Investor presentationMay 2026
May 2026 · PPT
Source: Nse
Lead Reclaim And Rubber Products Ltd. (LRRPL)
SME CapIndustrials stocks · SME cap · NSE
Lead Reclaim And Rubber Products Ltd. (LRRPL) converts waste rubber into high-quality, sustainable rubber products like whole tyre reclaim rubber, butyl tube reclaim rubber, natural tube reclaim rubber, rubber crumbs, and chips. It caters to Tyre, tube, conveyor belt, automobile parts, and infrastructure industries. The company is expanding into higher-margin verticals like Tyre pyrolysis, recover carbon black, and EPDM rubber.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals18 Oct 2026 · screener
Latest result16 May, 04:09 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
70Bullishfull bull SMA stack · SMA20 +12.3% / mo · MACD +
Stock trend: 83
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
LRRPLD candles · FIT view+32.9%Latest close ₹102.30 on 2026-10-19
Bar
+0.0%
RSI
57
MACD hist
0.26
52W pos
79%
2026-10-19O ₹102.30H ₹102.30L ₹102.30C ₹102.30Vol 1,500 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
LRRPLNifty India ManufacturingNifty 500
- LRRPL
- +13.5%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +19.1 pp
Chart stats
19 Oct 2026- From 52W high
- -9.9%
- 52W range position
- 79%
- ATR (14)
- 3.6%
- Volume vs 20D
- 0.14x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹89.6 - ₹113.6
₹113.6
₹59.2 - ₹113.6
₹3.7
Latest completed session
20-session average
66.7% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE48
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Bullish70
Price trend and sector-relative-strength timing.
Valuation
Legacy model+44.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence64
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Pending dataYoY comparison unavailable - result verdict pending data
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹17.9 Cr | NDF | -18.2% |
| EBITDA | ₹5.7 Cr | NDF | +102.1% |
| Operating margin | 31.8% | NDF | +1893 bps |
| PAT | ₹3.1 Cr | NDF | +213.1% |
| PAT margin | 17.3% | NDF | +1278 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 25.60
- P/B
- 3.86
- EV/EBITDA
- 11.00
- Market Cap
- 105.00Cr
Profitability
- ROE
- 18.50%
- ROCE
- 21.40%
- ROA
- 10.06%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 64.20%
- EPS 5Y
- 232.07%
- Revenue 3Y
- 34.00%
- EPS 3Y
- 34.00%
Balance Sheet
- Debt/Equity
- 0.52
- Interest Coverage
- 9.52×
- Altman Z
- 6.27
- Book Value
- 28.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 5.34 Cr
- EPS TTM
- 4.72
Shareholding
- Promoter Hold
- 53.24%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 89%
Financial History
Updated 18/10/2026
Revenue
₹ CrLatest: 17.9-18.2% vs prev
Net Profit
₹ CrLatest: 3.1+213.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 57.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~10.9% over last month) — short-term momentum positive.
- RSI(14) at 57 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 10% off 52W high · 73% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
83
RS percentile
Stage 2 UptrendEstablished S2
1M return
+13.7%
3M return
+10.6%
6M return
+40.5%
1Y return
+23.2%
RS 1D
-2
RS 20D
+19
Sector rank
#2
Industry rank
#4
Stage evidence
- Price is 22.3% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +5.5%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
01 Jun 2026
S2 age
86 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
221 observations
19 Oct 2026Value 134.44-3.94%
RS vs Nifty 500134
Valuation & peers
U-Score 48 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 48 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation11/30
Growth21/25
Quality12/20
Balance Sheet7/15
Cash Flow1/10
Piotroski
8/9 (+5)
Penalties
-9
Raw sum
48
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
48/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 44.9%.
- Growth contributes 21/25 to the score.
Main drags
- Penalty bucket subtracts 9 points.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Valuation is weaker at 11/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
25.6
PB
3.9
EV/EBITDA
11.0
ROE
18.5%
ROCE
21.4%
FCF Yield
—
Debt/Equity
0.5
MoS
+44.9%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
48
Previous: 48
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+44.9%
Previous: +44.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
49
49
49
49
49
49
49
49
48
48
48
48
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹54.53
-87.6% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹185.5
+44.9% MoS
PEG
0.17
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GRPLTD
Small
GRP Limited
Rubber Products
match 64
26
146.0
2.5%
-331%
OVERVALUED
PENTAGON
SME
Pentagon Rubber Ltd.
Rubber Products
match 56
16
35.8
5.6%
+19%
OVERVALUED
GRCL
SME
Gayatri Rubbers And Chemicals Ltd.
Rubber Products
match 44
54
61.3
33.1%
-54%
FAIR VALUE
ELGIRUBCO
Small
Elgi Rubber Company Limited
Rubber Products
match 38
4
—
-67.5%
—
OVERVALUED
RUBFILA
Small
Rubfila International Limited
Rubber Products
match 37
40
13.3
8.8%
-152%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-08-19T08:19:04.957Z
Management commentary snapshot
LRRPL reported strong FY26 results with revenue up 28% YoY to INR 39.82 Cr, EBITDA surging 130% to INR 8.52 Cr, and PAT increasing 180% to INR 4.09 Cr. EPS expanded 150% YoY. Working capital days reduced from 96 to 60, improving ROCE to 28% and ROE to 60%. H2 FY26 revenue declined 18% QoQ due to lower exports.
The company delivered robust FY26 financial performance, driven by operational efficiencies and strategic investments. Aggressive expansion into higher-margin products and captive solar power are expected to sustain profitability. While H2 revenue saw a QoQ dip from lower exports, the overall growth trajectory and capacity ramp-up plans support the long-term thesis.
Growth engines
Expansion into Higher Margin Verticals
Aggressively expanding into Tyre pyrolysis, recover carbon black, EPDM rubber, rubber chips, rubber powders, and crumb rubbers.
Increased Manufacturing Footprint
Significantly enhancing manufacturing footprint and expanding installed capacity from 960 MT/month to 2400 MT/month across all verticals post expansion.
Captive Solar Power
Strategically invested in captive solar power to meaningfully reduce electricity expenses and improve EBITDA margins.
Structural Industry Growth
The industry is entering a strong structural growth phase driven by sustainability initiatives, increased adoption of recycled materials, and EPR regulations.
Capacity and execution
Overall Installed Capacity Expansion
Installed capacity production to increase from 960 metric tons per month to 2400 metric tons per month across all verticals post expansion.
Current Reclaim Rubber Capacity
Currently, reclaim rubber capacity is 960 metric tons per month.
GPCB Licensed Capacity
Received license from GPCB for 1960 metric tons per month.
Total Capacity Post EPDM
Total capacity will reach 4200 metric tons per month after EPDM.
Tailwinds
Sustainability Initiatives & EPR
Strong structural growth phase in the recycling industry driven by sustainability initiatives and implementation of EPR regulations.
Reduced Raw Material Costs from Imports
Sourcing from outside the country can result in lower purchase/production costs compared to the domestic market.
Export Opportunities for TPO
Focusing on exporting TPO as fuel to nearby countries where LDO is required for jet fuel consumption.
Headwinds
H2 FY26 Revenue Decline
H2 FY26 revenue declined by 18% compared to H1 FY26 due to geographical effect, as exports went down.
Dependency on Government Compliances
Operationalization of TPO and RCB plants is dependent on government compliances and approvals.
TPO Export Quality & Compliances
Exporting TPO requires matching quality from BIS standards and other compliances.
Risk radar
Regulatory Approvals for New Plants
Operationalization of TPO and RCB plants is subject to government compliances and approvals, potentially delaying timelines.
Raw Material Price Volatility
Scrap prices and procurement cycles depend on monsoon conditions, leading to inventory build-up for strategic benefits.
Future Funding Requirements
More funds will be required in FY27 and FY28 for the next phase of expansion, beyond current fundraising for land and construction.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
FY26 financial results (revenue, EBITDA, PAT, EPS) are reported on a Year-on-Year basis, indicating overall growth. However, H2 FY26 revenue decline is noted Quarter-on-Quarter, highlighting recent sequential trends and seasonality in exports.
Sector KPIs management disclosed
Revenue (FY26)
Reported revenue of INR 39.82 crore, representing a growth of nearly 28% year on year.
EBITDA (FY26)
EBITDA grew strongly by over 130% to INR 8.52 crore.
PAT (FY26)
Profit after tax increased by more than 180% to INR 4.09 crore.
EPS (FY26)
Resulted in EPS expansion of 150% year on year.
Management forward view
Focus on Execution and Value Creation
Remain focused on fast execution, stable growth, and long-term value creation for all partners, stakeholders, and investors.
Margin Sustainability and Improvement
Believe margins are sustainable going forward, especially once EPDM and TPO operations start, and will try to increase profit margins.
Export Growth Target
Targeting to reach 20-25% exports in the current financial year, focusing on geographically nearby countries.
TPO Quality Standardization
Planning for BIS standards and purchasing machinery to match quality for TPO, working according to export documents and compliances.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Capacity Utilization | 45% | Ramp-up to 60-75% post capex, and 80% once the TPO plant is fully operational. |
| EPDM Plant Operationalization | Not yet operational | Commissioning by October 2026. |
| TPO/RCB Plant Operationalization | Not yet operational | Commissioning by December 2026, subject to government compliances. |
| Export Contribution to Sales | 6% | Increase to 20-25% in the current financial year. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
64Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 42nd percentile of the scored universe and 40th percentile within Industrials. Main check: cash conversion is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
1 docs text-extracted · 1 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
42nd percentile
overall median 67 · Industrials: 40th pctile, median 68 · SME: 51st pctile, median 64
Evidence depth
Financial-only
1 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
60
acceptable · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
45
watch · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸ROCE is 21.3%.
Trust risks
- ▸Promoter holding fell 6.2%.
- ▸Only 0 years of positive FCF.
- ▸OPM spread across recent quarters is 21.3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Lead Reclaim And Rubber Products Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptMay 2026
May 2026 · Transcript
Source: Company Ir
Annual reportMar 2026
Mar 2026 · General Updates 2 Oct - FY2025-26 annual report adopted; revenue 39.82 crore, PAT 4.09 crore, capacity 4,200 MT/month.
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Investor presentationNov 2025
Nov 2025 · PPT
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.