BSE:ECORECO E-waste is one of the world's fastest rising waste streams since electronic equipment usage is linked to our socioeconomic development, technological advancements, and fashion and style. By 2020, the consumption of electronic gadgets is predicted to reach $ 400 billion (INR 25 lakh crores) due to rising demand for Digital India, Smart Cities, E-commerce, and M-commerce, among other things (as per Deity).
As one of the world's fastest developing countries, India will see a rapid increase in the amount of e-waste generated by both households and businesses, in addition to illegal imports, which is expected to rise to 15 million MT by 2020 from 3.2 million MT in 2015, with monetary recoveries of $ 4 billion (INR 25,000 crores) and expected to reach $ 20 billion (INR 125,000 crores) by 2020.
Eco Recycling Limited 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. It is also the only listed e-waste management company.
TTM EPS: 6.20
TTM PE: 19.44
Sector PE: 52.56
Book Value Per Share: 12.30
P/B: 9.80
Face Value: 10
Mkt Cap (Rs. Cr.): 232
Some Positives:
High Piotroski Score - Companies with strong financials
Promoters increasing shareholding QoQ
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
Strong Annual EPS Growth
Effectively using its capital to generate profit - RoCE improving in last 2 years
Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with Low Debt
Company reducing Debt
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Company with Zero Promoter Pledge
Companies with rising net profit margins - quarterly as well as TTM basis
Some Negatives: Nothing negative as such.
My Opinion: Numbers are fantastic. The recently results were higher both QoQ and YoY. The present market provides an excellent opportunity to accumulate this future multi-bagger.