Horizon Reclaim (India)544794Periodic business update
Revised H1 FY27 business update: revenue ₹28.17 Cr, capacity to rise to 86,800 MTPA
Horizon Reclaim has resubmitted its H1 FY 2026-27 business update, replacing the earlier version after an inadvertent typo was identified.
By ScoutQuest · · 2 min read
- H1 FY27 Revenue
- ₹28.17 Cr
- Revenue Growth YoY
- up 28.24% year-on-year
- Capacity (Installed / Planned)
- Installed capacity 59,700 MTPA; planned capacity 86,800 MTPA, expected to become operational in November 2026
What was shared
- A revised Business Update for the half year ended September 30, 2026, resubmitted because an inadvertent typo was identified in the earlier version.
- The company has asked the exchange to consider the revised document and disregard the earlier submission.
- The update covers performance, key developments and strategic initiatives for H1 FY 2026-27.
H1 FY27 numbers
- Revenue: ₹28.17 Cr
- Year-on-year growth: 28.24%
- The update notes that the figures are management estimates and are subject to final audit adjustments.
Capacity and operations
- Manufacturing units: 2 (Uttarakhand and Gujarat).
- Installed capacity: 59,700 MTPA.
- Planned capacity: 86,800 MTPA, with the expanded capacity expected to become operational in November 2026.
- Capacity utilisation: Unit 1 at 95%, Unit 2 at 50%.
- Products span reclaimed rubber, crumb rubber and pyrolysis products.
- The Rajkot (Unit II) pyrolysis oil facility was commissioned, with commercial sales commencing on July 20, 2026. It converts waste tyres into pyrolysis oil, carbon char and steel scrap.
- Waste rubber is procured from domestic and imported sources, and the company operates ISO 9001:2015 certified manufacturing processes.
Listing and IPO details
- The company listed on the BSE SME platform on June 19, 2026.
- IPO size: ₹54.27 Cr at ₹103 per share.
- The IPO was subscribed 304.11 times.
- Shares listed at ₹151, a premium of 46.6% to the issue price.
Business description
- Incorporated in 2006, the company makes reclaimed rubber from used rubber materials such as old tyres, rubber tubes, tread peelings and industrial scrap.
- Its portfolio covers natural rubber reclaim, synthetic rubber reclaim (including EPDM and Butyl) and crumb rubber.
- End uses include footwear, automotive components, floor mats, construction products, road construction and sports surfaces.
- Sales are mainly business-to-business, largely to small and medium enterprises and industrial customers, mainly in north-western India.
Management commentary
- The Managing Director, Mr. Mohit Bajaj, said the listing has strengthened the balance sheet and is funding capacity expansion, and that the company is positioned to serve demand across footwear, automotive, construction and infrastructure sectors.
- The document carries a forward-looking statement disclaimer.
Also from Horizon Reclaim (India)
Business update for H1 FY27: revenue ₹ 2,817.98 Cr, up 28.24% year-on-year
17 Oct 2026
More numbers
- H1 FY27 revenue28.17 Cr
- Revenue year-on-year growth28.24%
- Installed capacity59,700 MTPA
- Planned capacity86,800 MTPA
- Capacity utilisation - Unit 195%
- Capacity utilisation - Unit 250%
- IPO size54.27 Cr
- IPO subscription304.11 times
Source: BSE · 19 Oct 2026
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