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 ₹ 9,925 Cr.
- Current Price ₹ 288
- High / Low ₹ 594 / 264
- Stock P/E 27.8
- Book Value ₹ 49.9
- Dividend Yield 0.00 %
- ROCE 25.7 %
- ROE 30.4 %
- 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
- 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| 3,064 | 4,428 | 6,429 | 9,543 | 11,942 | |
| Sales growth | +45% | +45% | +48% | +66% | |
| 2,937 | 4,197 | 6,058 | 8,981 | 11,386 | |
| Operating Profit | 127 | 231 | 371 | 563 | 555 |
| OPM % | 4.2% | 5% | 6% | 6% | 4.7% |
| 43 | 55 | 37 | 24 | 31 | |
| Interest | 34 | 56 | 89 | 100 | 92 |
| Depreciation | 14 | 16 | 14 | 15 | 18 |
| Profit before tax | 124 | 215 | 305 | 471 | 476 |
| Tax % | 26% | 24% | 27% | 26% | |
| 92 | 164 | 223 | 347 | 352 | |
| EPS in Rs | 4.59 | 7.99 | 6.93 | 10.11 | 10.20 |
| Dividend Payout % | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| TTM: | 66% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 56% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| Last Year: | 30% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 40 | 41 | 65 | 69 | 69 |
| Reserves | 159 | 328 | 661 | 1,492 | 1,653 |
| 739 | 914 | 928 | 1,276 | 1,116 | |
| 178 | 245 | 182 | 545 | 862 | |
| Total Liabilities | 1,116 | 1,529 | 1,836 | 3,382 | 3,700 |
| 74 | 79 | 89 | 114 | 165 | |
| CWIP | -0 | -0 | 3 | 45 | 94 |
| Investments | 0 | 16 | 36 | 149 | 21 |
| 1,042 | 1,433 | 1,708 | 3,073 | 3,420 | |
| Total Assets | 1,116 | 1,529 | 1,836 | 3,382 | 3,700 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 11 | 33 | 4 | -591 | |
| -9 | -93 | -26 | -79 | |
| 3 | 136 | -35 | 716 | |
| Net Cash Flow | 5 | 76 | -58 | 46 |
| Free Cash Flow | -11 | 8 | -30 | -693 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 34% | 36% | 21% | -89% |
Ratios
Consolidated / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 30 | 15 | 7 | 18 |
| Inventory Days | 45 | 50 | 42 | 62 |
| Days Payable | 4 | 2 | 6 | 14 |
| Cash Conversion Cycle | 71 | 63 | 43 | 66 |
| Working Capital Days | 17 | 8 | 17 | 38 |
| ROCE % | 23% | 27% | 26% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Number of Customers count |
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| Copper Revenue Share of Total Revenue % |
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| Aluminium EBITDA per Tonne Rs/MT |
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| Aluminium Sales Volume MT |
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| Copper EBITDA per Tonne Rs/MT |
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| Copper Sales Volume MT |
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| Lead EBITDA per Tonne Rs/MT |
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| Lead Sales Volume MT |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Jain Resource Recycling Limited has informed on the intimation of Investor meet scheduled on November 27, 2026
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Jain Resource Recycling Limited has informed on the Transcript of the Earnings call for the quarter ended September 30, 2026
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Q2 FY27 monitoring report on IPO proceeds; Rs 36.64 million remains unutilized.
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Commencement Of Commercial Production/Operations
- Subsidiary Jain Green Technologies began copper cathode production at Gummidipoondi on November 5, 2026; capacity 750 MT/month.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of earnings call for Q2 and H1 FY2026-27 available on website.
Concalls
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Nov 2026Transcript REC
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Nov 2026PPT REC
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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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.