Motilal Oswal Maintains Buy Rating on Jain Resource Recycling, Targets ₹560
Jain Resource Recycling Poised for Significant Growth
Jain Resource Recycling (JAINREC) is one of India's largest non-ferrous metal recyclers, operating an integrated, multi-material processing platform. The company's growth story is driven by its forward integration, potential 'greenium' benefits, and diversification into critical metals.
The outlook for JAINREC is highly promising, with Motilal Oswal forecasting a significant increase in key financial metrics over the next three fiscal years (FY26-28E). Specifically, the research firm expects revenue to grow at a compound annual growth rate (CAGR) of 32%, while earnings before interest, taxes, depreciation, and amortization (EBITDA) and profit after tax (PAT) are projected to increase by 34% and 38%, respectively.
Motilal Oswal's analysts have valued the stock at 23 times the estimated earnings per share (EPS) for fiscal year 2028, resulting in a target price of INR560. In light of this analysis, the research firm has reiterate a BUY rating for JAINREC, suggesting that the stock has significant upside potential.
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| Metric | FY26E | FY27E | FY28E | CAGR |
|---|---|---|---|---|
| Revenue Growth | - | - | - | 32% |
| EBITDA Growth | - | - | - | 34% |
| PAT Growth | - | - | - | 38% |
Note: The revenue, EBITDA, and PAT growth rates are expected to be 32%, 34%, and 38%, respectively, over FY26-28E.
Investor Takeaway
Investors should consider buying Jain Resource Recycling stock, targeting ₹560.
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