DIVYADHAN

Divyadhan Recycling Industries Limited

Listed company · ISIN INE0QYI01019 · NSE SM · FV ₹10
Last price
₹37
+4.93%today
What this company does

Divyadhan Recycling Industries Limited is a listed company. It booked ₹43 cr of revenue in its latest half year (H2 FY26) and kept 4.0% of sales as profit.

62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,387–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
33

At close. Not part of the score.

Profitability & returns40

How much profit it earns on the money it employs

Balance sheet41

How much it owes, and whether earnings cover the interest

Cash quality96

Whether reported profit actually arrives as cash

Valuation65

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Makes a profit
✓ Sales up 54% vs last year
✓ Profit up 1,382% vs last year
✓ Promoters hold 70%
✓ No promoter shares pledged
Watch-outs
! Thin 4.0% net margin

What if I invest in DIVYADHAN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹37▲ +4.93%
latest close · 2026-11-04
52-wk low ₹3539 sessions so far52-wk high ₹56
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio15.3Average
LowAverageHigh
P/B ratio1.39Moderate
Below bookModerateHigh
EV / EBITDA9.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.1%Fair
WeakFairStrong ▸15%
Return on capital12.7%Fair
WeakFairStrong
Net margin4.0%Thin
ThinDecentStrong
EBITDA margin7.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.36Comfortable
LowModerateHigh ▸1
Interest cover5.0×Okay
RiskyOkayStrong ▸5×
Current ratio0.99Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹53 cr
Book value
₹27
EPS
₹1.22
latest half year
Net debt
₹14 cr
owes more than its cash
Enterprise value
₹67 cr
EBITDA
₹7 cr
annualised
EBIT
₹5 cr
annualised
Operating margin
6.2%
Return on assets
5.5%
Earnings yield
6.55%
P/S
0.62
Sales / share
₹60.5
Tax rate
18.7%
Face value
₹10
Shares
1.4 cr
Working capital
₹-16.4 L
Current assets
₹21 cr
Current liabilities
₹21 cr
Delivery %
95.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹5–₹8, midpoint ₹6

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹43 cr
Other Income₹4.3 L
Total Income₹43 cr
Cost of Materials₹36 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹2 cr
Employee Benefit Expense₹62.7 L
Finance Costs₹54.2 L
Depreciation & Amortisation₹72.6 L
Other Expenses₹2 cr
Total Expenses₹41 cr
Profit before Tax₹2 cr
Tax Expense₹40.3 L
Net Profit₹2 cr
Net margin on total income4.0%
Where the money goes · H2 FY26
% of total income
Materials + stock-in-trade₹38 cr87.1%
Employee benefit expense₹62.7 L1.4%
Finance costs₹54.2 L1.3%
Depreciation & amortisation₹72.6 L1.7%
Other expenses₹2 cr3.5%
Tax expense₹40.3 L0.9%
Profit for the period₹2 cr4.0%
Total income ₹43 cradds up to ₹100 ✓
Half-yearly results · consolidated (₹ cr)
MetricH2 FY25H1 FY26H2 FY26
Revenue28 cr36 cr43 cr
Total income28 cr36 cr43 cr
Expenses28 cr36 cr41 cr
Profit before tax19 L20.5 L2 cr
Tax7.2 L25 L40.3 L
Net profit (owners' share)11.8 L-4.6 L2 cr
Net margin (owners' share, on revenue)0.4%-0.1%4.0%
EPS (₹)0.10-0.031.22
YoY (latest quarter): total income +54.2% · net profit +1,382.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹64 cr
Shareholder equity
₹38 cr
parent shareholders
Total debt
₹14 cr
Cash
₹1.4 L
Who owns it · 2026-09-30
No pledge
Promoter
69.9%
FII / Foreign
2.6%
DII / Domestic
0.0%
Retail / others
27.5%
Promoter stake up 0.7% over the last 5 quarters.
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 28 Sep 2026
See the official result
1
Adoption of the audited financial statements of the company for the year ended on March 31, 2026 together with the reports of the Board of Directors and Statutory Auditors
Backed by 100% of shareholders other than promotersneeded 50%
2,000 votes for, 0 against
2
Appointment of a director in place of Mr. Pratik Pramod Gupta (DIN: 06576759), who retires by rotation at this meeting and being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
2,000 votes for, 0 against
3
Appointment of M/S MAPSS & Co., Chartered Accountants, as Statutory Auditors of the Company for the period of 5 consecutive financial years.
Backed by 100% of shareholders other than promotersneeded 50%
3.72 L votes for, 0 against · 0% of mutual funds and other big investors said no
4
Re-Appointment of VS Associates, Practising Company Secretary as a Secretarial Auditors of the Company for the five consecutive financial years.
Backed by 100% of shareholders other than promotersneeded 75%
3.72 L votes for, 0 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 69.9% between them · as of 2026-09-30
Varun Gupta35.00%
Pratik Gupta34.94%
Alka Navinkumar Jainno shares
Ankita Pratik Guptano shares
Kusum Guptano shares
Nikita Guptano shares
Vinod Kumar Guptano shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹24 cr raised in Oct 2024 by selling shares to the public

The company has not broken this money down into purposes in its filing for Mar 2025, so there is nothing to measure it against yet.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.