CMR Green Technologies Ltd

CMRGREEN Stock Summary · July 2026

Robust growth and continued expansion underpinned the call, with consolidated FY26 revenue rising to INR 8,640 crore and EBITDA expanding to INR 449 crore as management emphasized scale-driven margin improvement and aggressive capacity build‑out. Management struck a constructive tone on strategy — prioritizing capacity ramps (from roughly 605,000 to about 700,000 tonnes by end‑FY27), product diversification into higher‑value alloys and wrought products, rapid technology adoption via JVs and in‑house IP, and commercial traction for its liquid‑metal offering — while acknowledging near‑term headwinds around scrap sourcing disruptions and modest per‑tonne profitability. They reported FY26 volumes of 80,381 tonnes, noted an EBITDA run‑rate of about INR 11+ per tonne, and outlined mitigation for scrap risks through diversified global procurement and customer‑specific alloy development. Management also flagged regulatory and market dynamics — growing EV content and rising recycled‑content mandates — as structural demand drivers. Near term they guided capex of roughly INR 200 crore, reiterated a target to repeat ~25% volume growth in FY27 and expect FY28 to also be a strong year for volumes.