Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹62 Cr.
Stock P/E
40
P/B
1.8
Current Price
₹43
Book Value
₹ 24.4
Face Value
10
52W High
₹58.1
52W Low
₹ 18.3
Dividend Yield
—

Divyadhan Recycling Overview

Business

Divyadhan Recycling Industries Ltd., operating in the Textile - Manmade Fibres sector, is primarily involved in the recycling of textile waste, specifically focusing on man-made fibres. Its core business model likely entails sourcing textile waste (e.g., post-industrial scraps, post-consumer garments), processing it through various stages such as sorting, cleaning, shredding, and melting, and then converting it into new usable raw materials. The company makes money by selling these recycled fibres, yarns, or pellets to other textile manufacturers who incorporate them into new fabric or garment production, thereby contributing to the circular economy.

Revenue Mix

Without specific financial data, a detailed breakdown of major business segments or revenue contribution is not available. However, based on the industry, the company's revenue would primarily be derived from the sale of various recycled man-made textile materials, such as recycled polyester staple fibre (RPSF), recycled polyester yarns, or recycled plastic flakes/pellets used as raw materials for the textile or other plastic-based industries.

Industry

The Indian textile industry is one of the largest globally, with the man-made fibre segment seeing increasing demand. The textile recycling industry is a growing sub-sector, driven by sustainability mandates and resource efficiency. This segment can be fragmented, comprising both organized and unorganized players. Divyadhan Recycling Industries Ltd. is positioned as a player in this sustainable value chain, contributing to waste reduction and raw material circularity within the textile sector. Its competitive standing relative to peers would depend on its scale of operations, processing technology, efficiency in raw material collection, and the quality and consistency of its recycled output.

MOAT

Without specific information, it's challenging to confirm a durable competitive advantage. However, potential moats in the textile recycling industry could include:

Operational Efficiency & Scale: Ability to collect and process large volumes of textile waste efficiently, leading to cost advantages.

Proprietary Technology/Process Know-how: Advanced or unique recycling processes that yield higher quality products or lower operational costs.

Strong Supply Chain & Offtake Agreements: Robust networks for sourcing consistent quality textile waste and established relationships with buyers of recycled materials.

Regulatory Compliance & Sustainability Credentials: Adherence to strict environmental standards and certifications, appealing to eco-conscious buyers.

Growth Drivers

Increasing Demand for Sustainable Textiles: Global and domestic apparel brands are setting ambitious targets for incorporating recycled content, driving demand for recycled man-made fibres.

Government Initiatives & Policies: Supportive policies for circular economy, waste management, and green manufacturing in India can provide incentives and a favorable operating environment.

Rising Virgin Fibre Costs: Volatility or increases in prices of virgin man-made fibres can make recycled alternatives more economically attractive.

Technological Advancements: Continuous improvements in recycling technologies enhance efficiency, reduce costs, and broaden the types of waste that can be recycled.

Growing Textile Waste Generation: A steady increase in both post-industrial and post-consumer textile waste ensures raw material availability.

Risks

Raw Material Price & Availability: Fluctuations in the cost and consistent supply of suitable textile waste.

Quality Consistency: Challenges in maintaining uniform quality of recycled output due to varied input waste streams.

Technological Obsolescence: The need for continuous investment in new technologies to remain competitive and efficient.

Competition: Intense competition from both organized and unorganized recyclers, as well as from virgin fibre producers.

Regulatory Environment: Changes in environmental regulations, waste management policies, or import/export norms for textile waste/recycled products.

Market Acceptance: Dependence on downstream textile manufacturers' willingness and ability to integrate recycled materials into their production processes.

Economic Downturns: Reduced overall demand for textiles can impact sales of recycled materials.

Management & Ownership

Detailed information on the promoters, specific management team, and ownership structure is not publicly available without further research. Typically, companies in this sector are promoted by entrepreneurs with experience in textiles, recycling, or manufacturing. Ownership would likely involve the promoter group, potentially institutional investors if listed and attracting interest, and public shareholders.

Outlook

Divyadhan Recycling Industries Ltd. operates in a niche yet strategically important and growing segment of the textile industry. The long-term outlook is generally positive, driven by a global push towards sustainability, increasing consumer and brand preference for recycled content, and potential government support for circular economy initiatives. However, the company's success will hinge on its ability to efficiently secure consistent quality raw material, execute its recycling processes effectively to deliver high-quality output, manage operational costs, and build strong relationships with buyers in a competitive market. Challenges include navigating raw material price volatility, maintaining product consistency, and adapting to evolving technologies and regulations.

Divyadhan Recycling Share Price

Live · NSE · Inception: 2010
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Divyadhan Recycling Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Divyadhan Recycling Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 41 58 57 56 59
Other Income 3 2 1 3 1
Total Income 44 60 58 59 60
Total Expenditure 42 57 53 54 56
Operating Profit 3 3 5 6 4
Interest 1 1 1 1 0
Depreciation 1 1 2 1 1
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 0 1 3 4 2
Provision for Tax 0 0 1 1 1
Profit After Tax 0 1 2 3 2
Adjustments 0 0 0 0 0
Profit After Adjustments 0 1 2 3 2
Adjusted Earnings Per Share 0.2 0.5 2.2 2.9 1.1

Divyadhan Recycling Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 6 6 9 13 35
Minority's Interest 0 0 0 0 0
Borrowings 7 5 2 0 0
Other Non-Current Liabilities 0 0 0 0 1
Total Current Liabilities 8 6 8 11 6
Total Liabilities 21 18 19 24 42
Fixed Assets 13 12 12 12 21
Other Non-Current Assets 0 0 0 0 0
Total Current Assets 8 6 8 12 21
Total Assets 21 18 19 24 42

Divyadhan Recycling Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 2
Cash Flow from Operating Activities 4 4 4 3 -12
Cash Flow from Investing Activities -1 -1 -1 -2 -10
Cash Flow from Financing Activities -3 -3 -3 1 20
Net Cash Inflow / Outflow -0 0 -0 2 -2
Closing Cash & Cash Equivalent 0 0 0 2 0

Divyadhan Recycling Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.23 0.54 2.2 2.91 1.07
CEPS(Rs) 1.58 1.98 3.73 3.45 1.97
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 5.86 6.4 8.6 12.09 24.43
Core EBITDA Margin(%) -0.97 1.55 7.43 4.54 5.28
EBIT Margin(%) 2.96 2.64 6.24 8.88 4.2
Pre Tax Margin(%) 0.75 1.25 5.23 7.71 3.63
PAT Margin (%) 0.55 0.92 3.77 5.46 2.58
Cash Profit Margin (%) 3.75 3.37 6.39 6.48 4.74
ROA(%) 1.1 2.75 11.67 14.1 4.64
ROE(%) 3.98 8.8 29.37 28.97 6.44
ROCE(%) 7.57 9.97 25.22 30.39 9.07
Receivable days 17.68 12.58 12.54 17.45 24.43
Inventory Days 44.45 22.6 22.18 30.51 51.26
Payable days 31 18.77 21.9 26.31 28.24
PER(x) 0 0 0 0 38.69
Price/Book(x) 0 0 0 0 1.7
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.37 0.22 0.18 0.17 1.02
EV/Core EBITDA(x) 6.02 4.42 2.06 1.68 16.07
Net Sales Growth(%) 0 39.6 -0.76 -2.11 5.97
EBIT Growth(%) 0 24.4 134.77 39.35 -49.84
PAT Growth(%) 0 131.15 308.58 41.88 -49.92
EPS Growth(%) 0 131.15 308.57 32.31 -63.13
Debt/Equity(x) 1.77 1.26 0.64 0.48 0.04
Current Ratio(x) 1 0.9 0.94 1.12 3.25
Quick Ratio(x) 0.38 0.56 0.33 0.69 1.35
Interest Cover(x) 1.34 1.9 6.22 7.6 7.39
Total Debt/Mcap(x) 0 0 0 0 0.02

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +5% +1% — —
Operating Profit CAGR -33% +10% — —
PAT CAGR -33% +26% — —
Share Price CAGR +5% — — —
ROE Average +6% +22% +16% +16%
ROCE Average +9% +22% +16% +16%

Divyadhan Recycling Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 69.94 %
FII 2.87 %
DII (MF + Insurance) 0.43 %
Public (retail) 26.76 %
# Mar 2025 Sep 2025 Mar 2026
Promoter 69.6769.9169.94
FII 3.562.942.87
DII 1.720.550.43
Public 25.0426.6126.76
Others 000
Total 100100100

Divyadhan Recycling Peer Comparison

Textile - Manmade Fibres Edit Columns

Divyadhan Recycling Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Divyadhan Recycling Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 26.31 to 28.24days.
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