Horizon Reclaim (India) Ltd
₹ 140
-4.45%
19 Oct
- close price
About
Incorporated in 2006, Horizon Reclaim (India)
Ltd. is engaged in the manufacturing of reclaimed rubber.[1]
Key Points
- Market Cap ₹ 272 Cr.
- Current Price ₹ 140
- High / Low ₹ 165 / 103
- Stock P/E 25.9
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 36.5 %
- ROE 53.6 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 48.3%
- Debtor days have improved from 40.7 to 25.0 days.
Cons
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 20 | 20 | 36 | 49 | |
| 19 | 19 | 26 | 34 | |
| Operating Profit | 1 | 1 | 10 | 16 |
| OPM % | 5% | 5% | 28% | 32% |
| 0 | 0 | 0 | 1 | |
| Interest | -0 | -0 | 0 | 1 |
| Depreciation | 0 | 0 | 1 | 1 |
| Profit before tax | 1 | 1 | 10 | 14 |
| Tax % | 26% | 25% | 27% | 27% |
| 1 | 1 | 7 | 10 | |
| EPS in Rs | 4.79 | 5.07 | 4.96 | 7.37 |
| Dividend Payout % | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 150% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| Last Year: | 54% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.75 | 0.75 | 14 | 14 |
| Reserves | 6 | 7 | 0 | 11 |
| -0 | -0 | 10 | 36 | |
| 1 | 1 | 2 | 4 | |
| Total Liabilities | 8 | 8 | 26 | 65 |
| 2 | 2 | 4 | 6 | |
| CWIP | -0 | 2 | 4 | 36 |
| Investments | -0 | -0 | -0 | -0 |
| 5 | 4 | 18 | 23 | |
| Total Assets | 8 | 8 | 26 | 65 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 1 | 1 | 2 | 10 | |
| -0 | -2 | -12 | -35 | |
| -0 | -0 | 10 | 25 | |
| Net Cash Flow | 0 | -0 | -0 | 0 |
| Free Cash Flow | 0 | -0 | -10 | -25 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 73% | 164% | 46% | 84% |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 57 | 43 | 54 | 25 |
| Inventory Days | 31 | 29 | 68 | 157 |
| Days Payable | 5 | 11 | 3 | 20 |
| Cash Conversion Cycle | 83 | 61 | 119 | 162 |
| Working Capital Days | 62 | 49 | -8 | -52 |
| ROCE % | 12% | 62% | 36% |
Documents
Announcements
-
Resubmission Of Revised Business Update - H1 FY 2026-27
- Revised H1 FY27 business update: revenue ₹28.17 Cr, Rajkot pyrolysis facility commissioned July 20, 2026.
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Business Update For Half Year Ended Sep 30, 2026
- H1 FY27 business update: revenue 2,817.98 Cr, Rajkot pyrolysis facility commissioned and commercial sales began July 20, 2026.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- The certificate received from Kfin Technologies Limited, the Registrar ....
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 20th AGM voting results released on October 1, 2026; all 3 resolutions passed unanimously.
-
Regulation 44(3) Of SEBI (LODR) Regulations, 2015-Details Of Voting Results At The 20Th Annual General Meeting Of Horizon Reclaim (India) Limited
- 20th AGM voting results released; all three resolutions passed with requisite majority on September 30, 2026.
Concalls
-
Aug 2026PPT
Business Overview:[1]
Horizon Reclaim Limited is engaged in
the manufacturing of reclaimed rubber
from waste tyres, rubber tubes, tread
peelings, EPDM scrap and other rubber
waste materials. The company converts
waste rubber into reusable rubber products, offering a cost-effective and environmentally sustainable alternative to virgin rubber. It also generates revenue through the sale of EPR (Extended Producer Responsibility) credits.