Namo eWaste FY26 PAT rises 70% to ₹14.35 crore
Namo eWaste Management Limited reported a 70% increase in PAT to ₹14.35 crore for FY26, with total income rising 29% to ₹195.13 crore. The company expanded its recycling capacity to 82,000 MTPA and commenced operations at its Nasik battery plant. Management targets ₹800-900 crore revenue in two years and plans to set up a hydro-metallurgy facility with a CAPEX of ₹60 crore, funded largely by debt.
*this image is generated using AI for illustrative purposes only.
Namo eWaste Management Limited has reported its audited consolidated financial results for the year ended March 31, 2026. The company achieved a Profit After Tax (PAT) of ₹14.35 crore, a 70% increase from ₹8.46 crore in the previous year, driven by operational efficiencies and capacity expansion. Total income rose by 29% to ₹195.13 crore from ₹151.18 crore in FY25, while EBITDA grew 56% to ₹23.10 crore, expanding margins to 11.84%. The net worth strengthened to ₹103 crore from ₹89 crore, supported by positive operating cash flow of ₹5.18 crore compared to a negative flow in the prior year.
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
The company expanded its installed recycling capacity to approximately 82,000 metric tons per annum across e-waste and battery recycling operations. Its Nasik lithium-ion battery recycling and refurbishment plant commenced operations, while the Hyderabad facility is expected to become operational in Q2 FY27 to improve access to the South India market. Namo eWaste operates through four recycling plants and over 26 collection centers, having recycled over 86 million kilograms of e-waste as of March 2026. The company was awarded the "Recycler of the Year" Award by the Material Recycling Association of India (MRAI).
Future Guidance
Management targets a revenue of ₹800-900 crore in approximately two years, aiming for a migration to the main board. The company plans to establish a hydro-metallurgy facility for black mass refining, starting with a 1 metric ton per day pilot plant. The project, supported by a government subsidy, involves a capital expenditure of about ₹60 crore, to be funded primarily through debt. For the upcoming fiscal, the company targets 80% capacity utilization in battery recycling and aims for a blended EBITDA margin of 17-20%.
| 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 |
Historical Stock Returns for Namo eWaste Management
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.50% | +15.34% | +23.40% | +47.18% | +83.30% | +59.25% |
How will the proposed ₹60 crore debt-funded hydro-metallurgy facility impact the company's leverage ratios and interest coverage in the near term?
What specific strategies will Namo eWaste employ to scale revenue from ₹195 crore to the targeted ₹800-900 crore within two years?
Is the current infrastructure sufficient to support the migration to the main board, or are additional organizational upgrades planned?
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