Divyadhan Recycling Industries share price & results
- Mar 2026
- Mar 2026
Himachal Pradesh-based recycler of PET waste into polyester staple fiber, carpet yarns, non-woven fabric and geotextiles.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 43.3 | +54.2% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 7.8 | +6.1 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1.8 | +1358.3% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −1.8 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -2.66 | +34.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +27.6 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −16.0% 1Y
1Y: ₹43.25 on 24 Oct 2025 → ₹36.35. High ₹58.1 (2 Jul 2026), low ₹18.25 (12 Mar 2026).
- Previous close
- ₹34.75
- Market cap
- ₹58 Cr
- 52-week range
- ₹18.25 – ₹58.1
- One year
- −17.57%
- Price to earnings (FY ending Mar 2026)
- 34.15×
- Return on equity (FY ending Mar 2026)
- 4.67%
Overview
- Symbol
- NSE:DIVYADHAN
- Sector
- Textiles
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Divyadhan Recycling Industries Ltd does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +1358% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 28 | 29 | 31 | 28 | 36 | 43 |
| Expenses | 26 | 28 | 29 | 28 | 35 | 40 |
| Operating profit | 2 | 0 | 3 | 0 | 1 | 3 |
| Operating margin | 7.4% | 1.7% | 8.3% | 1.8% | 3.9% | 7.8% |
| Other income | 2 | 1 | 1 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 1 | 0 | 1 | 1 |
| Profit before tax | 3 | 1 | 2 | 0 | 0 | 2 |
| Tax rate | 18.5% | 36.6% | 27.9% | 36.8% | 125.0% | 18.6% |
| Net profit | 3 | 1 | 1 | 0 | -0 | 2 |
| EPS (₹ per share) | 5.64 | 1.12 | 1.35 | 0.08 | -0.03 | 1.22 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 5 | 5 | 5 | 14 | 14 | 14 |
| Reserves | 1 | 4 | 7 | 21 | 21 | 24 |
| Borrowings | 8 | 6 | 6 | 1 | 10 | 14 |
| Other liabilities | 3 | 5 | 5 | 6 | 8 | 11 |
| Total liabilities | 18 | 19 | 24 | 42 | 53 | 64 |
| Fixed assets | 12 | 12 | 12 | 21 | 29 | 43 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 6 | 8 | 12 | 21 | 24 | 21 |
| Total assets | 18 | 19 | 24 | 42 | 53 | 64 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 4 | 4 | 4 | 3 | -12 | 19 |
| Cash from investing | -1 | -1 | -1 | -2 | -10 | -21 |
| Cash from financing | -3 | -3 | -3 | 1 | 20 | 2 |
| Net cash flow | -0 | 0 | -0 | 2 | -2 | -0 |
| Free cash flow | 3 | 3 | 3 | 1 | -22 | -2 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 18 | 13 | 12 | 22 | 28 | 14 |
| Inventory days | 53 | 15 | 38 | 36 | 96 | 75 |
| Days payable | 31 | 16 | 27 | 25 | 31 | 49 |
| Cash conversion cycle | 40 | 12 | 24 | 33 | 92 | 40 |
| Working capital days | 0 | -4 | -3 | -5 | 89 | -1 |
| Return on capital employed | — | 9.9% | 25.2% | 30.4% | 9.1% | 7.2% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 69.94% as of Mar 2026; institutions cut 0.19 pts since Sept 2025.
- Promoters 69.94%
- Foreign institutions 2.87%
- Domestic institutions 0.43%
- Public 26.76%
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 |
|---|---|---|
| 35.00% | unchanged | |
| 34.94% | unchanged | |
| — | off the list | |
| — | off the list | |
| — | off the list | |
| — | off the list | |
| — | off the list | |
| — | 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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