Eco Recycling (ECORECO)₹395.75−2.24%Waste Management
In the Jun 2026 quarter (consolidated), Eco Recycling reported sales of ₹16.24 Cr, up 75.0% from Jun 2025, and net profit of ₹9.16 Cr, up 13.1% year on year. For the year to Mar 2026, sales were ₹48.21 Cr and net profit ₹23.03 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| 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 | 7.12 | 7.49 | 8.08 | 11.45 | 12.92 | 9.95 | 9.81 | 9.28 | 14.47 | 5.93 | 18.69 | 16.24 |
| Expenses | 2.84 | 2.24 | 4.39 | 3.22 | 3.67 | 3.31 | 2.82 | 4.20 | 7.25 | 2.40 | 5.70 | 7.11 |
| Operating Profit | 4.28 | 5.25 | 3.69 | 8.20 | 9.22 | 6.63 | 6.97 | 5.07 | 7.20 | 3.53 | 12.94 | 9.12 |
| OPM % | 60.2% | 70.2% | 45.8% | 71.9% | 71.6% | 66.8% | 71.3% | 54.8% | 49.9% | 59.6% | 69.5% | 56.3% |
| Other Income | 2.97 | 2.12 | −0.38 | 2.03 | 1.02 | −0.45 | −0.26 | 4.36 | 0.05 | 1.13 | −0.94 | 2.93 |
| Interest | 0.13 | 0.12 | 0.36 | 0.18 | 0.18 | 0.17 | 0.16 | 0.16 | 0.16 | 0.15 | 0.26 | 0.09 |
| Depreciation | 0.27 | 0.36 | −0.27 | 0.25 | 0.26 | 0.26 | 0.28 | 0.31 | 0.31 | 0.30 | 0.70 | 0.58 |
| Profit before tax | 6.88 | 6.92 | 3.21 | 9.83 | 9.83 | 5.76 | 6.28 | 9.00 | 6.81 | 4.24 | 11.05 | 11.41 |
| Tax % | 10.9% | 17.1% | 48.4% | 17.0% | 16.7% | 17.6% | 64.9% | 10.0% | 17.6% | 51.5% | 35.3% | 19.5% |
| Net Profit | 6.13 | 5.74 | 1.66 | 8.14 | 8.19 | 4.75 | 2.21 | 8.10 | 5.61 | 2.06 | 7.15 | 9.16 |
| EPS (Rs) | 3.02 | 2.89 | 0.97 | 4.13 | 4.15 | 2.52 | 1.07 | 4.03 | 2.96 | 1.01 | 3.95 | 4.48 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37.15 | 19.07 | 12.05 | 12.05 | 12.04 | 13.04 | 15.07 | 18.06 | 28.12 | 44.20 | 48.21 | 55.33 |
| Expenses | 36.15 | 18.06 | 12.05 | 11.05 | 10.04 | 12.04 | 12.04 | 14.04 | 12.05 | 13.04 | 19.06 | 22.46 |
| Operating Profit | 1.01 | 1.01 | −1.01 | 2.01 | 3.01 | 1.01 | 4.01 | 4.01 | 16.02 | 31.04 | 29.01 | 32.79 |
| OPM % | 1.8% | 5.0% | −8.0% | 15.1% | 21.0% | 8.0% | 24.0% | 22.0% | 59.0% | 71.1% | 60.0% | 59.3% |
| Other Income | 0.00 | −0.99 | −5.98 | 0.00 | 0.00 | 4.98 | 10.97 | 3.99 | 6.98 | 1.99 | 4.98 | 3.17 |
| Interest | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 0.66 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 2.01 | 1.89 |
| Profit before tax | 0.00 | −2.01 | −9.01 | 1.01 | 1.01 | 6.01 | 14.01 | 7.01 | 22.03 | 32.04 | 31.01 | 33.51 |
| Tax % | 75.0% | −3.0% | 0.0% | −39.0% | 9.0% | 20.0% | 11.0% | 6.0% | 18.0% | 26.0% | 26.0% | — |
| Exceptional items | −0.01 | −1.34 | −8.29 | −0.13 | −0.39 | 3.72 | 8.08 | 2.09 | 2.29 | 2.18 | −0.34 | — |
| Net Profit | 0.00 | −1.99 | −9.01 | 1.01 | 1.01 | 4.01 | 12.99 | 6.01 | 18.01 | 23.03 | 23.03 | 23.98 |
| EPS (Rs) | −0.10 | −0.84 | −4.57 | 0.56 | 0.57 | 2.31 | 6.57 | 3.20 | 9.22 | 12.12 | 11.95 | 12.40 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 15.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| 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 | 18.05 | 18.04 | 18.02 | 18.01 | 18.03 | 19.02 | 19.05 | 19.06 | 19.05 | 19.06 | 19.07 | 19.06 |
| Reserves | 12.95 | 12.96 | 9.97 | 5.98 | 5.98 | 3.99 | 11.95 | 29.97 | 26.95 | 46.95 | 68.91 | 90.85 |
| Borrowings | 17.04 | 19.07 | 20.03 | 23.03 | 20.02 | 17.02 | 11.03 | 11.04 | 1.01 | 5.02 | 4.01 | 4.02 |
| Other Liabilities | 14.92 | 23.95 | 5.97 | 2.98 | 1.99 | 2.98 | 2.00 | 6.03 | 16.08 | 10.05 | 18.09 | 20.10 |
| Total Liabilities | 62.96 | 73.02 | 53.99 | 49.00 | 46.02 | 44.01 | 46.03 | 67.10 | 63.09 | 81.08 | 111 | 135 |
| Fixed Assets | 8.01 | 14.01 | 14.01 | 22.01 | 22.03 | 22.02 | 22.03 | 20.03 | 34.06 | 39.04 | 59.09 | 57.05 |
| CWIP | 12.98 | 7.99 | 8.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 7.03 | 7.03 | 2.01 | 3.01 | 3.01 | 3.01 | 7.03 | 20.09 | 15.06 | 18.08 | 12.04 | 12.04 |
| Other Assets | 35.94 | 43.99 | 27.98 | 23.98 | 21.98 | 18.98 | 15.97 | 25.98 | 14.97 | 23.96 | 39.95 | 65.94 |
| Inventories | 8.53 | 8.88 | 8.98 | 6.49 | 2.88 | 2.70 | 2.21 | 4.39 | 4.12 | 6.29 | 11.88 | 15.49 |
| Trade receivables | 16.45 | 23.78 | 10.33 | 4.45 | 4.24 | 2.41 | 1.09 | 1.00 | 2.44 | 4.44 | 7.61 | 15.64 |
| Cash & equivalents | 0.15 | 0.41 | 0.11 | 0.15 | 1.76 | 0.03 | 1.65 | 10.93 | 1.17 | 1.53 | 2.93 | 13.47 |
| Total Assets | 62.96 | 73.02 | 53.99 | 49.00 | 46.02 | 44.01 | 46.03 | 67.10 | 63.09 | 81.08 | 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 | 1.01 | 2.01 | −1.01 | 1.01 | 8.02 | 5.02 | 9.03 | 0.00 | 16.04 | −3.01 | 17.05 | 13.03 |
| Cash from investing activity | −0.99 | −1.99 | 0.99 | 0.00 | −2.99 | −3.98 | 0.00 | 7.97 | −23.91 | 2.99 | −13.94 | −0.99 |
| Cash from financing activity | 0.00 | 0.00 | 0.00 | −0.99 | −4.01 | −4.01 | −7.01 | 0.00 | −1.01 | 0.00 | −1.01 | −0.99 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | −2.01 | 2.01 | 8.03 | −9.04 | 0.00 | 1.01 | 11.03 |
| Capex | 0.09 | 1.28 | 1.51 | 0.00 | 2.10 | 0.50 | 0.25 | 0.00 | 21.39 | 2.03 | 20.46 | 1.05 |
| Free cash flow | 0.99 | 0.99 | −1.99 | 0.99 | 5.99 | 4.99 | 7.99 | 0.00 | −4.99 | −4.99 | −3.99 | 11.98 |
| CFO / OP % | 46.0% | 324.0% | −66.0% | −91.0% | 468.0% | 221.1% | 905.0% | 56.1% | 447.0% | 8.0% | 81.0% | 71.0% |
| 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 | 193 | 235 | 193 | 140 | 124 | 71 | 31 | 23 | 49 | 57 | 62 | 118 |
| Inventory days | 123 | 103 | 274 | 316 | 169 | 233 | 177 | 271 | 250 | 396 | 651 | 442 |
| 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 % | — | 2.0% | 2.0% | 1.0% | 4.0% | 6.0% | 3.0% | 10.0% | 8.0% | 33.0% | 37.0% | 31.1% |
For the Jun 2026 quarter, Eco Recycling reported sales of ₹16.24 Cr, up 75.0% year on year and net profit of ₹9.16 Cr, up 13.1% year on year. The operating margin was 56.3%.
Eco Recycling's sales for the year to Mar 2026 were ₹48.21 Cr; over the last twelve months they were ₹55.33 Cr.
Net profit for the year to Mar 2026 was ₹23.03 Cr, and ₹23.98 Cr over the last twelve months. Earnings per share over the same trailing period were ₹12.40.
Eco Recycling reported borrowings of ₹4.02 Cr at Mar 2026, against cash and equivalents of ₹13.47 Cr.
Cash from operations was ₹13.03 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹11.98 Cr.