“Electronic waste (e-waste) is one of the fastest-growing waste streams in the country. The growth of the Information and Communication Technology sector has enhanced the usage of electronic equipment exponentially. Faster obsolescence and subsequent up-gradation of electronics products are forcing consumers to discard old products, which in turn accumulate huge e-waste in the solid waste stream. E-waste is growing in India at the rate of 10%. Major recycling of e-waste is carried out in the non-formal sector using primitive and hazardous methods. Adequate legislative measures and a cost-effective, environmentally friendly, the technological solution would be needed to address the issue. “
STOCK REVIEW- ECO RECYCLING LTD
BRIEF: Eco Recycling Ltd (Ecoreco) is India'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.
Ecoreco preferred technologies from US, Europe & Japan to develop India-centric solutions. It is equally proud to share that, Ecoreco has developed its in-house technologies for recovery of Precious & Rare Earth Metals from the complicated e-waste, Recycling on Wheels Facilities for Data Destruction & Lamp Recycling Facilities for on-site & off-site services amongst other value-added services, an ISO 9001, 14001 & 18001 Certified Facilities.
COMPANY SERVICES OFFERING:
- WEEE (Waste Electrical and Electronic Equipment) Recycling and Recovery
- Reverse Logistics
- Data Destruction (onsite & offsite)
- Asset Management (onsite & offsite)
- Lamp Recycling
- EPR (Environment Protection Responsibility) Implementation
COMPANY’S PROFILE:
|
MARKET CAP(Cr) |
₹226 |
|
CURRENT PRICE |
₹117 |
|
52 WEEKS HIGH/LOW |
₹156/44 |
|
ROCE: |
27% |
|
ROE: |
21% |
|
STOCK PE: |
18 |
FINANCIAL Q-Q (₹ IN CRORES)
|
|
SEPT’21 |
DEC’21 |
MAR’22 |
|
SALES |
4.44 |
2.98 |
4.98 |
|
OPERATING PROFIT |
1.08 |
-1.12 |
1.07 |
|
PBT (PROFIT BEFORE TAX) |
1.79 |
3.44 |
2.13 |
|
NET PROFIT |
1.79 |
3.44 |
0.16 |
SHAREHOLDING PATTERN Q-Q
|
HOLDINGS |
SEPT’21 |
DEC’21 |
MAR’22 |
|
PROMOTES & GROUP |
73 % |
73 % |
73 % |
|
FII |
-- |
-- |
-- |
|
DII AND OTHER INSTITUTION |
26% |
26% |
26% |
TECHNICAL NOTES: ECO RECO LTD
- LONG-TERM TREND: Sideways (consolidation)
- INTERMEDIATE-TERM TREND: Downtrend
- SHORT-TERM TREND: Downtrend
- CMP: ₹114 as of 1st June ’2022
- Stock Support- ₹100-90
- Stock is trading at a new all-time high after crossing its 15-year consolidation zone.
Looking at the technical structure stock is bullish in the monthly and weekly chart as it is trading above EMA 55 and 200 respectively. One can look for the entry at the current price trend zone with proper stop loss as per the risk-reward ratio. Currently, Eco reco is the only e-waste-listed company in the Indian stock market.
NOTE: ALWAYS USE STOP LOSS TO SAFEGUARD YOUR PORTFOLIO AND WEALTH.
REPORT PREPARED BY;
KUNNJ LALKA
MAIL ID: INFO@GOLDENTRUNK.IN
RECENT REPORTS ON – ECO RECO- CLICK ON THE BELOW LINK
DISCLAIMER
THE INFORMATION CONTAINED HEREIN IS BASED ON THE ANALYSIS AND SOURCES THAT ARE CONSIDERED RELIABLE, INVESTOR NEEDS TO CONSIDER DUE DILIGENCE ON THEIR OWN, BEFORE INVESTING IN CAPITAL MARKETS.
KUNNJ LALKA IS NOT A SEBI REGISTERED INDIVIDUAL.
INVESTMENT/TRADING IN SECURITIES IS SUBJECT TO MARKET RISK; PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE PERFORMANCE. THE RISK OF LOSS IN TRADING/INVESTMENT IN THE SECURITIES MARKET INCLUDING EQUITIES, COMMODITIES, AND DERIVATIVES CAN BE SUBSTANTIAL. THESE ARE LEVERAGED PRODUCTS THAT CARRY A SUBSTANTIAL RISK OF LOSS UP TO YOUR INVESTED CAPITAL AND MAY NOT BE SUITABLE FOR EVERYONE.
KINDLY ENSURE THAT YOU UNDERSTAND FULLY RISK INVOLVED AND DO INVEST CAPITAL ACCORDING TO YOUR RISK-BEARING CAPACITY.