Namo eWaste Management Ltd, incorporated in Delhi on January 13, 2014, is an ISO-certified company specializing in comprehensive services for the recycling of Electrical and Electronic Equipment (EEE). The company provides collection, disposal, and recycling services for a wide range of electronic items, including air conditioners, refrigerators, laptops, phones, and washing machines. As one of India's leading electronic waste management specialists, Namo eWaste addresses the critical and growing environmental concerns surrounding electronic waste disposal.
The company's service portfolio is extensive, covering electronic recycling, refurbishment, and Extended Producer Responsibility (EPR) services. Namo eWaste Management is adept at processing large volumes of electrical and electronic equipment waste, efficiently extracting valuable components such as precious and semi-precious metals like copper, aluminium, and iron.
Namo eWaste Management Ltd has demonstrated a strong financial growth trajectory since its IPO. As per the latest available data, the company's Market Capitalization stands at ₹437 Cr. For the period ending March 31, 2024, the company recorded revenue from operations of ₹100.93 crore and a net profit of ₹6.82 crore.
The company's quarterly performance indicates robust growth momentum:
- Latest Available: Revenue: ₹122 Cr., Profit: ₹8.41 Cr.
- Q4 FY2023-24 vs Q3 FY2023-24: Revenue increased from ₹18.16 crore (Dec '23) to ₹47.35 crore (Mar '24), a significant jump. Net profit for the same period rose from ₹0.22 crore (Dec '23) to ₹3.84 crore (Mar '24).
Year-on-year, Namo eWaste Management Limited saw impressive growth: revenue increased by 73% and profit after tax (PAT) rose by 183% between the financial years ending March 31, 2024, and March 31, 2023.
- Market Capitalization: ₹437 Cr. (latest available)
- FY2023-24 Performance: Revenue: ₹100.93 Cr., Net Profit: ₹6.82 Cr.
- Latest Quarterly Performance: Revenue: ₹122 Cr., Net Profit: ₹8.41 Cr.
- Stock P/E: 52.0 (latest available)
- Book Value: ₹38.8 (latest available)
- ROCE: 18.3%
- ROE: 13.6%
- Dividend Yield: 0.00%
- Promoter Holding: 69.1%
- Debt Status: The company has reduced its debt and is almost debt-free, indicating a strong balance sheet and financial flexibility for growth investments.
Namo eWaste Management operates with a commitment to quality and environmental safety, evidenced by its multiple ISO certifications: ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), ISO 27001:2022 (Information Security), and ISO 45001:2018 (Occupational Health and Safety).
The company's operational infrastructure includes:
- A leased factory in Faridabad, Haryana (2566 sq. meters).
- A storage and dismantling unit in Palwal, Haryana (16,010 sq. meters).
- Four certified facilities across India with an annual shredding capacity of over 1 lakh+ metric tons of electronics.
In a strategic expansion, Namo eWaste commenced a 12,240 MTPA lithium-ion battery recycling plant in Nashik on July 14, 2025, enhancing capacity and margins. Furthermore, to broaden its business operations, the company acquired Techeco Waste Management LLP in April 2023, which had been operating in e-waste recycling since October 2018.
Namo eWaste Management's primary "product" is its comprehensive suite of e-waste management services. This includes:
- Electronic Recycling: Processing of various electronic components.
- Refurbishment: Repairing and upgrading used electronics for resale.
- Extended Producer Responsibility (EPR) Services: Assisting manufacturers in managing end-of-life products.
- Lithium-ion Battery Recycling: A recent and significant addition to its service offerings.
The company strategically operates as an authorized recycler, entering into procurement service contracts with manufacturers and producers. This allows Namo to collect e-waste directly from their service centers, warehouses, and retail outlets, ensuring responsible disposal pathways.
Namo eWaste Management is poised for significant growth, driven by India's expanding electronics market and increasingly stringent environmental regulations. The company's strategic initiatives focus on expanding capacity and venturing into high-demand areas:
- Capacity Expansion: The new lithium-ion battery recycling plant in Nashik significantly boosts its processing capabilities and enters a rapidly growing segment driven by the electric vehicle market.
- Acquisitions: The acquisition of Techeco Waste Management LLP demonstrates a strategy for inorganic growth and integration of established operations.
- Market Opportunity: The company operates within India's rapidly growing e-waste management sector, benefiting from increased electronic consumption, stricter regulations, and rising environmental awareness.
- Industry Position: Namo is positioned as one of the largest capacity e-waste processors in India.
- Clientele: Serves a diverse client base, including multinational corporations and Indian conglomerates, requiring compliant and responsible e-waste disposal.
Namo eWaste Management's Initial Public Offering (IPO) was highly successful, subscribed 150.11 times. The IPO opened for bidding on September 4, 2024, and closed on September 6, 2024, with a price band of ₹80 to ₹85 per share. The stock debuted on the NSE at ₹161.50, a substantial premium of 90% over its IPO price.
- NSE Symbol: NAMOEWASTE
- 52-Week High: ₹284
- 52-Week Low: ₹135.20
- Chairman & Managing Director: Akshay Jain
- Promoter Holding: 69.1% (as per latest available data)
- Pledging: No promoter pledging.
- Employees: As of March 31, 2024, the company employed 48 individuals, reflecting a lean, technology-driven operational structure.
Namo eWaste Management stands out as one of the largest capacity e-waste processors in India. The company thrives in a sector driven by rising electronic consumption, robust environmental legislation, and growing public consciousness towards sustainable waste management. Its strategic expansion into lithium-ion battery recycling further solidifies its market position within the evolving clean energy ecosystem. The company's well-established processes and certifications make it a preferred partner for entities seeking compliant and environmentally sound e-waste disposal solutions.
