BSE: 543805
RESGEN LIMITED
Processes plastic waste and end-of-life tyres into reusable products through two main businesses: PlasEco, which runs an 11,000+ tonne plastic waste processing facility at Palghar, and TyreTurn, a tyre pyrolysis operation that uses Advanced Batch Automated/Continuous Process technology with zero emission and zero discharge. The company also trades Extended Producer Responsibility (EPR) credits through a partnership with BNZ Green Technologies, helping producers meet plastic recovery obligations. It holds a 23.40% equity stake in HareKrishna Rubber Industries, a private associate in mechanical recycling of end-of-life tyres (un audited FY25 turnover Rs 23.04 crore), which contributed Rs 142.70 lakhs as share of profit to FY26 consolidated results. Materials and feedstock are the dominant input cost at 84.3% of revenue, with employee costs at 1.4% and other operating expenses at 2.2%. On a standalone basis, FY26 total income was Rs 7,271.98 lakhs and profit after tax was Rs 877.06 lakhs, with long-term borrowings fully repaid during the year. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Plastic waste processing (PlasEco), Tyre pyrolysis (TyreTurn), EPR credit trading, Share of associate profits. Small-cap waste-to-energy processor with high raw-material intensity and very low overheads.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 71 | 71 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 4.86 | 4.86 |
| ROE % · ROCE % | — · 18.2 | — · 18.2 |
| Debt / equity (x) | — | — |
| Cash from operations | 4 | 4 |
| Capex | (0) | (0) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q4 FY25 | Q4 FY26 |
|---|---|---|
| Revenue | 33 | 33 |
| Profit before tax | 7 | 7 |
| Net profit | — | — |
| EPS (₹) | 2.94 | 2.94 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| RELIANCE INDUSTRIES LTD | 15,67,121 | 21.0 | 1.44 | 8.6 | 8.8 | 7.5 | 17.2 | 17.3 |
| INDIAN OIL CORP LTD | 1,82,983 | 5.3 | 0.81 | 3.9 | 19.4 | 17.1 | 11.6 | 1.6 |
| BHARAT PETROLEUM CORP LT | 1,22,623 | 7.2 | 1.22 | 3.8 | 25.8 | 23.2 | 11.4 | (0.6) |
| HINDUSTAN PETROLEUM CORP | 73,867 | 44.2 | 1.13 | 3.8 | 27.5 | 19.3 | 12.1 | (10.7) |
| MRPL | 30,294 | 9.6 | 2.13 | 6.8 | 13.6 | 15.7 | 15.6 | 4.5 |
| CHENNAI PETROLEUM CORP LT | 22,631 | 5.4 | 2.04 | 4.9 | 27.9 | 31.9 | 13.4 | 5.4 |
| SANMIT INFRA LIMITED | 726 | 382.7 | 18.78 | — | 5.1 | 6.1 | — | 10.2 |
| RAJASTHAN SECURITIES LIMITED | 464 | 5.7 | 3.97 | — | 69.3 | 88.6 | — | 119.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.0 | 8.0 | 7 of 13 | 50% |
| ROCE | 17.9 | 16.4 | 5 of 12 | 64% |
| Market cap | 99 | 726 | 10 of 13 | 25% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · RTA Confirms All Shares in Demat Form for Q2 FY26 | compliance | minimal | — | — |
| 30 Sept 2026 · Resgen 8th AGM: Both resolutions passed unanimously | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Resgen 8th AGM proceedings filed, meeting held on Sept 30, 2026 | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1 till 48 hrs after H1 FY26 results approval | compliance | minimal | — | — |
| 9 Sept 2026 · Resgen Limited 8th AGM Notice Published in Newspapers | compliance | minimal | — | — |
| 8 Sept 2026 · Book closure for 8th AGM from Sept 24 to Sept 30, 2026 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · ResGen submits 8th AGM notice; meeting on 30 Sept 2026 via video conferencing | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Annual Report FY25-26 and 8th AGM notice filed with BSE | results | high | — | — |
| 8 Sept 2026 · Board approves audit reports; 8th AGM scheduled for 30 September 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Board meeting on 8 Sept 2026 to set 8th AGM date and approve Directors Report | board shareholder meetings | low | — | — |
How to read this document
| 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 | 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 |
Sources, method and disclosures
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.