Namo eWaste Management Ltd
Founded in 2014, Namo eWaste Management offers services for collection, disposal, and recycling of e-waste.[1]
- Market Cap ₹ 428 Cr.
- Current Price ₹ 187
- High / Low ₹ 235 / 127
- Stock P/E 42.6
- Book Value ₹ 41.9
- Dividend Yield 0.00 %
- ROCE 18.4 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 83.5 days to 125 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 31 | 45 | 58 | 75 | 122 | 134 | |
| 27 | 42 | 55 | 66 | 110 | 119 | |
| Operating Profit | 3 | 3 | 4 | 10 | 12 | 15 |
| OPM % | 10% | 6% | 7% | 13% | 10% | 11% |
| 0 | 0 | 0 | 1 | 2 | 3 | |
| Interest | 1 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 2 | 2 | 3 | 9 | 11 | 16 |
| Tax % | 20% | 25% | 25% | 21% | 27% | |
| 2 | 2 | 2 | 7 | 8 | 10 | |
| EPS in Rs | 4.83 | 3.97 | 5.31 | 4.24 | 3.68 | 4.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 40% |
| TTM: | 32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 67% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 5 | 5 | 17 | 23 | 23 |
| Reserves | 7 | 21 | 24 | 19 | 66 | 73 |
| 13 | 6 | 3 | 11 | 2 | 2 | |
| 2 | 10 | 8 | 8 | 7 | 12 | |
| Total Liabilities | 27 | 42 | 39 | 55 | 98 | 110 |
| 7 | 8 | 8 | 20 | 23 | 19 | |
| CWIP | 4 | 11 | 12 | 0 | 0 | 5 |
| Investments | 0 | 0 | 0 | 1 | 14 | 20 |
| 16 | 23 | 19 | 34 | 60 | 66 | |
| Total Assets | 27 | 42 | 39 | 55 | 98 | 110 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -3 | 3 | 5 | 1 | -16 | |
| -3 | -8 | -2 | -2 | -18 | |
| 6 | 5 | -3 | 2 | 44 | |
| Net Cash Flow | 0 | -0 | -0 | 1 | 11 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 47 | 24 | 30 | 61 | 33 |
| Inventory Days | 82 | 116 | 61 | 105 | 121 |
| Days Payable | 8 | 65 | 39 | 28 | 8 |
| Cash Conversion Cycle | 120 | 75 | 52 | 139 | 147 |
| Working Capital Days | -29 | 74 | 46 | 79 | 125 |
| ROCE % | 9% | 11% | 26% | 18% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
27 November 2025 - Namo eWaste Management Limited has informed about Schedule of meet
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Updates
24 November 2025 - Half-year Sep 30, 2025: Consolidated revenue Rs8,771.44L, PAT Rs699.45L; IPO deviation Rs0.32L.
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Analysts/Institutional Investor Meet/Con. Call Updates
19 November 2025 - H1 FY26: revenue +31%, EBITDA +66%, Nasik 12,400 tpa plant operational July 2025; Hyderabad 25,000 tpa by H2FY26.
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Analysts/Institutional Investor Meet/Con. Call Updates
13 November 2025 - Audio recording of Nov 12, 2025 analyst/investor conference call uploaded at https://namoewaste.com/audio-recording/
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Investor Presentation
12 November 2025 - H1FY26: Revenue +31%, EBITDA +66%, PBT +94%; Nashik 12,400 MTPA plant commissioned July 2025; Hyderabad 25,000 MTPA H2 FY26.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Jun 2025Transcript PPT
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Nov 2024Transcript PPT REC
Business Profile[1] Namo eWaste Management is an ISO-certified company providing comprehensive services for recycling of Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, fans, etc.