SYNOPSIS: Subsidiary receives approval to import lithium-ion battery scrap, strengthening raw material sourcing, improving recycling efficiency, and supporting capacity expansion, aligning with circular economy goals and boosting long-term growth prospects.
During Friday’s trading session, shares of a company involved in offering services for the collection, disposal, and recycling of e-waste surged more than 3 percent on NSE, after the company announced securing necessary approval from the government to import lithium-ion battery scrap.
With a market cap of Rs. 363 crores, shares of Namo eWaste Management Limited are currently trading in the green at Rs. 158.6 on NSE, up by around 2 percent, compared to its previous closing price of Rs. 155.95. The stock has delivered positive returns of around 3 percent in one year, but has fallen by nearly 13 percent in the last one month.
News
Namo E-Waste Management Limited has announced, in its latest disclosure to the NSE, that its wholly owned subsidiary, Techeco Waste Management LLP, has secured necessary approval from the Ministry of Environment, Forest and Climate Change (MoEFCC) to import lithium-ion battery scrap into India.
The company has received an initial import clearance for 500 metric tonnes (MT), based on its application submitted on 29th August 2025. This approved quantity may be increased in the future, subject to additional regulatory approvals from the MoEFCC.
This approval represents a key milestone for the company, strengthening its access to high-quality raw materials required for battery recycling operations. The import license is expected to ensure a steady and diversified supply of end-of-life lithium-ion batteries, thereby improving operational efficiency and supporting capacity expansion.
The initiative is in line with the company’s strategic focus on sustainable resource recovery and its commitment to advancing India’s circular economy, including support for the National Critical Minerals Mission.
Overall, the approval is expected to support the company’s long-term growth in the lithium-ion battery recycling segment and enhance its position in the evolving clean energy ecosystem.
Financials
Namo eWaste Management Limited is engaged in the business of e-waste management, battery waste management and recycling of metal scrap. It sources material through B2B (producers, manufacturers, bulk consumers), e-waste aggregators & B2C (collection drive & awareness campaigns).
The company has a current recycling capacity of over 42,900 MTPA, and operates through a network of more than 26 collection centres, supported by 4 existing recycling plants, along with one additional recycling facility currently in the pipeline. Namo eWaste is also undertaking a significant capacity expansion, with an additional 25,000 MTPA planned, which is expected to increase its total recycling capacity to over 72,900 MTPA by Q4 FY26.
The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of around 30 percent, from Rs. 67 crores in H1 FY25 to Rs. 87 crores in H1 FY26. Likewise, its net profit increased during the same period from Rs. 5 crores to Rs. 7 crores, representing a rise of around 40 percent YoY.
During H1 FY26, Namo E-Waste commissioned its 12,400 MTPA lithium-ion battery recycling and refurbishing facility in Nashik in July 2025, funded entirely through IPO proceeds, and has already achieved near full capacity utilisation. Supported by strong capacity expansion, operational efficiency, and growing investor confidence, the company is targeting a 45-50 percent CAGR over the next three years, driven by scalable and ESG-aligned growth initiatives.
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