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Horizon Reclaim (india) Limited (SME)

Minimum Investments
₹2,35,200
Price Range
₹98 - ₹103
Issue Size
₹54.27 Cr
Lot Size
1200shares
This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 1200 shares after listing.
Proceeds of this IPO to be used for
Funding the working capital requirements of the company
Pre-payment or repayment of all or a portion of certain outstanding borrowings availed by the company
Funding capital expenditure for the installation of additional plant & machinery
To meet general corporate purposes
Strengths & Weaknesses
Quality

The company places strong emphasis on quality assurance throughout its manufacturing operations, with rigorous testing and quality control measures applied from raw material procurement to finished product dispatch. Its in-house laboratory conducts detailed inspections and batch testing to ensure products consistently meet prescribed standards, technical specifications, and customer requirements

Client relationship

The company serves a diversified customer base across industries such as automotive, footwear, construction, sports surfaces, and flooring, reducing dependence on any single sector. It has built strong customer relationships through consistent product quality, reliable performance, and dependable supply, resulting in recurring business and customer loyalty

In-house manufacturing facility

The company operates a manufacturing facility in Roorkee, Uttarakhand, with an installed reclaim rubber production capacity of 14,100 MT per annum. Its technology-driven and cost-efficient manufacturing process, supported by modern equipment and flexible infrastructure, enables the production of customized recycled rubber products while providing a competitive advantage across end-use industries

Technology upgradation & modernization risk

The company operates in an industry subject to rapid technological advancements, which may require continuous upgrades or replacement of manufacturing equipment to remain competitive. Failure to adopt new technologies in a timely and cost-effective manner, or the need for significant capital expenditure on modernization, could adversely affect operational efficiency, product quality, and financial performance

Competition

The company operates in a highly competitive industry and faces competition from both organized and unorganized domestic and international players. Increased competition may lead to pricing pressure, loss of market share, reduced margins, and challenges in maintaining its competitive position, potentially affecting growth and financial performance

Inventory management risks

The company’s performance depends on effective inventory management and accurate demand forecasting. Any mismatch between production and customer demand could result in product shortages, excess inventory, higher working capital requirements, inventory write-downs, and adverse impacts on profitability, cash flows, and liquidity

Financials

Income Statement

Also called a profit and loss statement, an income statement shows a company’s income, expenses, and how much profit or loss it has made over a specific accounting period. It provides a clear view of how well the business is running.

Particulars (in Cr)Mar 2026Y/Y Change
Operating Revenue49.42+36.44%
Other Income0.59+247.06%
Total Income50.01+37.43%
Total Expenditure35.72+33.98%
EBIDT16.39+56.24%
Depreciation0.90+63.64%
Interest1.20+445.45%
Tax3.79+42.48%
Net Profit10.50+48.51%

Balance Sheet

A balance sheet is a financial statement that details a company’s assets, liabilities, and shareholders’ equity at a given time. It helps assess how financially strong and stable the company is.

Particulars (in Cr)Mar 2026
Total Current Assets14.44
Total Non-Current Assets50.44
Fixed assets42.01
Total Assets64.88
Total Current liabilities21.33
Total Non Current Liabilities18.71
Total Equity Plus Liabilities64.88
Total Shareholder Funds24.83
Total Debt to Equity144.00%

Cash Flow

Cash flow highlights the cash or cash equivalents moving in and out of a company during a particular period. It provides a clear picture of how well a company manages its cash by tracking its operating, investing and financing activities.

Particulars (in Cr)Mar 2026
Cash from Operating Activity10.09
Cash from Financing Activities24.60
Cash from Investing Activities-34.65
Net Cash Flow0.05

About the Company

Horizon Reclaim (India) was incorporated on August 21, 2006. The company offers reclaimed rubber products across three categories: natural rubber reclaim, synthetic rubber reclaim, and crumb rubber. These products are supplied in various grades and are used in applications such as footwear, automotive components, construction materials, road construction, and sports surfaces

Promoter
Mohit Bajaj
Promoter
Malika Bajaj

FAQs for Horizon Reclaim (india) Limited IPO

Bidding Opens Soon
12 Jun 26 - 16 Jun 26