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Discovery themes featuring this stock
Horizon Reclaim (India) Limited manufactures reclaimed rubber, crumb rubber, pyrolysis oil and recovered carbon char from end-of-life tyres and industrial scrap, operating an integrated recycling platform with core manufacturing at Haridwar and a newly commissioned pyrolysis facility at Rajkot; the company listed on the BSE SME platform in June 2026 after its IPO.
Financial momentum is notable: revenues grew from ₹20.33 crore in FY24 to ₹49.42 crore in FY26 while PAT expanded from ₹0.71 crore to ₹10.50 crore over the same period, reflecting rapid scale-up, rising capacity utilisation to 90% in FY26 and improving margins as fixed assets and production capacity increased materially.
Horizon Reclaim’s business mixes product sales with sustainability monetisation: core revenue remains dominated by Natural Reclaim grades (WTR and 202), while EPR credit monetisation contributed 6.28% of FY26 revenues and the company is commercialising pyrolysis oil and recovered carbon char as alternative industrial fuels and feedstock.
Operational strengths include integrated in-house technology, ISO and CPCB approvals, an in-house quality laboratory, and a pan-India distribution footprint; management emphasizes development of application-specific grades, geographic expansion beyond North India and EPR-led ESG positioning to deepen customer stickiness and improve per-ton realisations.
Industrial Products
Rubber
258 Cr
Moderate Risk
24.6
31.9
—
3.3
164.60
103.00
Sales CAGR
Profit CAGR
ROE
ROCE
Discovery themes featuring this stock
Bearish
5
Neutral
4
Bullish
5
Bearish
6
Neutral
12
Bullish
28
Bearish
1
Neutral
8
Bullish
23
Bearish
1
Neutral
8
Bullish
23
Bearish
1
Neutral
8
Bullish
23
Bearish
1
Neutral
8
Bullish
23
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
633.00 | 363 Cr | 51.81 | 18.44 | 0.00 | 29.52 | 29.66 | 17.43 | ||
60.61 | 329 Cr | 14.12 | 1.06 | 3.30 | 7.49 | 10.63 | 5.92 | ||
174.00 | 321 Cr | 13.68 | 1.80 | 0.00 | 12.87 | 11.88 | 4.40 | ||
239.00 | 270 Cr | 42.52 | 4.93 | 0.00 | 11.60 | 13.69 | 4.38 | ||
92.05 | 139 Cr | 26.25 | 2.24 | 0.00 | 8.61 | 10.71 | 6.23 | ||
| Median: 5 Co. | — | 174.00 | 321 Cr | 26.25 | 2.24 | 0.00 | 11.60 | 11.88 | 5.92 |
Regulatory/Compliance Filing
Horizon Reclaim reported higher IPO issue expenses of ₹476.29 lakh versus ₹434.44 lakh estimated, reducing the allocation for general corporate purposes. No change occurred in the IPO objects.
Financial Results
Horizon Reclaim approved unaudited standalone financial results for the half year ended September 30, 2026, along with the limited review report and monitoring agency report.
Regulatory/Compliance Filing
Horizon Reclaim submitted CRISIL Ratings’ monitoring agency report for the quarter ended September 30, 2026, stating IPO proceeds were utilized as disclosed with no deviations.
Board Meeting
Horizon Reclaim will hold a board meeting on 14 November 2026 to consider unaudited standalone half-year results for the period ended 30 September 2026.
Horizon Reclaim (India) Ltd is currently trading at 132.90 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Horizon Reclaim (India) Limited manufactures reclaimed rubber, crumb rubber, pyrolysis oil and recovered carbon char from end-of-life tyres and industrial scrap, operating an integrated recycling platform with core manufacturing at Haridwar and a newly commissioned pyrolysis facility at Rajkot; the company listed on the BSE SME platform in June 2026 after its IPO. Financial momentum is notable: revenues grew from ₹20.33 crore in FY24 to ₹49.42 crore in FY26 while PAT expanded from ₹0.71 crore to ₹10.50 crore over the same period, reflecting rapid scale-up, rising capacity utilisation to 90% in FY26 and improving margins as fixed assets and production capacity increased materially. Horizon Reclaim’s business mixes product sales with sustainability monetisation: core revenue remains dominated by Natural Reclaim grades (WTR and 202), while EPR credit monetisation contributed 6.28% of FY26 revenues and the company is commercialising pyrolysis oil and recovered carbon char as alternative industrial fuels and feedstock. Operational strengths include integrated in-house technology, ISO and CPCB approvals, an in-house quality laboratory, and a pan-India distribution footprint; management emphasizes development of application-specific grades, geographic expansion beyond North India and EPR-led ESG positioning to deepen customer stickiness and improve per-ton realisations.
Over the past 52 weeks, Horizon Reclaim (India) Ltd has traded between a low of ₹103.00 and a high of ₹164.60. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Horizon Reclaim (India) Ltd has a market capitalization of approximately 258.29. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Horizon Reclaim (India) Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 24.60 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 258.29 Cr, Horizon Reclaim (India) Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Horizon Reclaim (India) Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Horizon Reclaim (India) Ltd is 24.60. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Horizon Reclaim reported Rs 16.44 crore of cash and cash equivalents at September 30, 2026. This was up from Rs 15.03 lakh at March 31, 2026, following a Rs 16.29 crore increase during the half-year.
Rajkot reported an initial operating loss of Rs 55.32 lakh in the half year ended September 30, 2026. Horizon Reclaim said the primary cause was Rs 80.73 lakh of depreciation on newly capitalised plant and machinery. The filing does not provide a separate cash operating profit figure for Rajkot.
Horizon Reclaim’s joint auditors said recovery of its Rs 6.25 crore land-acquisition advance was doubtful at September 30, 2026. They said a provision should have been recognised, but Horizon Reclaim did not record one.
Horizon Reclaim is scheduled to hold its board meeting on 14 November 2026. The board will consider unaudited standalone financial results for the half year ended 30 September 2026.
