Data & Sources
Methodology, caveats, the full charted data table, and every primary source behind this dashboard.
Methodology & caveats
- Built Jul 16, 2026; refreshed Aug 7, 2026 with Q1 FY27 results, Aug 6–7 quotes, the LME squeeze data, USD/INR, and the Hindustan Copper miner lens. Key figures cross-checked across ≥2 sources; both math models calibrated against reported FY26 actuals before publishing (HCL model within 0.2% on revenue, 0.7% on EBITDA).
- Aug refresh caveats: Sunlite's Q1 copper volume (5,743 MT) comes via your AniGup note + the Aug-4 business update, not independently re-verified from the NSE PDF (retrieval failed); Jain's ₹31,027 copper EBITDA/t is implied (segment EBITDA ÷ volume), not company-quoted; LME on-warrant ~94kt is the last verified print; Yangshan premium direction is disputed between sources ($110 falling vs $115 rising); the Section 232 Commerce decision (due Jun 30) has no confirmed outcome; Gravita's 52-wk-high distance is approximate. The LME price deck and squeeze framework come from this project's lme-copper-price-outlook-aug2026 note; HCL fundamentals from the hindustan-copper research note (both Aug 6, 2026).
- Known unverified items: Sunlite pledge status (secondary source only) and exact capacity (AR says 23,212 MTPA; concall says ~25–30k); Vidya pledge status and cash balance (EV/EBITDA estimated); Bhagyanagar land-bank value (~₹1,000 cr is a management claim) and the reason for promoter stake decline; Pondy post-June promoter % (~36.4% derived, Jun-26 SHP unpublished); Jain lock-in dates (computed from ICDR rules) and the SEBI order's primary text.
- EV/EBITDA figures marked ~ are computed, not provider-published. ROCE follows screener.in methodology; managements sometimes state lower (Pondy: 17%).
- FY26 = financial year ended March 31, 2026. "1-yr return" for Vidya (listed Dec 2025) and Jain (listed Oct 2025) is return over issue price.
- Rankings and "takes" are my analytical judgment from this evidence — reasonable people can weight governance vs growth differently.
Full data table (as charted)
| Company | Price | MCap ₹cr | P/E | P/B | EV/EBITDA | Rev FY26 ₹cr | Rev g FY26 | 3y CAGR | EBITDA m. | PAT ₹cr | Q1FY27 rev | Q1 YoY | Q1 PAT | ROCE | ROE | D/E | CFO/PAT 4y | Promoter | Pledge | Off 52w high |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sunlite RecyclingSUNLITE · SME | ₹477 | 658 | 16.2 | 4.1 | ~10.5 | 2,765 | 97.9% | 34% | 2.2% | 40 | 783.8 | +74.6% | n/a (SME) | 47% | 36% | 0.1 | 28% | 74.5% | ~Nil* | -18% |
| Vidya WiresVIDYAWIRES | ₹94.2 | 2,005 | 34.8 | 4.2 | ~23 | 1,840 | 24.4% | 22.4% | 4.7% | 58 | Aug 11 | — | — | 20.7% | 17.8% | 0.2 | 10% | 72.8% | None rep.* | -20% |
| Bhagyanagar IndiaBHAGYANGR | ₹384 | 1,219 | 19.4 | 4.6 | ~14 | 2,378 | 46.3% | 8.8% | 4.5% | 50 | 705.1 | +45.2% | 20.3 | 21% | 22% | 1 | -24% | 64.8% | 6.1% prom. | -11% |
| Pondy OxidesPOCL (post-split) | ₹494 | 3,768 | 25.5 | 4.4 | ~17 | 2,939 | 44.9% | 25.9% | 7.3% | 139 | 930.9 | +56% | 36.3 | 23.9% | 19.5% | 0.2 | -1% | 39.3% | Nil | -24% |
| Jain ResourceJAINREC | ₹323 | 11,131 | 31 | 6.8 | ~21 | 9,543 | 33.9% | 46% | 5.8% | 347 | 2,724.5 | +76% | 69.4 | 25% | 30% | 0.8 | -67% | 73.6% | Nil | -46% |
| Gravita IndiaGRAVITA | ₹1,719 | 12,471 | 31.8 | 4.7 | ~29 | 4,265 | 10.2% | 15.1% | 10% | 378 | 1,475 | +42% | 106.4 | 17% | 16.8% | 0.3 | 61% | 55.9% | Nil | -39% |
Sunlite Recycling
Vidya Wires
Bhagyanagar India
Pondy Oxides
Jain Resource Recycling
Gravita & extended peers
Hindustan Copper & Q1 FY27 refresh (Aug 2026)
- Screener.in — HINDCOPPER · Google Finance quote
- PIB — HCL FY26 results & production (official)
- Anand Rathi initiating coverage (Nov 2025) · ICRA AA+ rationale
- Vision 2030 capex ₹7,189 cr · Chile/Codelco process
- POCL Q1 FY27 slides · JAINREC Q1 · Gravita Q1 + RMIL · Bhagyanagar Q1
- Sunlite investor presentation (Jul 8, 2026)
- Westmetall LME settlements (Aug 3–6) · LME weekly review · USD/INR forwards · TradingEconomics INR
Macro & policy
- Goldman Sachs 2026 copper outlook
- Westmetall LME cash prices
- SMM — H1 2026 scrap payability review
- IEA — smelter TC/RC pressure & scrap pivot
- ICRA India copper demand (Feb 2026)
- Recycled-content mandate rules (Aug 2024)
- DownToEarth — EPR framework critique
- Zero scrap duty, Budget 2025-26
- EU copper-scrap export duties (Dec 2025)
- Adani Kutch LME brand (Jul 7, 2026)
This dashboard is research and analysis, not investment advice. I'm not a financial advisor; multiples, prices and plans change — verify against primary filings before acting. Several names are SME-listed with lot-size and liquidity constraints. Past multibagger returns in this group (Sunlite +176%, Bhagyanagar ~+350% in a year) tell you about the cycle, not the future.