Recently listed stock has gained 13.19% since its September debut, drawing significant investor attention. Notably, ace investor Ashish Kacholia features prominently in its shareholding pattern, signaling strong confidence. The stock’s robust start and backing by a reputed investor have made it a hot topic among market watchers and potential investors alike.
With a market capitalization of Rs 10,694 crore, the shares of Jain Resource Recycling Ltd were trading at Rs 309.90 per share, up 2 percent as compared to the previous closing price of Rs 304.95 apiece.
Ashish Kacholia Investment
As of September 2025, Ashish Kacholia, via Suryavanshi Commotrade Private Limited, acquired 3,890,762 shares, representing a 1.13% stake, reflecting his confidence in the company. With holdings across 50 publicly disclosed stocks, his portfolio’s net worth exceeds Rs 2,865 crore, underscoring his status as a prominent investor with significant influence in India’s equity markets.
Financial & Operational highlights
The company delivered robust financial growth in FY24-25, with revenue rising 61% to Rs 7,126 crore from Rs 4,428 crore and net profit increasing 36% to Rs 223 crore from Rs 164 crore. Strong sales and improved profitability indicate effective operations and a positive outlook for continued business expansion.
Jain Resource Recycling’s 26.94-acre facility in Gummidipoondi centralizes its lead, copper, and aluminium recycling units, enabling cross-facility by-product utilization and reducing wastage.
Equipped with advanced furnaces and automatic casting lines, the company handles diverse scrap materials efficiently, achieves economies of scale, and benefits from proximity to Chennai and Ennore Ports for streamlined logistics.
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The company exports to over 20 countries, with export revenue growing at a 64.93% CAGR between FY23 and FY25, highlighting its strong international footprint. Strategic sourcing from over 120 countries through established trader networks ensures cost advantages, timely raw material delivery, and competitive pricing, strengthening its supply chain and supporting global operations.
Jain Resource Recycling IPO listed on BSE at Rs 265.05, delivering strong gains of Rs 33.05, a 14.25 percent premium over its issue price of Rs 232. With a sizable issue size of Rs 1,250 crore and a minimum investment of Rs 14,080 for 64 shares, it attracted solid investor interest between its September 24–26 bidding window. The price range was set at Rs 220– Rs 232.
Jain Resource Recycling, part of the Jain Metal Group, is involved in the recycling and production of non-ferrous metals in India. The company specialises in the recycling of lead, copper, and aluminium scrap into ingots, alloys, and other metal products.
Written by Abhishek Singh
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