Baheti Recycling Industries Limited — Investor Meet, 12-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Baheti Recycling has announced a board meeting to consider the financial results for the quarter and half-year.

Sales rose 22.1% in FY25, with EBITDA and PAT margins expanding by 337 bps and 221 bps, aided by furnace modernization and better yields. Capacity utilization was ~64%, expected to reach 75-80% by FY26-end. Management targets 15-20% annual growth, focusing on zinc alloys, auto hubs in South India, and exports to Europe. Cost efficiencies came from higher subcontracting. Inventory is elevated due to supply issues but should normalize. New furnace tech aims to cut costs and emissions. Working capital and debt rose with growth; plans are in place to optimize receivables. Repeat customers make up ~75% of revenues. The outlook is confident on operations but cautious on near-term working capital and inventory.