Jain Resource Recycling Ltd
Incorporated in 2022, Jain Resource Recycling and its subsidiaries specialize in recycling non-ferrous metal scrap and producing lead, copper, and aluminium alloys. Its lead ingots are London Metal Exchange-registered, ensuring international quality standards. The company also trades non-ferrous metals and commodities.[1]
- Market Cap ₹ 15,993 Cr.
- Current Price ₹ 463
- High / Low ₹ 500 / 248
- Stock P/E 46.9
- Book Value ₹ 39.1
- Dividend Yield 0.00 %
- ROCE 27.2 %
- ROE 39.0 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.0%
Cons
- Stock is trading at 11.8 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Metals & Mining Diversified Metals Diversified Metals
Part of Nifty 500 BSE IPO BSE Allcap BSE Commodities Nifty MidSmallcap 400
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 236 | 1,880 | 4,157 | 6,143 | 7,840 | |
| 201 | 1,778 | 3,931 | 5,798 | 7,316 | |
| Operating Profit | 35 | 102 | 226 | 345 | 524 |
| OPM % | 15% | 5% | 5% | 6% | 7% |
| 4 | 9 | 45 | 40 | 35 | |
| Interest | 1 | 20 | 52 | 86 | 88 |
| Depreciation | 1 | 9 | 10 | 11 | 11 |
| Profit before tax | 38 | 82 | 210 | 289 | 461 |
| Tax % | 25% | 26% | 24% | 27% | |
| 28 | 61 | 160 | 211 | 341 | |
| EPS in Rs | 7.02 | 15.16 | 38.89 | 6.53 | 10.11 |
| Dividend Payout % | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 196% |
| TTM: | 48% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 95% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| Last Year: | 39% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 41 | 65 | 69 |
| Reserves | 28 | 117 | 324 | 644 | 1,282 |
| 426 | 380 | 845 | 817 | 1,220 | |
| 50 | 42 | 239 | 176 | 1,586 | |
| Total Liabilities | 544 | 579 | 1,449 | 1,702 | 4,156 |
| 28 | 24 | 56 | 65 | 82 | |
| CWIP | -0 | -0 | -0 | 3 | 3 |
| Investments | 0 | 6 | 26 | 45 | 2 |
| 516 | 549 | 1,367 | 1,588 | 4,069 | |
| Total Assets | 544 | 579 | 1,449 | 1,702 | 4,156 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -324 | 52 | 81 | 28 | |
| -27 | -3 | -113 | -10 | |
| 464 | -37 | 107 | -77 | |
| Net Cash Flow | 113 | 13 | 75 | -59 |
| Free Cash Flow | -353 | 48 | 60 | 9 |
| CFO/OP | -918% | 78% | 57% | 29% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 162 | 21 | 15 | 7 |
| Inventory Days | 290 | 35 | 48 | 41 |
| Days Payable | 58 | 5 | 2 | 6 |
| Cash Conversion Cycle | 394 | 50 | 61 | 42 |
| Working Capital Days | 43 | -10 | 11 | 20 |
| ROCE % | 20% | 28% | 27% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Copper Recycling Capacity MTPA |
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| Lead Recycling Capacity MTPA |
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| Asset Turnover Ratio - Fixed Assets x |
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| Aluminium Recycling Capacity MTPA |
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| Consolidated Production Volume MT |
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| Consolidated Production Volume MTPA |
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| Number of Countries Sourcing RM Count |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
30 Mar - Approved 26% acquisition in three wind CGPs for captive power; total consideration ₹74,09,000; completion by Mar 31, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Mar - Publication of Newspaper Advertisement in Form PAS-1.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Mar - Newspaper Advertisement regarding Notice of Postal Ballot and Remote E-Voting.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 27 Mar
- Closure of Trading Window 24 Mar
Concalls
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Feb 2026Transcript PPT
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Oct 2025Transcript PPT REC
Business Profile[1]
Jain Resource Recycling Ltd is engaged in manufacturing of non-ferrous metal products through large-scale recycling of metal scrap. Its operations extend across lead, copper, and aluminium segments, with an integrated recycling and refining model. The company also undertakes trading in non-ferrous metals and commodities.