Divyadhan Recycling Industries Ltd

Divyadhan Recycling Industries Ltd

₹ 28.4 -4.85%
12 Dec - close price
About

Incorporated in May 2010, Divyadhan Recycling Industries Limited manufactures Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets.[1]

Key Points

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.

  • 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.

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Half Yearly Results

Figures in Rs. Crores

Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
27.63 28.50 31.42 28.06 36.13
25.58 28.01 28.81 27.57 34.71
Operating Profit 2.05 0.49 2.61 0.49 1.42
OPM % 7.42% 1.72% 8.31% 1.75% 3.93%
1.97 1.04 0.61 0.03 0.00
Interest 0.34 0.31 0.27 0.03 0.26
Depreciation 0.28 0.29 0.98 0.30 0.96
Profit before tax 3.40 0.93 1.97 0.19 0.20
Tax % 18.53% 36.56% 27.92% 36.84% 125.00%
2.77 0.59 1.42 0.12 -0.05
EPS in Rs 5.64 1.12 1.35 0.08 -0.03
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2025Sep 2025
69.67% 69.91%
3.56% 2.94%
1.72% 0.55%
25.04% 26.61%
No. of Shareholders 366355

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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