CMR Green Technologies IPO — Broker Reviews

The company is a leading player in non-ferrous metal recycling with strong OEM relationships and stable demand outlook. Valuation appears reasonable compared to industry peers.

Stable business model with steady growth, but margin volatility in FY24 and moderate ROE limits upside visibility. Suitable for medium to long-term investors.

Strong positioning in aluminium recycling with entry barriers and established customer base. Beneficiary of increasing decarbonization trends in metals industry.

Company shows stable top-line growth but profitability remains modest. IPO is fairly priced considering recent financial performance.

Long-term structural story in recycling and EV-linked aluminium demand supports positive outlook, though near-term margins remain cyclical.