Operates in waste management and recycling, primarily as an Extended Producer Responsibility (EPR) credit intermediary connecting producers with recyclers under India's plastic and packaging waste rules. FY26 revenue stood at Rs 101.81 crore with the bulk of costs being other operating expenses at 80.6% of revenue and employee costs at 2.8%. Management has flagged that the CPCB's new EPR ETP portal could reduce its intermediation role. To diversify, the company is moving into scrap trading, solid waste management compliance, digital sustainability solutions, eco-industrial parks, and BRSR/ESG consulting. A wholly-owned subsidiary, GEM Green Infra Tech Private Limited, has been set up for infrastructure projects. A 51%-owned joint venture, GEM Ecomind Limited, was incorporated with Rudrabhishek Infosystem to provide technical solutions in recycling, waste management, and sustainability. The company has also approved acquiring up to 26% in Solluz Energy Private Limited, a solar EPC business with FY25 revenue of Rs 34.91 crore, for approximately Rs 5 crore. The website domain was changed from gemrecycling.com to gemenviro.com to reflect the broader business identity. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. EPR credit intermediation, Waste management and recycling services, Diversification initiatives, Infrastructure projects, Technical and sustainability solutions. Service-based waste management and EPR intermediary, facing potential disruption from CPCB's new EPR ETP portal
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 102 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 2.10 |
| ROE % · ROCE % | — · 12.3 |
| Debt / equity (x) | — |
| Cash from operations | (8) |
| Capex | (0) |
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 55 | 47 |
| Profit before tax | 4 | 2 |
| Net profit | — | — |
| EPS (₹) | 1.51 | 0.58 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REFEX INDUSTRIES LIMITED | 3,753 | 15.2 | 2.49 | 9.8 | 13.5 | 19.1 | 29.2 | 13.0 |
| EMS LIMITED | 2,125 | 31.2 | 2.01 | 14.8 | 8.6 | 11.0 | — | 17.9 |
| ANTONY WASTE HDG CELL LTD | 1,044 | 17.9 | 1.14 | 5.8 | 10.0 | 6.9 | 17.8 | 17.3 |
| ECO RECYCLING LTD. | 850 | 36.6 | 7.59 | 25.2 | 20.4 | 26.2 | 30.6 | 64.4 |
| CONCORD ENVIRO SYSTEMS L | 590 | — | 1.03 | 10.7 | 3.5 | 4.4 | — | (10.0) |
| VVIP Infratech Limited | 347 | 5.5 | — | — | — | 15.2 | — | — |
| ORGANIC RECYCLING SYSTEMS LIMI | 151 | 3.5 | 1.22 | 6.2 | 20.4 | 15.7 | — | 21.7 |
| GEM Enviro Management Limited ◆ | 77 | 16.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Promoters pledge 26.71 percent stake of GEM Enviro Management | ownership changes | high | — | — |
| 11 Sept 2026 · Promoter Sangeeta Pareekh pledges 17.9 lakh shares, 7.94 percent stake | ownership changes | high | — | — |
| 11 Sept 2026 · Promoters pledge shares worth Rs 20.81 cr with Share India Securities | ownership changes | high | — | — |
| 11 Sept 2026 · GEM Enviro promoter pledges 26.71% of share capital | ownership changes | medium | — | — |
| 11 Sept 2026 · Promoter Sangeeta Pareekh pledges 7.94% stake via Share India Securities | ownership changes | high | — | — |
| 11 Sept 2026 · Promoter Dinesh Pareekh pledges 680,000 shares, total promoter encumbrance hits 26.71 percent | ownership changes | high | — | — |
| 4 Sept 2026 · Newspaper ad confirms dispatch of 13th AGM notice to shareholders | compliance | minimal | — | — |
| 3 Sept 2026 · GEM Enviro notifies shareholders about Annual Report web link for FY26 | compliance | minimal | — | — |
| 3 Sept 2026 · GEM Enviro Book Closure Sept 22-28 for Final Dividend and 13th AGM | corporate actions | high | — | — |
| 3 Sept 2026 · Final dividend record date set for September 21, 2026 | corporate actions | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| — |
| — |
| — |
| 11.8 |
| — |
| — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 16.3 | 16.1 | 5 of 8 | 43% |
| ROCE | 11.8 | 13.8 | 6 of 9 | 38% |
| Market cap | 77 | 590 | 8 of 9 | 13% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
