Jain Resource Recycling share price
NSE: JAINRECBSE: 544537Diversified MetalsSmall Cap
Jain Resource Recycling Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Oct 2025 · Issue price ₹232
Last close ₹274.60down ₹5.95 (2.12%)BSE ₹274.80
Share price at the NSE close on 29 Oct 2026. Previous close ₹280.55.
29 Oct: open ₹282.15, high ₹283.00, low ₹272.10
52-week range of traded prices to 29 Oct 2026
₹271.00Low, 21 Sep 2026₹593.95High, 8 May 2026
- Next results date: the board meets on 3 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹9,476 Cr452nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 26.15
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 6.07
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the latest balance sheet's; the one a year before is not on record.
- 23.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 19.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.82
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 8,53,41137.0% delivered
About Jain Resource Recycling
Jain Resource Recycling Limited is an Indian recycler of non-ferrous metals (metals other than iron) that turns lead, copper and aluminium scrap into lead and lead alloy ingots, copper and copper ingots, and aluminium alloys.1 Its main recycling plants are at Gummidipoondi, Chennai, and it sells to makers of lead-acid batteries, electrical and electronic goods, pigments and automotive parts in India and abroad.23
Its lead ingots sell under the JAIN 9997 brand, registered with the London Metal Exchange (LME) and accepted by India's Multi Commodity Exchange (MCX) for settling lead contracts.2 It recovers plastic granules from battery and cable scrap, recycles tin, makes lead-tin solders and trades non-ferrous metals.21 Its wholly owned subsidiary Jain Green Technologies recycles aluminium, makes copper anodes (cast copper plates) and is building lines for cathodes (copper refined by electrolysis), wire rods and busbars (thick bars that carry current).456 It has bought scrap from more than 120 countries; in the year to Mar 2026, 39% of its raw material by volume came from India.78
The business began as Jain Metal Rolling Mills, a partnership firm formed in 1953, which started lead refining in 2013 and copper cable recycling in 2018.9 The firm became a company on 25 Feb 2022.10 Its shares listed on NSE and BSE on 1 Oct 2025 after a ₹1,250 crore public issue: ₹500 crore of new shares and ₹750 crore sold by shareholders.118 It belongs to the Chennai-based Jain Metal Group, and its promoter Kamlesh Jain is chairman and managing director.121314
Jain Resource Recycling key points
Results
- In the quarter to Jun 2026, consolidated revenue from operations rose 76% to about ₹2,725 crore, EBITDA (earnings before interest, tax, depreciation and amortisation) 22% to about ₹110 crore and profit after tax 23% to about ₹69 crore.15
- The EBITDA margin was about 4% in the quarter to Jun 2026, against 5.8% a year earlier and 3.5% in the quarter to Mar 2026; the company cites product mix and the start-up of value-added copper.1617
- In the year to Mar 2026, consolidated revenue from operations rose 48.4% to ₹9,543.11 crore; as the company presents them, EBITDA rose 53.1% to ₹558.93 crore and profit after tax from continuing operations 58.8% to ₹352.22 crore.1819
- Sales volume grew about 26.5% in the year to Mar 2026; about 21 percentage points of the 48% revenue growth came from higher selling prices (price realisation), reflecting higher metal prices on the London Metal Exchange.20
Revenue mix
Where revenue comes from
Plants and capacity
- The company runs 5 recycling facilities in Tamil Nadu, one for segregating scrap, with combined actual production capacity of more than 2.4 lakh tonnes a year at the end of March 2026.25
- Authorised capacity, tonnes a year26
Item quarter to Jun 2026 Lead and lead alloy ingots 1,84,000 Copper and copper ingots 83,042 Aluminium and aluminium alloys 35,994 Plastic (PP and PVC granules) 13,200 Copper value-added products 12,000 Solder tin alloy and tin ingots 500
Customers and partners
- Customers the company names include Vedanta, Amara Raja Batteries, Luminous Power Technologies, HBL Batteries and Chloride Metals in India, and Mitsubishi Corporation, Nissan Trading Company, Trafigura, IXM, Toko and Hodaka abroad.27
- At the end of March 2026 the company had more than 350 customers; the top 5 gave 40.6% of revenue and the top 10 51.6%, and about 70% of revenue came from repeat customers.28
Expansion and capital spending
- The company said Phase 1 of its copper cathode project (1,500 tonnes a month in all) was due in the quarter to Sep 2026, and its wire rod and busbar lines (600 and 1,500 tonnes a month) in the quarter to Dec 2026.29
- On its earnings call of 4 Aug 2026, the company said trial production had begun at its Ahmedabad joint venture with C&Y Group, designed to turn about 72,000 tonnes of copper-bearing scrap a year into about 25,000 tonnes of copper products.30
- On its earnings call of 4 Aug 2026, the company said its antimony plant, with expected output of about 100 tonnes a month, and a ₹15 crore plastic recycling unit were both due in the quarter to Dec 2026.31
- On its earnings call of 4 Aug 2026, the company said it expects capital spending of about ₹87 crore in the year to Mar 2027, mostly on the copper value-added, antimony and plastic recycling projects.32
Recent events
- On 28 Aug 2026, the company reported that CRISIL Ratings raised the company's long-term bank loan rating, an opinion on its ability to repay, to CRISIL AA-/Stable from CRISIL A+ after the Unit-II plant resumed operations.33
- On 25 Aug 2026, the company agreed to convert a loan of about ₹44.50 crore to its UAE subsidiary Jain Ikon Global Ventures into shares, raising its stake from 70% to 99.74% to facilitate a later sale of its entire investment.3435
- A furnace accident at the Unit-II plant on 14 Jul 2026 killed 1 contract worker and injured others. The plant restarted, except the damaged shed, under an order of 27 Jul 2026; an order of 4 Aug 2026 lifted that restriction with safety conditions.3637
- On 6 Jul 2026, Jain Green Technologies completed its copper anode line, now 1,600 tonnes a month, by commissioning the second of its 2 furnaces; the first started in March 2026.3839
Litigation and regulatory matters
- SEBI fined promoter Kamlesh Jain and the Jain Family Trust ₹25,00,000 on 12 Dec 2025 over alleged insider trading in Refex Industries shares, not the company's.40
- On the promoter's appeal, the Securities Appellate Tribunal stayed recovery subject to a deposit of 50% of the penalty and listed a hearing for 23 Apr 2026; the company's documents give no outcome.41
- The secretarial auditor found ₹540 million of share sale proceeds was used to repay a promoter loan, not in line with the prospectus. The company called it inadvertent; the money came back as a loan, and shareholders ratified the use on 28 Apr 2026.4243
Last updated
All 43 sources, each with its page
- 1. Annual report, 5 Aug 2026, page 27
- 2. Annual report, 5 Aug 2026, page 28
- 3. Annual report, 5 Aug 2026, page 17
- 4. Annual report, 5 Aug 2026, page 31
- 5. Annual report, 5 Aug 2026, page 8
- 6. Annual report, 5 Aug 2026, page 12
- 7. Investor presentation, 3 Aug 2026, page 21
- 8. Annual report, 5 Aug 2026, page 29
- 9. Annual report, 5 Aug 2026, page 6
- 10. Annual report, 5 Aug 2026, page 101
- 11. Investor presentation, 3 Aug 2026, page 13
- 12. Annual report, 5 Aug 2026, page 5
- 13. Annual report, 5 Aug 2026, page 61
- 14. Annual report, 5 Aug 2026, page 7
- 15. Investor presentation, 3 Aug 2026, page 5
- 16. Earnings call, 4 Aug 2026, page 6
- 17. Investor presentation, 3 Aug 2026, page 5
- 18. Annual report, 5 Aug 2026, page 29
- 19. Annual report, 5 Aug 2026, page 31
- 20. Annual report, 5 Aug 2026, page 7
- 21. Earnings call, 4 Aug 2026, page 7
- 22. Annual report, 5 Aug 2026, page 11
- 23. Annual report, 5 Aug 2026, page 7
- 24. Investor presentation, 3 Aug 2026, page 19
- 25. Annual report, 5 Aug 2026, page 27
- 26. Investor presentation, 3 Aug 2026, page 17
- 27. Annual report, 5 Aug 2026, page 40
- 28. Investor presentation, 3 Aug 2026, page 19
- 29. Earnings call, 4 Aug 2026, page 5
- 30. Earnings call, 4 Aug 2026, page 5
- 31. Earnings call, 4 Aug 2026, page 5
- 32. Earnings call, 4 Aug 2026, page 7
- 33. Exchange filing, 28 Aug 2026, page 1
- 34. Exchange filing, 26 Aug 2026, page 1
- 35. Exchange filing, 26 Aug 2026, page 2
- 36. Earnings call, 4 Aug 2026, page 4
- 37. Exchange filing, 5 Aug 2026, page 1
- 38. Exchange filing, 8 Jul 2026, page 1
- 39. Earnings call, 4 Aug 2026, page 5
- 40. Annual report, 5 Aug 2026, page 62
- 41. Annual report, 5 Aug 2026, page 44
- 42. Annual report, 5 Aug 2026, page 35
- 43. Annual report, 5 Aug 2026, page 75
Results
Consolidated; ₹ crore.Jain Resource Recycling quarterly results
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,724 Crdown 12.26%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹69 Crup 5.11%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 2.5%
Revenue by quarter
Peak revenue ₹3,105 Cr, quarter to Mar 2026; lowest ₹1,549 Cr, quarter to Jun 2025
Net profit by quarter, a loss in red
| ₹ crore | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 1,549 | 2,114 | 2,775 | 3,105 | 2,724 |
| Net profit | 57 | 99 | 126 | 66 | 69 |
| Net margin | 3.6% | 4.7% | 4.5% | 2.1% | 2.5% |
Consolidated. The 5 quarters from Jun 2025, the first on record. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026
- Revenue
- ₹9,543 Cr
- Net profit
- ₹347 Cr
- Net margin
- 3.6%
| ₹ crore | Mar 2026 |
|---|---|
| Revenue | 9,543 |
| Net profit | 347 |
| Net margin | 3.6% |
Consolidated. Years to March. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Copper & Copper IngotsCopper & Copper Ingots, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5,262 Cr55.1%
- Lead & Lead Alloy IngotsLead & Lead Alloy Ingots, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,818 Cr40.0%
- Alluminium & Alluminium AlloysAlluminium & Alluminium Alloys, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹371 Cr3.9%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹92 Cr1.0%
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.Jain Resource Recycling PE ratio and valuation
Price to book
At or below today's level on 1% of 247 trading days over the last year.
LowestHighest
Its median9.56Industry median1.97
Mutual fund holdings
45 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 38 of the 39 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 45 funds holding Jain Resource Recycling
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 11
- CutCut. Funds that held fewer shares than at the end of the month before.
- 28
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 5
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
 Motilal Oswal Large and Midcap FundMotilal Oswal Mutual Fund | 1,49,15,353 | 2.20% | ₹436.1 Cr |
| Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund | 55,55,452 | 3.32% | ₹162.4 Cr |
 Axis Innovation FundAxis Mutual Fund | 7,03,728 | 1.53% | ₹20.6 Cr |
 Nippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund | 1,09,328 | 0.09% | ₹3.20 Cr |
 HDFC Nifty Smallcap 250 ETFHDFC Mutual Fund | 85,791 | 0.09% | ₹2.51 Cr |
| Motilal Oswal Special Opportunities FundMotilal Oswal Mutual Fund | 72,000 | 1.94% | ₹2.10 Cr |
 SBI Nifty Smallcap 250 Index FundSBI Mutual Fund | 55,538 | 0.09% | ₹1.62 Cr |
| Motilal Oswal Nifty Smallcap 250 Index FundMotilal Oswal Mutual Fund | 39,395 | 0.09% | ₹1.15 Cr |
| Nippon India Nifty 500 Equal Weight Index FundNippon India Mutual Fund | 32,135 | 0.21% | ₹0.94 Cr |
 ICICI Prudential Nifty Smallcap 250 Index FundICICI Prudential Mutual Fund | 24,902 | 0.09% | ₹0.73 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 30 Oct 2025.Jain Resource Recycling insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 1 pledge created
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Jain Resource Recycling competitors and peers
Metals & Mining, 99 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Jain Resource Recycling in market cap.Metal stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Gravita IndiaGRAVITA | 10,434 | 26.22 | 3.94 | +23.9% | +9.8% | 16.2% | 12.1% | 0.00% |
 Vedanta Iron and SteelVISL | 9,889 | – | 1.69 | – | – | – | – | 0.00% |
 Lloyds EnterprisesLLOYDSENT | 9,582 | – | 2.31 | +32.9% | – | – | 2.5% | 0.08% |
 Augmont EnterprisesAUGMONT | 9,554 | – | – | – | – | – | – | 0.00% |
 Sandur Manganese & Iron OresSANDUMA | 8,171 | 11.39 | 2.51 | +45.2% | +45.7% | 24.5% | 24.4% | 0.30% |
 Kirloskar Ferrous IndustriesKIRLFER | 7,208 | 20.74 | 1.87 | +3.8% | +8.8% | 9.5% | 11.6% | 1.37% |
 Indian Metals & Ferro AlloysIMFA | 5,970 | 11.38 | 2.20 | +23.6% | +46.5% | 20.7% | 18.4% | 1.13% |
 Jai Balaji IndustriesJAIBALAJI | 5,827 | 40.29 | 2.58 | +2.0% | −65.5% | 6.6% | 9.1% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Jain Resource Recycling announcements
Oct 2026
29 Oct · Board meeting
16 Oct · Meeting
15 Oct · Board meeting
Sep 2026
Jain Resource Recycling share price by year
Each calendar year to 2025.Jain Resource Recycling share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 415.40 | – | 457.90 | 304.58 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2025 is from its first session, 1 Oct 2025.
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 283.65 | 285.30 | 279.05 | 280.55 | 282.48 | 4,89,142 | 40.3% |
| 27 Oct 2026 | 282.70 | 288.00 | 282.00 | 283.65 | 284.84 | 3,73,987 | 34.6% |
| 26 Oct 2026 | 285.50 | 287.90 | 280.10 | 282.70 | 284.07 | 4,90,750 | 38.5% |
| 23 Oct 2026 | 289.00 | 290.95 | 277.70 | 289.20 | 284.20 | 8,10,320 | 30.7% |
| 22 Oct 2026 | 288.85 | 290.85 | 282.25 | 289.60 | 286.60 | 5,05,142 | 32.4% |
| 21 Oct 2026 | 286.10 | 291.35 | 277.50 | 288.85 | 284.89 | 6,82,982 | 32.4% |
| 19 Oct 2026 | 290.50 | 297.30 | 283.50 | 285.65 | 289.44 | 7,09,296 | 20.3% |
| 16 Oct 2026 | 294.50 | 294.50 | 288.00 | 289.80 | 290.31 | 3,57,963 | 36.4% |
| 15 Oct 2026 | 287.20 | 293.75 | 284.10 | 292.80 | 289.32 | 6,48,337 | 42.1% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- JAINREC
- BSE code
- 544537
- ISIN
- INE0YD401026
- Industry
- Diversified Metals
- Website
- www.jainmetalgroup.com
- CIN
- U27320TN2022PLC150206
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2022
- Registered office
- Old no 7/1, New No 20, The Lattice, 4th Floor, Waddles Road, Kilpauk, Chennai 600010, Tamil Nadu
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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