Nupur Recyclers Ltd.
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ABOUT
AI Sector View
AI GENERATEDOil Gas & Consumable Fuels
Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.
PROS
- Company is almost debt free
- Latest quarter profit grew 110.0% YoY, showing strong momentum
- Company has delivered good sales growth of 59.3% CAGR over last 5 years
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- A large part of profit comes from other income (61.1% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.85x)
- Working capital days have increased from 72 to 142 days
- Free cash flow has been persistently negative
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIENT | 2894.80 | 52.64 | 391875.62 | 0.04 | -1461.54 | -249.67 | 32923.98 | 49.92 | 13.30 | 15.57 |
| PREMIERENE | 999.50 | 27.25 | 45372.45 | 0.10 | 471.92 | 53.32 | 2462.59 | 35.25 | 33.72 | 29.03 |
| CPPLUS | 3715.75 | 92.10 | 43957.48 | 0.04 | 142.20 | 332.51 | 1402.42 | 89.51 | 29.48 | 14.52 |
| AEGISLOG | 1242.80 | 34.86 | 43622.28 | 0.70 | 544.84 | 210.70 | 2356.86 | 37.07 | 19.76 | 30.28 |
| REDINGTON | 363.00 | 16.68 | 28378.41 | 1.65 | 453.49 | 94.65 | 34922.47 | 34.57 | 18.96 | 2.03 |
| HONASA | 470.45 | 61.63 | 15337.81 | 0.64 | 90.45 | 118.87 | 755.95 | 27.00 | 8.99 | 14.58 |
| LLOYDSENT | 70.95 | 96.45 | 10830.89 | 0.21 | 109.98 | -55.77 | 563.03 | 70.15 | 12.84 | 18.07 |
| SGMART | 825.65 | 83.70 | 10406.10 | 0.00 | 455.80 | 1310.71 | 13085.70 | 1044.08 | 10.43 | 4.49 |
| MMTC | 62.14 | 20.84 | 9321.00 | 0.00 | 104.24 | 135.52 | 0.68 | -50.00 | 33.46 | -1423.53 |
| ENTERO | 1799.70 | 62.46 | 7832.85 | 0.00 | 52.05 | 72.17 | 1940.50 | 38.23 | 10.93 | 5.00 |
| CELLO | 346.70 | 24.48 | 7658.08 | 0.43 | 73.40 | -8.99 | 526.72 | -0.43 | 17.15 | 18.80 |
| NRL | 122.00 | 49.12 | 842.64 | 0.00 | 7.39 | 82.64 | 79.34 | 55.61 | 20.73 | 11.55 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 18 | 44 | 74 | 44 | 34 | 40 | 30 | 30 | 28 | 32 | 43 | 32 | 39 | |
| 18 | 43 | 72 | 44 | 32 | 38 | 30 | 30 | 27 | 31 | 41 | 32 | 38 | |
| Operating Profit | 1 | 1 | 2 | 1 | 2 | 1 | 0 | 0 | 1 | 1 | 2 | 1 | 1 |
| OPM % | 3.27% | 2.27% | 2.54% | 1.26% | 6.60% | 2.83% | 1.35% | 0.47% | 1.94% | 3.22% | 5.14% | 1.85% | 3.68% |
| Other Income | 2 | 2 | 6 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 1 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 3 | 8 | 2 | 4 | 3 | 2 | 1 | 2 | 3 | 4 | 3 | 3 | |
| Tax % | 26.44% | 26.17% | 27.02% | 29.00% | 25.56% | 33.33% | 26.37% | 27.37% | 26.00% | 19.24% | 32.20% | 25.54% | 25.88% |
| Net Profit | 2 | 2 | 6 | 1 | 3 | 2 | 1 | 1 | 1 | 3 | 2 | 2 | 2 |
| 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Equity Capital | 46 | 46 | 46 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 1 | 13 | 104 | 159 | 99 | 181 | 134 | 147 | |
| 1 | 13 | 90 | 135 | 92 | 177 | 130 | 142 | |
| Operating Profit | 0 | 0 | 15 | 27 | 14 | 10 | 10 | — |
| OPM % | 2 | 3 | 14 | 17 | 14 | 6 | 7 | — |
| Other Income | 0 | 0 | 1 | 3 | 7 | 6 | 6 | 8 |
| Interest | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 13 | 26 | 13 | 14 | 10 | 13 | |
| Tax % | 29 | 27 | 25 | 27 | 30 | 27 | 28 | 26 |
| Net Profit | 0 | 0 | 10 | 19 | 9 | 11 | 7 | 9 |
| EPS | 0 | 0 | 6 | 4 | 1 | 2 | 1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 2 | 3 | 1 | 2 | 1 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 59%
- 3 Years:
- -6%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 192%
- 3 Years:
- -28%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 24%
- 1 Year:
- 73%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 57%
- 3 Years:
- 12%
- Last Year:
- 8%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - |
| Equity Capital | 0 | 0 | 0 | 23 | 46 | 69 | 69 |
| 0 | 0 | 10 | 42 | 24 | 17 | 22 | |
| 3 | 2 | 6 | 2 | 0 | 0 | 0 | |
| Trade Payables | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| 0 | 7 | 9 | 8 | 2 | 9 | 21 | |
| Total Liabilities | 3 | 9 | 25 | 75 | 73 | 95 | 112 |
| ASSETS | - | - | - | - | - | - | - |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 0 | 0 | 12 | 11 | 12 | 41 | 53 | |
| 1 | 2 | 3 | 9 | 18 | 9 | 3 | |
| 0 | 0 | 0 | 0 | 0 | 10 | 35 | |
| Cash & Bank | 0 | 0 | 0 | 32 | 2 | 1 | 1 |
| 2 | 8 | 10 | 23 | 41 | 34 | 19 | |
| Total Assets | 3 | 9 | 25 | 75 | 73 | 95 | 112 |
| Total Debt | 3 | 2 | 6 | 2 | 0 | 0 | 0 |
| Net Working Capital | 0 | 0 | -0 | 44 | 50 | 36 | 52 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 2 | 1 | 1 |
| Book Value per Share | 21.20 | 54.00 | 10059.90 | 28.17 | 15.30 | 12.09 | 13.12 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 10 | 13 | -16 | 17 | -23 | |
| Cash from Investing | 0 | -0 | -12 | -20 | -3 | -17 | 5 |
| Cash from Financing | 0 | -1 | 2 | 29 | -2 | -1 | 18 |
| 0 | -0 | 0 | 23 | -21 | -1 | 0 | |
| Free Cash Flow | 0 | 0 | 9 | 13 | -16 | 17 | -24 |
| OCF / Net Profit | 0.00 | 15.13 | 0.95 | 0.71 | -1.72 | 1.57 | -3.34 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 24 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| PER SHARE | |||||||
| EPS (₹) | 11.20 | 32.80 | 10004.90 | 8.19 | 2.04 | 1.54 | 1.02 |
| Book Value (₹) | 21.20 | 54.00 | 10059.90 | 28.17 | 15.30 | 12.09 | 13.12 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.01 | 0.01 | 0.00 | 2.73 | 1.37 | 1.54 | 1.03 |
| PROFITABILITY | |||||||
| Operating Margin % | 1.75% | 2.66% | 14.25% | 16.66% | 13.83% | 2.25% | 2.93% |
| Net Margin % | 1.23% | 0.25% | 9.63% | 11.78% | 9.45% | 5.83% | 5.24% |
| ROE % | 52.83% | 87.23% | 197.84% | 50.26% | 13.90% | 13.79% | 8.12% |
| ROCE % | 0.57% | 12.92% | 157.24% | 63.80% | 19.88% | 19.22% | 10.29% |
| 0.39% | 0.54% | 57.85% | 37.28% | 12.57% | 12.49% | 6.77% | |
| EFFICIENCY | |||||||
| Debtor Days | 289 | 53 | 15 | 12 | 32 | 22 | 61 |
| Inventory Days | 448 | 39 | 8 | 13 | 49 | 27 | 17 |
| Payable Days | 41 | 1 | 0 | 1 | 2 | 1 | 1 |
| 696 | 90 | 22 | 25 | 78 | 47 | 77 | |
| FINANCIAL HEALTH | |||||||
| Debt to Equity (x) | 128.39x | 46.21x | 0.62x | 0.03x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 0.00x | 1.15x | 10.83x | 28.71x | 42.47x | 51.80x | 125.71x |
| 1.00x | 1.00x | 0.99x | 5.39x | 20.16x | 5.38x | 25.28x | |
| GROWTH | |||||||
| Revenue Growth % | 0.00% | 1341.88% | 694.83% | 53.03% | -37.85% | 82.93% | -25.87% |
| Operating Profit Growth % | 0.00% | 2090.57% | 4152.31% | 78.93% | -48.41% | -26.25% | -1.86% |
| Net Profit Growth % | 0.00% | 192.86% | 0.00% | 87.19% | -50.11% | 12.90% | -33.45% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -24.73% | -33.45% | |
| VALUATION | |||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 59.01x | 58.46x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.50x | 4.56x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 61.62x | 41.35x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-03 - NRL: Nupur Recyclers Limited has informed the Exchange regarding the Outcome of the Board Meeting held on September 03, 2026, inter alia, regarding the appointment of an Additional Non-Executive Independent Director of the Company.
2026-09-03 - NRL: Nupur Recyclers Limited has informed the Exchange regarding the Outcome of the Board Meeting held on September 03, 2026, inter alia, regarding the Appointment of Cost Auditor and re-appointment of Internal Auditor of the Company for the Financial Year 2026 27.
2026-09-03 - Nupur Recyclers Limited has informed the Exchange regarding Appointment of Mr. Dinesh Kumar as Additional Non- Executive Independent Director of the company w.e.f. September 03, 2026.
2026-08-29 - Nupur Recyclers Limited has informed the Exchange about Transcript
2026-08-24 - Nupur Recyclers Limited has informed the Exchange about Link of Recording
2026-08-19 - Nupur Recyclers Limited has informed the Exchange about Schedule of meet
2026-08-13 - Nupur Recyclers Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - Nupur Recyclers Limited has informed the Exchange regarding a press release dated August 12, 2026, titled "Q1 FY 2026-27 EARNINGS PRESS RELEASE".
2026-08-12 - Nupur Recyclers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
News
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