Recycling
46 recent notes from companies in this sector. 13 companies tracked.
Antony Waste enters e-bus cleaning with ₹26,000 stake
The waste handler paid a nominal sum for a 26% stake in an SPV that will operate 800 electric buses in Delhi. The real play is extending its Click2Clean service to a government-backed transport vertical.
Gravita cuts PAT guidance to 25-30%, net debt jumps to ₹550 cr
Copper expansion drives debt surge from ₹118 cr. Lead volumes hit by Gulf shipping disruptions. Management prioritises copper over rubber recycling.
Gravita's copper bet delivers ₹376 cr in first full quarter, revenue jumps 42%
First full quarter from copper recycling lifts consolidated revenue to ₹1,475 cr, though segment margin is thin at 4.2%. Board also shuts a US unit as it consolidates operations.
Gravita India's copper bet delivers 42% revenue jump, profit lags
Consolidated revenue jumped 42% to ₹1,475 cr in Q1 FY27, driven by ₹376 cr from the copper buy. Net profit rose only 14% to ₹106 cr. The US subsidiary closure, effective 1 Aug, has no material impact.
Gravita closes a subsidiary that barely moved the needle
Gravita Metal Inc contributed just 2.65% of revenue and 0.55% of net profit in FY26. The company says the closure won't materially affect its finances.
GRP lifts volume guidance as Q1 revenue climbs 26%
Reclaim rubber near 20% growth, plastics above 20%. Management lays out ₹90-100 cr capex for pyrolysis and carbon black plants.
Tinna Rubber Q1 profit surges 75% on volume growth
Consolidated net profit jumps to ₹20.6 crore; standalone profit up 83%. New Varale plant yet to contribute.
CRISIL adjusts POCL outlook to Positive, rating unchanged at A
The revised outlook on the ₹240 crore facility signals improving credit quality, but the rating itself remains at CRISIL A.
Jain Resource Recycling gets formal order to fix furnace before restart
A day after a fatal blast, the Tamil Nadu safety directorate has mandated corrective measures, repairs, and approvals. Unit-II stays down until compliance is met.
Jain Resource Recycling furnace blast kills one, halts unit section
Operations suspended at Gummidipoondi facility after explosion; damage insured, financial hit still unclear.
Eco Recycling to tie up with US e-waste giant ERI in 50:50 JV
The micro-cap e-waste recycler will form a joint venture with Electronic Recyclers International, targeting IT asset disposition and secure data destruction. Agreements already finalised.
Antony Waste: 9 dead in plant collapse, core unit shut
Antony Waste confirmed nine employee deaths at its Pimpri Chinchwad waste-to-energy plant after a waste mound collapse. The plant is suspended; the company offers ₹25 lakh ex-gratia per family but financial impact is still unclear.
Antony Waste mound collapse: plant on shutdown, no material impact yet
A waste mound at the Pimpri Chinchwad WTE plant collapsed onto the admin building during heavy rain. The company says the plant was under scheduled maintenance and sees no immediate operational hit.
Jain Resource Recycling's copper anode line is fully operational, but it was expected
Subsidiary Jain Green Technologies commissioned the second furnace on July 6, completing the project at Gummidipoondi. The expansion was flagged in the Q4 FY2026 earnings call and lacks capacity or revenue data.
Jain Resource Recycling aims to add telecom to its object clause
The board approved adding telecom cables, optical fibre, and tower infrastructure to the MoA. Shareholder vote on July 30; no capex or contracts announced.
CMR Green guides 25% volume growth in FY27 with ₹200 cr capex
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.
CMR Green posts 30% revenue jump, guides 25% volume growth in FY27
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.
Race Eco Chain sells prime associate at a loss, gives up 54% of income
Company offloads 0.99% stake in Prime Industries for ₹88.53 lakhs, booking a ₹14.4 crore loss. The associate contributed 53.58% of consolidated income in FY26.
Pondy Oxides promoter sells 2.95% stake, holding drops to 4.34%
Manju Bansal unloads ₹112.6 cr in open market; no reason disclosed. The sale represents over 2.6% of market cap.
CMR Green confirms FY26 numbers, subsidiary expansions on track
Routine board meeting approves audited results; Bawal and Shoolagiri plants due in FY27.
CMR Green's FY26 audit confirms prior numbers, expansions on track
Audited FY26 revenue of ₹8,646 cr matches guidance; subsidiary plants in Haryana and Tamil Nadu still set for FY27 operations.
Antony Waste issues ₹50 cr guarantee for subsidiary credit line
The guarantee to Oxyzo Financial Services adds a fresh contingent liability worth 3.62% of market cap for the micro-cap waste handler.
Tinna Rubber dispatches first batch from new Varale plant
The recovered carbon black and tyre pyrolysis oil facility came online ahead of a previously postponed timeline, with annual revenue contribution pegged at ₹50-55 crore — roughly 10% of FY26's ₹533 crore turnover.
Gravita's material arm gets rating upgrade from Infomerics
Rashtriya Metal Industries' bank loan facilities of ₹295 cr raised to IVR AA/Stable, short-term to IVR A1+.
Race Eco Chain proposes demerger, ties up with Ganesha Ecosphere
The nano-cap recycler will split into three listed entities while India's largest PET recycler takes an equity stake. Standalone Q4 revenue slipped 22% to ₹108.25 cr.
Gravita India's Mundra plant gets LME brand listing for lead
The London Metal Exchange certification makes Gravita's lead eligible for delivery at all LME-approved warehouses globally, supplementing its existing MCX listing.
Namo Ewaste profit jumps 70%, sets ₹1,100 crore target
FY26 net profit hit ₹14.35 cr as revenue rose 29%. Company targets five-fold revenue increase with hydrometallurgy push and ₹60 cr capex. Battery recycling utilization must leap from 10% to 60-70%.
India Ratings lifts Gravita outlook to Positive on ₹150 cr loans
The agency affirmed the IND AA- rating on Gravita's ₹150 crore bank facilities but turned the outlook Positive. It follows ICRA's upgrade to AA in June.
ICRA upgrades Gravita India's credit rating to AA, citing stronger finances
The one-notch upgrade on ₹1,000 cr in working capital limits reflects improved profitability and a more comfortable liquidity position.
Exim Routes posts 72% revenue growth, guides for ₹300 cr in FY27
First post-IPO results show the company's platform now tracks one-fifth of India's recycled-paper imports. Management expects both top and bottom lines to grow 30-50% next year.
Antony Waste's Q4 transcript adds nothing new. The results were already out.
A routine recording of the June 1 concall. No new data, guidance, or management signals beyond what the market already priced in.
Pondy Oxides funds ₹200 cr expansion from its own cash pile
The copper cathode project is fully internally funded, with lead volume growth guided at ~15%. Management detailed the Q4 record on the earnings call.
Antony Waste revenue hits ₹1,053 cr, but profit slips 9% on cost pressure
Consolidated net profit fell to ₹91.75 crore even as the waste-management company grew top line 13%, pointing to margin erosion.
Cerebra's auditor disclaims the accounts as losses swell to ₹71.64 cr
The company is already in CIRP. The Q4 and full-year results, filed a year late, show revenue collapsed to ₹5.96 crore and the auditor refused to sign off.
Pondy Oxides targets FY27 growth as copper cathode plans take shape
Management forecasts lead volumes up to 130,000 tons for FY27 while pivoting toward high-margin copper cathode production to lift long-term profitability.
Mukul Agrawal nears total exit from Siyaram Recycling
Param Value Investments has offloaded another 4.65% stake in the brass recycler, cutting its holding to 1.49% after a series of open-market sales.
Pondy Oxides reports Q4 revenue growth of 80% YoY
The company released its Q4 and FY26 performance summary, confirming figures already disclosed in its earlier board meeting outcome.
Pondy Oxides to build ₹200 cr copper recycling plant in Tamil Nadu
The company targets a 36,000-tonne annual capacity for LME Grade A copper cathode by December 2026, funded entirely by internal accruals.
Pondy Oxides profit doubles to ₹138.73 crore in FY26
Revenue climbed to ₹2,938.65 crore as demand for lead and copper surged. The board recommended a dividend of ₹5 per share.
GEM Enviro's revenue jumped 61%. Profit fell 24%.
The waste-management firm grew its top-line at a blistering pace but its margins compressed sharply in FY26.
Tinna Rubber pushes ₹1,000 cr revenue target to FY29, delays South Africa JV
Record tyre processing volumes couldn't prevent a year's delay on the company's flagship target. The South Africa JV and new carbon black plant are also running late.
Namo plots a fourfold revenue jump to main board in 18–24 months
CEO Sanjeev Shrivastava set a target of ₹800–900 crore in revenue and ₹50 crore in profit for a main-board listing. The bet is on battery recycling.
Tinna Rubber posts 26% profit jump on 5.6% revenue growth
Standalone profit rose to ₹53.24 crore for FY26. The board also greenlit a ₹15 crore bet on a South African joint venture.
Tinna Rubber's profit climbs 26% on ₹533 cr revenue
The micro-cap recycler's FY26 profit growth outpaced revenue by a wide margin. The board also approved a ₹15 cr investment in a South African joint venture.
GRP's EBITDA margin fell to 7% as tariffs crushed exports
Quarterly profit collapsed from 21% to 7% of revenue. A key growth project is delayed again, and the polymer composite business is shut.
Race Eco Chain's CFO resigns ahead of FY results
Piyanshu Sharma quits the nano-cap; successor to be named at same board meeting that will review annual numbers.