Jain Resource Recycling Ltd
Jain Resource Recycling Ltd
Metals & MiningKey Fundamentals
MicrocapDiversified MetalsMetals & MiningInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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32 extracted metrics + investor summaries across FY23–FY26.
Tapetide Score
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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 36.6%
Weaknesses
1- Though the company is reporting repeated profits, it is not paying out dividend
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 15d agoJain Resource Recycling Ltd is a small-cap metals & mining company with a market cap of ₹12,299 Cr, trading at a PE of 34.6x and PB of 7.7x. The company has delivered strong compounded sales growth of 46% over 3 years and profit growth of 57% over the same period, with a 3-year average ROE of 37%, though it pays no dividend and trades at a premium valuation.
- Compounded profit growth of 57% over 3 years indicates strong earnings momentum
- TTM sales growth of 34% shows continued top-line expansion in the most recent period
- 3-year average ROE of 37% reflects highly efficient capital deployment relative to equity base
- TTM profit growth of 59% suggests accelerating earnings trajectory
- Last year ROE of 31% remains well above typical industry benchmarks for metals & mining companies
- Compounded sales growth of 46% over 3 years demonstrates sustained demand and scaling ability
- Company is expected to deliver a good upcoming quarter based on operational trends
- Stock trades at 7.7x book value, a steep premium for a metals & mining company
- PE ratio of 34.6x is elevated for the metals & mining sector where cyclicality warrants lower multiples
- Zero dividend yield despite repeated profitability signals lack of shareholder return policy
- No 5-year or 10-year track record data available, limiting visibility on long-term consistency
- Debt-to-equity ratio is unavailable, making it difficult to assess financial leverage risk
- 52-week high and low data not available, obscuring price volatility and risk assessment
- ROE declined from 37% (3-year average) to 31% (last year), suggesting potential margin compression
- Absence of long-term stock CAGR data (1, 3, 5, 10 years all unavailable) prevents assessment of wealth creation track record
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 15d ago- Furnace explosion, one fatality Jul 14
A furnace explosion at Unit II in Gummidipoondi on July 14 resulted in one fatality and injuries to other labourers. Operations in the affected section were temporarily suspended.
- Unit-II operations resume Jul 28
Jain Resource Recycling received permission to restart Unit-II operations in Tamil Nadu (excluding the fire-damaged shed) following safety inspections, indicating quick recovery from the Jul 14 incident.
- Subsidiary starts copper anode production Jul 8
Jain Green Technologies commenced commercial production of its Copper Anode line at Unit III in Tamil Nadu, featuring two furnaces to boost recycling capabilities.
- Telecom diversification approved Jul 30
Shareholders approved an MoA amendment at EGM on July 30 enabling diversification into optical fibre cable and telecom infrastructure activities.
- Q1FY27 earnings call on Aug 4 Jul 28
Board approved unaudited results for quarter ended June 30, 2026 on August 3, with earnings conference call scheduled for August 4.
- ₹50 Cr guarantee for subsidiary Jul 13
Board approved a ₹50 Cr corporate guarantee for Jain CY Circular Solutions to secure credit facilities from ICICI Bank.
- New CS appointed, EGM scheduled Jul 8
Mr. Aravindkumar V was appointed Company Secretary effective July 8, and EGM was scheduled for July 30 to approve MoA object clause changes.
TL;DR: Jain Resource Recycling is expanding aggressively—new copper anode production at Unit III, telecom diversification, and subsidiary financing. The key risk was a fatal furnace explosion at Unit II on Jul 14, but the quick resumption of operations by Jul 28 suggests limited long-term operational impact. The trend is improving as growth initiatives outpace the temporary setback, though safety oversight will remain a watch item.
Quarterly Results
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,496 | 1,392 | 1,781 | 1,760 | 1,549 | 2,114 | 2,775 | 3,105 | 2,724 |
| Expenses | 1,402 | 1,304 | 1,691 | 1,667 | 1,459 | 1,954 | 2,577 | 2,995 | 2,616 |
| Operating Profit | 94 | 88 | 89 | 93 | 90 | 160 | 199 | 110 | 108 |
| OPM % | 6% | 6% | 5% | 5% | 6% | 8% | 7% | 3.5% | 4% |
| Other Income | 10 | 7 | 13 | 8 | 6 | 5 | 2 | 10 | 9 |
| Interest | 21 | 19 | 21 | 23 | 16 | 27 | 26 | 26 | 19 |
| Depreciation | 3 | 3 | 4 | 4 | 3 | 3 | 4 | 4 | 4 |
| PBT | 80 | 72 | 77 | 75 | 77 | 135 | 171 | 89 | 94 |
| Tax % | 26% | 27% | 24% | 30% | 26% | 27% | 26% | 26% | 26% |
| Net Profit | 60 | 53 | 59 | 53 | 57 | 99 | 126 | 66 | 69 |
| EPS in Rs | 14.53 | 12.81 | 14.29 | 1.62 | 1.75 | 2.86 | 3.66 | 1.91 | 2.01 |
Profit & Loss
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 3,064 | 4,428 | 6,429 | 9,543 | 10,718 |
| Expenses | 2,937 | 4,197 | 6,058 | 8,981 | 10,142 |
| Operating Profit | 127 | 231 | 371 | 563 | 576 |
| OPM % | 4.2% | 5% | 6% | 6% | 5% |
| Other Income | 43 | 55 | 37 | 24 | 26 |
| Interest | 34 | 56 | 89 | 100 | 98 |
| Depreciation | 14 | 16 | 14 | 15 | 16 |
| PBT | 124 | 215 | 305 | 471 | 488 |
| Tax % | 26% | 24% | 27% | 26% | — |
| Net Profit | 92 | 164 | 223 | 347 | 360 |
| EPS in Rs | 22.96 | 39.93 | 6.93 | 10.11 | 10.44 |
| Div. Payout % | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 149 |
| Other Assets | 1,042 | 1,433 | 1,708 | 3,073 |
| Total Assets | 1,116 | 1,529 | 1,836 | 3,382 |
Cash Flow
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Operating | 11 | 33 | 4 | -591 |
| Investing | -9 | -93 | -26 | -79 |
| Financing | 3 | 136 | -35 | 716 |
| Net Cash Flow | 5 | 76 | -58 | 46 |
| Free Cash Flow | -11 | 8 | -30 | -693 |
| CFO/OP | 34 | 36 | 21 | -89 |
Ratios
| 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% |
Documents
Frequently Asked Questions about Jain Resource Recycling Ltd
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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]