Heavy metal contamination in water resources is a major issue worldwide. Metals released into the environment endanger human health, owing to their persistence and absorption into the food chain. Cadmium is a highly toxic heavy metal, which causes severe health hazards in human beings as well as in animals. To overcome the issue, current research focused on cadmium ion removal from the polluted water by using porous magnetic chitosan composite produced from Kaphal (Myrica esculenta) leaves. The synthesized composite was characterized by BET, XRD, FT-IR, FE-SEM with EDX, and VSM to understand the structural, textural, surface functional, morphological-compositional, and magnetic properties, respectively, that contributed to the adsorption of Cd. The maximum Cd adsorption capacities observed for the Fe3O4 nanoparticles (MNPs) and porous magnetic chitosan (MCS) composite were 290 mg/g and 426 mg/g, respectively. Both the adsorption processes followed second-order kinetics. Batch adsorption studies were carried out to understand the optimum conditions for the fast adsorption process. Both the adsorbents could be regenerated for up to seven cycles without appreciable loss in adsorption capacity. The porous magnetic chitosan composite showed improved adsorption compared to MNPs. The mechanism for cadmium ion adsorption by MNPs and MCS has been postulated. Magnetic-modified chitosan-based composites that exhibit high adsorption efficiency, regeneration, and easy separation from a solution have broad development prospects in various industrial sewage and wastewater treatment fields.