Top Recycling Stocks in India (2025)
The proportion of e-waste recycled in India rose from 22% in 2019-20 to 43% in 2023-24. This upward trajectory shows the growing focus on sustainable practices, supported by government initiatives and increasing public awareness. As India continues to address its waste management challenges, the recycling sector is expected to benefit the most.
Top Recycling Stocks in India
Sunday, 14 December, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BAH | Baheti Recycling Industries Ltd | BAHETI | /stocks/baheti-recycling-industries-BAH | Metals - Aluminium | 603.30 | 649.90 | 328.10 | 625.53 | 34.73 | 28.31 | 10.58 | 0.00 | 35.75 | 44.64 | 486.30 | 429.21 | Smallcap | Materials | Metals & Mining | Aluminum | 0.41 |
| ECOR | Eco Recycling Ltd | ECORECO | /stocks/eco-recycling-ECOR | Business Support Services | 445.00 | 1,043.15 | 416.20 | 855.33 | 12.98 | 41.17 | 9.55 | 0.00 | 83.90 | -51.22 | 215.38 | 982.73 | Smallcap | Commercial & Professional Services | Commercial Services & Supplies | Environmental & Facilities Services | -0.28 |
| GANS | Ganesha Ecosphere Ltd | GANECOS | /stocks/ganesha-ecosphere-GANS | Textiles | 874.00 | 2,323.10 | 829.50 | 2,338.33 | 22.68 | 42.66 | 2.03 | 0.49 | 9.36 | -60.72 | -3.22 | 170.63 | Smallcap | Consumer Durables & Apparel | Textiles, Apparel & Luxury Goods | Textiles | 0.39 |
| GRAI | Gravita India Ltd | GRAVITA | /stocks/gravita-india-GRAI | Metals - Lead | 1,844.20 | 2,474.85 | 1,379.65 | 13,430.41 | 42.99 | 28.31 | 6.46 | 0.35 | 21.34 | -18.39 | 304.61 | 3,079.66 | Smallcap | Materials | Metals & Mining | Diversified Metals & Mining | 4.03 |
| GRPI | GRP Ltd | GRPLTD | /stocks/grp-GRPI | Tires & Rubber | 1,784.50 | 3,534.65 | 1,604.10 | 951.73 | 30.98 | 42.66 | 4.97 | 0.81 | 17.14 | -43.90 | 254.10 | 674.15 | Smallcap | Automobiles & Components | Auto Components | Tires & Rubber | -3.66 |
| NAMO | Namo eWaste Management Ltd | NAMOEWASTE | /stocks/namo-ewaste-management-NAMO | Environmental Services | 177.00 | 234.95 | 127.00 | 404.76 | 47.90 | 41.17 | 4.56 | 0.00 | 13.62 | -17.29 | 4.39 | 4.39 | Smallcap | Commercial & Professional Services | Professional Services | Environmental & Facilities Services | -0.87 |
| PON | Pondy Oxides and Chemicals Ltd | POCL | /stocks/pondy-oxides-and-chemicals-PON | Metals - Lead | 1,303.90 | 1,506.00 | 490.00 | 3,978.37 | 68.52 | 28.31 | 6.71 | 0.25 | 12.22 | 44.93 | 667.77 | 667.77 | Smallcap | Materials | Metals & Mining | Diversified Metals & Mining | 2.15 |
Disclaimer: Please note that the above list of recycling companies stocks in India is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on this list of waste recycling stocks in India is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
What are Recycling Stocks in India?
Recycling Stocks in India are shares of companies that recycle waste materials, turning them into new products. These companies work in areas like e-waste, plastic, metal, and general waste recycling.
Overview of the Best Recycling Stocks in India
- Gravita India Ltd: Gravita India, founded in 1992, focuses on recycling metals like lead and aluminium. They recycle e-waste and lead batteries to produce valuable metals, helping reduce environmental impact and support sustainability in the recycling industry.
- Pondy Oxides and Chemicals Ltd: Pondy Oxides, established in 1992, focuses on lead recycling. They process used batteries and scrap lead to create high-quality lead ingots, promoting a circular economy and reducing environmental waste through their recycling efforts.
- Ganesha Ecosphere Ltd: Ganesha Ecosphere, established in 1987, is a leader in the recycling of polyester waste. The company converts post-consumer PET bottles into high-quality polyester yarn and fibres.
- GRP Ltd: GRP Ltd, founded in 1987, specialises in manufacturing rubber products, including recycled rubber products. They focus on recycling rubber waste into new materials, promoting the use of recycled resources.
- Eco Recycling Ltd: Eco Recycling Ltd, founded in 2004, is a leading company in electronic waste recycling. Ecoreco processes e-waste to recover valuable materials like metals and plastics, supporting a circular economy.
Latest Budget Updates for the Recycling Sector
- ₹1,500 Cr Incentive for Recycling Critical Minerals: The government has approved a ₹1,500 cr. incentive to promote recycling of important minerals from e-waste and old vehicles. This scheme, running from FY26 to FY31, aims to recycle 40,000 tonnes of these minerals and reduce reliance on imported raw materials.
- Customs Duty Waiver on Critical Mineral Waste: India has removed customs duties on waste and scrap of 12 key minerals, including materials from lithium-ion batteries and cobalt. This will make it easier for the recycling industry to access these materials, helping to recycle important resources.
How to Invest in Recycling Stocks in India?
Here is how one can invest in the best recycling stocks in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research to identify the best recycling companies stocks that align with your investment thesis. Investors can use tools like the Tickertape Stock Screener to do this. The screener offers 200+ built-in filters to choose from, and investors can choose the parameters to research.
- Place a ‘Buy’ Order on recycling stocks in India.
Benefits of Investing in Recycling Stocks in India
- Growing Need for Sustainability: As environmental concerns rise, there is a growing demand for companies focused on recycling and waste management. Government policies and public awareness around sustainability are driving this demand, which may benefit recycling companies in India.
- Government Support: The Indian government is actively supporting the recycling sector through initiatives like the ₹1,500 cr. Incentive for critical mineral recycling and the removal of customs duties on recycled materials.
- Increasing E-Waste and Plastic Waste: As India’s e-waste generation grew by 73% over the last five years, rising from 1.01 MT in 2019–20 to 1.751 million MT in 2023–24, the demand for recycling solutions is increasing. This growth may benefit recycling companies in India.
Risks of Investing in Recycling Stocks in India
- Infrastructure Challenges: Despite government support, India’s recycling infrastructure is still developing. Poor waste segregation and a lack of modern recycling facilities in many areas can limit the growth potential of recycling companies.
- Market Competition: The recycling sector is becoming increasingly competitive, with both large players and smaller, informal operators in the market. Intense competition could lead to price wars, reducing margins for established companies.
- Technological Risks: Recycling companies often rely on advanced technologies for efficient processing. However, technological changes or the failure to upgrade to newer, more efficient systems could make some companies less competitive.
Factors to Consider Before Investing in Recycling Stocks in India
- The Company’s Compliance with Environmental Standards: Since the recycling industry involves waste processing, companies must comply with environmental regulations.
- Technological Advancements: Recycling companies rely on advanced technology to efficiently process waste and recover valuable materials. It’s important to assess whether a company is adopting the latest technology to stay competitive and meet growing recycling demands.
- Infrastructure and Operational Efficiency: A company’s ability to recycle effectively depends on its infrastructure, such as sorting centres, transportation, and processing plants. Having good systems in place helps the company grow and make a profit.
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To Wrap It Up…
Recycling stocks in India offer exposure to a sector with growing demand, supported by government incentives. However, there are some risks associated with this, such as market competition, technological risks, and infrastructure challenges. Investors should weigh both the benefits before making an investment decision.
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Frequently Asked Questions About Recycling Stocks in India
1. What are recycling stocks in India?
2. What are water recycling stocks in India?
Water recycling stocks in India refer to companies that specialise in recycling water for various industries. These companies focus on reusing and purifying wastewater for industrial, municipal, and agricultural use.
3. Are there any e-waste management companies in India?
Yes, there are a few e-waste management companies in India. Among them, two listed companies that deal with e-waste management are:
- Eco Recycling Ltd.
- Namo eWaste Management Ltd
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory.
4. What are tyre recycling companies in India?
Tyre recycling companies in India focus on converting old tyres into useful products like rubber crumbs and fuel. Gravita India Ltd is an example of a tyre recycling company. With the growing volume of discarded tyres, these companies play a crucial role in reducing waste.
5. What are battery recycling stocks?
Battery recycling stocks refer to companies that recycle used batteries, especially lithium-ion and lead-acid batteries, to recover valuable materials like lithium and cobalt.
6. What are metal recycling stocks in India?
Metal recycling stocks in India include companies that process scrap metals and turn them into reusable materials for various industries.
7. What are plastic recycling stocks?
Plastic recycling companies in India represent companies that focus on recycling plastic waste. With plastic pollution being a major environmental concern, these companies try to reduce the waste by recycling plastics into reusable materials like pellets or fibres.
8. What is the difference between recycling and e-waste recycling companies in India?
Recycling companies in India process materials like plastics and metals to create new products. E-waste disposal companies in India, however, focus on safely disposing of electronic waste, like old phones and computers, and recovering valuable materials.
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