Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.10 | 7.47 | 8.05 | 11.40 | 12.87 | 9.92 | 9.77 | 9.24 | 14.42 | 5.91 | 18.61 | 16.19 |
| Expenses | 2.83 | 2.23 | 4.37 | 3.21 | 3.66 | 3.30 | 2.81 | 4.18 | 7.23 | 2.39 | 5.68 | 7.08 |
| Operating Profit | 4.27 | 5.24 | 3.68 | 8.19 | 9.21 | 6.62 | 6.96 | 5.06 | 7.19 | 3.52 | 12.93 | 9.11 |
| OPM % | 60.14% | 70.15% | 45.71% | 71.84% | 71.56% | 66.73% | 71.24% | 54.76% | 49.86% | 59.56% | 69.48% | 56.27% |
| Other Income | 2.98 | 2.13 | -0.39 | 2.04 | 1.03 | -0.46 | -0.27 | 4.38 | 0.06 | 1.14 | -0.95 | 2.94 |
| Interest | 0.12 | 0.11 | 0.35 | 0.17 | 0.17 | 0.16 | 0.15 | 0.15 | 0.15 | 0.14 | 0.25 | 0.08 |
| Depreciation | 0.26 | 0.35 | -0.26 | 0.24 | 0.25 | 0.25 | 0.27 | 0.30 | 0.30 | 0.29 | 0.69 | 0.57 |
| Profit before tax | 6.87 | 6.91 | 3.20 | 9.82 | 9.82 | 5.75 | 6.27 | 8.99 | 6.80 | 4.23 | 11.04 | 11.40 |
| Tax % | 10.92% | 17.08% | 48.44% | 17.01% | 16.70% | 17.57% | 64.91% | 10.01% | 17.65% | 51.54% | 35.33% | 19.56% |
| Net Profit | 6.12 | 5.73 | 1.65 | 8.15 | 8.18 | 4.74 | 2.20 | 8.09 | 5.60 | 2.05 | 7.14 | 9.17 |
| EPS in Rs | 3.03 | 2.90 | 0.98 | 4.14 | 4.16 | 2.53 | 1.08 | 4.04 | 2.97 | 1.02 | 3.96 | 4.49 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37 | 19 | 12 | 12 | 12 | 13 | 15 | 18 | 28 | 44 | 48 | 55 |
| Expenses | 36 | 18 | 12 | 11 | 10 | 12 | 12 | 14 | 12 | 13 | 19 | 22 |
| Operating Profit | 1 | 1 | -1 | 2 | 3 | 1 | 4 | 4 | 16 | 31 | 29 | 33 |
| OPM % | 1.8% | 5% | -8% | 15% | 21% | 8% | 24% | 22% | 59% | 71% | 60% | 59% |
| Other Income | 0 | -1 | -6 | 0 | -0 | 5 | 11 | 4 | 7 | 2 | 5 | 3 |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | -0 | -2 | -9 | 1 | 1 | 6 | 14 | 7 | 22 | 32 | 31 | 33 |
| Tax % | 75% | -3% | 0% | -39% | 9% | 20% | 11% | 6% | 18% | 26% | 26% | |
| Net Profit | -0 | -2 | -9 | 1 | 1 | 4 | 13 | 6 | 18 | 23 | 23 | 24 |
| EPS in Rs | -0.11 | -0.85 | -4.58 | 0.57 | 0.58 | 2.32 | 6.58 | 3.21 | 9.24 | 12.14 | 11.98 | 12.44 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 15% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 3% | 31% | 40% | 32% | ||
| Compounded Profit Growth | 61% | 100% | 79% | 5% | ||
| Stock Price CAGR | 29% | 40% | 26% | -31% | ||
| Return on Equity | 16% | 22% | 26% | 24% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 13 | 13 | 10 | 6 | 6 | 4 | 12 | 30 | 27 | 47 | 69 | 91 |
| Borrowings | 17 | 19 | 20 | 23 | 20 | 17 | 11 | 11 | 1 | 5 | 4 | 4 |
| Other Liabilities | 15 | 24 | 6 | 3 | 2 | 3 | 2 | 6 | 16 | 10 | 18 | 20 |
| Total Liabilities | 63 | 73 | 54 | 49 | 46 | 44 | 46 | 67 | 63 | 81 | 111 | 135 |
| Fixed Assets | 8 | 14 | 14 | 22 | 22 | 22 | 22 | 20 | 34 | 39 | 59 | 57 |
| CWIP | 13 | 8 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7 | 7 | 2 | 3 | 3 | 3 | 7 | 20 | 15 | 18 | 12 | 12 |
| Other Assets | 36 | 44 | 28 | 24 | 22 | 19 | 16 | 26 | 15 | 24 | 40 | 66 |
| Total Assets | 63 | 73 | 54 | 49 | 46 | 44 | 46 | 67 | 63 | 81 | 111 | 135 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | 2 | -1 | 1 | 8 | 5 | 9 | 0 | 16 | -3 | 17 | 13 |
| Cash from Investing Activity | -1 | -2 | 1 | -0 | -3 | -4 | -0 | 8 | -24 | 3 | -14 | -1 |
| Cash from Financing Activity | 0 | 0 | -0 | -1 | -4 | -4 | -7 | -0 | -1 | -0 | -1 | -1 |
| Net Cash Flow | 0 | 0 | -0 | 0 | 2 | -2 | 2 | 8 | -9 | 0 | 1 | 11 |
| Free Cash Flow | 1 | 1 | -2 | 1 | 6 | 5 | 8 | 0 | -5 | -5 | -4 | 12 |
| CFO/OP | 46% | 324% | -66% | -91% | 468% | 221% | 905% | 56% | 447% | 8% | 81% | 71% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 194 | 236 | 194 | 141 | 125 | 72 | 32 | 24 | 50 | 58 | 63 | 119 |
| Inventory Days | 124 | 104 | 275 | 317 | 170 | 234 | 178 | 272 | 251 | 397 | 652 | 443 |
| Days Payable | 99 | 263 | 122 | 1 | 12 | 20 | 6 | 119 | 659 | 17 | 67 | 167 |
| Cash Conversion Cycle | 219 | 77 | 347 | 456 | 282 | 286 | 204 | 178 | -357 | 438 | 648 | 395 |
| Working Capital Days | 121 | 104 | 247 | 402 | 100 | 151 | 77 | 50 | -99 | 149 | 150 | 232 |
| ROCE % | 2% | 2% | 1% | 4% | 6% | 3% | 10% | 8% | 33% | 37% | 31% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.34% | 73.35% | 73.35% | 73.35% | 73.35% | 73.35% | 73.35% | 73.35% | 73.35% | 73.35% | 73.35% | 73.35% |
| FIIs | 0.86% | 0.90% | 1.18% | 1.17% | 1.19% | 1.14% | 1.12% | 0.93% | 0.91% | 0.72% | 0.43% | 0.25% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.11% | 0.17% | 0.13% | 0.13% | 0.13% | 0.19% |
| Public | 25.80% | 25.75% | 25.47% | 25.49% | 25.47% | 25.49% | 25.41% | 25.55% | 25.61% | 25.80% | 26.08% | 26.21% |
| No. of Shareholders | 12,142 | 11,781 | 12,311 | 15,438 | 23,829 | 28,071 | 31,315 | 33,207 | 36,494 | 37,170 | 36,876 | 37,205 |
Fundamentals
Market Cap₹ 779 Cr.
Current Price₹ 403
Stock P/E32.4
Book Value₹ 57.3
ROCE30.8 %
ROE23.6 %
Dividend Yield0.25 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)32%
Compounded Profit Growth (TTM)5%
Consolidated figures.
Valuation
Market capRs 750 Cr
Enterprise valueRs 740 Cr
P/E (TTM)31.22x
Price to book6.78x
Price to sales13.60x
EV / EBITDA20.59x
EV / EBIT21.71x
EV / sales13.42x
Price to cash flow58.13x
Earnings yield3.20%
P/E, 3-year average44.52x
P/B, 3-year average11.50x
P/E, 5-year average37.01x
P/B, 5-year average8.71x
Profitability
Operating margin (excl. other income)59.80%
Operating margin (incl. other income)69.22%
EBITDA margin65.19%
Pre-tax margin60.71%
Net profit margin43.57%
Net margin, latest quarter53.55%
ROE23.29%
ROCE30.75%
ROA18.86%
ROE, 3-year average28.56%
ROCE, 3-year average36.49%
ROA, 3-year average22.73%
ROE, 5-year average25.97%
ROCE, 5-year average29.90%
ROA, 5-year average20.05%
ROIC (approx.)24.94%
Tax rate26.30%
Other income / net worth4.10%
Growth
Sales growth (latest year)9.60%
Profit growth (latest year)-1.28%
Sales CAGR, 3 years39.52%
Sales CAGR, 5 years30.62%
Profit CAGR, 3 years55.16%
Profit CAGR, 5 years38.91%
Sales growth QoQ-13.00%
Profit growth QoQ13.33%
Sales growth YoY (latest quarter)75.22%
Profit growth YoY (latest quarter)11.15%
Per share
EPS (TTM)Rs 12.45
EPS (latest year)Rs 11.98
EPS (latest quarter)Rs 4.49
EPS, 3-year averageRs 11.12
EPS, 5-year averageRs 8.63
Book value per shareRs 57.33
Sales per shareRs 28.57
Cash flow per shareRs 6.69
Free cash flow per shareRs 6.22
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout, 5-year average15.21%
Efficiency
Asset turnover0.36x
Fixed asset turnover0.85x
Inventory turnover0.83x
Inventory days438 days
Debtor days119 days
Debtors turnover3.08x
Creditor days167 days
Cash conversion cycle395 days
Working capital days232 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 13 Cr
Net debtRs -10 Cr
Debt to equity0.03x
Net debt / EBITDA-0.27x
Interest coverage54.98x
Owners' fund to total sources82.14%
Debt to assets2.65%
Cash flow
Cash from Operating Activity (latest year)Rs 13 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 11 Cr
Free cash flow (latest year)Rs 12 Cr
FCFE (approx.: FCF + change in debt)Rs 11 Cr
Cash from ops / profit, 5 years0.52x
Sales to cash flow3.73x
Statement figures
Net sales (TTM)Rs 55 Cr
Net sales (latest year)Rs 48 Cr
Sales (latest quarter)Rs 16 Cr
Operating profit excl. other income (latest year)Rs 29 Cr
Operating profit (latest quarter)Rs 9 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 36 Cr
PBDT (TTM)Rs 35 Cr
Profit before tax (TTM)Rs 33 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 24 Cr
Net profit (latest year)Rs 23 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 13 Cr
Total expenditure (latest year)Rs 19 Cr
Total income (latest year)Rs 53 Cr
Share capitalRs 19 Cr
ReservesRs 91 Cr
Shareholders' fundsRs 111 Cr
Total assetsRs 135 Cr
Net blockRs 57 Cr
InvestmentsRs 12 Cr
ReceivablesRs 16 Cr
InventoryRs 15 Cr
Other liabilitiesRs 20 Cr
Shares outstanding (crore)1.93
Ownership
Promoter holding73.35% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 31.2 is at the 16th percentile of its own 7.4-year range
(median 51.9, low 15.0, high 169.5).
P/B 6.78 is at the 62th percentile (median 4.77).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ECORECO | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.3% | -2.8% | -4.5 pts |
| 1 month | -16.3% | -6.8% | -9.5 pts |
| 3 years | +90.8% | +14.2% | +76.6 pts |
| 5 years | +394.7% | +27.9% | +366.8 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was 42% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew 105% vs sales +10% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹16 Cr +75.2% vs Jun 2025.
Net profit ₹9 Cr +13.3%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Refex Industries Ltd | 3,729 | 13.1 | 22.7 % |
| EMS Ltd | 1,874 | 27.5 | 12.8 % |
| Antony Waste Handling Cell Ltd | 1,029 | 17.6 | 11.2 % |
| Effwa Infra & Research Ltd | 831 | 29.0 | 29.3 % |
| Namo eWaste Management Ltd | 765 | 53.4 | 21.3 % |
| Z-Tech (India) Ltd | 641 | 17.4 | 20.0 % |
| Concord Enviro Systems Ltd | 538 | 6.76 % | |
| VVIP Infratech Ltd | 360 | 12.0 | 18.8 % |
| Hi-Green Carbon Ltd | 307 | 59.4 | 10.2 % |
| Organic Recycling Systems Ltd | 304 | 12.1 | 15.9 % |
| Race Eco Chain Ltd | 206 | 27.4 | 11.1 % |
| Urban Enviro Waste Management Ltd | 106 | 7.14 | 29.1 % |
| Gem Enviro Management Ltd | 81 | 18.2 | 11.8 % |
| Greenleaf Envirotech Ltd | 65 | 9.01 | 34.7 % |
| EP Biocomposites Ltd | 16 | 11.3 | 16.3 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-18 | Dividend - Re 1 Per Share |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Eco Recycling Ltd?
Eco Recycling Ltd (ECORECO) has a market capitalisation of Rs 779 Cr. at the 2026-10-01 close.
What is the P/E ratio of Eco Recycling Ltd?
Eco Recycling Ltd trades at a P/E of 32.4 on trailing twelve-month profit, at the 2026-10-01 close.
What were Eco Recycling Ltd's latest quarterly results?
In the Jun 2026 quarter, Eco Recycling Ltd sales was Rs 16 Cr (+75.2% vs Jun 2025) and net profit was Rs 9 Cr.
What is the 52-week high and low of Eco Recycling Ltd?
The 52-week high is Rs 494.90 and the 52-week low is Rs 386.00.