Nupur Recyclers Limited – Investor Presentation Summary

Key Operational Highlights

  • Q2 FY27 was the strongest quarter in company history with 124.86% YoY revenue growth
  • Growth driven by higher volumes in core non-ferrous scrap business and growing contribution from subsidiaries
  • Diversified sourcing network across Europe, USA, and UAE enabled margin sustainability amid volatile metal prices
  • Frank Metals contributed ₹6,423 lakh in revenue with extrusion capacity fully utilized
  • Tycod Autotech utilization rose to ~30% from ~10% in Q1 FY27
  • Nupur Extrusion running at ~50% utilization

Segment-wise Performance

  • Core non-ferrous scrap business showed significant volume growth
  • Subsidiaries contributed substantially to overall performance with downstream operations scaling up
  • Value-added product mix approximately 70:30 (sold to third parties:own subsidiaries)

Financial Highlights

  • Revenue from Operations: ₹11,157 lakh (Q2 FY27)
  • Other Income: ₹464 lakh (Q2 FY27)
  • Total Income: ₹11,621 lakh (Q2 FY27)
  • EBITDA: ₹1,573 lakh (Q2 FY27)
  • PAT: ₹880 lakh (Q2 FY27)
  • EBITDA Margin: 14.1% (Q2 FY27)
  • PAT Margin: 7.9% (Q2 FY27)
  • YoY Comparison: Revenue up 128.8%, PAT up 103.1% vs Q2 FY26
  • QoQ Comparison: Revenue up 40.6%, PAT up 19.1% vs Q1 FY27
  • H1 FY27 Total Income: ₹19,924 lakh, up 90.3% YoY
  • H1 FY27 PAT: ₹1,618 lakh, up 93.2% YoY

Geographical Revenue Split

  • Sourcing network diversified across Europe, USA, and UAE
  • Domestic and export revenue split not specified

Balance Sheet Snapshot

  • Total Assets: ₹24,730 lakh (H1FY27)
  • Total Equity: ₹16,320 lakh (H1FY27)
  • Share Capital: ₹6,907 lakh (H1FY27)
  • Other Equity: ₹7,958 lakh (H1FY27)
  • Non-Controlling Interest: ₹1,455 lakh (H1FY27)
  • Total Non-current Liabilities: ₹3,807 lakh (H1FY27)
  • Total Current Liabilities: ₹4,603 lakh (H1FY27)
  • Financial Health: Low leverage, ~30-45 day customer payment cycle, strong balance sheet

Capex & Cash Flow Health

  • LFP battery recycling plant: ~₹50-70 crore investment, funded through internal accruals
  • No external debt for expansion projects
  • Capital allocation remains disciplined

Strategic & R&D Initiatives

  • Construction of 6,000 MTPA Lithium Iron Phosphate battery recycling facility at Sampla, Haryana underway
  • 5-acre land parcel with ~1,35,000 square feet covered area
  • Hydrometallurgical technology for recovery of battery materials
  • Frank Metals adding additional aluminium extrusion plant with capacity of ~3,600 MTPA
  • Nupur Extrusion adding ~150 MT per month incremental capacity to existing ~200 MT per month
  • Expected commissioning of all new capacities in Q4 FY27

Industry Trends & Business Environment

  • India generating ~1.25 lakh tonnes of LFP battery material annually
  • ~85-90% of India's EV battery demand expected to be LFP chemistry
  • Growing EV fleet, manufacturing rejects, and extended producer responsibility driving battery recycling need
  • India's focus on reducing import dependency for lithium and critical materials

Management Commentary & Growth Outlook

  • Two clear growth levers: operating leverage from improved utilization and incremental volume from new capacities
  • Target sustained revenue growth, improved margins, and richer value-added product mix
  • Remain disciplined in capital allocation and committed to strong balance sheet
  • LFP battery recycling plant positions company early in expected high-growth segment

Corporate Social Responsibility

  • FY 2025-26 CSR contribution: ₹25,25,600
  • Focus areas: education and rural empowerment since 2020
  • Key initiatives: Access to education, girls' education, holistic development, health & well-being
  • Gyan Daanam Gurukul initiative established in 2020 for rural education

Quality Certifications

  • Integrated ISO Management System: ISO 9001:2015 (Quality), ISO 14001:2015 (Environment), ISO 45001:2018 (Health & Safety)
  • Industry Affiliation: Material Recycling Association of India (Membership No. IMNDL373)
  • OEM Approvals: Tata Motors, Sundaram Fasteners, Lucas TVS, Ramkrishna Casting, Interpump Hydraulics