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 ₹ 12,618 Cr.
- Current Price ₹ 366
- High / Low ₹ 594 / 248
- Stock P/E 36.4
- Book Value ₹ 44.7
- Dividend Yield 0.00 %
- ROCE 25.9 %
- ROE 30.8 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.6%
Cons
- Stock is trading at 8.18 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.
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 | Mar 2026 | |
|---|---|---|---|---|---|
| 236 | 1,880 | 4,157 | 6,143 | 9,231 | |
| 201 | 1,778 | 3,931 | 5,798 | 8,697 | |
| Operating Profit | 35 | 102 | 226 | 345 | 534 |
| OPM % | 15% | 5% | 5% | 6% | 6% |
| 4 | 9 | 45 | 40 | 37 | |
| Interest | 1 | 20 | 52 | 86 | 92 |
| Depreciation | 1 | 9 | 10 | 11 | 11 |
| Profit before tax | 38 | 82 | 210 | 289 | 468 |
| Tax % | 25% | 26% | 24% | 27% | 26% |
| 28 | 61 | 160 | 211 | 347 | |
| EPS in Rs | 7.02 | 15.16 | 38.89 | 6.53 | 10.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 70% |
| TTM: | 50% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 79% |
| TTM: | 66% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | 37% |
| Last Year: | 31% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 41 | 65 | 69 |
| Reserves | 28 | 117 | 324 | 644 | 1,474 |
| 426 | 380 | 845 | 817 | 1,253 | |
| 50 | 42 | 239 | 176 | 530 | |
| Total Liabilities | 544 | 579 | 1,449 | 1,702 | 3,325 |
| 28 | 24 | 56 | 65 | 114 | |
| CWIP | 0 | 0 | 0 | 3 | 0 |
| Investments | 0 | 6 | 26 | 45 | 107 |
| 516 | 549 | 1,367 | 1,588 | 3,104 | |
| Total Assets | 544 | 579 | 1,449 | 1,702 | 3,325 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -324 | 52 | 81 | 28 | -570 | |
| -27 | -3 | -113 | -10 | -185 | |
| 464 | -37 | 107 | -77 | 804 | |
| Net Cash Flow | 113 | 13 | 75 | -59 | 48 |
| Free Cash Flow | -353 | 48 | 60 | 9 | -598 |
| CFO/OP | -918% | 78% | 57% | 29% | -90% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 162 | 21 | 15 | 7 | 18 |
| Inventory Days | 290 | 35 | 48 | 41 | 61 |
| Days Payable | 58 | 5 | 2 | 6 | 14 |
| Cash Conversion Cycle | 394 | 50 | 61 | 42 | 64 |
| Working Capital Days | 43 | -10 | 11 | 20 | 49 |
| ROCE % | 20% | 28% | 27% | 26% |
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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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
25 May - FY26 earnings call transcript: revenue Rs9,543 crore, PAT Rs347 crore; copper projects and capex updates.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 May - Intimation of Schedule of Analyst / Institutional Investor meeting under the SEBI (LODR), Regulations 2015
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Statement Of Deviation(S) Or Variation(S) Under Regulation 32 Of SEBI (LODR) Regulations, 2015.
19 May - No deviation in IPO fund utilization for quarter ended March 31, 2026; Rs 12,500 million raised.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 May - Audio recording of earnings call for audited FY2026 results made available on May 18, 2026.
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Announcement Under Regulation 30 Of SEBI (LODR) Regulation, 2015
18 May - Jain Resource Recycling released FY26 investor presentation; revenue rose 48% to Rs 9,543 crore, first copper furnace commissioned.
Concalls
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May 2026Transcript PPT
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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.