Nupur Recyclers Ltd

NSE: NRL

Incorporated in 2019, Nupur Recyclers Ltd is in the business of import and processing /trading of ferrous and nonferrous metals[1]

₹53

52W: ₹45.1 — ₹94

PE 54.1 · Book ₹16.9 · +214% vs book

Market Cap₹366 Cr

Stock P/E54.1Price to Earnings

ROCE10.1%Return on Capital

ROE7.19%Return on Equity

Div. Yield0%Face Value ₹10

Strengths

−Stock is trading at 3.08 times its book value
−Though the company is reporting repeated profits, it is not paying out dividend
−Company has a low return on equity of 9.66% over last 3 years.
−Earnings include an other income of Rs.5.48 Cr.
−Debtor days have increased from 52.7 to 95.2 days.

Promoters73.13%

FIIs0%

DIIs0%

Public26.87%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	72.53%	72.53%	72.53%	72.54%▲0.0	72.79%▲0.3	73.02%▲0.2	73.02%	73.13%▲0.1
FIIs	0%	0.01%▲0.0	0.01%	0.03%▲0.0	0.07%▲0.0	0.07%	0.06%▼0.0	0%▼0.1
DIIs	0.29%	0.29%	0.29%	0%▼0.3	0%	0%	0%	0%
Public	27.18%	27.17%▼0.0	27.17%	27.43%▲0.3	27.14%▼0.3	26.91%▼0.2	26.92%▲0.0	26.87%▼0.1

Metric	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	43.67	74.36	44.42	34.42	39.51	30.36	29.75	27.86	32.31	43.23
Expenses	42.68	72.46	43.85	32.16	38.4	29.95	29.6	27.32	31.26	41.01
Operating Profit	0.99	1.9	0.57	2.26	1.11	0.41	0.15	0.54	1.05	2.22
OPM %	2.27%	2.56%	1.28%	6.57%	2.81%	1.35%	0.5%	1.94%	3.25%	5.14%
Net Profit	1.89	5.7	1.43	2.99	1.85	1.49	0.69	1.11	2.56	2.4
EPS ₹	0.28	0.83	0.21	0.44	0.27	0.22	0.1	0.16	0.37	0.35

Revenue Trend

TTM revenue at ₹133Cr, down 0.7% YoY. OPM at 3%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 73.13%.

Margin & Efficiency

ROCE improving from 0% (Mar 2019) to 10% (Mar 2025). Working capital days: 139.

Valuation

PE 54.1x with 10.1% ROCE. Price is 214% above book value of ₹16.9. Dividend yield: 0%.