Is Eco Recycling the Best Stock in Its Sector? A Look at the Numbers

Eco Recycling CMP Rs 408 (21 Oct 2026). Market cap Rs 803 Cr. ROE 20.90%. P/E 33.50x versus Industry P/E 36.19x.

Is Eco Recycling the best stock in its sector? The stock trades on the NSE at Rs 408 as of 21 October 2026, within its 52-week range of Rs 385.00 to Rs 494.90. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.

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About Eco Recycling

Eco Recycling Ltd describes itself as India’s first and leading e-waste management company, and says it has been a pioneer in the field since 2005. It uses recycling technology from the US, Europe and Japan and is described as serving more than 120 countries across reverse logistics, data destruction, ITAD, e-waste recycling, lamp recycling, precious metal recovery, EPR implementation and CSR initiatives. At a market capitalisation of Rs 803 Cr, it is tracked as part of the E-Waste Recycling sector on Univest.

Is Eco Recycling the Best Stock in Its Sector?

Eco Recycling makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, backed by its return on equity. Eco Recycling’s 33.50x P/E is below the 36.19x Industry P/E, though above Gravita India at 28.15x and National Aluminium Company at 8.74x, while its 20.90% ROE is lower than National Aluminium Company at 26.83%, though higher than Gravita India at 15.45%, and its debt to equity ratio of 0.05 is below Gravita India at 0.30, though above National Aluminium Company at 0.00.

Metric	Eco Recycling
CMP (NSE)	Rs 408.40
52-Week High / Low	Rs 494.90 / Rs 385.00
Market Cap	Rs 803 Cr
P/E (TTM) vs Industry P/E	33.50x vs 36.19x
P/B	7.38
ROE	20.90%
EPS (TTM)	Rs 12.42
Dividend Yield	0.00%
Debt to Equity	0.05

Compare Eco Recycling Against Other E-Waste Recycling Sector Stocks

How Eco Recycling Compares Against Its E-Waste Recycling Sector Peers

The table below sets Eco Recycling against 2 other E-Waste Recycling sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Eco Recycling	803	33.50	20.90%	0.05
Gravita India	11,025	28.15	15.45%	0.30
National Aluminium Company	58,974	8.74	26.83%	0.00
Peer average (2 companies)	–	18.45	21.14%	0.15

Measured against the peer averages, Eco Recycling’s P/E is 82 percent above the 18.45x average, and its ROE is almost level with the 21.14% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.

What Makes Eco Recycling Worth Watching in E-Waste Recycling

• Scale: At Rs 803 Cr, its market capitalisation is smaller than Gravita India (Rs 11,025 Cr) and National Aluminium Company (Rs 58,974 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
• Sector drivers: Stricter e-waste rules and extended producer responsibility norms are the main tailwinds, and recovery of precious metals adds to its revenue.
• Key risk: Metal prices affect the value of what it recovers, and with a price to book ratio above 7 the stock looks demanding against its low reported debt, so execution has to keep pace with expectations.

Eco Recycling Valuation: Is It Justified?

At a P/B ratio of 7.38, the market pays about Rs 7.38 for every rupee of book value, and the EPS (TTM) of Rs 12.42 is the earnings base behind the P/E. The stock trades about 17 percent below its 52-week high and about 6 percent above its 52-week low. The company does not currently show a dividend yield, so returns for shareholders depend mainly on the share price. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.

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Download the Univest iOS App or Univest Android App to track Eco Recycling and other E-Waste Recycling sector stocks.

How to Track Eco Recycling Before You Invest

Before deciding whether Eco Recycling deserves its label as the best stock in its sector for your own portfolio, compare it directly against E-Waste Recycling sector peers using the steps below.

1. Open the Univest Screener and search for Eco Recycling to view live price, valuation ratios, and peer comparisons within the E-Waste Recycling sector.
2. Compare its P/E, P/B, and ROE against other E-Waste Recycling sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Eco Recycling gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in E-Waste Recycling depends on how much weight you give each of them and on how the business executes from here. Because the stock trades below its sector benchmark, the open question is whether earnings growth will close that gap or whether the discount is deserved. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Is Eco Recycling the best stock in its sector?

Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. Eco Recycling has a 20.90% ROE and trades at 33.50x P/E against a 36.19x Industry P/E. Against the 2 peers compared in this article, its ROE is below the 21.14% peer average and its P/E is above the 18.45x peer average. Its debt to equity ratio of 0.05 is below the 0.15 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.

What is the current share price of Eco Recycling?

Ans. Eco Recycling was trading at Rs 408.40 on the NSE as of 21 October 2026, and its 52-week range runs from Rs 385.00 to Rs 494.90. That leaves the share price 17 percent short of the 52-week high and 6 percent clear of the 52-week low. Its market capitalisation is Rs 803 Cr and its EPS (TTM) is Rs 12.42, which is the earnings figure behind the 33.50x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.

What sector does Eco Recycling belong to?

Ans. Eco Recycling is classified under the E-Waste Recycling sector on Univest, and that group of listed companies is the reference point for the 36.19x Industry P/E used in this article. The 2 named peers compared here are Gravita India and National Aluminium Company, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more E-Waste Recycling sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.

How does Eco Recycling compare to its sector peers on P/E?

Ans. Eco Recycling’s P/E of 33.50x is above the 18.45x average of the 2 named peers, with Gravita India at 28.15x and National Aluminium Company at 8.74x. It also sits below the 36.19x Industry P/E, which is the benchmark for the wider E-Waste Recycling sector. A P/E that is above a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 7.38 gives one more view of how the market values its book value.

What is Eco Recycling’s return on equity?

Ans. Eco Recycling reported a return on equity of 20.90%, which is below the 21.14% average of its named peers, with Gravita India at 15.45% and National Aluminium Company at 26.83%. ROE shows how much profit a company generates on every rupee of shareholders’ equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.05 against a peer average of 0.15. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.

Should I invest in Eco Recycling based on its sector position?

Ans. Sector position is only one input into an investment decision. Eco Recycling has a 20.90% ROE and a 33.50x P/E, which make it worth researching further, and its dividend yield is 0.00%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.