Evergreen Recyclekaro (India) Limited Unlisted Shares
About The Company
Strong
Market Position
Consistent
YoY Growth
Experienced
Management
Key Indicators
A snapshot of Evergreen Recyclekaro (India) Limited Unlisted Shares's financial health, valuation multiples and capital efficiency at a glance.
Pricing Trends
Financial Performance
| Indicators | 2025 | 2024 |
|---|---|---|
| Revenue | 185.5 | 97.9 |
| Expense | 154.2 | 82.1 |
| EBITDA | 31.3 | 15.8 |
| Other Cost | 5.5 | 4.7 |
| PBT | 25.8 | 11.1 |
| Tax Expense | 6.9 | 3.1 |
| PAT | 18.9 | 8.0 |
| Other Inc./Exp. | 0.0 | 0.0 |
| Net Income | 18.9 | 8.0 |
| Shares O/S | 0.00 | 0.00 |
| EPS (₹) | 13,855.09 | 5,911.15 |
| Rev. Growth % | 89.5% | — |
| EBITDA Mgn % | 16.9% | 16.1% |
| Net Mgn % | 10.2% | 8.2% |
| EPS Growth | 134.4% | — |
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Evergreen Recyclekaro (India) Limited Unlisted Shares Unlisted Shares
Evergreen Recyclekaro (India) Limited is an emerging player in India’s waste management and recycling ecosystem. It can be operating with a main focus on sustainability and circular economy solutions. It was established in 2010 and is headquartered in Navi Mumbai. The company works across e-waste, battery recycling, and material recovery. It is positioning itself in a sector that is gaining massive traction due to environmental regulations and resource scarcity.
With increasing global demand for critical metals such as lithium, cobalt, and rare earth elements, companies like Recyclekaro may become strategically important. This could be especially true as India pushes towards EV adoption and sustainable infrastructure.
Below is the business journey of Recylekaro

Business Model of Evergreen Recyclekaro (India) Limited
Evergreen Recyclekaro operates on a circular economy model, where waste is transformed into valuable resources instead of being discarded. The company focuses on extracting usable materials from waste streams and reintegrating them into the industrial supply chain.
Core Revenue Streams
E-waste Recycling: Discarded electronic devices are processed to recover metals and reusable components
Battery Recycling: Critical materials like lithium, cobalt, and other valuable elements are extracted from used batteries
Material Recovery Services: Recovered metals and materials are sent back to manufacturing industries
Waste Management Services: It is offering end-to-end solutions, including collection, treatment, and safe disposal
Who Is The Recyclekaro Founder?

Rajesh Gupta is RecycleKaro's founder and director. He left his family business in 2010 to build a sustainable organization. With a vision in a triple-bottom-line approach, prioritising people, planet, and profits. He also founded Evergreen Gulf Recycling Hub in 2017 for recycling waste, electrical, and electronic equipment.
As a director of Recyclekaro (India), he plans to make India the largest producer of sustainable battery raw materials by recycling, repurposing and low-carbon refining.
Evergreen Recyclekaro (India) Limited Financial Analysis
Particulars (in Rs. Cr.) | FY25 | FY24 |
Revenue | 185.5 | 97.9 |
Expenses | 154.2 | 82.1 |
EBITDA Margin | 16.90% | 16.10% |
PAT | 18.9 | 8 |
EPS | 13,855 | 5,911 |
Revenue
The recyclekaro revenue increased to Rs 185.5 cr in FY25 from Rs 97.9 cr in FY24, which is an almost 90% YoY growth. This can indicate a strong demand for e-waste & battery recycling.
Expenses
The expenses also grew to Rs. 154.2 cr in FY25 from Rs. 82.1 cr in FY24, which is around 88%. This could reflect ongoing expansion, logistics, and processing costs. Hence, this might mean that the company is spending to grow.
EBITDA Margin
EBITDA Margins improved from 16.1% to 16.9% in FY25. This might show a slight improvement in operational efficiency. This could mean indicating better cost absorption at a larger scale.
Profit After Tax (PAT)
PAT increased from Rs. 8 cr to Rs. 18.9 cr in FY25, which gives a jump of nearly 136%.
Earnings Per Share (EPS)
EPS increased to Rs. 13,855 per share in FY25 from Rs. 5,911 per share in FY24, representing growth of 134%.
With rising revenue, EBITDA, and profit, the company is expanding rapidly, not just in financials but also in core operations. Thus, creating a possible positive sentiment for investing in Evergreen Recyclekaro unlisted shares.
Why Buy Evergreen Recyclekaro Unlisted Shares?
Financial Growth:
Recyclekaro turnover increased by nearly 90%, whereas Net profits jumped to 134% in FY25, showing that the company is moving from the growth phase to profitable scaling.
Increasing EV adoption:
The company has high growth potential in the e-waste and lithium battery recycling sectors. This growth could be due to EV adoption and the government's focus on critical minerals.
Funding and growth opportunity:
Recyclekaro funding is expected to be Rs 240 cr, which could accelerate expansion. Hence, there could be valuation upside which might boost the IPO in the future.
Strong Industry Positioning and Partnerships:
This includes large corporates like Tata & Bajaj and 375+ EPR clients, ensuring a recurring business and an integrated zero-waste recycling ecosystem.
How to buy Evergreen Recyclekaro Unlisted Shares online?
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Check evergreen share price today, or subscribe to our daily newsletter for regular updates. Evergreen Recyclekaro Unlisted Shares price right now is Rs 1,428.0.
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