Divyadhan Recycling Industries Ltd. Stock Analysis DIVYADHAN.NS

Divyadhan Recycling Industries Ltd. engages in the manufacture of recycled polyester staple fibre (R-PSF) and recycled pellets. The company is headquartered in Mumbai, Maharashtra and currently employs 88 full-time employees. The company went IPO on 2024-10-04. The recycled fiber and pellets are produced from post-consumer polyethylene terephthalate (PET) bottles. The company produces Hollow and Solid R-PSF, which is used to make premium pillows, cushions and quilts. The recycled fiber is supplied to various industries, such as packaging, home furnishing and textiles. Its hollow structure adds to its insulating properties, making it suitable for use in a range of products, including clothing, home furnishings, automotive components, non-woven fabrics, and insulation materials. The recycled pellets are used to manufacture food grade and non-food grade bottles. The company caters to non-food industries requiring recycled bottles for their packaging. Its Recycled Pellets has various applications across various industries, such as automative, packaging, fiber and others.