September 26, 2024 - September 30, 2024

Divyadhan Recycling Industries IPO Review & Recommendations

Dilip Davda has given "Apply" recommendation to Divyadhan Recycling Industries IPO.

Divyadhan Recycling Industries IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	1	0	0	0	0
%	100.00	0.00	0.00	0.00	0.00

Divyadhan Recycling Industries IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Apply

Divyadhan Recycling Industries IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is engaged in the business of manufacturing recycled polyester staple fibre and pellets. It posted almost static top lines for the last three fiscals, but marked surge in bottom lines for FY23 and FY24 with cost control and more value added features to its products. It is operating in the highly competitive and fragmented segment. Based on FY24 earnings, the issue appears fully priced. Though the issue appears fully priced, it is poised for bright prospects and better times ahead. Investors may park funds for long term. Read detail review...

Divyadhan Recycling Industries IPO Peer Comparison

Divyadhan Recycling Industries Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)	Financial statements
Divyadhan Recycling Industries Limited	2.41	2.41		18.42
Ganesha Ecosphere Ltd.	27.9	27.9	68.36	5.74

Notes:

Considering the nature and turnover of business of the Company the peer are not strictly comparable. However, the same have been included for broader comparison.
The figures for Divyadhan Recycling Industries Limited are based on the restated results for the period ended March 31, 2024.
The figures (except PE) for the peer group are based on standalone audited results for the respective year ended March 31, 2024.
Current Market Price (CMP) is the closing price of respective scrip as on September 16, 2024.

Divyadhan Recycling Industries IPO Review by Members

Divyadhan Recycling Industries IPO Reviews, analysis and views by popular members. Read Divyadhan Recycling Industries Limited IPO reviews by retail investors to find recommended ipo to buy.

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Divyadhan Recycling Industries IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	1
%	0.00	0.00	0.00	100.00

Member	Review
chIPOrgarh (300 Posts)	Avoid May Avoid. 1\| September 21, 2024 10:02:37 PM

Member

Review

chIPOrgarh (300 Posts)

Avoid

May Avoid.

September 21, 2024 10:02:37 PM

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