Jain Resource Recycling Ltd. Share Price

Jain Resource Recycling: 76% revenue, 4% margin

Jain Resource Recycling Limited (NSE: JAINREC) grew Q1 FY27 revenue 76% to ₹2,724.5 crore. EBITDA rose only 22% to ₹109.5 crore. The stock is near ₹275, down 54% from its high. What happened Net profit rose 23% to ₹69.4 crore, with EPS at ₹2.02. EBITDA margin narrowed to 4.0% from 5.8%. Copper now makes up 68.2% of revenue, against 46.4% a year ago. Lead is 29% and aluminium 3%. Sequentially, revenue fell 12% from ₹3,105 crore in the March quarter, while EBITDA was flat. A furnace blast at the Gummudipoondi plant added a setback. Why it matters The company buys metal scrap, refines it and sells the metal. Solar panel recycling is a new stream for this model, since old panels contain aluminium, copper and silver. But that market is still small next to a revenue base near ₹9,268 crore. My view Ignore the 76% headline. Revenue grew 76% while EBITDA grew 22%, because the mix shifted to copper. Copper carries a high value per tonne and a thin conversion spread, so it inflates sales without adding much profit. Now see how thin the cushion is. At a 4% EBITDA margin, the entire quarterly profit is the gap between what the company pays for scrap and what it sells metal for. A small adverse move in metal prices between purchase and sale can erase it. Debt to equity of 0.81 sharpens that risk. The stock is at around 27 times earnings after halving. That is not cheap for a converter earning 4%. What I am watching Q2 FY27 results, due in November, margin returning above 5%, and the furnace back in operation. On the chart, ₹247.80 is the 52-week low and support. My stance: Avoid until margins stabilise. Revisit near ₹250, and watch the spread, not sales. Disclosure: I do not hold a position in Jain Resource Recycling Limited at the time of writing. This is not investment advice.

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MOMENTUM MANTRA DAILY RUN-UP 📅 06 August 2026

MOMENTUM MANTRA DAILY RUN-UP 📅 06 August 2026 Opening View Indian markets are likely to open on a positive note, with GIFT Nifty trading near 24,723, up 74.80 points (+0.30%). Supportive global cues and sustained buying interest may keep sentiment positive, while the 24,700–24,800 zone will remain the immediate resistance area to watch. 📈 📈 Market Recap Indian equity benchmarks ended marginally higher in a volatile session after the RBI kept the repo rate unchanged at 5.25% and maintained its neutral policy stance, in line with expectations. However, higher crude oil prices amid renewed geopolitical tensions limited the market's gains. 📈 Nifty Key Levels ▪️ Support: 24,430 | 24,350 ▪️ Resistance: 24,650 | 24,780 💰 FII/DII Flow ▪️ FII: -₹943.42 crore ▪️ DII: +₹2,883.17 crore 📊 Options Positioning ▪️ PCR: 0.91 (Neutral to Slightly Bullish) – Put and Call OI remain relatively balanced, indicating a mildly positive near-term bias. ▪️ Resistance: 24,700–24,800 zone, with the highest Call OI concentration at 24,700, followed by 24,800 and 25,000. ▪️ Support: 24,600–24,500 zone, backed by strong Put OI buildup, with the highest Put OI at 24,600, followed by 24,500 and 24,400. ▪️ Max Pain: 24,550 – Suggests Nifty may gravitate around this level ahead of the weekly expiry. ▪️ Interpretation: PCR at 0.91 indicates a neutral to slightly bullish market structure. As long as Nifty holds above the 24,550–24,600 support zone, the broader positive bias is likely to remain intact. A sustained move above 24,700 could trigger fresh buying towards 24,800–25,000, while a break below 24,550 may lead to profit booking towards 24,500–24,400. Source: NSE India 🏭 Sectoral Outlook 🟢 Bank Nifty – Buy on Dips 🟢 PSU Bank – Buy on Dips 🟢 Metal – Buy on Dips 🟢 Energy – Buy on Dips 🟢 Pharma – Buy on Dips 🟢 Auto – Accumulate 🟡 Realty – Stock Specific 🚫 Stocks in NEWS

⚠️ For informational purposes only. Not investment advice.

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Jain Recycling : Copper Cash-Flow, Thin Margins

Jain Resource Recycling is one of India’s organised non-ferrous recyclers, converting scrap lead, copper, aluminium, tin and plastics into industrial raw material, with a strategic tilt toward copper. Over FY23–FY25, revenues rose from ₹30,641 million to ₹44,284 million and PAT from ₹918 million to ₹1,638 million, taking net margin only from 3.0% to 3.7%, signalling a scale-driven story with limited pricing power so far. In Q4 FY26, revenue was ₹31,050 million with net profit of ₹663 million, underscoring continued growth but still modest profitability at the bottom line. The company is pushing forward integration via Jain Green Technologies, with copper anode production underway and cathode, wire rod and bus bar projects progressing; if execution is sound, this can deepen the moat and improve margin quality. A JV with C&Y Group in Ahmedabad and a new scrap-processing plant should strengthen copper sourcing and volumes, a clear positive for long-term capacity and revenue visibility. On the lead side, Jain is trying to lock in battery scrap and secure raw material streams, which helps reduce input volatility but keeps it tied to cyclical commodity dynamics. For shareholders, rapid sales and profit CAGR (around mid-30s over three years) and capex-backed growth are attractive, yet the combination of low single-digit net margins, commodity-price exposure and the absence of dividends makes the stock more of a growth-and-execution bet than a clear value compounder today. Future gains for investors will depend on whether operating leverage, better product mix and disciplined capital allocation can translate this growth into sustainably higher returns on equity and free cash flow, rather than just larger but low-margin volumes.

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Jain Resource Recycl Latest Updates

Q4 FY26 Revenue and Profit Jump: For the final quarter ended March 31, 2026, Jain Resource Recycling reported a massive 76% year-on-year growth in consolidated revenue from operations, reaching ₹3,104.98 crore compared to ₹1,760.03 crore in Q4 FY25. Quarterly consolidated profit after tax (PAT) rose 22.2% year-on-year to hit ₹66.04 crore. EBITDA Margin Compression: Core annual EBITDA increased 53% to ₹559 crore, tracking a full-year margin improvement to 5.9%. However, quarterly EBITDA margins for Q4 dipped to 3.5%. This sharp compression was driven by compressed scrap availability, volatile London Metal Exchange (LME) copper pricing formulas, and elevated geopolitical logistics/freight outlays. Plastic Recycling Plant Expansion Capital: To drive forward market capture in the circular economy, the Board approved a fresh capital expenditure of ₹15 crore to build a brand-new Plastic Recycling Facility. The infrastructure expansion is targeted to achieve complete commercial operational readiness by Q3 FY27. Forward Integration Pipelines and Targets: Beyond the new plastic vertical, the company is advancing value-added forward integration projects under its Jain Green Technologies division, mapping out a copper anode and cathode production capex pipeline of ₹115–120 crore for FY27. Management expects these forward integration assets to structurally improve future consolidated EBITDA margins by 2% to 4%. IPO Capital Utilization: The company confirmed that its recent Initial Public Offering (IPO) capital proceeds, which raised a total pool of ₹4,736.43 million (₹473.64 crore), were completely and successfully deployed across designated expansion lines by March 31, 2026, with zero regulatory deviations.

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REC Strengthening India's Power Infrastructure Through Strategic Financing

REC Limited continues to play a vital role in supporting India's power and infrastructure sectors through long-term financing solutions. The company provides funding for projects across power generation, transmission, distribution, and renewable energy, contributing to the country's growing energy requirements. With increasing focus on electrification, clean energy adoption, and infrastructure expansion, REC remains an important financial partner for both public and private sector projects. Its diversified lending portfolio and emphasis on sustainable development align with India's long-term economic and energy goals. As infrastructure investments accelerate, REC's contribution to financing critical projects is expected to remain significant in the years ahead. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes ***** must verify information before investing and consider their financial position & risk profile. please read full disclosure disclaimer in given link

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Jain Resource Recycling Ltd Business & growth numbers

For 9M FY26 (to 31 Dec 2025), consolidated revenue grew 38% YoY to ~₹6,438 crore, with EBITDA up 65% to ₹449 crore (margin ~7%) and PAT up 65% to ₹281 crore (margin ~4.4%). In Q3 FY26, revenue jumped 56% YoY to ₹2,775.2 crore, EBITDA doubled (122% YoY to ₹199 crore), and PAT grew 150% YoY to ₹129.5 crore, driven by strong demand in copper, lead, and aluminium scrap.

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