CMR GREEN TECHNOLOGIES L

India-based secondary aluminium maker that recycles aluminium scrap into products for industrial buyers, including liquid aluminium, recycled billets and UBC (Used Beverage Can) recycling. Customers span auto manufacturers (passenger vehicles, two-wheelers and EVs including Ather Energy) and non-auto buyers in construction, electrical and engineering, with volume mix targeted at 60% auto alloys, 20% non-auto and 20% other metals. Installed recycling capacity is targeted to cross 7 lakh TPA by end of FY27, up from a base of about 6.15 lakh TPA, via greenfield investment at Shoolagiri and Bawal and ramp-ups at Tirupati and Odisha. Pricing is on a pass-through basis, with raw material scrap accounting for 78-80% of revenue; the tracked performance metric is EBITDA per ton at Rs 12,000/ton. Q1 FY27 consolidated revenue was Rs 3,122 cr (up 65% YoY) on volumes up 25%, and FY26 revenue stood at Rs 8,640 cr with EBITDA of Rs 449 cr and PAT of Rs 228 cr. Liquid aluminium now exceeds 50% of aluminium sales, while billets grew 149% YoY and UBC 333% YoY in Q1 FY27. The company listed on NSE and BSE in June 2026 with a Rs 630.6 cr IPO.