The company is involved in manufacturing Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. These products are produced from post-consumer PET bottles (Polyethylene Terephthalate). The company started operations in 2018-19 at its manufacturing facility in Baddi, Himachal Pradesh. Divyadhan Recycling Industries has undergone significant transformations since its incorporation as Divyadhan Consultants Private Limited in 2010. In 2023, it changed its name to Divyadhan Recycling Industries Private Limited, and later in 2024, it was converted into a public limited company. Their focus lies in sustainable recycling practices, and the business model revolves around reducing environmental impact by recycling PET bottles into fiber and pellets. They are also in the trial stage of manufacturing recycled pellets. The company is expected to expand further with the increasing demand for recycled materials globally.

For year/ period ended (Rs. in lacs.)

For year/ period ended ( in Cr.)

• Own Manufacturing facilities.
• Small order size help in getting more orders from small scale buyers.
• Established relationship with customers.

• To meet Working Capital Requirement
• General corporate purposes.
• Funding Capital Expenditure

The company’s revenue remained almost flat for last three fiscal years, which is FY22 to FY24, while PAT improved from INR 54 Lakh to INR 2.41 crore during the same period. At the upper price of INR 64 the company is expected to list at PE 38.5 which makes it lucrative considering its business of recycling. So, we recommend to subscribe IPO for long term gain.