ECORECO

Eco Recycling Limited

Eco Recycling Limited (ECORECO) financial statements and selected valuation metrics through 30 June 2026.

Utilities›Utilities›Other Utilities›Waste Management

ecoreco.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹413.15
Market cap
797 Cr
Stock P/E
33.2
P/B
7.21
Dividend yield
0.2%
ROE (FY26)
20.6%
ROCE (FY26)
27.8%
Operating margin (FY26)
56.3%
Debt / equity (FY26)
0.02
OCF / EBITDA (FY26)
44.9%
OCF / EBITDA (3Y)
35.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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Company snapshot

4thBy market cap

Ranked among 6 companies in Waste Management.

What we see

Positives
  • ✓Net margin of 47.5% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Only 36% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales7 Cr7 Cr8 Cr11 Cr13 Cr10 Cr10 Cr9 Cr14 Cr6 Cr19 Cr16 Cr
Operating expenses (approx.)3 Cr2 Cr4 Cr3 Cr4 Cr3 Cr3 Cr4 Cr7 Cr2 Cr6 Cr7 Cr
EBITDA4 Cr5 Cr4 Cr8 Cr9 Cr7 Cr7 Cr5 Cr7 Cr4 Cr13 Cr9 Cr
OPM %60.1%70.1%45.7%71.8%71.6%66.7%71.2%54.8%49.9%59.6%69.5%56.3%
Other income3 Cr2 Cr-0.39 Cr2 Cr1 Cr-0.46 Cr-0.27 Cr4 Cr0.06 Cr1 Cr-0.95 Cr3 Cr
Interest0.12 Cr0.11 Cr0.35 Cr0.17 Cr0.17 Cr0.16 Cr0.15 Cr0.15 Cr0.15 Cr0.14 Cr0.25 Cr0.08 Cr
Depreciation0.26 Cr0.35 Cr-0.26 Cr0.24 Cr0.25 Cr0.25 Cr0.27 Cr0.30 Cr0.30 Cr0.29 Cr0.69 Cr0.57 Cr
Profit before tax7 Cr7 Cr3 Cr10 Cr10 Cr6 Cr6 Cr9 Cr7 Cr4 Cr11 Cr11 Cr
Tax %10.9%17.1%48.4%17.0%16.7%17.6%45.5%10.0%17.6%51.5%35.3%19.6%
Net profit6 Cr6 Cr2 Cr8 Cr8 Cr5 Cr3 Cr8 Cr6 Cr2 Cr7 Cr9 Cr
EPS (₹)₹3.17₹2.97₹0.86₹4.23₹4.25₹2.45₹1.19₹4.19₹2.97₹1.02₹3.85₹4.49

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales——12 Cr12 Cr13 Cr15 Cr18 Cr28 Cr44 Cr48 CrSign in free for the trailing twelve months
Operating expenses (approx.)——11 Cr11 Cr12 Cr12 Cr14 Cr12 Cr13 Cr19 CrSign in free for the trailing twelve months
EBITDA——2 Cr1 Cr0.55 Cr3 Cr4 Cr16 Cr31 Cr29 CrSign in free for the trailing twelve months
OPM %——14.6%12.1%4.3%18.4%22.0%58.7%70.5%59.6%Sign in free for the trailing twelve months
Other income——0.46 Cr1 Cr6 Cr12 Cr4 Cr7 Cr2 Cr5 CrSign in free for the trailing twelve months
Interest——1 Cr0.80 Cr0.31 Cr0 Cr0.15 Cr0.70 Cr0.64 Cr0.69 CrSign in free for the trailing twelve months
Depreciation——0.47 Cr0.48 Cr0.48 Cr0.47 Cr0.94 Cr0.80 Cr1 Cr2 CrSign in free for the trailing twelve months
Profit before tax——0.79 Cr1 Cr6 Cr14 Cr7 Cr22 Cr32 Cr31 CrSign in free for the trailing twelve months
Tax %——-39.3%9.0%19.7%10.6%6.4%17.9%22.3%26.3%Sign in free for the trailing twelve months
Net profit——1 Cr1 Cr4 Cr13 Cr6 Cr18 Cr25 Cr23 CrSign in free for the trailing twelve months
EPS (₹)——₹0.63₹0.57₹2.32₹6.56₹3.21₹9.44₹12.12₹11.87Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital18 Cr18 Cr18 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr
Reserves10 Cr6 Cr6 Cr4 Cr12 Cr30 Cr27 Cr46 Cr69 Cr91 Cr
Borrowings19 Cr21 Cr20 Cr16 Cr11 Cr11 Cr1 Cr1 Cr3 Cr2 Cr
Other liabilities7 Cr3 Cr2 Cr4 Cr2 Cr6 Cr15 Cr11 Cr18 Cr20 Cr
Total liabilities54 Cr47 Cr46 Cr44 Cr46 Cr67 Cr63 Cr78 Cr111 Cr135 Cr
Fixed assets (net)8 Cr22 Cr22 Cr22 Cr22 Cr20 Cr34 Cr39 Cr59 Cr57 Cr
CWIP9 Cr——0 Cr0 Cr———0 Cr0 Cr
Investments2 Cr3 Cr3 Cr3 Cr7 Cr20 Cr15 Cr16 Cr12 Cr12 Cr
Loans & advances——0 Cr0.34 Cr0.65 Cr0.30 Cr0 Cr0 Cr0 Cr0 Cr
Inventories9 Cr6 Cr3 Cr3 Cr2 Cr4 Cr4 Cr6 Cr12 Cr15 Cr
Trade receivables10 Cr4 Cr6 Cr2 Cr1 Cr1 Cr2 Cr4 Cr8 Cr16 Cr
Cash & bank0.10 Cr0.14 Cr2 Cr0.02 Cr2 Cr10 Cr1 Cr0.69 Cr3 Cr13 Cr
Other assets16 Cr11 Cr10 Cr14 Cr11 Cr11 Cr7 Cr11 Cr18 Cr21 Cr
Total assets54 Cr47 Cr46 Cr44 Cr46 Cr67 Cr63 Cr78 Cr111 Cr135 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-0.71 Cr0.76 Cr8 Cr—12 Cr2 Cr16 Cr-3 Cr17 Cr13 Cr
Cash from investing0.85 Cr0.08 Cr-3 Cr—-0.62 Cr6 Cr-24 Cr3 Cr-14 Cr-0.91 Cr
Cash from financing-0.45 Cr-0.60 Cr-4 Cr—6 Cr-0.11 Cr-0.86 Cr-0.36 Cr-1 Cr-1 Cr
Net cash flow-0.30 Cr0.24 Cr2 Cr—18 Cr8 Cr-9 Cr0.35 Cr1 Cr11 Cr
Free cash flow (OCF − Capex)——6 Cr—12 Cr2 Cr-5 Cr-5 Cr-4 Cr12 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %——4.1%5.0%13.6%23.4%13.9%30.5%35.0%27.8%
ROE %——4.6%4.7%14.1%18.7%13.1%30.6%27.5%20.6%
Debtor days——190723224505863118
Inventory days——848063223373497622564
Days payable——672989791066213
Cash conversion cycle——26814693149-555546619469
OCF / EBITDA %——461.1%—2158.2%72.6%417.4%-15.7%54.5%44.9%
OCF / EBITDA % (3 years)——————415.8%68.1%59.7%35.7%
Debt / equity0.680.870.850.690.360.230.030.020.030.02
Current ratio1.984.573.932.675.975.391.104.473.194.52
Net debt / EBITDA——10.1511.1117.710.490.060.00-0.0074-0.39