Baheti Recycling Industries Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹728 Cr
- P/E
- 26.93
- ROE
- 35.37%
- PEG
- 0.37
- Price to sales
- 1.00
- Debt to equity
- 2.47
- 52W high / low
- ₹862 / ₹484
- Sales growth (5Y)
- 41.55%
- EBITDA margin
- 8.42%
- Net profit margin
- 3.73%
- Promoter holding
- 74.13%
- Sales (last year)
- ₹724 Cr
Incorporated in 1994, Baheti Recycling Industries Ltd manufactures and trades non-ferrous metal[1]
Guidance scorecard · Q4 FY26 call
What Baheti Recycling Industries Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ4 FY26 call
40%+- FY27 target: Approximately ₹1,000 crore revenue milestone with existing plant excluding aluminum wire rod sales.
- Aluminum wire rod division to start contributing from Q4 FY27; initially ~10-15% utilization of 12,500 tons capacity.
- FY28: Expect aluminum wire rod utilization to reach ~70-80%, driving significant revenue growth.
- Projected overall revenue CAGR of 30-40% in FY27 and FY28, aiming for ₹1,200 crore revenue in FY28.
- Volume growth focused on aluminum wire rod segment expansion (up to 25,000 tons post Phase 2).
- Growth driven by expanded client base including OEMs like Bajaj Auto, TVS Motor, Royal Enfield, with repeat orders.
2 more points from Baheti Recycling Industries Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Baheti Recycling Industries Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company is planning additional capex for expanding capacity by 5,000-7,000 tons at the existing premises.
- A new aluminum wire rod project with a capacity of 12,500 tons is underway.
- Phase 1 of the wire rod project is expected to commission by October-November 2026, with initial utilization at 10-15% for the first 3-4 months.
- FY28 is targeted for around 70-80% utilization of the wire rod plant.
- Phase 2 capex for the wire rod project will be around ₹5 crores for furnace setup, with infrastructure costs spread across both phases.
- The company expects the new wire rod business to contribute meaningfully starting FY28, improving revenues and margins.
2 more points from Baheti Recycling Industries Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Baheti Recycling Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Baheti Recycling Industries Limited is heading into FY27 with a minimum order book of ₹200 crores.
- This order book excludes orders related to the aluminum wire rod plant.
- The company has recently started catering to OEMs with initial sales and repeated orders, e.g., 250 tons to Bajaj Auto, 150 tons to TVS Motor, and 100 tons to Royal Enfield.
- The aluminum wire rod project is expected to start contributing from Q4 FY27, with margins and sales expected to grow significantly in FY28.
2 more points from Baheti Recycling Industries Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Baheti Recycling Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Baheti Recycling Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Baheti Recycling Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 72 | 117 | 148 | 106 | 127 | 248 | 358 | 429 | 524 | 725 |
| Expenses + | 70 | 115 | 144 | 102 | 123 | 240 | 344 | 408 | 483 | 664 |
| Operating Profit | 2 | 3 | 4 | 4 | 4 | 7 | 13 | 20 | 41 | 61 |
| OPM % | 3% | 3% | 3% | 3% | 3% | 3% | 4% | 5% | 8% | 8% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 |
| Interest | 2 | 2 | 3 | 3 | 3 | 3 | 6 | 10 | 15 | 22 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 3 |
| Profit before tax | 0 | 0 | 1 | 0 | 1 | 4 | 7 | 9 | 24 | 37 |
| Tax % | 24% | 41% | 25% | 33% | 36% | 28% | 24% | 22% | 25% | 26% |
| Net Profit + | 0 | 0 | 0 | 0 | 0 | 3 | 5 | 7 | 18 | 27 |
| EPS in Rs | 0.75 | 0.77 | 1.25 | 0.56 | 1.28 | 6.40 | 5.09 | 6.94 | 17.37 | 26.10 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | 7% | -0% | -0% |
Financials of Baheti Recycling Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 5 | 10 | 10 | 10 | 10 |
| Reserves | 6 | 6 | 7 | 7 | 7 | 12 | 24 | 31 | 49 | 83 |
| Borrowings + | 18 | 28 | 28 | 31 | 38 | 51 | 71 | 102 | 158 | 229 |
| Other Liabilities + | 1 | 4 | 6 | 3 | 14 | 14 | 21 | 21 | 32 | 53 |
| Total Liabilities | 28 | 42 | 45 | 45 | 63 | 82 | 127 | 165 | 249 | 376 |
| Fixed Assets + | 3 | 5 | 6 | 6 | 7 | 7 | 9 | 10 | 20 | 34 |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 8 | 2 | 6 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 2 |
| Other Assets + | 25 | 37 | 39 | 39 | 56 | 75 | 118 | 147 | 227 | 335 |
| Total Assets | 28 | 42 | 45 | 45 | 63 | 82 | 127 | 165 | 249 | 376 |
Financials of Baheti Recycling Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -0 | -1 | 3 | 5 | -1 | 3 | -22 | -11 | -23 | -36 |
| Cash from Investing Activity + | -2 | 0 | -2 | -1 | -1 | 2 | -3 | -10 | -5 | -14 |
| Cash from Financing Activity + | 2 | 1 | -2 | -4 | 3 | -5 | 26 | 20 | 28 | 50 |
| Net Cash Flow | -0 | 0 | -0 | 0 | 0 | 0 | 1 | -1 | 0 | 0 |
| Free Cash Flow | -0 | -2 | 2 | 4 | -3 | 2 | -25 | -21 | -28 | -46 |
| CFO/OP | 2% | -17% | 89% | 143% | -23% | 56% | -156% | -41% | -47% | -45% |
Financials of Baheti Recycling Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 41 | 76 | 40 | 74 | 73 | 56 | 55 | 41 | 50 | 46 |
| Inventory Days | 64 | 34 | 55 | 60 | 78 | 51 | 61 | 84 | 115 | 134 |
| Days Payable | 2 | 11 | 11 | 8 | 32 | 17 | 20 | 17 | 19 | 25 |
| Cash Conversion Cycle | 103 | 99 | 83 | 126 | 118 | 90 | 97 | 109 | 146 | 155 |
| Working Capital Days | 112 | 104 | 19 | 23 | 33 | 23 | 34 | 29 | 37 | 36 |
| ROCE % | 8% | 9% | 8% | 9% | 13% | 15% | 16% | 22% | 22% |
Guidance history
How Baheti Recycling Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 20–40% | Up 2%+ | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
71 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +21.5% | 75% |
| Last 6 months | +15.9% | 73% |
| Last 3 months | −3.2% | 61% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Baheti Recycling Industries Ltd: 0.4 × 75 + 0.4 × 73 + 0.2 × 61 = 71.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Baheti Recycling Industries Ltd's management said in earlier quarters
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