Namo plots a fourfold revenue jump to main board in 18–24 months
CEO Sanjeev Shrivastava set a target of ₹800–900 crore in revenue and ₹50 crore in profit for a main-board listing. The bet is on battery recycling.
— 1 earlier story on Namo Ewaste Management Ltd. →What's new
- Namo targets a main-board listing once revenue hits ₹800–900 crore and profit crosses ₹50 crore.
- The company plans to double e-waste revenue to ₹200–210 crore and grow battery recycling to ₹200 crore in FY27.
- A ₹60 crore hydrometallurgy plant for lithium-ion battery metals is planned, with construction finishing in the next calendar year.
Why this matters
The main-board target is a public roadmap that requires a massive scale-up from FY26's ₹195 crore in revenue. The new battery-recycling business is the stated vehicle for that growth. The ₹60 crore capex is the first concrete number backing the pivot.
What we're watching
- Whether battery-recycling revenue can reach ₹200 crore from a nascent base in one year.
- Execution on the hydrometallurgy plant timeline.
- Progress toward the ₹800–900 crore revenue target.
The full read
Namo Ewaste Management posted a strong FY26, with revenue up 29% to ₹195.13 crore and net profit jumping 70% to ₹14.35 crore. The bigger story came on the call, where CEO Sanjeev Shrivastava set a public target for main-board migration at ₹800–900 crore in revenue and ₹50 crore in profit. The vehicle for that growth is battery recycling. Namo plans to double its e-waste revenue to ₹200–210 crore in FY27 while growing battery recycling to ₹200 crore. A ₹60 crore hydrometallurgy plant to extract metals from lithium-ion batteries is the first concrete capex behind the pivot. The main-board target is ambitious. Whether the battery business can scale that quickly is the test.
Questions answered
- What does Namo need to achieve for a main-board listing?
- CEO Sanjeev Shrivastava said the company will seek a main-board migration once annual revenue reaches ₹800–900 crore and net profit crosses ₹50 crore. He expects to hit those milestones in 18 to 24 months.
- How did the company perform in FY26?
- Revenue rose 29% to ₹195.13 crore and net profit jumped 70% to ₹14.35 crore for the year.
- What is the plan for battery recycling?
- Namo plans to grow its battery-recycling revenue to ₹200 crore in FY27. It will also build a ₹60 crore hydrometallurgy plant to extract metals from lithium-ion batteries, with construction expected to finish in the next calendar year.
- How large is the gap between current results and the main-board targets?
- FY26 revenue was ₹195.13 crore versus a target of ₹800–900 crore. Net profit was ₹14.35 crore versus a target of ₹50 crore.
Namo Ewaste Management Ltd.
Latest quarter · Mar 2026
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All notes on NAMOEWASTE →- 25 May 2026 · 5:24 PM IST Namo plots a fourfold revenue jump to main board in 18–24 months
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