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Baheti Recycling share price & results

Baheti Recycling· Capital Goods· Industrials

Results to
Mar 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Gujarat-based secondary aluminium recycler converting imported scrap into alloy ingots, de-ox products and (new) wire rods for auto, steel and engineering OEMs

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue410 ₹ crore+53.6% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin10.0 %+1.0 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit18.0 ₹ crore+63.6% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable−0.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin-5.58 %−0.5 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable+16.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

3 of 5 judged targets kept · 10 open · verdicts reflect calls analysed to Q4 FY26.

Baheti Recycling management guidance track record on Inve: 15 targets tracked across analysed earnings calls (3 achieved, 2 missed, 10 open).

TargetOriginal wordingSaidLatest callVerdict
IATF CertificationIATF certificate will get by the month of June end
Call transcript, Q4 FY25 · 7 May 2025		Q4 FY25Q4 FY26:Certification continues to yield results, adding OEM clients like Bajaj, TVS, Royal Enfield.
Call transcript, Q4 FY26 · 5 May 2026		Achieved
Capacity Utilization75% to 80% by this end of financial year [FY26]
Call transcript, Q4 FY25 · 7 May 2025		Q4 FY25Q4 FY26:Actual utilization reported at 60% for FY26. Target pushed again to 75-80% for FY27.
Call transcript, Q4 FY26 · 5 May 2026		Missed
New Furnace InstallationIt will be installed by July or by August
Call transcript, Q4 FY25 · 7 May 2025		Q4 FY25Q4 FY26:Management noted commencement of 5 new electrical furnaces in FY27, indicating a significant delay from original July/Aug FY26 timeline.
Call transcript, Q4 FY26 · 5 May 2026		Delayed

Source: Inve Guidance Tracker for Baheti Recycling · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Baheti Recycling's 15 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 12 more targets are in the full ledger.

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Price

₹710 +2.17% · +₹15.1

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +21.2% 1Y

₹500₹600₹700₹800Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 14 Nov 2025Q4 FY26 — 5 May 2026

1Y: ₹585.95 on 24 Oct 2025 → ₹710. High ₹861.8 (31 Aug 2026), low ₹483.95 (23 Mar 2026).

Previous close
₹694.9
Market cap
₹746 Cr
52-week range
₹483.95 – ₹861.8
One year
+22.40%
Price to earnings (FY ending Mar 2026)
27.63×
Return on equity (FY ending Mar 2026)
35.53%

Overview

Symbol
NSE:BAHETI
Industry
Industrials
Exchange
NSE
Currency
INR

What Baheti Recycling does

Based on the company's own presentations, annual report and earnings calls.

Baheti Recycling Industries processes aluminium-based metal scrap at a single integrated facility in Dehgam, Gujarat into aluminium alloy ingots and de-oxidizer products (notch bars, cubes, ingots, shots) used by automotive, steel, electrical and engineering customers. It sources roughly 80% of its scrap imported from the UK, Europe and the US, melts and refines it through tilting rotary and electric furnaces, and sells the recycled alloys domestically and to export markets. The company is now also building an aluminium wire rod line at the same site to supply cables, conductors and wire manufacturers.

Segments

  • Aluminium Alloy Ingots
  • Aluminium De-Ox Products
  • Aluminium Wire Rods
Installed production capacity
38,000 MT/yr
Capacity utilisation
60.46%
Volume sold
22,976 MT (FY26)
Manufacturing site
5 acres, Dehgam, Gujarat (2.5 acres idle land available)
Furnaces
8 furnaces of 300kg + 7 electric furnaces of 700kg + 2 Tilting Rotary/Skelner furnace pairs (40 MTPD each)
Worldwide customers
150+
Founded 1994Headquarters Ahmedabad, Gujarat, IndiaEmployees 300 (FY26) Company website

How the price took the results

close before → close after

Q4 FY26
+0.9%
5 May
Q2 FY26
−3.3%
15 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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