NRL
Nupur Recyclers financials
- Market cap
- ₹863 Cr
- Sector
- Metals & Mining
- Calls analysed
- 1
Nupur Recyclers Limited Q1 FY27
What went well
- Consolidated Revenue for Q1 FY27 stood at ₹83.03 crores, a 56.6% YoY growth from ₹53.03 crores in Q1 FY26.
- EBITDA for Q1 FY27 was ₹12.86 crores, a 111% YoY increase from ₹6.08 crores in Q1 FY26.
- EBITDA margin expanded to 15.48% in Q1 FY27, up from 11.46% in Q1 FY26.
What to watch
- Inventory days increased due to shipping times from Europe (45-60 days) and recent geopolitical events (war), leading to higher inventory costs and risks.
- The metal scrap market is inherently volatile, leading to potential fluctuations in margins, though management expects them to remain within 10-25%.
What Nupur Recyclers Limited does
Nupur Recyclers Limited processes and recycles metal scrap, and imports non-ferrous scrap such as shredded zinc scrap, zinc die-cast scrap, zurik scrap and aluminium zorba grades, which it trades and manufactures into finished metal products. The company holds a 51% stake in Tycod Autotech Private Limited, which became its subsidiary effective September 1, 2025 and is engaged in manufacturing auto components.
Segments
- Metal scrap processing & recycling
- Auto components manufacturing
- Stake in auto-components subsidiary (Tycod Autotech Pvt Ltd)
- 51% (subsidiary effective Sep 1, 2025)
- Non-ferrous scrap grades handled
- 4 (shredded zinc scrap, zinc die-cast scrap, zurik scrap, aluminium zorba)
Guidance record · Q1 FY27
what the last two calls moved 7 tracked 0 delivered 0 missed 7 open- LFP Plant Commissioning Timeline open said Q1 FY27 Promised: Operational in next 2 to 3 months Q1 FY27: The new LFP battery recycling plant in Sampla is expected to become operational over the next 2 to 3 months.
All 7 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 55.6%, net profit up 82.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 51 | 34 | 37 | 51 | 49 −5% | 59 +72% | 57 +54% | 79 +56% |
| EBITDA | 6 | 3 | 2 | 4 | 3 −42% | 6 +104% | 4 +84% | 9 +127% |
| Net profit | 5 | 3 | 2 | 4 | 4 −20% | 5 +37% | 3 +45% | 7 +82% |
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 +89.4% 1Y
1Y: ₹70.26 on 10 Sept 2025 → ₹133.06. High ₹134.84 (10 Sept 2026), low ₹46.75 (30 Mar 2026).
Financials, as filed
Revenue fell 5.2% a year over 2 years, FY24 to FY26. Operating margin widened to 7.9%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹240 Cr | ₹158 Cr | ₹216 Cr |
| Operating profit | ₹7 Cr | ₹16 Cr | ₹17 Cr |
| Operating margin | 2.9% | 9.9% | 7.9% |
| Interest | ₹0 Cr | ₹2 Cr | ₹2 Cr |
| Depreciation | ₹0 Cr | ₹2 Cr | ₹4 Cr |
| Net profit | ₹9 Cr | ₹16 Cr | ₹16 Cr |
| Net margin | 3.6% | 10.3% | 7.6% |
| Cash from operations | ₹-11 Cr | ₹-19 Cr | ₹18 Cr |
| Free cash flow | ₹-12 Cr | ₹-23 Cr | ₹12 Cr |
| ROCE | 14.0% | 19.0% | 15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹46 Cr | ₹69 Cr | ₹69 Cr | ₹69 Cr |
| Reserves | ₹27 Cr | ₹17 Cr | ₹59 Cr | ₹65 Cr |
| Borrowings | ₹0 Cr | ₹13 Cr | ₹15 Cr | ₹33 Cr |
| Other liabilities | ₹16 Cr | ₹16 Cr | ₹24 Cr | ₹30 Cr |
| Total liabilities | ₹90 Cr | ₹115 Cr | ₹167 Cr | ₹198 Cr |
| Fixed assets | ₹0 Cr | ₹12 Cr | ₹39 Cr | ₹44 Cr |
| Capital work in progress | ₹0 Cr | ₹3 Cr | ₹3 Cr | ₹6 Cr |
| Investments | ₹7 Cr | ₹13 Cr | ₹8 Cr | ₹0 Cr |
| Other assets | ₹83 Cr | ₹86 Cr | ₹117 Cr | ₹148 Cr |
| Total assets | ₹90 Cr | ₹115 Cr | ₹167 Cr | ₹198 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 Jun 2026
Since Jun 2025, the public trimmed −1.15 pp while promoters added +0.81 pp. The shareholder count shrank 12% to 19,074.
- Promoters
- 73.6%
- FIIs
- 0.4%
- Public
- 26.0%
Since Jun 2025
- Public −1.15 pp
- Promoters +0.81 pp
- FIIs +0.34 pp
How it drifted, 12 quarters
Over this window the public fell from 27.5% to 26.0% — −1.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 72.5%, Public 27.5%.Dec '23: Promoters 72.5%, DIIs 0.2%, Public 27.3%.Mar '24: Promoters 72.5%, DIIs 0.3%, Public 27.2%.Jun '24: Promoters 72.5%, DIIs 0.3%, Public 27.2%.Sep '24: Promoters 72.5%, FIIs 0.0%, DIIs 0.3%, Public 27.2%.Dec '24: Promoters 72.5%, FIIs 0.0%, DIIs 0.3%, Public 27.2%.Mar '25: Promoters 72.5%, FIIs 0.0%, Public 27.4%.Jun '25: Promoters 72.8%, FIIs 0.1%, Public 27.1%.Sep '25: Promoters 73.0%, FIIs 0.1%, Public 26.9%.Dec '25: Promoters 73.0%, FIIs 0.1%, Public 26.9%.Mar '26: Promoters 73.1%, Public 26.9%.Jun '26: Promoters 73.6%, FIIs 0.4%, Public 26.0%.
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.
- Nupur Gupta +0.21 pp 0.53% held
- Uninav Developers Pvt Ltd +0.15 pp 0.51% held
- Yashika Capital Finvest Private Limited +0.13 pp 1.63% held
- Rajesh Gupta +0.07 pp 36.43% held
- Shikha Gupta +0.07 pp 0.20% held
- Nupur Nature Resorts Private Limited newly disclosed 0.00% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Nupur Recyclers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Rajesh Gupta | 36.43% | +0.07 pp |
| Anoop Garg | 35.91% | unchanged |
| Equidem Dealers Private Limited | 1.65% | unchanged |
| Yashika Capital Finvest Private Limited | 1.63% | +0.13 pp |
| Epoch Synthetics Pvt Ltd | 1.24% | −0.20 pp |
| Bnk Securities Private Limited | 1.13% | unchanged |
| Nupur Gupta | 0.53% | +0.21 pp |
| Uninav Developers Pvt Ltd | 0.51% | +0.15 pp |
| Shikha Gupta | 0.20% | +0.07 pp |
| Br Hands Investments Private Limited | 0.03% | unchanged |
| Arushi Garg | 0.01% | unchanged |
| Sandhya Gupta | 0.00% | unchanged |
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 Nupur Recyclers Limited
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