Jain Resource Recycling Ltd logo

Jain Resource Recycling Ltd

JAINREC NSE

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]

AI Verdict: HOLD Confidence: 5%

Jain Resource Recycling delivers exceptional growth with 57% 3-year profit CAGR and 37% 3-year ROE, but trades at a steep 8.33x book value and 37.4x PE with no dividend payout. The strong fundamentals are largely priced in at current levels, warranting a hold until valuation corrects or growth accelerates further.

Key Fundamentals

MicrocapDiversified MetalsMetals & Mining
Market Cap
₹12,359 Cr
Volatility
Moderate
P/E Ratio
34.34
EBITDA
₹553 Cr
Debt to Equity
1.6
Book Value
₹45.24
52W High
₹593.95
52W Low
₹247.57

Technical Indicators

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.9%

Weaknesses

2
  • Stock is trading at 8.08 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Growth Rate

Revenue Growth
33.24% ↗
Net Income Growth
73.45% ↗
Cash Flow Change
-89.27% ↘
ROE
-30.58% ↗
ROCE
-1.70% ↗
EBITDA Margin (Avg.)
2.12% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
HOLD
Risk high

Jain Resource Recycling delivers exceptional growth with 57% 3-year profit CAGR and 37% 3-year ROE, but trades at a steep 8.33x book value and 37.4x PE with no dividend payout. The strong fundamentals are largely priced in at current levels, warranting a hold until valuation corrects or growth accelerates further.

Bull Case 7
  • Outstanding 3-year compounded profit growth of 57% demonstrates strong earnings momentum
  • 3-year ROE of 37% significantly exceeds cost of equity, indicating efficient capital allocation
  • TTM sales growth of 34% shows continued top-line expansion in the recycling business
  • TTM profit growth of 59% outpacing sales growth of 34% indicates expanding margins
  • Last year ROE of 31% remains robust even if slightly lower than 3-year average of 37%
  • 3-year compounded sales CAGR of 46% reflects secular demand tailwinds in resource recycling
  • Small market cap of Rs 12,934 Cr provides room for re-rating as the company scales
Bear Case 8
  • Stock trades at 8.33x price-to-book, a premium valuation that leaves little margin of safety
  • PE ratio of 37.4x is elevated for a commodities sector company, pricing in significant future growth
  • Zero dividend yield despite repeated profitability signals poor capital return policy for shareholders
  • ROE declined from 37% (3-year average) to 31% last year, a 600 bps compression warranting monitoring
  • Lack of 5-year and 10-year growth track record data limits visibility on long-term sustainability
  • Debt-to-equity ratio unavailable, creating uncertainty around balance sheet leverage and financial risk
  • 52-week high and low data unavailable at 0, making technical risk assessment difficult
  • Only 2 analyst ratings total with a 50-50 buy-hold split reflects limited institutional coverage and conviction

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Neutral 1
  • Investor meet at Chennai plant Jun 08

    Jain Resource Recycling will host an analyst and institutional investor meeting on June 10, 2026, at its Chennai plant. No unpublished price sensitive information will be shared; discussions limited to publicly available data.

TL;DR: Limited news flow for Jain Resource Recycling with only a scheduled investor/analyst meet announced. No material positives or negatives reported in this period. The upcoming June 10 plant visit may improve institutional visibility, but with no UPSI expected, near-term catalysts remain unclear.

Quarterly Results

  Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,496
1,392
1,781
1,760
1,549
2,114
2,775
3,105
Expenses
1,402
1,304
1,691
1,667
1,459
1,954
2,577
2,995
Operating Profit
94
88
89
93
90
160
199
110
OPM %
6%
6%
5%
5%
6%
8%
7%
4%
Other Income
10
7
13
8
6
5
2
10
Interest
21
19
21
23
16
27
26
26
Depreciation
3
3
4
4
3
3
4
4
PBT
80
72
77
75
77
135
171
89
Tax %
26%
27%
24%
30%
26%
27%
26%
26%
Net Profit
60
53
59
53
57
99
126
66
EPS in Rs
14.53
12.81
14.29
1.62
1.75
2.86
3.66
1.91
Figures in ₹ Crores

Profit & Loss

  Mar 2023Mar 2024Mar 2025Mar 2026
Sales
3,064
4,428
7,126
9,543
Expenses
2,937
4,197
6,751
8,985
Operating Profit
127
231
375
558
OPM %
4%
5%
5%
6%
Other Income
43
55
36
24
Interest
34
56
91
96
Depreciation
14
16
16
15
PBT
124
215
305
471
Tax %
26%
24%
27%
26%
Net Profit
92
164
223
347
EPS in Rs
22.96
39.93
6.93
10.07
Div. Payout %
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
40
41
65
69
Reserves
159
328
661
1,492
Borrowings
739
914
928
1,276
Other Liabilities
178
245
182
545
Total Liabilities
1,116
1,529
1,836
3,382
Fixed Assets
74
79
89
114
CWIP
0
0
3
45
Investments
0
16
36
131
Other Assets
1,042
1,433
1,708
3,092
Total Assets
1,116
1,529
1,836
3,382
Figures in ₹ Crores

Cash Flow

  Mar 2023Mar 2024Mar 2025Mar 2026
Operating
11
33
4
-602
Investing
-9
-93
-26
-98
Financing
3
136
-35
740
Net Cash Flow
5
76
-58
40
Free Cash Flow
-11
8
-30
-704
CFO/OP
34
36
21
-91
Figures in ₹ Crores

Ratios

  Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
30
15
7
18
Inventory Days
45
50
38
62
Days Payable
4
2
6
14
Cash Conversion Cycle
71
63
39
66
Working Capital Days
17
8
15
43
ROCE %
—
23%
27%
25%

Shareholding Pattern

As of Mar 2026
Promoters 73.59%
DIIs 10.11%
Public 9.64%
Others 3.64%
FIIs 3.02%
Total 100.00%
  Mar 2025Sep 2025Dec 2025Mar 2026
Promoters
88.01%
73.59%
73.59%
73.59%
FIIs
0.00%
6.42%
3.70%
3.02%
DIIs
0.00%
6.43%
8.72%
10.11%
Government
0.00%
0.00%
0.00%
0.00%
Public
0.00%
9.78%
10.20%
9.64%
Others
11.99%
3.79%
3.80%
3.64%
No. of Shareholders
17
17
65,796
63,099

Documents

Frequently Asked Questions about Jain Resource Recycling Ltd

What does Jain Resource Recycling Ltd do?
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 ...
Where is Jain Resource Recycling Ltd (JAINREC) listed?
Jain Resource Recycling Ltd is listed on the Indian stock exchanges. It is listed on NSE: JAINREC and BSE: 544537. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Jain Resource Recycling Ltd belong to?
Jain Resource Recycling Ltd operates in the Commodities sector within the Diversified Metals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Jain Resource Recycling Ltd?
Jain Resource Recycling Ltd has a market capitalisation of approximately ₹12359.25 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Jain Resource Recycling Ltd?
The Price-to-Earnings (PE) ratio of Jain Resource Recycling Ltd is 34.34. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Jain Resource Recycling Ltd?
Over the past 52 weeks, Jain Resource Recycling Ltd has traded between a low of ₹247.57 and a high of ₹593.95. This range helps investors understand the stock's price volatility and recent trading levels.
How can I research Jain Resource Recycling Ltd on Tapetide?
On Tapetide, you can view Jain Resource Recycling Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website jainmetalgroup.com
Listed 2025-10-01
Face Value ₹ 2
Issued Size 34,50,85,814

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