Recycles non-ferrous metals — copper, lead, and aluminium — into ingots and downstream products. Copper and copper ingots contributed 55.1% of FY26 segment revenue, lead and lead alloy ingots 40.0%, aluminium and aluminium alloys 3.9%, and others 1.0%. Operations centre on the Gummidipoondi industrial complex in Tamil Nadu, where a copper anode line of 800 MT/month reached full commercial production in July 2026, with cathode, wire rod and bus bar lines scheduled to commission through Q2-Q3 FY27. Lead is currently running at about 97% capacity utilisation while copper operates at 65%. The cost structure is dominated by raw material (scrap) inputs at 96.6% of revenue, leaving a 5.9% FY26 EBITDA margin. Exports account for 62% of FY26 sales and domestic 38%, with FY26 revenue of ₹9,543 crore and FY27 capex guided at ₹115-120 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Copper & Copper Ingots (55%), Lead & Lead Alloy Ingots (40%), Aluminium & Aluminium Alloys (4%), Others (1%). Non-ferrous metals recycling with a raw-material-dominated cost structure
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 9,543 |
| EBITDA (ex other income) | 559 |
| margin % | 5.9 |
| Owners' profit | 352 |
| EPS, as reported (₹) | 10.25 |
| ROE % · ROCE % | 22.3 · 35.5 |
| Debt / equity (x) | 0.82 |
| Cash from operations | (602) |
| Capex | (103) |
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 1,549 | 2,114 | 2,775 | 3,105 | 2,724 |
| Profit before tax | 78 | 135 | 174 | 89 | 95 |
| Net profit | 57 | 99 | 126 | 66 | 69 |
| EPS (₹) | 1.77 | 3.06 | 3.66 | 1.91 | 2.02 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Alluminium & Alluminium Alloys | 108 | 1.1 |
| Lead & Lead Alloy Ingots | 3,818 | 40.0 |
| Copper & Copper Ingots | 4,613 | 48.3 |
| Others | 741 | 7.8 |
| Aluminium & Aluminium Alloys | 263 | 2.8 |
| Total, before eliminations | 9,543 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| VEDANTA LIMITED | 1,03,107 | 5.2 | 1.50 | 5.2 | 36.6 | 8.6 | (2.0) | 37.4 |
| JAIN RESOURCE RECYCLING L ◆ | 9,818 | 26.7 | 6.30 | 18.8 | 22.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 28 Aug 2026 · AGM voting results: all 3 resolutions passed | board shareholder meetings | low | — | — |
| 28 Aug 2026 · CRISIL upgrades Jain Resource Recycling rating to AA- with Stable outlook | credit debt | high | — | — |
| 27 Aug 2026 · Jain Resource Recycling's fifth AGM concludes; e-voting results pending | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Loan of Rs 44.5 Cr to subsidiary converted into equity shares | credit debt | medium | — | — |
| 26 Aug 2026 · Raises stake in UAE subsidiary Jain Ikon to 99.74% via loan-to-equity conversion | strategic transactions | medium | — | — |
| 22 Aug 2026 · Independent Director resigns, two new ones appointed | management changes | medium | — | — |
| 22 Aug 2026 · Independent Director Revathi Raghunathan resigns citing personal reasons | management changes | medium | — | — |
| 22 Aug 2026 · Board appoints 2 new Independent Directors, 1 resigns | general | low | — | — |
| 22 Aug 2026 · Two Independent Directors appointed to fill casual vacancies | management changes | medium | — | — |
| 22 Aug 2026 · Two independent directors resigned, two new independent directors appointed | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 29.5 |
| — |
| 4.4 |
| PONDY OXIDES & CHEM LTD | 3,471 | 11.4 | 4.40 | 16.8 | 16.7 | 22.8 | — | 6.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.7 | 16.3 | 49 of 73 | 33% |
| P/B | 6.3 | 2.2 | 59 of 70 | 15% |
| ROCE | 29.5 | 7.8 | 5 of 77 | 95% |
| ROE | 22.3 | 7.6 | 12 of 72 | 85% |
| Debt / Equity | 0.8 | 0.3 | 59 of 72 | 18% |
| EBITDA margin | 4.4 | 9.7 | 54 of 70 | 23% |
| Revenue growth | 75.9 | 14.4 | 12 of 72 | 85% |
| Profit growth | 22.8 | 34.9 | 41 of 72 | 44% |
| Market cap | 9818 | 424 | 20 of 78 | 75% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
