- POSITIVE
Annual Revenue Baheti Recycling Mar-2026 Annual Revenue is Rs 725 Cr which is growth of 38.3% YoY.
- POSITIVE
Annual Net Profit Baheti Recycling Mar-2026 Annual Net Profit is Rs 27 Cr which is growth of 50.3% YoY.
Baheti Recycling Industries was incorporated on December 28, 1994, as Baheti Metal And Ferro Alloys Limited. It is an aluminium recycling company, primarily engaged in processing aluminium-based metal scrap to manufacture aluminium alloys in the form of ingots, and aluminium de-ox alloys in the form of cubes, ingots, shots and notch bars.
| Bidding Dates |
|---|
| 28 Nov 2022 - 30 Nov 2022 |
| Subscription |
|---|
| 347.53x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹135,000 | 1 | 1 | 3000 | 2.8 M | ₹45 | 73.38 % | ₹124.2 M | RHP DOC |
Baheti Recycling IPO SUBSCRIPTION STATUS
30 Nov '22Total347.53x
Retail Individual Investor435.65x
HNI (NII) Investors259.21x
Qualified Institutional Buyers-
Baheti Recycling IPO overall subscription rate was 347.53 times the total available shares
Baheti Recycling IPO retail subscription rate was 435.65 times in the retail segment
Baheti Recycling IPO non-institutional investor subscription rate was 259.21 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
30 Nov 2022 (Day 3) | 435.65x | 259.21x | - |
29 Nov 2022 (Day 2) | 102.1x | 19.15x | - |
28 Nov 2022 (Day 1) | 17.39x | 3.5x | - |
Baheti Recycling FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 2MFY23 | 5.7 | 574.1 | 8.5 | 8.3 |
| FY22 | 29.2 | 2,484.0 | 30.0 | 23.5 |
| FY21 | 4.8 | 1,274.8 | -11.3 | -15.6 |
| FY20 | 1.9 | 1,057.6 | 55.6 | 44.4 |
Baheti Recycling IPO SUBSCRIPTION STATUS DETAILS
Baheti Recycling had 2.8 M shares on offer
Baheti Recycling IPO offer price was ₹45
Baheti Recycling IPO minimum Investment was ₹135000
Baheti Recycling IPO issue size was ₹ 124.2 M
Baheti Recycling had a minimum lot size of 3000 Shares per application
Baheti Recycling NUMBER OF SHARES ON OFFER
Total2.8 M
Fresh Issue2.8 M
Offer for Sale0
Post Issue Promoter Holding %73.38 %
Baheti Recycling IPO IMPORTANT DATES
| Issue Open Date | 28 Nov 2022 |
| Issue close Date | 30 Nov 2022 |
| Allotment Date | 05 Dec 2022 |
| Refund Date | 06 Dec 2022 |
| Demat Account Credit Date | 07 Dec 2022 |
| Listing Date | 08 Dec 2022 |
| Listing on Exchange(s) | NSE |
| Baheti Recycling Allotment Status | Exchange |
Baheti Recycling IPO subscription opened on 28 Nov 2022, and closed on 30 Nov 2022
IPO allotment for Baheti Recycling was finalized on Monday, 05 Dec 2022
IPO listing for Baheti Recycling was on NSE on Thursday, 08 Dec 2022
Baheti Recycling IPO LISTING GAINS
| Issue Price (adjusted) | 45.0 |
| Listing Open Price | 120.0 |
| Listing Close Price | 114.0 |
| Listing Gain% | 166.7% |
| Current Gain% | 1742.2% |
Baheti Recycling Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Baheti Recycling Industries Ltd. | 829 | 859.5 | 32 | 0.7 | 1.2 | 28.9 | 7.2 | 725.4 | 38.3 | 27.1 | 50.3 | 25.9 | 49.1 |
| Hindalco Industries Ltd. | 924.4 | 207722.4 | 12.7 | -4 | 0.7 | 9.8 | 3.8 | 277833 | 15.2 | 13391 | -16.3 | 73 | -3.1 |
| Vedanta Aluminium Metal Ltd. | 371.6 | 145329.6 | 0 | -192.6 | 0 | 0 | -28.4 | ||||||
| Vedanta Ltd. | 258.1 | 100915.4 | 4.7 | 0.1 | 1 | 35 | 7.4 | 79987 | -48.9 | 17391 | 16 | 55.1 | 79.2 |
| National Aluminium Company Ltd. | 319.6 | 58707.9 | 8.2 | 0.5 | 2.9 | 26.8 | 21.8 | 18508.9 | 8 | 5797 | 10 | 39 | 17.1 |
| CMR Green Technologies Ltd. | 210.7 | 4615.9 | 20.9 | 0.5 | 13.9 | 5.5 | 8659.2 | 29.3 | 212.4 | 49.1 | 10.1 |
Annual
Balance Sheet
Ratios
Cash Flow
Baheti Recycling annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Reporting Type
Standalone
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 |
|---|---|---|---|---|---|---|---|---|---|
26.2% | 41.5% | 725.4 | 524.5 | 429.5 | 360.6 | 249.3 | 127.8 | ||
Operating Exp. Ann. | 24.1% | 40% | 663.9 | 483.7 | 409 | 347.1 | 241 | 123.3 | |
Operating Profit Ann. | 67.8% | 70.8% | 61 | 40.6 | 20.3 | 12.9 | 7.4 | 4.2 | |
OPM Ann. % | 33.1% | 20.8% | 8.41% | 7.75% | 4.73% | 3.57% | 2.98% | 3.27% | |
24.9% | 40.2% | 688.9 | 500.4 | 420.2 | 353.6 | 245.2 | 127.1 | ||
EBITDA Ann. | 65.8% | 68.7% | 61.5 | 40.9 | 20.4 | 13.5 | 8.3 | 4.5 | |
EBITDA Ann. margin % | 31.4% | 19.2% | 8.48% | 7.79% | 4.76% | 3.74% | 3.33% | 3.52% | |
Interest Ann. | 56.9% | 48% | 22 | 15.3 | 10.1 | 5.7 | 3.5 | 3.1 | |
Depr. | 55.4% | 33.8% | 3 | 1.5 | 1 | 0.8 | 0.8 | 0.7 | |
PBT Ann. | 73.4% | 120.5% | 36.5 | 24.1 | 9.3 | 7 | 4.1 | 0.7 | |
Tax Ann. | 77.5% | 116.4% | 9.5 | 6.1 | 2.1 | 1.7 | 1.1 | 0.2 | |
72.3% | 122.2% | 27.1 | 18 | 7.2 | 5.3 | 2.9 | 0.5 | ||
Net Profit Ann. | 72.3% | 122.2% | 27.1 | 18 | 7.2 | 5.3 | 2.9 | 0.5 | |
NPM Ann. % | 36.7% | 57.9% | 3.73% | 3.43% | 1.67% | 1.46% | 1.17% | 0.38% | |
EPS Adj. latest Ann. | 71.9% | 120.2% | 25.9 | 17.2 | 6.9 | 5.1 | 2.8 | 0.5 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
38.3%
2Y CAGR
30%
3Y CAGR
26.2%
5Y CAGR
41.5%
Total Revenue Annual growth is stable compared to historical averages.
Net Profit Ann.
1Y CHG
50.6%
2Y CAGR
94%
3Y CAGR
72.3%
5Y CAGR
122.2%
Net Profit Annual growth is lower than historical averages.
Operating Exp. Ann.
1Y CHG
37.3%
2Y CAGR
27.4%
3Y CAGR
24.1%
5Y CAGR
40%
Operating Expenses Annual Cr growth is stable compared to historical averages.
Baheti Recycling INFORMATION ON IPO ISSUE
About Baheti Recycling
Baheti Recycling Industries was incorporated on December 28, 1994, as Baheti Metal And Ferro Alloys Limited. It is an aluminium recycling company, primarily engaged in processing aluminium-based metal scrap to manufacture aluminium alloys in the form of ingots, and aluminium de-ox alloys in the form of cubes, ingots, shots and notch bars.
Object of the Issue
- Modernisation and expansion of existing manufacturing unit
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Baheti Recycling - PROMOTERS
| Name |
|---|
| Shankerlal Bansilal Shah |
| Balkishan Shankerlal Shah |
| Yash Shankerbhai Shah |
Baheti Recycling Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Baheti Recycling Registrar to the issue
Purva Sharegistry (India) Private Limited
support@purvashare.com
Baheti Recycling Strengths
In-house manufacturing facility
The company presently carries all manufacturing operations through its production facility located at Dehgam (Gandhinagar, Gujarat), which has an installed capacity of 12,000 MT for processing aluminium scrap
Strength
Stringent quality control mechanism
The company employs an extensive and stringent quality control mechanism at each stage of the manufacturing and recycling process. It is required to ensure that the finished product successfully passes all validations and quality checks
Strength
Diversified client base
The company serves a diversified client base ranging from steel manufacturers to automotive ancillaries units, electrical equipment units, cable and conductor manufacturing units and other units engaged in the manufacturing or distribution of aluminium products
Strength
Strong and diversified supplier base
The company has been procuring aluminium scrap from various global suppliers located in the USA, UK, Europe, West Asia and Australia, among others, as well as from certain domestic suppliers
Strength
Experienced promoters
Shankerlal Bansilal Shah, the Promoter Director, has been engaged in the metals industry for the past 35 years, which gives him an advantage of immense knowledge of the Industry, high contacts with clients and suppliers and better decision-making power
Strength
Baheti Recycling Risks
Dependent on few customers
A substantial portion of the revenues is dependent on a few customers, with whom the company does not have any firm commitments
Risk
Strict quality requirements
The company is subject to strict quality requirements and is consequently required to incur significant expenses to maintain the product quality
Risk
Dependent on steel and automotive parts industry
The business is significantly dependent on the steel and automotive parts industry and any downturn or cyclical fluctuation in both these sectors could reduce the demand for the products
Risk
Legal proceedings
The company, promoters and directors are parties to certain legal proceedings and any adverse decision in such proceedings may have a material adverse effect on the business, results of operations and financial condition
Risk
IPO FAQs
The promoters of the company are Shankerlal Bansilal Shah, Balkishan Shankerlal Shah and Yash Shankerbhai Shah.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 45.0 - 45.0.
The IPO application opens on Nov 28, 2022 and closes on Nov 30, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 135,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on Dec 05, 2022.
The refund will be credited to your account on Dec 06, 2022.
The allotted shares will be credited to your demat on Dec 07, 2022.
Baheti Recycling Industries Ltd.’s shares listed on the stock exchanges on Dec 08, 2022.