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Eco Recycling

ECORECO NSE
₹402.60 up 1.00 (0.25%)
Market Cap
₹777 Cr
P/E
32.36

Eco Recycling (ECORECO) share price was ₹401.60 at the 28 Oct 2026 close; market capitalisation ₹775 Cr; P/E (TTM) 32.28; sector Utilities. The share price fell 32.4% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 75.2% year on year to ₹16.19 Cr and net profit rose 13.4% year on year to ₹9.17 Cr (compared with Jun 2025). Promoters held 73.35% of Eco Recycling in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 56/100 (Good) as of 28 Oct 2026.

Close 28 Oct 2026 ₹401.60 −192.95 −32.45% 1Y

Key Fundamentals

MicrocapOther UtilitiesUtilities
Market Cap
₹777 Cr
P/E (TTM)
32.36
EBITDA
₹33.30 Cr
Return on Equity
20.44%
Return on Capital Employed
26.73%
Debt to Equity
0.04
Book Value
₹56.37
EPS (TTM)
₹12.44
52W High
₹605.05
52W Low
₹225.00

Price-based figures as of 29 Oct 2026, 11:28 IST · EPS basis: Consolidated · TTM

Peer Comparison

Utilities › Waste Management

Refex Industries
₹223.1012.333,062 Cr1.910.65%16.07%22.69%2,869 Cr248 Cr
EMS
₹290.9523.691,616 Cr1.530.51%8.62%12.15%664 Cr68 Cr
Antony Waste Handling Cell
₹287.4013.96816 Cr1.100.17%10.02%11.52%1,099 Cr70 Cr
Namo eWaste Management
₹349.75134.52800 Cr7.750.00%13.91%19.89%66 Cr4 Cr
Effwa Infra & Research
₹336.70—779 Cr6.310.30%23.17%30.51%——
Eco Recycling (this company)
₹402.6032.36777 Cr7.140.25%20.44%26.73%58 Cr24 Cr
Z-Tech India
₹401.2515.72597 Cr2.830.00%11.47%15.95%95 Cr37 Cr
Median 7 companies₹336.7019.71800 Cr2.830.25%13.91%19.89%380 Cr52 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

56 Good
Overall score

Data confidence 100/100

Category scores

Quality Strong 75
Returns, margins, earnings quality 22% weight
Valuation Poor 33
Cheap vs sector & own history 24% weight
Growth Strong 71
Sales & profit trajectory 9% weight
Financial Health Strong 90
Solvency, leverage, coverage 9% weight
Momentum Weak 43
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

5
  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 99.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%

Weaknesses

2
  • Stock is trading at 7.45 times its book value
  • Debtor days have increased from 79.9 to 119 days.

Technical Indicators

Oscillators

Neutral

Bearish
1
Neutral
7
Bullish
1

Overall

Bearish

Bearish
10
Neutral
7
Bullish
2

Moving Averages

Bearish

Bearish
9
Neutral
0
Bullish
1

Growth Rate

Revenue Growth
14.04% lower than 3Y

change over 1 year

Net Income Growth
-2.14% lower than 3Y

change over 1 year

Cash Flow Change
-23.62%

change over 1 year

EBITDA Margin Change
-12.47%

change over 1 year Operating margin 56.27% · Jun 2026

Analyst Forecasts

Forecast For
Mar 27 consensus · Price
₹720 +82.0% vs Sep 26
Reported High Mean Low

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
5.39
7.1
7.47
8.05
11.4
12.87
9.92
9.77
9.24
14.42
5.91
18.61
16.19
Expenses
2.13
2.83
2.23
4.37
3.21
3.66
3.3
2.81
4.18
7.23
2.39
5.68
7.08
Operating Profit
3.26
4.27
5.24
3.68
8.19
9.21
6.62
6.96
5.06
7.19
3.52
12.93
9.11
OPM %
60.48%
60.14%
70.15%
45.71%
71.84%
71.56%
66.73%
71.24%
54.76%
49.86%
59.56%
69.48%
56.27%
Other Income
2.54
2.98
2.13
-0.39
2.04
1.03
-0.46
-0.27
4.38
0.06
1.14
-0.95
2.94
Interest
0.12
0.12
0.11
0.35
0.17
0.17
0.16
0.15
0.15
0.15
0.14
0.25
0.08
Depreciation
0.46
0.26
0.35
-0.26
0.24
0.25
0.25
0.27
0.3
0.3
0.29
0.69
0.57
PBT
5.22
6.87
6.91
3.2
9.82
9.82
5.75
6.27
8.99
6.8
4.23
11.04
11.4
Tax %
9.77%
10.92%
17.08%
48.44%
17.01%
16.7%
17.57%
64.91%
10.01%
17.65%
51.54%
35.33%
19.56%
Net Profit
4.71
6.12
5.73
1.65
8.15
8.18
4.74
2.2
8.09
5.6
2.05
7.14
9.17
EPS (₹)
2.33
3.03
2.9
0.98
4.14
4.16
2.53
1.08
4.04
2.97
1.02
3.96
4.49
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
31
37
19
12
12
12
13
15
18
28
44
48
55
Expenses
29
36
18
12
11
10
12
12
14
12
13
19
22
Operating Profit
2
1
1
-1
2
3
1
4
4
16
31
29
33
OPM %
7%
1.8%
5%
-8%
15%
21%
8%
24%
22%
59%
71%
60%
59%
Other Income
0
0
-1
-6
0
0
5
11
4
7
2
5
3
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
PBT
1
0
-2
-9
1
1
6
14
7
22
32
31
33
Tax %
25%
75%
-3%
0%
-39%
9%
20%
11%
6%
18%
26%
26%
—
Net Profit
1
0
-2
-9
1
1
4
13
6
18
23
23
24
EPS (₹)
0.48
-0.11
-0.85
-4.58
0.57
0.58
2.32
6.58
3.21
9.24
12.14
11.98
12.44
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
15%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
18
18
18
18
18
19
19
19
19
19
19
19
Reserves
13
13
10
6
6
4
12
30
27
47
69
91
Borrowings
17
19
20
23
20
17
11
11
1
5
4
4
Other Liabilities
15
24
6
3
2
3
2
6
16
10
18
20
Total Liabilities
63
73
54
49
46
44
46
67
63
81
111
135
Fixed Assets
8
14
14
22
22
22
22
20
34
39
59
57
CWIP
13
8
9
0
0
0
0
0
0
0
0
0
Investments
7
7
2
3
3
3
7
20
15
18
12
12
Other Assets
36
44
28
24
22
19
16
26
15
24
40
66
Total Assets
63
73
54
49
46
44
46
67
63
81
111
135
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1
2
-1
1
8
5
9
0
16
-3
17
13
Investing
-1
-2
1
0
-3
-4
0
8
-24
3
-14
-1
Financing
0
0
0
-1
-4
-4
-7
0
-1
0
-1
-1
Net Cash Flow
0
0
0
0
2
-2
2
8
-9
0
1
11
Free Cash Flow
1
1
-2
1
6
5
8
0
-5
-5
-4
12
CFO/OP
46
324
-66
-91
468
221
905
56
447
8
81
71
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
194
236
194
141
125
72
32
24
50
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
659
17
67
167
Cash Conversion Cycle
219
77
347
456
282
286
204
178
-357
438
648
395
Working Capital Days
121
104
247
402
100
151
77
50
-99
149
150
232
ROCE %
—
2%
2%
1%
4%
6%
3%
10%
8%
33%
37%
31%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Eco Recycling insights

63 extracted metrics + investor summaries across FY10–FY27.

Shareholding Pattern

DIIs0.20%Promot.73.35%FIIs0.25%Others6.48%Public19.73%As ofSep 2026

Documents

Frequently Asked Questions about Eco Recycling

What does Eco Recycling Ltd do?
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 CS...
Where is Eco Recycling Ltd (ECORECO) listed?
Eco Recycling Ltd trades as ECORECO on the NSE and under code 530643 on the BSE.
Which sector does Eco Recycling Ltd belong to?
Eco Recycling Ltd is classified under the Utilities sector, in the Waste Management industry.
What is the market capitalisation of Eco Recycling Ltd?
Eco Recycling Ltd has a market capitalisation of ₹776.89 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Eco Recycling Ltd?
Eco Recycling Ltd trades at a PE ratio of 32.36 as of 29 Oct 2026, on earnings per share of ₹12.44, against a book value of ₹56.37 per share.
What is the 52-week high and low of Eco Recycling Ltd?
Over the last 52 weeks Eco Recycling Ltd has traded between ₹225 and ₹605.05 as of 29 Oct 2026.
Does Eco Recycling Ltd pay dividends?
Eco Recycling Ltd has a dividend yield of 0.25%.
What is the Return on Equity (ROE) of Eco Recycling Ltd?
Eco Recycling Ltd reported a return on equity of 20.44%. Its debt-to-equity ratio is 0.04.

Company Information

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]

Website ecoreco.com
Listed 2026-08-17
Face Value ₹ 10
Shares Outstanding 1,92,96,750

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