Eco Recycling Ltd
BSE:530643
Eco Recycling Ltd
Eco Recycling Ltd. engages in the recycling of electrical and electronic waste business. The company is headquartered in Mumbai, Maharashtra. The firm is engaged in the business of recycling of electrical and electronic waste (e-waste), data-destruction, recycling of fused lamps, providing services relating to extended producers responsibility (EPR), corporate social responsibility (CSR) and other affiliated activities. Its end-to-end services include removal of the asset from the client's premise, inventorization, packing, reverse logistic, data destruction, e-waste (WEEE) recycling, asset recovery, dismantling, e-waste recycling, lamp recycling, precious metal recovery, EPR implementation, CSR enabling on pan India basis as well as in other neighboring countries either directly or through its association with electronic waste recycling companies. The firm provides an integrated solution for e-waste management to multinational companies, bulk consumers, original equipment manufacturers, government departments and households, among others.
Eco Recycling Ltd. engages in the recycling of electrical and electronic waste business. The company is headquartered in Mumbai, Maharashtra. The firm is engaged in the business of recycling of electrical and electronic waste (e-waste), data-destruction, recycling of fused lamps, providing services relating to extended producers responsibility (EPR), corporate social responsibility (CSR) and other affiliated activities. Its end-to-end services include removal of the asset from the client's premise, inventorization, packing, reverse logistic, data destruction, e-waste (WEEE) recycling, asset recovery, dismantling, e-waste recycling, lamp recycling, precious metal recovery, EPR implementation, CSR enabling on pan India basis as well as in other neighboring countries either directly or through its association with electronic waste recycling companies. The firm provides an integrated solution for e-waste management to multinational companies, bulk consumers, original equipment manufacturers, government departments and households, among others.
Strong Revenue Growth: Stand-alone Q4 revenue grew 78.33% year-on-year to INR 8.56 crores, with FY '24 revenue up 52.26% to INR 32.63 crores.
Profit Surge: FY '24 profit after tax reached INR 16.20 crores, up 162.56% year-on-year.
Capacity Expansion: New 18,000 metric ton recycling facility is operational, with total setup capacity now at 25,200 metric tons.
Capacity Utilization Strategy: Current utilization is about 60% (4,000 MT out of 7,200 MT), with a target of 12,000 MT in FY '25 and near full utilization by FY '26.
EPR Delays Impact Q4: EPR portal was down for much of March, limiting EPR revenue in Q4, but management expects stronger EPR fees in the current quarter.
Margin Focus: Company prioritizes high-margin business over volume, maintaining a minimum EBITDA margin focus of 40%.
TERRA Membership: Ecoreco became the first Indian member of TERRA, enhancing credibility and access to multinational clients.
Temporary Disruptions: Q4 sales impacted by a fire in January and EPR portal downtime.
