NAMOEWASTE
Namo eWaste financials
- Market cap
- ₹650 Cr
- Sector
- Utilities
- Calls analysed
- 3
Namo eWaste Q4 FY26
What went well
- H2 FY26 Total Income of ₹107.42 crores, up 28% YoY.
- H2 FY26 PAT of ₹7.36 crores, up 136% YoY.
- FY26 EBITDA grew 56% to ₹23.10 crores, with EBITDA margins at 11.87%.
What to watch
- Hyderabad facility commissioning delayed to Q2 FY27 from earlier FY26 expectation due to heavy rains.
- FY26 total income of ₹195.13 crores missed prior guidance of ₹220-230 crores due to temporary business disruption during Palwal capacity expansion.
What Namo eWaste does
Namo eWaste Management Limited collects, dismantles, shreds and recycles electrical/electronic equipment (EEE) waste and Li-ion batteries to recover metals such as copper, aluminium, iron, silver, gold, lithium, nickel, cobalt and manganese. It sources waste directly from producers/manufacturers under procurement contracts and via aggregators and collection drives, then processes it at its own recycling plants, issuing recycling/dismantling certificates. It also offers Extended Producer Responsibility (EPR) compliance consulting, IT Asset Disposition (ITAD), secure data destruction, refurbishment and reverse-logistics services to manufacturers and producers.
Segments
- E-waste recycling
- Battery (Li-ion) recycling & refurbishing
- EPR consulting
- Refurbishment / ITAD
- Data destruction & reverse logistics
- Total installed recycling capacity
- 82,000 MTPA
- Installed e-waste recycling capacity
- 70,000 MTPA
- Installed battery recycling capacity
- 12,000+ MTPA
- Recycling plants (operational)
- 4 (Palwal & Faridabad, Haryana; Nashik e-waste & battery plants, Maharashtra)
- Upcoming recycling plants
- 1 (25,000 MT e-waste unit, Hyderabad/Telangana)
- Collection centres across India
- 26+
Guidance record · Q4 FY26
what the last two calls moved 13 tracked 2 delivered 3 missed 8 open- Total Recycling Capacity delivered said Q4 FY25 Promised: Scale to 68,000 metric tons per annum by Q3 FY26 Q4 FY26: Total installed capacity expanded to 82,000 MTPA, exceeding the original target of 68,000 MTPA.
- EBITDA Margin missed said Q4 FY25 Promised: Improve to 12-12.5% Q4 FY26: FY26 EBITDA margin came in at 11.87%, missing the original target of 12-12.5% and the revised guidance of 13-15%. New guidance for FY27 is 17-20%.
- Operational Timeline delayed said Q4 FY25 Promised: Operational from Q3 FY26 Q4 FY26: Commissioning further delayed. Management cites heavy rains and now expects the plant to be operational in July 2026 (Q2 FY27).
All 13 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 64.6%, net profit up 75.0% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 36 | 65 | 67 | 83 | 87 +142% | 107 +65% |
| EBITDA | 5 | 7 | 7 | 7 | 11 +120% | 12 +71% |
| Net profit | 3 | 4 | 5 | 3 | 7 +133% | 7 +75% |
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 +61.1% 1Y
1Y: ₹176.4 on 10 Sept 2025 → ₹284.25. High ₹315.65 (30 Jun 2026), low ₹134.4 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- +7.7%
- 25 May
- Q2 FY26
- +12.3%
- 12 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹4 Cr | ₹5 Cr | ₹5 Cr | ₹17 Cr | ₹23 Cr | ₹23 Cr |
| Reserves | ₹7 Cr | ₹21 Cr | ₹24 Cr | ₹18 Cr | ₹73 Cr | ₹80 Cr |
| Borrowings | ₹13 Cr | ₹6 Cr | ₹3 Cr | ₹15 Cr | ₹2 Cr | ₹3 Cr |
| Other liabilities | ₹2 Cr | ₹10 Cr | ₹8 Cr | ₹13 Cr | ₹12 Cr | ₹12 Cr |
| Total liabilities | ₹27 Cr | ₹42 Cr | ₹39 Cr | ₹63 Cr | ₹110 Cr | ₹119 Cr |
| Fixed assets | ₹7 Cr | ₹8 Cr | ₹8 Cr | ₹22 Cr | ₹19 Cr | ₹38 Cr |
| Capital work in progress | ₹4 Cr | ₹11 Cr | ₹12 Cr | ₹0 Cr | ₹5 Cr | ₹6 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹20 Cr | ₹0 Cr |
| Other assets | ₹16 Cr | ₹23 Cr | ₹19 Cr | ₹41 Cr | ₹66 Cr | ₹75 Cr |
| Total assets | ₹27 Cr | ₹42 Cr | ₹39 Cr | ₹63 Cr | ₹110 Cr | ₹119 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 Mar 2026
Since Mar 2025, FIIs trimmed −0.94 pp while the public added +0.84 pp. The shareholder count grew 28% to 2,123.
- Promoters
- 69.0%
- FIIs
- 0.1%
- DIIs
- 1.4%
- Public
- 29.4%
Since Mar 2025
- FIIs −0.94 pp
- Public +0.84 pp
- DIIs +0.11 pp
How it drifted, 4 quarters
Over this window the public went from 22.9% to 29.4% — +6.5 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 69.0%, FIIs 3.5%, DIIs 4.6%, Public 22.9%.Mar '25: Promoters 69.1%, FIIs 1.1%, DIIs 1.3%, Public 28.5%.Sep '25: Promoters 69.0%, FIIs 0.4%, DIIs 0.8%, Public 29.8%.Mar '26: Promoters 69.0%, FIIs 0.1%, DIIs 1.4%, Public 29.4%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Naresh Kumar Jain +18.59 pp 25.29% held
- Rachna Jain +12.86 pp 38.89% held
- Vardhman Auto Recycling LLP newly disclosed 0.00% held
- Vardhman Sales Agency newly disclosed 0.00% held
- Namo Alloys Private Limited newly disclosed 0.00% held
- Namo Developers Private Limited newly disclosed 0.00% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Namo eWaste above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Rachna Jain | 38.89% | +12.86 pp |
| Naresh Kumar Jain | 25.29% | +18.59 pp |
| Akshay Jain | 4.81% | −31.45 pp |
| Sanjeev Kumar Srivastava | 1.56% | unchanged |
| Parikshit Satish Deshmukh | 1.55% | unchanged |
| Bhushan Sharad Kapase | 1.55% | unchanged |
| Value Prolific Consulting Services Pvt Ltd | 1.07% | unchanged |
| Neeraj Kumar Jain | 0.06% | unchanged |
| Kamlesh Jain | 0.00% | unchanged |
| Karishma Chotrani | 0.00% | unchanged |
| Saurabh Chotrani | 0.00% | unchanged |
| Sneha Chotrani | 0.00% | 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.
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse Namo eWaste
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