CMR Green Technologies Ltd. (CMRGREEN) — Tipsheet

CMR Green guides 25% volume growth in FY27 with ₹200 cr capex

Tipsheet Editorial — Sat, 04 Jul 2026 12:44:04 GMT

India's largest aluminium recycler held its first earnings call as a listed company. Management backed growth with two new plants and diversification into beverage-can recycling and green billets.

What’s new

First earnings call as listed company; management guided ~25% volume growth for FY27.
Two new plants under construction at Shoolagiri and Bawal; capex plan of ₹200 cr for FY27.
FY26 consolidated revenue ₹8,640 cr, EBITDA ₹449 cr, PAT ₹228 cr, per-tonne EBITDA ~₹11,000.

Why it matters

CMR Green holds a dominant 45% automotive market share in aluminium recycling. The 25% volume guidance, if delivered, would drive strong revenue growth. But the transcript is post-event: the market already absorbed the numbers. The real watch is execution on new capacity and margin improvement from technology and product mix.

What we’re watching

Execution of new capacity at Shoolagiri and Bawal.
Scrap-sourcing resilience amid potential export bans.
EBITDA per tonne improvement from technology and product diversification.

The full read

CMR Green held its first earnings call as a listed company. The headlines: 25% volume growth in FY27, backed by ₹200 cr capex for two new plants. FY26 revenue hit ₹8,640 cr, EBITDA ₹449 cr, per-tonne EBITDA ₹11,000. Strong. Diversification into beverage-can recycling and green billets broadens the product mix. But the transcript is post-event, absorbed by the market on July 2. The stock trades at 37.9x trailing earnings — a price that already assumes delivery of these ambitions, leaving little room for error. Execution is the test. Volume must be matched by margin expansion, and the next quarters will show whether the guidance was ambition or forecast — and whether CMR can sustain its dominant 45% automotive share while scaling new product lines.

Primary source: BSE · NSE

CMR Green posts 30% revenue jump, guides 25% volume growth in FY27

Tipsheet Editorial — Thu, 02 Jul 2026 17:16:15 GMT

FY26 PAT jumped 47% to ₹228 cr on volumes over 80K MT. Two new plants with ₹200 cr capex target 7 lakh MT capacity by FY27-end.

What’s new

FY26 revenue up 30% to ₹8,646 cr, PAT up 47% to ₹228 cr.
Volumes crossed 80K MT; market share stands at 45% in auto aluminium recycling.
FY27 volume growth guided similar to 25%; ₹200 cr capex for two new plants targeting 7 lakh MT capacity.

Why it matters

Strong execution in a niche sector. The 45% market share and EV-driven aluminium demand provide a structural story, but the absence of profitability guidance leaves valuation (P/E 37.9) reliant on volume growth continuing.

What we’re watching

FY27 volume trajectory – guided ~25%, but no margin targets set.
Commissioning of Shoolagiri and Bawal plants by FY27-end.
Carbon credit monetisation as potential unrealised upside.

The full read

CMR Green closed FY26 with 30% revenue growth to ₹8,646 cr and 47.3% PAT growth to ₹228 cr. Volumes hit 80,000+ MT, and its market share in automotive aluminum recycling stands at 45%. The company is betting on EV adoption to triple aluminum use per vehicle. Management guided for similar volume growth of ~25% in FY27, backed by ₹200 cr capex for two new plants at Shoolagiri and Bawal, targeting 7 lakh MT capacity by FY27-end. That gives volume visibility. What it didn't give: a margin target. At a P/E of 37.9, the market already prices in execution. The Japanese joint ventures and an unsold carbon credit inventory are upside if they materialise. For now, the story is about volume compounding — and whether it can sustain without profit clarity.

Primary source: BSE · NSE

CMR Green confirms FY26 numbers, subsidiary expansions on track

Tipsheet Editorial — Tue, 30 Jun 2026 14:14:38 GMT

Routine board meeting approves audited results; Bawal and Shoolagiri plants due in FY27.

What’s new

Board approves audited standalone and consolidated FY26 results with unmodified opinion.
Subsidiary expansions at Bawal (Haryana) and Shoolagiri (Tamil Nadu) noted as on track for FY27.

Why it matters

The filing is procedural, confirming already-known annual results and expansion plans. No new market-moving information; the growth story remains unchanged.

What we’re watching

Q1 FY27 results to check 25% volume growth guidance.
Progress on ₹200 cr capex and subsidiary plant commissioning.

The full read

CMR Green's board meeting on June 30 was a formality: approving audited FY26 numbers and noting subsidiary expansions already on the calendar. The ₹8,646 cr revenue (up 30%) and 25% volume guidance for FY27 were flagged in prior filings. The two greenfield plants at Bawal and Shoolagiri are due in FY27, backed by a ₹200 cr capex plan. Nothing here changes the narrative—it just seals it.

Primary source: BSE · NSE

CMR Green's FY26 audit confirms prior numbers, expansions on track

Tipsheet Editorial — Tue, 30 Jun 2026 14:02:24 GMT

Audited FY26 revenue of ₹8,646 cr matches guidance; subsidiary plants in Haryana and Tamil Nadu still set for FY27 operations.

What’s new

Audited standalone and consolidated FY26 results approved by board.
Subsidiary expansions at Bawal and Shoolagiri remain on schedule for FY27 startup.
No earnings surprise or revision to prior guidance.

Why it matters

The filing is procedural. FY26 revenue and profit were already disclosed in earlier releases. The real test is FY27 volume growth guidance of 25% and the ₹200 cr capex plan, neither of which gets new detail here.

What we’re watching

FY27 volume growth execution – 25% target is aggressive for a recycling play.
First production from the two subsidiary plants – H1 FY27 is the current timeline.
Debt-equity ratio at 0.65 – capex financing strategy remains key.

The full read

CMR Green's board approved audited FY26 numbers that investors have already seen. Revenue came in at ₹8,646 cr, up 30% YoY, and the Q4 net profit of ₹67 cr was in line. The only incremental colour is a reaffirmation that two subsidiary plants, CMR Nikkei at Bawal and CMR-Toyotsu at Shoolagiri, are still targeting a FY27 start. Those projects were disclosed months ago. This is a confirmatory filing, not a newsmaking one. What moves the needle from here is the 25% volume-growth guide for FY27 and the ₹200 cr capex plan, none of which gets updated today.

Primary source: BSE · NSE