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India
As of 18 Sept 2026, 03:30 pm
On August 28, 2026, CRISIL Ratings Limited upgraded Jain Resource Recycling Limited's long-term bank facilities rating from 'CRISIL A+/Watch Developing' to 'CRISIL AA-/Stable'. This upgrade followed the restoration of operations at the company's Unit-II facility in Gummidipoondi and the receipt of necessary approvals. CRISIL noted limited operational disruption and negligible financial impact from a prior incident.
On August 25, 2026, Jain Resource Recycling Limited's Borrowing and Investment Committee approved converting a loan of AED 17,064,000 (approximately ₹44.50 Crores) into equity shares of its subsidiary, Jain Ikon Global Ventures FZC. This conversion increased the company's shareholding from 70% to 99.74% without any fresh cash outflow. The company stated this is intended to consolidate the investment in the loss-making entity to facilitate future divestment.
At the 5th Annual General Meeting of Jain Resource Recycling Limited held on August 27, 2026, all three proposed resolutions were passed. These included the adoption of audited financial statements for the fiscal year ended March 31, 2026, the reappointment of Mr. Kamlesh Jain as a director, and the ratification of cost auditor remuneration for the fiscal year ending March 31, 2027.
As of September 18, 2026, the daily trend for Jain Resource Recycling indicates a bearish Supertrend with a value of 305.3, and the 20-day Exponential Moving Average (EMA) slope is negative (-6.37). Similarly, the weekly trend also shows a bearish Supertrend at 381.29, with a significantly negative 20-day EMA slope of -32.45. The stock's closing price on this date was ₹276.25.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹2,724.46 crore | PEAK₹3,104.98 crore | ₹2,775.17 crore | ₹2,113.71 crore | ₹1,549.25 crore |
| Segment Revenue From Operations | ₹2,724.46 crore | PEAK₹3,104.98 crore | ₹2,775.17 crore | ₹2,113.73 crore | ₹1,549.25 crore |
| Finance Costs | ₹18.92 crore | ₹26.23 crore | ₹25.78 crore | PEAK₹27.49 crore | ₹16.22 crore |
| Other Expenses | ₹49.55 crore | ₹23.88 crore | PEAK₹70.74 crore | ₹65.32 crore | ₹57.48 crore |
| Profit Before Tax | ₹95.36 crore | ₹88.99 crore | PEAK₹174.40 crore | ₹134.52 crore | ₹78.01 crore |
| Basic Earnings Loss Per Share From Continuing Operations | ₹2.02 per share | ₹1.91 per share | PEAK₹3.75 per share | ₹3.06 per share | ₹1.78 per share |
Using the reported profit from continuing operations of ₹70.85 crore and basic earnings per share of ₹2.02, the implied weighted average number of shares outstanding was approximately 35.07 crore. A year earlier, the implied share count was around 32.42 crore (₹57.70 crore / ₹1.78). The sequential implied share count also rose from about 34.71 crore in Q4 FY2025‑26.
Jain Resource Recycling’s Q1 FY2026‑27 performance combined a 12.3% sequential revenue decline with a 7.2% increase in profit before tax, supported by lower finance costs. Year‑over‑year revenue and profit before tax remained substantially higher. Segment‑level profitability exceeded the consolidated figure, pointing to unallocated costs. Expense movements, including a drop in finance costs and a rise in other expenses, shaped the quarterly profit outcome.
Exchange disclosures and regulatory announcements for Jain Resource Recycling.
On September 17, 2026, the Borrowing and Investment Committee of Jain Resource Recycling Limited approved an additional corporate guarantee of up to INR 50 crore in favor of ICICI Bank Limited for its subsidiary, Jain CY Circular Solutions Private Limited. This second tranche brings the total guaranteed amount for the subsidiary to INR 100 crore under a limit previously authorized by the Audit Committee on July 13, 2026. The guarantee secures working capital and other short-term facilities for the subsidiary and is recorded as a contingent liability with no immediate cash outflow.
JAIN RESOURCE RECYCLING LIMITED has informed the Exchange about Giving of guarantees or indemnity (Sub-para 11-Para B) |SUBJECT: Giving of guarantees or indemnity (Sub-para 11-Para B)
CRISIL Ratings Limited revised Jain Resource Recycling Limited's long-term bank facilities rating from 'CRISIL A+/Watch Developing' to 'CRISIL AA-/Stable' on August 27, 2026, removing the rating from 'Watch Developing'. The upgrade follows restored operations at the Company's Unit-II facility in Gummidipoondi and receipt of all necessary approvals from the Directorate of Industrial Safety and Health, with CRISIL noting limited operational disruption and negligible financial impact from the incident.
At the 5th Annual General Meeting of Jain Resource Recycling Limited held on August 27, 2026, all three resolutions were duly passed. The resolutions included the adoption of audited financial statements for the fiscal year ended March 31, 2026, the reappointment of Mr. Kamlesh Jain as a director, and the ratification of cost auditor remuneration for the fiscal year ending March 31, 2027. The scrutinizer's report was issued on August 28, 2026.
Jain Resource Recycling Limited held its 5th Annual General Meeting on August 27, 2026, via video conferencing to transact business for the financial year ended March 31, 2026. The meeting featured attendance by seven directors, including Chairman Kamlesh Jain, and resulted in resolutions to adopt audited financial statements, reappoint Mr. Kamlesh Jain as a director, and ratify remuneration for the Cost Auditor for the fiscal year ending March 31, 2027. All proposed resolutions were deemed passed subject to receiving requisite majority votes from shareholders who participated through remote e-voting or during the meeting.
On August 25, 2026, Jain Resource Recycling Limited's Borrowing and Investment Committee approved converting an outstanding loan of AED 17,064,000 (about INR 44.50 Crores) advanced to its subsidiary Jain Ikon Global Ventures FZC into equity shares at AED 1,500 per share. This will increase the company's shareholding in Jain Ikon from 70% to 99.74%, with no fresh cash outflow. The conversion is intended to consolidate the investment and facilitate subsequent divestment of the entire stake, expected to complete within two months subject to regulatory approvals in India and the UAE.
On August 25, 2026, Jain Resource Recycling Limited executed a Loan Conversion Agreement with its subsidiary, Jain Ikon Global Ventures FZC, to convert an outstanding unsecured loan of AED 1,70,64,000 (approximately INR 44.50 Crores) into 11,376 equity shares. This transaction increases the Company's shareholding in Jain Ikon from 70% to 99.74% and is intended to consolidate the investment in the loss-making entity to facilitate future divestment. The conversion was priced at AED 1,500 per share, representing the face value, and constitutes an arm's length related party transaction.
JAIN RESOURCE RECYCLING LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL
Recent market and company developments associated with Jain Resource Recycling.
ICICI Securities, Jain Resource Recycling, buy, Recommendations
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Jain Resource Recycling Ltd on Tuesday said a furnace explosion at its manufacturing facility in Tamil Nadu claimed the life of one labourer and injured several others, prompting the temporary suspension of operations in the affected section of the plant.
Comprehensive Section Breakdown for Jain Resource Recycling
Strategic Vision: Waste management and recycling of industrial and electronic waste.
• Focus on recovery of materials for manufacturing supply chains.
Jain Resource Recycling Limited reported revenue of ₹2,724.46 crore in the first quarter of FY2026‑27, a decline of 12.3% from ₹3,104.98 crore in the previous quarter. Profit before tax increased to ₹95.36 crore from ₹88.99 crore, a sequential gain of 7.2%. Net profit from continuing operations rose to ₹70.85 crore from ₹66.29 crore. Compared with the same quarter last year, revenue grew 75.9% and profit before tax increased 22.3%.
Revenue from operations stood at ₹2,724.46 crore in Q1 FY2026‑27, following three quarters of sequential growth that peaked at ₹3,104.98 crore in Q4 FY2025‑26. Year‑on‑year, revenue expanded by 75.9% from ₹1,549.25 crore in Q1 FY2025‑26.
Profit before tax (PBT) rose to ₹95.36 crore, a 7.2% improvement from ₹88.99 crore in the prior quarter. On a year‑on‑year basis, PBT grew 22.3% from ₹78.01 crore. The quarterly PBT increase occurred despite lower revenue, as certain expense items moved in a direction that supported profit.
Net profit from continuing operations was ₹70.85 crore, up 6.9% sequentially and 22.8% year‑on‑year. Basic earnings per share from continuing operations were ₹2.02, compared with ₹1.91 in Q4 FY2025‑26 and ₹1.78 a year earlier.
Key expense items for Q1 FY2026‑27 were:
Other income was ₹9.13 crore.
The fall in finance costs and the movement in other expenses contributed to the quarter‑on‑quarter rise in profit before tax.
Segment revenue from operations was ₹2,724.46 crore in Q1 FY2026‑27. In all quarters, segment revenue was nearly identical to total revenue from operations (the largest difference was ₹0.02 crore in Q2 FY2025‑26), indicating that the business essentially operates as a single reporting segment.
Segment profit before tax for the quarter was ₹109.53 crore, exceeding the company‑level profit before tax of ₹95.36 crore. The difference suggests that certain costs—such as unallocated corporate expenses or financing charges—are not fully distributed to the segment.
Jain Resource Recycling reported Q1 FY27 consolidated revenue of ~Rs. 2,725 crore, marking a 76% year-on-year increase. Management highlighted that copper and copper products contributed approximately 67% of this revenue, underscoring the success of their forward integration strategy into value-added segments.
Several strategic projects are nearing commercialization, including the Copper Cathode line scheduled for Q2 FY27 and an Ahmedabad joint venture expected to streamline operations by the same period. Although a furnace incident at Unit-II occurred in July 2026, management confirmed manufacturing has resumed and does not anticipate material financial impact.
Category: B2B Services
Collects, dismantles, and processes end-of-life electrical and electronic equipment (WEEE), recovering precious metals, base metals, and plastics.
Category: B2B Services
Provides industrial waste handling services, including safe disposal, recycling, and material recovery from manufacturing by-products.
Core Thesis: The company integrates waste processing and material recovery to support manufacturing supply chains.
• E-Waste Processing: Focuses on collecting, dismantling, and processing end-of-life electronics to recover valuable metals and plastics. • Industrial Waste Services: Offers comprehensive services for handling industrial waste, including disposal and material recovery. • Material Recovery: Recovers precious metals, base metals, and plastics from various waste streams for reuse.