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15 Days Price Change

Divyadhan Recycling IPO

Closing In

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Issue Size --
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Price Range 60  to  64 per share
Profile
Min Investment ₹64
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Lot Size 1
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Face Value ₹10
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Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Divyadhan Recycling Industries Limited, established in May 2010, is dedicated to promoting sustainability through the production of Recycled Polyester Staple Fibre (R-PSF) and recycled pellets. The company operates under rigorous environmental standards, holding certifications for its Quality Management System (ISO 14001:2015) and Environmental Management System (ISO 14001:2015). Divyadhan's primary business verticals include the manufacture of R-PSF, which is created from post-consumer PET bottles, such as those used for beverages, and recycled pellets sourced from the same materials. These products not only divert plastic waste from landfills but also reduce the demand for virgin materials, thereby contributing to a circular economy. By focusing on innovative recycling methods, Divyadhan plays a crucial role in reducing plastic waste, conserving natural resources, and raising awareness about sustainable practices in the textile and plastics industries, positioning itself as a key player in fostering environmental responsibility. Read More

Basic Info

Face Value 10 per share

Price 60  to  64 per share

P/E (x) 49.2

Sales( Cr.) 59

PAT( Cr.) 2

EPS 1.3

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Mr. Pratik Gupta Mr. Varun Gupta

Pre Issue Share Holding 100%

Post Issue Share Holding 68.01%

Listing Details:

Listing Price: 84

Listing Gain: 23.81%

Current Price: 30.8

Gain On Issue: 30.8 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 26, 2024
Closing Date Sep 30, 2024
Allotment Oct 01, 2024
Refund Oct 02, 2024
Delivery of Shares Oct 02, 2024
Listing Date Oct 03, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 128,000
Retail (Max) 1 2000 128,000
S-HNI (Min) 2 4000 256,000
S-HNI (Max) 7 14000 896,000
B-HNI (Min) 8 16000 1,024,000

Objective of the Issue

1. To meet the Capital Expenditure. 2. To meet the General Corporate Purposes 3. To meet out the Issue Expenses.

Issue

Category Nos Bid Bid (x)
QIB 1888000 55488320 29.4x
NII 566400 43063392 76x
Retail 1321600 42859488 32.4x
EMP 0 0 0x
Total 3776000 154551680 40.9x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

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

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 5% 1% 0% 0%
Operating Profit CAGR -33% 10% 0% 0%
PAT CAGR -33% 26% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -20% NA% NA% NA%
ROE Average 6% 22% 16% 16%
ROCE Average 9% 22% 16% 16%

Company Contact Information

Divyadhan Recycling Industries Ltd.

1803, Lodha Supremus Saki Vihar Road, Opp. Telephone Exchange Powai

IPO Lead Manager(s)

Divyadhan Recycling Industries Ltd.

Narnolia Financial Services Ltd.

Registrar Info

Divyadhan Recycling Industries Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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