Best e waste management companies in India
E waste management is one of the major problems in the modern world. Every country is fighting the burgeoning problem of e-waste. I salute e-waste management companies, dealing with waste management or e waste management.
Table of Contents
E waste contains several particles or substances including heavy metals, plastics, glass, etc., produced from damaged or used electronic products such as mobile, solar wastes, and other electronic items. These substances can be potentially toxic and hazardous to the environment and human health.
We need to handle e-waste carefully to save the environment for future generations. E-waste recycling is the best way to tackle this situation. E-waste recycled by the non-formal sector using primitive methods can damage the environment. Hence, professional e waste management companies with modern technology and tools are the major role to play.
Also Read
E Waste Management Market
E waste management market in India is expected to reach a valuation of US$ 5.2 billion by 2032 from US$ 1.7 billion estimated in 2023. According to a report, India, the third largest country in the world, generates 3.2 million tons of e-waste annually. Other top countries include China, the USA, Japan and Germany.
India aims to become the third-largest economy in the world by 2030. To achieve this goal, India aims to become the hub of many electronics manufacturing products including mobile, solar cells, solar modules, etc. With 5G and AI, the use of mobile is likely to increase in India.
According to a report by Toxics Link, e-waste in India is expected to increase to about five million tons by 2030 while computer equipment accounts for almost 70% of e-waste in India. Despite the government policy, Extended Producer Responsibility (EPR), over 90% of e-waste gets scrapped by the local people instead of recycling formally. This causes huge environmental issues.
There is a potential opportunity in India for e waste management companies in India to flourish. Many startups or listed waste management companies in India have been working on dismantling, segregating, and processing such e-waste.
Massive Opportunity for E Waste Management Companies in India
India now has only 468 authorized dismantlers or recyclers across 22 states with a total capacity of 1.38593 million metric tons per annum (mtpa). However, there is a lack of proper processes for e-waste collection which leads to the dismantling informally.
In budget 2024, the Indian government allocated funds to improve recycling infrastructure and address the issues with e-waste management. The central pollution control board will also audit companies to ensure that they follow the standard operating procedures set by the government of India and recycle the e-waste.
These factors create huge opportunities for e waste management companies in India. Let us look at the listed waste management companies in India and the startups or non-listed e waste management companies engaged in India.
Listed Waste Management Companies in India
| Company Name | Mar Cap (Rs crore) | P/E | Debt / Equity | ROE % | ROCE % |
|---|---|---|---|---|---|
| Gravita India | 13,464 | 16.63 | 0.65 | 41.83 | 31.76 |
| Eco Recycling Ltd. | 949.40 | 78.37 | 0.75 | 15.24 | 15.49 |
| Urban Enviro Waste Management Ltd. | 178.62 | 85.46 | 2.66 | 20.64 | 14.67 |
| VA Tech Wabag Ltd. | 4,459.73 | 14.72 | 0.1 | 8.57 | 7.63 |
| Antony Waste Handling Cell Ltd. | 1,538.03 | 22.54 | 0.07 | 24.76 | 32.74 |
| EMS Ltd. | 2,821.53 | 26.27 | 0.11 | 26.21 | 33.77 |
| Baheti Recycling Industries Ltd. | 199.08 | 37.71 | 0.03 | – | – |
| Ion Exchange (India) Ltd. | 7,330.47 | 35.85 | 1.1 | 46.34 | 17.21 |
| Nupur Recyclers Ltd. | 581.84 | 71.65 | 0.17 | 3.11 | 19.53 |
| A2Z Infra Engineering | 316 | 0.0 | 6.15 | -138.17 | -20.75 |
| Felix Industries | 388 | 77 | 0.04 | 14.48 | 12.04 |
Top 5 Best E Waste Management Companies in India
| Company Name | Mar Cap (Rs crore) | P/E | Debt / Equity | ROE % | ROCE % |
|---|---|---|---|---|---|
| Gravita India | 13,464 | 16.63 | 0.65 | 41.83 | 31.76 |
| Eco Recycling Ltd. | 949.40 | 78.37 | 0.75 | 15.24 | 15.49 |
| Felix Industries | 388 | 77 | 0.04 | 14.48 | 12.04 |
| Antony Waste Handling Cell Ltd. | 1,538.03 | 22.54 | 0.07 | 24.76 | 32.74 |
| EMS Ltd. | 2,821.53 | 26.27 | 0.11 | 26.21 | 33.77 |
E Waste Management Project
Gravita India: listed waste management companies in India
Gravita is one of India’s leading waste management companies, and it has over two decades of experience. The company started its operation with welding technology and powder metallurgy for surface coatings in 1992-93. The first recycling plant was started in 1994-95 in Jaipur, Rajasthan to produce re-melted lead and polypropylene chips with a capacity of 600 MT. Since then, the company has grown multifold with a presence in 38 countries worldwide.
Gravita has been expanding its operation across Europe, America, Asia, and Africa, adding new verticals to its portfolio. Currently, the company has recycling units for Lead Metal & Lead Products, Aluminium Alloys and Plastic Granules, Gravita India Ltd.
Gravita has manufacturing facilities in Jaipur (Rajasthan), Kathua ( J&K), Mundra (Mundra), and Chittoor (AP) in India, as well as in Ghana, Mozambique, Togo, Senegal, Tanzania, and Sri Lanka.
The company has been expanding its operation and plant capacity across the globe. In March 2024, Gravita India has increased the capacity of its existing battery recycling unit in
Tanzania by 5,000 MTPA bringing the total capacity of battery recycling to 12,000 MTPA. The company has a target to reach 4,25,000 MTPA by FY 2026.
In April 2023, Gravita India increased the recycling capacity of its Mundra facility in Gujarat by 40,500 MTPA. The total capacity of this unit for lead recycling is 60,000 MTPA now. Gravita has the vision to add new recycling verticals in Lithium, Steel, Rubber & Paper by 2028 aiming for over 25% ROCE. Gravita India is fundamentally strong and good to invest in. Below is the financial snapshot for the company for the first quarter of FY2025.
Eco Recycling the best E waste Management companies in India
Eco Recycling is one of the leading E waste Management Companies in India. The company offers end-to-end solutions for reverse logistics, Data Destruction, Information Technology Asset Disposition (ITAD), Recycling of E-waste, Lamp Recycling, Precious Metal Recovery, implementation of EPR and CSR initiatives, and Recycling on Wheels-SmartER. It is a zero-debt company with a 7,200 MTPA recycling capacity.
Eco Recycling presents over 120 countries worldwide with a diverse portfolio as below. With Technology Development Board (TDB), The company launched “Recycling on Wheels Smart ER” to curb and bridge the gaps in e-waste management.
Eco Recycling reported a strong growth of 69.48% in total revenue of Rs. 13.44 crore in Q1 FY25 compared to Rs. 7.93 crore in Q1 FY24. EBITDA in Q1 FY25 stood at Rs. 10.23 crore compared to Rs. 5.80 crore in Q1 FY24. The company posted a PAT of Rs. 8.15 crore in Q1 FY25 compared to Rs. 4.71 crore in Q1 FY24, registering a growth of 73.04 per cent. The company reported an all-time high revenue in Q1FY25.
This is one of the best e waste management companies in India to invest in.
Antony Waste Handling Cell Ltd.
Antony Waste Handling (AWHCL) is a leading player in solid waste management in India. The company engaged with the Indian Municipal Solid Waste (MSW) management industry since its inception in 2001. Antony Waste Handling Cell Ltd. is present across the country.
Antony Waste Handling Ltd. posted a 144% YoY growth in its Q4FY2024 net profit to reach ₹30.2 crore. Revenue during the quarter rose by 4% YoY to reach ₹217.5 crore. EBITDA for the fourth quarter was 11% YoY higher at ₹43.5 crore. The company is taking the benefit of the burgeoning urban challenges.
Keep an eye on the quarterly result of this company to further analyse its future growth prospects.
Outlook
E Waste management is a future centric industry in India. Globally, Municipal solid waste generation is expected to grow from 2.1 billion tonnes in 2023 to 3.8 billion tonnes by 2050. Hence, there is huge opportunity for E Waste management companies to grow.
In India, the government focus on smart city and clean city create a big opportunity for E Waste companies in India. Keep an eye on the development in this industry and the best listed waste management companies in India to invest.
More From Across our Website
We endeavor to help you to understand different aspects of a company before you invest in the company’s IPO. Learn all company insights for investment in new companies in the Indian share market 2023. To know more information about company insights for investment, business overview of companies for investment, here are some suggested readings on company insights for investment – Green Hydrogen Stocks in India, 10 Best IPOs in 2022, Tata Motors Stock Price, Tata Play IPO, Upcoming IPOs, Upcoming SME IPOs, Tesla Stock Price, Tata Technologies IPO, AI Stocks in India.