Synopsis: Battery recycling stocks such as Gravita India, Pondy Oxides & Chemicals, Jain Resource Recycling, and NILE are benefiting from growing demand for recycled battery materials, supported by sustainability trends and the expanding electric vehicle ecosystem.
Battery recycling is becoming an important industry as the use of electric vehicles, energy storage systems, and electronic devices continues to grow. Recycling helps recover valuable materials such as lead, lithium, and other metals from used batteries, reducing environmental waste and lowering dependence on fresh mining. As governments and industries focus on sustainability, battery recycling companies are expected to play a key role in the circular economy.
In this article, we look at four battery recycling stocks with strong fundamentals that are well positioned to benefit from the rising demand for recycled battery materials and the growing shift toward cleaner and more sustainable technologies. Here are a few battery recycling stocks with Strong Fundamentals
Gravita India Limited
With a market capitalization of Rs. 12,562.20 crore, the shares of Gravita India Limited were currently trading at Rs. 1,702 per equity share, down nearly 2.40 percent from its previous day’s close price of Rs. 1,743.90.
Gravita India Limited is a renowned recycling firm that manufactures recycled lead, aluminium, and plastic goods. The corporation works in several nations and services sectors such as batteries, automobiles, and manufacturing. Its business approach is based on collecting valuable materials from garbage and utilising them in industrial applications.
Battery recycling is one of Gravita’s main activities. The firm gathers discarded lead-acid batteries and extracts lead, which is subsequently provided to battery makers. This approach helps to decrease environmental waste and dependency on mining. Gravita’s vast recycling capacity and global presence position it well to capitalise on rising demand for sustainable battery materials.
Coming into financial highlights, Gravita India Limited’s revenue has increased from Rs. 1,037 crore in Q4 FY25 to Rs. 1,173 crore in Q4 FY26, which has grown by 13.11 percent. The net profit has decreased by 3.15 percent from Rs. 95 crore in Q4 FY25 to Rs. 92 crore in Q4 FY26.
In terms of return ratios, the company’s ROCE and ROE stand at 17 percent and 16.8 percent, respectively. Gravita India Limited has an earnings per share (EPS) of Rs. 51.3, and its debt-to-equity ratio is 0.30x.
Pondy Oxides & Chemicals Limited
With a market capitalization of Rs. 4,129.85 crore, the shares of Pondy Oxides & Chemicals Limited were currently trading at Rs. 1,353.55 per equity share, down nearly 1.08 percent from its previous day’s close price of Rs. 1,368.30.
Pondy Oxides & Chemicals Limited (POCL) is a major recycling and metal-producing firm in India. The firm manufactures lead, lead alloys, copper, and plastic items for industries like batteries, electrical equipment, and automobiles. It has established a major presence in the circular economy through its recycling-focused businesses.
Battery recycling is one of POCL’s main operations. The firm recycles old lead-acid batteries and recovers lead for use in new batteries. This helps to decrease waste, conserve natural resources, and provide battery producers with a consistent supply of recycled materials.
Coming into financial highlights, Pondy Oxides & Chemicals Limited’s revenue has increased from Rs. 517 crore in Q4 FY25 to Rs. 932 crore in Q4 FY26, which has grown by 80.27 percent. The net profit has also grown by 111.11 percent from Rs. 18 crore in Q4 FY25 to Rs. 38 crore in Q4 FY26.
In terms of return ratios, the company’s ROCE and ROE stand at 23.9 percent and 20 percent, respectively. Pondy Oxides & Chemicals Limited has an earnings per share (EPS) of Rs. 45.5, and its debt-to-equity ratio is 0.19x.
Jain Resource Recycling Limited
With a market capitalization of Rs. 12,744.02 crore, the shares of Jain Resource Recycling Limited were currently trading at Rs. 369.30 per equity share, down nearly 2.84 percent from its previous day’s close price of Rs. 380.10.
Jain Resource Recycling Limited recycles and processes a variety of industrial waste materials to produce valuable goods. The firm focuses on sustainable resource recovery and helps companies by offering recycled raw materials. Its activities are in line with environmental standards and effective waste management procedures.
The company specialises in battery recycling, namely the recycling of spent lead-acid batteries. During the recycling process, precious lead is collected and returned to battery producers. This reduces environmental contamination, promotes resource conservation, and meets the rising need for recovered battery materials.
Coming into financial highlights, Jain Resource Recycling Limited’s revenue has increased from Rs. 1,760 crore in Q4 FY25 to Rs. 3,105 crore in Q4 FY26, which has grown by 76.42 percent. The net profit has also grown by 24.53 percent from Rs. 53 crore in Q4 FY25 to Rs. 66 crore in Q4 FY26.
In terms of return ratios, the company’s ROCE and ROE stand at 25.5 percent and 30.8 percent, respectively. Jain Resource Recycling Limited has an earnings per share (EPS) of Rs. 10.1, and its debt-to-equity ratio is 0.82x.
NILE Limited
With a market capitalization of Rs. 531.94 crore, the shares of NILE Limited were currently trading at Rs. 1,772 per equity share, rising nearly 0.21 percent from its previous day’s close price of Rs. 1,768.30.
NILE Limited is an Indian recycling company primarily focused on lead recycling and the production of lead alloys. The company supplies recycled lead to battery manufacturers and has built a strong presence in the domestic battery materials market. Its operations support the circular economy by converting waste into useful industrial raw materials.
NILE Limited’s primary business is battery recycling. The firm recycles discarded lead-acid batteries and recovers lead, which is subsequently utilised in the manufacture of new batteries. As the demand for automotive, industrial, and backup power batteries grows, NILE profits from the increased need for recycled lead while encouraging ecologically responsible recycling techniques.
Coming into financial highlights, NILE Limited’s revenue has increased from Rs. 190 crore in Q4 FY25 to Rs. 230 crore in Q4 FY26, which has grown by 21.05 percent. The net profit has also grown by 40 percent from Rs. 10 crore in Q4 FY25 to Rs. 14 crore in Q4 FY26.
In terms of return ratios, the company’s ROCE and ROE stand at 25.3 percent and 19 percent, respectively. NILE Limited has an earnings per share (EPS) of Rs. 184, and its debt-to-equity ratio is 0.04x.
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