Price
Financials
Standalone, Rs crore| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 160 | 200 | 207 | 223 | 257 | 267 | 315 | 410 |
| Expenses | 170 | 177 | 199 | 210 | 241 | 243 | 294 | 370 |
| Operating Profit | -9 | 22 | 8 | 13 | 16 | 24 | 21 | 40 |
| OPM % | -6% | 11% | 3.7% | 6% | 6% | 9% | 7% | 10% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 2 | 4 | 4 | 6 | 6 | 9 | 8 | 14 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | -11 | 18 | 4 | 6 | 9 | 15 | 12 | 25 |
| Tax % | 0% | 9% | 18% | 26% | 26% | 25% | 23% | 27% |
| Net Profit | -11 | 17 | 3 | 4 | 7 | 11 | 9 | 18 |
| EPS in Rs | -14.86 | 16.00 | 2.85 | 4.10 | 6.77 | 10.60 | 8.94 | 17.03 |
| 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 | 724 |
| Expenses | 70 | 115 | 144 | 102 | 123 | 240 | 344 | 408 | 483 | 663 |
| Operating Profit | 2 | 3 | 4 | 4 | 4 | 7 | 13 | 20 | 41 | 61 |
| OPM % | 3.4% | 2.5% | 2.6% | 3.4% | 3.3% | 3.0% | 3.7% | 4.7% | 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 | 25.90 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 7% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 42% | 26% | 38% | ||
| Compounded Profit Growth | % | 125% | 72% | 51% | ||
| Stock Price CAGR | % | % | 73% | 41% | ||
| Return on Equity | 24% | 30% | 32% | 35% |
| 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 | 232 |
| Other Liabilities | 1 | 4 | 6 | 3 | 14 | 14 | 21 | 21 | 32 | 51 |
| 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 |
| 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% |
| 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% |
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters | 73.37% | 73.40% | 73.40% | 73.98% | 74.51% | 74.69% | 74.13% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.04% |
| Public | 26.63% | 26.60% | 26.60% | 26.02% | 25.49% | 25.13% | 25.83% |
| No. of Shareholders | 445 | 483 | 667 | 535 | 751 | 1,013 | 1,035 |
Fundamentals
Market Cap₹ 799 Cr.
Current Price₹ 765
Stock P/E29.6
Book Value₹ 89.7
ROCE21.6 %
ROE35.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)38%
Compounded Profit Growth (TTM)51%
Standalone figures.
Valuation
Market capRs 766 Cr
Enterprise valueRs 997 Cr
P/E (TTM)28.30x
Price to book8.18x
Price to sales1.06x
EV / EBITDA16.20x
EV / EBIT17.04x
EV / sales1.38x
Earnings yield3.53%
P/E, 3-year average26.72x
P/B, 3-year average6.82x
P/E, 5-year average24.38x
P/B, 5-year average5.78x
Profitability
Operating margin (excl. other income)8.42%
Operating margin (incl. other income)8.50%
EBITDA margin8.50%
Pre-tax margin5.05%
Net profit margin3.74%
ROE35.42%
ROCE21.57%
ROA8.66%
ROE, 3-year average30.04%
ROCE, 3-year average19.68%
ROA, 3-year average7.43%
ROE, 5-year average26.40%
ROCE, 5-year average17.40%
ROA, 5-year average6.28%
ROIC (approx.)13.35%
Tax rate25.88%
Other income / net worth0.60%
Growth
Sales growth (latest year)38.15%
Profit growth (latest year)50.25%
Sales CAGR, 3 years26.48%
Sales CAGR, 5 years41.55%
Profit CAGR, 3 years72.41%
Profit CAGR, 5 years123.98%
Per share
EPS (TTM)Rs 25.90
EPS (latest year)Rs 25.90
EPS, 3-year averageRs 16.74
EPS, 5-year averageRs 12.34
Book value per shareRs 89.66
Sales per shareRs 692.73
Cash flow per shareRs -34.15
Free cash flow per shareRs -44.03
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.50
Dividends
Dividend payout, 3-year average7.22%
Dividend payout, 5-year average7.22%
Efficiency
Asset turnover1.92x
Fixed asset turnover21.37x
Inventory turnover2.79x
Inventory days131 days
Debtor days46 days
Debtors turnover7.94x
Creditor days25 days
Cash conversion cycle155 days
Working capital days36 days
Leverage
Total debtRs 232 Cr
Cash and bankRs 0 Cr
Net debtRs 231 Cr
Debt to equity2.47x
Net debt / EBITDA3.76x
Interest coverage2.66x
Owners' fund to total sources24.89%
Debt to assets61.54%
Cash flow
Cash from Operating Activity (latest year)Rs -36 Cr
Cash from Investing Activity (latest year)Rs -14 Cr
Cash from Financing Activity (latest year)Rs 50 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -46 Cr
FCFE (approx.: FCF + change in debt)Rs 27 Cr
Cash from ops / profit, 5 years-1.48x
Statement figures
Net sales (TTM)Rs 724 Cr
Net sales (latest year)Rs 724 Cr
Operating profit excl. other income (latest year)Rs 61 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 62 Cr
PBDT (TTM)Rs 40 Cr
Profit before tax (TTM)Rs 37 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs 27 Cr
Net profit (latest year)Rs 27 Cr
Depreciation (TTM)Rs 3 Cr
Interest (TTM)Rs 22 Cr
Cost of goods sold (latest year)Rs 637 Cr
Total expenditure (latest year)Rs 663 Cr
Total income (latest year)Rs 724 Cr
Share capitalRs 10 Cr
ReservesRs 83 Cr
Shareholders' fundsRs 94 Cr
Total assetsRs 376 Cr
Net blockRs 34 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 2 Cr
ReceivablesRs 91 Cr
InventoryRs 229 Cr
Other liabilitiesRs 51 Cr
Shares outstanding (crore)1.04
Ownership
Promoter holding74.13% (+0.73 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 28.3 is at the 13th percentile of its own 3.9-year range
(median 35.8, low 21.7, high 84.4).
P/B 8.18 is at the 45th percentile (median 8.61).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | BAHETI | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.3% | -2.8% | +0.5 pts |
| 1 month | -13.1% | -6.8% | -6.3 pts |
| 3 months | +0.7% | -7.6% | +8.3 pts |
| 6 months | +50.4% | +0.4% | +50.0 pts |
| 1 year | +31.6% | -9.9% | +41.5 pts |
| 2 years | +98.1% | -13.6% | +111.7 pts |
| 3 years | +397.9% | +14.2% | +383.7 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -133% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 17% of total assets in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹410 Cr +83.9% vs Mar 2024.
Net profit ₹18 Cr +350.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Precision Wires India Ltd | 9,143 | 52.4 | 32.9 % |
| CMR Green Technologies Ltd | 4,992 | 21.0 | 14.1 % |
| Vidya Wires Ltd | 1,989 | 31.7 | 20.6 % |
| Belding India Ltd | 1,447 | 0.53 % | |
| Sunlite Recycling Industries Ltd | 863 | 21.5 | 46.5 % |
| JTL Defence Ltd | 752 | 1,342 | 0.68 % |
| Shera Energy Ltd | 477 | 14.0 | 19.5 % |
| Parmeshwar Metal Ltd | 475 | 14.7 | 43.4 % |
| ANB Metal Cast Ltd | 411 | 19.1 | 29.6 % |
| Euro Panel Products Ltd | 368 | 13.9 | 16.7 % |
| Cubex Tubings Ltd | 252 | 33.4 | 11.5 % |
| Century Extrusions Ltd | 199 | 15.5 | 19.3 % |
| Baroda Extrusion Ltd | 187 | 20.6 | 56.2 % |
| M Tek Copper Ltd | 156 | 34.6 | 12.6 % |
| Sharvaya Metals Ltd | 146 | 12.5 | 28.7 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Baheti Recycling Industries Ltd?
Baheti Recycling Industries Ltd (BAHETI) has a market capitalisation of Rs 799 Cr. at the 2026-10-01 close.
What is the P/E ratio of Baheti Recycling Industries Ltd?
Baheti Recycling Industries Ltd trades at a P/E of 29.6 on trailing twelve-month profit, at the 2026-10-01 close.
What were Baheti Recycling Industries Ltd's latest quarterly results?
In the Mar 2026 quarter, Baheti Recycling Industries Ltd sales was Rs 410 Cr (+83.9% vs Mar 2024) and net profit was Rs 18 Cr.
What is the 52-week high and low of Baheti Recycling Industries Ltd?
The 52-week high is Rs 881.00 and the 52-week low is Rs 478.00.