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10 Yrs X-Ray 
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Analyst Note 
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About
CMR Green Technologies Ltd (CMRGREEN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544777 NSE: CMRGREEN Metal - Non Ferrous | Small Cap | CMR Green Tech Share Price
₹227.90 6.10 (2.75%)
As on 29-Sep'26 16:59
CMR Green Technologies Ltd (CMRGREEN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544777 NSE: CMRGREEN Metal - Non Ferrous | Small Cap | CMR Green Tech Share Price
₹227.90 6.10 (2.75%)
As on 29-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹4,992 Cr.
Current Price
₹227.9
52-Week Low / High
₹201 / 275
TTM EPS
₹9.7
TTM Sales
₹8,640 Cr.
Book Value per Share
₹72.9
P/E Ratio
23.50
Industry PE
16.3
Price to Book (P/B)
3.13
Price to Sales (P/S)
0.58
EV/EBITDA
13.47
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
15.73%
Outperforms industry median
Return on Capital Employed (ROCE)
15.10%
Outperforms industry median
Return on Assets (ROA)
6.95%
Operating Profit Margin
5.5%
Net Profit Margin
2.64%
Gross Profit Margin
4.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
10.36%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
48.81%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
47.29%
Asset Quality
Promoter Holding
84.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,554 Cr.
Equity
₹43.8 Cr.
Face Value
₹2
All Time Low / High
₹200.50 / 275.40
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is CMR Green Technologies Ltd a good quality company?
CMR Green Technologies Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does CMR Green Technologies Ltd performance compare with that of its Peers?
Revenue growth of CMR Green Technologies Ltd vs industry peers?
CMR Green Technologies Ltd revenue CAGR is 24.29%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of CMR Green Technologies Ltd?
Promoters hold 84.00% of the CMR Green Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of CMR Green Technologies Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
CMR Green Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | -1.9% | -0.3% | -0.3% | 22.8% | 17.7% | 5.5% | -37.9% | 9.8% | 10.7% | - |
| Value Creation Index ⓘ | NA | -1.1 | -1.0 | -1.0 | 0.6 | 0.3 | -0.6 | -3.7 | -0.3 | -0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 2,610 | 3,982 | 4,354 | 4,280 | 4,595 | 5,071 | 5,071 |
| Sales YoY Gr. | - | NA | NA | NA | NA | 52.5% | 9.4% | -1.7% | 7.3% | 10.4% | - |
| Adj EPS ⓘ | 0 | -0 | -0 | -0 | -10.6 | 12 | 3.1 | 1 | 4.1 | 5.9 | 5.8 |
| YoY Gr. | - | NA | NA | NA | NA | NA | -73.9% | -67.3% | 304.9% | 42.1% | - |
| BVPS (₹) ⓘ | 0 | 1.1 | 1.1 | 1.1 | 385.2 | 85 | 88.3 | 61.9 | 66.3 | 69.4 | 71 |
| Adj Net Profit ⓘ | 0 | -0.1 | -0 | -0 | -20.6 | 265 | 69 | 22.3 | 90.6 | 129 | 127 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | -0 | -68.5 | -118 | 354 | 205 | -87.7 | -216 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | -2.1 | -4.9 | -4.3 | 0.7 | 1.2 | -4.4 | -3.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 14.2% | 5.2% | 10.4% | ||||
| Adj EPS ⓘ | NA | NA | 23.5% | 42.1% | ||||
| BVPSⓘ | NA | -29% | -7.7% | 4.7% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | -1.9 | -0.3 | -0.4 | -2.6 | 15.2 | 3.6 | 1.4 | 6.5 | 8.7 | 8.2 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 8.6 | 9.2 | 2.5 | 2.5 | 3.3 | 4 | 3.6 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | -0.8 | 6.7 | 1.6 | 0.5 | 2 | 2.5 | 2.5 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0.5 | 0.3 | 0.1 | 0.2 | 0.3 | 0.5 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 65 | 103 | 99 | 83 | 80 | 99 | 48 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 35 | 54 | 52 | 50 | 53 | 58 | 17 |
Valuation of CMR Green Tech - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Sales | 2,913 | 5,010 | 5,869 | 5,952 | 6,669 | 8,640 |
| Operating Expenses ⓘ + | 2,573 | 4,495 | 5,659 | 5,734 | 6,364 | 8,186 |
| Operating Profit ⓘ | 340 | 515 | 210 | 219 | 305 | 454 |
| Operating Profit Margin (%) | 11.7% | 10.3% | 3.6% | 3.7% | 4.6% | 5.3% |
| Other Income ⓘ + | 14 | 29 | 21 | 16 | 30 | 19 |
| Interest ⓘ | 40 | 54 | 46 | 55 | 63 | 92 |
| Depreciation ⓘ | 34 | 36 | 47 | 50 | 63 | 77 |
| Profit Before Tax ⓘ | 280 | 470 | 138 | -1,110 | 205 | 300 |
| Tax ⓘ | 240 | 114 | 33 | -272 | 50 | 72 |
| Profit After Tax | 41 | 357 | 105 | -839 | 155 | 228 |
| PAT Margin (%) | 1.4% | 7.1% | 1.8% | -14.1% | 2.3% | 2.6% |
| Adjusted EPS (₹) | 11.1 | 15.2 | 4.4 | -38.5 | 6.5 | 9.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 805 | 2,011 | 2,109 | 1,232 | 1,373 | 1,531 | |||||
| Debt + | 481 | 812 | 341 | 474 | 850 | 1,359 | |||||
| Minority Interest | 99 | 122 | 129 | 135 | 149 | 193 | |||||
| Trade Payables | 217 | 223 | 315 | 178 | 231 | 328 | |||||
| Others Liabilities ⓘ | 1,322 | 538 | 457 | 177 | 211 | 349 | |||||
| Total Liabilities ⓘ | 2,925 | 3,706 | 3,351 | 2,194 | 2,813 | 3,761 | |||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 1,580 | 1,638 | 1,712 | 613 | 669 | 775 | |||||
| CWIP ⓘ | 43 | 36 | 44 | 26 | 150 | 68 | |||||
| Investments ⓘ | 16 | 37 | 36 | 37 | 32 | 37 | |||||
| Inventories | 424 | 752 | 617 | 620 | 827 | 1,317 | |||||
| Trade Receivables | 531 | 599 | 554 | 627 | 788 | 942 | |||||
| Cash Equivalents | 28 | 22 | 37 | 7 | 8 | 9 | |||||
| Others Assets ⓘ | 304 | 622 | 351 | 264 | 340 | 614 | |||||
| Total Assets ⓘ | 2,925 | 3,706 | 3,351 | 2,194 | 2,813 | 3,761 | |||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -85 | -206 | 611 | 74 | -92 | -410 |
| Cash Flow From Investing Activity ⓘ + | -87 | -81 | -96 | -134 | -235 | -134 |
| Cash Flow From Financing Activity ⓘ + | 179 | 282 | -484 | 31 | 326 | 548 |
| Net Cash Flow ⓘ | 7 | -5 | 30 | -29 | -1 | 4 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.06 | 25.35 | 5.07 | -50.2 | 11.91 | 15.73 | ||||
| ROCE (%) | 14.85 | 21.06 | 6.94 | -50.15 | 13.41 | 15.1 | ||||
| Asset Turnover Ratio | 1 | 1.51 | 1.66 | 2.15 | 2.66 | 2.63 | ||||
| PAT to CFO Conversion(x) | -2.07 | -0.58 | 5.82 | N/A | -0.59 | -1.8 | ||||
| Working Capital Days | ||||||||||
| Receivable Days | 66.60 | 41.20 | 35.90 | 36.20 | 38.70 | 36.50 | ||||
| Inventory Days | 53.10 | 42.80 | 42.60 | 37.90 | 39.60 | 45.30 | ||||
| Payable Days | 34.50 | 19.50 | 18.70 | 16.90 | 12.70 | 13.50 | ||||
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CMR Green Technologies Ltd FAQs
The current trading price of CMR Green Tech on 29-Sep-2026 16:59 is ₹227.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Sep-2026 the market cap of CMR Green Tech stood at ₹4,992.3 Cr
The latest P/E ratio of CMR Green Tech as of 28-Sep-2026 is 39.37.
The latest P/B ratio of CMR Green Tech as of 28-Sep-2026 is 3.21.
The 52-week high of CMR Green Tech is ₹275.4 and the 52-week low is ₹200.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CMR Green Tech is ₹5,071 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that CMR Green Technologies Ltd is a average quality company.
The key valuation ratios of CMR Green Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of CMR Green Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About CMR Green Technologies Ltd
CMR Green Technologies was incorporated as ‘Grand Metal Industries Private Limited’ on August 23, 2005. Thereafter, pursuant to the conversion of the company to a public limited company, the name of the company was changed to ‘Grand Metal Industries Limited’ on May 28, 2020. The company proposed to change its name to CMR Green Technologies Limited pursuant to the Scheme of Arrangement. The change of name proposed (i) to reflect the activities of the merged company i.e., Century Metal Recycling Limited post amalgamation; (ii) to employ green technologies which would be environment friendly and reduce carbon footprint. Subsequently, its name was changed to ‘CMR Green Technologies Limited’ on August 11, 2021.
The company is engaged in manufacturing primary aluminium alloys, in solid ingot and liquid forms as well as zinc alloy ingots, aluminium billets and segregated furnace ready scrap of stainless steel, copper, brass, zinc, lead and magnesium. Some of the aluminium alloys manufactured by the company based on various standards are LM6, LM 4, HS-1, DAA1, ADC12, ADC6, 6063, 6061, 6082, 3105 among others.
The company produces aluminium billets that cater to both automotive and non-automotive sectors. These billets, made from recycled aluminium, are critical raw materials used in extrusion processes to create profiles for various applications. Its billets are manufactured to meet stringent industry standards, ensuring excellent mechanical properties, formability, and corrosion resistance. Further, it manufactures zinc alloy ingots, specifically, Z3 and Z5, a combination prepared by adding metals such as aluminium and zinc. It recycles used beverage cans scrap for fulfilling new metal requirements of primary producers.
Business area of the company
The company, along with its subsidiaries and joint ventures, is engaged in the business of manufacturing and selling of aluminium based die cast alloys and zinc alloys in India. It is also engaged in the business of segregation and sale of metal scrap as a part of manufacturing process (with a specific focus on stainless steel, brass, copper and zinc).
Products of the company
- Aluminium ingots
- Liquid Metal
- Aluminium billets
- Copper scrap
- Brass scrap
- Magnesium scrap
Awards, accreditations and recognition
- 2015: Certified by UNFCCC for carbon credits generated at its Bhiwadi Unit.
- 2023: Certified Great Place to Work from employees in assessment survey (Category: Mid-size Organisations).
- 2024: Received certificate of appreciation from Maruti Suzuki India Limited (MSIL) in recognition of the company’s special support in mobilising additional volume to support MSIL production.
- 2024: Received an award in recognition of overall performance for the year 2024-25 in India region by JTEKT.
- 2024: Best Partner Performance Business Support Award by JTEKT.
- 2024: Certified as a ‘Most preferred workplace for women 2024-25’ by Team Marksmen Network.
- 2025: Received recognition for ‘Raw material synergy (under CPS)’ by Suzuki Motorcycle India Private Limited.
- 2025: Received Indian CSR award empowering social welfare.
- 2025: Received ‘Employment Excellence Award’ for outstanding contribution in employment generation under New Age Sector from the Chief Minister of Odisha.
- 2025: Received Mahatma Award for HR Excellence.
- 2025: Received certificate of appreciation - Rotary India National CSR Awards Norther Region from Rotary India, in recognition of the company’s participation and commitment to social responsibility.
- 2025: Received award for export excellence in the ‘Other Non-ferrous metals & manufactures thereof (Other than aluminium) - Large enterprise’ category by the Engineering Export Promotion Council of India, Northern Region.
- 2025: Received ‘Best Employer Award 2025-26 (North India)’ by Employer Branding Institute, India.
- 2025: Certified as ‘Great Place to Work (Mid-size organisations)’ by Great Place to Work.
- 2025: Ranked 60th ‘Great Place to Work’ in the mid-sized companies in India across sectors for the year 2025.
- 2025: One of India’s Best Workplaces in Auto and Auto Components for the year 2025 by Great Place to Work.
- 2025: Ranked among Top 50 India’s Best Workplaces for Millennials in the mid-sized companies by Great Place to Work.
- 2025: Ranked among Top 25 India’s Best Workplaces Building a Culture of Innovation by All by Great Place to Work.
- 2025: Entered into a Share Subscription and Shareholders’ Agreement dated May 30, 2025 with Nippon Light Metal Co., Ltd., Japan for CMR Eco plant at Tirupati.
- 2025: Certified as a ‘Most preferred workplace 2025-26 (Manufacturing)’ by Team Marksmen Network.
- 2026: Certified as 'Best Workplaces in manufacturing' (Top 30- Mid-size India's Best Workplaces in Manufacturing 2026) by Great Place to Work.
History and milestones
- 2006: The company commenced operations through manufacturing of aluminium and zinc alloy ingot at its Tatarpur Unit.
- 2008: Introduced the manufacture and supply of liquid aluminium at its Haridwar Unit.
- 2009: Commenced operations at its Gurugram Unit by setting up a dedicated liquid aluminium manufacturing plant.
- 2011: Commenced operations at its Bhiwadi Unit by manufacturing and delivering aluminium alloy ingot and liquid aluminium alloy.
- 2011: Received private equity investment from Indian Automotive Components Manufacturers Private Equity Fund-1-Domestic.
- 2012: Signed a joint venture agreement with Nikkei Aluminium MC Co. Limited, Japan for setting up CMR Nikkei Private Limited at Bawal for manufacturing liquid aluminium alloy.
- 2012: Signed a joint venture agreement with Toyota Tsusho Corporation, Japan for setting up CMR Toyotsu Aluminium India Private Limited at Chennai for manufacturing aluminium alloy ingot.
- 2013: Commenced production at two plants - Bawal, Haryana and Chennai, Tamil Nadu.
- 2013: Commenced manufacturing liquid aluminium alloy at its Manesar Unit.
- 2013: Received private equity investment from Global Scrap Processors Limited.
- 2013: Introduced liquid metal delivery over the road to multiple customers.
- 2016: Started processing Zurik, a stainless- steel based scrap at its Tatarpur Unit.
- 2017: Setup of comprehensive IT systems including ERP that forms the backbone of CMR’s data driven culture today.
- 2019: Started commercial production at Vanod Unit I and Vallam Unit.
- 2020: Commenced production at Halol Unit.
- 2021: Started commercial production in Vanod Unit II under CMR Aluminium.
- 2021: The company entered into the Scheme of Arrangement, pursuant to which Grand Metal Recycling Private Limited, Suvridhi Financial Services Limited, Sanjivani Non Ferrous Trading Private Limited, Ramayana Polymers Private Limited, Forever Multimedia Private Limited and CMR were amalgamated into the company.
- 2023: Closed the Gurgaon Plant that was started in 2009 due to end-customer (Sunbeam) volumes shifting outside Gurgaon.
- 2024: Patent granted to the company for the invention titled ‘An Intelligent Ladle Transport Safety Monitoring System and Method’ by the Patent Office, Government of India.
- 2024: Commenced operations at its Tirupati Facility for aluminium billets.
- 2024: Commenced operations in Pune under JV Co- Nikkei CMR Aluminium.
- 2025: Commenced manufacturing of aluminium alloys liquid/ Ingots at its Sambalpur Facility for a primary aluminium producer, Hindalco Industries Limited.
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