Who are Jain Resource Recycling's main competitors?

Named competitors: Gravita India (GRAVITA.NS), Hindalco (HINDALCO.NS). The cockpit's measured peer set (industry) also includes Americas Gold and Silver (USA.TO), Zimplats (ZIM.AX), Xizang Zhihui Mining (2546.HK), TMC (TMC), Jinchuan Group International Resources (2362.HK), Londian Wason New Energy Tech, Inc. Unsponsored ADR (FOIL).

Is Jain Resource Recycling expensive compared with its peers?

On forward p/e it trades at 23.4× against a peer median of 12.2×, 2nd most expensive of 10 in its peer set.

How has Jain Resource Recycling stock performed?

Over six months to 6 Nov 2026 the shares returned -43.2% against -18.1% for the median peer; over one year -27.9%.

← CockpitCompetitor Analysis › JAINREC.NS Jain Resource RecyclingOpen in the cockpit ↗

Jain Resource RecyclingJAINREC.NSCompetitor analysis, valuation and peers

India · INR·Metal & Mining›Other Metals/Minerals

Recycles non-ferrous scrap metal, mainly brass and copper, into refined metal for Indian manufacturers.

≈ A niche Indian brass/copper scrap recyclerMomentum laggard 12

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.05B

US dollars, full cap

Free float

18%

of shares outstanding

$/day

$1.93M

20-day average traded

Fwd P/E

23.4×

forward earnings

ROIC−WACC

+6.3 pp

WACC 9.1%

Hurdle

n/a

no reverse DCF

Next earnings

118 days

4 Mar 2027

Close · INR₹286.50

1D+2.2%

1W+6.1%

1M-2.9%

3M-9.2%

6M-43.2%

YTD-31.0%

1Y-27.9%

ATR %3.9%

Beta0.64

52w lowhigh51.8% off high

What Jain Resource Recycling does

Recycles non-ferrous scrap metal, mainly brass and copper, into refined metal for Indian manufacturers.

In one line: A niche Indian brass/copper scrap recycler.

Products and services

Recycled brass
Recycled copper

Customers

Brass component/sanitaryware makers
Copper product manufacturers

Where it sits in the supply chain

Scrap metal collection
Recycling/refining
Sale to component makers

What could go right

Metal recycling policy push
Scrap-to-metal demand growth

What could go wrong

Scrap availability/price swings
Thin processing margins

Moat: none (scale). Recycling scale helps costs, but the business has limited pricing power over commodity scrap.

Headquarters: Jaipur, India · Employees: 1,793

Named competitors

Gravita India GRAVITA.NS
Hindalco HINDALCO.NS

Jain Resource Recycling at a glance

Size Jain Resource Recycling (JAINREC.NS) is an India Materials company (Other Metals/Minerals) with a market value of $1.05B, the 578th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹286.50 on 6 Nov 2026.

Performance Over six months the shares fell 43.2%, against -18.1% for the median peer and 0.0% for the India market (cap-weighted) — 3rd lowest of 20 in its peer set.

Growth Revenue grew 47.7% over the last twelve months (peer median +26.1%); the operating margin is 4.5% (peer median 20.5%).

Valuation It trades at 23.4× forward earnings against a peer median of 12.2× (2nd most expensive of 10).

Capital Return on invested capital runs 6.3 points above its cost of capital (9.1% WACC).

Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Jain Resource Recycling against the median of its 20 peers (local-currency closes).

Jain Resource Recycling financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹119B	₹94.1B	₹63.7B	₹44.1B	₹30.6B
Revenue growth	—	+48%	+44%	+44%	—
Gross profit	₹7.44B	₹5.09B	₹3.80B	₹2.59B	₹1.52B
EBITDA	₹5.57B	₹4.40B	₹3.15B	₹2.18B	₹1.25B
Net income	₹3.52B	₹3.49B	₹2.24B	₹1.64B	₹918M
Free cash flow	n/a	-₹7.59B	-₹779M	-₹273M	-₹240M
Capital expenditure	n/a	₹1.03B	₹390M	₹291M	₹221M
Total debt	₹11.2B	₹12.8B	₹9.28B	₹9.14B	₹7.39B

Quarterly statements and history in the cockpit →

Jain Resource Recycling competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Jain Resource Recycling is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Jain Resource Recycling is the large dot.

Jain Resource Recycling competitors and peer comparison

Head to head with its named competitors (JAINREC.NS vs GRAVITA.NS vs HINDALCO.NS)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Jain Resource Recycling JAINREC.NS	$1.05B	-43%	+48%	5%	23.4×	n/a
Gravita India GRAVITA.NS	$1.17B	-17%	+24%	8%	24.7×	n/a
Hindalco Industries HINDALCO.NS	$22.7B	-9%	+20%	11%	8.6×	n/a

How Jain Resource Recycling compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Jain Resource Recycling against its 20 peers (data as of 6 Nov 2026)
Measure	JAINREC.NS	Peer median	Rank in peer set
1-month return	-2.9%	-17.3%	6th highest of 21
6-month return	-43.2%	-18.1%	3rd lowest of 20
Distance from 52-week high	-51.8%	-39.2%	5th lowest of 21
Revenue growth (TTM)	+47.7%	+26.1%	7th highest of 16
Operating margin	4.5%	20.5%	4th lowest of 16
Forward P/E	23.4×	12.2×	2nd most expensive of 10
ROIC minus cost of capital	+6.3 pp	-4.7 pp	3rd highest of 18
Net debt / EBITDA	1.6×	0.4×	4th most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Jain Resource Recycling JAINREC.NS	India	$1.05B	-43%	+48%	5%	23.4×	n/a	n/a
Americas Gold and Silver USA.TO	Canada	$1.05B	-50%	+86%	19%	14.9×	n/a	n/a
Zimplats ZIM.AX	Australia	$1.06B	-15%	+50%	33%	n/a	-15.0%	+1.1%
Xizang Zhihui Mining 2546.HK	Hong Kong	$1.08B	+8%	+104%	28%	n/a	32.8%	+6.0%
TMC TMC	United States	$1.00B	-60%	n/a	n/a	n/a	n/a	n/a
Jinchuan Group International Resources 2362.HK	Hong Kong	$997M	+4%	+65%	22%	2.0×	-2.2%	-1.8%
Londian Wason New Energy Tech, Inc. Unsponsored ADR FOIL	United States	$1.11B	n/a	+25%	5%	13.3×	n/a	n/a
AMG Critical Materials AMG.AS	Netherlands	$988M	-41%	+12%	7%	11.9×	0.2%	+13.0%
Alphamin Resources AFM.V	Canada	$1.12B	-15%	+45%	54%	4.1×	n/a	n/a
Zhejiang Tony Electronic 603595.SS	China	$960M	+52%	+5%	-12%	n/a	n/a	n/a
Uranium Royalty UROY	United States	$1.16B	-24%	+1,570%	27%	n/a	17.4%	+161.8%
Jiangxi Jiangnan New Material Technology 603124.SS	China	$1.16B	-37%	+19%	3%	18.6×	n/a	n/a
Collective Mining CNL.TO	Canada	$1.17B	-22%	n/a	n/a	n/a	n/a	n/a
Gravita India GRAVITA.NS	India	$1.17B	-17%	+24%	8%	24.7×	n/a	n/a
Metals X MLX.AX	Australia	$934M	-11%	+26%	53%	7.2×	-10.3%	+31.2%
Eramet ERA.PA	France	$1.19B	-38%	0%	-1%	n/a	n/a	n/a
Solaris Resources SLS.TO	Canada	$1.19B	-28%	n/a	n/a	n/a	n/a	n/a
Sandur Manganese & Iron Ores SANDUMA.NS	India	$914M	-18%	+21%	20%	n/a	13.8%	+46.8%
Osisko Metals OM.TO	Canada	$911M	-16%	n/a	n/a	n/a	n/a	n/a
Amerigo Resources ARG.TO	Canada	$910M	+24%	+54%	41%	12.2×	3.8%	+13.4%
Faraday Copper FDY.TO	Canada	$1.21B	-18%	n/a	n/a	n/a	n/a	n/a

Questions

Who are Jain Resource Recycling's main competitors?: Named competitors: Gravita India (GRAVITA.NS), Hindalco (HINDALCO.NS). The cockpit's measured peer set (industry) also includes Americas Gold and Silver (USA.TO), Zimplats (ZIM.AX), Xizang Zhihui Mining (2546.HK), TMC (TMC), Jinchuan Group International Resources (2362.HK), Londian Wason New Energy Tech, Inc. Unsponsored ADR (FOIL).
Is Jain Resource Recycling expensive compared with its peers?: On forward p/e it trades at 23.4× against a peer median of 12.2×, 2nd most expensive of 10 in its peer set.
How has Jain Resource Recycling stock performed?: Over six months to 6 Nov 2026 the shares returned -43.2% against -18.1% for the median peer; over one year -27.9%.