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Eco Recycling Ltd (ECORECO)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530643 NSE: ECORECO Environmental Services | Small Cap | Eco Recycling Share Price
₹441.45 5.30 (1.22%)
As on 11-Sep'26 16:59
Eco Recycling Ltd (ECORECO)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530643 NSE: ECORECO Environmental Services | Small Cap | Eco Recycling Share Price
₹441.45 5.30 (1.22%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹852 Cr.
Current Price
₹441.5
52-Week Low / High
₹225 / 640
TTM EPS
₹12.5
TTM Sales
₹55.1 Cr.
Book Value per Share
₹61.1
P/E Ratio
35.46
Lower than its 5-year historical median
Industry PE
33
Price to Book (P/B)
7.22
Lower than its 5-year historical median
Price to Sales (P/S)
15.45
Lower than its 5-year historical median
EV/EBITDA
23.33
Lower than its 5-year historical median
Dividend Yield
0.23%
Profitability Efficiency
Return on Equity (ROE)
23.51%
Outperforms industry median
Return on Capital Employed (ROCE)
32.61%
Outperforms industry median
Return on Assets (ROA)
18.68%
Operating Profit Margin
59.8%
Net Profit Margin
47.53%
Gross Profit Margin
67.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
9.6%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-7.35%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-2.05%
Asset Quality
Promoter Holding
73.35%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹99 Cr.
Equity
₹19.3 Cr.
Face Value
₹10
All Time Low / High
₹2.05 / 1215.10
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Eco Recycling Ltd a good quality company?
Eco Recycling Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Eco Recycling Ltd performance compare with that of its Peers?
Revenue growth of Eco Recycling Ltd vs industry peers?
Eco Recycling Ltd revenue CAGR is 30.62%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Eco Recycling Ltd?
Promoters hold 73.35% of the Eco Recycling Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Eco Recycling Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 28.9% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Eco Recycling Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.4% | -16.5% | 5.3% | 5.6% | 16.4% | 30.9% | 14% | 40.2% | 46.1% | 34.2% | - |
| Value Creation Index ⓘ | -1.0 | -2.2 | -0.6 | -0.6 | 0.2 | 1.2 | 0 | 1.9 | 2.3 | 1.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 19.5 | 11.5 | 12.4 | 12.2 | 12.7 | 15.1 | 17.7 | 28 | 44 | 48.2 | 55 |
| Sales YoY Gr. | - | -40.8% | 8% | -2% | 3.9% | 19.2% | 17.4% | 58% | 56.9% | 9.6% | - |
| Adj EPS ⓘ | 0.5 | -1.4 | 0.7 | 1.1 | 0.6 | 3.2 | 2.2 | 7.7 | 11.7 | 12.6 | 12.4 |
| YoY Gr. | - | -383.3% | NA | 49.3% | -45.9% | 440.7% | -32% | 256.7% | 51.7% | 7% | - |
| BVPS (₹) ⓘ | 15 | 9.8 | 10 | 9.9 | 14.1 | 23.2 | 21.6 | 30.7 | 42.6 | 54.7 | 58.2 |
| Adj Net Profit ⓘ | 0.9 | -2.6 | 1.4 | 2.1 | 1.1 | 6.2 | 4.2 | 14.9 | 22.7 | 24.2 | 24 |
| Cash Flow from Ops. ⓘ | -0.6 | 0.8 | 6.7 | 5.5 | 7.2 | 0.6 | 16.6 | -2.1 | 15.9 | 13.3 | - |
| Debt/CF from Ops. ⓘ | -35 | 27 | 2.7 | 3 | 1.3 | 17.6 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 10.6% | 30.6% | 39.6% | 9.6% | ||||
| Adj EPS ⓘ | 43.7% | 84.3% | 79.6% | 7% | ||||
| BVPSⓘ | 15.5% | 31.2% | 36.2% | 28.4% | ||||
| Share Price | 28.9% | 43.7% | 29.3% | -25.7% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.1 | -9.8 | 5.6 | 8.3 | 3.9 | 14.6 | 8.5 | 26.4 | 29.5 | 24.2 | 22 |
| Op. Profit Mgn % ⓘ | 14.6 | -4.6 | 16.3 | 28.4 | 7.7 | 23 | 22.5 | 58.9 | 70.5 | 59.9 | 59.6 |
| Net Profit Mgn % ⓘ | 4.8 | -22.8 | 11.4 | 17.2 | 9 | 40.7 | 23.6 | 53.3 | 51.5 | 50.3 | 43.4 |
| Debt to Equity ⓘ | 0.7 | 1.1 | 0.9 | 0.9 | 0.4 | 0.2 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 678 | 796 | 607 | 583 | 487 | 366 | 285 | 218 | 241 | 337 | 160 |
| Cash Conv. Cycle ⓘ | 152 | 402 | 256 | 171 | 113 | 75 | -100 | -47 | 104 | 132 | 113 |
Valuation of Eco Recycling - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19 | 12 | 12 | 12 | 13 | 15 | 18 | 28 | 44 | 48 |
| Operating Expenses ⓘ + | 18 | 12 | 11 | 11 | 12 | 12 | 14 | 12 | 14 | 20 |
| Operating Profit ⓘ | 1 | -1 | 2 | 1 | 1 | 3 | 4 | 16 | 30 | 28 |
| Operating Profit Margin (%) | 5.0% | -8.0% | 13.6% | 12.1% | 4.5% | 18.7% | 21.5% | 58.7% | 68.7% | 58.1% |
| Other Income ⓘ + | 0 | 3 | 1 | 1 | 6 | 12 | 4 | 7 | 3 | 5 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 |
| Profit Before Tax ⓘ | -2 | -9 | 1 | 1 | 6 | 14 | 7 | 22 | 32 | 31 |
| Tax ⓘ | -0 | 0 | -0 | 0 | 1 | 2 | 0 | 4 | 8 | 8 |
| Profit After Tax | -2 | -9 | 1 | 1 | 4 | 13 | 6 | 18 | 23 | 23 |
| PAT Margin (%) | -8.4% | -76.8% | 8.8% | 9.1% | 35.3% | 83.1% | 34.9% | 65.1% | 53.2% | 47.5% |
| Adjusted EPS (₹) | -0.9 | -4.6 | 0.6 | 0.6 | 2.3 | 6.6 | 3.2 | 9.2 | 12.1 | 12.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 15.20% | 0% | 0% | 0% | 8.40% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 28 | 24 | 24 | 24 | 32 | 50 | 46 | 66 | 88 | 111 | |
| Debt + | 19 | 23 | 20 | 16 | 11 | 11 | 0 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 1 | |
| Trade Payables | 4 | 0 | 0 | 0 | 0 | 2 | 11 | 0 | 1 | 6 | |
| Others Liabilities ⓘ | 3 | 3 | 2 | 4 | 2 | 4 | 4 | 13 | 20 | 17 | |
| Total Liabilities ⓘ | 54 | 49 | 46 | 44 | 46 | 67 | 62 | 81 | 111 | 135 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 14 | 22 | 22 | 22 | 22 | 20 | 34 | 39 | 59 | 57 | |
| CWIP ⓘ | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 2 | 3 | 3 | 3 | 7 | 20 | 15 | 18 | 12 | 12 | |
| Inventories | 9 | 6 | 3 | 3 | 2 | 4 | 4 | 6 | 12 | 15 | |
| Trade Receivables | 10 | 4 | 4 | 2 | 1 | 1 | 2 | 4 | 8 | 16 | |
| Cash Equivalents | 0 | 0 | 2 | 0 | 2 | 11 | 1 | 2 | 3 | 13 | |
| Others Assets ⓘ | 9 | 13 | 13 | 14 | 11 | 10 | 6 | 11 | 18 | 21 | |
| Total Assets ⓘ | 54 | 49 | 46 | 44 | 46 | 67 | 62 | 81 | 111 | 135 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -1 | 6 | 8 | 5 | 9 | 0 | 16 | -3 | 17 | 13 |
| Cash Flow From Investing Activity ⓘ + | 1 | -0 | -3 | -4 | -0 | 8 | -24 | 3 | -14 | -1 |
| Cash Flow From Financing Activity ⓘ + | -0 | -6 | -4 | -4 | -7 | -0 | -1 | -0 | -1 | -1 |
| Net Cash Flow ⓘ | -0 | 0 | 2 | -2 | 2 | 8 | -9 | 0 | 1 | 11 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -5.59 | -38.97 | 6.25 | 5.35 | 18.13 | 34.61 | 13.51 | 33.76 | 31.16 | 23.51 |
| ROCE (%) | -0.92 | -17.42 | 4.6 | 5.13 | 15.16 | 29.7 | 13.18 | 42.45 | 43.18 | 32.61 |
| Asset Turnover Ratio | 0.31 | 0.22 | 0.26 | 0.27 | 0.28 | 0.27 | 0.27 | 0.39 | 0.46 | 0.39 |
| PAT to CFO Conversion(x) | N/A | N/A | 8 | 5 | 2.25 | 0 | 2.67 | -0.17 | 0.74 | 0.57 |
| Working Capital Days | ||||||||||
| Receivable Days | 320.10 | 234.50 | 127.70 | 99.70 | 50.60 | 25.10 | 35.60 | 44.90 | 50.10 | 88.20 |
| Inventory Days | 167.10 | 244.50 | 137 | 83.20 | 70.40 | 78.60 | 87.40 | 67.70 | 75.30 | 103.50 |
| Payable Days | 406.50 | 98.10 | 6.90 | 18.90 | 12.10 | 61.30 | 387.70 | 349.40 | 41.20 | 101.10 |
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Eco Recycling Ltd FAQs
The current trading price of Eco Recycling on 11-Sep-2026 16:59 is ₹441.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Eco Recycling stood at ₹851.9 Cr
The latest P/E ratio of Eco Recycling as of 10-Sep-2026 is 35.60.
The latest P/B ratio of Eco Recycling as of 10-Sep-2026 is 7.58.
The 52-week high of Eco Recycling is ₹640.0 and the 52-week low is ₹225.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Eco Recycling is ₹55.13 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Eco Recycling Ltd is a average quality company.
The key valuation ratios of Eco Recycling Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Eco Recycling Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Eco Recycling Ltd
Infotrek Syscom incorporated in the year 1994, as a private limited company and was converted into a pimited company in the year 1995, it went public in the same year and is listed on the Bombay Stock Exchange since June,1995.
Infotrek Syscom is presently engaged in the business of Electronic Equipment Recycling. The company’s facilities are located in Panvel, Navi Mumbai, India, spread over 7000 sq ft constructed area run by qualified & experienced professionals having access to modern tools and technology at their disposal.
Typically asset management activity deals with managing small and large volumes of retired electronic equipment, since newer and more technically advanced equipment are being placed into service. In nutshell asset management includes five basic activities:
- Equipment refurbishment and resale
- De-manufacturing and disassembly
- Harvesting valuable components
- Hazardous and base metal recovery
- Hazardous component management
Infotrek Syscom Ltd has a 100% Export Oriented Unit and probably is the only company in this sector. It is proud to claim that it has been assigned ISO 9001:2000 certification. Over & above that Infotrek Syscom Ltd is Member of IAER, NY-USA.
The company has chalked out a business plan to develop it's own facilities of 45,000 sq. ft in the vicinity of Jawaharlal Nehru Port Trust (JNPT), Navi Mumbai, equipped with modern facilities to cater above services up to precious metal recovery. The location has been selected keeping the logistics in mind of imports from USA, UK, Malaysia and exports to Egypt, Sri Lanka, Bangladesh, Pakistan, and other neighboring nations.
The company is having a well structured facilities spread over 7000 sq.ft of area. MOU for acquiring 45000 sq ft of land near JNPT for container movement. Modern material handling equipments and fully equipped laboratory to facilitate R & D.
The facilities of the company extend latest knowledge to the qualified & experienced engineers.
Services offered by the company:
Recycling-Equipment Resale: Reselling the used computer equipment to release residual value.
Redeployment: Upgrading and redeploying equipment back in to the organization. Infotrek Syscom can take a required number of units and undertake refurbishment, hardware upgrade, configuration, individual customization, and then redeploy the equipment.
Computer Recycling: Infotrek Syscom’s computer recycling service enhances organisations’ environmental credentials by taking obsolete and non-working items, recovering materials and recycling them with no residual to landfill.
Employee Purchase: Offer value back to its own employees by allowing them to purchase equipment that are no use any longer . Infotrek Syscom work with clients to effectively manage the complex benefit-in-kind benefits, data protection and product safety and warranty issues.
Logistic Management: A network of logistics partners facilitates the collection and transportation of equipment to Infotrek Syscom premises ready for processing.Moving offices or transferring equipment: Infotrek Syscom offers an effective, secure and reliable solution including desktop disconnection, storage and reinstallation at the new location.
E-waste management activity:
- De-manufacturing and disassembly
- Recovering valuable components
- Hazardous and base metal recovery
- Hazardous component management
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