Namo eWaste FY26 PAT Rises 70% to ₹14.35 Cr
Namo eWaste Management Limited announced its audited consolidated financial results for FY26, reporting a 70% increase in PAT to ₹14.35 crore and a 29% rise in total income to ₹195.13 crore. EBITDA grew by 56% to ₹23.10 crore with margins expanding to 11.84%. The company expanded its recycling capacity to 82,000 MTPA and received the "Recycler of the Year" award from MRAI.

*this image is generated using AI for illustrative purposes only.
Namo eWaste Management Limited has announced its audited consolidated financial results for the year ended March 31, 2026. The company reported a strong financial performance with significant growth in profitability and revenue, alongside strategic capacity expansion.
Financial Performance
For the fiscal year 2026, the company reported a Profit After Tax (PAT) of ₹14.35 crore, representing a 70% increase compared to ₹8.46 crore in the previous year. Total income rose to ₹195.13 crore from ₹151.18 crore in FY25. EBITDA for the period stood at ₹23.10 crore, up 56% from ₹14.77 crore in the prior year, with EBITDA margins expanding to 11.84%.
Operational Highlights
As part of its growth strategy, the company enhanced its recycling capacity to 82,000 MTPA. Namo eWaste also consolidated its battery waste management business under the listed entity to strengthen its integrated recycling platform. Additionally, the company was awarded the "Recycler of the Year" Award by the Material Recycling Association of India (MRAI) for its commitment to sustainability.
Management Commentary
Mr. Akshay Jain, Managing Director, stated that FY 2025-26 was a landmark year marked by robust financial growth and operational expansion. He highlighted that the consolidation of the battery segment aims to streamline corporate structure and increase focus on the fast-evolving battery waste management sector. The company is targeting a 45-50% CAGR over the next three years, driven by capacity expansion and growing regulatory enforcement.
| Particulars (₹ Cr) | FY26 | FY25 | Y-o-Y Change |
|---|---|---|---|
| Total Income | 195.13 | 151.18 | ↑ 29.07% |
| EBITDA | 23.10 | 14.77 | ↑ 56.43% |
| EBITDA Margins (%) | 11.84% | 9.77% | ↑ 207 BPS |
| PAT | 14.35 | 8.46 | ↑ 69.65% |
| PAT Margins (%) | 7.35% | 5.60% | ↑ 175 BPS |
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE08NZ01012/173102ccf1ee469c.pdf
Historical Stock Returns for Namo eWaste Management
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.68% | -0.40% | +21.76% | +17.16% | +25.68% | +31.50% |
How will the consolidation of the battery waste management business impact Namo eWaste's revenue mix and margins over the next two fiscal years?
Which specific regulatory tailwinds or government policies could accelerate the company's targeted 45-50% CAGR, and are there any pending policy changes that could pose risks?
As the company scales its recycling capacity beyond 82,000 MTPA, what capital expenditure commitments are planned, and how will they be financed without straining the balance sheet?



























