Gujarat-based secondary aluminium recycler converting imported scrap into alloy ingots, de-ox products and (new) wire rods for auto, steel and engineering OEMs
Price
Market Cap
Sector
Industrials
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 4 | 4 | 5 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 7 | 7 | 12 | 24 | 31 | 49 | 58 | 83 |
| Borrowings | 31 | 38 | 51 | 71 | 102 | 158 | 203 | 229 |
| Other Liabilities | 3 | 14 | 14 | 21 | 21 | 32 | 58 | 53 |
| Total Liabilities | 45 | 63 | 82 | 127 | 165 | 249 | 329 | 376 |
| AssetsFixed Assets | 6 | 7 | 7 | 9 | 10 | 20 | 20 | 34 |
| CWIP | 0 | 0 | 0 | 0 | 8 | 2 | 2 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| Other Assets | 39 | 56 | 75 | 118 | 147 | 227 | 305 | 335 |
| Total Assets | 45 | 63 | 82 | 127 | 165 | 249 | 329 | 376 |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
BAHETI · CYCLICAL_UNMODELABLE
Guides on how to read this kind of business and the numbers that matter.