---
title: "Horizon Reclaim (India) Ltd (544794) — Share Price, Financials & Analysis"
symbol: "544794"
company: "Horizon Reclaim (India) Ltd"
canonical: "https://tapetide.com/stocks/544794"
bse_code: "544794"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:39:43.636Z"
---

# Horizon Reclaim (India) Ltd (544794)

Canonical page: https://tapetide.com/stocks/544794

## Company

- **BSE Code:** 544794
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** horizonreclaim.com

## About

Incorporated in 2006, Horizon Reclaim (India) 
Ltd. is engaged in the manufacturing of reclaimed rubber.[1]

## Latest Price

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 48.3%
- Debtor days have improved from 40.7 to 25.0 days.

### Weaknesses

- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 52% | 150% |
| revenue growth | 36% | 36% |

## Financial Statements

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 20 | 20 | 36 | 49 |
| Expenses | 19 | 19 | 26 | 34 |
| Operating Profit | 1 | 1 | 10 | 16 |
| OPM % | 5 | 5 | 28 | 32 |
| Other Income | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 1 | 1 |
| Profit before tax | 1 | 1 | 10 | 14 |
| Tax % | 26 | 25 | 27 | 27 |
| Net Profit | 1 | 1 | 7 | 10 |
| EPS in Rs | 89.33 | 94.67 | 4.96 | 7.37 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 0.75 | 0.75 | 14 | 14 |
| Reserves | 6 | 7 | 0 | 11 |
| Borrowings | 0 | 0 | 10 | 36 |
| Other Liabilities | 1 | 1 | 2 | 4 |
| Total Liabilities | 8 | 8 | 26 | 65 |
| Fixed Assets | 2 | 2 | 4 | 6 |
| CWIP | 0 | 2 | 4 | 36 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 5 | 4 | 18 | 23 |
| Total Assets | 8 | 8 | 26 | 65 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 1 | 2 | 10 |
| Cash from Investing Activity | 0 | -2 | -12 | -35 |
| Cash from Financing Activity | 0 | 0 | 10 | 25 |
| Net Cash Flow | 0 | 0 | 0 | 0 |
| Free Cash Flow | 0 | 0 | -10 | -25 |
| CFO/OP | 73 | 164 | 46 | 84 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 57 | 43 | 54 | 25 |
| Inventory Days | 31 | 29 | 68 | 157 |
| Days Payable | 5 | 11 | 3 | 20 |
| Cash Conversion Cycle | 83 | 61 | 119 | 162 |
| Working Capital Days | 62 | 49 | -8 | -52 |
| ROCE % | — | 12 | 62 | 36 |

## Shareholding Pattern

### annual

| Category | Jun 2026 |
| --- | --- |
| Promoters | 69.97% |
| FIIs | 3.63% |
| DIIs | 6.75% |
| Government | 1.64% |
| Public | 18.02% |
| No. of Shareholders | 1041 |

### Quarterly

| Category | Jun 2026 |
| --- | --- |
| Promoters | 69.97% |
| FIIs | 3.63% |
| DIIs | 6.75% |
| Government | 1.64% |
| Public | 18.02% |
| No. of Shareholders | 1041 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 6 / 9 / 4

### Moving Averages — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 118.8 | Buy |
| EMA (10) | 119.38 | Buy |
| SMA (20) | 121.36 | Buy |
| EMA (20) | 122.44 | Buy |
| SMA (50) | 132.92 | Sell |
| EMA (50) | 131.12 | Sell |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.14 | Neutral |
| MACD (12,26,9) | -4.27 | Buy |
| Stochastic (14,3,3) | 52.23 | Neutral |
| ADX (14) | 25.82 | Buy |
| Williams %R (14) | -20.2 | Neutral |
| ATR (14) | 6.33 | High Volatility |
| ROC (12) | -2.49 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 51.39 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Sep - Newspaper Publication-Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep - Newspaper Publication-Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=caea3ca0-1b79-498b-a2a5-0e5643c5f3f4.pdf) |
| 7 Sep - Annual Report for FY 2025-26 submitted; 20th AGM on September 30, 2026 via VC/OAVM. | [Reg. 34 (1) Annual Report. 7 Sep - Annual Report for FY 2025-26 submitted; 20th AGM on September 30, 2026 via VC/OAVM.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54f94722-2501-4493-b4eb-1e340b0f0f37.pdf) |
| 7 Sep - 20th AGM on 30 September 2026; approve financials, Malika Bajaj reappointment, and secretarial auditor appointment. | [Notice Of 20Th Annual General Meeting To Be Held On Wednesday, September 30, 2026 7 Sep - 20th AGM on 30 September 2026; approve financials, Malika Bajaj reappointment, and secretarial auditor appointment.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ecccc65-ea91-4822-8819-9d652fea430d.pdf) |
| 7 Sep - 20th AGM on 30 Sep 2026 via VC/OAVM; Malika Bajaj reappointment and secretarial auditor appointment proposed. | [Notice Of 20Th Annual General Meeting To Be Held On Wednesday, September 30, 2026. 7 Sep - 20th AGM on 30 Sep 2026 via VC/OAVM; Malika Bajaj reappointment and secretarial auditor appointment proposed.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7557baf3-7296-4892-aa22-89810bd3ec18.pdf) |
| 5 Sep - Board approved FY26 annual report, secretarial auditor appointment, and AGM on 30 September 2026. | [Board Meeting Outcome for Outcome Of Board Meeting Held On September 05, 2026 5 Sep - Board approved FY26 annual report, secretarial auditor appointment, and AGM on 30 September 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=691c8d4f-beac-424c-8a2a-c626a0fc6fe1.pdf) |
| 4 Aug - Disclosure Under Regulation 30 of SEBI (LODR) Regulations, 2015- Investor Presentation. | [Announcement under Regulation 30 (LODR)-Investor Presentation 4 Aug - Disclosure Under Regulation 30 of SEBI (LODR) Regulations, 2015- Investor Presentation.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aca853f2-bfdb-45cc-9c41-ff2afeb7a9ae.pdf) |
| 3 Aug - Rajkot Pyrolysis Oil facility commissioned; first commercial sale on 20 July 2026, ₹26.70 crore borrowings repaid. | [Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Business Update For The Quarter Ended June 30, 2026 3 Aug - Rajkot Pyrolysis Oil facility commissioned; first commercial sale on 20 July 2026, ₹26.70 crore borrowings repaid.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=85b90f87-f6d2-4cdc-9172-8bf4e71e19d5.pdf) |
| 29 Jul - EquiBridgeX Advisors appointed as Investor and Public Relations Agency from July 28, 2026. | [Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015. Intimation For Appointment Of Investor And Public Relations Agency Of The Company. 29 Jul - EquiBridgeX Advisors appointed as Investor and Public Relations Agency from July 28, 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7cfc9033-d487-428b-b267-d019e9466a2a.pdf) |
| 14 Jul - Regulation 74(5) certificate filed for quarter ended June 30, 2026; no demat or remat requests received. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Jul - Regulation 74(5) certificate filed for quarter ended June 30, 2026; no demat or remat requests received.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ba26289-37ce-4846-9095-142942d9e85b.pdf) |
| 14 Aug - Q1 FY27 monitoring agency report: no IPO proceeds utilized; funds remain deployed in fixed deposit and account. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 Aug - Q1 FY27 monitoring agency report: no IPO proceeds utilized; funds remain deployed in fixed deposit and account.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56a8871b-0444-462f-a9df-2d2866dd1be9.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:39:43.636Z.