Jain Resource Recycling logo

Jain Resource Recycling

JAINREC NSE

Key Fundamentals

MicrocapDiversified MetalsMetals & Mining
Market Cap
₹9,780 Cr
Volatility
Moderate
P/E Ratio
27.27
EBITDA
₹587 Cr
Return on Equity
22.61%
Debt to Equity
0.82
Book Value
₹45.24
52W High
₹593.95
52W Low
₹247.57

Tapetide Score

Data-driven rating, 0–100. How it works →

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

Revenue Growth
48.04% higher than 3Y
Net Income Growth
58.79% higher than 3Y
ROE
-26.11% lower than 3Y
ROCE
-31.6% higher than 3Y
EBITDA Margin (Avg.)
-0.97% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 41d ago
AI opinion · based on fundamentals
Risk high

Jain 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.

Bull Case 7
  • 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
Bear Case 8
  • 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 anthropic claude-opus-4.6 41d ago
Headwinds 1
  • 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.

Positives 3
  • 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.

Neutral 3
  • 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

Particulars Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars 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
149
Other Assets
1,042
1,433
1,708
3,073
Total Assets
1,116
1,529
1,836
3,382
Figures in ₹ Crores

Cash Flow

Particulars Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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47 extracted metrics + investor summaries across FY23–FY27.

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Shareholding Pattern

FIIs1.23%Promot.73.59%Others3.56%DIIs9.73%Public11.88%As ofJun 2026

Documents

Frequently Asked Questions about Jain Resource Recycling

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 trades as JAINREC on the NSE and under code 544537 on the BSE.
Which sector does Jain Resource Recycling Ltd belong to?
Jain Resource Recycling Ltd is classified under the Metals & Mining sector, in the Diversified Metals industry.
What is the market capitalisation of Jain Resource Recycling Ltd?
Jain Resource Recycling Ltd has a market capitalisation of ₹9,780 Cr, which places it in the Mid Cap band.
What is the PE ratio of Jain Resource Recycling Ltd?
Jain Resource Recycling Ltd trades at a PE ratio of 27.27, against a book value of ₹45.24 per share.
What is the 52-week high and low of Jain Resource Recycling Ltd?
Over the last 52 weeks Jain Resource Recycling Ltd has traded between ₹247.57 and ₹593.95.
What is the Return on Equity (ROE) of Jain Resource Recycling Ltd?
Jain Resource Recycling Ltd reported a return on equity of 22.61%. Its debt-to-equity ratio is 0.82.

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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