Namo Ewaste targets main board listing within 24 months
The company reported a 70% profit jump to ₹14.35 cr in FY26 and is betting on a new battery recycling plant to reach its scale targets.
What's new
- Revenue climbed 29% to ₹195.13 cr in FY26.
- CEO Sanjeev Shrivastava targets a main board listing in 18 to 24 months.
- A new ₹60 cr hydrometallurgy plant is under construction to extract metals from lithium-ion batteries.
Why this matters
The company is clearly signaling a shift from a SME-listed entity to a main board player. Achieving this requires a near-quadrupling of revenue and a significant expansion into the capital-intensive battery recycling space.
What we're watching
- Execution of the ₹60 cr hydrometallurgy plant by next year.
- Progress toward the ₹800-900 cr revenue target for main board migration.
- Scaling the battery recycling business to the targeted ₹200 cr.
The full read
Namo Ewaste Management is preparing for a transition to the main board. CEO Sanjeev Shrivastava told analysts the company aims to reach that milestone in 18 to 24 months, contingent on hitting revenue of ₹800-900 crore and profit of ₹50 crore. The company enters this growth phase with momentum, having posted a 29% revenue rise to ₹195.13 crore and a 70% jump in net profit to ₹14.35 crore for FY26. The strategy hinges on two pillars: doubling core e-waste revenue to ₹200-210 crore in FY27 and scaling a new battery recycling division to ₹200 crore. To support this, the company is investing ₹60 crore in a hydrometallurgy plant for metal extraction, with completion expected next year. The path to the main board is aggressive, requiring a massive scale-up in both operations and capital deployment.
Questions answered
- What are the specific financial milestones for the main board listing?
- CEO Sanjeev Shrivastava stated the company aims for a main board listing once revenue hits ₹800-900 crore and net profit exceeds ₹50 crore.
- How does Namo Ewaste plan to grow its revenue in FY27?
- The company plans to double its e-waste revenue to ₹200-210 crore and scale its battery recycling business to ₹200 crore.
- What is the purpose of the new ₹60 crore plant?
- The facility will use hydrometallurgy to extract critical metals from lithium-ion batteries. Construction is slated for completion within the next calendar year.
- How did the company perform in FY26?
- Namo Ewaste reported revenue of ₹195.13 crore, up 29%, and a net profit of ₹14.35 crore, a 70% increase.
An independent reading of the company's own disclosure — the primary filing above is the final word.