Incorporated in May 2010, Divyadhan Recycling Industries Limited manufactures Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets.
The company is certified for Quality Management System (ISO 14001:2015) and Environmental Management System (ISO 14001:2015) for manufacturing Recycled Polyester Staple Fibre.
The company operates in two business verticals:-
The Company’s manufacturing unit is located in Village Kalyanpur, Tehsil Baddi, Dist Solan Himachal, and has a total capacity of 8030 metric tons per annum for fibre and 4320 metric tons per annum for pellets.
As of August 31, 2024, the company had around 83 employees in various departments.
Divyadhan Recycling Industries Limited’s revenue increased by 2% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 2,412.11 | 1,938.64 | 1,767.74 | |||||||||||||||||||||||||||
| Revenue | 5,912.88 | 5,815.51 | 5,981.52 | |||||||||||||||||||||||||||
| Profit After Tax | 237.8 | 216.18 | 52.91 | |||||||||||||||||||||||||||
| Net Worth | 1,291.03 | 853.23 | 637.05 | |||||||||||||||||||||||||||
| Reserves and Surplus | 764.49 | 353.23 | 137.05 | |||||||||||||||||||||||||||
| Total Borrowing | 606.64 | 545.55 | 799.76 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Divyadhan Recycling Industries IPO is Rs 91.56 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 18.42% |
| ROCE | 20.76% |
| Debt/Equity | 0.47 |
| RoNW | 18.42% |
| P/BV | 4.9 |
| PAT Margin (%) | 4.24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.26 | 1.66 |
| P/E (x) | 28.34 | 38.5 |
The objects of the Issue are:-
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹60 to ₹64 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,776,000 shares (aggregating up to ₹24.17 Cr) |
| Fresh Issue | 3,776,000 shares (aggregating up to ₹24.17 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,530,714 |
| Share holding post issue | 14,306,714 |
| Market Maker portion | 200,000 shares |
The promoters of the company are Mr. Pratik Gupta and Mr. Varun Gupta.
| Share Holding Pre Issue | 94.06% |
| Share Holding Post Issue | 69.24% |
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As per our analysis and Based on the information we have, this is the output.
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