What was Baheti Recycling Industries's revenue in Q4 FY26?

Baheti Recycling Industries reported revenue of ₹725 Cr in Q4 FY26, a +39.4% change year-over-year.

Did Baheti Recycling Industries management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Baheti Recycling Industries Q4 FY26 Research Workspace: Revenue ₹725 Cr (+39.4%)

Q: What guidance did Baheti Recycling Industries management give?

FY27 revenue target of ₹1,000 crore: Management expects to reach four-digit revenue in FY27 from existing operations, excluding wire rod contribution.

Revenue ₹725 Cr +39.4%

EBITDA —

PAT ₹27 Cr +50%

EBITDA Margin 8%

Duration 50 min

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2-Minute Summary

✦ AI-Generated from Full Transcript

Baheti Recycling reported a strong FY26 with revenue of ₹725 crore (up ~39% YoY) and PAT of ₹27 crore (up 50% YoY), driven by favorable industry dynamics, capacity expansion, and new OEM wins. The company is commissioning five new electric furnaces (total capacity 38,000 tonnes) and entering the higher-margin aluminum wire rod segment with a ₹25 crore capex targeting ₹500 crore revenue potential. Management guided for ₹1,000 crore revenue in FY27 (excluding wire rod) and EBITDA margins improving to ~10% by FY28. Key risks include negative operating cash flows due to high inventory, reliance on imported scrap (80%), and potential margin compression from a sharp fall in LME aluminum prices.

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Research workspace

Focused Modules

⚖Claim Ledger 75% answered

Did management answer the analysts?

12 analyst questions audited, 2 evaded or deflected.

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!Risks 4 risks

Risk Intelligence

Negative operating cash flows and high debt

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Quarter Snapshot

Total installed capacity 38,000 tonnes

+33% YoY

Capacity increased from ~28,500 tonnes with addition of five new electric furnaces.

Capacity utilization 60%

flat YoY

Utilization remained at 60% due to rapid capacity expansion; target full utilization by FY28.

Order book (ex-wire rod) ₹200 crore

new metric

Order book for FY27 stands at minimum ₹200 crore, excluding wire rod division.

OEM sales volume (March) 500 tonnes

new metric

Sold 250t to Bajaj Auto, 150t to TVS Motor, 100t to Royal Enfield in March; orders repeated in May.

Fast read

Guidance and risk preview

Top guidance FY27 revenue target of ₹1,000 crore

Management expects to reach four-digit revenue in FY27 from existing operations, excluding wire rod contribution.

Top risk Negative operating cash flows and high debt

Company has reported negative operating cash flows for four consecutive years, with debt increasing to fund operations due to high inventory levels.