Nupur Recyclers Ltd was incorporated as a Private Limited Company, "Nupur Recyclers Private Limited", under the Companies Act, vide Certificate of Incorporation dated January 22, 2019, issued by the Registrar of Companies, NCT of Delhi and Haryana. Subsequently, the Company was converted into a Public Limited Company by a Special Resolution passed by its Members at an Extraordinary General Meeting held on September 20, 2021, and its name was changed to "Nupur Recyclers Limited". The Promoters of the Company are Mr. Rajesh Gupta and Mr. Anoop Garg.
Nupur Recyclers Limited is an India-based importer and processor of non-ferrous metal scrap. The Company is engaged in importing non-ferrous metal scrap, such as shredded zinc scrap, zinc die cast scrap, zurik scrap, and aluminum zorba grades, and their subsequent processing and trading. The Company recycles non-ferrous metal scrap to produce products for its end customers. NRL is an ISO 9001, ISO 14001, ISO 45001 certified member of the Material Recycling Association of India.
The company operates in the metal scrap processing and recycling industry, focusing on environmentally sustainable practices by converting waste metals into valuable recycled products. It processes materials from recyclables such as metal or scrap and develops recycled products. This business model aligns with global sustainability initiatives and the growing emphasis on circular economy principles.
The Company is engaged in the trading and import of ferrous and non-ferrous metal scrap, including Shredded Zinc Scrap, Zinc Die Cast Scrap, Shredded Stainless Steel Scrap, Aluminium Zorba Grades, and Zinc Scrap. The company has strategically positioned itself in the metal recycling value chain, catering to various industries that require recycled metal inputs for their manufacturing processes.
The business operates across multiple metal categories, allowing for diversification of revenue streams and reducing dependence on any single metal type. This diversified approach helps the company navigate commodity price fluctuations and market demand variations effectively.
The market capitalization of Nupur Recyclers Ltd (NRL) is ₹537.56 Cr as of 9th July 2025. Nupur Recyclers Ltd (NRL) belongs to the Materials sector and the Metals - Diversified sub-sector. The stock has shown significant volatility, with the 52-week high at ₹143.40 and the 52-week low at ₹52.70.
- FY2025 Performance:
- Net profit rose 100.42% to Rs 14.45 crore in the year ended March 2025, compared to Rs 7.21 crore during the previous year ended March 2024.
- Sales declined 34.06% to Rs 158.31 crore in the year ended March 2025, compared to Rs 240.08 crore during the previous year ended March 2024.
- Q1 FY2025 Performance:
- Net profit of Nupur Recyclers rose 24.10% to Rs 2.06 crore in the quarter ended March 2025, compared to Rs 1.66 crore during the previous quarter ended March 2024.
The company demonstrated strong profitability growth despite facing revenue challenges, indicating improved operational efficiency and better margin management. This performance reflects management's ability to optimize costs and enhance productivity during market downturns.
- M/s Danta LLC.: The Company acquired 51% equity shares of M/s Danta LLC., making it a subsidiary in 2022-23.
- Nupur Polymers Private Limited: In 2023-24, the Company incorporated Nupur Polymers Private Limited on May 1, 2023. The Company's shareholding in Nupur Polymers Private Limited increased to 98% from an initial 93%.
- Nupur Extrusion Private Limited: The Company incorporated Nupur Extrusion Private Limited as a subsidiary on May 27, 2023, in which it holds a 60% equity stake.
The company has been actively expanding its business through strategic acquisitions and new subsidiary formations, indicating a growth-oriented approach. These expansions suggest the management's confidence in the recycling industry's potential and their commitment to building a comprehensive metal processing ecosystem.
The stock trades on both NSE and BSE exchanges with the symbol NRL. The P/E (price-to-earnings) ratio of Nupur Recyclers Ltd (NRL) is 37.20, and the P/B (price-to-book) ratio is 5.85. Promoter Holding is 72.5%, which indicates strong promoter confidence in the company's future prospects.
The high promoter holding provides stability to the stock and demonstrates management's commitment to the business. The valuation metrics suggest that investors are pricing in future growth expectations, though this also indicates the need for continued operational performance to justify current valuations.
The company operates in the environmentally critical metal recycling sector, which benefits from increasing regulatory support for sustainable practices and circular economy initiatives. The metal recycling industry is expected to grow as manufacturers seek cost-effective alternatives to virgin metals while meeting environmental compliance requirements.
However, investors should consider the cyclical nature of the metals industry and potential volatility in commodity prices that could impact margins. The company's ability to maintain profitability growth while navigating revenue fluctuations will be crucial for long-term success. The recent expansion into new subsidiaries and business areas shows management's strategic vision for diversification and growth, which could provide additional revenue streams and market opportunities.
