Nupur Recyclers share price today

Nupur Recyclers Ltd's share price was ₹170.09 at the close on 4 November 2026. It has been rising for 20 weeks. That is 63.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹48 and ₹170, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Nupur Recyclers Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 34 weeks in a row.

Over the last 4.9 years the share price moved +588% while the NIFTY 500 moved +47%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: best operating margin in 8 quarters, highest quarterly profit in 14 quarters and highest quarterly revenue in 14 quarters.

1. Best operating margin in 8 quarters

   Operating margin was 11.6% in the June 2026 quarter, against 7.9% a year earlier.

2. Highest quarterly profit in 14 quarters

   Profit of ₹7 crore in the June 2026 quarter is the highest of the last 14 quarters.

3. Highest quarterly revenue in 14 quarters

   Revenue of ₹79 crore in the June 2026 quarter is the highest of the last 14 quarters.

For April to June 2026 (the quarter ended 30 June 2026), Nupur Recyclers reported revenue of ₹79.3 crore, up 55.6% from ₹51.0 crore a year earlier, and a profit of ₹7.39 crore, up 82.5% from ₹4.05 crore.

Nupur Recyclers results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Nupur Recyclers' management discussed these results on a call held on 28 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Nupur Recyclers closed at ₹170.09 on 4 November 2026, up 155.2% from ₹66.64 a year earlier (7 November 2025) and up 588.1% over five years. Its highest weekly close since December 2021 was ₹170.09 on 4 November 2026.

Nupur Recyclers share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

259 weekly closes from 24 December 2021 to 4 November 2026.

4 Nov 2026: Nupur Recyclers closed at ₹170.09, up 6.3% on the week and up 8.6% on the month. 28 Sep 2026: Nupur Recyclers held its results call for April to June 2026. Management guided: Current-year profit around ₹35-40 crore.

Earlier

• Results for April to June 2026: Revenue up 55.6% and profit up 82.5% on a year earlier.
• Our read, 27 Jun 2026: Trading company showing consistent 10-15% ROE but cyclical margins.
• 20 Mar 2024: Bonus issue: 1 new share for every 2 held (ex-date).

Our read of the business

Nupur Recyclers operates with low working capital intensity and has generated consistent operating cash flow. Revenue growth is flat, but margins improved recently.

January to March 2026: Flat revenue, stable margins.

Our read after the January to March 2026 results, written 27 June 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

Nupur Recyclers has paid no dividend on the NSE since its first NSE close in our records (24 December 2021), the start of the period we checked.

No. Nupur Recyclers Ltd paid out 0% of its profit as dividends in each of its last 4 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 28 September 2026, Nupur Recyclers' management guided: Current-year profit around ₹35-40 crore.

“We are planning to acquire a company in lead-acid battery recycling. We are in the process of creating an MOU with this company. If everything goes well, we could add another 300 crore rupees to the top line.”Rajesh Gupta, on the call for April to June 2026

What management guided

• LFP plant to start within 2-3 months on ₹50-70 crore capital spending; new 6-inch extrusion press to arrive within the next month.
• Next-year consolidated top line ₹800 crore without LFP and approximately ₹1,000 crore with LFP, plus or minus 10%; bottom line ₹70-80 crore.
• LFP revenue ₹120-150 crore excluding EPR, or ₹175-200 crore including EPR and second-life batteries; profit before tax margin 20% to 40-45%.
• Tycod Autotech planned at ₹25 crore monthly revenue and ₹20-25 crore annual profit over the next 2-3 years; new customer programs expected within 4-6 months.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026.

A consecutive decline in operating margin below 4% combined with working capital days exceeding 200.

Each change stops working if

• : Volume declines.

The main risks

• : Margin compression. ⚠ estimate

Our read after the January to March 2026 results, written 27 June 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

When Nupur Recyclers reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: LFP plant commissioning - verify machinery installation, hydro and pyro readiness, and first commercial output.

Nupur Recyclers is on one of our India lists: Momentum stocks.

Nupur Recyclers Ltd earned ₹7.4 Cr of net profit in the Jun 2026 quarter, +82.5% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹16.0 Cr. Over 3 years profit has grown 2.2% a year on average. That is 9.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹4.0 Cr.

For the full year, FY26 profit was ₹16.0 Cr (+0.0% on the year before).

Why profit moved: revenue changed +55.6% on a year earlier and the margin moved +3.7 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +36.0% and revenue +44.1%. Profit is growing slower than sales: rising costs are taking part of the growth.

FY26-Q4. revenue ₹57 Cr and profit ₹3 Cr as reported.

FY27-Q1. revenue ₹79 Cr and profit ₹7 Cr as reported.

Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters.

Nupur Recyclers Ltd reported ₹79.3 Cr of revenue in the Jun 2026 quarter, +55.6% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 3 years it has grown 4.9% a year on average. The last full year, FY26, came in at ₹216 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹244 Cr.

FY26 revenue was ₹216 Cr, +36.7% on the year before.

Recent pace: the last four quarters grew +44.1% on average, against 4.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +40.6%, against +3.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +29.8%, against +35.7% a year (rolling over).

FY26-Q4. revenue ₹57 Cr and profit ₹3 Cr as reported.

FY27-Q1. revenue ₹79 Cr and profit ₹7 Cr as reported.

Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters.

Nupur Recyclers Ltd's operating margin was 11.6% in the Jun 2026 quarter, 3.7 percentage points higher than the same quarter a year ago. Across 4 years it has been between 3.0% and 10.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +3.7 percentage points on the year while gross margin changed +8.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY26-Q4. revenue ₹57 Cr and profit ₹3 Cr as reported.

FY27-Q1. revenue ₹79 Cr and profit ₹7 Cr as reported.

Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters.

Over the last 3 years Nupur Recyclers Ltd's operations used more cash than they brought in, so cash conversion was −29%, a gap worth watching. In FY26 it brought in ₹18.0 Cr of operating cash against ₹16.0 Cr of profit. After ₹35.0 Cr of spending on assets, free cash was −₹17.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −29% of profit came in as cash: the cash cycle got 32 days longer between FY23 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 32 days longer. The next section looks at where the cash is stuck.

Nupur Recyclers Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 126 days in FY26, up from 94 days in FY23. It spent ₹56.0 Cr on assets over the last 3 years. Customers take 38 days to pay, and stock sits for 95 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. Expected 10% volume growth next year based on historical trends.

At FY26 sales of ₹216 Cr, each day of that cycle ties up about ₹0.6 Cr, so roughly ₹75.0 Cr is tied up in the business at any time.

FY26: customers took 38 days to pay and stock sat for 95 days, about 3.1 months of sales sitting as stock, for a full cycle of 126 days, longer than FY23's 94.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 95 days. Customers pay about 38 days after that. Suppliers are paid at 7 days. Together that makes the 126-day cycle.

Spending on assets: ₹56.0 Cr over the last 3 years, against ₹6.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹6.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Nupur Recyclers Ltd's P/E is 68.5×, near the high end of its own history: higher than 85% of past readings. Its usual P/E (the middle reading) is 42.0×, over 3.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −2.4% while the price moved +155.2%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved +40.9% a year; about +16.7% a year came from earnings growth and about +24.2 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 12% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Nupur Recyclers Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 15.0%; each line tells part of the story. This is based on 10 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Nupur Recyclers Ltd's story is not scored yet against the checks our research set on 27 June 2026. Where it sits in its own cycle: Not stated in the research file. Still open: A consecutive decline in operating margin below 4% combined with working capital days exceeding 200.

NOT YET CHECKED

Our read, 27 June 2026. Trading company showing consistent 10-15% ROE but cyclical margins.

From the price. Price stage 2, week 20, above its 200-day line, relative strength rising.

From the research. Trading company showing consistent 10-15% ROE but cyclical margins.

What is proven. Trading company showing consistent 10-15% ROE but cyclical margins.

What is not proven yet. A consecutive decline in operating margin below 4% combined with working capital days exceeding 200.

What would change our mind. A consecutive decline in operating margin below 4% combined with working capital days exceeding 200.

The test written in advance. A consecutive decline in operating margin below 4% combined with working capital days exceeding 200. Measured by: the thesis as written as stated by the next result.

What the company does. Nupur Recyclers operates with low working capital intensity and has generated consistent operating cash flow. Revenue growth is flat, but margins improved recently.

Sources: our stock research file (27 June 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

What Nupur Recyclers Ltd's management promised, against what actually happened: 2 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

Consolidated Revenue Guidance Conflict · 28 September 2026. Earlier in the Sep 2026 call, management said current-year top line would exceed 400 crore rupees, but later in the same call it said consolidated revenue for the year would be 100 crore rupees. This is a material and unexplained difference, with no period distinction provided. Earlier Statement (Sep 2026): Hopefully, this year we are going to close with a top line of more than 400 crore rupees and a bottom line of 7-10%. Later Statement (Sep 2026): Each company is conducting its own business. On a consolidated basis, we are expecting 100 crore rupees for this year.

Debt-Free Position Conflicts With Consolidated Borrowings · 24 August 2026. Management initially described the company as debt-free or almost debt-free and said expansion would be funded largely through internal accruals. Later, management acknowledged long-term borrowings taken to acquire Taikot Autotrack, creating an unexplained scope mismatch between the debt-free characterization and the consolidated balance sheet; the call does not clarify whether the debt-free statement applies only to the parent entity. Later in Call (Aug 2026): Those long-term borrowings are from when we spent on and acquired this company, {? Tykod ?} Autotrack, for Rs.24 crores. At that time, we took some loan from Tata Capital, I think.

Every quote above is taken word for word from the company’s own earnings calls.

Nupur Recyclers Ltd earned a ROCE of 15% in FY26. That is up from a low of 14% in FY24. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 7.4% net margin and 1.09× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 7.4% net margin × 1.09× asset turnover × 1.48× leverage (assets divided by equity) ≈ 11.9% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 12% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Nupur Recyclers Ltd had ₹33.0 Cr of borrowings against ₹134 Cr of equity in FY26, so its debt is 0.25× its equity. Its operating profit is 9 times its interest bill. Over 3 years borrowings went from ₹0.0 Cr to ₹33.0 Cr. Over the last 3 of those years it spent ₹56.0 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 12% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Foreign institutions raised their stake in Nupur Recyclers Ltd by 1.3 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 1.3% of the company. Promoters moved +1.1 points over the same period, to 73.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: +1.3 points over 8 quarters, to 1.3%; Promoters: +1.1 points over 8 quarters, to 73.6%; Domestic institutions: −0.2 points over 8 quarters, to 0.1%.

Why the owners changed: foreign institutions drove it (+1.3 points), together with promoters (+1.1 points). They raised their stake step by step.

For Nupur Recyclers Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

63.8 out of 100, rank 5 of 63 in Trading, with 78% of the evidence available.

Nupur Recyclers Ltd scores 63.8 out of 100 against the 63 companies it is compared with in Trading, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 21 + 15.3 + 7.6 + 19.9 = 63.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Nupur Recyclers ranks 5 of 63 Trading companies on the 4-Factor Sector Score, with 63.8 out of 100.