 | 7 | |||
| 0 | -1 | 3 | 0 | -0 | 0 | -15 | |||
| -6 | 2 | -3 | -1 | 1 | 23 | 1 | |||
| Net Cash Flow | -1 | 0 | -0 | 2 | 7 | 9 | -7 | ||
| Free Cash Flow | 5 | -2 | 3 | 3 | 7 | -14 | 5 | ||
| CFO/OP | 118% | 81% | 22% | 75% | 101% | -99% | 58% |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 102 | 62 | 68 | 138 | 65 | 74 | 60 | 114 | 41 |
| Inventory Days | 168 | 70 | 32 | 147 | 52 | 54 | 18 | 18 | 14 |
| Days Payable | 165 | 75 | 113 | 202 | 58 | 43 | 38 | 26 | 22 |
| Cash Conversion Cycle | 105 | 57 | -13 | 83 | 60 | 86 | 40 | 105 | 34 |
| Working Capital Days | 67 | 58 | 23 | 17 | 57 | 45 | 26 | 89 | 65 |
| ROCE % | 23% | 57% | -16% | -8% | 69% | 79% | 38% | 41% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Order Book INR Crore |
|
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| Completed Water & Wastewater Treatment Turnkey Projects (Cumulative) Count |
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| Cumulative Water & Wastewater Treatment Capacity Million Liters per Day |
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| Cumulative Zero Liquid Discharge (ZLD) Capacity Million Liters per Day |
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| Industries Served (Cumulative) Count |
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| Team Size (Permanent Employees) Count |
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Extracted by Screener AI
Documents
Announcements
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Press Release
17 July 2026 - Q1 FY27 invoicing ~₹34 crore; fresh orders ~₹25 crore; executable order book ~₹146 crore.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
8 July 2026 - Apex Ecotech says Regulation 27(2) corporate governance quarterly compliance report is not applicable to NSE Emerge SME listing.
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Disclosure under SEBI Takeover Regulations
8 July 2026 - Apex Ecotech Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 July 2026 - Submitted Regulation 74(5) depository certificate for quarter ended June 30, 2026.
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Structural Digital Database
2 July 2026 - SDD compliance certificate for Apr 1, 2025-Jul 1, 2026; 82 events captured, no non-compliance.
Concalls
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Jun 2026TranscriptAI SummaryPPT
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May 2026Transcript PPT
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Mar 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT
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May 2025Transcript PPT REC
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May 2025TranscriptAI SummaryPPT
Business Overview:[1]
AEL is an ISO 9001:2015 certified company which undertakes turnkey projects by providing sustainable, low-carbon-footprint, energy-efficient treatment solutions
for Water & Wastewater Treatment, Membrane
Recycling, Evaporators & Zero Liquid Discharge Systems to reuse for various process applications. The company designs and implements tailored solutions that enhance water management practices.