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 ₹ 13,072 Cr.
- Current Price ₹ 379
- High / Low ₹ 461 / 248
- Stock P/E 38.4
- Book Value ₹ 39.6
- Dividend Yield 0.00 %
- ROCE 26.7 %
- ROE 40.6 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 45.4%
Cons
- Stock is trading at 9.57 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 3,064 | 4,428 | 7,126 | 8,198 | |
| 2,937 | 4,197 | 6,751 | 7,657 | |
| Operating Profit | 127 | 231 | 375 | 542 |
| OPM % | 4% | 5% | 5% | 7% |
| 43 | 55 | 36 | 22 | |
| Interest | 34 | 56 | 91 | 92 |
| Depreciation | 14 | 16 | 16 | 14 |
| Profit before tax | 124 | 215 | 305 | 457 |
| Tax % | 26% | 24% | 27% | |
| 92 | 164 | 223 | 334 | |
| EPS in Rs | 22.96 | 39.93 | 6.93 | 9.89 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 61% |
| Compounded Profit Growth | |
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| 3 Years: | % |
| TTM: | 44% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
|---|---|
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| 3 Years: | 45% |
| Last Year: | 41% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 40 | 41 | 65 | 69 |
| Reserves | 159 | 328 | 661 | 1,298 |
| 739 | 914 | 928 | 1,294 | |
| 178 | 245 | 182 | 1,603 | |
| Total Liabilities | 1,116 | 1,529 | 1,836 | 4,263 |
| 74 | 79 | 89 | 93 | |
| CWIP | 0 | 0 | 3 | 6 |
| Investments | 0 | 16 | 36 | 4 |
| 1,042 | 1,433 | 1,708 | 4,160 | |
| Total Assets | 1,116 | 1,529 | 1,836 | 4,263 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 11 | 33 | 4 | |
| -9 | -93 | -26 | |
| 3 | 136 | -35 | |
| Net Cash Flow | 5 | 76 | -58 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 30 | 15 | 7 |
| Inventory Days | 45 | 50 | 38 |
| Days Payable | 4 | 2 | 6 |
| Cash Conversion Cycle | 71 | 63 | 39 |
| Working Capital Days | 17 | 8 | 15 |
| ROCE % | 23% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 Feb - Q3 FY26 transcript: 9M revenue INR6,438cr; INR95cr copper capex; 25% Kuwait JV; Ahmedabad JV June 2026
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Feb - CRISIL reports Rs540m IPO proceeds repaid to promoter; deviation for quarter ended Dec 31, 2025.
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REVISED STATEMENT OF DEVIATION OR VARIATION IN UTILISATION OF FUNDS, UNDER REGULATION 32 OF THE SEBI (LODR) REGULATIONS, 2015 ("LISTING REGULATIONS").
14 Feb - Used INR 540m IPO funds to repay promoter loan; amount returned; disclosed Feb 14, 2026.
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Intimation Of Rescheduling Of Adjourned Meeting Of The Audit Committee And Board - Regulation 30 Of SEBI (LODR) Regulations, 2015
13 Feb - Audit Committee and Board meetings rescheduled to Feb 14, 2026; monitoring agency finalizing report for quarter ended December 31, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Feb - Analyst/institutional investor meetings Feb 17–19, 2026 from 10:00 IST in Mumbai; no UPSI to be discussed.
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.