Baheti Recycling Industries Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: BAHETI | Aluminium & Aluminium Products | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Baheti Recycling Ind

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Baheti Recycling Industries stock performance -

mw4me loader
P/E Ratio (SA):
36.69
Market Cap:
193.9 Cr.
52-wk low:
0
52-wk high:
0

Is Baheti Recycling Industries Ltd an attractive stock to invest in?

1. Is Baheti Recycling Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Baheti Recycling Industries Ltd is a below average quality company.

2. Is Baheti Recycling Industries Ltd undervalued or overvalued?

The key valuation ratios of Baheti Recycling Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Baheti Recycling Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Baheti Recycling Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Baheti Recycling Ind:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Baheti Recycling Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.3%6.9%5.8%6.4%5.7%6.6%5.2%5.7%8.8%10.4%-
Value Creation
Index
-0.5-0.5-0.6-0.5-0.6-0.5-0.6-0.6-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 69.261.857.272117148106127248360360
Sales YoY Gr.--10.7%-7.5%25.8%63.2%25.7%-28.4%20.5%94.9%44.9%-
Adj EPS 0.60.30.40.40.50.70.10.63.54.85.1
YoY Gr.--46.4%26.7%15.8%4.6%60.9%-86.5%500%481.7%36.1%-
BVPS (₹) 14.114.414.815.215.716.516.517.32233.233.2
Adj Net
Profit
0.40.20.20.30.30.50.10.42.74.95
Cash Flow from Ops. 000-0.1-0.73.45.6-1.12.9-8.7-
Debt/CF from Ops. 000-337.7-40.98.35.6-33.417.7-8.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 20.1%25.1%50.4%44.9%
Adj EPS 26.8%59.5%262.2%36.1%
BVPS10%16.2%26.2%51.1%
Share Price - - - 83.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
42.12.62.934.60.63.619.319.315.4
Op. Profit
Mgn %
3.64.23.33.42.52.63.43.333.6NAN
Net Profit
Mgn %
0.50.30.40.40.30.30.10.31.11.41.5
Debt to
Equity
1.71.61.41.92.92.833.532.1-
Working Cap
Days
98122122100939313313595970
Cash Conv.
Cycle
8310210584767711310571750

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.40%

Sales growth is growing at healthy rate in last 3 years 50.42%

Net Profit is growing at healthy rate in last 3 years 262.16%

Debt to equity has declined versus last 3 years average to 2.06

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Baheti Recycling Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 5.1 -
TTM Sales (₹ Cr.) 360 -
BVPS (₹.) 33.2 -
Reserves (₹ Cr.) 24 -
P/BV 5.63 -
PE 36.69 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 194
Equity (₹ Cr.) 10.4
Face Value (₹) 10
Industry PE 20.9

Management X-Ray of Baheti Recycling Ind:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Baheti Recycling Ind

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales69625772117148106127248360
Operating Expenses 67595570115144102123241347
Manufacturing Costs11100033510
Material Costs6457536610712891110221318
Employee Cost 0001265689
Other Costs 21136935610
Operating Profit 23223444713
Operating Profit Margin (%) 3.5%4.1%3.3%3.4%2.5%2.6%3.4%3.3%3.0%3.6%
Other Income 0000000011
Interest 2222233346
Depreciation 0000001111
Exceptional Items 0000000000
Profit Before Tax 0000010147
Tax 0000000012
Profit After Tax 0000000035
PAT Margin (%) 0.5%0.3%0.4%0.4%0.2%0.3%0.2%0.4%1.2%1.5%
Adjusted EPS (₹)0.60.30.40.40.50.80.30.83.95.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 99910101010111734
Share Capital 44444444510
Reserves 556667771224
Minority Interest0000000000
Debt15141318282831385171
Long Term Debt21147327611
Short Term Debt13131213212529304560
Trade Payables2300342101118
Others Liabilities 1110122544
Total Liabilities 272723284245456382127

Fixed Assets

Gross Block677791011121316
Accumulated Depreciation3334445567
Net Fixed Assets3333566779
CWIP 0000000000
Investments 0000000000
Inventories109811101915233154
Trade Receivables1214118241621263854
Cash Equivalents 0000100001
Others Assets1115232759
Total Assets 272723284245456382127

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0000-136-13-9
PBT 0000010147
Adjustment 0002233434
Changes in Working Capital 000-2-3-02-5-4-19
Tax Paid 000000000-1
Cash Flow From Investing Activity 000-20-2-1-12-3
Capex 0000-2-2-1-2-1-3
Net Investments 0000000000
Others 000-1200020
Cash Flow From Financing Activity 00021-2-43-412
Net Proceeds from Shares 00000000112
Net Proceeds from Borrowing 000000-26-25
Interest Paid 000-2-2-3-3-3-3-5
Dividend Paid 0000000000
Others 0003310000
Net Cash Flow 0000000001
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.012.152.582.942.994.721.864.5221.2820.66
ROCE (%)9.939.917.739.058.379.287.98.6313.0414.71
Asset Turnover Ratio3.122.572.563.173.453.422.352.353.433.45
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A1-1.8
Working Capital Days
Receivable Days48676842495065674747
Inventory Days40494743323659554043
Payable Days51611161012191716

Baheti Recycling Industries Ltd Stock News

Baheti Recycling Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Baheti Recycling Ind on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Baheti Recycling Ind stood at ₹193.9.
The latest P/E ratio of Baheti Recycling Ind as of 01-Jan-1970 05:30 is 36.69.
The latest P/B ratio of Baheti Recycling Ind as of 01-Jan-1970 05:30 is 5.63.
The 52-week high of Baheti Recycling Ind is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Baheti Recycling Ind is ₹360.0 ( Cr.) .

About Baheti Recycling Industries Ltd

The company was originally incorporated as a public limited Company under the name of ‘Baheti Metal And Ferro Alloys Limited’ on December 28, 1994 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra & Nagar Haveli bearing registration number as 04-24001. Subsequently, the name of the company was changed from ‘Baheti Metal And Ferro Alloys Limited’ to ‘Baheti Recycling Industries Limited’ vide a fresh certificate of incorporation dated January 25, 2022, issued by the Registrar of Companies, Ahmedabad, Gujarat.

Incorporated in 1994, Baheti Recycling Industries 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 bar. The versatile properties of aluminium and its alloys, results in it being used in various industries, which include automobiles, construction, electrical transmission application, food packaging etc. Aluminium alloys are used in automobiles components due to its stiffness, corrosion resistance and excellent strength to weight ratio. The Aluminium de-ox alloys are used as deoxidizer in steel manufacturing units.

The company is a customer centric company, constantly striving to create value for its customers through products offered and committed deliveries. It primarily caters to the automotive parts and steel sector in India. Some of its esteemed customers includes ArcelorMittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, Sunflag Iron & Steel Co. Ltd. etc. Currently, it markets its products to around 12 states & Union Territories in India of which majority portion of the revenue comes from the state of Gujarat, Maharashtra, Orissa and Jharkhand. The company also sells its products to the foreign buyers located in Japan, Canada, USA, China, Hong Kong, UAE, Taiwan etc. The company exports these products at the preferred location of the buyer, which is either the consignee’s country or buyer’s country. The company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc. 

Business area of the company

The company is 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 bar. It is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc.

Major events and milestones

  • 1994: Incorporation of the company as ‘Baheti Metal and Ferro Alloys Limited’ under the Companies Act, 1956.
  • 1995-96: Commencement of manufacturing operations.
  • 2005-06: Crossed revenue of Rs 50 crore.
  • 2017-18: Crossed revenue of Rs 100 crore.
  • 2022: Change in the name of the Company from Baheti Metal and Ferro Alloys Limited to Baheti Recycling Industries Limited.
  • 2022: Amalgamation of ‘Yash Metals Private Limited’ with the Company.
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