Jain Resource Recycling Ltd

NSE: JAINREC BSE: 544537Metal

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]

₹520

52W: ₹248 — ₹594

PE 52.5 · Book ₹39.1 · +1230% vs book

Market Cap₹17,934 Cr

Stock P/E52.5Price to Earnings

ROCE27.2%Return on Capital

ROE39%Return on Equity

Div. Yield0%Face Value ₹2

Strengths

+Company has a good return on equity (ROE) track record: 3 Years ROE 46.0%

Weaknesses

−Stock is trading at 13.9 times its book value
−Though the company is reporting repeated profits, it is not paying out dividend

Shareholding Pattern

Promoters73.59%

FIIs3.02%

DIIs10.04%

Public13.28%

Category	Sep 2025	Dec 2025	Mar 2026
Promoters	73.59%	73.59%	73.59%
FIIs	6.42%	3.7%▼2.7	3.02%▼0.7
DIIs	6.43%	8.58%▲2.2	10.04%▲1.5
Public	13.56%	14%▲0.4	13.28%▼0.7

Financial Statements

Metric	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	1,436	1,343	1,724	1,639	1,470	2,055	2,676
Expenses	1,366	1,277	1,648	1,549	1,382	1,899	2,486
Operating Profit	71	66	76	90	88	156	190
OPM %	5%	5%	4%	6%	6%	8%	7%
Net Profit	58	55	42	56	59	99	127
EPS ₹	14.24	13.32	10.17	1.74	1.83	2.86	3.68

AI Insights

Revenue Trend

TTM revenue at ₹7,840Cr, up 27.6% YoY. OPM at 7%.

Debt Position

Borrowings at ₹1,220Cr. Debt-to-equity ratio: 0.95x. Moderate leverage.

Capex Cycle

CWIP at ₹3Cr (4% of fixed assets). Moderate ongoing capital expenditure.

Margin & Efficiency

ROCE improving from 0% (Mar 2022) to 27% (Mar 2025). Working capital days: 20.

Valuation

PE 52.5x with 27.2% ROCE. Price is 1230% above book value of ₹39.1. Dividend yield: 0%.