Eco Recycling Ltd

Eco Recyc. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Eco Recycling Ltd

₹ 1,095 5.00%
24 Dec 9:00 a.m.
ecoreco.com BSE: 530643
About

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]

Key Points

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.

Website BSE
  • Market Cap ₹ 2,114 Cr.
  • Current Price ₹ 1,095
  • High / Low ₹ 1,215 / 374
  • Stock P/E 89.1
  • Book Value ₹ 42.3
  • Dividend Yield 0.00 %
  • ROCE 33.4 %
  • ROE 27.9 %
  • Face Value ₹ 10.0
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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 24.7 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
4.47 2.75 5.13 5.52 3.61 3.66 4.95 5.39 7.10 7.47 8.05 11.40 12.87
3.37 3.87 3.92 1.89 2.03 1.96 7.94 2.13 2.83 2.23 4.37 3.21 3.64
Operating Profit 1.10 -1.12 1.21 3.63 1.58 1.70 -2.99 3.26 4.27 5.24 3.68 8.19 9.23
OPM % 24.61% -40.73% 23.59% 65.76% 43.77% 46.45% -60.40% 60.48% 60.14% 70.15% 45.71% 71.84% 71.72%
0.84 4.68 1.21 -0.58 2.14 2.40 -0.18 2.54 2.98 2.13 -0.39 2.04 1.03
Interest 0.00 0.00 0.00 0.04 0.04 0.03 0.03 0.12 0.12 0.11 0.35 0.17 0.17
Depreciation 0.12 0.12 0.12 0.25 0.25 0.25 0.20 0.46 0.26 0.35 -0.26 0.24 0.25
Profit before tax 1.82 3.44 2.30 2.76 3.43 3.82 -3.40 5.22 6.87 6.91 3.20 9.82 9.84
Tax % 0.00% 0.00% 65.65% 0.00% 0.00% 0.00% 12.35% 9.77% 10.92% 17.08% 48.44% 17.01% 16.67%
1.82 3.44 0.79 2.76 3.43 3.82 -3.82 4.71 6.12 5.73 1.65 8.15 8.20
EPS in Rs 0.94 1.78 0.41 1.43 1.78 1.98 -1.98 2.33 3.03 2.97 0.86 4.22 4.25
Raw PDF

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: 41%
5 Years: 102%
3 Years: 125%
1 Year: 173%
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 13 12 13 13 10 6 6 4 12 30 27 47 62
0 0 17 19 20 23 20 17 11 11 1 5 8
1 6 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 % -5% 2% 2% 1% 4% 6% 3% 10% 8% 33%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.94% 72.97% 73.15% 73.15% 73.14% 73.33% 73.35% 73.34% 73.35% 73.35% 73.35% 73.35%
0.86% 0.86% 0.86% 1.90% 1.90% 1.90% 1.90% 0.86% 0.90% 1.18% 1.17% 1.19%
26.20% 26.17% 25.99% 24.96% 24.95% 24.78% 24.76% 25.80% 25.75% 25.47% 25.49% 25.47%
No. of Shareholders 8,20110,10610,47010,12210,67111,13611,38412,14211,78112,31115,43823,829

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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