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Nupur Recyclers Limited
(NRL)
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Rating:52Neutral
Price Target:―
Action:Reiterated
Date:08/24/26
The score is held back primarily by weak and inconsistent cash generation (negative operating cash flow for multiple years and still negative free cash flow in FY2026), with an additional valuation headwind from a high P/E. The balance sheet remains reasonably supportive despite higher FY2026 debt, while technicals cannot be confirmed due to missing indicator data.
Positive Factors
Revenue Expansion
The strong reported growth rate and FY2026 rebound indicate continued business expansion despite year-to-year variability. Sustained revenue growth could improve operating leverage and strengthen the company’s position in waste-management markets over the medium term.
Negative Factors
Weak Cash Conversion
Repeated negative operating cash flow and renewed negative free cash flow show that accounting profits have not translated consistently into cash. Persistent working-capital or reinvestment needs could constrain self-funded growth and increase reliance on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Expansion
The strong reported growth rate and FY2026 rebound indicate continued business expansion despite year-to-year variability. Sustained revenue growth could improve operating leverage and strengthen the company’s position in waste-management markets over the medium term.
Read all positive factors
Nupur Recyclers Limited (NRL) vs. iShares MSCI India ETF (INDA)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)52.6
Beta (1Y)N/A
Revenue Growth40.65%
EPS Growth26.08%
CountryIN
Employees18
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)2.48
Shares Outstanding69,068,990
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-9.58
Price to Book (P/B)2.41
Price to Sales (P/S)1.49
P/FCF Ratio-185.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nupur Recyclers Limited Business Overview & Revenue Model
Company Description
Nupur Recyclers Limited, established in 2019 and headquartered in Delhi, India, is a metal scrap processing and recycling specialist. The company engages in the global procurement, processing, and trading of both ferrous and non-ferrous metal wast...
How the Company Makes Money
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Nupur Recyclers Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.44B | 2.16B | 1.58B | 2.40B | 1.87B | 1.59B |
| Gross Profit | 283.60M | 220.50M | 226.10M | 112.05M | 168.55M | 247.99M |
| EBITDA | 251.38M | 277.51M | 250.03M | 131.35M | 193.08M | 266.27M |
| Net Income | 171.55M | 142.17M | 144.53M | 72.08M | 122.23M | 188.72M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.98B | 1.44B | 1.15B | 899.84M | 737.68M |
| Cash, Cash Equivalents and Short-Term Investments | 69.76M | 69.76M | 315.25M | 74.86M | 31.39M | 322.15M |
| Total Debt | 0.00 | 334.32M | 125.59M | 134.74M | 2.50M | 22.34M |
| Total Liabilities | -1.47B | 509.89M | 183.85M | 227.72M | 87.68M | 106.36M |
| Stockholders Equity | 1.47B | 1.34B | 1.18B | 855.73M | 732.07M | 631.32M |
Cash Flow | ||||||
| Free Cash Flow | 116.97M | -17.39M | -230.15M | -121.25M | -172.28M | 133.13M |
| Operating Cash Flow | 183.89M | 156.51M | -186.66M | -110.67M | -171.52M | 133.76M |
| Investing Cash Flow | -46.41M | -159.05M | -10.90M | 107.75M | -25.17M | -196.01M |
| Financing Cash Flow | -164.03M | 29.99M | 163.95M | -10.10M | -23.25M | 294.56M |
Nupur Recyclers Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹5.03B | 11.64 | ― | 1.56% | 5.48% | 35.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ― | 52.60 | ― | ― | 40.65% | 26.08% | |
46 Neutral | ₹260.77M | -4.95 | ― | ― | -8.05% | -51.29% | |
44 Neutral | ₹1.89B | 500.00 | ― | 0.77% | -3.00% | -96.73% | |
41 Neutral | ₹108.56M | -6.60 | ― | 0.41% | ― | -97.28% |
* General Sector Average
IN:NRL
Nupur Recyclers Limited
―
―
―
IN:JIYAECO
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10.17
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IN:SHIRPUR.G
Shirpur Gold Refinery Limited
―
―
―
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1.05
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.