Eco Recycling has margins that are way higher than those of Namo eWaste. Both companies have almost similar offerings. Unitll FY 24, Namo did marginally lower utilization of the capacity.
Namo eWaste did a turnover of 100 crs in FY24 with almost similar capacity utilization (a bit lower) but managed to clock EBITDA margins of only 11% whereas Eco Reco did 28 crs of sales with 60% EBITDA margins. I want to understand, how they are different.
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