Eco Recycling FY26 Performance and Strategic Expansion

Revenue reached Rs 48.18 crore in FY26, while Profit After Tax (PAT) stood at Rs 23.77 crore.

Reader Takeaway: Strong operational growth and debt-free status bolster outlook; watch the ERI joint venture and critical minerals facility progress.

What just happened

Eco Recycling Limited has released its standalone financial results for FY26, showcasing steady growth. The company reported a PAT of Rs 23.77 crore, up from Rs 23.33 crore in the previous year. Revenue grew to Rs 48.18 crore from Rs 43.96 crore. The Board has proposed a final dividend of Rs 1 per share, representing a 10% payout, subject to AGM approval. Record date for the dividend is September 18, 2026.

Why this matters

The firm maintains a debt-free balance sheet, providing financial flexibility for its upcoming capital-intensive projects. The company has secured a 50:50 joint venture with Electronic Recyclers International, Inc. (USA), which is expected to scale its e-waste capabilities significantly. Furthermore, the firm is entering the critical minerals recovery space with a planned Rs 100 crore investment, aligning with the Ministry of Mines’ focus on urban mining.

What changes now

Processing capacity has been expanded to 31,200 MTPA with new infrastructure for lithium-ion battery handling. The company has also initiated the allotment of 300,000 convertible warrants to its promoter group at Rs 411 per share to fund future growth.

What to track next

Investors should monitor the formal formation of the ERI joint venture and the progression of the critical minerals recovery facility from the developmental stage to implementation. The outcome of the 32nd AGM on September 28, 2026, will finalize the dividend distribution.