Baheti Recycling Industries Limited, originally incorporated as "Baheti Metal And Ferro Alloys Limited" on December 28, 1994, changed its name to "Baheti Recycling Industries Limited" on January 25, 2022. Headquartered in Ahmedabad, Gujarat, the company has established itself as a prominent player in India's aluminium recycling sector.
The company is primarily engaged in processing aluminium-based metal scrap to manufacture aluminium alloys in the form of ingots and aluminium deox alloys in various forms. Its main product line includes Aluminium Wire Rod, Aluminium Deox, Cored Wire, Aluminium Alloy Ingots, Ferro Titanium, and Conductor & Cables. The versatile properties of aluminium and its alloys make them valuable for applications in diverse industries, including automotive, construction, electrical transmission, and food packaging.
The market capitalization of Baheti Recycling Industries Ltd (BAHETI) stood at ₹605 Cr as of June 3, 2025. The company has demonstrated strong financial performance with notable growth metrics.
- Market Capitalization: ₹605 Cr (as of June 3, 2025)
- Operating Revenue (TTM): Rs. 1,160.39 Cr
- Annual Revenue Growth: 22%
- Return on Equity (ROE): 30%
- Debt-to-Equity Ratio: 3% (indicating a healthy balance sheet)
- H2FY25 Performance:
- Revenue increased by 19.7% (INR 267 crore vs INR 223 crore YoY)
- Net Profit increased from INR 4 crore to INR 11 crore (YoY)
The company operates three rotary facilities and 15 furnaces with a total installed capacity of 29,160 MTPA. Currently running at approximately 64% utilization, this infrastructure provides significant room for expansion. Baheti's Aluminium de-ox alloys are crucial for steel manufacturing units, catering primarily to the automotive parts and steel sectors.
The company has been strengthening its market position through strategic partnerships with leading OEMs, underscoring confidence in its product quality and reliable delivery performance.
Baheti Recycling Industries' product portfolio focuses on aluminium alloys and related products derived from scrap processing. Their offerings, such as Aluminium Wire Rod, Aluminium Deox, Cored Wire, and Aluminium Alloy Ingots, serve critical industrial needs. The company's strategy involves leveraging its processing capabilities to supply high-quality materials to key sectors like automotive and steel.
Baheti Recycling Industries' stock has shown strong upward momentum:
- Last 6 Months: Share price increased by 36.95%
- Last 1 Year: Share price increased by 89.32%
This performance outpaces many industry peers, reflecting significant investor confidence.
- Stock Symbol: BAHE
- Exchange: NSE
- 52-Week High: ₹649.90
- 52-Week Low: ₹247.05
- P/E Ratio: 33.68 (Lower than industry average of 41.94, suggesting potential undervaluation)
- PEG Ratio: 0.22 (Reinforces outlook for undervaluation)
- Dividend Yield: 0.09%
Baheti Recycling Industries has demonstrated exceptional growth over the past five years:
- Revenue Growth (5-Year Avg. Annual): 23.78% (vs. Industry Avg. of 9.99%)
- Net Income Growth (5-Year Avg. Annual): 71.88% (vs. Industry Avg. of 9.76%)
This remarkable net income growth highlights the company's enhanced operational efficiency and profitability. The company has also steadily increased its market share in the aluminium recycling sector, growing from 0.1% to 0.18% over the last 5 years.
- Chairman: Shankerlal Bansilal Shah
- Managing Director: Balkishan Shankerlal Shah
- Promoter Holding: Over 65% stake, indicating strong commitment and confidence in the company's long-term vision and growth trajectory.
Baheti Recycling Industries is strategically positioned in the sustainable aluminium recycling sector, aligning with global trends towards a circular economy. The company's focus on processing aluminium scrap into high-quality alloys is well-suited to benefit from increasing environmental regulations and corporate sustainability initiatives, particularly within the automotive and construction industries.
With current capacity utilization at approximately 64%, Baheti has substantial scope for growth without requiring significant immediate capital expenditure. This makes it an attractive investment for those seeking exposure to the metals recycling sector with robust fundamentals and promising growth potential.
