Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Recycling Stocks in India

Recycling: Jain Resource Recycling Ltd owns the largest revenue base AND the fastest current growth.

Nifty Recycling Index — Constituents & Performance

The Recycling companies below are the listed Indian Recycling universe this page tracks — the same constituent set people search for as the Nifty Recycling index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Recycling moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 40% ahead of NIFTY 500. Earnings across its companies grew 23% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 17 weeks running.

LEADER · ahead 17w~Price and the fundamentals both up6 of 8 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑17w · 6/8 >200d (+2) · 6/8 lead (+0) · EPS 4/8↑

2005001000202620252024202320222021 1636335 TRAILING 12-MONTH EPS · 100 AT THE START0100111Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reporting · thin coverageSep 2022 · trailing 12-month earnings per share at 105, against 100 at the start · no comparable year yet · 3 reporting · thin coverageDec 2022 · trailing 12-month earnings per share at 111, against 100 at the start · no comparable year yet · 3 reporting · thin coverageMar 2023 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 3 reporting · thin coverageJun 2023 · trailing 12-month earnings per share at 79, against 100 at the start · down 20.9% on a year ago · 3 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 35.3% on a year ago · 6 reportingDec 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 45.8% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 100, against 100 at the start · down 45.9% on a year ago · 7 reportingJun 2024 · trailing 12-month earnings per share at 94, against 100 at the start · down 10.2% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 84, against 100 at the start · up 11.6% on a year ago · 7 reportingDec 2024 · trailing 12-month earnings per share at 103, against 100 at the start · up 13.3% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 100, against 100 at the start · up 26.0% on a year ago · 8 reportingJun 2025 · trailing 12-month earnings per share at 89, against 100 at the start · up 36.4% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 59, against 100 at the start · up 24.7% on a year ago · 8 reportingDec 2025 · trailing 12-month earnings per share at 74, against 100 at the start · up 20.4% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 90, against 100 at the start · up 9.2% on a year ago · 8 reportingNot reported yet — earnings trail price by a quarter or two90 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
2005001000202620252024202320222021 1636335 TRAILING 12-MONTH EPS · 100 AT THE START0100111Mar 23Mar 24Mar 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reporting · thin coverageSep 2022 · trailing 12-month earnings per share at 105, against 100 at the start · no comparable year yet · 3 reporting · thin coverageDec 2022 · trailing 12-month earnings per share at 111, against 100 at the start · no comparable year yet · 3 reporting · thin coverageMar 2023 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 3 reporting · thin coverageJun 2023 · trailing 12-month earnings per share at 79, against 100 at the start · down 20.9% on a year ago · 3 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 35.3% on a year ago · 6 reportingDec 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 45.8% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 100, against 100 at the start · down 45.9% on a year ago · 7 reportingJun 2024 · trailing 12-month earnings per share at 94, against 100 at the start · down 10.2% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 84, against 100 at the start · up 11.6% on a year ago · 7 reportingDec 2024 · trailing 12-month earnings per share at 103, against 100 at the start · up 13.3% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 100, against 100 at the start · up 26.0% on a year ago · 8 reportingJun 2025 · trailing 12-month earnings per share at 89, against 100 at the start · up 36.4% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 59, against 100 at the start · up 24.7% on a year ago · 8 reportingDec 2025 · trailing 12-month earnings per share at 74, against 100 at the start · up 20.4% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 90, against 100 at the start · up 9.2% on a year ago · 8 reportingNot reported yet — earnings trail price by a quarter or two90No earnings on file this far back — the price series reaches further than the filings do
Recycling, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy MixedHow much of the sector is participating, how recently, and whether the movers score well.
Together6 of 8 stocks moving
Fresh1 crossed in the last 4 weeks
Backed by scoresmovers score +3 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 1/20
Mid 3/3+1
Small 2/3−1

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 8 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Recycling outperforming NIFTY 500?

The 52-week comparison of Recycling against NIFTY 500 is not available from the current market series. 7 of 8 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Bhagyanagar India Ltd is the strongest against the sector itself at +85.6%. Readings are as of 2026-07-19.

—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
7/8Stocks leading NIFTY 500
3/8Stocks leading sector

Sector metric: 31.7 as of 2026-07-19 · CONSOLIDATION · falling.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 7 of 8 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Jain Resource Recycling Ltd leads with revenue of ₹9,543 crore, based on 8 of 9 comparable companies through Mar 2026. Jain Resource Recycling Ltd has the fastest current revenue growth at 48.4%, across 8 of 9 comparable companies.

Is the Recycling sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 7 of 8 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Recycling company is largest by revenue?

Jain Resource Recycling Ltd leads with revenue of ₹9,543 crore, based on 8 of 9 comparable companies through Mar 2026.

Which Recycling company is growing fastest?

Jain Resource Recycling Ltd has the fastest current revenue growth at 48.4%, across 8 of 9 comparable companies.

Which Recycling company has the strongest 4-Factor Sector Score?

Bhagyanagar India Ltd ranks first at 75.1/100 with 80% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Recycling company has the least gross debt?

Namo eWaste Management Ltd has the lowest comparable gross debt at ₹3 crore. Jain Resource Recycling Ltd has the highest at ₹1,276 crore.

Which Recycling company has the lowest comparable PEG?

Ganesha Ecosphere Ltd has the lowest comparable Guarded PEG at 0.43, among 4 of 9 companies that pass the metric’s comparability rules.

How much history does this Recycling comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
9
complete canonical membership
Combined market value
₹36.8K Cr
Gravita India Ltd
Revenue growing
8/8
positive TTM year-on-year growth
Beating NIFTY 500
7/8
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Bhagyanagar India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 80% evidence confidence.
Antony Waste Handling Cell Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Bhagyanagar India Ltd · BHAGYANGR

75.1/100 · Favorable setup · 80% evidence

Exact sum: 32.1 + 12.2 + 10.8 + 20 = 75.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

32.1/35Growth & earnings

Revenue 46.3% · PAT 100% · OPM change 3 pp

95% evidence

12.2/25Capital efficiency

ROCE 20.7% · debt/equity 1.01×

95% evidence

10.8/20Valuation

P/E 26.2× · PEG —

15% evidence

20.0/20Relative strength

RS sector 85.6% · RS bench 118.7% · 1Y 281%

100% evidence

2. Pondy Oxides & Chemicals Ltd · POCL

66.1/100 · Favorable setup · 100% evidence

Exact sum: 29.4 + 15.3 + 15.7 + 5.7 = 66.1

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -12.6% and the one-year return is 37.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

29.4/35Growth & earnings

Revenue 43.8% · PAT 100% · OPM change 1 pp

100% evidence

15.3/25Capital efficiency

ROCE 23.2% · debt/equity 0.19×

100% evidence

15.7/20Valuation

P/E 30.3× · PEG 0.96

100% evidence

5.7/20Relative strength

RS sector -12.6% · RS bench 6.7% · 1Y 37.6%

100% evidence

3. NILE Ltd · NILE

65.0/100 · Favorable setup · 81% evidence

Exact sum: 23.2 + 18.4 + 11 + 12.4 = 65

Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

23.2/35Growth & earnings

Revenue 13% · PAT 55.6% · OPM change -1 pp

95% evidence

18.4/25Capital efficiency

ROCE 25.3% · debt/equity 0.04×

95% evidence

11.0/20Valuation

P/E 9.8× · PEG —

50% evidence

12.4/20Relative strength

RS sector 3.2% · RS bench 6.2% · 1Y 5.2%

70% evidence

4. Namo eWaste Management Ltd · NAMOEWASTE

63.6/100 · Thin evidence · provisional · 56% evidence

Exact sum: 20.1 + 16.9 + 8.9 + 17.7 = 63.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.1/35Growth & earnings

Revenue — · PAT — · OPM change 3 pp

26% evidence

16.9/25Capital efficiency

ROCE 21.3% · debt/equity 0.03×

95% evidence

8.9/20Valuation

P/E 44.3× · PEG —

15% evidence

17.7/20Relative strength

RS sector 15.8% · RS bench 40.2% · 1Y 44.4%

100% evidence

5. Gravita India Ltd · GRAVITA

50.9/100 · Mixed-positive evidence · 100% evidence

Exact sum: 19.2 + 10.8 + 11.1 + 9.8 = 50.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.2/35Growth & earnings

Revenue 10.3% · PAT 20.8% · OPM change 1 pp

100% evidence

10.8/25Capital efficiency

ROCE 17% · debt/equity 0.3×

100% evidence

11.1/20Valuation

P/E 34.6× · PEG 1

100% evidence

9.8/20Relative strength

RS sector -11.7% · RS bench 8.1% · 1Y 5.5%

100% evidence

6. Jain Resource Recycling Ltd · JAINREC

46.6/100 · Mixed-negative evidence · 73% evidence

Exact sum: 18 + 13.6 + 5 + 10 = 46.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.0/35Growth & earnings

Revenue 48.4% · PAT 54.7% · OPM change -1 pp

100% evidence

13.6/25Capital efficiency

ROCE 25.5% · debt/equity 0.82×

100% evidence

5.0/20Valuation

P/E 33.4× · PEG 3.48

65% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

7. Eco Recycling Ltd · 530643

43.5/100 · Mixed-negative evidence · 83% evidence

Exact sum: 6.6 + 19.7 + 9.8 + 7.4 = 43.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

6.6/35Growth & earnings

Revenue 9.6% · PAT -1.7% · OPM change -1.8 pp

95% evidence

19.7/25Capital efficiency

ROCE 30% · debt/equity 0.06×

80% evidence

9.8/20Valuation

P/E 42.3× · PEG —

50% evidence

7.4/20Relative strength

RS sector -16.8% · RS bench 2.1% · 1Y -21.2%

100% evidence

8. Antony Waste Handling Cell Ltd · AWHCL

42.2/100 · Mixed-negative evidence · 81% evidence

Exact sum: 12.2 + 12.4 + 13.8 + 3.8 = 42.2

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

12.2/35Growth & earnings

Revenue 12.7% · PAT -8% · OPM change -1 pp

95% evidence

12.4/25Capital efficiency

ROCE 11.2% · debt/equity 0.62×

95% evidence

13.8/20Valuation

P/E 16.3× · PEG —

50% evidence

3.8/20Relative strength

RS sector -17.8% · RS bench -13.3% · 1Y -30.8%

70% evidence

9. Ganesha Ecosphere Ltd · GANECOS

28.1/100 · Adverse evidence · 94% evidence

Exact sum: 2.4 + 8.4 + 10.2 + 7.1 = 28.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

2.4/35Growth & earnings

Revenue 1% · PAT -62.5% · OPM change -3 pp

100% evidence

8.4/25Capital efficiency

ROCE 5.4% · debt/equity 0.39×

100% evidence

10.2/20Valuation

P/E 84.8× · PEG 0.43

100% evidence

7.1/20Relative strength

RS sector -27% · RS bench 16.4% · 1Y -20.4%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Jain Resource Recycling Ltd has the highest Revenue among the 9 Recycling companies compared here, at ₹9,543 crore. Gravita India Ltd is next at ₹4,266 crore. The same company also holds the highest Revenue growth, at 48.4%. 8 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Jain Resource Recycling Ltd is the scale leader at ₹9,543 crore, 123.7% ahead of Gravita India Ltd. Jain Resource Recycling Ltd's growth is 48.4% from a ₹9,543 crore base, with 8 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderJain Resource Recycling Ltd · ₹9,543 crore
Gap123.7% versus #2 · Gravita India Ltd
Persistence4/4 recent comparable periods
Coverage8/9 companies · 130 observations

Investor read: Jain Resource Recycling Ltd is the scale benchmark; Jain Resource Recycling Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Jain Resource Recycling Ltd's growth falls below Jain Resource Recycling Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Jain Resource Recycling Ltd JAINREC₹9.5K Cr
2Gravita India Ltd GRAVITA₹4.3K Cr
3Pondy Oxides & Chemicals Ltd POCL₹3.0K Cr
4Bhagyanagar India Ltd BHAGYANGR⚠ unverified₹2.4K Cr
5Ganesha Ecosphere Ltd GANECOS₹1.5K Cr
Revenue growthfastest growers
1Jain Resource Recycling Ltd JAINREC48%
2Bhagyanagar India Ltd BHAGYANGR⚠ unverified46%
3Pondy Oxides & Chemicals Ltd POCL44%
4NILE Ltd NILE13%
5Antony Waste Handling Cell Ltd AWHCL⚠ unverified13%
Revenue · company comparison
8/9 level · 8/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Jain Resource Recycling Ltd JAINREC₹3.1K Cr76%Mar 2026
Gravita India Ltd GRAVITA₹1.2K Cr13%Mar 2026
Pondy Oxides & Chemicals Ltd POCL₹935 Cr78%Mar 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified₹735 Cr62%Mar 2026
Ganesha Ecosphere Ltd GANECOS₹424 Cr23%Mar 2026
Antony Waste Handling Cell Ltd AWHCL⚠ unverified₹286 Cr18%Mar 2026
NILE Ltd NILE₹230 Cr21%Mar 2026
Namo eWaste Management Ltd NAMOEWASTE₹107 Cr29%Mar 2026
Eco Recycling Ltd 530643₹19 Cr90%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

—
—
—
—
—
—
₹218 Cr
₹202 Cr
₹222 Cr
₹224 Cr
₹217 Cr
₹210 Cr
₹227 Cr
₹221 Cr
₹243 Cr
₹243 Cr
₹247 Cr
₹258 Cr
₹262 Cr
₹286 Cr

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

—
—
—
—
—
—
₹430 Cr
₹663 Cr
₹346 Cr
₹340 Cr
₹335 Cr
₹409 Cr
₹369 Cr
₹408 Cr
₹394 Cr
₹454 Cr
₹486 Cr
₹580 Cr
₹577 Cr
₹735 Cr

Eco Recycling Ltd · 530643

—
—
—
—
—
—
₹4 Cr
₹5 Cr
₹5 Cr
₹7 Cr
₹7 Cr
₹8 Cr
₹11 Cr
₹13 Cr
₹10 Cr
₹10 Cr
₹9 Cr
₹14 Cr
₹6 Cr
₹19 Cr

Ganesha Ecosphere Ltd · GANECOS

₹198 Cr
₹248 Cr
₹288 Cr
₹287 Cr
₹293 Cr
₹313 Cr
₹273 Cr
₹302 Cr
₹254 Cr
₹278 Cr
₹285 Cr
₹306 Cr
₹337 Cr
₹387 Cr
₹398 Cr
₹344 Cr
₹337 Cr
₹363 Cr
₹357 Cr
₹424 Cr

Gravita India Ltd · GRAVITA

₹446 Cr
₹546 Cr
₹557 Cr
₹666 Cr
₹580 Cr
₹683 Cr
₹789 Cr
₹749 Cr
₹703 Cr
₹836 Cr
₹758 Cr
₹863 Cr
₹908 Cr
₹927 Cr
₹996 Cr
₹1.0K Cr
₹1.0K Cr
₹1.0K Cr
₹1.0K Cr
₹1.2K Cr

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
₹1.5K Cr
₹1.4K Cr
₹1.8K Cr
₹1.8K Cr
₹1.5K Cr
₹2.1K Cr
₹2.8K Cr
₹3.1K Cr

Namo eWaste Management Ltd · NAMOEWASTE

—
—
—
—
—
—
—
—
—
₹36 Cr
—
₹65 Cr
—
₹67 Cr
—
₹83 Cr
—
₹87 Cr
—
₹107 Cr

NILE Ltd · NILE

—
—
—
—
—
—
₹216 Cr
₹217 Cr
₹161 Cr
₹251 Cr
₹252 Cr
₹174 Cr
₹245 Cr
₹252 Cr
₹233 Cr
₹190 Cr
₹245 Cr
₹274 Cr
₹291 Cr
₹230 Cr

Pondy Oxides & Chemicals Ltd · POCL

₹244 Cr
₹400 Cr
₹414 Cr
₹397 Cr
₹364 Cr
₹301 Cr
₹374 Cr
₹437 Cr
₹325 Cr
₹397 Cr
₹457 Cr
₹363 Cr
₹445 Cr
₹579 Cr
₹509 Cr
₹524 Cr
₹603 Cr
₹640 Cr
₹780 Cr
₹935 Cr

Revenue growth · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

—
—
—
—
—
—
—
—
—
—
-0.5%
4.0%
2.3%
-1.3%
12%
16%
8.8%
17%
7.8%
18%

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

—
—
—
—
—
—
—
—
—
—
-22%
-38%
6.7%
20%
18%
11%
32%
42%
46%
62%

Eco Recycling Ltd · 530643

—
—
—
—
—
—
—
—
—
—
104%
63%
112%
81%
33%
21%
-19%
12%
-40%
90%

Ganesha Ecosphere Ltd · GANECOS

—
—
—
—
48%
26%
-5.4%
5.2%
-13%
-11%
4.6%
1.3%
33%
39%
40%
12%
0.0%
-6.2%
-10%
23%

Gravita India Ltd · GRAVITA

—
—
—
—
30%
25%
42%
12%
21%
22%
-3.9%
15%
29%
11%
31%
20%
15%
12%
2.1%
13%

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
3.5%
52%
56%
76%

Namo eWaste Management Ltd · NAMOEWASTE

—
—
—
—
—
—
—
—
—
—
—
—
—
86%
—
28%
—
30%
—
29%

NILE Ltd · NILE

—
—
—
—
—
—
—
—
—
—
17%
-20%
52%
0.4%
-7.5%
9.2%
0.0%
8.7%
25%
21%

Pondy Oxides & Chemicals Ltd · POCL

—
—
—
—
49%
-25%
-9.7%
10%
-11%
32%
22%
-17%
37%
46%
11%
44%
36%
11%
53%
78%
02 · compare level, then change

Operating Economics & Margin Trend

Eco Recycling Ltd has the highest OPM among the 9 Recycling companies compared here, at 69.5%. Antony Waste Handling Cell Ltd is next at 20%. Bhagyanagar India Ltd has the highest Margin change at +3 percentage points, so level and change sit with different companies. 9 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Eco Recycling Ltd leads opm at 69.5%; Bhagyanagar India Ltd leads margin change at +3 percentage points.

LeaderEco Recycling Ltd · 69.5%
Gap247.5% versus #2 · Antony Waste Handling Cell Ltd
Persistence3/8 recent comparable periods
Coverage9/9 companies · 154 observations

Investor read: Eco Recycling Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Eco Recycling Ltd 53064370%
2Antony Waste Handling Cell Ltd AWHCL⚠ unverified20%
3Ganesha Ecosphere Ltd GANECOS12%
4Namo eWaste Management Ltd NAMOEWASTE11%
5Gravita India Ltd GRAVITA10%
Margin changefastest expanders
1Bhagyanagar India Ltd BHAGYANGR⚠ unverified+3.0 pp
2Namo eWaste Management Ltd NAMOEWASTE+3.0 pp
3Gravita India Ltd GRAVITA+1.0 pp
4Pondy Oxides & Chemicals Ltd POCL+1.0 pp
5Antony Waste Handling Cell Ltd AWHCL⚠ unverified−1.0 pp
Operating margin · company comparison
9/9 level · 9/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Eco Recycling Ltd 53064369%−1.8 ppMar 2026
Antony Waste Handling Cell Ltd AWHCL⚠ unverified20%−1.0 ppMar 2026
Ganesha Ecosphere Ltd GANECOS12%−3.0 ppMar 2026
Namo eWaste Management Ltd NAMOEWASTE11%+3.0 ppMar 2026
Gravita India Ltd GRAVITA10%+1.0 ppMar 2026
NILE Ltd NILE7.0%−1.0 ppMar 2026
Pondy Oxides & Chemicals Ltd POCL6.0%+1.0 ppMar 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified5.0%+3.0 ppMar 2026
Jain Resource Recycling Ltd JAINREC4.0%−1.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

26%
24%
20%
22%
19%
21%
14%
16%
21%
23%
20%
17%
22%
19%
21%
21%
22%
20%
16%
20%

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

2.3%
2.3%
1.7%
1.6%
1.4%
1.6%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
2.0%
3.0%
2.0%
3.0%
4.0%
5.0%
5.0%

Eco Recycling Ltd · 530643

43%
25%
-41%
24%
66%
44%
46%
-60%
60%
60%
70%
46%
72%
72%
67%
71%
55%
50%
60%
69%

Ganesha Ecosphere Ltd · GANECOS

11%
11%
11%
11%
9.2%
11%
12%
11%
10%
9.0%
14%
15%
14%
14%
14%
15%
11%
6.0%
9.0%
12%

Gravita India Ltd · GRAVITA

8.4%
9.2%
9.7%
10%
2.7%
8.6%
10%
8.0%
8.0%
9.0%
11%
8.0%
10%
7.0%
8.0%
9.0%
10%
10%
12%
10%

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
6.0%
6.0%
5.0%
5.0%
6.0%
8.0%
7.0%
4.0%

Namo eWaste Management Ltd · NAMOEWASTE

—
—
—
—
—
—
—
—
—
13%
—
10%
—
10%
—
8.0%
—
12%
—
11%

NILE Ltd · NILE

6.2%
6.2%
5.1%
5.3%
6.1%
2.2%
4.0%
6.0%
5.0%
5.0%
7.0%
5.0%
5.0%
5.0%
7.0%
8.0%
9.0%
6.0%
7.0%
7.0%

Pondy Oxides & Chemicals Ltd · POCL

6.0%
6.2%
5.8%
3.6%
4.9%
5.8%
5.0%
5.0%
4.0%
4.0%
5.0%
5.0%
5.0%
5.0%
5.0%
5.0%
7.0%
8.0%
7.0%
6.0%

Margin change · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

+0.6 pp
−0.5 pp
−6.7 pp
−0.3 pp
−7.0 pp
−3.9 pp
−5.7 pp
−6.1 pp
+2.3 pp
+2.5 pp
+6.0 pp
+1.0 pp
+1.0 pp
−4.0 pp
+1.0 pp
+4.0 pp
0.0 pp
+1.0 pp
−5.0 pp
−1.0 pp

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

−1.3 pp
−0.2 pp
−0.2 pp
−0.6 pp
−0.9 pp
−0.7 pp
+0.3 pp
+0.4 pp
+0.6 pp
+0.4 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
+1.0 pp
0.0 pp
+1.0 pp
+2.0 pp
+2.0 pp
+3.0 pp

Eco Recycling Ltd · 530643

+139.6 pp
+20.0 pp
−57.6 pp
+11.4 pp
+23.2 pp
+19.2 pp
+87.2 pp
−84.0 pp
−5.3 pp
+16.4 pp
+23.7 pp
+106.1 pp
+11.4 pp
+11.4 pp
−3.4 pp
+25.5 pp
−17.1 pp
−21.7 pp
−7.2 pp
−1.8 pp

Ganesha Ecosphere Ltd · GANECOS

+16.4 pp
−0.7 pp
−2.7 pp
−1.9 pp
−2.3 pp
+0.3 pp
+0.9 pp
−0.4 pp
+0.8 pp
−2.2 pp
+2.2 pp
+4.0 pp
+4.0 pp
+5.0 pp
0.0 pp
0.0 pp
−3.0 pp
−8.0 pp
−5.0 pp
−3.0 pp

Gravita India Ltd · GRAVITA

+3.5 pp
+2.0 pp
+0.9 pp
+0.8 pp
−5.6 pp
−0.6 pp
+0.4 pp
−2.5 pp
+5.3 pp
+0.4 pp
+1.0 pp
0.0 pp
+2.0 pp
−2.0 pp
−3.0 pp
+1.0 pp
0.0 pp
+3.0 pp
+4.0 pp
+1.0 pp

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.0 pp
+2.0 pp
+2.0 pp
−1.0 pp

Namo eWaste Management Ltd · NAMOEWASTE

—
—
—
—
—
—
—
—
—
—
—
—
—
−3.0 pp
—
−2.0 pp
—
+2.0 pp
—
+3.0 pp

NILE Ltd · NILE

+5.8 pp
+3.0 pp
−1.7 pp
−0.5 pp
−0.1 pp
−4.0 pp
−1.1 pp
+0.7 pp
−1.1 pp
+2.8 pp
+3.0 pp
−1.0 pp
0.0 pp
0.0 pp
0.0 pp
+3.0 pp
+4.0 pp
+1.0 pp
0.0 pp
−1.0 pp

Pondy Oxides & Chemicals Ltd · POCL

+2.8 pp
+4.5 pp
+3.2 pp
+1.4 pp
−1.1 pp
−0.3 pp
−0.8 pp
+1.4 pp
−0.9 pp
−1.8 pp
0.0 pp
0.0 pp
+1.0 pp
+1.0 pp
0.0 pp
0.0 pp
+2.0 pp
+3.0 pp
+2.0 pp
+1.0 pp
03 · compare level, then change

Profit Scale & Acceleration

Gravita India Ltd has the highest Net profit among the 9 Recycling companies compared here, at ₹378 crore. Jain Resource Recycling Ltd is next at ₹348 crore. Bhagyanagar India Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Gravita India Ltd leads with ₹378 crore of TTM profit, 8.6% above Jain Resource Recycling Ltd. Bhagyanagar India Ltd shows ≥100% on the scoring scale (233.3% uncapped) growth from a ₹50 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderGravita India Ltd · ₹378 crore
Gap8.6% versus #2 · Jain Resource Recycling Ltd
Persistence7/8 recent comparable periods
Coverage8/9 companies · 130 observations

Investor read: Gravita India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Gravita India Ltd GRAVITA₹378 Cr
2Jain Resource Recycling Ltd JAINREC₹348 Cr
3Pondy Oxides & Chemicals Ltd POCL₹132 Cr
4Antony Waste Handling Cell Ltd AWHCL⚠ unverified₹92 Cr
5NILE Ltd NILE₹56 Cr
Profit growthfastest growers
1Bhagyanagar India Ltd BHAGYANGR⚠ unverified100%
2Pondy Oxides & Chemicals Ltd POCL100%
3NILE Ltd NILE56%
4Jain Resource Recycling Ltd JAINREC55%
5Gravita India Ltd GRAVITA21%
Net profit · company comparison
8/9 level · 8/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Gravita India Ltd GRAVITA₹92 Cr-3.2%Mar 2026
Jain Resource Recycling Ltd JAINREC₹66 Cr25%Mar 2026
Pondy Oxides & Chemicals Ltd POCL₹38 Cr124%Mar 2026
Antony Waste Handling Cell Ltd AWHCL⚠ unverified₹37 Cr-20%Mar 2026
Ganesha Ecosphere Ltd GANECOS₹23 Cr-4.2%Mar 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified₹18 Cr260%Mar 2026
NILE Ltd NILE₹14 Cr40%Mar 2026
Eco Recycling Ltd 530643₹7 Cr225%Mar 2026
Namo eWaste Management Ltd NAMOEWASTE₹7 Cr133%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

—
—
—
—
—
—
₹16 Cr
₹12 Cr
₹23 Cr
₹32 Cr
₹16 Cr
₹30 Cr
₹21 Cr
₹15 Cr
₹18 Cr
₹46 Cr
₹23 Cr
₹17 Cr
₹15 Cr
₹37 Cr

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

—
—
—
—
—
—
₹3 Cr
₹6 Cr
₹38 Cr
₹3 Cr
₹3 Cr
₹2 Cr
₹2 Cr
₹4 Cr
₹4 Cr
₹5 Cr
₹8 Cr
₹11 Cr
₹13 Cr
₹18 Cr

Eco Recycling Ltd · 530643

—
—
—
—
—
—
₹4 Cr
₹-4 Cr
₹5 Cr
₹6 Cr
₹6 Cr
₹2 Cr
₹8 Cr
₹8 Cr
₹5 Cr
₹2 Cr
₹8 Cr
₹6 Cr
₹2 Cr
₹7 Cr

Ganesha Ecosphere Ltd · GANECOS

₹-13 Cr
₹14 Cr
₹16 Cr
₹44 Cr
₹13 Cr
₹20 Cr
₹21 Cr
₹15 Cr
₹3 Cr
₹3 Cr
₹13 Cr
₹22 Cr
₹23 Cr
₹27 Cr
₹30 Cr
₹24 Cr
₹11 Cr
₹0 Cr
₹5 Cr
₹23 Cr

Gravita India Ltd · GRAVITA

₹22 Cr
₹37 Cr
₹39 Cr
₹41 Cr
₹43 Cr
₹45 Cr
₹50 Cr
₹64 Cr
₹53 Cr
₹59 Cr
₹61 Cr
₹69 Cr
₹68 Cr
₹72 Cr
₹78 Cr
₹95 Cr
₹93 Cr
₹96 Cr
₹97 Cr
₹92 Cr

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
₹60 Cr
₹53 Cr
₹59 Cr
₹53 Cr
₹57 Cr
₹99 Cr
₹126 Cr
₹66 Cr

Namo eWaste Management Ltd · NAMOEWASTE

—
—
—
—
—
—
—
—
—
₹3 Cr
—
₹4 Cr
—
₹5 Cr
—
₹3 Cr
—
₹7 Cr
—
₹7 Cr

NILE Ltd · NILE

—
—
—
—
—
—
₹5 Cr
₹9 Cr
₹5 Cr
₹8 Cr
₹12 Cr
₹6 Cr
₹8 Cr
₹8 Cr
₹10 Cr
₹10 Cr
₹15 Cr
₹12 Cr
₹15 Cr
₹14 Cr

Pondy Oxides & Chemicals Ltd · POCL

₹9 Cr
₹15 Cr
₹14 Cr
₹11 Cr
₹12 Cr
₹12 Cr
₹11 Cr
₹41 Cr
₹4 Cr
₹6 Cr
₹10 Cr
₹12 Cr
₹13 Cr
₹15 Cr
₹13 Cr
₹17 Cr
₹25 Cr
₹34 Cr
₹35 Cr
₹38 Cr

Profit growth · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

—
—
—
—
—
—
—
—
—
—
0.0%
150%
-8.7%
-53%
13%
53%
9.5%
13%
-17%
-20%

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

—
—
—
—
—
—
—
—
—
—
0.0%
-67%
-95%
33%
33%
150%
300%
175%
225%
260%

Eco Recycling Ltd · 530643

—
—
—
—
—
—
—
—
—
—
50%
—
73%
34%
-17%
33%
-0.7%
-32%
-57%
225%

Ganesha Ecosphere Ltd · GANECOS

—
—
—
—
—
43%
32%
-66%
-77%
-85%
-38%
47%
667%
800%
131%
9.1%
-52%
-100%
-83%
-4.2%

Gravita India Ltd · GRAVITA

—
—
—
—
95%
22%
28%
56%
23%
31%
22%
7.8%
28%
22%
28%
38%
37%
33%
24%
-3.2%

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
-5.0%
87%
114%
25%

Namo eWaste Management Ltd · NAMOEWASTE

—
—
—
—
—
—
—
—
—
—
—
—
—
67%
—
-25%
—
40%
—
133%

NILE Ltd · NILE

—
—
—
—
—
—
—
—
—
—
140%
-33%
60%
0.0%
-17%
67%
88%
50%
50%
40%

Pondy Oxides & Chemicals Ltd · POCL

—
—
—
—
33%
-20%
-21%
273%
-67%
-50%
-9.1%
-71%
225%
150%
30%
42%
92%
127%
169%
124%
04 · not available

Capacity Spending & Returns On It

No company in this Recycling comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 9 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Mar 2026.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Namo eWaste Management Ltd has the lowest Gross debt among the 9 Recycling companies compared here, at ₹3 crore. Eco Recycling Ltd is next at ₹6 crore. Pondy Oxides & Chemicals Ltd has the lowest Net debt at ₹141 crore, so level and change sit with different companies. Its Gross debt series carries 4 reported observations across the 20-quarter window.

What the numbers say: Pondy Oxides & Chemicals Ltd has the clearest covered balance-sheet capacity with ₹141 crore and gross debt of ₹152 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderNamo eWaste Management Ltd · ₹3 crore
Gap50% versus #2 · Eco Recycling Ltd
PersistenceNot enough history
Coverage9/9 companies · 125 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Namo eWaste Management Ltd NAMOEWASTE₹3 Cr
2Eco Recycling Ltd 530643₹6 Cr
3NILE Ltd NILE₹12 Cr
4Pondy Oxides & Chemicals Ltd POCL₹152 Cr
5Bhagyanagar India Ltd BHAGYANGR⚠ unverified₹259 Cr
Net debtlowest net debt
1Pondy Oxides & Chemicals Ltd POCL₹141 Cr
2Gravita India Ltd GRAVITA₹151 Cr
3Bhagyanagar India Ltd BHAGYANGR⚠ unverified₹258 Cr
4Antony Waste Handling Cell Ltd AWHCL⚠ unverified₹336 Cr
5Ganesha Ecosphere Ltd GANECOS₹367 Cr
Debt and balance-sheet capacity · company comparison
9/9 level · 6/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Jain Resource Recycling Ltd JAINREC₹1.3K Cr₹911 CrMar 2026
Gravita India Ltd GRAVITA₹736 Cr₹151 CrMar 2026
Ganesha Ecosphere Ltd GANECOS₹496 Cr₹367 CrMar 2026
Antony Waste Handling Cell Ltd AWHCL⚠ unverified₹459 Cr₹336 CrMar 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified₹259 Cr₹258 CrMar 2026
Pondy Oxides & Chemicals Ltd POCL₹152 Cr₹141 CrMar 2026
NILE Ltd NILE₹12 Cr—Mar 2026
Eco Recycling Ltd 530643₹6 Cr—Mar 2026
Namo eWaste Management Ltd NAMOEWASTE₹3 Cr—Mar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

₹118 Cr
₹144 Cr
₹144 Cr
₹175 Cr
₹175 Cr
₹293 Cr
₹293 Cr
₹355 Cr
₹355 Cr
₹402 Cr
₹402 Cr
₹447 Cr
₹447 Cr
₹429 Cr
₹429 Cr
₹505 Cr
₹505 Cr
₹471 Cr
₹471 Cr
₹459 Cr

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

₹151 Cr
₹144 Cr
₹144 Cr
₹179 Cr
₹179 Cr
₹168 Cr
₹168 Cr
₹220 Cr
₹220 Cr
₹148 Cr
₹148 Cr
₹101 Cr
₹101 Cr
₹239 Cr
₹239 Cr
₹275 Cr
₹275 Cr
₹369 Cr
₹369 Cr
₹259 Cr

Eco Recycling Ltd · 530643

—
—
—
₹11 Cr
—
—
—
₹1 Cr
—
—
—
₹5 Cr
—
—
—
₹4 Cr
—
₹7 Cr
—
₹6 Cr

Ganesha Ecosphere Ltd · GANECOS

₹120 Cr
₹284 Cr
₹284 Cr
₹358 Cr
₹358 Cr
₹448 Cr
₹448 Cr
₹505 Cr
₹505 Cr
₹646 Cr
₹646 Cr
₹399 Cr
₹399 Cr
₹486 Cr
₹486 Cr
₹556 Cr
₹556 Cr
₹545 Cr
₹545 Cr
₹496 Cr

Gravita India Ltd · GRAVITA

₹262 Cr
₹323 Cr
₹323 Cr
₹392 Cr
₹391 Cr
₹302 Cr
₹302 Cr
₹348 Cr
₹348 Cr
₹523 Cr
₹523 Cr
₹548 Cr
₹548 Cr
₹559 Cr
₹559 Cr
₹286 Cr
₹286 Cr
₹445 Cr
₹445 Cr
₹736 Cr

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
₹739 Cr
—
—
—
₹914 Cr
₹914 Cr
₹976 Cr
—
₹928 Cr
₹928 Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr

Namo eWaste Management Ltd · NAMOEWASTE

—
—
—
—
—
—
—
—
—
—
—
₹15 Cr
—
—
—
₹3 Cr
—
₹5 Cr
—
₹3 Cr

NILE Ltd · NILE

—
—
—
₹50 Cr
—
—
—
₹16 Cr
—
—
—
₹12 Cr
—
—
—
₹22 Cr
—
₹18 Cr
—
₹12 Cr

Pondy Oxides & Chemicals Ltd · POCL

₹144 Cr
₹183 Cr
₹183 Cr
₹107 Cr
₹107 Cr
₹27 Cr
₹27 Cr
₹156 Cr
₹156 Cr
₹205 Cr
₹205 Cr
₹103 Cr
₹103 Cr
₹147 Cr
₹147 Cr
₹113 Cr
₹113 Cr
₹37 Cr
₹37 Cr
₹152 Cr

Net debt · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

₹-10 Cr
₹20 Cr
₹20 Cr
₹85 Cr
₹82 Cr
₹204 Cr
₹204 Cr
₹284 Cr
₹282 Cr
₹327 Cr
₹327 Cr
₹363 Cr
₹361 Cr
₹347 Cr
₹347 Cr
₹374 Cr
₹373 Cr
₹376 Cr
₹376 Cr
₹336 Cr

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

₹147 Cr
₹140 Cr
₹140 Cr
₹170 Cr
₹167 Cr
₹164 Cr
₹164 Cr
₹220 Cr
₹219 Cr
₹147 Cr
₹147 Cr
₹98 Cr
₹97 Cr
₹234 Cr
₹234 Cr
₹270 Cr
₹267 Cr
₹365 Cr
₹365 Cr
₹258 Cr

Ganesha Ecosphere Ltd · GANECOS

₹33 Cr
₹115 Cr
₹115 Cr
₹267 Cr
₹266 Cr
₹383 Cr
₹383 Cr
₹452 Cr
₹450 Cr
₹559 Cr
₹559 Cr
₹219 Cr
₹218 Cr
₹365 Cr
₹365 Cr
₹415 Cr
₹414 Cr
₹435 Cr
₹435 Cr
₹367 Cr

Gravita India Ltd · GRAVITA

₹242 Cr
₹288 Cr
₹288 Cr
₹445 Cr
₹358 Cr
₹277 Cr
₹277 Cr
₹392 Cr
₹309 Cr
₹386 Cr
₹386 Cr
₹548 Cr
₹433 Cr
₹336 Cr
₹336 Cr
₹-300 Cr
₹-612 Cr
₹-415 Cr
₹-415 Cr
₹151 Cr

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
₹818 Cr
₹927 Cr
—
₹894 Cr
₹894 Cr
₹-99 Cr
₹-99 Cr
₹911 Cr

Pondy Oxides & Chemicals Ltd · POCL

₹143 Cr
₹178 Cr
₹178 Cr
₹106 Cr
₹105 Cr
₹25 Cr
₹25 Cr
₹156 Cr
₹155 Cr
₹204 Cr
₹204 Cr
₹73 Cr
₹92 Cr
₹140 Cr
₹140 Cr
₹73 Cr
₹73 Cr
₹-69 Cr
₹-69 Cr
₹141 Cr
06 · compare level, then change

Return On Capital Employed

Eco Recycling Ltd has the highest ROCE among the 9 Recycling companies compared here, at 30%. Jain Resource Recycling Ltd is next at 25.5%. Bhagyanagar India Ltd has the highest ROCE change at +22 percentage points, so level and change sit with different companies. 9 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Eco Recycling Ltd leads ROCE at 30%, 4.5 percentage points above Jain Resource Recycling Ltd. Bhagyanagar India Ltd has the strongest latest improvement at +22 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderEco Recycling Ltd · 30%
Gap17.6% versus #2 · Jain Resource Recycling Ltd
PersistenceNot enough history
Coverage9/9 companies · 81 observations

Investor read: Eco Recycling Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Eco Recycling Ltd 53064330%
2Jain Resource Recycling Ltd JAINREC26%
3NILE Ltd NILE25%
4Pondy Oxides & Chemicals Ltd POCL23%
5Namo eWaste Management Ltd NAMOEWASTE21%
ROCE changefastest improvers
1Bhagyanagar India Ltd BHAGYANGR⚠ unverified+22.0 pp
2Pondy Oxides & Chemicals Ltd POCL+8.7 pp
3NILE Ltd NILE+5.0 pp
4Namo eWaste Management Ltd NAMOEWASTE+2.0 pp
5Gravita India Ltd GRAVITA+1.8 pp
Return on capital · company comparison
9/9 level · 9/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Jain Resource Recycling Ltd JAINREC34%−13.2 ppMar 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified32%+22.0 ppMar 2026
Pondy Oxides & Chemicals Ltd POCL24%+8.7 ppMar 2026
Gravita India Ltd GRAVITA18%+1.8 ppMar 2026
Antony Waste Handling Cell Ltd AWHCL⚠ unverified9.1%−0.9 ppMar 2026
Ganesha Ecosphere Ltd GANECOS4.6%−5.2 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

—
17%
—
16%
—
14%
—
12%
—
11%
15%
11%
14%
9.4%
12%
10%
15%
10%
14%
9.1%

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

—
15%
—
13%
—
9.4%
—
14%
—
14%
34%
9.4%
12%
8.7%
13%
10%
17%
17%
27%
32%

Ganesha Ecosphere Ltd · GANECOS

—
12%
—
10%
—
11%
—
11%
—
7.9%
9.5%
6.1%
10%
9.2%
14%
9.8%
10%
6.3%
6.0%
4.6%

Gravita India Ltd · GRAVITA

—
35%
—
36%
—
31%
—
27%
—
27%
40%
27%
37%
27%
33%
16%
26%
18%
26%
18%

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
—
23%
—
47%
51%
30%
52%
34%

Pondy Oxides & Chemicals Ltd · POCL

—
23%
—
31%
—
28%
—
24%
—
20%
37%
16%
23%
21%
25%
15%
22%
18%
29%
24%

ROCE change · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

—
—
—
—
—
−2.6 pp
—
−4.2 pp
—
−2.6 pp
—
−0.5 pp
—
−1.9 pp
−2.7 pp
−1.1 pp
+0.9 pp
+0.8 pp
+1.3 pp
−0.9 pp

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

—
—
—
—
—
−5.1 pp
—
+0.7 pp
—
+4.8 pp
—
−4.5 pp
—
−5.5 pp
−21.4 pp
+0.8 pp
+5.2 pp
+8.7 pp
+13.7 pp
+22.0 pp

Ganesha Ecosphere Ltd · GANECOS

—
—
—
—
—
−1.0 pp
—
+0.2 pp
—
−3.0 pp
—
−4.4 pp
—
+1.3 pp
+4.0 pp
+3.7 pp
+0.2 pp
−2.9 pp
−7.5 pp
−5.2 pp

Gravita India Ltd · GRAVITA

—
—
—
—
—
−3.8 pp
—
−9.4 pp
—
−4.0 pp
—
−0.5 pp
—
−0.1 pp
−6.3 pp
−10.2 pp
−10.9 pp
−9.5 pp
−7.0 pp
+1.8 pp

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+7.0 pp
—
−13.2 pp

Pondy Oxides & Chemicals Ltd · POCL

—
—
—
—
—
+4.9 pp
—
−7.5 pp
—
−7.4 pp
—
−7.4 pp
—
+0.4 pp
−12.1 pp
−1.6 pp
−0.2 pp
−2.2 pp
+4.5 pp
+8.7 pp
07 · compare level, then change

Valuation Against Growth & Quality

Ganesha Ecosphere Ltd has the lowest Guarded PEG among the 9 Recycling companies compared here, at 0.43×. Pondy Oxides & Chemicals Ltd is next at 0.96×. NILE Ltd has the lowest P/E at 9.79×, so level and change sit with different companies. 4 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Ganesha Ecosphere Ltd has the lowest comparable Guarded PEG at 0.43×, 55.2% below Pondy Oxides & Chemicals Ltd. Only 4 of 9 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderGanesha Ecosphere Ltd · 0.43×
Gap55.2% versus #2 · Pondy Oxides & Chemicals Ltd
Persistence0/8 recent comparable periods
Coverage4/9 companies · 22 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Ganesha Ecosphere Ltd GANECOS0.4
2Pondy Oxides & Chemicals Ltd POCL1.0
3Gravita India Ltd GRAVITA1.0
4Jain Resource Recycling Ltd JAINREC3.5
P/Elowest P/E
1NILE Ltd NILE9.8
2Antony Waste Handling Cell Ltd AWHCL⚠ unverified16.3
3Bhagyanagar India Ltd BHAGYANGR⚠ unverified26.2
4Pondy Oxides & Chemicals Ltd POCL30.3
5Jain Resource Recycling Ltd JAINREC33.4
Valuation · company comparison
4/9 level · 9/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Jain Resource Recycling Ltd JAINREC3.545.3Mar 2026
Gravita India Ltd GRAVITA1.027.1Mar 2026
Pondy Oxides & Chemicals Ltd POCL1.029.1Mar 2026
Ganesha Ecosphere Ltd GANECOS0.451.6Mar 2026
Eco Recycling Ltd 530643—27.9Mar 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified—12.6Mar 2026
Antony Waste Handling Cell Ltd AWHCL⚠ unverified—17.6Mar 2026
Namo eWaste Management Ltd NAMOEWASTE—31.1Mar 2026
NILE Ltd NILE—8.6Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Ganesha Ecosphere Ltd · GANECOS

—
—
—
0.7
—
0.3
0.4
—
—
—
—
—
—
—
—
—
—
—
—
—

Gravita India Ltd · GRAVITA

0.4
—
—
—
—
—
—
0.4
0.5
0.9
1.0
1.0
2.3
3.4
2.9
2.2
1.4
1.3
1.5
1.0

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
3.5

Pondy Oxides & Chemicals Ltd · POCL

—
—
—
—
0.2
—
—
—
—
—
—
—
—
—
1.5
3.0
—
1.0
—
—

P/E · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

24.9
20.1
15.4
13.1
11.2
11.5
10.9
8.9
13.2
16.7
20.3
19.1
16.8
23.9
25.0
20.8
27.7
23.6
21.0
17.6

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

44.8
27.1
22.9
19.1
12.8
18.5
25.9
23.3
18.0
4.7
6.7
5.3
7.5
36.0
29.3
19.8
18.3
15.4
17.9
12.6

Eco Recycling Ltd · 530643

23.4
15.2
19.4
19.0
15.4
24.0
25.1
19.5
35.6
49.5
71.1
81.6
64.8
82.3
77.3
56.8
51.3
49.9
43.0
27.9

Ganesha Ecosphere Ltd · GANECOS

26.6
18.3
17.9
26.8
14.3
15.6
21.6
18.8
34.0
36.1
50.1
62.6
81.3
75.5
60.2
39.1
36.2
33.2
34.8
51.6

Gravita India Ltd · GRAVITA

16.5
19.2
21.1
20.5
12.8
13.8
18.5
18.7
20.8
29.8
33.8
29.5
42.6
70.1
58.1
45.0
43.1
33.5
38.2
27.1

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
21.9
45.3

Namo eWaste Management Ltd · NAMOEWASTE

—
—
—
—
—
—
—
—
—
—
—
—
—
48.0
—
37.7
—
44.3
—
31.1

NILE Ltd · NILE

10.5
8.0
6.4
7.2
4.8
7.8
8.8
7.4
9.9
9.9
9.8
11.4
12.8
19.8
16.4
13.5
12.9
12.6
10.6
8.6

Pondy Oxides & Chemicals Ltd · POCL

9.3
7.8
6.2
8.2
6.3
14.2
9.4
4.6
8.9
12.8
16.2
20.3
30.5
59.7
44.3
31.3
39.3
47.0
48.2
29.1
08 · compare level, then change

Enterprise Value & Book Value

NILE Ltd has the lowest EV/EBITDA among the 9 Recycling companies compared here, at 5.8×. Antony Waste Handling Cell Ltd is next at 6.7×. Antony Waste Handling Cell Ltd has the lowest P/BV at 1.67×, so level and change sit with different companies. 9 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: NILE Ltd leads ev/ebitda at 5.8×; Antony Waste Handling Cell Ltd leads p/bv at 1.67×.

LeaderNILE Ltd · 5.8×
Gap13.4% versus #2 · Antony Waste Handling Cell Ltd
Persistence0/8 recent comparable periods
Coverage9/9 companies · 146 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1NILE Ltd NILE5.8
2Antony Waste Handling Cell Ltd AWHCL⚠ unverified6.7
3Bhagyanagar India Ltd BHAGYANGR⚠ unverified9.4
4Ganesha Ecosphere Ltd GANECOS16.1
5Namo eWaste Management Ltd NAMOEWASTE16.5
P/BVlowest P/BV
1Antony Waste Handling Cell Ltd AWHCL⚠ unverified1.7
2NILE Ltd NILE1.7
3Ganesha Ecosphere Ltd GANECOS2.5
4Bhagyanagar India Ltd BHAGYANGR⚠ unverified5.1
5Pondy Oxides & Chemicals Ltd POCL5.1
Enterprise and book valuation · company comparison
9/9 level · 9/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Jain Resource Recycling Ltd JAINREC27.511.5Mar 2026
Gravita India Ltd GRAVITA20.44.6Mar 2026
Pondy Oxides & Chemicals Ltd POCL17.64.8Mar 2026
Eco Recycling Ltd 53064317.34.8Mar 2026
Namo eWaste Management Ltd NAMOEWASTE16.53.3Mar 2026
Ganesha Ecosphere Ltd GANECOS16.11.7Mar 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified9.42.0Mar 2026
Antony Waste Handling Cell Ltd AWHCL⚠ unverified6.71.6Mar 2026
NILE Ltd NILE5.81.5Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

9.3
7.9
6.1
5.2
4.7
6.1
6.0
4.5
5.8
7.8
9.3
8.3
8.6
11.7
10.7
9.1
10.1
8.7
7.7
6.7

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

12.1
13.1
10.9
9.9
8.8
10.5
11.7
11.0
9.8
5.6
5.9
5.0
7.4
12.8
14.9
11.9
8.3
10.5
12.3
9.4

Eco Recycling Ltd · 530643

19.1
13.9
17.4
17.3
14.0
19.7
20.9
15.9
28.7
37.6
53.0
57.6
48.7
62.5
58.5
43.5
35.5
35.0
29.6
17.3

Ganesha Ecosphere Ltd · GANECOS

13.2
10.2
11.1
15.1
9.1
12.1
15.7
13.3
19.1
18.7
20.6
22.4
26.5
28.0
26.9
19.3
17.5
16.8
15.1
16.1

Gravita India Ltd · GRAVITA

9.5
11.5
14.4
14.6
9.2
10.1
13.1
13.6
15.6
21.5
24.3
20.8
29.0
48.9
43.8
34.5
32.8
24.1
28.3
20.4

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
30.9
27.5

Namo eWaste Management Ltd · NAMOEWASTE

—
—
—
—
—
—
—
—
—
—
—
—
—
39.7
—
28.6
—
24.8
—
16.5

NILE Ltd · NILE

6.6
6.2
5.0
5.4
4.2
5.0
5.6
6.0
7.6
6.5
6.9
8.1
8.7
13.1
11.0
8.9
8.4
8.6
7.0
5.8

Pondy Oxides & Chemicals Ltd · POCL

8.8
7.1
6.3
7.5
5.4
10.9
6.7
4.9
7.6
9.2
10.7
12.5
15.8
31.5
27.1
19.4
24.5
28.9
28.9
17.6

P/BV · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

2.8
3.2
2.4
2.0
2.2
1.8
1.9
1.7
2.1
2.2
2.6
2.5
3.0
3.6
2.9
2.5
3.2
2.4
2.1
1.6

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

1.4
1.2
1.2
1.1
1.0
1.0
1.1
1.1
1.3
1.5
1.8
1.4
2.3
1.8
1.6
1.2
1.3
1.5
2.2
2.0

Eco Recycling Ltd · 530643

4.4
4.4
4.8
5.3
6.0
4.3
5.3
4.3
4.4
8.6
12.7
17.1
25.2
26.6
22.3
15.9
17.9
12.9
8.7
4.8

Ganesha Ecosphere Ltd · GANECOS

2.4
2.1
2.2
3.0
2.4
2.3
3.3
3.2
4.1
3.4
3.3
3.4
4.8
4.5
4.7
3.6
3.5
2.6
1.9
1.7

Gravita India Ltd · GRAVITA

3.9
5.0
6.2
7.5
6.6
4.7
6.7
8.7
10.8
10.7
11.3
10.3
17.3
21.3
16.8
14.6
15.5
5.6
6.1
4.6

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
10.5
11.5

Namo eWaste Management Ltd · NAMOEWASTE

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
4.1
—
4.2
—
3.3

NILE Ltd · NILE

1.0
1.0
0.9
1.1
0.7
1.1
0.9
0.8
1.3
1.1
1.2
1.8
2.0
2.9
2.3
1.8
2.0
2.0
1.7
1.5

Pondy Oxides & Chemicals Ltd · POCL

1.0
1.3
1.4
1.9
1.5
3.0
1.8
1.5
1.8
2.0
2.2
2.7
3.6
7.0
5.9
4.6
6.0
5.5
6.5
4.8
09 · let price answer last

Market action

Bhagyanagar India Ltd has the strongest one-year price move in Recycling at +281%. It also leads on Mansfield relative strength against NIFTY at +118.7%. 7 of 8 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Recycling comparison names 6 specific ways its own evidence can mislead, all listed below. All 9 companies here report on comparable dates, so no rank carries a stale marker. 2 draw at least one figure from a second feed with too little overlap to cross-check. 1 of the 8 ranked sections has fewer than three usable current readings.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 2 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • Thin comparisons: Capital expenditure have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 9 companies in the canonical Recycling membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Gravita India Ltd GRAVITAAHEAD₹13.1K Cr₹1,7762026-07-19Mar 2026Cross-checked
Jain Resource Recycling Ltd JAINREC₹11.8K Cr₹3412026-07-19Mar 2026Cross-checked
Pondy Oxides & Chemicals Ltd POCLAHEAD₹4.0K Cr₹5262026-07-19Mar 2026Cross-checked
Ganesha Ecosphere Ltd GANECOSAHEAD18/26 WEEKS₹3.2K Cr₹1,2092026-07-19Mar 2026Cross-checked
Bhagyanagar India Ltd BHAGYANGRAHEAD26/26 WEEKS⚠ unverified₹1.3K Cr₹4112026-07-19Mar 2026Includes unverified figures
Antony Waste Handling Cell Ltd AWHCL⚠ unverified₹1.2K Cr₹4332026-07-19Mar 2026Includes unverified figures
Eco Recycling Ltd 530643AHEAD₹977 Cr₹5062026-07-19Mar 2026Primary source only
Namo eWaste Management Ltd NAMOEWASTEAHEAD₹636 Cr₹2782026-07-19Mar 2026Primary source only
NILE Ltd NILE₹541 Cr₹1,8032026-07-19Mar 2026Primary source only
How each company's sources stand: 2 of 9 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 9 Recycling companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing4 cross-checked · 5 unverified · 0 withheld, of 9 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Recycling company comparison FAQs

These 18 answers restate the Recycling comparison above in question form. Every one is computed from the same 9 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Recycling index?

The Nifty Recycling index tracks India's listed Recycling companies as a single basket. This page follows the same 9 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Recycling sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Recycling stocks in India?

Ranked by this page's four-factor score, Bhagyanagar India Ltd places first among 9 listed Recycling companies, followed by Pondy Oxides & Chemicals Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Recycling stocks are listed in India?

This comparison covers 9 listed Recycling companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

Which Recycling company is the biggest?

Jain Resource Recycling Ltd is the largest, with trailing-twelve-month revenue of ₹9,543 crore, ahead of Gravita India Ltd at ₹4,266 crore. That covers 8 of 9 companies with comparable reporting through Mar 2026.

Which Recycling company is growing fastest?

Jain Resource Recycling Ltd has the fastest revenue growth at 48.4% year on year, across 8 of 9 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Recycling company has the best profit margins?

Eco Recycling Ltd has the highest operating margin at 69.5%, from 9 of 9 comparable companies. Bhagyanagar India Ltd shows the biggest recent improvement, at +3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Recycling company makes the most profit?

Gravita India Ltd earns the most, at ₹378 crore of trailing-twelve-month net profit, from 8 of 9 comparable companies. Bhagyanagar India Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Recycling company earns the highest return on capital?

Eco Recycling Ltd leads on return on capital employed at 30%, across 9 of 9 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Recycling stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Ganesha Ecosphere Ltd screens cheapest at 0.43×. Only 4 of 9 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Recycling company has the strongest balance sheet?

Namo eWaste Management Ltd carries the lowest comparable gross debt at ₹3 crore, from 9 of 9 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Recycling stock has the strongest price momentum?

Bhagyanagar India Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Recycling company scores highest for research priority?

Bhagyanagar India Ltd scores 75.1 out of 100 with 80% evidence confidence, from 32.1 points on growth and earnings, 12.2 on capital efficiency, 10.8 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Recycling companies does this comparison cover, and over what period?

It compares 9 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Recycling sector?

The 9 Recycling companies on this page carry ₹36,827 crore of combined market value. Gravita India Ltd is the largest at ₹13,106 crore, about 36% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the Recycling sector's P/E ratio?

The median price-to-earnings ratio across the 9 Recycling companies on this page is 33.4×, measured on the 9 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

How is the Recycling sector performing?

7 of the 8 covered Recycling companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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