530643

Eco Recyc. financials

Market cap
₹840 Cr
Sector
Utilities

What Eco Recyc. does

Eco Recycling Limited (Ecoreco) is India's first and one of the leading E-waste management companies, offering end-to-end reverse logistics, data destruction, IT Asset Disposition (ITAD), e-waste and lamp recycling, precious metal recovery, and EPR/CSR implementation. It sources e-waste from a diverse clientele — MNCs, producers, large corporates, retailers, government bodies, PSUs, NBFCs, households and educational institutions — and processes it at its Mumbai recycling facility using technologies imported from the US, Europe and Japan alongside in-house developed technology. It also runs "Recycling on Wheels - SmartER", a mobile e-waste recycling/data-destruction/training unit, and the "Book My Junk" mobile app for last-mile household e-waste pickup.

Segments

  • Reverse Logistics
  • Data Destruction
  • IT Asset Disposition (ITAD)
  • E-waste Recycling
  • Lamp Recycling
  • EPR Partnering
  • Li-ion Battery Recycling
  • Recycling on Wheels - SmartER
Installed e-waste recycling capacity
31,200 MTPA (Mumbai facility)
Recycling facility area
65,000 sq. ft. (Mumbai)
Li-ion battery recycling capacity added
6,000 MTPA (FY25)
Countries served
120+
Logistics reach
PAN-India collection & logistics network
Operating track record
20+ years; India's first E-waste recycling company (e-waste recycling since 2005)
Founded 1994Headquarters Mumbai, Maharashtra Company website

Quarterly results

Q1 FY27: revenue up 75.2%, net profit up 13.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue13 10 10 9 14 +12%6 −40%19 +90%16 +75%
EBITDA9 7 7 5 7 −22%4 −47%13 +86%9 +80%
Net profit8 5 2 8 6 −32%2 −57%7 +225%9 +13%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −28.1% 1Y

₹300₹400₹500₹600Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹607.9 on 10 Sept 2025 → ₹437. High ₹615.4 (9 Oct 2025), low ₹254.25 (27 Mar 2026).

Financials, as filed

Revenue grew 39.5% a year over 3 years, FY23 to FY26. Operating margin widened to 59.6%.

Year endingFY23FY24FY25FY26
Revenue₹18 Cr₹28 Cr₹44 Cr₹48 Cr
Operating profit₹4 Cr₹16 Cr₹31 Cr₹29 Cr
Operating margin22.1%58.7%70.5%59.6%
Interest₹0 Cr₹1 Cr₹1 Cr₹1 Cr
Depreciation₹1 Cr₹1 Cr₹1 Cr₹2 Cr
Net profit₹6 Cr₹18 Cr₹23 Cr₹23 Cr
Net margin34.9%65.0%52.9%47.5%
Cash from operations₹16 Cr₹-3 Cr₹17 Cr₹13 Cr
Free cash flow₹-5 Cr₹-5 Cr₹-4 Cr₹12 Cr
ROCE8.0%33.0%37.0%31.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹19 Cr₹19 Cr₹19 Cr₹19 Cr₹19 Cr₹19 Cr
Reserves₹12 Cr₹30 Cr₹27 Cr₹47 Cr₹82 Cr₹91 Cr
Borrowings₹11 Cr₹11 Cr₹1 Cr₹5 Cr₹7 Cr₹4 Cr
Other liabilities₹2 Cr₹6 Cr₹16 Cr₹10 Cr₹20 Cr₹20 Cr
Total liabilities₹46 Cr₹67 Cr₹63 Cr₹81 Cr₹128 Cr₹135 Cr
Fixed assets₹22 Cr₹20 Cr₹34 Cr₹39 Cr₹58 Cr₹57 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹7 Cr₹20 Cr₹15 Cr₹18 Cr₹13 Cr₹12 Cr
Other assets₹16 Cr₹26 Cr₹15 Cr₹24 Cr₹57 Cr₹66 Cr
Total assets₹46 Cr₹67 Cr₹63 Cr₹81 Cr₹128 Cr₹135 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −0.68 pp while the public added +0.66 pp. The shareholder count grew 12% to 37,205.

Promoters
73.3%
FIIs
0.3%
DIIs
0.2%
Public
26.2%

Since Jun 2025

  • FIIs −0.68 pp
  • Public +0.66 pp
  • DIIs +0.02 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.3%, FIIs 0.9%, Public 25.8%.Dec '23: Promoters 73.3%, FIIs 0.9%, Public 25.8%.Mar '24: Promoters 73.3%, FIIs 1.2%, Public 25.5%.Jun '24: Promoters 73.3%, FIIs 1.2%, Public 25.5%.Sep '24: Promoters 73.3%, FIIs 1.2%, Public 25.5%.Dec '24: Promoters 73.3%, FIIs 1.1%, DIIs 0.0%, Public 25.5%.Mar '25: Promoters 73.3%, FIIs 1.1%, DIIs 0.1%, Public 25.4%.Jun '25: Promoters 73.3%, FIIs 0.9%, DIIs 0.2%, Public 25.6%.Sep '25: Promoters 73.3%, FIIs 0.9%, DIIs 0.1%, Public 25.6%.Dec '25: Promoters 73.3%, FIIs 0.7%, DIIs 0.1%, Public 25.8%.Mar '26: Promoters 73.3%, FIIs 0.4%, DIIs 0.1%, Public 26.1%.Jun '26: Promoters 73.3%, FIIs 0.3%, DIIs 0.2%, Public 26.2%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Eco Recyc. above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Ecoreco Ventures Private Limited 52.19%unchanged
Brijkishor Kishangopal Soni 13.91%unchanged
Aruna Brijkishor Soni 6.03%unchanged
Nippon Magnetic Dressing Company Limited 4.56%unchanged
Brijkishore Soni Huf 1.22%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Eco Recyc.

Guides on how to read this kind of business and the numbers that matter.