Eco Recycling Ltd
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]
- Market Cap ₹ 1,820 Cr.
- Current Price ₹ 943
- High / Low ₹ 1,215 / 328
- Stock P/E 76.7
- Book Value ₹ 42.3
- Dividend Yield 0.00 %
- ROCE 33.4 %
- ROE 27.9 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 65.9% CAGR over last 5 years
Cons
- Stock is trading at 22.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 44.2 to 58.0 days.
- Working capital days have increased from 43.0 days to 154 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
Sector: Miscellaneous Industry: Miscellaneous
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2008 | Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
26 | 21 | 31 | 37 | 19 | 12 | 12 | 12 | 13 | 15 | 18 | 28 | 40 | |
27 | 22 | 29 | 36 | 18 | 12 | 11 | 10 | 12 | 12 | 14 | 12 | 13 | |
Operating Profit | -1 | -1 | 2 | 1 | 1 | -1 | 2 | 3 | 1 | 4 | 4 | 16 | 26 |
OPM % | -4% | -6% | 7% | 2% | 5% | -8% | 15% | 21% | 8% | 24% | 22% | 59% | 66% |
2 | 1 | 0 | 0 | -1 | -6 | 0 | -0 | 5 | 11 | 4 | 7 | 5 | |
Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
Profit before tax | 1 | -0 | 1 | -0 | -2 | -9 | 1 | 1 | 6 | 14 | 7 | 22 | 30 |
Tax % | 11% | 2% | 25% | 75% | -3% | 0% | -39% | 9% | 20% | 11% | 6% | 18% | |
1 | -0 | 1 | -0 | -2 | -9 | 1 | 1 | 4 | 13 | 6 | 18 | 24 | |
EPS in Rs | 0.48 | -0.11 | -0.85 | -4.58 | 0.57 | 0.58 | 2.32 | 6.58 | 3.21 | 9.24 | 12.30 | ||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 15% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 30% |
TTM: | 89% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 66% |
3 Years: | 176% |
TTM: | 130% |
Stock Price CAGR | |
---|---|
10 Years: | 38% |
5 Years: | 96% |
3 Years: | 116% |
1 Year: | 193% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 17% |
Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2008 | Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 5 | 18 | 18 | 18 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 4 | 10 | 13 | 13 | 10 | 6 | 6 | 4 | 12 | 30 | 27 | 47 | 62 |
0 | 0 | 17 | 19 | 20 | 23 | 20 | 17 | 11 | 11 | 1 | 5 | 8 | |
10 | 7 | 15 | 24 | 6 | 3 | 2 | 3 | 2 | 6 | 16 | 10 | 14 | |
Total Liabilities | 19 | 23 | 63 | 73 | 54 | 49 | 46 | 44 | 46 | 67 | 63 | 81 | 104 |
1 | 4 | 8 | 14 | 14 | 22 | 22 | 22 | 22 | 20 | 34 | 39 | 57 | |
CWIP | 0 | 0 | 13 | 8 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 6 | 6 | 7 | 7 | 2 | 3 | 3 | 3 | 7 | 20 | 15 | 18 | 16 |
12 | 13 | 36 | 44 | 28 | 24 | 22 | 19 | 16 | 26 | 15 | 24 | 31 | |
Total Assets | 19 | 23 | 63 | 73 | 54 | 49 | 46 | 44 | 46 | 67 | 63 | 81 | 104 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2008 | Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-9 | 2 | 1 | 2 | -1 | 1 | 8 | 5 | 9 | 0 | 16 | -3 | |
-1 | -2 | -1 | -2 | 1 | -0 | -3 | -4 | -0 | 8 | -24 | 3 | |
10 | 1 | 0 | 0 | -0 | -1 | -4 | -4 | -7 | -0 | -1 | -0 | |
Net Cash Flow | -0 | 0 | 0 | 0 | -0 | 0 | 2 | -2 | 2 | 8 | -9 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2008 | Mar 2009 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 4 | 72 | 194 | 236 | 194 | 141 | 125 | 72 | 32 | 24 | 50 | 58 |
Inventory Days | 15 | 14 | 124 | 104 | 275 | 317 | 170 | 234 | 178 | 272 | 251 | 397 |
Days Payable | 4 | 78 | 99 | 263 | 122 | 1 | 12 | 20 | 6 | 119 | 659 | 17 |
Cash Conversion Cycle | 16 | 7 | 219 | 77 | 347 | 456 | 282 | 286 | 204 | 178 | -357 | 438 |
Working Capital Days | 153 | 148 | 196 | 157 | 378 | 553 | 256 | 179 | 82 | 66 | -90 | 154 |
ROCE % | -6% | 2% | 2% | 1% | 4% | 6% | 3% | 10% | 8% | 33% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
8h - Submission under Regulation 30 of SEBI (LODR) Regulations, 2015 - Investor Presentation on the earnings of the Company for the quarter and half year ended …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9h - Eco Recycling reports ₹15 Crore PAT with 73% growth in H1 FY25.
- Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2024 11h
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Board Meeting Outcome for Outcome Board Meeting Held On November 12, 2024
12h - Board approved unaudited financial results for Q2 FY2024.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Nov - Study predicts e-waste from AI could reach 5 million tons by 2030.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Nov 2024TranscriptNotesPPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Oct 2023TranscriptPPTREC
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Sep 2023TranscriptNotesPPT
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Jul 2023TranscriptPPTREC
Overview[1]
Ecoreco is pioneer & Leader in India’s E-waste Management sector. The company uses proven recycling technologies from US, Europe & Japan. It serves 120+ countries globally.