ECO RECYCLING LIMITED (530643) - STOCK OF THE WEEK

Dear friends, today I am expressing my view on one E waste management company.

ECO RECYCLING LIMITED (530643)

Eco Recycling Ltd (Ecoreco) an ISO 9001, 14001 & 18001India's first and leading professional E-waste Management Company that has set industry benchmarks time and again with its innovative & environment friendly disposal practices.

As the industry pioneer and market leader, Ecoreco provides an end to end seamlessly integrated solution for e-waste management to Multi-National Companies (MNC), Indian Multi-National Corporates (Indian MNC), other Corporates, Retailers, Bulk Consumers, Original Equipment Manufacturers (OEM), Government Departments, NGOs, Households, Philanthropy Organisations, Educational Institutions and all other entities willing to discard their e-waste in an environment friendly manner.

SERVICES

1 . RECYCLING & RECOVERY

As India is producing 3 million MT of E waste annually and it is estimated to reach 20 million Mt by 2020.

Ecoreco's recycling facility encompasses end-to-end processing of e-waste. As the first facility registered by the Central Pollution Control Board and authorised by the Maharashtra Pollution Control Board, our safe & secured recycling process ensures complete protection of environment with maximum recovery out of end-of-life electronic equipment.

Mainly 5 steps are involved in this activity finally recovery of metals from the waste is done. 

2.REVERSE LOGISTICS

Here company is having number of collection points and trucks to collect the e waste from different points. 

Ecoreco will provide three-tier architecture to OEMs to meet their EPR obligations, last mile collection points, state level dismantling centres and national level recycling centres. Ecoreco endeavours to be the first Indian companies to envisage an integrated reverse logistics network to facilitate effective collection of e-waste from end consumers across the country.

3. DATA DESTRUCTION

AS the one of the important activity is to destroy the data inside. Ecoreco provides complete secure destruction of the data. Beebe the hardware can be destroyed. 

4. LAMP RECYCLING

Ecoreco provides easy and convenient options for both businesses and consumers to recycle waste lamps both onsite and offsite. Collaborating with manufacturers and bulk consumers to incorporate responsible lamp recycling as a part of their CSR mandate, Ecoreco is committed to support the creation of a mercury-free environment in the country.

INFRASTRUCTURE

Above is the snapshot of the company's infrastructure in the E waste management. 

COMPANY AT GLANCE

India's first and leading professional e-waste management company

India’s only listed company on the Bombay Stock Exchange (BSE) in the e-waste segment

Its shareholders include BCCL (Times of India group), Nippon Magnetic Japan

The first facility registered and authorised by the CPCB & MPCB in India

Its R&D facility is recognised by DSIR

Following Corporate Governance is in its DNA

ISO 9001, 14001 & 18001 Certified Recycling Facility

Proud winner of award for best in class technology, mobile shredding facility, niche market player, recycler of the year, best business plan etc.

Best-in-class scientific e-waste recycling facility in India

Pan-India reverse logistics network enabling efficient supply chain management

Highest standards of accountability in e-waste management

Compliance with domestic and international WEEE standards

Leading technologies from Europe, USA and Japan to recapture maximum recovery of commodities from electrical and electronic waste and scientific disposal of hazardous elements

100% digital data destruction / sanitization (including onsite data destruction using India’s first mobile shredding facility) to completely securitise clients

Transparent and accurate reporting to clients along with issue of certificate of secure data destruction and certificate of e-waste recycling

Adherence to the highest Environmental, Health and Safety (EHS) standards across all processes

Company website: Clickhere

FINANCIALS AND OUTLOOK

Company shares are trading in BSE. Promoter holding in company 69.41% (Promoters have increased their stake) 

Company posted 4.59 Cr top line in June Qtr.

Net profit is 0.56 Cr bottom-line in June Qtr.

Debt to equity 0.66

Stock is trading at Rs 47

E waste is a big concern in this time worldwide. As this is digital era e waste can't be eliminated and it's generation is grow in Exponential manner. Actually this is huge positive for the company,  as more and more measures will be taken by the government,  OEM to destroy this waste. As very few company's are there in this field,  and Ecoreco is one of the pioneers in this field. 

Considering above and performance of the company stock will catch the momentum, rerate and will give handsome returns to the investors in near future.

NOTE : THE ABOVE IS NOT A RESEARCH REPORT NOR A RECOMMENDATION  BUT INFORMATION AS AVAILABLE ON PUBLIC DOMAIN. 

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”