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Eco Recycling

ECORECO NSE
₹403.95 No trade today
P/E
32.47
View as Markdown
MCP
Close 4 Nov 2026 ₹403.95 −187.25 −31.7% 1Y
Start ₹591.20

Key Fundamentals

MicrocapOther UtilitiesUtilities

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
30.80%
Debt to Equity
0.04
EPS (TTM)
₹12.44
Book Value
₹56.37
Market Cap
—
P/E (TTM)
32.47
P/B
7.17
ROE
23.60%
Dividend Yield
0.25%
EBITDA
₹33.30 Cr
52W High
₹605.05
52W Low
₹225.00
Volume
0

Peer Comparison

Utilities › Waste Management

Eco Recycling peer comparison
Refex Industries
₹222.3612.29₹3,025 Cr1.900.69%17.80%22.70%₹2,841 Cr₹248 Cr
EMS
₹304.7024.81₹1,635 Cr1.600.52%8.91%12.80%₹652 Cr₹68 Cr
Antony Waste Handling Cell
₹306.6014.89₹838 Cr1.180.17%10.90%11.20%₹1,067 Cr₹70 Cr
Eco Recycling (this company)
₹403.9532.47₹787 Cr7.170.25%23.60%30.80%₹55 Cr₹24 Cr
Effwa Infra & Research
₹330.50—₹762 Cr6.190.31%26.20%29.30%——
Namo eWaste Management
₹336.50129.42₹753 Cr7.460.00%14.90%21.30%₹66 Cr₹4 Cr
Z-Tech India
₹362.5014.20₹552 Cr2.560.00%18.30%20.00%₹164 Cr₹37 Cr
Median 7 companies₹330.5019.85₹787 Cr2.560.25%17.80%21.30%₹408 Cr₹52 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest 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 →

Overall score

56 Good

Data confidence 100/100

Category scores

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

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish964
OscillatorsBearish261
Moving AveragesStrong Bearish703

Key readings

RSI (14)
48.19
Neutral
MACD (12,26,9)
−6.65
Bullish
SMA (50)
423.43
Bearish
SMA (200)
427.11
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+2.64%
5Y+29.86%
3Y+38.67%
1Y+9.09%
TTM+31.89%

Net profit

Net profit growth by window
10YZero base
5Y+41.88%
3Y+56.50%
1Y0.00%
TTM+3.23%

Operating cash flow

Operating cash flow growth by window
10Y+20.58%
5Y+7.63%
3Y−6.69%
1Y−23.53%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+57.72 pp
5Y+52.73 pp
3Y+38.20 pp
1Y−10.03 pp
TTM−7.22 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹19.00 Cr
Mar 2018₹12.00 Cr
Mar 2019₹12.00 Cr
Mar 2020₹12.00 Cr
Mar 2021₹13.00 Cr
Mar 2022₹15.00 Cr
Mar 2023₹18.00 Cr
Mar 2024₹28.00 Cr
Mar 2025₹44.00 Cr
Mar 2026₹48.00 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹2.00 Cr
Mar 2018−₹9.00 Cr
Mar 2019₹1.00 Cr
Mar 2020₹1.00 Cr
Mar 2021₹4.00 Cr
Mar 2022₹13.00 Cr
Mar 2023₹6.00 Cr
Mar 2024₹18.00 Cr
Mar 2025₹23.00 Cr
Mar 2026₹23.00 Cr

Analyst Forecasts

Forecast For
Mar 27 consensus · Price
₹720.00 +82.0% vs Sep 26
Reported High Mean Low

Quarterly Results

₹ Cr
530643 quarterly results, ₹ crore
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

Profit & Loss

₹ Cr
530643 profit and loss, annual, ₹ crore
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%
—

Balance Sheet

₹ Cr
530643 balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
530643 cash flow, annual, ₹ crore
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

Ratios

530643 financial ratios, annual
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 across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 73.35%
  • Public 19.73%
  • Others 6.48%
  • FIIs 0.25%
  • DIIs 0.20%

No promoter shares pledged as of 14 Oct 2026

Change since Jun 2026

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q4 FY26 concall · May 2026
    PPT
  • Q2 FY26 concall · Nov 2025
    PPT
  • Q4 FY25 concall · May 2025
    PPT
  • Q2 FY25 concall · Nov 2024
    PPT
  • Q1 FY25 concall · Aug 2024
    Transcript PPT Recording

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 CSR…
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 PE ratio of Eco Recycling Ltd?
Eco Recycling Ltd trades at a PE ratio of 32.47 as of 4 Nov 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 4 Nov 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 23.60%. 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.

Website ecoreco.com
Listed 17 Aug 2026
Face Value ₹10

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