ECORECO
Eco Recycling financials
- Market cap
- ₹842 Cr
- Sector
- Utilities
Quarterly results
Q1 FY27: revenue up 75.2%, net profit up 13.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13 | 10 | 10 | 9 | 14 +12% | 6 −40% | 19 +90% | 16 +75% |
| EBITDA | 9 | 7 | 7 | 5 | 7 −22% | 4 −47% | 13 +86% | 9 +80% |
| Net profit | 8 | 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 −28.4% 1Y
1Y: ₹607.9 on 10 Sept 2025 → ₹435.5. High ₹615.4 (9 Oct 2025), low ₹254.25 (27 Mar 2026).
Financials, as filed
Revenue grew 31.2% a year over 2 years, FY24 to FY26. Operating margin widened to 59.6%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹28 Cr | ₹44 Cr | ₹48 Cr |
| Operating profit | ₹16 Cr | ₹31 Cr | ₹29 Cr |
| Operating margin | 58.7% | 70.5% | 59.6% |
| Interest | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹2 Cr |
| Net profit | ₹18 Cr | ₹23 Cr | ₹23 Cr |
| Net margin | 65.0% | 52.9% | 47.5% |
| Cash from operations | ₹-3 Cr | ₹17 Cr | ₹13 Cr |
| Free cash flow | ₹-5 Cr | ₹-4 Cr | ₹12 Cr |
| ROCE | 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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| 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
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 is on the register
Named in the Jun 2026 filing
Every holder of Eco Recycling Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 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 Recycling Limited
Guides on how to read this kind of business and the numbers that matter.