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About
Jain Resource Recycling Ltd (JAINREC)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544537 NSE: JAINREC Metal - Non Ferrous | Small Cap | Jain Resource Recycl Share Price
₹301.95 8.25 (2.81%)
As on 17-Aug'26 16:59
Jain Resource Recycling Ltd (JAINREC)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544537 NSE: JAINREC Metal - Non Ferrous | Small Cap | Jain Resource Recycl Share Price
₹301.95 8.25 (2.81%)
As on 17-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹10,135 Cr.
Current Price
₹302
52-Week Low / High
₹248 / 594
TTM EPS
₹10.4
TTM Sales
₹10,403 Cr.
Book Value per Share
₹46.8
P/E Ratio
28.14
Lower than its 5-year historical median
Industry PE
17
Price to Book (P/B)
6.27
Higher than its 5-year historical median
Price to Sales (P/S)
0.97
Lower than its 5-year historical median
EV/EBITDA
18.84
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
30.79%
Outperforms industry median
Return on Capital Employed (ROCE)
26.14%
Outperforms industry median
Return on Assets (ROA)
13.79%
Operating Profit Margin
5.8%
Net Profit Margin
3.76%
Gross Profit Margin
5.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
50.26%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
56.15%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
64.19%
Asset Quality
Promoter Holding
73.59%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,547 Cr.
Equity
₹69 Cr.
Face Value
₹2
All Time Low / High
₹247.80 / 593.95
Check Before You Invest
Quality
Somewhat GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
Is Jain Resource Recycling Ltd a good quality company?
Jain Resource Recycling 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 Jain Resource Recycling Ltd performance compare with that of its Peers?
Revenue growth of Jain Resource Recycling Ltd vs industry peers?
Jain Resource Recycling Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Jain Resource Recycling Ltd?
Promoters hold 73.59% of the Jain Resource Recycling Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Jain Resource Recycling 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.
Jain Resource Recycling 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'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 16.3% | 14.5% | 29.9% | 27.4% | 26.1% | - |
| Value Creation Index ⓘ | 0.2 | 0.1 | 1.2 | 1.0 | 0.9 | - |
Growth Parameters ⓘ |
||||||
| Sales ⓘ | 2,850 | 1,867 | 4,157 | 6,143 | 9,231 | 10,403 |
| Sales YoY Gr. | - | -34.5% | 122.6% | 47.8% | 50.3% | - |
| Adj EPS ⓘ | 3.7 | 2.6 | 7.8 | 6.5 | 10 | 10.4 |
| YoY Gr. | - | -30.6% | 199.6% | -16.6% | 54.1% | - |
| BVPS (₹) ⓘ | 4.3 | 7.8 | 16.8 | 21.9 | 44.7 | 46.8 |
| Adj Net Profit ⓘ | 74.6 | 51.8 | 159 | 209 | 344 | 360 |
| Cash Flow from Ops. ⓘ | 58 | 51.5 | 81.2 | 28 | -570 | - |
| Debt/CF from Ops. ⓘ | 12.5 | 7.3 | 10.4 | 29.1 | -2.2 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 70.4% | 50.3% | ||||
| Adj EPS ⓘ | NA | NA | 56.7% | 54.1% | ||||
| BVPSⓘ | NA | NA | 78.7% | 104.1% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 56.6 | 35.6 | 60.7 | 39 | 30.5 | 22.8 |
| Op. Profit Mgn % ⓘ | 4.1 | 4.7 | 5.4 | 5.6 | 5.8 | 5.3 |
| Net Profit Mgn % ⓘ | 2.6 | 2.8 | 3.8 | 3.4 | 3.7 | 3.5 |
| Debt to Equity ⓘ | 6.6 | 2.4 | 2.5 | 1.2 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 121 | 69 | 73 | 84 | 68 |
| Cash Conv. Cycle ⓘ | 0 | 74 | 39 | 39 | 49 | 25 |
Valuation of Jain Resource Recycl - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Sales | 2,850 | 1,867 | 4,157 | 6,143 | 9,231 |
| Operating Expenses ⓘ + | 2,732 | 1,779 | 3,931 | 5,799 | 8,693 |
| Operating Profit ⓘ | 118 | 88 | 226 | 345 | 538 |
| Operating Profit Margin (%) | 4.1% | 4.7% | 5.4% | 5.6% | 5.8% |
| Other Income ⓘ + | 31 | 22 | 45 | 40 | 37 |
| Interest ⓘ | 17 | 20 | 52 | 86 | 96 |
| Depreciation ⓘ | 9 | 9 | 10 | 11 | 11 |
| Profit Before Tax ⓘ | 122 | 82 | 210 | 289 | 468 |
| Tax ⓘ | 36 | 21 | 50 | 78 | 121 |
| Profit After Tax | 87 | 61 | 160 | 211 | 347 |
| PAT Margin (%) | 3.1% | 3.3% | 3.8% | 3.4% | 3.8% |
| Adjusted EPS (₹) | 4.3 | 3.0 | 7.8 | 6.5 | 10.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 110 | 159 | 344 | 709 | 1,543 | ||||||
| Debt + | 725 | 377 | 843 | 811 | 1,248 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 38 | 24 | 25 | 98 | 336 | ||||||
| Others Liabilities ⓘ | 158 | 18 | 237 | 83 | 199 | ||||||
| Total Liabilities ⓘ | 1,031 | 579 | 1,449 | 1,702 | 3,325 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 54 | 24 | 56 | 65 | 81 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 3 | 0 | ||||||
| Investments ⓘ | 0 | 6 | 26 | 45 | 159 | ||||||
| Inventories | 342 | 161 | 498 | 626 | 1,403 | ||||||
| Trade Receivables | 211 | 106 | 168 | 123 | 461 | ||||||
| Cash Equivalents | 216 | 70 | 281 | 210 | 216 | ||||||
| Others Assets ⓘ | 208 | 211 | 420 | 629 | 1,005 | ||||||
| Total Assets ⓘ | 1,031 | 579 | 1,449 | 1,702 | 3,325 | ||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 58 | 52 | 81 | 28 | -570 |
| Cash Flow From Investing Activity ⓘ + | -147 | 41 | -113 | -10 | -185 |
| Cash Flow From Financing Activity ⓘ + | 89 | -92 | 107 | -77 | 804 |
| Net Cash Flow ⓘ | 0 | 0 | 75 | -59 | 48 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 100.86 | 50 | 63.76 | 40.1 | 30.79 | |||||
| ROCE (%) | 16.3 | 14.5 | 29.92 | 27.42 | 26.14 | |||||
| Asset Turnover Ratio | 2.77 | 2.32 | 4.1 | 3.9 | 3.67 | |||||
| PAT to CFO Conversion(x) | 0.67 | 0.85 | 0.51 | 0.13 | -1.64 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 27 | 31 | 12.10 | 8.60 | 11.50 | |||||
| Inventory Days | 43.90 | 49.20 | 28.90 | 33.40 | 40.10 | |||||
| Payable Days | 5.30 | 6.70 | 2.40 | 3.10 | 2.50 | |||||
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Jain Resource Recycling Ltd FAQs
The current trading price of Jain Resource Recycl on 17-Aug-2026 16:59 is ₹301.9.
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 16-Aug-2026 the market cap of Jain Resource Recycl stood at ₹10,135.2 Cr
The latest P/E ratio of Jain Resource Recycl as of 16-Aug-2026 is 28.14.
The latest P/B ratio of Jain Resource Recycl as of 16-Aug-2026 is 6.27.
The 52-week high of Jain Resource Recycl is ₹594.0 and the 52-week low is ₹247.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jain Resource Recycl is ₹10,403 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Jain Resource Recycling Ltd is a average quality company.
The key valuation ratios of Jain Resource Recycling Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jain Resource Recycling Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Jain Resource Recycling Ltd
Jain Resource Recycling Limited (formerly known as Jain Resource Recycling Private Limited) domiciled in India was incorporated on February 25, 2022 under the Provisions of Companies Act applicable in India.
Jain Resource Recycling along with its subsidiaries (Jain Metal Group) is engaged in the recycling and production of non-ferrous metals in India with capabilities to handle multiple products in recycling at a single location and has an extensive global network for sourcing recyclable materials. It is primarily focused on manufacturing of non-ferrous metal products by way of recycling of non-ferrous metal scrap. Its product portfolio comprises of (i) lead and lead alloy ingots; (ii) copper and copper ingots; and (iii) aluminium and aluminium alloys. The company’s lead ingot is registered as a brand by the London Metal Exchange which provides the company a distinct advantage of access to a broader customer base by offering products compliant with international quality standards along with the benefit of LME reference pricing with respect to supply of its products in global markets.
Its key raw materials include: (i) lead scrap rains, lead scrap rinks, lead scrap relay and lead scrap radio for lead products; (ii) copper scrap druid, copper scrap berry and copper scrap birch for copper products; (iii) aluminium scrap tread, aluminium scarp talon and aluminium scrap tense for aluminium products. Its recycling operations are vertically integrated with end-to-end recycling processes wherein raw materials are procured both domestically and internationally. It caters to customers in various industries including lead acid battery, electrical and electronics, pigments, and automotive. It caters to both international and domestic markets.
Business area of the company
Jain Resource Recycling, along with its subsidiaries, is engaged in the recycling and production of non-ferrous metals in India. It is primarily focused on recycling of non-ferrous metal scrap and Its product portfolio comprises of (i) lead and lead alloy ingots; (ii) copper and copper ingots; and (iii) aluminium and aluminium alloys. Its lead ingot is registered as a brand on the London Metal Exchange providing it the distinct advantage of having access to a broad customer base by offering products compliant with international quality standards. It is also engaged in trading of non-ferrous metals and other commodities.
Products of the company
Lead & Lead Alloy Ingots
- Refined Lead Ingot
- Antimony Lead Ingot
- Remelted Lead Ingot
Copper & Copper Ingots
- Refined Copper Billet
- Copper Alloy Billets/Ingots
- Copper Ingots
- Finished copper scarp
Aluminium & Aluminium Alloys
- Aluminium Alloy Ingot
- Molten Aluminium Alloy
Tin Ingots
- Crude Tin Ingots
- Lead Tin Alloy Solders/Ingots
Plastic Granules
Key awards, accreditations and recognitions
- 2023: Received the Non-Ferrous Best Performance Award 2022-23 by The Indian Institute of Metals.
- 2023: Received the Global Platinum Business Excellence Award for the ‘Fastest Growing Company of the Year in Metal’ by MSME Chamber of Commerce and Industry of India.
- 2025: Received the Times Business Awards North 2025 for Excellence in Recycling and Manufacturing in the Times Business Awards.
- 2025: Received the Leading Hedger - Base Metals in the MCX Awards 2025.
History and milestones
- 2013: Commencement of operations by setting up a lead refining unit.
- 2018: Expansion of operations by setting up a copper cable recycling unit.
- 2022: Conversion of Jain Metal Rolling Mills from a partnership firm to a private limited company, Jain Resource Recycling Private Limited.
- 2022: Ventured into aluminium recycling by way of establishing a subsidiary, Jain Green Technologies Private Limited.
- 2023: Secured registration with the London Metal Exchange with the brand name “Jain 9997”.
- 2022: Initiated supply of aluminium alloys to customers in hot molten form Acquired stake in a foreign subsidiary, Jain Ikon Global Ventures (FZC) in Sharjah, UAE for expansion of operations in gold refining.
- 2024: Entered into an agreement with Mars Metals and Minerals Private Limited and Star Minerals and Metals Pte Limited for expansion of operations in Sri Lanka for mining heavy minerals.
- 2024: Installation and commissioning of the gold refining facility in UAE for commencement of gold refining operations.
- 2025: Conversion from a private limited company to a public limited company.
- 2025: Approval of the Scheme of Amalgamation with Jain Recycling Private Limited.
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