ECO RECYCLING LTD.

Recycles electronic waste, with 31,200 MTPA of installed capacity and operations spanning more than 20 years, generating Rs 48.18 crore of revenue in FY26 at a 69.2% EBITDA margin. The core business takes in end-of-life electronics and recovers materials for reuse, with Extended Producer Responsibility (EPR) credits called out as a growing revenue stream. It has received eligibility status under the National Critical Minerals Mission (NCMM) to move into critical mineral and battery recycling, and is forming a 50:50 joint venture with US-based Electronic Recyclers International (ERI) to add IT Asset Disposition, enterprise recycling, circular economy services and secure data destruction. Its subsidiary Ecoreco Park Private Limited develops recycling and industrial parks; the company is buying out minority holders to make EPPL wholly owned. FY26 net profit was Rs 22.9 crore on total assets of Rs 134.68 crore, with the balance sheet debt-free and Rs 13.43 crore in cash. Costs are dominated by materials at 20.7% of revenue, followed by employees (7.2%), other opex (6.8%) and depreciation (3.3%). It is raising up to Rs 12.33 crore from promoter warrants, earmarked for land and buildings, technology for critical mineral recovery, and general corporate purposes. AR · MarketPing reader · 2026-08-02

Revenue streams, as the annual report describes them. E-waste recycling, IT Asset Disposition and enterprise recycling, Critical mineral and battery recycling, Recycling park development. Asset-light services-led e-waste recycling with very high EBITDA margins and a debt-free balance sheet.

Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)