Jain Resource Recycling Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹9,470 Cr
- P/E
- 25.99
- ROE
- 30.42%
- PEG
- 0.46
- Price to sales
- 0.88
- Debt to equity
- 0.82
- 52W high / low
- ₹572 / ₹273
- EBITDA margin
- 5.38%
- Net profit margin
- 3.63%
- Promoter holding
- 73.59%
- Sales (last year)
- ₹10,718 Cr
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]
Guidance scorecard · Q1 FY27 call
What Jain Resource Recycling Ltd's management guided
and where it ranks in Diversified Metals
Diversified Metals
RevenueQ1 FY27 call
20–40%- Company expects strong growth in coming quarters driven by statutory amendments increasing recycling demand.
- India is becoming a global recycling hub, leading to volume increases, though exact numbers are difficult to quantify.
- Multiple expansions undertaken, with new plants like copper anode production scaling up (600 tons trial, targeting 1600 tons).
- Lead capacity expected to increase by 15-20%.
- Volume growth anticipated in copper and lead segments, especially later in the year.
- Average growth is expected over years rather than consistent quarter-to-quarter increases due to the nature of plant commissioning and settling.
- Diversification into telecom infrastructure presents new, emerging opportunities, though revenue and margin impact are yet to be determined.
2 more points from Jain Resource Recycling Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Jain Resource Recycling Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- For FY27, Jain Resource Recycling Limited plans a total capital expenditure of approximately Rs. 87 crores.
- Majority of this investment is directed towards ongoing copper value-added projects, antimony project, and plastic recycling facilities.
- The copper cathode project (750 tons capacity) is near commissioning, aiming for Phase-1 start by Q2 FY27.
- Copper wire rod (600 tons) and busbar/profile projects (1,500 tons) are expected to commission in Q3 FY27.
- The antimony project, processing 1,000 tons lead antimony bullion with 100 tons output/month, targets Q3 FY27 commissioning.
- Plastic recycling facility land acquisition is complete, with operations expected to start in Q3 FY27, involving Rs. 15 crores investment.
- The company is also expanding lead capacity by 15-20% pending approvals.
2 more points from Jain Resource Recycling Ltd's call on capex
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FundraisingQ1 FY27 call
See what Jain Resource Recycling Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Jain Resource Recycling Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Diversified Metals
on management's own guidance
- Pondy Oxides & Chemicals LtdGood growth2
- Strong growth1
- 3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Diversified Metals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹360 Cr | 228.7 | |
| 2 | Pondy Oxides & Chemicals Ltd | 20–40% | Up 2%+ | ₹3,278 Cr | 22.1 |
| 3 | Jain Resource Recycling LtdThis stock | 20–40% | Up 0–2% | ₹10,001 Cr | 27.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Diversified Metals rankingFinancials of Jain Resource Recycling Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Jain Resource Recycling Ltd
Shareholding breakup across reporting periods.
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Promoters + | 73.59% | 73.59% | 73.59% | 73.59% | 73.59% |
| FIIs + | 6.42% | 3.70% | 3.02% | 1.23% | 0.79% |
| DIIs + | 6.43% | 8.58% | 10.04% | 9.68% | 9.54% |
| Government + | 0.00% | 0.13% | 0.06% | 0.06% | 0.06% |
| Public + | 13.56% | 14.00% | 13.28% | 15.45% | 16.04% |
| No. of Shareholders | 93,291 | 65,796 | 63,099 | 92,382 | 94,386 |
Financials of Jain Resource Recycling Ltd
Quarterly Results
Quarter-by-quarter operating performance
| 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% | 4.0% |
| 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 | 2.91 | 2.56 | 2.86 | 1.62 | 1.75 | 2.86 | 3.66 | 1.91 | 2.01 |
Financials of Jain Resource Recycling Ltd
Profit & Loss
Annual income statement trend
| 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 |
| Profit before tax | 124 | 215 | 305 | 471 | 488 |
| Tax % | 26% | 24% | 27% | 26% | |
| Net Profit + | 92 | 164 | 223 | 347 | 360 |
| EPS in Rs | 4.59 | 7.99 | 6.93 | 10.11 | 10.44 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Jain Resource Recycling Ltd
Balance Sheet
Capital structure and asset base
| 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 |
Financials of Jain Resource Recycling Ltd
Cash Flows
Operating, investing and financing cash movement
| 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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 34% | 36% | 21% | -89% |
Financials of Jain Resource Recycling Ltd
Ratios
Working capital efficiency and return 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% |
Guidance history
How Jain Resource Recycling Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 0–2% | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 20–40% | Up 0–2% | Planned | — | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | Flat |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
8 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −29.0% | 24% |
| Last 6 months | −39.1% | 3% |
| Last 3 months | −16.3% | 28% |
The price is 50.9% below its all-time high of ₹571.5 (8 May 2026). Stocks more than 20% below their peak have their score halved, so 16 became 8.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Jain Resource Recycling Ltd: 0.4 × 24 + 0.4 × 3 + 0.2 × 28 = 16, halved to 8 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Jain Resource Recycling Ltd's management said in earlier quarters
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