Ecoreco - good bet on e-waste recylcing?
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Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=3458
Printed Date: 21/Apr/2025 at 2:48am
Topic: Ecoreco - good bet on e-waste recylcing?
Posted By: ambore
Subject: Ecoreco - good bet on e-waste recylcing?
Date Posted: 30/Oct/2011 at 10:24pm
 ------------- Ramana Rao Ambore |
Replies:
Posted By: ambore
Date Posted: 30/Oct/2011 at 10:52pm
 ------------- Ramana Rao Ambore |
Posted By: ambore
Date Posted: 30/Oct/2011 at 10:57pm
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------------- Ramana Rao Ambore |
Posted By: ambore
Date Posted: 30/Oct/2011 at 10:58pm
------------- Ramana Rao Ambore |
Posted By: ambore
Date Posted: 30/Oct/2011 at 10:59pm
------------- Ramana Rao Ambore |
Posted By: ambore
Date Posted: 30/Oct/2011 at 11:00pm
------------- Ramana Rao Ambore |
Posted By: somu0915
Date Posted: 31/Oct/2011 at 12:10pm
| Any of your post is not visible. |
Posted By: ambore
Date Posted: 31/Oct/2011 at 1:49pm
Here is the PDF link if the posts are not visible.Link: https://docs.google.com/open?id=0B4LI2lcDmAxzMDk5NjhkNDktNDIyOS00MzQzLWE4NmQtNTY1YWJiZDliODUw - https://docs.google.com/open?id=0B4LI2lcDmAxzMDk5NjhkNDktNDIyOS00MzQzLWE4NmQtNTY1YWJiZDliODUw ------------- Ramana Rao Ambore |
Posted By: somu0915
Date Posted: 31/Oct/2011 at 2:56pm
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Thanks !!
Appreciate it :)
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Posted By: rdyn
Date Posted: 31/Oct/2011 at 3:09pm
Good post Ramana Sir 
Appreciate you taking time. I will spend my weekend looking into this sector. I have seen many unlisted players in my state. Thanks, Praveen. ------------- My aim is to read each and every post on TED! |
Posted By: ambore
Date Posted: 31/Oct/2011 at 3:32pm
Thank you. More than anything I like the industry and its potential. Ecoreco does not look good if you look at the indicators - NPM, ROCE, ROE, Cash flow, etc. However, I would like to see the numbers starting from Sep 10, how it improves on it. Founder
Mr. Soni has pretty good visibility in industry. He is a member of government
committees and part of many e-waste recycling initiatives.
------------- Ramana Rao Ambore |
Posted By: NikhilM
Date Posted: 31/Oct/2011 at 9:23pm
| How does on value this kind of a business? Discounting cash flows won't work as there is no earnings visibility for innovative businesses. Can't do relative valuation either, as there is no suitable comparable. |
Posted By: ambore
Date Posted: 01/Nov/2011 at 9:18pm
There is no past history to compare with. It is like betting on somebody's wisdom with our own hard earned money. The chances of loosing the money is high if we are not careful. If we are proven correct, we will make a windfall gain. To be on the safer side, I will not put more than 1% of portfolio in these kinds of companies even if I am fully convinced. Let us wait for the quarterly results. ------------- Ramana Rao Ambore |
Posted By: conservativeinv
Date Posted: 01/Nov/2011 at 11:19pm
One can never be too careful with these kind of companies - what makes you see a very high risk-return ratio in this sector?
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Posted By: ambore
Date Posted: 05/Nov/2011 at 12:20pm
I undestand. It may take at least six months for me to validate my assumptions and to take any decision. Till then 'no idea' on risk vs reward. I will keep on updating this with whatever information I get. ------------- Ramana Rao Ambore |
Posted By: j2eeprofessiona
Date Posted: 06/Nov/2011 at 3:53pm
| there are lot of other concerns from business perspective if one looks at the performance of the company over the yrs.. |
Posted By: somu0915
Date Posted: 06/Nov/2011 at 4:13pm
Can you elaborate more on this? |
Posted By: j2eeprofessiona
Date Posted: 06/Nov/2011 at 10:22pm
| e.g, its been one the earlier entrants in this field and despite a huge market potential they have been unable to scale up the operations. As far as i have researched the market (at one time i wanted to start something like this), the profit margins are excellent in the business, but looking at the results of this company, you could see, that even their operating profits are minuscule. I have also been touch with three people who are into this business and one of them is actually a "kabadi" and they have grown by leaps and bounds and now swear by the market potential of e-recycling... but all this is not evident in ecoreco |
Posted By: srisaurabh2000
Date Posted: 07/Nov/2011 at 3:19pm
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How does this compare against Cerebra International which is listed or Ramky which is building a landfill as far as I know? Also, there are quiet a few unlisted PE funded players e.g Attero, e-Parisara, Ash, Tessam. How does it compare with them? Also, do they have signed up clients like HP, Dell who manufacture such products? |
Posted By: ambore
Date Posted: 07/Nov/2011 at 9:39pm
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Cerebra's financials look worser than Ecoreco's. I think Attero is doing good, but it is a private company. Let us wait and see how Eco will improve its financials and expand the capacity.  ve on.
------------- Ramana Rao Ambore |
Posted By: j2eeprofessiona
Date Posted: 07/Nov/2011 at 10:21pm
| cerebra does not inspire confidence either... their corporate governance is a huge question mark... |
Posted By: srisaurabh2000
Date Posted: 07/Nov/2011 at 10:23pm
| That is why question was on the profile of the clients. Typically dealing with HP, Dell would inspire more confidence than say Maharashtra govt. |
Posted By: rohit1889
Date Posted: 04/Dec/2011 at 11:52am
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Ambore sir, any news on Eco recycling? nearly 50% up in last 2-3 days. Today volumes also seem pretty heavy as compared to past few days. Also 91% are delivery based volumes. Looks like someone (Ambore sir) is accumulating !!!  ------------- If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored. |
Posted By: ambore
Date Posted: 05/Dec/2011 at 10:53pm
The results are not consistent. Recently, it has been shortlisted by CNBC for Future Leaders awards. Overall I have mixed feelings. However, I am pretty confident we are going to see a great company emerging from this industry. I am not yet sure if that is going to be Ecoreco. I will wait for some time to take any call. ------------- Ramana Rao Ambore |
Posted By: NikhilM
Date Posted: 13/May/2012 at 2:43pm
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The new e-waste rules have finally come into existence. What does it hold for EcoReco and Cerebra Integrated Tech?
http://forbesindia.com/article/briefing/new-rules-will-make-ewaste-recycling-more-organised/32916/1 |