DIVYADHAN
Divyadhan Recycling Industries financials
- Market cap
- ₹67 Cr
- Sector
- Textiles
What Divyadhan Recycling Industries Ltd does
Divyadhan Recycling Industries Limited collects, segregates and recycles PET (polyester) waste at its manufacturing facility in Baddi, Himachal Pradesh, converting it into recycled polyester staple fiber. It makes fiber for fiber-fill and carpet-yarn applications, along with non-woven fabric, filling fiber and geotextiles for textile, carpet and industrial-fabric customers. The company positions itself as a premium Indian supplier in the recycled-fiber segment, built by executives with a background in yarn spinning and home textiles.
Segments
- Spinning Fiber
- Carpet Yarns
- Non-woven
- Filling Fiber
- Geotextiles
- Manufacturing facility
- 1 (Village Kalyanpur, Nalagarh Road, Baddi, Solan, Himachal Pradesh)
- Recycled PET flakes washline capacity
- 20 MT/day (upgraded 2020)
- R&D centre
- 1, co-located at Baddi, Himachal Pradesh facility
- Product categories
- 5 (Spinning Fiber, Carpet Yarns, Non-woven, Filling Fiber, Geotextiles)
- Recycled PET Chips factory
- Operational since 2023
Quarterly results
Q4 FY26: revenue up 51.9%, net profit up 196.6% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 28 | 29 | 31 | 28 | 36 +31% | 43 +52% |
| EBITDA | 2 | 0 | 3 | 0 | 1 −31% | 3 +590% |
| Net profit | 3 | 1 | 1 | 0 | -0 −102% | 2 +197% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −5.6% 1Y
1Y: ₹49.5 on 10 Sept 2025 → ₹46.75. High ₹58.1 (2 Jul 2026), low ₹18.25 (12 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹14 Cr | ₹14 Cr |
| Reserves | ₹1 Cr | ₹1 Cr | ₹4 Cr | ₹7 Cr | ₹21 Cr | ₹24 Cr |
| Borrowings | ₹10 Cr | ₹8 Cr | ₹6 Cr | ₹6 Cr | ₹10 Cr | ₹14 Cr |
| Other liabilities | ₹5 Cr | ₹3 Cr | ₹5 Cr | ₹5 Cr | ₹8 Cr | ₹12 Cr |
| Total liabilities | ₹21 Cr | ₹18 Cr | ₹19 Cr | ₹24 Cr | ₹53 Cr | ₹64 Cr |
| Fixed assets | ₹13 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹29 Cr | ₹43 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹8 Cr | ₹6 Cr | ₹8 Cr | ₹12 Cr | ₹24 Cr | ₹21 Cr |
| Total assets | ₹21 Cr | ₹18 Cr | ₹19 Cr | ₹24 Cr | ₹53 Cr | ₹64 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, the public added +1.72 pp while DIIs trimmed −1.29 pp. The shareholder count shrank 2% to 358.
- Promoters
- 69.9%
- FIIs
- 2.9%
- DIIs
- 0.4%
- Public
- 26.8%
Since Mar 2025
- Public +1.72 pp
- DIIs −1.29 pp
- FIIs −0.69 pp
How it drifted, 3 quarters
Over this window the public went from 25.0% to 26.8% — +1.7 pp.
Ownership split by quarter, oldest first. Mar '25: Promoters 69.7%, FIIs 3.6%, DIIs 1.7%, Public 25.0%.Sep '25: Promoters 69.9%, FIIs 2.9%, DIIs 0.6%, Public 26.6%.Mar '26: Promoters 69.9%, FIIs 2.9%, DIIs 0.4%, Public 26.8%.
Who is on the register
Named in the Mar 2026 filing
Every holder of Divyadhan Recycling Industries Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Varun Gupta | 35.00% | unchanged |
| Pratik Gupta | 34.94% | unchanged |
| Kusum Gupta | 0.00% | unchanged |
| Ankita Pratik Gupta | 0.00% | unchanged |
| Alka Navinkumar Jain | 0.00% | unchanged |
| Nikita Gupta | 0.00% | unchanged |
| Vinod Kumar Gupta | 0.00% | unchanged |
| Uninav Developers Pvt Ltd | — | off the list |
| Setu Securities Private Limited | — | off the list |
| Marwadi Shares and Finance Limited | — | off the list |
| Kingsman Wealth Fund Pcc Kif - Ii | — | off the list |
| Nischay Housing Pvt Ltd | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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