About Apex Ecotech
Apex Ecotech is a publicly listed company based in Pune (India) founded in 2009. Water treatment services are provided globally by Apex Ecotech. The company has 104 employees. Its chief executive, as recorded, is Ajay Raina. Its Indian entity Apex Ecotech Limited reported revenue of ₹150 Cr. Its focus areas include Waste & Water Management, Wastewater Management, Treatment and Industrial. Its competitors include Concord Enviro, Praj and Spray Engineering; 1 of its 3 listed competitors has raised funding.
Company details
Apex Ecotech was established in 2009 and is headquartered in Pune, India. Operations focus on the environmental services sector, where water treatment solutions are delivered to industrial and municipal clients. Services include purification, wastewater management, and eco-friendly technologies. The company serves regional and international markets, with leadership provided by CEO Ajay Raina. Expansion has been noted in sustainable water infrastructure projects across Asia.
- Headquarters Pune, India
- Employees 104
- Stage Public
- SectorsEnvironment
- Email••••••••
- Phone•••• ••••
- Website apexecotech.com
- Social LinkedIn Facebook
- Legal Name Apex Ecotech Ltd.
- Market Cap₹302 Cr
APEXECO-ST · NSE
- Share Price₹228.80
0.00% today
- Revenue₹149 Cr
FY 2025-26 · +109.5% YoY
- EBITDA₹21.86 Cr
Margin 14.7%
- Net Profit₹17.01 Cr
FY 2025-26 · +98.7% YoY
- P/E (TTM)17.7x
P/B 4.8x
- ROE31.1%
ROCE 40.9%
- Debt / Equity0.01
Interest cover 0.9x
- Employee Count104
Associated legal entities of Apex Ecotech
Apex Ecotech operates through Apex Ecotech Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Apex Ecotech Limited Listed CIN U29299PN2009PLC133737 | Active | 01 Apr 2009 | Pune, Maharashtra | ₹150 Cr | 104 | 10 | View details |
Board of directors of Apex Ecotech Limited (Apex Ecotech)
Apex Ecotech Limited is the primary company behind Apex Ecotech. The board of Apex Ecotech Limited currently have 7 directors; the longest-serving is Ajay Raina, appointed in 2009. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajay Raina DIN 02042979 | Director | 01 Apr 2009 | 17 yrs 6 mo | Apex Ecotech Limited |
| Ramakrishnan Balasundaram Aiyer DIN 02321328 | Director | 01 Apr 2009 | 17 yrs 6 mo | Apex Ecotech Limited |
| Anuj Dosajh DIN 00119225 | Managing Director | 01 Apr 2009 | 17 yrs 6 mo | Apex Ecotech Limited |
| Rajiv Mathur DIN 06931798 | Director | 10 Feb 2024 | 2 yrs 8 mo | Apex Ecotech Limited |
| Ashutosh Anilkumar Vadanagekar DIN 06754078 | Director | 10 Feb 2024 | 2 yrs 8 mo | Apex Ecotech Limited |
| Neeraj Bhagat DIN 00297606 | Director | 10 Feb 2024 | 2 yrs 8 mo | Apex Ecotech Limited |
| Satya Jagannathan DIN 10531979 | Director | 02 Mar 2024 | 2 yrs 7 mo | Apex Ecotech Limited |
People of Apex Ecotech
1 people are tracked at Apex Ecotech (1 in leadership); the tracked headcount is 104.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership |
Complete people profiles for Apex Ecotech
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IPO & Listings of Apex Ecotech
Apex Ecotech is a publicly listed company on the NSE with ticker symbol APEXECO in India, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date04 Dec 2024
- Listed onNSE: APEXECO
- Listed entityApex Ecotech Ltd.
- Exchange sectorUtilities
- ISININE0T4V01015
- Share price₹255.00 · 2026-10-14
- Market capitalisation₹336 Cr
- Price to earnings19.8
- EPS (diluted, trailing year)₹12.91
- Volume (last session)11,200
Financials of Apex Ecotech
Exchange-reported figures of Apex Ecotech Limited, the listed company behind Apex Ecotech (NSE: APEXECO-ST).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 149 | 70.96 | 53.08 | 34.57 | 19.51 | 11.70 | 44.47 |
| Revenue growth | +109.5% | +33.7% | +53.5% | +77.2% | +66.8% | -73.7% | - |
| EBITDA | 21.86 | 11.16 | 8.93 | 4.29 | (0.31) | (1.13) | 5.29 |
| EBITDA margin | +14.7% | +15.7% | +16.8% | +12.4% | -1.6% | -9.7% | +11.9% |
| Profit before tax | 22.74 | 11.38 | 8.98 | 4.16 | (0.51) | (1.66) | 3.85 |
| Net profit | 17.01 | 8.56 | 6.63 | 3.52 | (1.05) | (1.67) | 2.66 |
| Net profit margin | +11.4% | +12.1% | +12.5% | +10.2% | -5.4% | -14.3% | +6.0% |
| EPS (₹) | 12.91 | 6.49 | 68.45 | 38.54 | (7.21) | (18.06) | 29.26 |
| Balance sheet | |||||||
| Total assets | 65.33 | 46.91 | 15.56 | 8.13 | 5.18 | 8.44 | 8.08 |
| Net worth | 63.26 | 46.24 | 14.74 | 7.22 | 3.70 | 4.36 | 6.01 |
| Total debt | 1.31 | 0.18 | 0.42 | 0.58 | 1.10 | 4.08 | 1.47 |
| Cash & bank | 35.06 | 27.95 | 10.12 | 2.15 | 0.14 | 0.18 | 0.72 |
| Net working capital | 61.97 | 45.40 | 14.16 | 6.61 | 3.51 | 3.78 | 4.37 |
| Cash flow | |||||||
| Cash from operations | 6.77 | (5.24) | 6.69 | 2.60 | (0.07) | (0.91) | 5.00 |
| Cash from investing | (14.65) | (8.38) | (0.05) | 0.00 | 3.30 | (1.28) | 0.04 |
| Cash from financing | 1.04 | 22.61 | 0.66 | (0.59) | (3.27) | 2.18 | (5.77) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 149 | 70.96 | 53.08 | 34.57 | 19.51 | 11.70 | 44.47 |
| Revenue growth | +109.5% | +33.7% | +53.5% | +77.2% | +66.8% | -73.7% | - |
| Other income | 1.28 | 0.62 | 0.38 | 0.35 | 0.52 | 0.28 | 0.10 |
| Total expenses | 127 | 59.80 | 44.15 | 30.28 | 19.82 | 12.83 | 39.18 |
| Employee cost | 5.00 | 4.28 | 3.51 | 2.63 | 3.66 | 3.32 | 3.00 |
| EBITDA | 21.86 | 11.16 | 8.93 | 4.29 | (0.31) | (1.13) | 5.29 |
| EBITDA margin | +14.7% | +15.7% | +16.8% | +12.4% | -1.6% | -9.7% | +11.9% |
| Depreciation | 0.20 | 0.22 | 0.23 | 0.28 | 0.36 | 0.39 | 0.42 |
| Interest | 0.20 | 0.18 | 0.10 | 0.20 | 0.36 | 0.42 | 1.12 |
| Profit before tax | 22.74 | 11.38 | 8.98 | 4.16 | (0.51) | (1.66) | 3.85 |
| Tax | 5.73 | 2.82 | 2.35 | 0.64 | 0.14 | (0.01) | 1.19 |
| Net profit | 17.01 | 8.56 | 6.63 | 3.52 | (1.05) | (1.67) | 2.66 |
| Net profit margin | +11.4% | +12.1% | +12.5% | +10.2% | -5.4% | -14.3% | +6.0% |
| EPS (₹) | 12.91 | 6.49 | 68.45 | 38.54 | (7.21) | (18.06) | 29.26 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.19 | 13.19 | 0.97 | 0.91 | 0.91 | 0.91 | 0.91 |
| Reserves & surplus | 50.07 | 33.05 | 13.77 | 6.31 | 2.79 | 3.45 | 5.10 |
| Shareholders' funds (net worth) | 63.26 | 46.24 | 14.74 | 7.22 | 3.70 | 4.36 | 6.01 |
| Secured loans | 1.31 | 0.18 | 0.42 | 0.58 | 1.10 | 4.08 | 0.85 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.62 |
| Total debt | 1.31 | 0.18 | 0.42 | 0.58 | 1.10 | 4.08 | 1.47 |
| Total liabilities | - | - | 15.56 | 8.13 | 5.18 | 8.44 | 8.08 |
| Assets | |||||||
| Gross block | 3.61 | 2.62 | 2.52 | 2.30 | 2.24 | 5.08 | 5.51 |
| Net block | 1.96 | 1.18 | 1.29 | 1.38 | 1.59 | 4.43 | 3.50 |
| Capital work in progress | 0.98 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 4.42 | 2.39 | 1.76 | 3.41 | 1.93 | 2.85 | 2.23 |
| Sundry debtors | 16.76 | 11.57 | 8.67 | 7.01 | 3.47 | 4.43 | 8.31 |
| Cash & bank balances | 35.06 | 27.95 | 10.12 | 2.15 | 0.14 | 0.18 | 0.72 |
| Loans & advances | 29.58 | 16.27 | 3.60 | 3.59 | 2.57 | 1.42 | 3.99 |
| Total current assets | 85.82 | 58.18 | 24.15 | 16.16 | 8.11 | 8.88 | 15.25 |
| Total current liabilities | 23.85 | 12.78 | 9.99 | 9.55 | 4.60 | 5.10 | 10.88 |
| Net working capital | 61.97 | 45.40 | 14.16 | 6.61 | 3.51 | 3.78 | 4.37 |
| Total assets | 65.33 | 46.91 | 15.56 | 8.13 | 5.18 | 8.44 | 8.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 18.44 | 9.45 | 2.15 | 0.14 | 0.18 | 0.18 | 1.45 |
| Net cash from operating activities | 6.77 | (5.24) | 6.69 | 2.60 | (0.07) | (0.91) | 5.00 |
| Net cash from investing activities | (14.65) | (8.38) | (0.05) | 0.00 | 3.30 | (1.28) | 0.04 |
| Net cash from financing activities | 1.04 | 22.61 | 0.66 | (0.59) | (3.27) | 2.18 | (5.77) |
| Net change in cash | (6.84) | 8.99 | 7.30 | 2.01 | (0.04) | 0.00 | (0.72) |
| Closing cash | 35.06 | 27.95 | 10.12 | 2.15 | 0.14 | 0.18 | 0.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +109.5% | +33.7% | +53.5% | +77.2% | +66.8% | -73.7% | - |
| EBITDA growth | +95.9% | +25.0% | +108.2% | +1483.9% | +72.6% | -121.4% | - |
| PBT growth | +99.8% | +26.7% | +115.9% | +9998.0% | +69.3% | - | +270.2% |
| Net income growth | +98.7% | +29.1% | +88.4% | +435.2% | +37.1% | -162.8% | - |
| Revenue CAGR (3Y) | +62.6% | +53.8% | +65.5% | -8.1% | -14.6% | -12.7% | - |
| EBITDA CAGR (3Y) | +72.1% | - | - | -6.8% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +11.4% | +12.1% | +12.5% | +10.2% | -3.3% | -14.1% | +6.0% |
| Return on capital employed | +40.9% | +37.0% | +76.7% | +65.6% | -8.2% | -15.1% | +53.8% |
| Return on net worth | +31.1% | +28.1% | +60.4% | +64.5% | -26.3% | -31.8% | +53.7% |
| Debt / equity | 0.01 | 0.01 | 0.05 | 0.15 | 0.64 | 0.54 | 0.77 |
| Long-term debt / equity | 0.01 | 0.00 | 0.03 | 0.11 | 0.22 | 0.16 | 0.43 |
| Interest cover | 0.92 | 1.65 | 1.15 | 4.99 | -53.73 | -27.63 | 23.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 47.72 | 27.61 | 22.02 | 15.23 | 5.33 | 2.21 | 9.50 |
| Inventory turnover | 43.66 | 34.20 | 20.53 | 12.95 | 8.16 | 4.61 | 15.31 |
| Debtors turnover | 10.49 | 7.01 | 6.77 | 6.60 | 4.94 | 1.84 | 6.56 |
| EPS (₹) | 12.91 | 6.49 | 68.45 | 38.54 | (7.21) | (18.06) | 29.26 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.50 |
| Book value per share (₹) | 47.98 | 35.06 | 152.13 | 79.08 | 40.55 | 47.75 | 65.82 |
Competitors of Apex Ecotech
Apex Ecotech has 3 listed competitors in our database, 1 of them funded. They include Concord Enviro, Praj and Spray Engineering.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| concordenviro.in | 1992 | Mumbai, India | $21M | 543 | Industrial wastewater treatment and waste management services are provided. | |
| praj.net | 1983 | Pune, India | 1,458 | Bioethanol and wastewater treatment services are provided alongside biofuel research. | ||
| sprayengineering.com | 1992 | Sahibzada Ajit Singh Nagar, India | Energy-efficient equipment is engineered for sugar and water industries. |
Detailed competitors of Apex Ecotech
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Top companies in Waste & Water Management Systems
3 companies that operate in the same segment as Apex Ecotech (Waste & Water Management Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | ||
Tech-based solid waste management and recycling solutions are provided. | 2008 | Noida, Uttar Pradesh, India | USD 31.1 M | USD 52.13 M | 106 |
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Frequently Asked Questions about Apex Ecotech
Apex Ecotech was founded in 2009.
Apex Ecotech is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Ajay Raina is the CEO of Apex Ecotech, as recorded in our data.
Apex Ecotech has 104 employees.
The primary company behind Apex Ecotech, Apex Ecotech Limited, reported revenue of ₹150 Cr for FY 2026, up 109% year on year.
Apex Ecotech was established in 2009 and is headquartered in Pune, India. Operations focus on the environmental services sector, where water treatment solutions are delivered to industrial and municipal clients. Services include purification, wastewater management, and eco-friendly technologies. The company serves regional and international markets, with leadership provided by CEO Ajay Raina. Expansion has been noted in sustainable water infrastructure projects across Asia.
Apex Ecotech's top competitors include Concord Enviro, Praj and Spray Engineering.
Yes, Apex Ecotech is publicly traded on NSE under the ticker symbol APEXECO.
Apex Ecotech operates through Apex Ecotech Limited.
The legal entities of Apex Ecotech currently have 10 directors, including Kirti Jain, Rajiv Mathur, Satya Jagannathan and others.