• Stock market debut: CMR Green Technologies listed at ₹268 per share, delivering a listing gain of nearly 40% over its issue price of ₹192.
• Margin and ROCE: Management views profitability on a stable rupees-per-ton conversion basis rather than percentage margins, noting the recycling business typically delivers an ROCE between 20% and 25%.
• Non-aluminium diversification: The company signed an MoU with Hindustan Zinc to establish a zinc alloy manufacturing plant, building on a non-aluminium segment that contributed approximately 22% of FY25 revenue.
• Revenue growth outlook: Management expects to match or exceed its historical CAGR of 23%, driven by auto-industry demand for cast alloys and expanding sheet and extrusion demand across EV, solar, and construction sectors.