Baheti Recycling Industries Ltd – Company Report
1. Company Overview
Baheti Recycling Industries Ltd, established in December 1994 and headquartered in Ahmedabad, Gujarat, is a leading Indian aluminium recycling company. The company specializes in processing aluminium scrap to manufacture (i) aluminium alloys in the form of ingots and (ii) aluminium de-ox alloys available as cubes, ingots, shots, and notch bars. Its products are used extensively in multiple sectors, including automotive, construction, steel manufacturing (as a deoxidizer), food packaging, and electrical applications. Baheti is recognized for its cost-effective scrap sourcing, focus on sustainability, and commitment to industry-leading quality and environmental standards.
- Incorporated: December 1994
- Headquarters: Ahmedabad, Gujarat, India
- Legal Status: Public Limited Company, NSE-listed
- Core Focus: Aluminium alloy ingots, aluminium de-ox alloys
- Manufacturing: State-of-the-art recycling and processing facilities in Gujarat
- Sustainability: Emphasis on energy efficiency, green processes, and circular economy adoption
- Market Cap (July 2025): ~₹598 crore
- Promoter Holding: Increased to 74.51%, reflecting strong confidence and zero pledge
2. Products and Services
Baheti Recycling Industries Ltd produces a wide array of aluminium products tailored for diverse industry requirements:
Aluminium Alloy Ingots:
Manufactured from recycled scrap, these are used for automotive components owing to their strength, corrosion resistance, and lightweight properties.Aluminium De-Ox Alloys:
Supplied in cubes, ingots, shots, and notch-bar forms, primarily utilized as a deoxidizer in the steel industry.Custom Aluminium Grades:
Products are tailored as per customer needs, meeting stringent composition and quality specifications for specialised applications.Sustainability & Environmental Solutions:
The company is expanding into solar energy (1.2MW solar plant project) and continually invests in energy-saving technologies to reduce its carbon footprint.
3. Recent News & Financial Performance
Recent Developments
- May 13, 2025: Secured a ₹121 crore order from Minda Corporation Limited marks one of the company’s most significant commercial wins to date, reinforcing its position as a preferred aluminium supplier for automotive OEMs.
- July 29, 2025: ₹3.51 crore capex announced for a 1.2MW solar plant, expected to reduce energy costs by 60% by Q1FY27.
- September 22, 2025: Baheti Recycling Industries has received an order from ArcelorMittal Nippon Steel India Private Limited to supply 1,720 Metric Tonnes of Aluminium Deoxidants. The estimated gross value of this supply is approximately Rs. 50 crore, scheduled between September 25 and December 25.
- Promoter holding increased to 74.51% with zero pledge, reflecting strong promoter confidence.
- Completed IPO in FY2022–23, raising ₹12.42 crore for capacity expansion and working capital.
- Additional investments made in furnace capex, IATF certification, and regulatory approvals in 2025 to scale operations and maintain ESG standards.
4. Financial Performance
| Metric | FY2025 | FY2024 |
|---|---|---|
| Revenue from Operations | ₹524.31 Cr | ₹429.34 Cr |
| Profit After Tax | ₹18.01 Cr | ₹7.2 Cr |
| Operating Profit | ₹41 Cr | ₹20 Cr |
| EPS | ₹17.37 | ₹6.94 |
| ROE | 35.8% | — |
| Operating Profit Margin | 8% | 5% |