Ecopmin Technologies Ltd
Chennai-based electronics manufacturing automation company — PCB handling systems, SMT process equipment and consumables — founded by ex-Nokia engineers and growing revenue about 60% a year.
Market cap
₹578.92 Cr
0.02 Cr shares
P/E ratio
208.06
Sector average 45
Book value
₹325.35
P/B 73.77
1-year return
+148.91%
52w ₹9,550 – ₹24,000
Currently 100% of the way through its 52-week range.
Indicative price history
1Y change
+148.91% ₹9,642 → ₹24,000
52-week band in this window: ₹9,642.14 – ₹24,000.00. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Revenue ₹40.03 Cr in FY25, up 59.6%; FY24 EBITDA up 107% and net worth up 185%; clients include Tata and Hyundai plants.
- Founded 2017 in Chennai by ex-Nokia engineers; sells equipment, consumables and service to SMT lines.
- 2,41,217 shares of ₹10 on the registry (paid-up ₹24.12 lakh); still a private limited company at the MCA as of 21 Sep 2026.
- Board rate ₹24,000 versus a ₹9,550 dealer quote in July 2026 — thin, negotiable market.
About Ecopmin
Ecopmin Technologies Limited is an Indian electronics-manufacturing automation company headquartered in the Ambattur Industrial Estate, Chennai. It designs and supplies printed-circuit-board (PCB) handling systems, surface-mount-technology (SMT) process equipment, board-handling lines, spares and daily consumables such as solder paste, stencils and biodegradable cleaning solvents to electronics manufacturers in India and abroad, and backs the hardware with operator training, preventive-maintenance and service contracts.
The company was incorporated on 1 March 2017 by Managing Director Vinoth Perumal together with a team of former Nokia manufacturing engineers, and grew with the build-out of electronics manufacturing services (EMS) capacity in Tamil Nadu and the wider production-linked-incentive push for electronics. Its client base includes Tata and Hyundai group plants. Registry filings show revenue of ₹40.03 Cr in FY25, up 59.6% on FY24, after a year in which EBITDA rose 107% and book net worth 185%; headcount was 83 in August 2025, up 49% in a year. Paid-up capital is ₹24,12,170 — 2,41,217 shares of ₹10.
Its shares carry ISIN INE200601010 and trade in the unlisted market in lots of about 50 shares; a dealer quote of ₹9,550 was published in July 2026 and the current dealer rate on this board is ₹24,000. With only about 2.41 lakh shares outstanding, the market capitalisation at ₹24,000 works out to roughly ₹580 Cr — a very full multiple of reported sales, so treat the quote as thin and negotiable.
Verification status (21 Sep 2026): the MCA registry still records the company as Ecopmin Technologies Private Limited (CIN U74999TN2017PTC115222, RoC Chennai, active; last AGM on record 30 Sep 2023, so annual filings may be lagging). An 'Ecopmin Technologies Limited' investor presentation is in circulation, which points to a conversion to a public company and a capital raise, but no public-company CIN, DRHP, bonus or split, or Moneycontrol/Economic Times/Business Standard coverage could be found, and the ISIN INE200601010 could not be matched in public depository listings. Revenue, capital and director data are from filings; profit, balance-sheet lines and holdings are estimates.
Where the revenue comes from
- SMT equipment & PCB handling systems55%
Loaders, unloaders, conveyors, buffers, inspection and process equipment for SMT lines (estimate)
- Consumables & spares35%
Solder paste, stencils, cleaning solvents, nozzles and daily line consumables (estimate)
- Services & training10%
Installation, preventive-maintenance contracts and operator training (estimate)
Products & services
PCB handling systems
Loaders, unloaders, conveyors, buffers, turn units and inspection conveyors for SMT lines.
SMT process equipment
Printers, reflow, cleaning and process-support machines, supplied and customised for Indian EMS plants.
Consumables & spares
Solder paste, stencils, nozzles, feeders and biodegradable cleaning solvents on recurring supply.
Service & training
Installation, preventive-maintenance contracts and operator and technician training.
What works
- • Revenue grew 59.6% in FY25 to ₹40.03 Cr as Indian EMS players scaled up under production-linked incentives, and the company sells both capital equipment and recurring consumables to the same plants.
- • Founder-led by former Nokia manufacturing engineers with a decade of SMT line experience, giving it a service and customisation edge over pure importers.
- • Tiny equity base (₹24.1 lakh paid-up) with little external funding to date (about US$0.36 Mn raised), so promoters retain control and growth has been largely self-funded.
What to watch
- • At ₹24,000 a share the implied market capitalisation of about ₹580 Cr is roughly 14.5 times FY25 revenue; a July 2026 dealer quote was ₹9,550, so the rate is thin and could gap either way.
- • Small scale: ₹40 Cr revenue with a large share of imported equipment resold in India, exposing margins to rupee moves and to the pricing of the principals it distributes for.
- • Registry data lags: the last AGM on record is September 2023 and the company is still a private limited company at the MCA; the public-company conversion implied by the investor presentation, the ISIN and the post-conversion share count should be confirmed with the company or its RTA before trading.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| EcopminThis page | ₹24,000.00 | ₹578.92 Cr | 208.06 | 73.77 | +57.19% |
| Polymatech | ₹45.50 | ₹1,967 Cr | 5.24 | 2.18 | +71.10% |
| RRP Electronics | ₹144.00 | ₹1,440 Cr | — | 8.00 | +400.00% |
| Kineco | ₹3,280.00 | ₹984 Cr | 35.14 | 6.98 | +29.90% |
Latest reported year: FY25 ending 31 Mar 2025.