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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹11709 Cr.
Stock P/E
52.4
P/B
7.5
Current Price
₹339.3
Book Value
₹ 45.2
Face Value
2
52W High
₹594
52W Low
₹ 247.8
Dividend Yield
0%

Jain Resource Recycl Overview

Business

Jain Resource Recycling Ltd. is engaged in the recycling of non-ferrous metals. Its core business involves the collection, processing, and sale of recycled non-ferrous metals such as aluminum, copper, zinc, and lead. The company sources scrap materials, subjects them to processes like sorting, cleaning, melting, and refining, to produce secondary metals in forms like ingots, billets, or powders. The business model revolves around procuring scrap at competitive prices and selling value-added recycled metals to various industrial customers, primarily earning revenue from the margin on these transactions.

Revenue Mix

The primary revenue segment for Jain Resource Recycling Ltd. is non-ferrous metal recycling. Given the industry, it is likely focused on a mix of key non-ferrous metals. Without specific company data, detailed breakdowns by metal type or contribution are not available. However, its operations would predominantly fall under the processing and sale of secondary non-ferrous metals.

Industry

The non-ferrous metal recycling industry in India is characterized by a mix of organized and unorganized players. The industry is critical for reducing reliance on virgin metal extraction, conserving energy, and mitigating environmental impact. Jain Resource Recycling Ltd. operates within the organized segment, competing with other established recyclers, as well as managing supply chains in a market that often has significant unorganized scrap collection and trading. Its positioning would depend on its scale, technological capabilities, and the robustness of its scrap sourcing and distribution networks within India.

MOAT

Potential competitive advantages for Jain Resource Recycling Ltd. could include:

Scale and Operational Efficiency: Larger processing capacities and efficient manufacturing processes can lead to lower per-unit costs.

Robust Sourcing Network: A well-established and reliable network for procuring diverse scrap materials consistently.

Technological Expertise: Advanced sorting, melting, and refining technologies that improve yield, purity, and reduce waste.

Customer Relationships: Long-term contracts and strong relationships with industrial buyers of recycled metals.

Regulatory Compliance: Adherence to environmental and operational regulations, which can be a differentiator against smaller, unorganized players.

Growth Drivers

Circular Economy Push: Increasing global and domestic emphasis on sustainability and circular economy principles drives demand for recycled content.

Growing Metal Demand: Rapid industrialization and infrastructure development in India fuels overall demand for non-ferrous metals, including secondary metals.

Cost Efficiency: Recycled metals often offer a cost advantage over primary metals due to lower energy requirements and processing costs.

Supportive Government Policies: Potential for government incentives, regulations, and frameworks promoting waste management and recycling.

Urbanization & Industrial Scrap: Growing generation of industrial and consumer scrap due to economic activity and urbanization.

Risks

Commodity Price Volatility: Fluctuations in the prices of both non-ferrous metals (e.g., LME prices) and scrap inputs directly impact profitability.

Scrap Availability & Quality: Disruptions in the supply chain or inconsistent quality of scrap material can affect production and costs.

Regulatory Changes: Evolving environmental norms, import/export policies for scrap, and waste management regulations can impact operations and compliance costs.

Competition: Intense competition from both organized large-scale recyclers and a fragmented unorganized sector.

Economic Downturns: Reduced industrial activity can lead to lower demand for metals, impacting sales volumes and prices.

Environmental & Safety Concerns: Managing potential hazardous waste and ensuring safe operational practices.

Management & Ownership

As is common for many Indian companies, Jain Resource Recycling Ltd. is likely promoter-led. Management quality would be crucial, requiring deep expertise in commodity markets, supply chain management, process engineering, and navigating regulatory landscapes. The ownership structure typically involves significant holdings by the promoter group, with the remaining shares available for public trading, depending on its listing status and history.

Outlook

Jain Resource Recycling Ltd. operates in a sector with significant long-term tailwinds driven by the global push for sustainability, resource efficiency, and India's growing industrial demand. The cost advantages of recycled metals over virgin production further support its business model. However, the company faces inherent risks associated with volatile commodity prices, ensuring a consistent supply of quality scrap, and navigating a competitive landscape. Success will likely depend on its ability to maintain operational efficiency, secure reliable sourcing networks, adapt to evolving technologies, and effectively manage market and regulatory risks to capitalize on the growing demand for secondary non-ferrous metals.

Jain Resource Recycl Share Price

Live · BSE / NSE · Inception: 1953
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Jain Resource Recycl Quarterly Results

#(Fig in Cr.) Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 1496 1392 1781 1760 1549 2114 2775 3105
Other Income 11 10 6 10 7 6 5 10
Total Income 1507 1402 1786 1770 1556 2120 2781 3115
Total Expenditure 1402 1304 1691 1667 1459 1954 2576 2995
Operating Profit 105 98 95 103 97 166 204 120
Interest 21 19 21 23 16 27 26 26
Depreciation 3 3 4 4 3 3 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax 81 75 71 77 78 135 175 89
Provision for Tax 21 19 19 22 20 36 45 23
Profit After Tax 60 56 52 54 58 99 130 66
Adjustments -0 -2 4 -2 -0 -0 -2 -2
Profit After Adjustments 60 54 56 53 57 99 128 65
Adjusted Earnings Per Share 2.9 2.6 2.7 1.6 1.8 2.9 3.7 1.9

Jain Resource Recycl Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 3064 4428 7126 9543
Other Income 0 43 56 36 28
Total Income 0 3108 4485 7162 9572
Total Expenditure 0 2937 4198 6751 8984
Operating Profit 0 171 286 411 587
Interest 0 34 56 91 95
Depreciation 0 14 16 16 14
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 0 124 215 305 477
Provision for Tax 0 32 51 81 124
Profit After Tax 0 92 164 223 353
Adjustments 0 0 0 1 -4
Profit After Adjustments 0 92 164 224 349
Adjusted Earnings Per Share 0 4.6 8 6.9 10.3

Jain Resource Recycl Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 0 199 369 726
Minority's Interest 0 2 0 -1
Borrowings 0 42 36 3
Other Non-Current Liabilities 0 129 100 19
Total Current Liabilities 0 744 1024 1089
Total Liabilities 0 1116 1529 1836
Fixed Assets 0 74 79 89
Other Non-Current Assets 0 10 9 102
Total Current Assets 0 1032 1440 1645
Total Assets 0 1116 1529 1836

Jain Resource Recycl Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 6 81
Cash Flow from Operating Activities 58 11 33 4
Cash Flow from Investing Activities -147 -9 -93 -26
Cash Flow from Financing Activities 89 3 136 -35
Net Cash Inflow / Outflow 0 5 76 -58
Closing Cash & Cash Equivalent 0 6 81 24

Jain Resource Recycl Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0 4.59 7.99 6.93
CEPS(Rs) 0 5.27 8.75 7.39
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 0 8.89 16.96 22.44
Core EBITDA Margin(%) 0 4.15 5.19 5.26
EBIT Margin(%) 0 5.13 6.11 5.55
Pre Tax Margin(%) 0 4.03 4.85 4.27
PAT Margin (%) 0 3 3.7 3.13
Cash Profit Margin (%) 0 3.44 4.05 3.35
ROA(%) 0 8.23 12.39 13.27
ROE(%) 0 51.62 62.31 41.58
ROCE(%) 0 16.87 24.5 27.04
Receivable days 0 30.27 18.03 8.01
Inventory Days 0 40.71 36.77 31.39
Payable days 0 4.36 2.74 3.65
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0 0.2 0.15 0.1
EV/Core EBITDA(x) 0 3.67 2.27 1.79
Net Sales Growth(%) 0 0 44.53 60.91
EBIT Growth(%) 0 0 72.22 46.06
PAT Growth(%) 0 0 78.44 36.29
EPS Growth(%) 0 0 73.96 -13.18
Debt/Equity(x) 0 4.12 2.61 1.27
Current Ratio(x) 0 1.39 1.41 1.51
Quick Ratio(x) 0 0.93 0.87 0.89
Interest Cover(x) 0 4.68 4.82 4.35
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +61%
Operating Profit CAGR +44%
PAT CAGR +36%
Share Price CAGR
ROE Average +42% +52% +52% +52%
ROCE Average +27% +23% +23% +23%

Jain Resource Recycl Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 73.59 %
FII 3.02 %
DII (MF + Insurance) 10.11 %
Public (retail) 26.41 %
# Aug 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.5973.5973.5973.59
FII 6.426.423.73.02
DII 6.436.438.7210.11
Public 26.4126.4126.4126.41
Others 0000
Total 100100100100

Jain Resource Recycl Peer Comparison

Metal - Non Ferrous Edit Columns

Jain Resource Recycl Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Jain Resource Recycl Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 52%
  • Company has reduced debt.

Cons

  • Debtor days have increased from 2.74 to 3.65days.
  • Stock is trading at 7.5 times its book value.
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