20-quarter listed-company comparison

Recycling Stocks in India

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

The 9 Recycling companies listed in India are Gravita India Ltd (₹12.3K Cr, the largest), Jain Resource Recycling Ltd, Pondy Oxides & Chemicals Ltd and 6 more. 4 of 8 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.

All 9 Recycling Stocks in India (Sep 2026) — ranked by 4-Factor score

1Bhagyanagar India Ltd₹1.4K Cr69.3/100Favorable setup · strongest on ROCE improvement and relative strength versus sector
2Namo eWaste Management Ltd₹650 Cr63.2/100Thin evidence · provisional · strongest on relative strength versus sector and margin improvement
3NILE Ltd₹464 Cr55.5/100Mixed-positive evidence · strongest on ROCE and ROCE improvement
4Pondy Oxides & Chemicals Ltd₹3.5K Cr54.0/100Mixed-positive evidence · strongest on profit growth and ROCE improvement
5Gravita India Ltd₹12.3K Cr50.8/100Mixed-positive evidence · strongest on PEG and 13-week relative-strength change
6Eco Recycling Ltd₹840 Cr48.0/100Mixed-negative evidence · strongest on ROCE and operating margin
7Jain Resource Recycling Ltd₹9.8K Cr47.7/100Mixed-negative evidence · strongest on ROCE and revenue growth
8Antony Waste Handling Cell Ltd₹1.0K Cr39.8/100Mixed-negative evidence · strongest on own-history P/E and financial resilience
9Ganesha Ecosphere Ltd₹2.7K Cr34.5/100Adverse evidence · strongest on PEG and margin improvement

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 11 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Recycling Index — Constituents & Performance

All 9 listed Indian Recycling companies are named here, largest first — the same constituent set people search for as the Nifty Recycling index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

02 · the sector itself · before any single company

How has Recycling moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 1% ahead of NIFTY 500. Earnings across its companies grew 15% on average over the last four reported quarters.

TURNING · ahead 2w~Moving with the index4 of the 8 companies with a long enough price record ahead of NIFTY 500 by 5% or more over three months

RS ↑2w · 5/8 >200d (+0) · 4/8 lead (+2) · EPS 5/8↑

Recycling, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

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 8 of its 9 companies — the 1 with too short a price record are ranked in the scorecard but cannot sit in this line. 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.

03 · sector relative strength, before individual stocks

Is Recycling outperforming NIFTY 500?

Recycling has outperformed NIFTY 500 by 16.4% over the last 52 weeks. Over 13 weeks the gap is a lead of 5.3%. 4 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 +79.9%. Readings are as of 2026-08-22.

+5.3%Sector vs NIFTY 500 · 13 weeks

+16.4%Sector vs NIFTY 500 · 52 weeks

4/8Stocks leading NIFTY 500

3/8Stocks leading sector

Sector metric: 28.2 as of 2026-08-22 · LEADERS · rising.

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

Recycling has outperformed NIFTY 500 by 16.4% over 52 weeks and 5.3% over 13 weeks. 4 of 8 covered companies beat NIFTY on Mansfield relative strength, while 3 of 8 beat the sector itself. Jain Resource Recycling Ltd leads with revenue of ₹10,718 crore, based on 8 of 9 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

₹32.7K Cr

Gravita India Ltd

Revenue growing

8/8

positive TTM year-on-year growth

Beating NIFTY 500

4/8

positive Mansfield relative strength

Comparing 5 of 9

04 · 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 87% 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.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Bhagyanagar India LtdBHAGYANGR	69.3/100Favorable setup87% evidence	LEADER	30.7/35 Revenue 49.1% · PAT 100% · OPM change 1.7 pp 95% evidence	14.7/25 ROCE 20.7% · OPM 5% 95% evidence	9.9/20 P/E 22.5× · PEG — 50% evidence	14.0/20 RS sector 79.9% · RS bench 88.7% · 1Y 356.3%12 of 12 weeks ahead 100% evidence
Exact sum: 30.7 + 14.7 + 9.9 + 14 = 69.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Namo eWaste Management LtdNAMOEWASTE	63.2/100Thin evidence · provisional56% evidence	LEADER	20.1/35 Revenue — · PAT — · OPM change 3 pp 26% evidence	15.5/25 ROCE 21.3% · OPM 11% 95% evidence	8.9/20 P/E 45.3× · PEG — 15% evidence	18.7/20 RS sector 27.9% · RS bench 37.3% · 1Y 51.4%12 of 12 weeks ahead 100% evidence
Exact sum: 20.1 + 15.5 + 8.9 + 18.7 = 63.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3NILE LtdNILE	55.5/100Mixed-positive evidence81% evidence		17.5/35 Revenue 17% · PAT 12.1% · OPM change -5.3 pp 95% evidence	16.3/25 ROCE 25.3% · OPM 3.8% 95% evidence	11.5/20 P/E 9.6× · PEG — 50% evidence	10.2/20 RS sector 3.2% · RS bench -12.1% · 1Y -22.7%4 of 5 weeks ahead to 2026-08-09 70% evidence
Exact sum: 17.5 + 16.3 + 11.5 + 10.2 = 55.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Pondy Oxides & Chemicals LtdPOCL	54.0/100Mixed-positive evidence100% evidence	BASING	27.6/35 Revenue 48.5% · PAT 100% · OPM change -1 pp 100% evidence	13.6/25 ROCE 23.4% · OPM 6% 100% evidence	9.4/20 P/E 24.2× · PEG 2.37 100% evidence	3.4/20 RS sector -17.7% · RS bench -10.5% · 1Y -9.6%5 of 12 weeks ahead 100% evidence
Exact sum: 27.6 + 13.6 + 9.4 + 3.4 = 54 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -17.7% and the one-year return is -9.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
5Gravita India LtdGRAVITA	50.8/100Mixed-positive evidence100% evidence	BREAKING OUT	17.6/35 Revenue 17.5% · PAT 15.7% · OPM change -3 pp 100% evidence	10.3/25 ROCE 17% · OPM 7% 100% evidence	10.6/20 P/E 31.4× · PEG 1 100% evidence	12.3/20 RS sector -6.7% · RS bench 1.6% · 1Y -1.5%8 of 12 weeks ahead 100% evidence
Exact sum: 17.6 + 10.3 + 10.6 + 12.3 = 50.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Eco Recycling LtdECORECO	48.0/100Mixed-negative evidence76% evidence		13.5/35 Revenue 31.9% · PAT 3.2% · OPM change 1.5 pp 95% evidence	19.4/25 ROCE 30.8% · OPM 56.3% 76% evidence	10.1/20 P/E 35× · PEG — 50% evidence	5.0/20 RS sector -36.6% · RS bench -1.5% · 1Y -25.5%0 of 12 weeks ahead 70% evidence
Exact sum: 13.5 + 19.4 + 10.1 + 5 = 48 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Jain Resource Recycling LtdJAINREC	47.7/100Mixed-negative evidence73% evidence	ASLEEP	18.3/35 Revenue 65.3% · PAT 62.2% · OPM change -2 pp 100% evidence	14.4/25 ROCE 25.7% · OPM 4% 100% evidence	5.0/20 P/E 27× · PEG 3.48 65% evidence	10.0/20 RS sector — · RS bench — · 1Y -6.5%0 of 12 weeks ahead 0% evidence
Exact sum: 18.3 + 14.4 + 5 + 10 = 47.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Antony Waste Handling Cell LtdAWHCL	39.8/100Mixed-negative evidence81% evidence	BASING	8.8/35 Revenue 11.8% · PAT -32% · OPM change -8 pp 95% evidence	12.5/25 ROCE 11.2% · OPM 14.3% 95% evidence	13.8/20 P/E 17.8× · PEG — 50% evidence	4.7/20 RS sector -20.3% · RS bench -22.3% · 1Y -36.5%1 of 10 weeks ahead 70% evidence
Exact sum: 8.8 + 12.5 + 13.8 + 4.7 = 39.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
9Ganesha Ecosphere LtdGANECOS	34.5/100Adverse evidence94% evidence	BREAKING OUT	10.2/35 Revenue 7% · PAT -38% · OPM change 3 pp 100% evidence	5.5/25 ROCE 5.6% · OPM 14% 100% evidence	10.9/20 P/E 48.1× · PEG 0.43 100% evidence	7.9/20 RS sector -29.3% · RS bench 5.2% · 1Y -24.2%7 of 10 weeks ahead 70% evidence
Exact sum: 10.2 + 5.5 + 10.9 + 7.9 = 34.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

05 · what price has already done

Market action

Bhagyanagar India Ltd has the strongest one-year price move in Recycling at +356.3%. It also leads on Mansfield relative strength against NIFTY at +88.7%. 4 of 8 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · the story behind the numbers

Recycling — the story behind the numbers

This is the written read behind the Recycling figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 3 themes are live here, 1 of them rated high severity.

The Recycling sector, represented by NILE Ltd for this reporting period, displays mixed performance metrics. NILE reported Q4 FY26 revenue of ₹229.78 Cr, marking a 20.95% increase year-on-year but a 21.15% decline quarter-on-quarter. Consolidated net profit surged 41.3% YoY to ₹13.72 Cr, though it declined 8.29% sequentially.

How old this read is: This read comes from our Recycling sector brief dated 28 Jul 2026 — 51 days old. The numbers above it are newer than the words here.

What is live in this sector right now

Live theme	Severity	Evidence on file
Profitability margins are exposed to lead price volatility as non-ferrous metals form 90% of the overall cost structure.Named for NILE	high	Company employs professional consultants to monitor and hedge volatile commodity prices.
Revenue and raw material pricing linked to LME USD rates creates forex exposure on imports and sales realization.Named for NILE	medium	Annual agreements with key customers link pricing to LME USD per tonne plus premium.
Lead recycling process must adhere to rigorous pollution control norms under Battery Waste Management Rules 2022.Named for NILE	medium	Nile ensures all regulatory certifications and inspections are in place with valid licenses.

Sources: our Recycling sector brief, 28 Jul 2026.

07 · compare level, then change

Revenue Scale & Growth Durability

Jain Resource Recycling Ltd has the highest Revenue among the 9 Recycling companies compared here, at ₹10,718 crore. Gravita India Ltd is next at ₹4,701 crore. The same company also holds the highest Revenue growth, at 65.3%. 8 of 9 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Jain Resource Recycling Ltd is the scale leader at ₹10,718 crore, 128% ahead of Gravita India Ltd. Jain Resource Recycling Ltd's growth is 65.3% from a ₹10,718 crore base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderJain Resource Recycling Ltd · ₹10,718 crore

Gap128% versus #2 · Gravita India Ltd

Persistence5/5 recent comparable periods

Coverage8/9 companies · 135 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₹10.7K Cr

2Gravita India Ltd GRAVITA₹4.7K Cr

3Pondy Oxides & Chemicals Ltd POCL₹3.3K Cr

4Bhagyanagar India Ltd BHAGYANGR⚠ unverified₹2.6K Cr

5Ganesha Ecosphere Ltd GANECOS₹1.6K Cr

Revenue growthfastest growers

1Jain Resource Recycling Ltd JAINREC65%

2Bhagyanagar India Ltd BHAGYANGR⚠ unverified49%

3Pondy Oxides & Chemicals Ltd POCL49%

4Eco Recycling Ltd ECORECO32%

5Gravita India Ltd GRAVITA18%

Revenue · company comparison

8/9 level · 8/9 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Jain Resource Recycling Ltd JAINREC	₹2.7K Cr	76%	Jun 2026
Gravita India Ltd GRAVITA	₹1.5K Cr	42%	Jun 2026
Pondy Oxides & Chemicals Ltd POCL	₹935 Cr	55%	Jun 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified	₹705 Cr	45%	Jun 2026
Ganesha Ecosphere Ltd GANECOS	₹424 Cr	26%	Jun 2026
NILE Ltd NILE	₹281 Cr	14%	Jun 2026
Antony Waste Handling Cell Ltd AWHCL⚠ unverified	₹261 Cr	5.5%	Jun 2026
Namo eWaste Management Ltd NAMOEWASTE	₹107 Cr	29%	Mar 2026
Eco Recycling Ltd ECORECO	₹16 Cr	75%	Jun 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹218 Cr

Mar 2023₹202 Cr

Jun 2023₹222 Cr

Sep 2023₹224 Cr

Dec 2023₹217 Cr

Mar 2024₹210 Cr

Jun 2024₹227 Cr

Sep 2024₹221 Cr

Dec 2024₹243 Cr

Mar 2025₹243 Cr

Jun 2025₹247 Cr

Sep 2025₹258 Cr

Dec 2025₹262 Cr

Mar 2026₹286 Cr

Jun 2026₹261 Cr

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹430 Cr

Mar 2023₹663 Cr

Jun 2023₹346 Cr

Sep 2023₹340 Cr

Dec 2023₹335 Cr

Mar 2024₹409 Cr

Jun 2024₹369 Cr

Sep 2024₹408 Cr

Dec 2024₹394 Cr

Mar 2025₹454 Cr

Jun 2025₹486 Cr

Sep 2025₹580 Cr

Dec 2025₹577 Cr

Mar 2026₹735 Cr

Jun 2026₹705 Cr

Eco Recycling Ltd · ECORECO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹4 Cr

Mar 2023₹5 Cr

Jun 2023₹5 Cr

Sep 2023₹7 Cr

Dec 2023₹7 Cr

Mar 2024₹8 Cr

Jun 2024₹11 Cr

Sep 2024₹13 Cr

Dec 2024₹10 Cr

Mar 2025₹10 Cr

Jun 2025₹9 Cr

Sep 2025₹14 Cr

Dec 2025₹6 Cr

Mar 2026₹19 Cr

Jun 2026₹16 Cr

Ganesha Ecosphere Ltd · GANECOS

Sep 2021₹248 Cr

Dec 2021₹288 Cr

Mar 2022₹287 Cr

Jun 2022₹293 Cr

Sep 2022₹313 Cr

Dec 2022₹273 Cr

Mar 2023₹302 Cr

Jun 2023₹254 Cr

Sep 2023₹278 Cr

Dec 2023₹285 Cr

Mar 2024₹306 Cr

Jun 2024₹337 Cr

Sep 2024₹387 Cr

Dec 2024₹398 Cr

Mar 2025₹344 Cr

Jun 2025₹337 Cr

Sep 2025₹363 Cr

Dec 2025₹357 Cr

Mar 2026₹424 Cr

Jun 2026₹424 Cr

Gravita India Ltd · GRAVITA

Sep 2021₹546 Cr

Dec 2021₹557 Cr

Mar 2022₹666 Cr

Jun 2022₹580 Cr

Sep 2022₹683 Cr

Dec 2022₹789 Cr

Mar 2023₹749 Cr

Jun 2023₹703 Cr

Sep 2023₹836 Cr

Dec 2023₹758 Cr

Mar 2024₹863 Cr

Jun 2024₹908 Cr

Sep 2024₹927 Cr

Dec 2024₹996 Cr

Mar 2025₹1.0K Cr

Jun 2025₹1.0K Cr

Sep 2025₹1.0K Cr

Dec 2025₹1.0K Cr

Mar 2026₹1.2K Cr

Jun 2026₹1.5K Cr

Jain Resource Recycling Ltd · JAINREC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹1.5K Cr

Sep 2024₹1.4K Cr

Dec 2024₹1.8K Cr

Mar 2025₹1.8K Cr

Jun 2025₹1.5K Cr

Sep 2025₹2.1K Cr

Dec 2025₹2.8K Cr

Mar 2026₹3.1K Cr

Jun 2026₹2.7K Cr

Namo eWaste Management Ltd · NAMOEWASTE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023₹36 Cr

Dec 2023—

Mar 2024₹65 Cr

Jun 2024—

Sep 2024₹67 Cr

Dec 2024—

Mar 2025₹83 Cr

Jun 2025—

Sep 2025₹87 Cr

Dec 2025—

Mar 2026₹107 Cr

Jun 2026—

NILE Ltd · NILE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹216 Cr

Mar 2023₹217 Cr

Jun 2023₹161 Cr

Sep 2023₹251 Cr

Dec 2023₹252 Cr

Mar 2024₹174 Cr

Jun 2024₹245 Cr

Sep 2024₹252 Cr

Dec 2024₹233 Cr

Mar 2025₹190 Cr

Jun 2025₹245 Cr

Sep 2025₹274 Cr

Dec 2025₹291 Cr

Mar 2026₹230 Cr

Jun 2026₹281 Cr

Pondy Oxides & Chemicals Ltd · POCL

Sep 2021₹400 Cr

Dec 2021₹414 Cr

Mar 2022₹397 Cr

Jun 2022₹364 Cr

Sep 2022₹301 Cr

Dec 2022₹374 Cr

Mar 2023₹437 Cr

Jun 2023₹325 Cr

Sep 2023₹397 Cr

Dec 2023₹457 Cr

Mar 2024₹363 Cr

Jun 2024₹445 Cr

Sep 2024₹579 Cr

Dec 2024₹509 Cr

Mar 2025₹524 Cr

Jun 2025₹603 Cr

Sep 2025₹640 Cr

Dec 2025₹780 Cr

Mar 2026₹935 Cr

Jun 2026₹935 Cr

Revenue growth · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-0.4%

Mar 20244.0%

Jun 20242.2%

Sep 2024-1.4%

Dec 202412%

Mar 202516%

Jun 20259.0%

Sep 202516%

Dec 20258.1%

Mar 202618%

Jun 20265.5%

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-22%

Mar 2024-38%

Jun 20246.7%

Sep 202420%

Dec 202418%

Mar 202511%

Jun 202532%

Sep 202542%

Dec 202546%

Mar 202662%

Jun 202645%

Eco Recycling Ltd · ECORECO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023104%

Mar 202463%

Jun 2024112%

Sep 202481%

Dec 202433%

Mar 202521%

Jun 2025-19%

Sep 202512%

Dec 2025-40%

Mar 202690%

Jun 202675%

Ganesha Ecosphere Ltd · GANECOS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202248%

Sep 202226%

Dec 2022-5.4%

Mar 20235.2%

Jun 2023-13%

Sep 2023-11%

Dec 20234.6%

Mar 20241.3%

Jun 202433%

Sep 202439%

Dec 202440%

Mar 202512%

Jun 20250.0%

Sep 2025-6.2%

Dec 2025-10%

Mar 202623%

Jun 202626%

Gravita India Ltd · GRAVITA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202230%

Sep 202225%

Dec 202242%

Mar 202312%

Jun 202321%

Sep 202322%

Dec 2023-3.9%

Mar 202415%

Jun 202429%

Sep 202411%

Dec 202431%

Mar 202520%

Jun 202515%

Sep 202512%

Dec 20252.1%

Mar 202613%

Jun 202642%

Jain Resource Recycling Ltd · JAINREC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20253.5%

Sep 202552%

Dec 202556%

Mar 202676%

Jun 202676%

Namo eWaste Management Ltd · NAMOEWASTE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202486%

Dec 2024—

Mar 202528%

Jun 2025—

Sep 202530%

Dec 2025—

Mar 202629%

Jun 2026—

NILE Ltd · NILE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202316%

Mar 2024-20%

Jun 202452%

Sep 20240.4%

Dec 2024-7.6%

Mar 20259.1%

Jun 2025-0.0%

Sep 20258.9%

Dec 202525%

Mar 202621%

Jun 202614%

Pondy Oxides & Chemicals Ltd · POCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202249%

Sep 2022-25%

Dec 2022-9.7%

Mar 202310%

Jun 2023-11%

Sep 202332%

Dec 202322%

Mar 2024-17%

Jun 202437%

Sep 202446%

Dec 202411%

Mar 202544%

Jun 202536%

Sep 202511%

Dec 202553%

Mar 202678%

Jun 202655%

08 · compare level, then change

Operating Economics & Margin Trend

Eco Recycling Ltd has the highest OPM among the 9 Recycling companies compared here, at 56.3%. Antony Waste Handling Cell Ltd is next at 14.3%. Ganesha Ecosphere 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 Jun 2026.

What the numbers say: Eco Recycling Ltd leads opm at 56.3%; Ganesha Ecosphere Ltd leads margin change at +3 percentage points.

LeaderEco Recycling Ltd · 56.3%

Gap293.7% versus #2 · Antony Waste Handling Cell Ltd

Persistence3/8 recent comparable periods

Coverage9/9 companies · 155 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 ECORECO56%

2Antony Waste Handling Cell Ltd AWHCL⚠ unverified14%

3Ganesha Ecosphere Ltd GANECOS14%

4Namo eWaste Management Ltd NAMOEWASTE11%

5Gravita India Ltd GRAVITA7.0%

Margin changefastest expanders

1Ganesha Ecosphere Ltd GANECOS+3.0 pp

2Namo eWaste Management Ltd NAMOEWASTE+3.0 pp

3Bhagyanagar India Ltd BHAGYANGR⚠ unverified+1.7 pp

4Eco Recycling Ltd ECORECO+1.5 pp

5Pondy Oxides & Chemicals Ltd POCL−1.0 pp

Operating margin · company comparison

9/9 level · 9/9 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Eco Recycling Ltd ECORECO	56%	+1.5 pp	Jun 2026
Antony Waste Handling Cell Ltd AWHCL⚠ unverified	14%	−8.0 pp	Jun 2026
Ganesha Ecosphere Ltd GANECOS	14%	+3.0 pp	Jun 2026
Namo eWaste Management Ltd NAMOEWASTE	11%	+3.0 pp	Mar 2026
Gravita India Ltd GRAVITA	7.0%	−3.0 pp	Jun 2026
Pondy Oxides & Chemicals Ltd POCL	6.0%	−1.0 pp	Jun 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified	5.0%	+1.7 pp	Jun 2026
Jain Resource Recycling Ltd JAINREC	4.0%	−2.0 pp	Jun 2026
NILE Ltd NILE	3.8%	−5.3 pp	Jun 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

Sep 202124%

Dec 202120%

Mar 202222%

Jun 202219%

Sep 202221%

Dec 202214%

Mar 202316%

Jun 202321%

Sep 202323%

Dec 202320%

Mar 202417%

Jun 202422%

Sep 202419%

Dec 202421%

Mar 202521%

Jun 202522%

Sep 202520%

Dec 202516%

Mar 202620%

Jun 202614%

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

Sep 20212.3%

Dec 20211.7%

Mar 20221.6%

Jun 20221.4%

Sep 20221.6%

Dec 20222.0%

Mar 20232.0%

Jun 20231.8%

Sep 20232.3%

Dec 20232.5%

Mar 20242.0%

Jun 20241.8%

Sep 20242.0%

Dec 20242.8%

Mar 20252.5%

Jun 20253.3%

Sep 20254.3%

Dec 20255.0%

Mar 20264.9%

Jun 20265.0%

Eco Recycling Ltd · ECORECO

Sep 202125%

Dec 2021-41%

Mar 202224%

Jun 202266%

Sep 202244%

Dec 202246%

Mar 2023-60%

Jun 202360%

Sep 202360%

Dec 202370%

Mar 202446%

Jun 202472%

Sep 202472%

Dec 202467%

Mar 202571%

Jun 202555%

Sep 202550%

Dec 202560%

Mar 202669%

Jun 202656%

Ganesha Ecosphere Ltd · GANECOS

Sep 202111%

Dec 202111%

Mar 202211%

Jun 20229.2%

Sep 202211%

Dec 202212%

Mar 202311%

Jun 202310%

Sep 20239.0%

Dec 202314%

Mar 202415%

Jun 202414%

Sep 202414%

Dec 202414%

Mar 202515%

Jun 202511%

Sep 20256.0%

Dec 20259.0%

Mar 202612%

Jun 202614%

Gravita India Ltd · GRAVITA

Sep 20219.2%

Dec 20219.7%

Mar 202210%

Jun 20222.7%

Sep 20228.6%

Dec 202210%

Mar 20238.0%

Jun 20238.0%

Sep 20239.0%

Dec 202311%

Mar 20248.0%

Jun 202410%

Sep 20247.0%

Dec 20248.0%

Mar 20259.0%

Jun 202510%

Sep 202510%

Dec 202512%

Mar 202610%

Jun 20267.0%

Jain Resource Recycling Ltd · JAINREC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20246.0%

Sep 20246.0%

Dec 20245.0%

Mar 20255.0%

Jun 20256.0%

Sep 20258.0%

Dec 20257.0%

Mar 20263.5%

Jun 20264.0%

Namo eWaste Management Ltd · NAMOEWASTE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202313%

Dec 2023—

Mar 202410%

Jun 2024—

Sep 202410%

Dec 2024—

Mar 20258.0%

Jun 2025—

Sep 202512%

Dec 2025—

Mar 202611%

Jun 2026—

NILE Ltd · NILE

Sep 20216.2%

Dec 20215.1%

Mar 20225.3%

Jun 20226.1%

Sep 20222.2%

Dec 20224.0%

Mar 20236.0%

Jun 20234.7%

Sep 20234.8%

Dec 20236.8%

Mar 20245.4%

Jun 20245.3%

Sep 20245.0%

Dec 20246.7%

Mar 20257.9%

Jun 20259.1%

Sep 20256.4%

Dec 20257.4%

Mar 20267.1%

Jun 20263.8%

Pondy Oxides & Chemicals Ltd · POCL

Sep 20216.2%

Dec 20215.8%

Mar 20223.6%

Jun 20224.9%

Sep 20225.8%

Dec 20225.0%

Mar 20235.0%

Jun 20233.9%

Sep 20234.0%

Dec 20235.0%

Mar 20245.0%

Jun 20245.0%

Sep 20245.0%

Dec 20245.0%

Mar 20255.0%

Jun 20257.0%

Sep 20258.0%

Dec 20257.0%

Mar 20266.0%

Jun 20266.0%

Margin change · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

Sep 2021−0.5 pp

Dec 2021−6.7 pp

Mar 2022−0.3 pp

Jun 2022−7.0 pp

Sep 2022−3.9 pp

Dec 2022−5.7 pp

Mar 2023−6.1 pp

Jun 2023+2.4 pp

Sep 2023+2.3 pp

Dec 2023+6.3 pp

Mar 2024+1.2 pp

Jun 2024+0.7 pp

Sep 2024−3.6 pp

Dec 2024+1.1 pp

Mar 2025+3.8 pp

Jun 2025+0.5 pp

Sep 2025+0.4 pp

Dec 2025−5.1 pp

Mar 2026−1.1 pp

Jun 2026−8.0 pp

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

Sep 2021−0.2 pp

Dec 2021−0.2 pp

Mar 2022−0.6 pp

Jun 2022−0.9 pp

Sep 2022−0.7 pp

Dec 2022+0.3 pp

Mar 2023+0.4 pp

Jun 2023+0.4 pp

Sep 2023+0.7 pp

Dec 2023+0.5 pp

Mar 20240.0 pp

Jun 20240.0 pp

Sep 2024−0.3 pp

Dec 2024+0.3 pp

Mar 2025+0.5 pp

Jun 2025+1.5 pp

Sep 2025+2.3 pp

Dec 2025+2.2 pp

Mar 2026+2.4 pp

Jun 2026+1.7 pp

Eco Recycling Ltd · ECORECO

Sep 2021+20.0 pp

Dec 2021−57.6 pp

Mar 2022+11.4 pp

Jun 2022+23.2 pp

Sep 2022+19.2 pp

Dec 2022+87.2 pp

Mar 2023−84.0 pp

Jun 2023−5.3 pp

Sep 2023+16.4 pp

Dec 2023+23.7 pp

Mar 2024+106.1 pp

Jun 2024+11.4 pp

Sep 2024+11.4 pp

Dec 2024−3.4 pp

Mar 2025+25.5 pp

Jun 2025−17.1 pp

Sep 2025−21.7 pp

Dec 2025−7.2 pp

Mar 2026−1.8 pp

Jun 2026+1.5 pp

Ganesha Ecosphere Ltd · GANECOS

Sep 2021−0.7 pp

Dec 2021−2.7 pp

Mar 2022−1.9 pp

Jun 2022−2.3 pp

Sep 2022+0.3 pp

Dec 2022+0.9 pp

Mar 2023−0.4 pp

Jun 2023+0.8 pp

Sep 2023−2.2 pp

Dec 2023+2.2 pp

Mar 2024+4.0 pp

Jun 2024+4.0 pp

Sep 2024+5.0 pp

Dec 20240.0 pp

Mar 20250.0 pp

Jun 2025−3.0 pp

Sep 2025−8.0 pp

Dec 2025−5.0 pp

Mar 2026−3.0 pp

Jun 2026+3.0 pp

Gravita India Ltd · GRAVITA

Sep 2021+2.0 pp

Dec 2021+0.9 pp

Mar 2022+0.8 pp

Jun 2022−5.6 pp

Sep 2022−0.6 pp

Dec 2022+0.4 pp

Mar 2023−2.5 pp

Jun 2023+5.3 pp

Sep 2023+0.4 pp

Dec 2023+1.0 pp

Mar 20240.0 pp

Jun 2024+2.0 pp

Sep 2024−2.0 pp

Dec 2024−3.0 pp

Mar 2025+1.0 pp

Jun 20250.0 pp

Sep 2025+3.0 pp

Dec 2025+4.0 pp

Mar 2026+1.0 pp

Jun 2026−3.0 pp

Jain Resource Recycling Ltd · JAINREC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20250.0 pp

Sep 2025+2.0 pp

Dec 2025+2.0 pp

Mar 2026−1.5 pp

Jun 2026−2.0 pp

Namo eWaste Management Ltd · NAMOEWASTE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024−3.0 pp

Dec 2024—

Mar 2025−2.0 pp

Jun 2025—

Sep 2025+2.0 pp

Dec 2025—

Mar 2026+3.0 pp

Jun 2026—

NILE Ltd · NILE

Sep 2021+3.0 pp

Dec 2021−1.7 pp

Mar 2022−0.5 pp

Jun 2022−0.1 pp

Sep 2022−4.0 pp

Dec 2022−1.1 pp

Mar 2023+0.7 pp

Jun 2023−1.4 pp

Sep 2023+2.6 pp

Dec 2023+2.8 pp

Mar 2024−0.7 pp

Jun 2024+0.6 pp

Sep 2024+0.2 pp

Dec 2024−0.1 pp

Mar 2025+2.5 pp

Jun 2025+3.8 pp

Sep 2025+1.4 pp

Dec 2025+0.7 pp

Mar 2026−0.8 pp

Jun 2026−5.3 pp

Pondy Oxides & Chemicals Ltd · POCL

Sep 2021+4.5 pp

Dec 2021+3.2 pp

Mar 2022+1.4 pp

Jun 2022−1.1 pp

Sep 2022−0.3 pp

Dec 2022−0.8 pp

Mar 2023+1.4 pp

Jun 2023−1.0 pp

Sep 2023−1.8 pp

Dec 20230.0 pp

Mar 20240.0 pp

Jun 2024+1.1 pp

Sep 2024+1.0 pp

Dec 20240.0 pp

Mar 20250.0 pp

Jun 2025+2.0 pp

Sep 2025+3.0 pp

Dec 2025+2.0 pp

Mar 2026+1.0 pp

Jun 2026−1.0 pp

09 · compare level, then change

Profit Scale & Acceleration

Gravita India Ltd has the highest Net profit among the 9 Recycling companies compared here, at ₹391 crore. Jain Resource Recycling Ltd is next at ₹360 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 ₹391 crore of TTM profit, 8.6% above Jain Resource Recycling Ltd. Bhagyanagar India Ltd shows ≥100% on the scoring scale (195.2% uncapped) growth from a ₹62 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderGravita India Ltd · ₹391 crore

Gap8.6% versus #2 · Jain Resource Recycling Ltd

Persistence7/8 recent comparable periods

Coverage8/9 companies · 135 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₹391 Cr

2Jain Resource Recycling Ltd JAINREC₹360 Cr

3Pondy Oxides & Chemicals Ltd POCL₹143 Cr

4Antony Waste Handling Cell Ltd AWHCL⚠ unverified₹70 Cr

5Bhagyanagar India Ltd BHAGYANGR⚠ unverified₹62 Cr

Profit growthfastest growers

1Bhagyanagar India Ltd BHAGYANGR⚠ unverified100%

2Pondy Oxides & Chemicals Ltd POCL100%

3Jain Resource Recycling Ltd JAINREC62%

4Gravita India Ltd GRAVITA16%

5NILE Ltd NILE12%

Net profit · company comparison

8/9 level · 8/9 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Gravita India Ltd GRAVITA	₹106 Cr	14%	Jun 2026
Jain Resource Recycling Ltd JAINREC	₹69 Cr	21%	Jun 2026
Pondy Oxides & Chemicals Ltd POCL	₹36 Cr	44%	Jun 2026
Ganesha Ecosphere Ltd GANECOS	₹29 Cr	164%	Jun 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified	₹20 Cr	150%	Jun 2026
Eco Recycling Ltd ECORECO	₹9 Cr	13%	Jun 2026
NILE Ltd NILE	₹8 Cr	-45%	Jun 2026
Namo eWaste Management Ltd NAMOEWASTE	₹7 Cr	133%	Mar 2026
Antony Waste Handling Cell Ltd AWHCL⚠ unverified	₹1 Cr	-97%	Jun 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹16 Cr

Mar 2023₹12 Cr

Jun 2023₹23 Cr

Sep 2023₹32 Cr

Dec 2023₹16 Cr

Mar 2024₹30 Cr

Jun 2024₹21 Cr

Sep 2024₹15 Cr

Dec 2024₹18 Cr

Mar 2025₹46 Cr

Jun 2025₹23 Cr

Sep 2025₹17 Cr

Dec 2025₹15 Cr

Mar 2026₹37 Cr

Jun 2026₹1 Cr

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹3 Cr

Mar 2023₹6 Cr

Jun 2023₹38 Cr

Sep 2023₹3 Cr

Dec 2023₹3 Cr

Mar 2024₹2 Cr

Jun 2024₹2 Cr

Sep 2024₹4 Cr

Dec 2024₹4 Cr

Mar 2025₹5 Cr

Jun 2025₹8 Cr

Sep 2025₹11 Cr

Dec 2025₹13 Cr

Mar 2026₹18 Cr

Jun 2026₹20 Cr

Eco Recycling Ltd · ECORECO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹4 Cr

Mar 2023₹-4 Cr

Jun 2023₹5 Cr

Sep 2023₹6 Cr

Dec 2023₹6 Cr

Mar 2024₹2 Cr

Jun 2024₹8 Cr

Sep 2024₹8 Cr

Dec 2024₹5 Cr

Mar 2025₹2 Cr

Jun 2025₹8 Cr

Sep 2025₹6 Cr

Dec 2025₹2 Cr

Mar 2026₹7 Cr

Jun 2026₹9 Cr

Ganesha Ecosphere Ltd · GANECOS

Sep 2021₹14 Cr

Dec 2021₹16 Cr

Mar 2022₹44 Cr

Jun 2022₹13 Cr

Sep 2022₹20 Cr

Dec 2022₹21 Cr

Mar 2023₹15 Cr

Jun 2023₹3 Cr

Sep 2023₹3 Cr

Dec 2023₹13 Cr

Mar 2024₹22 Cr

Jun 2024₹23 Cr

Sep 2024₹27 Cr

Dec 2024₹30 Cr

Mar 2025₹24 Cr

Jun 2025₹11 Cr

Sep 2025₹0 Cr

Dec 2025₹5 Cr

Mar 2026₹23 Cr

Jun 2026₹29 Cr

Gravita India Ltd · GRAVITA

Sep 2021₹37 Cr

Dec 2021₹39 Cr

Mar 2022₹41 Cr

Jun 2022₹43 Cr

Sep 2022₹45 Cr

Dec 2022₹50 Cr

Mar 2023₹64 Cr

Jun 2023₹53 Cr

Sep 2023₹59 Cr

Dec 2023₹61 Cr

Mar 2024₹69 Cr

Jun 2024₹68 Cr

Sep 2024₹72 Cr

Dec 2024₹78 Cr

Mar 2025₹95 Cr

Jun 2025₹93 Cr

Sep 2025₹96 Cr

Dec 2025₹97 Cr

Mar 2026₹92 Cr

Jun 2026₹106 Cr

Jain Resource Recycling Ltd · JAINREC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹60 Cr

Sep 2024₹53 Cr

Dec 2024₹59 Cr

Mar 2025₹53 Cr

Jun 2025₹57 Cr

Sep 2025₹99 Cr

Dec 2025₹126 Cr

Mar 2026₹66 Cr

Jun 2026₹69 Cr

Namo eWaste Management Ltd · NAMOEWASTE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023₹3 Cr

Dec 2023—

Mar 2024₹4 Cr

Jun 2024—

Sep 2024₹5 Cr

Dec 2024—

Mar 2025₹3 Cr

Jun 2025—

Sep 2025₹7 Cr

Dec 2025—

Mar 2026₹7 Cr

Jun 2026—

NILE Ltd · NILE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹5 Cr

Mar 2023₹9 Cr

Jun 2023₹5 Cr

Sep 2023₹8 Cr

Dec 2023₹12 Cr

Mar 2024₹6 Cr

Jun 2024₹8 Cr

Sep 2024₹8 Cr

Dec 2024₹10 Cr

Mar 2025₹10 Cr

Jun 2025₹15 Cr

Sep 2025₹12 Cr

Dec 2025₹15 Cr

Mar 2026₹14 Cr

Jun 2026₹8 Cr

Pondy Oxides & Chemicals Ltd · POCL

Sep 2021₹15 Cr

Dec 2021₹14 Cr

Mar 2022₹11 Cr

Jun 2022₹12 Cr

Sep 2022₹12 Cr

Dec 2022₹11 Cr

Mar 2023₹41 Cr

Jun 2023₹4 Cr

Sep 2023₹6 Cr

Dec 2023₹10 Cr

Mar 2024₹12 Cr

Jun 2024₹13 Cr

Sep 2024₹15 Cr

Dec 2024₹13 Cr

Mar 2025₹17 Cr

Jun 2025₹25 Cr

Sep 2025₹34 Cr

Dec 2025₹35 Cr

Mar 2026₹38 Cr

Jun 2026₹36 Cr

Profit growth · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-2.4%

Mar 2024151%

Jun 2024-5.8%

Sep 2024-51%

Dec 202416%

Mar 202552%

Jun 20257.8%

Sep 202513%

Dec 2025-19%

Mar 2026-20%

Jun 2026-97%

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20230.0%

Mar 2024-67%

Jun 2024-95%

Sep 202433%

Dec 202433%

Mar 2025150%

Jun 2025300%

Sep 2025175%

Dec 2025225%

Mar 2026260%

Jun 2026150%

Eco Recycling Ltd · ECORECO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202350%

Mar 2024—

Jun 202473%

Sep 202434%

Dec 2024-17%

Mar 202533%

Jun 2025-0.7%

Sep 2025-32%

Dec 2025-57%

Mar 2026225%

Jun 202613%

Ganesha Ecosphere Ltd · GANECOS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202243%

Dec 202232%

Mar 2023-66%

Jun 2023-77%

Sep 2023-85%

Dec 2023-38%

Mar 202447%

Jun 2024667%

Sep 2024800%

Dec 2024131%

Mar 20259.1%

Jun 2025-52%

Sep 2025-100%

Dec 2025-83%

Mar 2026-4.2%

Jun 2026164%

Gravita India Ltd · GRAVITA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202295%

Sep 202222%

Dec 202228%

Mar 202356%

Jun 202323%

Sep 202331%

Dec 202322%

Mar 20247.8%

Jun 202428%

Sep 202422%

Dec 202428%

Mar 202538%

Jun 202537%

Sep 202533%

Dec 202524%

Mar 2026-3.2%

Jun 202614%

Jain Resource Recycling Ltd · JAINREC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025-5.0%

Sep 202587%

Dec 2025114%

Mar 202625%

Jun 202621%

Namo eWaste Management Ltd · NAMOEWASTE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202467%

Dec 2024—

Mar 2025-25%

Jun 2025—

Sep 202540%

Dec 2025—

Mar 2026133%

Jun 2026—

NILE Ltd · NILE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023137%

Mar 2024-33%

Jun 202461%

Sep 20242.3%

Dec 2024-14%

Mar 202560%

Jun 202584%

Sep 202539%

Dec 202547%

Mar 202641%

Jun 2026-45%

Pondy Oxides & Chemicals Ltd · POCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202233%

Sep 2022-20%

Dec 2022-21%

Mar 2023273%

Jun 2023-67%

Sep 2023-50%

Dec 2023-9.1%

Mar 2024-71%

Jun 2024225%

Sep 2024150%

Dec 202430%

Mar 202542%

Jun 202592%

Sep 2025127%

Dec 2025169%

Mar 2026124%

Jun 202644%

10 · compare level, then change

Return On Capital Employed

Eco Recycling Ltd has the highest ROCE among the 9 Recycling companies compared here, at 30.8%. Jain Resource Recycling Ltd is next at 25.7%. 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 Jun 2026.

What the numbers say: Eco Recycling Ltd leads ROCE at 30.8%, 5.1 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 · 30.8%

Gap19.8% 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 ECORECO31%

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

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Jain Resource Recycling Ltd JAINREC	34%	−13.2 pp	Jun 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified	32%	+22.0 pp	Jun 2026
Pondy Oxides & Chemicals Ltd POCL	24%	+8.7 pp	Jun 2026
Gravita India Ltd GRAVITA	18%	+1.8 pp	Jun 2026
Antony Waste Handling Cell Ltd AWHCL⚠ unverified	9.1%	−0.9 pp	Jun 2026
Ganesha Ecosphere Ltd GANECOS	4.6%	−5.2 pp	Jun 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

Sep 202117%

Dec 2021—

Mar 202216%

Jun 2022—

Sep 202214%

Dec 2022—

Mar 202312%

Jun 2023—

Sep 202311%

Dec 202315%

Mar 202411%

Jun 202414%

Sep 20249.4%

Dec 202412%

Mar 202510%

Jun 202515%

Sep 202510%

Dec 202514%

Mar 20269.1%

Jun 2026—

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

Sep 202115%

Dec 2021—

Mar 202213%

Jun 2022—

Sep 20229.4%

Dec 2022—

Mar 202314%

Jun 2023—

Sep 202314%

Dec 202334%

Mar 20249.4%

Jun 202412%

Sep 20248.7%

Dec 202413%

Mar 202510%

Jun 202517%

Sep 202517%

Dec 202527%

Mar 202632%

Jun 2026—

Ganesha Ecosphere Ltd · GANECOS

Sep 202112%

Dec 2021—

Mar 202210%

Jun 2022—

Sep 202211%

Dec 2022—

Mar 202311%

Jun 2023—

Sep 20237.9%

Dec 20239.5%

Mar 20246.1%

Jun 202410%

Sep 20249.2%

Dec 202414%

Mar 20259.8%

Jun 202510%

Sep 20256.3%

Dec 20256.0%

Mar 20264.6%

Jun 2026—

Gravita India Ltd · GRAVITA

Sep 202135%

Dec 2021—

Mar 202236%

Jun 2022—

Sep 202231%

Dec 2022—

Mar 202327%

Jun 2023—

Sep 202327%

Dec 202340%

Mar 202427%

Jun 202437%

Sep 202427%

Dec 202433%

Mar 202516%

Jun 202526%

Sep 202518%

Dec 202526%

Mar 202618%

Jun 2026—

Jain Resource Recycling Ltd · JAINREC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202423%

Dec 2024—

Mar 202547%

Jun 202551%

Sep 202530%

Dec 202552%

Mar 202634%

Jun 2026—

Pondy Oxides & Chemicals Ltd · POCL

Sep 202123%

Dec 2021—

Mar 202231%

Jun 2022—

Sep 202228%

Dec 2022—

Mar 202324%

Jun 2023—

Sep 202320%

Dec 202337%

Mar 202416%

Jun 202423%

Sep 202421%

Dec 202425%

Mar 202515%

Jun 202522%

Sep 202518%

Dec 202529%

Mar 202624%

Jun 2026—

ROCE change · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−2.6 pp

Dec 2022—

Mar 2023−4.2 pp

Jun 2023—

Sep 2023−2.6 pp

Dec 2023—

Mar 2024−0.5 pp

Jun 2024—

Sep 2024−1.9 pp

Dec 2024−2.8 pp

Mar 2025−1.1 pp

Jun 2025+0.8 pp

Sep 2025+0.8 pp

Dec 2025+1.4 pp

Mar 2026−0.9 pp

Jun 2026—

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−5.1 pp

Dec 2022—

Mar 2023+0.7 pp

Jun 2023—

Sep 2023+4.8 pp

Dec 2023—

Mar 2024−4.5 pp

Jun 2024—

Sep 2024−5.5 pp

Dec 2024−21.4 pp

Mar 2025+0.8 pp

Jun 2025+5.2 pp

Sep 2025+8.7 pp

Dec 2025+13.7 pp

Mar 2026+22.0 pp

Jun 2026—

Ganesha Ecosphere Ltd · GANECOS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.0 pp

Dec 2022—

Mar 2023+0.2 pp

Jun 2023—

Sep 2023−3.0 pp

Dec 2023—

Mar 2024−4.4 pp

Jun 2024—

Sep 2024+1.3 pp

Dec 2024+4.0 pp

Mar 2025+3.7 pp

Jun 2025+0.2 pp

Sep 2025−2.9 pp

Dec 2025−7.5 pp

Mar 2026−5.2 pp

Jun 2026—

Gravita India Ltd · GRAVITA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−3.8 pp

Dec 2022—

Mar 2023−9.4 pp

Jun 2023—

Sep 2023−4.0 pp

Dec 2023—

Mar 2024−0.5 pp

Jun 2024—

Sep 2024−0.1 pp

Dec 2024−6.3 pp

Mar 2025−10.2 pp

Jun 2025−10.9 pp

Sep 2025−9.5 pp

Dec 2025−7.0 pp

Mar 2026+1.8 pp

Jun 2026—

Jain Resource Recycling Ltd · JAINREC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025+7.0 pp

Dec 2025—

Mar 2026−13.2 pp

Jun 2026—

Pondy Oxides & Chemicals Ltd · POCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+4.9 pp

Dec 2022—

Mar 2023−7.5 pp

Jun 2023—

Sep 2023−7.4 pp

Dec 2023—

Mar 2024−7.4 pp

Jun 2024—

Sep 2024+0.4 pp

Dec 2024−12.1 pp

Mar 2025−1.6 pp

Jun 2025−0.2 pp

Sep 2025−2.2 pp

Dec 2025+4.5 pp

Mar 2026+8.7 pp

Jun 2026—

11 · compare level, then change

Valuation Against Growth & Quality

Ganesha Ecosphere Ltd has the lowest PEG among the 9 Recycling companies compared here, at 0.43×. Gravita India Ltd is next at 1×. NILE Ltd has the lowest P/E at 9.58×, so level and change sit with different companies. 4 of 9 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Ganesha Ecosphere Ltd has the lowest comparable PEG at 0.43×, 57% below Gravita India Ltd. Only 4 of 9 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderGanesha Ecosphere Ltd · 0.43×

Gap57% versus #2 · Gravita India Ltd

Persistence0/8 recent comparable periods

Coverage4/9 companies · 21 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Ganesha Ecosphere Ltd GANECOS0.4

2Gravita India Ltd GRAVITA1.0

3Pondy Oxides & Chemicals Ltd POCL2.4

4Jain Resource Recycling Ltd JAINREC3.5

P/Elowest P/E

1NILE Ltd NILE9.6

2Antony Waste Handling Cell Ltd AWHCL⚠ unverified17.8

3Bhagyanagar India Ltd BHAGYANGR⚠ unverified22.5

4Pondy Oxides & Chemicals Ltd POCL24.2

5Jain Resource Recycling Ltd JAINREC27.0

Valuation · company comparison

4/9 level · 9/9 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Jain Resource Recycling Ltd JAINREC	3.5	33.8	Jun 2026
Pondy Oxides & Chemicals Ltd POCL	2.4	63.8	Jun 2026
Gravita India Ltd GRAVITA	1.0	32.6	Jun 2026
Ganesha Ecosphere Ltd GANECOS	0.4	61.5	Jun 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified	—	25.0	Jun 2026
Antony Waste Handling Cell Ltd AWHCL⚠ unverified	—	17.8	Jun 2026
Eco Recycling Ltd ECORECO	—	34.7	Jun 2026
Namo eWaste Management Ltd NAMOEWASTE	—	31.1	Mar 2026
NILE Ltd NILE	—	9.5	Jun 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Ganesha Ecosphere Ltd · GANECOS

Sep 2021—

Dec 2021—

Mar 20220.7

Jun 2022—

Sep 20220.3

Dec 20220.4

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Gravita India Ltd · GRAVITA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.4

Jun 20230.5

Sep 20230.9

Dec 20231.0

Mar 20241.0

Jun 20242.3

Sep 20243.4

Dec 20242.9

Mar 20252.2

Jun 20251.4

Sep 20251.3

Dec 20251.5

Mar 20261.0

Jun 2026—

Jain Resource Recycling Ltd · JAINREC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20263.5

Jun 2026—

Pondy Oxides & Chemicals Ltd · POCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20220.2

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20241.5

Mar 20253.0

Jun 2025—

Sep 20252.4

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

Sep 202120.1

Dec 202115.4

Mar 202213.1

Jun 202211.2

Sep 202211.5

Dec 202210.9

Mar 20238.9

Jun 202313.2

Sep 202316.7

Dec 202320.3

Mar 202419.1

Jun 202416.8

Sep 202423.9

Dec 202425.0

Mar 202520.8

Jun 202527.7

Sep 202523.6

Dec 202521.0

Mar 202617.6

Jun 202617.8

Bhagyanagar India Ltd · BHAGYANGR⚠ unverified

Sep 202127.1

Dec 202122.9

Mar 202219.1

Jun 202212.8

Sep 202218.5

Dec 202225.9

Mar 202323.3

Jun 202318.0

Sep 20234.7

Dec 20236.7

Mar 20245.3

Jun 20247.5

Sep 202436.0

Dec 202429.3

Mar 202519.8

Jun 202518.3

Sep 202515.4

Dec 202517.9

Mar 202612.6

Jun 202625.0

Eco Recycling Ltd · ECORECO

Sep 202115.2

Dec 202119.4

Mar 202219.0

Jun 202215.4

Sep 202224.0

Dec 202225.1

Mar 202319.5

Jun 202335.6

Sep 202349.5

Dec 202371.1

Mar 202481.6

Jun 202464.8

Sep 202482.3

Dec 202477.3

Mar 202556.8

Jun 202551.3

Sep 202549.9

Dec 202543.0

Mar 202627.9

Jun 202634.7

Ganesha Ecosphere Ltd · GANECOS

Sep 202118.3

Dec 202117.9

Mar 202226.8

Jun 202214.3

Sep 202215.6

Dec 202221.6

Mar 202318.8

Jun 202334.0

Sep 202336.1

Dec 202350.1

Mar 202462.6

Jun 202481.3

Sep 202475.5

Dec 202460.2

Mar 202539.1

Jun 202536.2

Sep 202533.2

Dec 202534.8

Mar 202651.6

Jun 202661.5

Gravita India Ltd · GRAVITA

Sep 202119.2

Dec 202121.1

Mar 202220.5

Jun 202212.8

Sep 202213.8

Dec 202218.5

Mar 202318.7

Jun 202320.8

Sep 202329.8

Dec 202333.8

Mar 202429.5

Jun 202442.6

Sep 202470.1

Dec 202458.1

Mar 202545.0

Jun 202543.1

Sep 202533.5

Dec 202538.2

Mar 202627.1

Jun 202632.6

Jain Resource Recycling Ltd · JAINREC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 202521.9

Mar 202645.3

Jun 202633.8

Namo eWaste Management Ltd · NAMOEWASTE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202448.0

Dec 2024—

Mar 202537.7

Jun 2025—

Sep 202544.3

Dec 2025—

Mar 202631.1

Jun 2026—

NILE Ltd · NILE

Sep 20218.0

Dec 20216.4

Mar 20227.2

Jun 20224.8

Sep 20227.8

Dec 20228.8

Mar 20237.4

Jun 20239.9

Sep 20239.9

Dec 20239.8

Mar 202411.4

Jun 202412.8

Sep 202419.8

Dec 202416.4

Mar 202513.5

Jun 202512.9

Sep 202512.6

Dec 202510.6

Mar 20268.6

Jun 20269.5

Pondy Oxides & Chemicals Ltd · POCL

Sep 20217.8

Dec 20216.2

Mar 20228.2

Jun 20226.3

Sep 202214.2

Dec 20229.4

Mar 20234.6

Jun 20238.9

Sep 202312.8

Dec 202316.2

Mar 202420.3

Jun 202430.5

Sep 202459.7

Dec 202444.3

Mar 202531.3

Jun 202539.3

Sep 202556.5

Dec 202570.3

Mar 202652.0

Jun 202663.8

12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Recycling comparison names 5 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. A high growth rate can still be a low-base artefact.

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.

13 · 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 Jun 2026 and market data through 2026-09-11. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-09-11 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG 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.

How a second data feed is admitted, and what happens when it disagrees

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.

14 · questions investors ask, short speakable answers

Recycling company comparison FAQs

These 24 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 Jun 2026. Price and relative-strength answers run through 2026-09-11. Nothing here is estimated, and none of it is a recommendation.

Is the Recycling sector outperforming NIFTY 500?

Recycling has outperformed NIFTY 500 by 16.4% over 52 weeks and 5.3% over 13 weeks. 4 of 8 covered companies beat NIFTY on Mansfield relative strength, while 3 of 8 beat the sector itself.

Which Recycling company is largest by revenue?

Jain Resource Recycling Ltd leads with revenue of ₹10,718 crore, based on 8 of 9 comparable companies through Jun 2026.

Which Recycling company is growing fastest?

Jain Resource Recycling Ltd has the fastest current revenue growth at 65.3%, across 8 of 9 comparable companies.

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

Bhagyanagar India Ltd ranks first at 69.3/100 with 87% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Recycling company has the lowest comparable PEG?

Ganesha Ecosphere Ltd has the lowest comparable PEG at 0.43, among 4 of 9 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Recycling comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 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.

Is there a Nifty Recycling index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Recycling, this page builds its own equal-weight basket of 9 listed Recycling companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 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 Namo eWaste Management Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 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 Jun 2026.

Which Recycling company is the biggest?

Jain Resource Recycling Ltd is the largest, with trailing-twelve-month revenue of ₹10,718 crore, ahead of Gravita India Ltd at ₹4,701 crore. That covers 8 of 9 companies with comparable reporting through Jun 2026.

Which Recycling company has the best profit margins?

Eco Recycling Ltd has the highest operating margin at 56.3%, from 9 of 9 comparable companies. Ganesha Ecosphere 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 ₹391 crore of trailing-twelve-month net profit, from 8 of 9 comparable companies. Bhagyanagar India Ltd has the fastest profit growth at the ≥100% scoring cap, 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 30.8%, 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 PEG — where a LOWER number is cheaper — Ganesha Ecosphere Ltd screens cheapest at 0.43×. Only 4 of 9 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Recycling sector beating the market?

Recycling has outperformed NIFTY 500 by 16.4% over the last 52 weeks and 5.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 8 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

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 69.3 out of 100 with 87% evidence confidence, from 30.7 points on growth and earnings, 14.7 on capital efficiency, 9.9 on valuation and 14 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, ending Jun 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 ₹32,726 crore of combined market value. Gravita India Ltd is the largest at ₹12,313 crore, about 38% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.

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

The median price-to-earnings ratio across the 9 Recycling companies on this page is 27×, 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 2026-09-17.

How is the Recycling sector performing?

4 of the 8 covered Recycling companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 16.4% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.

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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