Baheti Recycling Industries Ltd
Incorporated in 1994, Baheti Recycling
Industries Ltd manufactures and trades
non-ferrous metal[1]
- Market Cap ₹ 193 Cr.
- Current Price ₹ 186
- High / Low ₹ 234 / 97.0
- Stock P/E 36.5
- Book Value ₹ 36.1
- Dividend Yield 0.00 %
- ROCE 14.7 %
- ROE 20.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 78.7% CAGR over last 5 years
Cons
- Stock is trading at 5.16 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Non Ferrous Metals Industry: Aluminium and Aluminium Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|
| 72 | 117 | 148 | 106 | 127 | 248 | 358 | |
| 70 | 115 | 144 | 102 | 123 | 240 | 345 | |
| Operating Profit | 2 | 3 | 4 | 4 | 4 | 7 | 13 |
| OPM % | 3% | 3% | 3% | 3% | 3% | 3% | 4% |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 2 | 2 | 3 | 3 | 3 | 3 | 6 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 1 | 0 | 1 | 4 | 7 |
| Tax % | 24% | 41% | 25% | 33% | 36% | 28% | 24% |
| 0 | 0 | 0 | 0 | 0 | 3 | 5 | |
| EPS in Rs | 0.75 | 0.77 | 1.25 | 0.56 | 1.28 | 6.42 | 5.09 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 50% |
| TTM: | 44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 79% |
| 3 Years: | 193% |
| TTM: | 80% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 62% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 17% |
| Last Year: | 21% |
Balance Sheet
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 5 | 10 | 10 |
| Reserves | 6 | 6 | 7 | 7 | 7 | 12 | 24 | 27 |
| 18 | 28 | 28 | 31 | 38 | 51 | 71 | 99 | |
| 1 | 4 | 6 | 3 | 14 | 14 | 21 | 23 | |
| Total Liabilities | 28 | 42 | 45 | 45 | 63 | 82 | 127 | 160 |
| 3 | 5 | 6 | 6 | 7 | 7 | 9 | 10 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 25 | 37 | 39 | 39 | 56 | 75 | 118 | 149 | |
| Total Assets | 28 | 42 | 45 | 45 | 63 | 82 | 127 | 160 |
Cash Flows
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|
| -0 | -1 | 3 | 5 | -1 | 3 | -9 | |
| -2 | 0 | -2 | -1 | -1 | 2 | -3 | |
| 2 | 1 | -2 | -4 | 3 | -4 | 12 | |
| Net Cash Flow | -0 | 0 | -0 | 0 | 0 | 0 | 1 |
Ratios
Figures in Rs. Crores
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 41 | 76 | 40 | 74 | 73 | 56 | 55 |
| Inventory Days | 64 | 34 | 55 | 60 | 78 | 51 | 62 |
| Days Payable | 2 | 11 | 11 | 8 | 32 | 18 | 20 |
| Cash Conversion Cycle | 103 | 99 | 83 | 126 | 118 | 90 | 97 |
| Working Capital Days | 112 | 104 | 82 | 123 | 119 | 89 | 98 |
| ROCE % | 8% | 9% | 8% | 9% | 13% | 15% |
Business Overview:[1]
BRIL is an aluminum recycling company
primarily engaged in processing aluminum
based metal scrap to manufacture aluminum
alloys in the form of ingots and aluminum de-
ox alloys in the form of cubes, ingots, shots
and notch bar.