What we have done in 18 years and what we assume to do in next five years are significantly different. Very bullish projection of growth , extract from con call Eco recycling
So, our 7,200 tons capacity is right now there and we have recently, acquired two more buildings about 30,000 square feet area, where we are enhancing the capacity to 25,000 metric ton. So, if the entire capacity gets utilized, we are very confident about INR300 crores to INR350 crores kind of top line can be achieved with all this probable — all this investment so far. So, presently we are not using more than 25% capacity utilization and because the rules are just one quarter old only now and hopefully we will achieve much higher number by the end of this year. We are very positive that by December itself we will
be seeing a very positive changes happening in the company in terms of the capacity utilization I mean. The point is when corporates who are using almost 70%, 63% to 70% of electronic devices they are under compulsion as per the rules to get it recycled at the end of Eco Recycling Limited and other companies who are there in the market.
So, it’s being a zero debt company, my minimum capacity utilization also giving me a breakeven level. And 25% is giving me a substantial gain also. You can imagine when I will be 100% of the 7,200 metric ton, what kind of profitability we can assume from here.
We have already started and we have been joined by about four clients already there on board for EPR obligation on their behalf. We are collecting and accumulating their EPR certificates and as soon as the portal, which is expected to be launched within this month itself by the Central Coalition Control Board, we will be selling the certificates and EPR credits will be available to our clients and to others also who wishes to buy it.
New capacity – We have already started installation of machineries and hopefully by December end, we will be completely up and running.
73.4% unpledged promoter holding, zero debt. OPM , TTM 20% plus at 25% utilization
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