Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Recycling Stocks in India

Recycling: Jain Resource Recycling Ltd owns the largest revenue base; Bhagyanagar India Ltd has the fastest current growth.

01 · the index people search for

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.

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 22% ahead of NIFTY 500. Earnings across its companies grew 28% 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 up4 of 9 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑17w · 5/9 >200d (−1) · 4/9 lead (−2) · EPS 5/9↑

200500100020262025202420232022 1492333 TRAILING 12-MONTH EPS · 100 AT THE START0100126Sep 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 · 7 reportingDec 2023 · trailing 12-month earnings per share at 101, against 100 at the start · down 45.8% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 108, against 100 at the start · down 45.9% on a year ago · 8 reportingJun 2024 · trailing 12-month earnings per share at 126, against 100 at the start · down 10.2% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 94, against 100 at the start · up 20.0% on a year ago · 8 reportingDec 2024 · trailing 12-month earnings per share at 108, against 100 at the start · up 6.4% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 101, against 100 at the start · up 21.3% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 108, against 100 at the start · up 26.2% on a year ago · 8 reportingSep 2025 · trailing 12-month earnings per share at 62, against 100 at the start · up 25.5% on a year ago · 9 reportingDec 2025 · trailing 12-month earnings per share at 98, against 100 at the start · up 27.1% on a year ago · 8 reportingMar 2026 · trailing 12-month earnings per share at 90, against 100 at the start · up 34.7% 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
200500100020262025202420232022 1492333 TRAILING 12-MONTH EPS · 100 AT THE START0100126Mar 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 · 7 reportingDec 2023 · trailing 12-month earnings per share at 101, against 100 at the start · down 45.8% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 108, against 100 at the start · down 45.9% on a year ago · 8 reportingJun 2024 · trailing 12-month earnings per share at 126, against 100 at the start · down 10.2% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 94, against 100 at the start · up 20.0% on a year ago · 8 reportingDec 2024 · trailing 12-month earnings per share at 108, against 100 at the start · up 6.4% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 101, against 100 at the start · up 21.3% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 108, against 100 at the start · up 26.2% on a year ago · 8 reportingSep 2025 · trailing 12-month earnings per share at 62, against 100 at the start · up 25.5% on a year ago · 9 reportingDec 2025 · trailing 12-month earnings per share at 98, against 100 at the start · up 27.1% on a year ago · 8 reportingMar 2026 · trailing 12-month earnings per share at 90, against 100 at the start · up 34.7% 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

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 9 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.

03 · sector relative strength, before individual stocks

Is Recycling outperforming NIFTY 500?

Recycling has outperformed NIFTY 500 by 10.3% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 0.8%. 6 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 2026-07-19.

-0.8%Sector vs NIFTY 500 · 13 weeks
+10.3%Sector vs NIFTY 500 · 52 weeks
6/8Stocks leading NIFTY 500
3/8Stocks leading sector

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

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

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 10.3% over 52 weeks and 0.8% over 13 weeks. 6 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 ₹9,543 crore, based on 8 of 9 comparable companies through Mar 2026.

Companies
9
complete canonical membership
Combined market value
₹35.7K Cr
Jain Resource Recycling Ltd
Revenue growing
8/8
positive TTM year-on-year growth
Beating NIFTY 500
6/8
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 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.
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.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Bhagyanagar India LtdBHAGYANGR 72.4/100Favorable setup80% evidence LEADER 31.9/35 Revenue 49.1% · PAT 100% · OPM change 1.7 pp 95% evidence 14.4/25 ROCE 20.7% · OPM 5% 95% evidence 10.8/20 P/E 19.4× · PEG — 15% evidence 15.3/20 RS sector 79.9% · RS bench 93.8% · 1Y 282.2%12 of 12 weeks ahead 100% evidence
Exact sum: 31.9 + 14.4 + 10.8 + 15.3 = 72.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2NILE LtdNILE 64.5/100Mixed-positive evidence77% evidence TURNING 22.7/35 Revenue 13% · PAT 55.6% · OPM change -1 pp 83% evidence 17.5/25 ROCE 25.3% · OPM 7% 95% evidence 10.9/20 P/E 10.2× · PEG — 50% evidence 13.4/20 RS sector 3.2% · RS bench 6.4% · 1Y 5.5%5 of 8 weeks ahead 70% evidence
Exact sum: 22.7 + 17.5 + 10.9 + 13.4 = 64.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Namo eWaste Management LtdNAMOEWASTE 63.3/100Thin evidence · provisional56% evidence LEADER 20.2/35 Revenue — · PAT — · OPM change 3 pp 26% evidence 15.5/25 ROCE 21.3% · OPM 11% 95% evidence 8.9/20 P/E 43.7× · PEG — 15% evidence 18.7/20 RS sector 23.7% · RS bench 36.4% · 1Y 39.9%12 of 12 weeks ahead 100% evidence
Exact sum: 20.2 + 15.5 + 8.9 + 18.7 = 63.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Pondy Oxides & Chemicals LtdPOCL 59.2/100Mixed-positive evidence96% evidence ASLEEP 28.2/35 Revenue 43.8% · PAT 100% · OPM change 1 pp 88% evidence 13.3/25 ROCE 23.2% · OPM 6% 100% evidence 15.7/20 P/E 30.2× · PEG 0.96 100% evidence 2.0/20 RS sector -59.5% · RS bench 1.4% · 1Y -52.2%3 of 12 weeks ahead 100% evidence
Exact sum: 28.2 + 13.3 + 15.7 + 2 = 59.2 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -59.5% and the one-year return is -52.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
5Eco Recycling Ltd530643 48.6/100Mixed-negative evidence78% evidence BREAKING OUT 8.3/35 Revenue 9.6% · PAT -1.7% · OPM change -1.8 pp 83% evidence 19.4/25 ROCE 30% · OPM 69.5% 76% evidence 9.8/20 P/E 41.6× · PEG — 50% evidence 11.1/20 RS sector -7.8% · RS bench 2.9% · 1Y -26.7%12 of 12 weeks ahead 100% evidence
Exact sum: 8.3 + 19.4 + 9.8 + 11.1 = 48.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Jain Resource Recycling LtdJAINREC 45.8/100Mixed-negative evidence69% evidence ASLEEP 17.1/35 Revenue 48.4% · PAT 54.7% · OPM change -1.5 pp 88% evidence 14.1/25 ROCE 25.5% · OPM 3.5% 100% evidence 4.6/20 P/E 34.1× · PEG 3.48 65% evidence 10.0/20 RS sector — · RS bench — · 1Y —1 of 12 weeks ahead 0% evidence
Exact sum: 17.1 + 14.1 + 4.6 + 10 = 45.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Gravita India LtdGRAVITA 45.5/100Mixed-negative evidence100% evidence ASLEEP 16.6/35 Revenue 17.5% · PAT 15.7% · OPM change -3 pp 100% evidence 10.2/25 ROCE 17% · OPM 7% 100% evidence 11.5/20 P/E 30.4× · PEG 1 100% evidence 7.2/20 RS sector -13.8% · RS bench -4% · 1Y -14.3%8 of 12 weeks ahead 100% evidence
Exact sum: 16.6 + 10.2 + 11.5 + 7.2 = 45.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Antony Waste Handling Cell LtdAWHCL 44.6/100Mixed-negative evidence77% evidence ASLEEP 13.1/35 Revenue 12.7% · PAT -8% · OPM change -1 pp 83% evidence 13.0/25 ROCE 11.2% · OPM 20% 95% evidence 13.8/20 P/E 16.1× · PEG — 50% evidence 4.7/20 RS sector -17.8% · RS bench -16.1% · 1Y -29.7%1 of 10 weeks ahead 70% evidence
Exact sum: 13.1 + 13 + 13.8 + 4.7 = 44.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
9Ganesha Ecosphere LtdGANECOS 28.3/100Adverse evidence90% evidence TURNING 4.9/35 Revenue 1% · PAT -62.5% · OPM change -3 pp 88% evidence 5.3/25 ROCE 5.4% · OPM 12% 100% evidence 10.2/20 P/E 83× · PEG 0.43 100% evidence 7.9/20 RS sector -27% · RS bench 15.3% · 1Y -19.5%9 of 10 weeks ahead 70% evidence
Exact sum: 4.9 + 5.3 + 10.2 + 7.9 = 28.3 · 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 +282.2%. It also leads on Mansfield relative strength against NIFTY at +93.8%. 6 of 8 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

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 · 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 ₹4,701 crore. Bhagyanagar India Ltd has the highest Revenue growth at 49.1%, so level and change sit with different companies. 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, 103% ahead of Gravita India Ltd. Bhagyanagar India Ltd's growth is 49.1% from a ₹2,597 crore base, with 15 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
Gap103% versus #2 · Gravita India Ltd
Persistence4/4 recent comparable periods
Coverage8/9 companies · 129 observations

Investor read: Jain Resource Recycling Ltd is the scale benchmark; Bhagyanagar India 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 Bhagyanagar India 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₹4.7K Cr
3Pondy Oxides & Chemicals Ltd POCL₹3.0K Cr
4Bhagyanagar India Ltd BHAGYANGR⚠ unverified₹2.6K Cr
5Ganesha Ecosphere Ltd GANECOS₹1.5K Cr
Revenue growthfastest growers
1Bhagyanagar India Ltd BHAGYANGR⚠ unverified49%
2Jain Resource Recycling Ltd JAINREC48%
3Pondy Oxides & Chemicals Ltd POCL44%
4Gravita India Ltd GRAVITA18%
5NILE Ltd NILE13%
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.

CompanyRevenueRevenue growthReported
Jain Resource Recycling Ltd JAINREC₹3.1K Cr76%Mar 2026
Gravita India Ltd GRAVITA₹1.5K Cr42%Jun 2026
Pondy Oxides & Chemicals Ltd POCL₹935 Cr78%Mar 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified₹705 Cr45%Jun 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
₹705 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

₹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

₹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
₹1.5K 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

₹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%
45%

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%
42%

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%
—
07 · 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%. Namo eWaste Management 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%; Namo eWaste Management 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 · 149 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 GRAVITA7.0%
Margin changefastest expanders
1Namo eWaste Management Ltd NAMOEWASTE+3.0 pp
2Bhagyanagar India Ltd BHAGYANGR⚠ unverified+1.7 pp
3Pondy Oxides & Chemicals Ltd POCL+1.0 pp
4Antony Waste Handling Cell Ltd AWHCL⚠ unverified−1.0 pp
5NILE Ltd NILE−1.0 pp
Operating margin · company comparison
9/9 level · 9/9 change
All-company data · latest reported quarter
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 GRAVITA7.0%−3.0 ppJun 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%+1.7 ppJun 2026
Jain Resource Recycling Ltd JAINREC3.5%−1.5 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Antony Waste Handling Cell Ltd · AWHCL⚠ unverified

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%
1.7%
1.6%
1.4%
1.6%
2.0%
2.0%
1.8%
2.3%
2.5%
2.0%
1.8%
2.0%
2.8%
2.5%
3.3%
4.3%
5.0%
4.9%
5.0%

Eco Recycling Ltd · 530643

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

Gravita India Ltd · GRAVITA

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%
7.0%

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
6.0%
6.0%
5.0%
5.0%
6.0%
8.0%
7.0%
3.5%
—

Namo eWaste Management Ltd · NAMOEWASTE

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

NILE Ltd · NILE

6.2%
5.1%
5.3%
6.1%
2.2%
4.0%
6.0%
4.7%
4.8%
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

6.2%
5.8%
3.6%
4.9%
5.8%
5.0%
5.0%
3.9%
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

−0.5 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

−0.2 pp
−0.2 pp
−0.6 pp
−0.9 pp
−0.7 pp
+0.3 pp
+0.4 pp
+0.4 pp
+0.7 pp
+0.5 pp
0.0 pp
0.0 pp
−0.3 pp
+0.3 pp
+0.5 pp
+1.5 pp
+2.3 pp
+2.2 pp
+2.4 pp
+1.7 pp

Eco Recycling Ltd · 530643

+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

−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

+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
−3.0 pp

Jain Resource Recycling Ltd · JAINREC

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.0 pp
+2.0 pp
+2.0 pp
−1.5 pp
—

Namo eWaste Management Ltd · NAMOEWASTE

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

NILE Ltd · NILE

+3.0 pp
−1.7 pp
−0.5 pp
−0.1 pp
−4.0 pp
−1.1 pp
+0.7 pp
−1.4 pp
+2.6 pp
+3.0 pp
−1.0 pp
+0.3 pp
+0.2 pp
0.0 pp
+3.0 pp
+4.0 pp
+1.0 pp
0.0 pp
−1.0 pp
—

Pondy Oxides & Chemicals Ltd · POCL

+4.5 pp
+3.2 pp
+1.4 pp
−1.1 pp
−0.3 pp
−0.8 pp
+1.4 pp
−1.0 pp
−1.8 pp
0.0 pp
0.0 pp
+1.1 pp
+1.0 pp
0.0 pp
0.0 pp
+2.0 pp
+3.0 pp
+2.0 pp
+1.0 pp
—
08 · 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 ₹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 ₹391 crore of TTM profit, 12.4% 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
Gap12.4% versus #2 · Jain Resource Recycling Ltd
Persistence7/8 recent comparable periods
Coverage8/9 companies · 129 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₹348 Cr
3Pondy Oxides & Chemicals Ltd POCL₹132 Cr
4Antony Waste Handling Cell Ltd AWHCL⚠ unverified₹92 Cr
5Bhagyanagar India Ltd BHAGYANGR⚠ unverified₹62 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 GRAVITA16%
Net profit · company comparison
8/9 level · 8/9 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Gravita India Ltd GRAVITA₹106 Cr14%Jun 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₹20 Cr150%Jun 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
₹20 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

₹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

₹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
₹106 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

₹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%
150%

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%
14%

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%
—
09 · 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
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Jain Resource Recycling Ltd JAINREC34%−13.2 ppMar 2026
Bhagyanagar India Ltd BHAGYANGR⚠ unverified32%+22.0 ppJun 2026
Pondy Oxides & Chemicals Ltd POCL24%+8.7 ppMar 2026
Gravita India Ltd GRAVITA18%+1.8 ppJun 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
—
10 · 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×. Pondy Oxides & Chemicals Ltd is next at 0.96×. NILE Ltd has the lowest P/E at 10.2×, 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 PEG at 0.43×, 55.2% below Pondy Oxides & Chemicals 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×
Gap55.2% versus #2 · Pondy Oxides & Chemicals 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
2Pondy Oxides & Chemicals Ltd POCL1.0
3Gravita India Ltd GRAVITA1.0
4Jain Resource Recycling Ltd JAINREC3.5
P/Elowest P/E
1NILE Ltd NILE10.2
2Antony Waste Handling Cell Ltd AWHCL⚠ unverified16.1
3Bhagyanagar India Ltd BHAGYANGR⚠ unverified19.4
4Pondy Oxides & Chemicals Ltd POCL30.2
5Gravita India Ltd GRAVITA30.4
Valuation · company comparison
4/9 level · 9/9 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Jain Resource Recycling Ltd JAINREC3.545.3Mar 2026
Gravita India Ltd GRAVITA1.032.6Jun 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—25.0Jun 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

PEG · reported quarter history

Ganesha Ecosphere Ltd · GANECOS

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

Gravita India Ltd · GRAVITA

—
—
—
—
—
—
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

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

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
25.0

Eco Recycling Ltd · 530643

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

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

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
32.6

Jain Resource Recycling Ltd · JAINREC

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—
—
—
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—
—
—
—
—
—
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21.9
45.3
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Namo eWaste Management Ltd · NAMOEWASTE

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48.0
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37.7
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44.3
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31.1
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NILE Ltd · NILE

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
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Pondy Oxides & Chemicals Ltd · POCL

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
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11 · 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.
12 · 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 2026-07-31. 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 2026-07-31 · 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.

13 · 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 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Recycling sector outperforming NIFTY 500?

Recycling has outperformed NIFTY 500 by 10.3% over 52 weeks and 0.8% over 13 weeks. 6 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 ₹9,543 crore, based on 8 of 9 comparable companies through Mar 2026.

Which Recycling company is growing fastest?

Bhagyanagar India Ltd has the fastest current revenue growth at 49.1%, across 8 of 9 comparable companies.

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

Bhagyanagar India Ltd ranks first at 72.4/100 with 80% 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.

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 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 NILE 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 ₹9,543 crore, ahead of Gravita India Ltd at ₹4,701 crore. That covers 8 of 9 companies with comparable reporting through Mar 2026.

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. Namo eWaste Management 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 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 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 10.3% over the last 52 weeks and 0.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 6 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 72.4 out of 100 with 80% evidence confidence, from 31.9 points on growth and earnings, 14.4 on capital efficiency, 10.8 on valuation and 15.3 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 ₹35,703 crore of combined market value. Jain Resource Recycling Ltd is the largest at ₹12,016 crore, about 34% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

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

The median price-to-earnings ratio across the 9 Recycling companies on this page is 30.4×, 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 2026-08-05.

How is the Recycling sector performing?

6 of the 8 covered Recycling companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 10.3% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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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