# JAINREC (JAINREC) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/jainrec

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹276.6
- Change: +0.93%
- As of: 2026-09-18
- 1D return: +0.80%
- 5D return: -5.22%
- 1M return: -7.84%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, JAINREC is trading below key moving averages on the daily and weekly charts, indicating a bearish technical stance in the short to medium term. However, the monthly timeframe shows the price above its Supertrend indicator, suggesting a potential underlying bullish trend on the longer term. This divergence between timeframes indicates a period of consolidation or pullback within a potentially larger uptrend.

The stock is currently trading near its nearest support level of ₹274.37, which is approximately 0.68% below the current price. Overhead resistance is observed around ₹276.93, just above the current price, followed by ₹279.82. The stock has experienced a downward gap on September 9, 2026, and a high-volume upward price move on September 8, 2026. Recent patterns include an active Doji on the monthly chart and a Bearish Engulfing Reversal on the weekly chart as of September 18, 2026.

Risk is characterized by an annualized volatility of 53% and a current drawdown of -52%. The Average True Range (ATR) at 3.86% suggests potential for price swings. Key watch conditions include monitoring the price action around the ₹274.37 support level and the ₹276.93 resistance. A sustained move below support could signal further downside, while a break above resistance might indicate a shift in short-term momentum.

- Current price as of September 18, 2026: ₹276.25
- Nearest support level: ₹274.37 (approx. 0.68% below current price)
- Nearest resistance level: ₹276.93 (approx. 0.25% above current price)
- Daily and weekly timeframes show price below key moving averages and Supertrend (bearish)
- Monthly timeframe shows price above Supertrend (bullish)
- Annualized volatility is 53% and current drawdown is -52%

- Doji
- Bearish Engulfing Reversal
- Inside Bar
- Harami
- Bullish Engulfing Reversal

### News Context

Jain Resource Recycling Limited saw a significant credit rating upgrade from CRISIL Ratings Limited on August 28, 2026. The rating for long-term bank facilities moved from 'CRISIL A+/Watch Developing' to 'CRISIL AA-/Stable'. This upgrade was attributed to the restoration of operations at the company's Unit-II facility in Gummidipoondi and the receipt of necessary approvals. CRISIL noted minimal operational disruption and negligible financial impact from a prior incident.

In parallel, the company held its 5th Annual General Meeting on August 27, 2026. Shareholders approved all three resolutions presented, including 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.

Earlier, on August 25, 2026, the company's Borrowing and Investment Committee approved the conversion of a loan of AED 17,064,000 (approximately ₹44.50 Crores) advanced to its subsidiary, Jain Ikon Global Ventures FZC, into equity. This transaction increases Jain Resource Recycling's shareholding in the subsidiary from 70% to 99.74% without any fresh cash outflow. The conversion is intended to consolidate the investment in the subsidiary to facilitate a future divestment of the entire stake, expected within two months, subject to regulatory approvals.

- On August 28, 2026, CRISIL Ratings upgraded Jain Resource Recycling's long-term bank facilities rating to 'CRISIL AA-/Stable' from 'CRISIL A+/Watch Developing', citing restored operations and approvals.
- The company's 5th Annual General Meeting on August 27, 2026, saw all resolutions passed, including the adoption of FY26 audited financials and the reappointment of Mr. Kamlesh Jain as director.
- On August 25, 2026, Jain Resource Recycling approved converting a loan of approximately ₹44.50 Crores into equity in its subsidiary, Jain Ikon Global Ventures FZC.
- This conversion will raise the company's stake in Jain Ikon Global Ventures FZC from 70% to 99.74%, aimed at facilitating a future divestment.
- The company's share price was ₹276.25 as of September 18, 2026, with a daily trend indicating a bearish Supertrend direction.

- Jain Resource Recycling Limited has informed the Exchange about the revision in Credit Rating by CRISIL Ratings Limited |SUBJECT: Credit Rating- Revision
- Jain Resource Recycling Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 27, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- Jain Resource Recycling Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 27, 2026 |SUBJECT: Shareholders meeting
- Jain Resource Recycling Limited has informed the Exchange about Acquisition of Equity shares of Jain Ikon Global Ventures FZC, Subsidiary of the Company pursuant to Loan Conversion Agreement |SUBJECT: General Updates
- Jain Resource Recycling Limited has informed the Exchange about execution of Loan Conversion agreement with Jain Ikon Global Ventures FZC, Subsidiary of the Company |SUBJECT: Agreements

### What Changed

As of September 18, 2026, Jain Resource Recycling (JAINREC) on the NSE has seen a slight increase in its stock price, moving from ₹274.05 to ₹276.25. This change occurred between the previous observation date and the current report date of September 18, 2026. No new filings or news developments were reported for the company during this period. The company's profile and exchange listing remain unchanged.

- Stock price increased from ₹274.05 to ₹276.25 as of September 18, 2026.
- No new filings were reported for JAINREC up to September 18, 2026.
- No new news developments were reported for JAINREC up to September 18, 2026.
- The company continues to be listed on the NSE.

### Official Filings

Jain Resource Recycling Limited has seen a significant credit rating upgrade by CRISIL Ratings Limited. The long-term bank facilities rating moved from 'CRISIL A+/Watch Developing' to 'CRISIL AA-/Stable' on August 27, 2026. This upgrade follows 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.

In a separate development, the company's Borrowing and Investment Committee, on August 25, 2026, approved the conversion of a loan of AED 17,064,000 (approximately ₹44.50 Crores) advanced to its subsidiary, Jain Ikon Global Ventures FZC, into equity. This non-cash transaction increases Jain Resource Recycling Limited's shareholding in Jain Ikon from 70% to 99.74%. The stated intention is to consolidate the investment in the subsidiary, which has ceased operations and has a negative net worth, to facilitate a future divestment of the entire stake. This conversion is expected to be completed within two months, subject to regulatory approvals in India and the UAE.

Additionally, the company held its 5th Annual General Meeting on August 27, 2026, where all three 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. The company also reported changes in its board of directors, with the resignation of Ms Revathi Raghunathan as Independent Director effective August 19, 2026, and the appointment of Mr Prakash Kumar Behera as Independent Director effective August 22, 2026.

- CRISIL Ratings upgraded Jain Resource Recycling Limited's long-term bank facilities rating to 'CRISIL AA-/Stable' from 'CRISIL A+/Watch Developing' on August 27, 2026.
- The company converted a loan of approximately ₹44.50 Crores to its subsidiary, Jain Ikon Global Ventures FZC, into equity on August 25, 2026, increasing its stake from 70% to 99.74%.
- This equity conversion is intended to facilitate the divestment of the subsidiary's stake, which has ceased operations and has a negative net worth.
- All resolutions, including the adoption of FY26 audited financials and director reappointment, were passed at the Annual General Meeting held on August 27, 2026.
- Ms Revathi Raghunathan resigned as Independent Director on August 19, 2026, and Mr Prakash Kumar Behera was appointed as Independent Director on August 22, 2026.

- Jain Resource Recycling Limited has informed the Exchange about the revision in Credit Rating by CRISIL Ratings Limited |SUBJECT: Credit Rating- Revision
- Jain Resource Recycling Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 27, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- Jain Resource Recycling Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 27, 2026 |SUBJECT: Shareholders meeting
- Jain Resource Recycling Limited has informed the Exchange about Acquisition of Equity shares of Jain Ikon Global Ventures FZC, Subsidiary of the Company pursuant to Loan Conversion Agreement |SUBJECT: General Updates
- Jain Resource Recycling Limited has informed the Exchange about execution of Loan Conversion agreement with Jain Ikon Global Ventures FZC, Subsidiary of the Company |SUBJECT: Agreements
- JAIN RESOURCE RECYCLING LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL
- JAIN RESOURCE RECYCLING LIMITED has informed the Exchange about Agreements (Sub-para 5-Para B) |SUBJECT: Agreements (Sub-para 5-Para B)
- Jain Resource Recycling Limited has informed the Exchange regarding Resignation of Ms Revathi Raghunathan as Independent Director of the company w.e.f. August 19, 2026. |SUBJECT: Resignation
- Jain Resource Recycling Limited has informed the Exchange regarding Appointment of Mr Prakash Kumar Behera as Independent Director of the company w.e.f. August 22, 2026. |SUBJECT: Appointment

### Fundamentals

Jain Resource Recycling reported revenue from operations of ₹2,724.46 crore in Q1 FY2026-27. This follows revenues of ₹2,775.17 crore in Q3 FY2025-26 and ₹3,104.98 crore in Q4 FY2025-26. The company reported a Profit Before Tax of ₹95.36 crore in Q1 FY2026-27, a decrease from ₹174.40 crore in Q3 FY2025-26 and ₹88.99 crore in Q4 FY2025-26. Finance costs decreased to ₹18.92 crore in Q1 FY2026-27 from ₹25.78 crore in Q3 FY2025-26 and ₹26.23 crore in Q4 FY2025-26. Other expenses varied, standing at ₹49.55 crore in Q1 FY2026-27, compared to ₹70.74 crore in Q3 FY2025-26 and ₹23.88 crore in Q4 FY2025-26. Basic Earnings Loss Per Share from Continuing Operations was ₹2.02 per share in Q1 FY2026-27, down from ₹3.75 per share in Q3 FY2025-26 and ₹1.91 per share in Q4 FY2025-26.

Key monitoring areas include the fluctuation in revenue and the subsequent impact on profitability. Investors may wish to observe the trend in Other Expenses, which showed significant variation across the reported quarters, and its effect on Profit Before Tax. The trajectory of Finance Costs, while showing a recent decrease, also warrants attention in relation to the company's overall financial structure.

- Revenue From Operations for Q1 FY2026-27 was ₹2,724.46 crore.
- Profit Before Tax in Q1 FY2026-27 was ₹95.36 crore.
- Finance Costs in Q1 FY2026-27 were ₹18.92 crore.
- Other Expenses in Q1 FY2026-27 were ₹49.55 crore.
- Basic Earnings Loss Per Share From Continuing Operations for Q1 FY2026-27 was ₹2.02 per share.

### Bull Case

The company's operating performance shows a constructive signal on a monthly basis, as indicated by a bullish SuperTrend indicator. However, daily and weekly technical trends are currently bearish, with the SuperTrend indicator in a bearish direction on both timeframes. The stock is trading below its 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), with negative slopes observed across these indicators on a daily basis, suggesting short-term weakness. The stock is also trading below its 200-day SMA. Recent period returns, including 1-month, 3-month, 6-month, and year-to-date, are negative, indicating a recent downward trend. The company is experiencing a significant drawdown of -52%, which is also its maximum drawdown.

- Monthly SuperTrend indicator is bullish as of 2026-09-18.
- Daily and weekly SuperTrend indicators are bearish as of 2026-09-18.
- The stock is trading below its 20-day EMA (286.38 ₹) and 50-day EMA (307.71 ₹) as of 2026-09-18.
- Year-to-date return is -32% as of 2026-09-18.
- Current drawdown is -52% as of 2026-09-18.

### Bear Case

The company's stock is exhibiting several cautionary technical signals. On a daily timeframe, the Super Trend indicator is bearish, and the 20-day and 50-day Simple Moving Averages (SMAs) show negative slopes of -4.78 and -7.29 respectively over the past five periods. Similarly, the weekly trend analysis also indicates a bearish Super Trend, with the 20-day and 50-day EMAs displaying significant downward slopes of -32.45 and -37.91 over the last five periods. The stock has experienced a substantial drawdown of -52%, with its current drawdown matching the maximum drawdown observed. Furthermore, the stock's year-to-date return stands at -32%, and its 6-month return is -37%, indicating a significant decline over these periods.

- The daily Super Trend indicator is currently bearish as of 2026-09-18.
- The 20-day and 50-day SMAs have negative slopes of -4.78 and -7.29 over the last 5 periods, respectively.
- The stock has experienced a maximum drawdown of -52% as of 2026-09-18.
- The year-to-date return for the stock is -32% as of 2026-09-18.

### FAQs

**What is the recent development regarding Jain Resource Recycling's credit rating?**

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.

**How has the company's shareholding in its subsidiary, Jain Ikon Global Ventures FZC, changed?**

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.

**What were the key outcomes of the Annual General Meeting held on August 27, 2026?**

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.

**What is the current technical trend for Jain Resource Recycling based on daily and weekly indicators?**

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.

- Jain Resource Recycling Limited has informed the Exchange about the revision in Credit Rating by CRISIL Ratings Limited |SUBJECT: Credit Rating- Revision
- Jain Resource Recycling Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 27, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- Jain Resource Recycling Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 27, 2026 |SUBJECT: Shareholders meeting
- Jain Resource Recycling Limited has informed the Exchange about Acquisition of Equity shares of Jain Ikon Global Ventures FZC, Subsidiary of the Company pursuant to Loan Conversion Agreement |SUBJECT: General Updates
- Jain Resource Recycling Limited has informed the Exchange about execution of Loan Conversion agreement with Jain Ikon Global Ventures FZC, Subsidiary of the Company |SUBJECT: Agreements
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹274.37
- Risk regime: Higher Price Risk

### Support levels
- 272.55
- 276.9333333333332
- 271.48333333333323

### Resistance levels
- 293.7
- 307.25
- 347.975

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.80% |
| return_10 | -1.27% |
| return_1m | -6.74% |
| return_20 | -7.84% |
| return_3m | -25.57% |
| return_5 | -5.22% |
| return_6m | -37.07% |
| return_since_start | -13.15% |
| return_ytd | -31.86% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -52.05% |
| annualized_volatility | +52.94% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Declines 12% from Prior Quarter but Profit Before Tax Rises 7%; Year-Over-Year Revenue Jumps 76%

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 and Profit Trends

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.

## Expense Composition

Key expense items for Q1 FY2026‑27 were:

- Cost of materials consumed: ₹2,498.64 crore
- Employee benefit expense: ₹10.64 crore
- Finance costs: ₹18.92 crore (down from ₹26.23 crore in Q4 FY2025‑26)
- Depreciation and amortisation: ₹4.38 crore
- Other expenses: ₹49.55 crore (up from ₹23.88 crore in Q4 FY2025‑26)

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 and Profit

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.

## Earnings Per Share and Implied Share Count

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.

## Management Commentary

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_18092026201513_NSEBSECG.pdf)
- 2026-09-18 — Generic Announcement: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_25795_WebXMLFile_20260918_203338275.xml)
- 2026-08-28 — Credit Rating Update: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_28082026171946_CreditRatingRev.pdf)
- 2026-08-28 — Generic Announcement: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_28082026183347_VRScruNSEBSE.pdf)
- 2026-08-27 — Generic Announcement: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_27082026205229_AGM_ProceedingsNSEBSE.pdf)
- 2026-08-26 — Generic Announcement: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_26082026120510_Conv_of_Loan_Intimation__1_.pdf)
- 2026-08-26 — Generic Announcement: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_26082026120658_SE_-_Agreement_Execution__1_.pdf)
- 2026-08-26 — Generic Announcement: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_25795_WebXMLFile_20260826_150246817.xml)
- 2026-08-26 — Generic Announcement: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_25795_WebXMLFile_20260826_150318165.xml)
- 2026-08-26 — Generic Announcement: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_25795_WebXMLFile_20260826_175504271.xml)
- 2026-08-22 — Management Change: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_22082026121921_CLNSEBSE.pdf)
- 2026-08-22 — Management Change: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_22082026122340_CLNSEBSE.pdf)
- 2026-08-22 — Generic Announcement: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_22082026122556_CLNSEBSE.pdf)
- 2026-08-22 — Management Change: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_22082026121222_CLNSEBSE.pdf)
- 2026-08-22 — Management Change: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_22082026122054_CLNSEBSE.pdf)
- 2026-08-22 — Management Change: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINREC_ROID_96923_KMP_Doc.zip)
- 2026-08-22 — Management Change: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINREC_ROID_96926_KMP_Doc.zip)
- 2026-08-22 — Generic Announcement: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_25795_WebXMLFile_20260822_131904304.xml)
- 2026-08-12 — Generic Announcement: Jain Resource Recycling Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_12082026165249_InvestorCall.pdf)
- 2026-08-08 — Official Filing: Jain Resource Recycling Limited held an earnings call on August 4, 2026, to discuss Q1 FY'27 results. The company reported consolidated revenue of approximately Rs. 2,725 crores, a 76% year-on-year increase, with EBITDA at Rs. 110 crores (up 22%) and PAT at Rs. 69 crores (up 23%). Copper and copper products constituted 67% of revenue. The company also provided an update on a furnace accident at its Unit-2 facility on July 14, 2026, which resulted in one fatality and injuries; operations resumed on July 27, 2026, and an insurance claim is being settled.
- 2026-08-07 — Generic Announcement: Jain Resource Recycling Limited reported no deviation or variation in the utilization of funds raised through its Initial Public Offering for the quarter ended June 30, 2026. The company rectified an inadvertent disclosure error regarding issue expenses, adjusting the allocation for General Corporate Purposes from Rs. 591.08 Million to Rs. 986.43 Million and increasing Net Proceeds from Rs. 4,341.08 Million to Rs. 4,736.43 Million, based on a legal opinion and board resolution. — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_07082026143642__StofDeviationVariation_Q1_sd.pdf)
- 2026-08-07 — Generic Announcement: Jain Resource Recycling Limited will hold its 5th Annual General Meeting on August 27, 2026, at 11:00 AM IST via Video Conferencing. The company has completed the dispatch of the AGM Notice and the Integrated Annual Report for FY 2025-2026. Shareholders can participate and vote remotely through e-voting, which commences on August 24, 2026, and ends on August 26, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_07082026095419_ADVNSEBE.pdf)
- 2026-08-06 — Generic Announcement: Jain Resource Recycling Limited's Monitoring Agency Report for the quarter ended June 30, 2026, issued by CRISIL Ratings Limited, confirms no deviation in the utilization of IPO proceeds from the prospectus objectives. The report notes a prior deviation in the December 2025 quarter where Rs 54.00 crore was used for General Corporate Purposes to repay a promoter loan, which was subsequently ratified by shareholders in April 2026. The company's IPO raised Rs 5,000.00 million, with Rs 263.57 million allocated for issue expenses and the remainder for general corporate purposes and loan pre-payment. — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_06082026175431_MA_Report_Intimation.pdf)
- 2026-08-06 — Generic Announcement: Jain Resource Recycling Limited's Monitoring Agency Report for the quarter ended June 30, 2026, issued by CRISIL Ratings Limited, confirms no deviation in the utilization of IPO proceeds from the prospectus objectives. The report notes a prior deviation in the December 2025 quarter where Rs 54.00 crore was used for General Corporate Purposes to repay a promoter loan, which was subsequently ratified by shareholders in April 2026. The company's IPO raised Rs 5,000.00 million, with Rs 263.57 million allocated for issue expenses and the remainder for general corporate purposes and loan pre-payment. — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_06082026174710_MA_Report_Intimation.pdf)
- 2026-08-06 — Generic Announcement: Jain Resource Recycling Limited will hold its 5th Annual General Meeting on August 27, 2026, via Video Conference. Key agenda items include adopting financial statements for the year ended March 31, 2026, reappointing director Mr. Kamlesh Jain, and ratifying the remuneration of Mr. B Venkateswar as Cost Auditor for FY 2027 at ₹35,000 plus applicable taxes and expenses. — [Official attachment](https://nsearchives.nseindia.com/corporate/JAINMETAL_06082026104113_NSEBSENOT.pdf)

## News and market events

- 2026-09-08 — MONEYCONTROL: **Buy Jain Resource Recycling; target of Rs 350: ICICI Securities** — ICICI Securities, Jain Resource Recycling, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-jain-resource-recycling-target-of-rs-350-icici-securities-14025093.html)
- 2026-08-04 — CNBC-TV18: **Do you own any of these 8 stocks buzzing in trade today?** — Stock on the Nifty 500 rallied on strong quarterly numbers while others slipped despite largely resilient results. Here's a look at the top gainers and losers making waves at the open of today's session. — [Source](https://www.cnbctv18.com/photos/market/nifty-500-gainers-losers-ather-energy-kei-industries-cg-power-lic-upl-doms-shares-19961048.htm)
- 2026-07-25 — Mint: **Ashish Kacholia raises stake in this multibagger stock after 200% rally. Do you own?** — Indo SMC manufactures electrical enclosures and components, reporting a 136% YoY revenue increase to  ₹88.12 crore in Q1 FY27. Ashish Kacholia, a notable smallcap investor, raised his stake in the company from 2.46% to 3.03% despite its strong stock performance. — [Source](https://www.livemint.com/market/stock-market-news/ashish-kacholia-q1-portfolio-ashish-kacholia-raises-stake-in-multibagger-stock-indo-smc-share-price-after-200-rally-11784966114949.html)
- 2026-07-18 — Economic Times: **Samir Arora-backed Helios Mid Cap Fund adds Groww, 4 other stocks; hikes stake Paytm** — Samir Arora-backed Helios Mid Cap Fund added Groww parent Billionbrains Garage Ventures and four other stocks to its June portfolio, while raising exposure to Paytm and 29 other companies. The fund exited five stocks, trimmed its stake in Black Box and retained holdings in 32 stocks unchanged. — [Source](https://economictimes.indiatimes.com/mf/analysis/helios-mid-cap-fund-adds-groww-and-4-others-increase-stake-in-paytm-and-29-others-in-june/articleshow/132474427.cms)
- 2026-07-15 — The Hindu: **Sensex today | Stock Market Live: Sensex jumps nearly 550 points, Nifty tops 24,200 as earnings lift sentiment** — Sensex, Nifty, Share Prices LIVE:  Indian benchmark indices trade higher on Wednesday, tracking positive global cues as investors shifted focus to the earnings season. Easing oil prices, optimism over the India-UK trade pact and encouraging early corporate results further supported market sentiment. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-15-july-2026/article71220956.ece)
- 2026-07-14 — CNBC-TV18: **Stocks to Watch for July 15: Tata Elxsi, L&T Tech, Anand Rathi and more** — From Tata Elxsi and Anand Rathi reporting its Q1 results to Jain Resource Recycling reporting a furnace explosion at its manufacturing facility in Tamil Nadu, here are stocks to track ahead of Wednesday trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-july-15-tata-elxsi-lt-tech-anand-rathi-and-more-19945316.htm)
- 2026-07-14 — CNBC-TV18: **Jain Resource Recycling reports furnace explosion at Tamil Nadu plant; one dead** — 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. — [Source](https://www.cnbctv18.com/business/companies/jain-resource-recycling-reports-furnace-explosion-at-tamil-nadu-plant-one-dead-19945274.htm)

## Business profile

**Strategic vision:** Waste management and recycling of industrial and electronic waste.

### Business segments
- **E-Waste Recycling:** Collects, dismantles, and processes end-of-life electrical and electronic equipment (WEEE), recovering precious metals, base metals, and plastics.
- **Industrial Waste Management:** Provides industrial waste handling services, including safe disposal, recycling, and material recovery from manufacturing by-products.

### Competitive strengths
- Focus on recovery of materials for manufacturing supply chains.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/jainrec
Markdown representation: https://faxioms.com/stocks/jainrec?render=md