Eco Recycling
ECORECO NSE
Eco Recycling
UtilitiesNSE: ECORECO BSE: 530643 Waste Management
Key Fundamentals
MicrocapWaste ManagementUtilitiesMarket Cap
₹838 Cr
Volatility
Low Risk
P/E Ratio
35.01
EBITDA
₹33.30 Cr
Return on Equity
20.44%
Debt to Equity
0.04
Book Value
₹56.37
52W High
₹494.9
52W Low
₹435
Tapetide Score
Data-driven rating, 0–100. How it works →
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 7.60 times its book value
- Debtor days have increased from 79.9 to 119 days.
Growth Rate
Revenue Growth
14.04% lower than
3Y
Net Income Growth
-2.14% lower than
3Y
Cash Flow Change
-23.62% lower than
3Y
ROE
-21.69% lower than
3Y
ROCE
-20.33% lower than
3Y
EBITDA Margin (Avg.)
-12.47% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 in Rs | 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 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 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% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Eco Recycling insights
60 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 May - Copies of the newspaper''s publication dated May 07, 2026, pertaining to the Corrigendum (First). 7 May - Copies of the newspaper''s publication dated May 07, 2026, pertaining to the Corrigendum (First).
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 May - Copies of the newspapers publication dated May 07, 2026, Pertaining to the Corrigendum (First). 7 May - Copies of the newspapers publication dated May 07, 2026, Pertaining to the Corrigendum (First).
4
Business Update -Receipt Of Eligibility Status Under National Critical Minerals Mission (NCMM)
5 May - Eco Recycling received 30 Apr 2026 eligibility status under NCMM critical mineral recycling scheme. 5 May - Eco Recycling received 30 Apr 2026 eligibility status under NCMM critical mineral recycling scheme.
5
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
2d - Shareholders approved 3 lakh convertible warrants at Rs408 and appointing CA Uttam Prakash Agarwal as independent director. 2d - Shareholders approved 3 lakh convertible warrants at Rs408 and appointing CA Uttam Prakash Agarwal as independent director.
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 (530643) 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 ₹838.25 Cr, 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 35.01, 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 ₹435 and ₹494.9.
Does Eco Recycling Ltd pay dividends?
Eco Recycling Ltd has a dividend yield of 0.23%.
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]
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