---
title: "Jain Resource Recycling Ltd (JAINREC) — Share Price, Financials & Analysis"
symbol: "JAINREC"
company: "Jain Resource Recycling Ltd"
canonical: "https://tapetide.com/stocks/JAINREC"
isin: "INE0YD401026"
nse_symbol: "JAINREC"
bse_code: "544537"
sector: "Metals & Mining"
industry: "Diversified Metals"
market_cap_cr: 9779.73
generated_at: "2026-09-13T19:15:45.535Z"
---

# Jain Resource Recycling Ltd (JAINREC)

Canonical page: https://tapetide.com/stocks/JAINREC

## Company

- **NSE Symbol:** JAINREC
- **BSE Code:** 544537
- **ISIN:** INE0YD401026
- **Sector:** Metals & Mining
- **Industry:** Diversified Metals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2025-10-01
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** jainmetalgroup.com

## About

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]

## Latest Price

- **Price:** ₹284.7
- **Change:** -6.75 (-2.32%)
- **Open:** ₹290
- **Day High:** ₹291.15
- **Day Low:** ₹282.7
- **Previous Close:** ₹291.45
- **Volume:** 807025
- **As Of:** 2026-09-11T10:28:15+00:00

## Key Fundamentals

Observed at 2026-09-11T04:45:09.044859Z.

- **Market Cap:** ₹9779.73 Cr
- **Classification:** Microcap
- **P/E (reported):** 27.9
- **P/E (TTM):** 27.27
- **EPS (TTM):** ₹10.44
- **Book Value:** ₹45.24
- **Price to Book:** 6.45
- **Dividend Yield:** 0%
- **ROE:** 22.61%
- **ROCE:** 35.41%
- **Debt to Equity:** 0.82
- **Revenue (yearly):** ₹9571.5 Cr
- **Net Income:** ₹352.2 Cr
- **EBITDA:** ₹587.3 Cr
- **52-Week High:** ₹593.95
- **52-Week Low:** ₹247.57
- **RSI (14):** 45.54

## Tapetide Score

- **Score:** 32 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 3.3 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 44.1 | 9% |
| growth | 98.9 | 9% |
| momentum | 7.43 | 12% |
| ownership | 21.6 | 24% |
| quality | 28.62 | 22% |
| valuation | 26.04 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.6%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| ebitda margin growth | -1.84% | -0.97% | -2.85% | — |
| net income growth | 5.15% | 58.79% | 56% | — |
| revenue growth | -12.24% | 48.04% | 46% | — |
| roce | -1.84% | -31.6% | -33.23% | 36.33% |
| roe | 5.12% | -26.11% | 32.53% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1496 | 1392 | 1781 | 1760 | 1549 | 2114 | 2775 | 3105 | 2724 |
| Expenses | 1402 | 1304 | 1691 | 1667 | 1459 | 1954 | 2577 | 2995 | 2616 |
| 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 |
| Profit before tax | 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

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- |
| Sales | 3064 | 4428 | 6429 | 9543 | 10718 |
| Expenses | 2937 | 4197 | 6058 | 8981 | 10142 |
| 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 |
| Profit before tax | 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 |
| Dividend Payout % | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 40 | 41 | 65 | 69 |
| Reserves | 159 | 328 | 661 | 1492 |
| Borrowings | 739 | 914 | 928 | 1276 |
| Other Liabilities | 178 | 245 | 182 | 545 |
| Total Liabilities | 1116 | 1529 | 1836 | 3382 |
| Fixed Assets | 74 | 79 | 89 | 114 |
| CWIP | 0 | 0 | 3 | 45 |
| Investments | 0 | 16 | 36 | 149 |
| Other Assets | 1042 | 1433 | 1708 | 3073 |
| Total Assets | 1116 | 1529 | 1836 | 3382 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 11 | 33 | 4 | -591 |
| Cash from Investing Activity | -9 | -93 | -26 | -79 |
| Cash from Financing Activity | 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

| Item | 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 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 88.01% | 73.59% | 73.59% | 73.59% | 73.59% |
| FIIs | 0% | 6.42% | 3.7% | 3.02% | 1.23% |
| DIIs | 0% | 6.43% | 8.59% | 10.11% | 9.73% |
| Government | 0% | 0% | 0.13% | 0% | 0% |
| Public | 0% | 9.78% | 10.2% | 9.64% | 11.88% |
| Others | 11.99% | 3.79% | 3.8% | 3.64% | 3.56% |
| No. of Shareholders | 17 | 17 | 65796 | 63099 | 92382 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 284.73 | Sell |
| EMA (10) | 287.88 | Sell |
| SMA (20) | 288.73 | Sell |
| EMA (20) | 291.98 | Sell |
| SMA (50) | 313.48 | Sell |
| EMA (50) | 313.4 | Sell |
| SMA (100) | 360.87 | Sell |
| EMA (100) | 341.59 | Sell |
| SMA (200) | 384.15 | Sell |
| EMA (200) | 368.88 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.4 | Neutral |
| MACD (12,26,9) | -7.58 | Buy |
| Stochastic (14,3,3) | 59.39 | Neutral |
| ADX (14) | 29.34 | Buy |
| Williams %R (14) | -59.5 | Neutral |
| ATR (14) | 11.54 | High Volatility |
| ROC (12) | -1.52 | Sell |
| Stoch RSI (14) | 58.52 | Neutral |
| UO (7,14,28) | 35.18 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 2 | 66.67% |
| Hold | 1 | 33.33% |
| Sell | 0 | 0% |

Based on 3 analyst ratings, observed at 2026-09-11T04:45:07.406336+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-28 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7c6960a-6cac-4dc5-97bb-d5b7240afcf5.pdf) |
| 2026-08-28 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b2ce8b4-6387-468a-85e0-f57c482ff569.pdf) |
| 2026-08-27 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15a95d76-0bfc-4f9e-a7d6-109dbc411e66.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2905d402-1472-4eb0-9add-6a5145ed9b8a.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60524b30-c6b8-4f34-b39a-d5c2298ee210.pdf) |
| 2026-08-22 | [Board Meeting Outcome for Appointment Of Independent Directors With Effect From August 22 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ccf59e1a-cf84-486a-863b-24562ca72c74.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ac57f97-290d-4029-a89f-b4d6fb14d0b1.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8527e594-83eb-4750-9e50-7473c26aa4c2.pdf) |
| 2026-08-22 | [Re-Constitution Of Committees Of Board Of Directors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23ae7521-9854-4ab9-a58b-d5a76889afc8.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0a8d392f-0620-48d2-b269-2e6c192042a3.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-08-04 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d589c168-24b1-4aae-9401-18146916c5e3.pdf) |
| 2026-05-18 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0418fe25-82dc-475c-8d70-4a57876c63a4.pdf) |
| 2026-02-11 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c14d271-4529-4c08-bcbd-ecf82a4dd116.pdf) |
| 2025-10-23 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=464358b1-5a4b-49ed-9dca-a3a927dc5243.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-03 | [Financial Results For The Quarter And Three Months Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40fd3268-6880-4172-9e21-cd162bde23d5.pdf) |
| 2026-05-18 | [Financial Results For The Quarter And Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71cf5900-4156-4b66-8c37-6ba11837660d.pdf) |
| 2026-02-09 | [OUTCOME OF BOARD MEETING FOR FINANCIAL RESULT PERIOD ENDED DECEMBER 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e4952160-4753-4c13-a135-b911e28cacbf.pdf) |
| 2025-10-21 | [OUTCOME OF BOARD MEETING](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e37a48b5-0910-4871-8c8c-7e09e0e2bc3f.pdf) |
| 2025-10-21 | [OUTCOME OF BOARD MEETING](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63cedd44-1b16-4b86-a66c-bae39834d124.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-03 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be25c001-b588-4d33-a6da-1d7309189f65.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4332605-b9e7-498e-8452-93bd309280e0.pdf) |
| 2025-10-22 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a52495de-6224-4195-a437-00ac81a2e0bb.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40266034-bdec-43ce-890b-e21f86ac0c96.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/40266034-bdec-43ce-890b-e21f86ac0c96.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/be408f3f-9ee1-4d8e-a0a4-92bb525f47cc.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/be408f3f-9ee1-4d8e-a0a4-92bb525f47cc.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9h - Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/663a7b18-7a15-466b-a196-3e77d0396dfd.pdf) |
| 30 Mar - Approved 26% acquisition in three wind CGPs for captive power; total consideration ₹74,09,000; completion by Mar 31, 2026. | [Announcement under Regulation 30 (LODR)-Acquisition 30 Mar - Approved 26% acquisition in three wind CGPs for captive power; total consideration ₹74,09,000; completion by Mar 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b7dfd9d-b8ef-401f-9630-95715f4734fa.pdf) |
| 28 Mar - Publication of Newspaper Advertisement in Form PAS-1. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Mar - Publication of Newspaper Advertisement in Form PAS-1.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/33a01cd1-17f2-47e2-9a24-0140590a133c.pdf) |
| 28 Mar - Newspaper Advertisement regarding Notice of Postal Ballot and Remote E-Voting. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Mar - Newspaper Advertisement regarding Notice of Postal Ballot and Remote E-Voting.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/18fcec62-c425-432b-a383-9e54376eb278.pdf) |
| 26 Feb - SAT stayed SEBI recovery (Dec 12, 2025) for promoter's penalty; 50% deposit within four weeks; hearing April 23, 2026. | [Stay On Order Passed By SEBI ('SEBI') On December 12, 2025 By Securities Appellate Tribunal ('SAT') 26 Feb - SAT stayed SEBI recovery (Dec 12, 2025) for promoter's penalty; 50% deposit within four weeks; hearing April 23, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/420fb97d-c976-4285-b521-82c0044d6e4f.pdf) |
| 20 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 20 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/663a7b18-7a15-466b-a196-3e77d0396dfd.pdf) |
| 18 Feb - Q3 FY26 transcript: 9M revenue INR6,438cr; INR95cr copper capex; 25% Kuwait JV; Ahmedabad JV June 2026 | [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](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dce21e52-ef64-469b-bec1-6403f30721e0.pdf) |
| 16 Mar - Of Schedule of Investor Meet to be held on March 20, 2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Mar - Of Schedule of Investor Meet to be held on March 20, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ccb3fe4f-1daf-4123-879f-644818fecaf1.pdf) |
| 14 Feb - Used INR 540m IPO funds to repay promoter loan; amount returned; disclosed Feb 14, 2026. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9afe0763-0c9c-44a5-903e-11e267e5b2eb.pdf) |
| 14 Feb - CRISIL reports Rs540m IPO proceeds repaid to promoter; deviation for quarter ended Dec 31, 2025. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2acff7e-be8b-4bcc-87e3-5867bd3192c1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/da11566f-b19d-4c4c-bdb2-eeba2298e136.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:15:45.535Z.