Company Background

Incorporated in 2006, Horizon Reclaim (India) Limited manufactures reclaimed rubber recycled from used rubber materials including old tyres, rubber tubes, tread peelings and industrial scrap. The company's product portfolio includes Natural Rubber Reclaim, Synthetic Rubber Reclaim (EPDM and Butyl) and Crumb Rubber, serving footwear, automotive components, floor mats, construction products, road construction and sports surface applications. Sales are primarily business-to-business, catering to small and medium enterprises and industrial customers mainly in north-western India.

H1 FY27 Financial Performance

  • Revenue: ₹28.17 crore
  • Year-over-Year Growth: 28.24%

Key Operating Metrics (as on September 2026)

  • Manufacturing units: 2 (Uttarakhand and Gujarat)
  • Installed capacity: 59,700 MTPA
  • Planned capacity: 86,800 MTPA
  • Product categories: Reclaimed rubber, crumb rubber, pyrolysis products
  • Capacity utilisation — UNIT 1: 95%
  • Capacity utilisation — UNIT 2: 50%

Business Highlights

  • BSE SME Listing: The company listed on the BSE SME platform on June 19, 2026 through an IPO of ₹54.27 crore at ₹103 per share. The IPO was subscribed 304.11 times, and shares listed at ₹151, representing a premium of 46.6% to the issue price.
  • Rajkot Pyrolysis Facility: Commissioned the Rajkot (Unit II) pyrolysis oil facility with commercial sales commencing on July 20, 2026. The facility converts waste tyres into pyrolysis oil, carbon char and steel scrap.
  • Capacity Expansion: Ongoing expansions will increase planned capacity from 59,700 MTPA to 86,800 MTPA, expected to become operational in November 2026.
  • Raw Material Sourcing: Procures waste rubber from domestic and imported sources and operates ISO 9001:2015 certified manufacturing processes.

Management Commentary

Mr. Mohit Bajaj, Managing Director, stated: "For nearly two decades, we have built Horizon Reclaim on a simple idea - that waste rubber is a resource. From reclaimed rubber and crumb rubber, we have now extended our circular economy model into pyrolysis oil, carbon char and steel scrap with the commissioning of our Rajkot facility. Our listing on the BSE SME platform has strengthened our balance sheet and is funding our capacity expansion, and we are well positioned to serve growing demand for sustainable raw materials across the footwear, automotive, construction and infrastructure sectors."

Disclaimer and Notes

The document contains forward-looking statements subject to risks and uncertainties including government actions, local, political or economic developments, technological risks, and other factors that could cause actual results to differ materially. The company undertakes no obligation to publicly update these forward-looking statements. All figures mentioned are management estimates and subject to final audit adjustments.

Corporate Contact Information

Corporate Communication Advisor: Ms. Pooja Gandhi, EquiBridgex Advisors Private Limited