LRRPL
Lead Reclaim and Rubber Products financials
- Market cap
- ₹80 Cr
- Sector
- Capital Goods
- Calls analysed
- 1
LRRPL H2 and FY'26
What went well
- FY26 Revenue of ₹39.82 crores, up 28% YoY, demonstrating strong growth.
- FY26 EBITDA of ₹8.52 crores, growing 130%, with EBITDA margins improving to 22% (from 11-12% previously), driven by automation, efficient power control, and solar power initiatives.
- FY26 PAT increased by over 180% to ₹4.09 crores, leading to a 150% EPS expansion.
What to watch
- H2 FY26 revenue declined by 18% compared to H1 FY26 due to geographical effects and reduced exports.
- Operationalization of TPO plant is dependent on government compliances, potentially delaying its December 2026 target.
What Lead Reclaim and Rubber Products Ltd does
Lead Reclaim and Rubber Products Ltd recycles scrap rubber, waste tyres and used tubes into reclaimed rubber sheets, rubber crumb/granules and rubber powder at its manufacturing facility in Pithai, Kheda (Gujarat), selling to automotive manufacturers, distributors and dealers. It is diversifying into higher-value recycled-rubber verticals — Tyre Pyrolysis Oil (TPO), Recovered Carbon Black (RCB) and EPDM rubber — through new plants at Mundra and Chhatral in Gujarat. The company also operates within the Extended Producer Responsibility (EPR) ecosystem for tyre recycling, generating EPR credits as an authorised recycler for tyre makers such as CEAT, JK Tyres and TVS.
Segments
- Reclaimed Rubber
- Rubber Crumb / Powder
- Tyre Pyrolysis Oil (TPO)
- Recovered Carbon Black (RCB)
- EPDM Rubber (Recycled)
- Manufacturing facilities
- 3 (Pithai/Kheda – existing reclaim rubber plant; Mundra – TPO & RCB; Chhatral – EPDM)
- Installed capacity (post-expansion)
- 4,200 MT/month across all verticals, up from 960 MT/month
- Capacity utilization (existing plant)
- 44.81%
- Export presence
- 12 countries incl. USA, UK, Turkey, China, Australia, Sri Lanka, South Africa, Sweden, Thailand, Philippines, Bangladesh, Argentina
- Product ranges
- 100+
- Land area (Kheda facility)
- 8,093.71 sq. meters
Guidance record · Q4 FY26
what the last two calls moved 8 tracked 0 delivered 0 missed 8 open- Installation Capacity open said Q4 FY26 Promised: Increase from 960 to 2400 metric tons per month Q4 FY26: Announced plan to expand installation capacity from 960 to 2400 metric tons per month post-expansion, funded by a recent preferential issue.
All 8 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 83.8%, net profit up 1247.8% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 4 | 5 | 10 | 9 +87% | 22 +471% | 22 +336% | 18 +84% |
| EBITDA | 1 | 0 | 1 | 1 | 1 +99% | 2 +425% | 3 +378% | 6 +438% |
| Net profit | 0 | 0 | 0 | 0 | 0 +11% | 1 +185% | 1 +607% | 3 +1248% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +17.2% 1Y
1Y: ₹79.35 on 10 Sept 2025 → ₹93. High ₹95.5 (21 May 2026), low ₹60.3 (9 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- +1.2%
- 18 May
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity capital | ₹7 Cr | ₹9 Cr | ₹9 Cr |
| Reserves | ₹4 Cr | ₹0 Cr | ₹16 Cr |
| Borrowings | ₹4 Cr | ₹9 Cr | ₹13 Cr |
| Other liabilities | ₹4 Cr | ₹19 Cr | ₹4 Cr |
| Total liabilities | ₹19 Cr | ₹36 Cr | ₹41 Cr |
| Fixed assets | ₹6 Cr | ₹12 Cr | ₹14 Cr |
| Capital work in progress | ₹1 Cr | ₹4 Cr | ₹6 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹13 Cr | ₹20 Cr | ₹20 Cr |
| Total assets | ₹19 Cr | ₹36 Cr | ₹41 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jul 2026
Since Mar 2025, promoters trimmed −6.24 pp while the public added +6.24 pp. The shareholder count grew 7% to 548.
- Promoters
- 53.2%
- Public
- 46.8%
Since Mar 2025
- Promoters −6.24 pp
- Public +6.24 pp
How it drifted, 9 quarters
Over this window promoters fell from 63.6% to 53.2% — −10.3 pp.
Ownership split by quarter, oldest first. Mar '23: Promoters 63.6%, Public 36.4%.Sep '23: Promoters 63.7%, Public 36.3%.Mar '24: Promoters 63.7%, Public 36.3%.Sep '24: Promoters 63.7%, Public 36.3%.Dec '24: Promoters 59.5%, Public 40.5%.Mar '25: Promoters 59.5%, Public 40.5%.Sep '25: Promoters 59.5%, Public 40.5%.Mar '26: Promoters 59.5%, Public 40.5%.Jul '26: Promoters 53.2%, Public 46.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Jalan Chemical Industries Private Limited Corporate newly disclosed 4.10% held
- Rikeen Pradip Dalal newly disclosed 1.31% held
- Premal Shukla newly disclosed 1.04% held
- Kaushik Joshi newly disclosed 1.02% held
- Firm newly disclosed 0.68% held
- Llp newly disclosed 0.34% held
The same filing shows 10 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jul 2026 filing
Every holder of Lead Reclaim and Rubber Products Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Jayeshkumar Baldevbhai Patel | 17.62% | −1.86 pp |
| Baldevbhai Hargovandas Patel | 15.94% | −1.89 pp |
| Patel Sadhana Jayeshkumar | 9.05% | −1.14 pp |
| Kalpeshkumar Patel | 7.12% | −0.90 pp |
| Jalan Chemical Industries Private Limited Corporate | 4.10% | newly disclosed |
| Ankita Patel | 1.78% | −0.23 pp |
| Ashish Chugh | 1.40% | −0.18 pp |
| Ritaben Mahesh Patel | 1.36% | −0.17 pp |
| Rikeen Pradip Dalal | 1.31% | newly disclosed |
| Patel Mahesh Kantilal Huf | 1.29% | −0.17 pp |
| Mahendra Girdharilal Wadhwani | 1.09% | −0.14 pp |
| Premal Shukla | 1.04% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Lead Reclaim and Rubber Products Ltd
Guides on how to read this kind of business and the numbers that matter.