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Prices as of 8 Oct 2026 close · Not investment advice

Eco Recycling Limited

NSE: ECORECOWaste Management

Share price

₹402.70

-2.25% close of 9 Oct 2026

Market cap ₹795 CrP/E 32.6 (as of 8 Oct 2026)

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

64

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹795 Cr

P/E ratio

32.6

P/B ratio

7.2

ROCE

30.8%

ROE

23.7%

Dividend yield

0.2%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹479.0052-week low ₹388.60

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Dec 2010 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Dec 2010 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.4 times its growth rate, on earnings growth of 79%.

Profit growthPrice per ₹1 profitPer 1% growth
Eco Recycling Limited — this one79%/yr32.6×₹0.41
Refex Industries Limited28%/yr12.2×₹0.44
EMS Limited-6%/yr26.5×—
Antony Waste Handling Cell Limited3%/yr15.8×₹5.3
Concord Enviro Systems Limited54%/yr——
Race Eco Chain Limited73%/yr21.5×₹0.29

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Waste Management), it ranks 1 of 6 on returns, 5 of 6 on growth, 1 of 6 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 30.8% on capital, ahead of 83% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Roughly — Over the last five years it made ₹43 crore of cash from the business and spent about as much on plant and equipment. And the profit is real: of every 100 rupees it reported over 12 years, about 86 arrived as cash. Its cash comes back more slowly than it used to: it went from being waiting 50 days for its cash to waiting 232 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

6 of 8 checks clear · 75%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 10 Aug 2026 · Consolidated · Unaudited

Revenue

₹16 Cr

Revenue vs last year

+75.2%

Revenue vs last quarter

-13.0%

Net profit

₹9 Cr

Profit vs last year

+13.3%

Profit vs last quarter

+28.4%

Net margin

56.6%

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹795 Cr
Prev close
₹402.70
52w High
₹495
52w Low
₹385
Enterprise value
₹786 Cr
Beta
—
Price CAGR 1y
-32.0%
Price CAGR 3y
21.0%
Price CAGR 5y
36.0%
Price CAGR 10y
27.0%

Ratios

Return on assets
17.0%
PEG ratio
0.4
P/E ratio
32.6
P/B ratio
7.2
EV / EBITDA
27.6
Industry P/E
23.1
ROCE
30.8%
ROCE 5y average
23.8%
ROE
23.7%
Debt / Equity
0.0
Interest coverage
32.0
Dividend yield
0.2%
ROE 3y average
26.0%
ROE last year
24.0%

Annual P&L

Annual revenue
₹48 Cr
Annual profit
₹23 Cr
Operating margin
60.0%
Net profit margin
47.9%
EBITDA margin
60.4%
Sales growth 3y
38.7%
Sales growth 5y
29.9%
Profit growth 3y
79.0%
Profit growth 5y
100.0%
EPS
₹12.0
Sales growth TTM
32.0%
Profit growth TTM
5.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹16 Cr
Profit latest quarter
₹9 Cr
YoY quarterly sales growth
75.2%
YoY quarterly profit growth
13.3%
OPM latest quarter
56.3%

Balance Sheet

Book Value
₹57.9
Face Value
₹10.0
Total debt
₹4 Cr
Total cash
₹13 Cr
Borrowings
₹4 Cr
Reserves / Equity
4.8

Cash Flow

Operating cash flow
₹13 Cr
Free cash flow
₹12 Cr
FCF yield
1.4%
Net cash flow
₹11 Cr

Shareholding

Promoter holding
73.3%
FII holding
0.3%
DII holding
0.2%
Public holding
26.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Refex Industries270.6513.03,7140.5464.6145.4916.3160.422.7
EMS326.4526.61,8130.4415.5-59.1157.2-34.212.8
Antony Waste han350.6017.09950.140.7-95.7261.05.511.2
Effwa Infra350.0028.38100.2918.520.3163.131.329.3
Eco Recyc.405.0032.57820.249.211.216.275.230.8
Namo eWaste323.4051.67400.007.4135.9107.329.321.3
Z-Tech (India)446.9518.06650.004.133.229.142.320.0
Median270.6521.76650.007.420.3107.329.318.8

Competes with: Antony Waste Handling Cell Limited, Concord Enviro Systems Limited, EMS Limited, Race Eco Chain Limited, Refex Industries Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5.397.107.478.0511139.929.779.24145.911916
Expenses2.132.832.234.373.213.663.302.814.187.232.395.687.08
Material Cost5.10
Change in Inventories-2.78
Purchases of Stock-in-Trade3.47
Employee Cost0.74
Other Expenses0.55
Operating Profit3.264.275.243.688.199.216.626.965.067.193.52139.11
OPM %60607046727267715550606956
Other Income2.542.982.13-0.392.041.03-0.46-0.274.380.061.14-0.952.94
Exceptional items (within Other Income)0
Interest0.120.120.110.350.170.170.160.150.150.150.140.250.08
Depreciation0.460.260.35-0.260.240.250.250.270.300.300.290.690.57
Profit before tax5.226.876.913.209.829.825.756.278.996.804.231111
Tax %9.77111748171718651018523520
Net Profit4.716.125.731.658.158.184.742.208.095.602.057.149.17
EPS in Rs2.333.032.900.984.144.162.531.084.042.971.023.964.49

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales31371912121213151828444855
Expenses29361812111012121412131922
Operating Profit211-12314416312933
OPM %71.805-815218242259716059
Other Income00-1-60-051147253
Interest1111110001111
Depreciation0000000011122
Profit before tax1-0-2-911614722323133
Tax %2575-30-39920116182626
Net Profit1-0-2-911413618232324
EPS in Rs0.48-0.11-0.85-4.580.570.582.326.583.219.24121212
Dividend Payout %0000000150000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
3%
5 years
30%
3 years
39%
TTM
32%

Compounded profit growth

10 years
61%
5 years
100%
3 years
79%
TTM
5%

Stock price CAGR

10 years
27%
5 years
36%
3 years
21%
1 year
-32%

Return on equity

10 years
16%
5 years
22%
3 years
26%
Last year
24%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181818181819191919191919
Reserves131310664123027476991
Borrowings17192023201711111544
Other Liabilities152463232616101820
Total Liabilities63735449464446676381111135
Fixed Assets81414222222222034395957
CWIP1389000000000
Investments77233372015181212
Other Assets364428242219162615244066
Total Assets63735449464446676381111135

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity12-11859016-31713
Cash from Investing Activity-1-21-0-3-4-08-243-14-1
Cash from Financing Activity00-0-1-4-4-7-0-1-0-1-1
Net Cash Flow00-002-228-90111
Free Cash Flow11-216580-5-5-412

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days194236194141125723224505863119
Inventory Days124104275317170234178272251397652443
Days Payable992631221122061196591767167
Cash Conversion Cycle21977347456282286204178-357438648395
Working Capital Days1211042474021001517750-99149150232
ROCE %221463108333731

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters737373737373737373737373
FIIs0.860.901.181.171.191.141.120.930.910.720.430.25
DIIs000000.020.110.170.130.130.130.19
Public262625252525252626262626
No. of Shareholders12,14211,78112,31115,43823,82928,07131,31533,20736,49437,17036,87637,205

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -15.9% (₹479.00 → ₹402.70)Brick size ₹20.52 (fixed)Bricks 5
₹450₹500₹40321 Aug30 Sep
Price moved up one brickPrice moved down one brickLast close ₹402.70 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

News

News and filings about Eco Recycling Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Utilities
Industry
Waste Management
Classification
Utilities › Waste Management
ISIN
INE316A01038

News impact

Big market events that reach Eco Recycling Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

18 Sep 2026unspecified₹1

Documents

Annual reports, results presentations and earnings calls, straight from the source.

No documents on record yet.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.