# Nupur Recyclers share price today (Nupur Recyclers Ltd, NSE: NRL)

> Nupur Recyclers share price today: ₹172.09 at the NSE close on 3 November 2026, up 152.6% in a year. Nupur Recyclers (NSE: NRL) is worth ₹1,188 crore, trades at a P/E of 69.3 and has closed between ₹47.58 and ₹172.09 over the past 52 weeks. > Nupur Recyclers Ltd's share price has risen faster than its earnings: +152.6% in a year, against −2.4% for earnings per share. NRL · Trading · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/nupur-recyclers-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹172.09 (+152.6% in a year)
- P/E: 69.3× (higher than 86% of the last 3.4 years)
- Revenue (Jun 2026): ₹79.3 Cr (+55.6% on a year ago)
- Profit (Jun 2026): ₹7.4 Cr (+82.5% on a year ago)
- Operating margin: 11.6% (+3.7 points on a year ago)
- ROCE: 15%, FY26
- Profit that came in as cash: −29%, last 3 years

The main question: profits are rising, but only −29% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Nupur Recyclers share price today? Nupur Recyclers Ltd's share price was ₹172.09 at the close on 3 November 2026. It has been rising for 20 weeks. That is 65.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹48 and ₹172, and at that close it was at the high of that range. 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 +596% 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. ## What changed at Nupur Recyclers this quarter? 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. ## What are Nupur Recyclers' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹79.3 crore | ₹51.0 crore | +55.6% |
| Profit | ₹7.39 crore | ₹4.05 crore | +82.5% |
| Earnings per share | ₹0.94 | ₹0.52 | +80.8% |
| Operating margin | 11.6% | 7.9% | +3.7 points |

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.)

## What is the Nupur Recyclers share price history? Nupur Recyclers closed at ₹172.09 on 3 November 2026, up 152.6% from ₹68.12 a year earlier (31 October 2025) and up 596.2% over five years. Its highest weekly close since December 2021 was ₹172.09 on 3 November 2026. ### Nupur Recyclers share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹157.10 | +9.5% |
| 1 month ago · 1 Oct 2026 | ₹156.61 | +9.9% |
| 6 months ago · 30 Apr 2026 | ₹55.29 | +211.2% |
| 1 year ago · 31 Oct 2025 | ₹68.12 | +152.6% |
| 3 years ago · 3 Nov 2023 | ₹60.80 | +183.0% |
| 5 years ago · 24 Dec 2021 | ₹24.72 | +596.2% |
| Earliest and lowest weekly close in our records · 24 Dec 2021 | ₹24.72 | +596.2% |
| Highest weekly close since December 2021, also the 52-week high · 3 Nov 2026 | ₹172.09 | 0.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹47.58 | +261.7% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (259 weekly closes from 24 December 2021 to 3 November 2026.)

## What is the latest news on Nupur Recyclers? 3 Nov 2026: Nupur Recyclers closed at ₹172.09, up 9.5% on the week and up 9.9% 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.)

## What dividend does Nupur Recyclers pay? 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 4 November 2026.)

## What did Nupur Recyclers management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/45842-28-Sep-2026.pdf). (From the call for April to June 2026, 28 September 2026.)

## What could change the Nupur Recyclers story? What are the risks? 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.)

## What to watch in Nupur Recyclers' next results? 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. - What to check (from the call)
- LFP plant commissioning - verify machinery installation, hydro and pyro readiness, and first commercial output. - Tycod customer audits - check conversion into new orders and whether customer concentration begins to broaden. - Lead-acid acquisition - verify MOU progress, closing, and funding through internal cash. - Margin performance - separate commodity-price impact from utilisation-led improvement in the next reported outcome. ## Which stock lists is Nupur Recyclers on? Nupur Recyclers is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 1160.25](https://www.sectoralpha.in/momentum-stocks-india)

## Is Nupur Recyclers profitable? 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. 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. ## How much revenue does Nupur Recyclers make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Nupur Recyclers keep? 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. 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. ## Is Nupur Recyclers' profit turning into cash? 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. 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. ## Where does Nupur Recyclers' cash go? 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. 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. ## What is Nupur Recyclers' P/E ratio, and how does it compare with its own history? Nupur Recyclers Ltd's P/E is 69.3×, near the high end of its own history: higher than 86% 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. Why the multiple is where it is: over the past year earnings per share moved −2.4% while the price moved +152.6%. 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 +41.5% a year; about +16.7% a year came from earnings growth and about +24.8 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. ## Is the Nupur Recyclers business getting better or worse? 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. 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. ## What is the Nupur Recyclers story, and has it been checked? 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. Our read, 27 June 2026. Trading company showing consistent 10-15% ROE but cyclical margins. From the numbers. 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. Where they disagree. 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. What the surface reading misses. 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. ## Did Nupur Recyclers management deliver what it promised? 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. ## How much does Nupur Recyclers earn on its capital? 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). 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. ## Does Nupur Recyclers have too much debt? 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. 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. ## What is the Nupur Recyclers shareholding pattern? 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. 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. ## How far is Nupur Recyclers from balance-sheet trouble? 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. ## How does Nupur Recyclers rank in its industry? 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. ## Which companies is Nupur Recyclers compared with? Nupur Recyclers ranks 5 of 63 Trading companies on the 4-Factor Sector Score, with 63.8 out of 100. 1. [Mangalam Global Enterprise Ltd](https://www.sectoralpha.in/stocks/mangalam-global-enterprise-ltd) MGEL · turning · Most evidence points up · 93% evidence 70.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 44.2% · Profit 8.2% · Operating margin change 0.7 points · 100% evidence Capital efficiency 14.6/25 · ROCE 17% · Operating margin 2.3% · 100% evidence Valuation 15.8/20 · P/E 14.6× · PEG 0.31 · 65% evidence Relative strength 17.2/20 · Lead over its industry 12.9% · Lead over NIFTY 500 25.7% · 1 year 18.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.5 + 14.6 + 15.8 + 17.2 = 70.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Shankara Buildpro Ltd](https://www.sectoralpha.in/stocks/shankara-buildpro-ltd) BUILDPRO · quiet · Too little evidence to rank firmly · 59% evidence 64.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.0/43.75 · Revenue 26.3% · Profit 41.9% · Operating margin change -0.2 points · 88% evidence Capital efficiency 21.5/31.25 · ROCE 39% · Operating margin 3.2% · 100% evidence Valuation 13.4/25 · P/E 16× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 30 + 21.5 + 13.4 = 64.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Ivalue Infosolutions Ltd](https://www.sectoralpha.in/stocks/ivalue-infosolutions-ltd) IVALUE · quiet · Evidence leans up · 74% evidence 64.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 5.4% · Profit 22.1% · Operating margin change 5.6 points · 88% evidence Capital efficiency 19.8/25 · ROCE 25.4% · Operating margin 10% · 100% evidence Valuation 15.7/20 · P/E 10× · PEG 0.43 · 65% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -18.6% · 1 year -31.1% · 25% evidence · 3 of 12 weeks ahead Exact sum: 20.7 + 19.8 + 15.7 + 8.1 = 64.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Maxgrow India Ltd](https://www.sectoralpha.in/stocks/maxgrow-india-ltd) Too little evidence to rank firmly · 53% evidence 64.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/35 · Revenue 100% · Profit 100% · Operating margin change 0.8 points · 62% evidence Capital efficiency 16.4/25 · ROCE 23.5% · Operating margin 2.7% · 95% evidence Valuation 11.5/20 · P/E 1.2× · PEG n/a · 15% evidence Relative strength 12.4/20 · Lead over its industry n/a · Lead over NIFTY 500 136% · 1 year n/a · 25% evidence Exact sum: 23.9 + 16.4 + 11.5 + 12.4 = 64.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. Nupur Recyclers Ltd this page NRL · leader · Evidence leans up · 78% evidence 63.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 40.6% · Profit 29.8% · Operating margin change 3.6 points · 83% evidence Capital efficiency 15.3/25 · ROCE 15.1% · Operating margin 11.6% · 76% evidence Valuation 7.6/20 · P/E 64.4× · PEG n/a · 50% evidence Relative strength 19.9/20 · Lead over its industry 86.1% · Lead over NIFTY 500 100.5% · 1 year 134.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 15.3 + 7.6 + 19.9 = 63.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Arisinfra Solutions Ltd](https://www.sectoralpha.in/stocks/arisinfra-solutions-ltd) ARIS · breaking out · Too little evidence to rank firmly · 56% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 45.3% · Profit 100% · Operating margin change 2 points · 83% evidence Capital efficiency 13.5/25 · ROCE 15.6% · Operating margin 11% · 76% evidence Valuation 10.7/20 · P/E 17.2× · PEG n/a · 15% evidence Relative strength 10.9/20 · Lead over its industry n/a · Lead over NIFTY 500 16.6% · 1 year -14.9% · 25% evidence · 11 of 12 weeks ahead Exact sum: 26.5 + 13.5 + 10.7 + 10.9 = 61.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Bhatia Communications & Retail (India) Ltd](https://www.sectoralpha.in/stocks/bhatia-communications-retail-indialtd) Evidence leans up · 68% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.7/35 · Revenue 49% · Profit 45.5% · Operating margin change 0.3 points · 83% evidence Capital efficiency 18.4/25 · ROCE 21.3% · Operating margin 5.3% · 95% evidence Valuation 9.2/20 · P/E 22.8× · PEG n/a · 50% evidence Relative strength 11.5/20 · Lead over its industry n/a · Lead over NIFTY 500 30.1% · 1 year n/a · 25% evidence Exact sum: 21.7 + 18.4 + 9.2 + 11.5 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [DC Infotech & Communication Ltd](https://www.sectoralpha.in/stocks/dc-infotech-communication-ltd) DCI · breaking out · Evidence leans up · 81% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 29.1% · Profit 41.9% · Operating margin change 0.4 points · 88% evidence Capital efficiency 16.5/25 · ROCE 23% · Operating margin 4.8% · 100% evidence Valuation 13.4/20 · P/E 24.6× · PEG 0.82 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 20.1% · 1 year n/a · 25% evidence · 6 of 6 weeks ahead Exact sum: 19.3 + 16.5 + 13.4 + 11.1 = 60.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [SG Mart Ltd](https://www.sectoralpha.in/stocks/sg-mart-ltd) SGMART · leader · Evidence leans up · 93% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 9.7% · Profit 26.7% · Operating margin change 3 points · 100% evidence Capital efficiency 11.6/25 · ROCE 10.2% · Operating margin 4.6% · 100% evidence Valuation 7.9/20 · P/E 71.1× · PEG 1.81 · 65% evidence Relative strength 18.3/20 · Lead over its industry 47.1% · Lead over NIFTY 500 60.5% · 1 year 146.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.3 + 11.6 + 7.9 + 18.3 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Tembo Global Industries Ltd](https://www.sectoralpha.in/stocks/tembo-global-industries-ltd) TEMBO · losing its lead · Evidence leans up · 71% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 34% · Profit 55.7% · Operating margin change 5 points · 83% evidence Capital efficiency 19.6/25 · ROCE 22.8% · Operating margin 16% · 76% evidence Valuation 11.2/20 · P/E 9.3× · PEG n/a · 15% evidence Relative strength 7.0/20 · Lead over its industry -19.2% · Lead over NIFTY 500 -8.7% · 1 year -20.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 21.6 + 19.6 + 11.2 + 7 = 59.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Rashi Peripherals Ltd](https://www.sectoralpha.in/stocks/rashi-peripherals-ltd) RPTECH · losing its lead · Evidence leans up · 78% evidence 59.3 out of 100 Growth Capital Valuation Relative
12. [Sudarshan Pharma Industries Ltd](https://www.sectoralpha.in/stocks/sudarshan-pharma-industries-ltd) SUDARSHAN · turning · Evidence leans up · 85% evidence 58.7 out of 100 Growth Capital Valuation Relative
13. [Singer India Ltd](https://www.sectoralpha.in/stocks/singer-india-ltd) SINGERIND · Evidence leans up · 61% evidence 58.0 out of 100 Growth Capital Valuation Relative
14. [Euro Pratik Sales Ltd](https://www.sectoralpha.in/stocks/euro-pratik-sales-ltd) EUROPRATIK · quiet · Evidence leans up · 64% evidence 57.5 out of 100 Growth Capital Valuation Relative
15. [Pramara Promotions Ltd](https://www.sectoralpha.in/stocks/pramara-promotions-ltd) PRAMARA · Too little evidence to rank firmly · 52% evidence 54.6 out of 100 Growth Capital Valuation Relative
16. [State Trading Corporation of India Ltd](https://www.sectoralpha.in/stocks/state-trading-corporation-of-india-ltd) STCINDIA · quiet · Too little evidence to rank firmly · 57% evidence 53.4 out of 100 Growth Capital Valuation Relative
17. [Patel Retail Ltd](https://www.sectoralpha.in/stocks/patel-retail-ltd) PATELRMART · turning · Evidence leans up · 64% evidence 53.2 out of 100 Growth Capital Valuation Relative
18. [Yogi Ltd](https://www.sectoralpha.in/stocks/yogi-ltd) YOGI · quiet · Evidence leans up · 64% evidence 51.2 out of 100 Growth Capital Valuation Relative
19. [Transchem Ltd](https://www.sectoralpha.in/stocks/transchem-ltd) TRANSCHEM · Too little evidence to rank firmly · 52% evidence 51.0 out of 100 Growth Capital Valuation Relative
20. [Prostarm Info Systems Ltd](https://www.sectoralpha.in/stocks/prostarm-info-systems-ltd) PROSTARM · breaking out · Evidence leans up · 64% evidence 50.8 out of 100 Growth Capital Valuation Relative
21. [Dhunseri Ventures Ltd](https://www.sectoralpha.in/stocks/dhunseri-ventures-ltd) DVL · breaking out · Evidence leans up · 78% evidence 50.6 out of 100 Growth Capital Valuation Relative
22. Bizotic Commercial Ltd losing its lead · Evidence leans up · 63% evidence 50.5 out of 100 Growth Capital Valuation Relative
23. BMW Ventures Ltd BMW · Too little evidence to rank firmly · 51% evidence 50.2 out of 100 Growth Capital Valuation Relative
24. [Cropster Agro Ltd](https://www.sectoralpha.in/stocks/cropster-agro-ltd) quiet · Evidence leans down · 65% evidence 49.1 out of 100 Growth Capital Valuation Relative
25. [MMTC Ltd](https://www.sectoralpha.in/stocks/mmtc-ltd) MMTC · quiet · Evidence leans down · 92% evidence 47.2 out of 100 Growth Capital Valuation Relative
26. [Shiv Aum Steels Ltd](https://www.sectoralpha.in/stocks/shiv-aum-steels-ltd) SHIVAUM · breaking out · Evidence leans down · 63% evidence 46.8 out of 100 Growth Capital Valuation Relative
27. [Blue Pearl Agriventures Ltd](https://www.sectoralpha.in/stocks/blue-pearl-agriventures-ltd) BPAGRI · Too little evidence to rank firmly · 51% evidence 43.8 out of 100 Growth Capital Valuation Relative
28. [Lloyds Enterprises Ltd](https://www.sectoralpha.in/stocks/lloyds-enterprises-ltd) LLOYDSENT · quiet · Evidence leans down · 71% evidence 43.1 out of 100 Growth Capital Valuation Relative
29. [Hexa Tradex Ltd](https://www.sectoralpha.in/stocks/hexa-tradex-ltd) HEXATRADEX · breaking out · Evidence leans down · 64% evidence 39.9 out of 100 Growth Capital Valuation Relative
30. [Shanti Overseas (India) Ltd](https://www.sectoralpha.in/stocks/shanti-overseas-indialtd) SHANTI · Evidence leans down · 61% evidence 39.3 out of 100 Growth Capital Valuation Relative
31. [Riddhi Siddhi Gluco Biols Ltd](https://www.sectoralpha.in/stocks/riddhi-siddhi-gluco-biols-ltd) turning · Evidence leans down · 83% evidence 38.9 out of 100 Growth Capital Valuation Relative
32. [Hardwyn India Ltd](https://www.sectoralpha.in/stocks/hardwyn-india-ltd) HARDWYN · basing · Evidence leans down · 86% evidence 38.8 out of 100 Growth Capital Valuation Relative
33. [Adani Enterprises Ltd](https://www.sectoralpha.in/stocks/adani-enterprises-ltd) ADANIENT · quiet · Evidence leans down · 93% evidence 38.1 out of 100 Growth Capital Valuation Relative
34. [PTC India Ltd](https://www.sectoralpha.in/stocks/ptc-india-ltd) PTC · quiet · Evidence leans down · 78% evidence 37.4 out of 100 Growth Capital Valuation Relative
35. [Le Merite Exports Ltd](https://www.sectoralpha.in/stocks/le-merite-exports-ltd) LEMERITE · Too little evidence to rank firmly · 59% evidence 36.8 out of 100 Growth Capital Valuation Relative
36. [Fabtech Technologies Ltd](https://www.sectoralpha.in/stocks/fabtech-technologies-ltd) FABTECH · quiet · Evidence leans down · 68% evidence 36.7 out of 100 Growth Capital Valuation Relative
37. [Uniphos Enterprises Ltd](https://www.sectoralpha.in/stocks/uniphos-enterprises-ltd) UNIENTER · turning · Too little evidence to rank firmly · 59% evidence 35.7 out of 100 Growth Capital Valuation Relative
38. Manbro Industries Ltd Too little evidence to rank firmly · 57% evidence 35.3 out of 100 Growth Capital Valuation Relative
39. Shah Foods Ltd quiet · Too little evidence to rank firmly · 53% evidence 35.3 out of 100 Growth Capital Valuation Relative
40. [BN Agrochem Ltd](https://www.sectoralpha.in/stocks/bn-agrochem-ltd) BNAGROCHEM · quiet · Most evidence points down · 64% evidence 34.1 out of 100 Growth Capital Valuation Relative
41. [Neueon Corporation Ltd](https://www.sectoralpha.in/stocks/neueon-corporation-ltd) NEUEON · quiet · Too little evidence to rank firmly · 56% evidence 33.3 out of 100 Growth Capital Valuation Relative
42. [Kothari Industrial Corporation Ltd](https://www.sectoralpha.in/stocks/kothari-industrial-corporation-ltd) KOTIC · quiet · Too little evidence to rank firmly · 53% evidence 32.9 out of 100 Growth Capital Valuation Relative
43. [Oswal Agro Mills Ltd](https://www.sectoralpha.in/stocks/oswal-agro-mills-ltd) OSWALAGRO · Too little evidence to rank firmly · 52% evidence 28.6 out of 100 Growth Capital Valuation Relative
44. [Susan Electricals India Ltd](https://www.sectoralpha.in/stocks/susan-electricals-india-ltd) quiet · Too little evidence to rank firmly · 36% evidence 61.2 out of 100 Growth Capital Valuation Relative
45. [Magnus Steel & Infra Ltd](https://www.sectoralpha.in/stocks/magnus-steel-infra-ltd) Too little evidence to rank firmly · 40% evidence 61.1 out of 100 Growth Capital Valuation Relative
46. [Vision Infra Equipment Solutions Ltd](https://www.sectoralpha.in/stocks/vision-infra-equipment-solutions-ltd) VIESL · breaking out · Too little evidence to rank firmly · 47% evidence 58.5 out of 100 Growth Capital Valuation Relative
47. [Q-Line Biotech Ltd](https://www.sectoralpha.in/stocks/q-line-biotech-ltd) QLINE · losing its lead · Too little evidence to rank firmly · 21% evidence 57.8 out of 100 Growth Capital Valuation Relative
48. Aayush Art and Bullion Ltd breaking out · Too little evidence to rank firmly · 48% evidence 57.1 out of 100 Growth Capital Valuation Relative
49. [HP Telecom India Ltd](https://www.sectoralpha.in/stocks/hp-telecom-india-ltd) HPTL · Too little evidence to rank firmly · 32% evidence 57.1 out of 100 Growth Capital Valuation Relative
50. [SK Minerals & Additives Ltd](https://www.sectoralpha.in/stocks/sk-minerals-additives-ltd) quiet · Too little evidence to rank firmly · 43% evidence 55.9 out of 100 Growth Capital Valuation Relative
51. [Aptus Pharma Ltd](https://www.sectoralpha.in/stocks/aptus-pharma-ltd) Too little evidence to rank firmly · 41% evidence 55.6 out of 100 Growth Capital Valuation Relative
52. [Mardia Samyoung Capillary Tubes Company Ltd](https://www.sectoralpha.in/stocks/mardia-samyoung-capillary-tubes-company-ltd) MSCTC · Too little evidence to rank firmly · 26% evidence 55.3 out of 100 Growth Capital Valuation Relative
53. [Proventus Agrocom Ltd](https://www.sectoralpha.in/stocks/proventus-agrocom-ltd) PROV · breaking out · Too little evidence to rank firmly · 39% evidence 54.1 out of 100 Growth Capital Valuation Relative
54. [Pervasive Commodities Ltd](https://www.sectoralpha.in/stocks/pervasive-commodities-ltd) breaking out · Too little evidence to rank firmly · 48% evidence 51.8 out of 100 Growth Capital Valuation Relative
55. [Monika Alcobev Ltd](https://www.sectoralpha.in/stocks/monika-alcobev-ltd) MONIKA · Too little evidence to rank firmly · 27% evidence 49.9 out of 100 Growth Capital Valuation Relative
56. [Onix Solar Energy Ltd](https://www.sectoralpha.in/stocks/onix-solar-energy-ltd) ONIXSOLAR · quiet · Too little evidence to rank firmly · 47% evidence 45.8 out of 100 Growth Capital Valuation Relative
57. Arvaya Healthcare Ltd ARVAYA · quiet · Too little evidence to rank firmly · 46% evidence 45.4 out of 100 Growth Capital Valuation Relative
58. [A-1 Ltd](https://www.sectoralpha.in/stocks/a-1-ltd) A1L · Too little evidence to rank firmly · 33% evidence 45.3 out of 100 Growth Capital Valuation Relative
59. [Satani Bearings Ltd](https://www.sectoralpha.in/stocks/satani-bearings-ltd) breaking out · Too little evidence to rank firmly · 42% evidence 42.9 out of 100 Growth Capital Valuation Relative
60. [Keto Motors Ltd](https://www.sectoralpha.in/stocks/keto-motors-ltd) quiet · Too little evidence to rank firmly · 42% evidence 40.9 out of 100 Growth Capital Valuation Relative
61. [Aerpace Industries Ltd](https://www.sectoralpha.in/stocks/aerpace-industries-ltd) breaking out · Too little evidence to rank firmly · 36% evidence 37.9 out of 100 Growth Capital Valuation Relative
62. [Prabhatam Infra Venture Ltd](https://www.sectoralpha.in/stocks/prabhatam-infra-venture-ltd) PRABHATAM · Too little evidence to rank firmly · 22% evidence 36.8 out of 100 Growth Capital Valuation Relative
63. [RRP Semiconductor Ltd](https://www.sectoralpha.in/stocks/rrp-semiconductor-ltd) RRP · Too little evidence to rank firmly · 42% evidence 34.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Trading](https://www.sectoralpha.in/sectors/trading), all 63 compared on one page. ## Which companies are close to Nupur Recyclers in size? Nupur Recyclers is the 16th largest of 59 Trading companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Keto Motors, Q-Line Biotech and Arisinfra Solutions. Just below it: Ivalue Infosolutions, BN Agrochem and Pervasive Commodities. ### Trading companies close in size

1. [Keto Motors Ltd](https://www.sectoralpha.in/stocks/keto-motors-ltd) ₹1,211 crore
2. [Q-Line Biotech Ltd](https://www.sectoralpha.in/stocks/q-line-biotech-ltd) ₹1,196 crore
3. [Arisinfra Solutions Ltd](https://www.sectoralpha.in/stocks/arisinfra-solutions-ltd) ₹1,138 crore
4. Nupur Recyclers Ltd ₹1,105 crore
5. [Ivalue Infosolutions Ltd](https://www.sectoralpha.in/stocks/ivalue-infosolutions-ltd) ₹1,078 crore
6. [BN Agrochem Ltd](https://www.sectoralpha.in/stocks/bn-agrochem-ltd) ₹1,076 crore
7. [Pervasive Commodities Ltd](https://www.sectoralpha.in/stocks/pervasive-commodities-ltd) ₹1,060 crore

[All 59 Trading companies, largest first](https://www.sectoralpha.in/sectors/trading#all-companies)

### Companies close in size in other industries

1. [Roto Pumps Ltd](https://www.sectoralpha.in/stocks/roto-pumps-ltd) ₹1,108 crore · Pumps
2. [Mangalam Worldwide Ltd](https://www.sectoralpha.in/stocks/mangalam-worldwide-ltd) ₹1,105 crore · Steel
3. Nupur Recyclers Ltd ₹1,105 crore
4. [K.P. Energy Ltd](https://www.sectoralpha.in/stocks/kp-energy-ltd) ₹1,104 crore · Engineering - Turnkey Services
5. [Vardhman Holdings Ltd](https://www.sectoralpha.in/stocks/vardhman-holdings-ltd) ₹1,100 crore · Finance - Holding Company

## What else do people ask about Nupur Recyclers? ### What is Nupur Recyclers's share price today? Nupur Recyclers Ltd's share price is ₹172.09, +152.6% over the past year. The whole company is worth ₹1,188 Cr on the market. It is at its highest price of the past 52 weeks (range ₹48 to ₹172), 65.1% above its 200-day average. The price has been rising for 20 weeks (as of 3 November 2026). ### What were Nupur Recyclers's latest quarterly results? Nupur Recyclers Ltd reported revenue of ₹79.3 Cr and net profit of ₹7.4 Cr for the Jun 2026 quarter. Revenue rose 55.6% and profit rose 82.5% compared with a year earlier. Earnings per share were ₹0.94. The operating margin was 11.6%, 3.7 percentage points higher than a year earlier (as of 3 November 2026). ### What is Nupur Recyclers's market cap? Nupur Recyclers Ltd's market capitalisation is ₹1,188 Cr at a share price of ₹172.09. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Nupur Recyclers performing? Nupur Recyclers Ltd's share price has been rising for 20 weeks. In its latest quarter, revenue rose 55.6% and profit rose 82.5% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 34 weeks running (as of 3 November 2026). ### Will Nupur Recyclers's share price go up? This page does not forecast Nupur Recyclers Ltd's share price. What it shows instead: the share price is ₹172.09, and it has been rising for 20 weeks. Its P/E of 69.3× is higher than 86% of its own last 3 years (as of 3 November 2026). ### Who owns Nupur Recyclers? Promoters own 73.6% of Nupur Recyclers Ltd, foreign institutions 1.3%, domestic institutions 0.1% and the public 25.0% (latest quarter). The biggest change over the last two years: Foreign institutions raised their stake by 1.3 percentage points over 8 quarters (as of 3 November 2026). ### Where is Nupur Recyclers in its business cycle? Nupur Recyclers Ltd's FY26 operating margin was 8.0%, against a 4-year range of 3.0% to 10.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 11.6%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Nupur Recyclers story? The main question: profits are rising, but only −29% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Nupur Recyclers a stock worth studying right now? What the numbers show: Nupur Recyclers Ltd's share price has risen faster than its earnings: +152.6% in a year, against −2.4% for earnings per share. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Nupur Recyclers share price forecast for 2026? What management itself guided: Current-year profit around ₹35-40 crore. What would change the story: A consecutive decline in operating margin below 4% combined with working capital days exceeding 200. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

This is research, not advice. We’re not SEBI-registered.