Divyadhan Recycling Industries Ltd
Incorporated in May 2010, Divyadhan Recycling Industries Limited manufactures Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets.[1]
- Market Cap ₹ 40.7 Cr.
- Current Price ₹ 28.4
- High / Low ₹ 78.9 / 27.8
- Stock P/E 581
- Book Value ₹ 24.4
- Dividend Yield 0.00 %
- ROCE 9.07 %
- ROE 6.46 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.17 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Working capital days have increased from 27.0 days to 88.5 days
* 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.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 41.39 | 57.78 | 57.34 | 56.13 | 59.47 | 64.19 | |
| 41.79 | 56.88 | 53.09 | 53.57 | 56.33 | 62.28 | |
| Operating Profit | -0.40 | 0.90 | 4.25 | 2.56 | 3.14 | 1.91 |
| OPM % | -0.97% | 1.56% | 7.41% | 4.56% | 5.28% | 2.98% |
| 2.94 | 2.04 | 0.82 | 3.00 | 0.64 | 0.03 | |
| Interest | 0.91 | 0.80 | 0.57 | 0.66 | 0.34 | 0.29 |
| Depreciation | 1.32 | 1.42 | 1.50 | 0.57 | 1.28 | 1.26 |
| Profit before tax | 0.31 | 0.72 | 3.00 | 4.33 | 2.16 | 0.39 |
| Tax % | 29.03% | 26.39% | 28.00% | 29.10% | 29.17% | |
| 0.23 | 0.53 | 2.16 | 3.07 | 1.54 | 0.07 | |
| EPS in Rs | 0.47 | 1.08 | 4.40 | 5.83 | 1.08 | 0.05 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 43% |
| TTM: | -97% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -63% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4.91 | 4.91 | 4.91 | 5.27 | 14.31 | 14.31 |
| Reserves | 0.84 | 1.37 | 3.53 | 7.47 | 20.64 | 20.60 |
| 10.42 | 8.09 | 5.55 | 6.07 | 1.36 | 9.59 | |
| 4.65 | 3.31 | 5.40 | 5.31 | 5.71 | 8.06 | |
| Total Liabilities | 20.82 | 17.68 | 19.39 | 24.12 | 42.02 | 52.56 |
| 12.70 | 12.03 | 11.86 | 12.30 | 21.17 | 28.76 | |
| CWIP | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 8.10 | 5.63 | 7.51 | 11.82 | 20.85 | 23.80 | |
| Total Assets | 20.82 | 17.68 | 19.39 | 24.12 | 42.02 | 52.56 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 4.09 | 3.84 | 4.42 | 2.99 | -11.80 | |
| -0.91 | -0.74 | -1.32 | -2.18 | -10.13 | |
| -3.19 | -3.09 | -3.11 | 1.18 | 19.94 | |
| Net Cash Flow | -0.01 | 0.00 | -0.01 | 2.00 | -1.98 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 17.64 | 12.51 | 12.48 | 22.11 | 27.99 |
| Inventory Days | 53.37 | 15.43 | 37.89 | 36.16 | 95.54 |
| Days Payable | 31.03 | 16.16 | 26.56 | 25.47 | 31.46 |
| Cash Conversion Cycle | 39.98 | 11.78 | 23.80 | 32.81 | 92.08 |
| Working Capital Days | 0.18 | -4.17 | -2.86 | -4.68 | 88.50 |
| ROCE % | 9.95% | 25.18% | 30.43% | 9.07% |
Documents
Announcements
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Outcome of Board Meeting
13 November 2025 - Board approved unaudited H1 results (30 Sep 2025); limited review attached; IPO proceeds fully utilized.
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Outcome of Board Meeting
13 November 2025 - Approved unaudited H1 results to 30 Sep 2025; IPO proceeds fully utilized: Rs1703.71L, Rs397.93L, Rs314.47L.
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General Updates
7 November 2025 - Board meeting on 13 Nov 2025 to approve unaudited H1 financials for period ended 30 Sep 2025.
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Price movement
24 October 2025 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Appointment
6 October 2025 - Mr Niranjan Dev Sarma appointed Non-Executive Non-Independent Director from Oct 01, 2025 for five years.
Business Verticals
Recycled Fiber: [1] The company produces synthetic fiber known as Recycled Polyester Staple Fiber (R-PSF) from PET bottles, from Coke, soda, water, and other post-consumer PET bottles.