| Shares Migrated | 1.04 CrTotal Equity |
|---|---|
| Market Cap | ₹826.4 CrSmall Cap |
| Revenue TTM | ₹724.86 CrFY26 Annual |
| RSI | 61.22Neutral Zone |
Key highlights
- Migration of 1,04,46,905 equity shares with a face value of ₹10 each
- Trading on the NSE Main Board commences on November 6, 2026
- Company previously secured shareholder approval via postal ballot on July 28, 2026
- Annual net profit grew by 50.26% to ₹27.06 crore in the 2026 financial year
- Management guides for FY27 revenue to exceed ₹1,000 crore from existing facilities
Graduation to NSE Main Board
Baheti Recycling Industries Limited is set to transition its equity shares from the NSE SME Emerge platform to the Main Board of the National Stock Exchange under the symbol BAHETI. Following circular NSE/CML/77289 dated November 4, 2026, the Exchange has admitted 1,04,46,905 equity shares to dealings in the Capital Market Segment effective November 6, 2026. This migration represents a significant milestone for the aluminium products manufacturer, potentially enhancing liquidity and attracting a broader institutional investor base.
The transition aligns with the company's recent price performance, which saw a 36.11% gain over the past year to reach a market capitalization of ₹826.4 crore.
Financial Strength and Growth Drivers
The migration follows a year of operational scaling and strategic investments in infrastructure. In January 2026, Baheti Recycling secured a ₹32 crore contract from ArcelorMittal Nippon Steel India for the supply of aluminium deoxidants. To manage rising energy costs and improve sustainability, the company commissioned a 1.56 MW captive ground-mounted solar power plant in Mehsana, Gujarat, in August 2026.
For the financial year ended March 31, 2026, the firm reported an annual revenue of ₹724.86 crore and a net profit of ₹27.06 crore, reflecting a year-on-year profit increase of 50.26%. Management has previously guided for revenue to surpass ₹1,000 crore in FY27.
Market Positioning and Technical Context
- Company operates in the Metals and Mining sector focusing on Aluminium products
- Promoter holding remains stable at 74.13% as of the latest quarterly disclosure
- Stock trades at a P/E ratio of 30.54 compared to a sector average of 16.74
- Confirmed order book entered the first quarter of FY27 at over ₹175 crore
- Technical indicators show a Day RSI of 61.22 and a 21-day Rate of Change of 5.56%
| Date | Announcement | Amount |
|---|---|---|
| 02 Nov 2026 | Approved unaudited standalone financial results for the half year ended 30 September 2026Source: NSE filing | – |
| 03 Sep 2026 | Recommended change in statutory auditors and board appointments for the 32nd AGMSource: NSE filing | – |
| 03 Aug 2026 | Commissioned 1.56 MW captive ground-mounted solar power plant in Mehsana, GujaratSource: NSE filing | – |
| 28 Jul 2026 | Declared postal ballot results approving migration to NSE Main Board and direct listing on BSESource: NSE filing | – |
| 29 Apr 2026 | Approved audited standalone financial results for the half year and financial year ended 31 March 2026Source: NSE filing | – |
| 21 Jan 2026 | Received purchase order from ArcelorMittal Nippon Steel India for aluminium deoxidantsSource: NSE filing | ₹32.00 Cr |
What to watch next
- H1 FY27 Earnings conference call scheduled for November 4, 2026, at 4:00 PM IST
- Progress on the direct listing on the Bombay Stock Exchange as approved in July 2026
- Execution of the ₹175 crore order book through the remainder of the 2027 financial year
| Share price | ₹791.05 |
|---|---|
| Market capitalisation | ₹826.40 Cr |
| Revenue (annual) | ₹724.86 Cr |
| Net profit (annual) | ₹27.06 Cr |
| P/E (TTM) | 30.54×Sector 16.74× |
| Promoter holding | 74.13% |
| FII holding | 0.25%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Baheti Recycling Industries Limited announcing the migration of shares to the NSE Main Board. Market figures from a third-party data provider.
