Divyadhan Recycling Industries Ltd
Incorporated in 2010, Divyadhan Recycling Industries Ltd is a manufacturer of recycled polyester products like Fiber, chips and flakes.[1]
- Market Cap ₹ 76.9 Cr.
- Current Price ₹ 53.8
- High / Low ₹ 58.1 / 18.2
- Stock P/E 45.0
- Book Value ₹ 26.8
- Dividend Yield 0.00 %
- ROCE 7.14 %
- ROE 4.67 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.89% over last 3 years.
* 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
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 41.39 | 57.78 | 57.34 | 56.13 | 59.47 | 79.41 | |
| 41.79 | 56.88 | 53.09 | 53.57 | 56.33 | 74.61 | |
| Operating Profit | -0.40 | 0.90 | 4.25 | 2.56 | 3.14 | 4.80 |
| OPM % | -0.97% | 1.56% | 7.41% | 4.56% | 5.28% | 6.04% |
| 2.94 | 2.04 | 0.82 | 3.00 | 0.64 | 0.04 | |
| Interest | 0.91 | 0.80 | 0.57 | 0.66 | 0.34 | 0.80 |
| Depreciation | 1.32 | 1.42 | 1.50 | 0.57 | 1.28 | 1.68 |
| Profit before tax | 0.31 | 0.72 | 3.00 | 4.33 | 2.16 | 2.36 |
| Tax % | 29.03% | 26.39% | 28.00% | 29.10% | 29.17% | 27.54% |
| 0.23 | 0.53 | 2.16 | 3.07 | 1.54 | 1.71 | |
| EPS in Rs | 0.47 | 1.08 | 4.40 | 5.83 | 1.08 | 1.20 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 11% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 49% |
| 3 Years: | -7% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 9% |
| Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 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 | 24.00 |
| 10.42 | 8.09 | 5.55 | 6.07 | 1.36 | 13.84 | |
| 4.65 | 3.31 | 5.40 | 5.31 | 5.71 | 11.58 | |
| Total Liabilities | 20.82 | 17.68 | 19.39 | 24.12 | 42.02 | 63.73 |
| 12.70 | 12.03 | 11.86 | 12.30 | 21.17 | 42.66 | |
| 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 | 21.07 | |
| Total Assets | 20.82 | 17.68 | 19.39 | 24.12 | 42.02 | 63.73 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 4.09 | 3.84 | 4.42 | 2.99 | -11.80 | 19.40 | |
| -0.91 | -0.74 | -1.32 | -2.18 | -10.13 | -21.49 | |
| -3.19 | -3.09 | -3.11 | 1.18 | 19.94 | 2.08 | |
| Net Cash Flow | -0.01 | 0.00 | -0.01 | 2.00 | -1.98 | -0.01 |
| Free Cash Flow | 3.18 | 3.09 | 3.09 | 0.81 | -21.95 | -2.11 |
| CFO/OP | -1,030% | 447% | 124% | 157% | -363% | 406% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 17.64 | 12.51 | 12.48 | 22.11 | 27.99 | 13.61 |
| Inventory Days | 53.37 | 15.43 | 37.89 | 36.16 | 95.54 | 68.28 |
| Days Payable | 31.03 | 16.16 | 26.56 | 25.47 | 31.46 | 44.55 |
| Cash Conversion Cycle | 39.98 | 11.78 | 23.80 | 32.81 | 92.08 | 37.34 |
| Working Capital Days | 0.18 | -4.17 | -2.86 | -4.68 | 88.50 | -0.83 |
| ROCE % | 9.95% | 25.18% | 30.43% | 9.07% | 7.14% |
Insights
In beta| Dec 2023 | Mar 2025 | |
|---|---|---|
| Number of Product Variants count |
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| Recycled PET Flakes Washline Installed Capacity MT/day |
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| Total Number of Employees count |
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Extracted by Screener AI
Documents
Announcements
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Structural Digital Database
14 July 2026 - Filed SDD compliance certificate for quarter ended 30 June 2026.
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Reply to Clarification- Financial results
14 July 2026 - Clarifies 28 May 2026 financial results filing errors; re-submits signed, legible PDF and corrected XBRL EPS 1.19.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
13 July 2026 - Corporate governance provisions not applicable for quarter ended June 30, 2026.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 July 2026 - Submitted Regulation 74 certificate for quarter ended 30 June 2026.
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Outcome of Board Meeting
6 July 2026 - Board approved allotment of 36.8 lakh preferential warrants on 6 July 2026.
Business Overview:[1][2]
DRIL is a supplier for Fiber for Fiber-ill and Carpet yarn applications. It is mainly engaged in the business of collection, segregation, processing, recycling, treatment, and disposal of various types of waste, including municipal solid waste, e-waste, construction debris, bio-medical and hazardous waste. It also operates recycling facilities and is involved in the manufacture and trading of products made from recycled materials.