Baheti Recycling Industries Limited · NSE:BAHETI
Baheti Recycling Industries — H2 FY2025-26 Earnings Presentation
32 slides from Baheti Recycling Industries's earnings presentation, May 1, 2026
Slide 1: Submission of Revised Investor Presentation
Date: 01/05/2026 To, The Listing Department, The National Stock Exchange Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (E), MUMBAI – 400051 Dear Sir/Madam, Sub: Submission of Revised Investor Presentation Ref: NSE Symbol BAHETI; ISIN- INE029Q01017 In line with our letter dated April 29, 2026
Slide 2: Baheti Recycling Industries Limited Investor Presentation H2 and FY 2025-26
BAHETI RECYCLING INDUSTRIES LIMITED INVESTOR PRESENTATION H2 AND FY 2025-26
Slide 3: From the Promoter's Desk
FROM THE PROMOTER’S DESK FY26 has been a good year for us. We closed the year having surpassed our stated revenue guidance by 12%, with PAT growth coming in at over 15% against what we had guided for. As we step into Q1 FY27, our confirmed order book already stands at over ₹175 Crores, a reflection
Slide 4: Baheti Recycling: At a Glance
BAHETI RECYCLING: AT A GLANCE We are in the business of pioneering sustainable metal scrap and recycling solutions, backed by over seven decades of experience as we transform metal recycling in India and globally. 7+ Decades 10+ ROE/ROCE Rich Industry Experience Industrial Applications 36.09%/18.22%
Slide 5: Operating Highlights
OPERATING HIGHLIGHTS H2 and FY2025-26 We are investing ₹20-25 Cr to build We have received gross orders from out infrastructure for Aluminium ArcelorMittal Nippon Steel India Wire Rod production, targeting a worth ₹71 Crores. capacity of 12,500 MT capacity. We have raised ₹7.48 Crores Bajaj, TVS, an
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS FY2025-26 Particulars FY21 FY22 FY23 FY24 FY25 FY26 Capacity (MT) 12,000 12,000 16,800 29,160 29,160 38,000 Actual Production (MT): - Aluminium Alloy Ingots 4,931 5,925 8,472 10,494 11,576 15555.96 - Aluminium Deox 3,194 5,128 6,454 7,849 7,034 7141.99 Total Actual Production (M
Slide 7: Capacity Expansion
CAPACITY EXPANSION Aluminium Wire Rod Expansion Strategy TARGET INDUSTRIES Investment of ₹20-25 Cr to establish infrastructure for 12,500 MT capacity in Phase 1. At 12,500 MT capacity, minimum expected revenue ranges between ₹200-250 Cr. annually. Wire and Transmission Steel Capacity expansion from
Slide 8: Aluminium Supply Shock → Global Opportunity
ALUMINIUM SUPPLY SHOCK → GLOBAL OPPORTUNITY Primary Aluminium Supply Disruption, Scarcity & Strategic Shifts 7
Slide 9: About Baheti Recycling
ABOUT BAHETI RECYCLING 8
Slide 10: Introduction
INTRODUCTION Incorporated in 1994, we are 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 which takes shape of cubes, ingots, shots & notch bars. Our recycled products have en
Slide 11: Product Portfolio
PRODUCT PORTFOLIO Recycled Aluminium Solutions Launching 01. Aluminium Alloy Ingots 02. Aluminium Notch Bars 03. Aluminium Cubes 04. Aluminium Ingots 05. Aluminium Shots 06. Aluminium Wire Rods Superior corrosion Temperature-resistant Precision-engineered Dimensional precision High-temperature High-
Slide 12: Industrial Application
INDUSTRIAL APPLICATION The company has strategized and is well postioned to set up a Cables & capacity for Aluminium Wire Rods in FY27 Wires Pursuing aerospace sector certifications and regulatory approvals Aerospace Aerospace through ongoing compliance and due diligence processes Pistons Pistons Pi
Slide 13: Our Growth Story
OUR GROWTH STORY First time revenue crossing Baheti Recycling Industries Ltd was 500 crore. Entered into South founded by Late Shri Bansilal Ramkishan India Market. Modernization of Shah. The company used to trade Shifted from 5 small Mr. Yash Shah joined the The company got listed Plants. Added new
Slide 14: Manufacturing Facility
MANUFACTURING FACILITY Where Quality Takes Shape BAHETI’S MANUFACTURING 5 2.5 38,000MT 60.46% EXCELLENCE Acres of Acres of Production Capacity Total Land Idle Land Available Capacity Utilization 8 7 OUR EXISTING MACHINERY Furnaces of Electric Furnaces of 300KGs/each 700KGs/each 2 NEW pairs of Tiltin
Slide 15: Growth Drivers
GROWTH DRIVERS Premium Product Mix We are increasing production of high-margin specialty products that deliver stronger value to customers and meaningfully improve our utilisation and EBITDA/tonne. Production Capacity Expansion Policy and EPR Tailwinds We are replacing traditional furnaces with mode
Slide 16: The Baheti Advantage
THE BAHETI ADVANTAGE Scrap Processing- Manufacturing Excellence The company operates high-quality processing methods utilizing advanced technology to transform raw metal scrap into potent material that is ready to be smelted in 02 Baheti’s furnaces. This process ensures the production of premium alu
Slide 17: 8X Asset Turnover Model
8X ASSET TURNOVER MODEL Superior Capital Efficiency in Manufacturing ₹25 Cr. ₹200 Cr. 8X Machinery + Land Annual Revenue Asset Capex per pair of Tilting Rotary Furnace with Skelner Target from it Turnover (Cost per Furnace is ₹10Cr. out of total ₹25Cr.) Replacing traditional Pit Furnaces with modern
Slide 18: Way Forward: 2028
WAY FORWARD: 2028 Diversifying our Product Portfolio by addition of new products and verticals in 1 our Core portfolio. This expansion helps us capture new market opportunities while leveraging our existing capabilities and expertise. Scaling up Cash Flows by optimizing operational efficiencies and
Slide 19: Marquee Clientele
MARQUEE CLIENTELE ENERGY, POWER & ELECTRICALS ENGINEERING & MANUFACTURING STEEL & METAL CHEMICALS & DIVERSIFIED AUTOMOTIVE 18
Slide 20: Recycling Process
RECYCLING PROCESS Incoming Raw Material Visual Inspection Container Wise Reporting Pre-Heating Furnace Fluxing Weighment Segregation Melting Preparation Melting of Scrap Drossing Gate-In Inspection Report Filteration Spectro Analysis Degassing Addition of alloying Removing of FE Pouring Approval by
Slide 21: Carbon Footprint & EPR
CARBON FOOTPRINT & EPR Managing carbon footprints and Aluminium recycling already fulfilling EPR norms enhances sustainability credentials, attracts Why this emits ~95% less CO₂ than producing primary aluminium ESG-conscious investors, and opens access to green supply Matters making it central to th
Slide 22: High Entry Barrier
HIGH ENTRY BARRIER Clientele Metal Scrap Legacy Financials Compliance Customer Scrap Sourcing Importance of Working Capital Regulatory Relationships Network Legacy, Brand Trust, Intensity and Compliance and Institutional Financial Strain Knowledge Decades-old OEM Globally trusted 7 Decades of High-v
Slide 23: Our Promoters
OUR PROMOTERS Completed Higher Secondary from H. B. Kapadia New High School, Ahmedabad. Have an experience of around 35 years in the metal industry. Mr. Shankerlal Shah He is on the board since inception and currently looks after the overall Chairman & Whole Time management and operation of the comp
Slide 24: Our Board of Directors
OUR BOARD OF DIRECTORS Mr. Manoj Shah Mr. Dheeraj Singhvi Chief Financial Officer Chief Transformation Officer Mr. Shankerlal Bahedia Mr. Devang Patel Chief Administrative Officer QC Head Ms. Ayushi Shah Mr. Atul Sharma Non - Executive Director General Manager: Strategic Sales & Brand Promotion 23
Slide 25: Industry Tailwinds
INDUSTRY TAILWINDS The India Aluminium Scrap Recycling Market is experiencing robust expansion, valued at $3.8 billion in 2024 and projected to reach $11.2 billion by 2034, growing at a CAGR of 10.9%. 10% 10% 10% The Automotive Sector is the most significant driver, accounting for 40% of secondary a
Slide 26: Certifications and Accreditations
CERTIFICATIONS AND ACCREDITATIONS ISO: 45001:2018 ISO: 14001:2015 DUNS Registered International Automotive Task Force IS 617:1994: One Star Export House ISO: 9001:2015 Certification granted in June 2025 25
Slide 27: Our Presence
OUR PRESENCE We currently serve over 25 cities in India and aim to expand our reach to additional cities with a focus on higher tick size. To boost our global presence, we plan to expand our international operations into European countries, including Hungary, Turkey, Germany, and the UK. 26
Slide 28: ESG Practices
ESG PRACTICES Recycling Recycling is the key component of modern waste reduction theory. At BRIL, aluminium scrap is used to produce fine aluminium products. Human Resources We have strong commitment to our employees and our peopleWe have strong commitment to our employees and our people Environment
Slide 29: Profit and Loss
PROFIT AND LOSS (₹ in Crores) H2FY26 H2FY25 YoY % FY26 FY25 YoY % Revenue from Operations 409.72 267.12 53.38% 724.85 524.3 38.25% Cost of materials consumed 317.56 224.78 - 549.55 416.98 Employee Expenses 5.67 2.16 - 5.5174 5.5174 Other Expenses 6.51 3.35 - 12.19 5.52 EBITDA 39.74 24.17 64.42% 60.9
Slide 30: Balance Sheet
BALANCE SHEET (₹ in Crores) Particulars March 2026 March 2025 March 2024 Equity Capital 10 10 10 Reserves 80.38 49 31 Borrowings 229 158 102 Other Liabilities 53 32 21 Total Liabilities 376 249 165 Fixed Assets 34 20 10 CWIP 6 2 8 Investments 2 - - Other Assets 335 227 147 Total Assets 376 249 165 2
Slide 31: Disclaimer
DISCLAIMER This presentation and the accompanying slides (the “Presentation”), which have been prepared by Baheti Recycling Industries Limited (The “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, an
Slide 32: Get in touch
Get in touch ir@bahetiindustries.com AYUSH DIVECHA G12-14, 7th Floor- Commerce Centre, Mumbai- 400034 Email : ir@merlincapital.co.in Contact : +91 81048 55515
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