Annual reportSep 2026
Sep 2026 · Shareholders meeting 4 Sep - 16th AGM on 28 September 2026 via VC/OAVM; FY26 annual report circulated.
Source: Nse
Divyadhan Recycling Industries Ltd. (DIVYADHAN)
SME CapIndustrials stocks · SME cap · NSE
Divyadhan Recycling Industries Ltd. operates in Recycling, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 09:15 am ISTDetails
Quote21 Oct, 09:15 am IST
Base fundamentals16 Oct 2026 · screener
Latest result01 Jun, 08:02 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
45NeutralSMA20 -18.2% / mo · MACD −
Stock trend: 43
Sector RS: 48
Sector 3M: -5.4% vs Nifty 500 -4.4%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
DIVYADHAND candles · FIT view+5.1%Latest close ₹37.40 on 2026-10-19
Bar
+0.0%
RSI
32
MACD hist
-0.74
52W pos
48%
2026-10-19O ₹37.40H ₹37.40L ₹37.40C ₹37.40Vol 2,000 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
DIVYADHANNifty India ManufacturingNifty 500
- DIVYADHAN
- -30.4%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -24.8 pp
Chart stats
19 Oct 2026- From 52W high
- -40.1%
- 52W range position
- 43%
- ATR (14)
- 4.7%
- Volume vs 20D
- 0.22x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹37.4 - ₹51.5
₹62.4
₹18.3 - ₹62.4
₹1.7
Latest completed session
20-session average
64.6% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST37
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +51.9% · PAT +196.6% YoY
Technical
Neutral45
Price trend and sector-relative-strength timing.
Valuation
Legacy model+20.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence63
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Excellent · 100/100Rev +52% YoY · PAT +197% YoY · margin expansion · +20% QoQ · operating leverage
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹43.3 Cr | +51.9% | +19.8% |
| EBITDA | ₹3.4 Cr | NDF | +138.0% |
| Operating margin | 7.8% | NDF | +388 bps |
| PAT | ₹1.8 Cr | +196.6% | NDF |
| PAT margin | 4.0% | NDF | +418 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 32.90
- P/B
- 1.47
- EV/EBITDA
- 10.80
- Market Cap
- 56.30Cr
Profitability
- ROE
- 4.67%
- ROCE
- 7.24%
- ROA
- 2.68%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 14.00%
- EPS 5Y
- 49.00%
- Revenue 3Y
- 11.00%
- EPS 3Y
- -7.00%
Balance Sheet
- Debt/Equity
- 0.37
- Interest Coverage
- 5.65×
- Altman Z
- 3.57
- Book Value
- 26.80
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 4/5
- OCF
- 19.40 Cr
- EPS TTM
- 1.20
Shareholding
- Promoter Hold
- 69.94%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 53%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 43.3+19.8% vs prev
Net Profit
₹ CrLatest: 1.8+3600.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend unclear. RSI 32.
- SMA20 falling (~22.3% over last month) — short-term momentum negative.
- RSI(14) at 32 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 36% off 52W high · 105% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
72
RS percentile
Stage 2 UptrendEstablished S2
1M return
-29.0%
3M return
+22.0%
6M return
+60.9%
1Y return
-28.6%
RS 1D
-1
RS 20D
-20
Sector rank
#2
Industry rank
-
Stage evidence
- Price is 6.5% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +5.1%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
03 Jul 2026
S2 age
44 trading sessions
Sector
leading
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
195 observations
19 Oct 2026Value 90.68-3.97%
RS vs Nifty 50091
Valuation & peers
U-Score 37 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 37 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation7/30
Growth18/25
Quality0/20
Balance Sheet11/15
Cash Flow4/10
Piotroski
7/9 (+5)
Penalties
-8
Raw sum
37
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
37/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 20.7%.
- Balance sheet contributes 11/15 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 7/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
32.9
PB
1.5
EV/EBITDA
10.8
ROE
4.7%
ROCE
7.2%
FCF Yield
—
Debt/Equity
0.4
MoS
+20.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
37
Previous: 37
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+20.7%
Previous: +20.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
36
36
36
36
36
36
37
37
37
37
37
37
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹26.9
-39.0% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹47.16
+20.7% MoS
PEG
0.67
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
NIKITA
SME
NIKITA GREENTECH RECYCLING Ltd.
Recycling
match 72
40
14.8
7.8%
+63%
WATCHLIST
ROCKINGDCE
SME
Rockingdeals Circular Economy Ltd.
Recycling
match 57
46
18.5
18.1%
+32%
FAIR VALUE
JAINREC
Large
Jain Resource Recycling Limited
Recycling
match 51
55
27.2
30.4%
+21%
FAIR VALUE
RACE
Small
Race Eco Chain Limited
Recycling
match 49
2
25.0
9.3%
-778%
OVERVALUED
BAHETI
SME
Baheti Recycling Industries Ltd.
Metals Recycling
match 29
53
28.4
35.4%
+28%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Divyadhan Recycling Industries Ltd. operates in Recycling, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
63Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 35th percentile within Industrials. Main check: financial discipline is weak at 18/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
38th percentile
overall median 67 · Industrials: 35th pctile, median 68 · SME: 45th pctile, median 64
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
18
weak · capital discipline
Results
48
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 69.9%.
- ▸Promoter pledge is zero.
- ▸4 years of positive FCF.
Trust risks
- ▸ROCE is low at 7.1%.
- ▸ROE is low at 4.7%.
- ▸ROCE trend is -8.4%.
- ▸Revenue CAGR is 11% but EPS CAGR is -7%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Divyadhan Recycling Industries Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.