Baroda Extrusion Ltd (BAROEXT)

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Baroda Extrusion Ltd (BAROEXT) · mywealthgrid

About

Baroda Extrusion manufactures aluminium, copper, and zinc products in the industrials sector at ₹46 Cr quarterly revenue scale with a ₹170.68 Cr market cap. The company operates in commodity industrial products with thin margins (2% average OPM) and serves downstream metal fabrication and construction sectors.

Face value: ₹1

Market cap

₹178 Cr

P/E

9.0×

P/B

7.2×

Dividend yield

ROE

29.4%

ROCE

73.1%

Debt / equity

0.22

OPM

EPS (TTM)

₹1.0

Book value

₹1.3

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Profitability collapsed to -₹1.38 Cr in Mar 2024 (OPM -5.4%); recent recovery to +₹18.65 Cr in Mar 2025 is unexplained and must be verified for one-time gains or accounting adjustments.
Operating margins structurally thin (8-quarter average ~1.0%, recent 2%); limited cushion against input cost shocks or pricing pressure from larger competitors.
Key profitability metrics unavailable (ROE n/a, D/E n/a): verify capital structure and whether negative equity or high leverage explains these gaps.
Zero institutional backing (0% FII/DII) and small equity base (~₹170 Cr) suggest low visibility and potential disadvantage against larger competitors in commodity-exposed segments.

Generated analysis · source review pending

Growth drivers

Revenue growth: ₹45.86 Cr (Mar 2025) vs ₹33.52 Cr (Mar 2024) represents 36.8% YoY expansion; sustaining this rate would build scale and operating leverage.
Margin recovery: OPM swung from -5.4% to +4.64% YoY; verify if improvement is structural (cost efficiency, product mix, pricing) or cyclical (demand upturn).
Operating leverage at thin base: even modest margin expansion to 8% OPM would multiply net profit from current ~2 Cr run-rate; verify capex plans and asset turn.
Aluminium, copper, zinc demand tied to construction and electrical infrastructure; verify if company is gaining market share in these segments or just riding sector tailwinds.

Generated analysis · source review pending

1,822 historical price candles were omitted because the exchange source has not been verified.

₹9.2-4.5%1Y

Quick read

rule-based

Pros

+Strong return on equity of 29.4% (3-yr avg)
+High return on capital employed of 32.1%
+Revenue CAGR of 28.4% over the last 5 years
+Comfortable interest coverage of 17.6×

Cons

−Thin operating margin of 5%

Research score

Structured signal from quality, growth, valuation and momentum.

71/100

Business quality: 77
Growth: 74
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	25	14	30	51	52	52	108	130	127	159	183
COGS	-27	-14	-30	-50	-49	50	103	128	123	150	167
Gross profit	—	—	—	—	—	3	5	2	4	9	16
	56	30	62	103	122	3	4	6	6	6	6
	-4	-2	-2	-2	-21	-0	2	-4	-2	3	9
OPM %	-15.3%	-16.8%	-7.2%	-3.4%	-39.8%	-0.1%	1.4%	-2.9%	-1.2%	2%	5%
Depreciation	—	—	—	—	—	0	0	0	0	0	0
Interest	—	—	—	0	0	0	0	0	0	0	1
	—	—	—	0	—	0	0	0	1	19	1
Profit before tax	-3	-2	-1	-2	-21	-0	1	-3	-1	22	10
Tax	—	—	—	—	—	0	0	-0	0	2	2
Tax %	—	—	—	—	—	0%	1.4%	-0.6%	0%	10%	25.3%
	-3	-2	-1	-2	-16	-0	1	-3	-1	20	7
PAT margin %	-13.8%	-15%	-4%	-3.2%	-29.9%	-0.2%	1.3%	-2.6%	-0.9%	12.4%	4%
EPS (₹)	—	—	-0.2	-0	-1	-0	—	—	-0.1	1.3	0.4
EPS adjusted (₹)	—	—	—	-0.1	-1	-0	0.1	-0.2	-0.1	1.3	0.4
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	15	15	15	15	15	15	15	19
Reserves	-36	-51	-51	-50	-53	-54	-35	6
Minority interest	—	—	0	—	—	0	0	—
	47	50	50	50	53	59	26	6
	9	10	10	16	17	13	26	25
Total equity & liabilities	35	24	23	31	32	33	33	55
	—	2	2	2	2	2	2	2
CWIP	—	0	0	0	0	0	0	0
Investments	—	—	0	0	0	0	0	1
	35	23	22	30	30	31	31	53
Total assets	35	24	23	31	32	33	33	55

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	4.9%	4.7%	1.7%	3.3%	5.6%	8.6%
EBITDA margin %	-3.4%	-39.8%	-0.1%	1.4%	-2.9%	-1.2%	2%	5%
EBIT margin %	-3.3%	-39.8%	-0.3%	1.3%	-3%	-1.3%	1.9%	4.9%
PAT margin %	-3.2%	-29.9%	-0.2%	1.3%	-2.6%	-0.9%	12.4%	4%
Working capital
Receivable days	52	63	63	41	37	37	32	49
Inventory days	12	8	27	28	24	24	30	56
Payable days	1	—	67	55	47	35	59	46
NWC days	63	—	23	14	15	26	3	59
Leverage
Current ratio	0.21	0.26	1.56	1.46	1.47	1.99	0.88	1.82
Debt to EBITDA	—	—	—	33.48	—	—	8.32	0.61
Debt to equity	-2.29	-1.39	-1.37	-1.44	-1.39	-1.51	-1.34	0.22
Interest coverage	-21.9	-115.2	-4	47.3	-170.5	-54	29	17.6
Asset turnover	1.45	2.16	2.25	3.47	4.12	3.86	4.82	3.29
Return ratios
Return on assets %	-4.7%	-64.5%	-0.4%	4.4%	-10.8%	-3.3%	59.7%	13.2%
Return on capital employed %	7.5%	57.5%	-0.6%	9.8%	-22.6%	-6.2%	29.4%	73.1%
Return on equity %	8%	43.1%	0.3%	-4%	8.9%	2.8%	-100.1%	29.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57%	56.95%	55.38%	55.38%	55.38%	55.38%	55.38%	55.38%	55.38%	54.94%	54.94%	54.94%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	43%	43.05%	44.62%	44.62%	44.62%	44.62%	44.62%	44.62%	44.62%	45.06%	45.06%	45.06%
No. of shareholders	—	—	—	—	—	—	—	—	24,276	26,959	29,496	28,862

Promoter holding down 2.06 percentage points since Sep 2023.

13 deals · 17 Aug 2022 – 4 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Jan 2024	ANIL KUMAR AMRITLAL SINGHI	Bulk	BSE	Sell	12,00,000	₹3.43	₹0.41 Cr
19 Aug 2022	KAILASHCHANDRA BHAWARLAL TOTLA	Bulk	BSE	Sell	29,18,097	₹3.98	₹1.16 Cr
19 Aug 2022	PANKAJBHAI GOVINDBHAI SHAH	Bulk	BSE	Sell	8,69,671	₹3.72	₹0.32 Cr
19 Aug 2022	SURESH ANAND	Bulk	BSE	Buy	8,00,000	₹3.96	₹0.32 Cr
19 Aug 2022	CHETAN RASIKLAL SHAH	Bulk	BSE	Sell	7,75,799	₹3.80	₹0.29 Cr
19 Aug 2022	CHETAN RASIKLAL SHAH	Bulk	BSE	Buy	6,75,799	₹3.80	₹0.26 Cr
19 Aug 2022	KAILASHCHANDRA BHAWARLAL TOTLA	Bulk	BSE	Buy	19,000	₹4.68	₹0.01 Cr
18 Aug 2022	KAILASHCHANDRA BHAWARLAL TOTLA	Bulk	BSE	Buy	23,71,952	₹4.16	₹0.99 Cr
18 Aug 2022	KAILASHCHANDRA BHAWARLAL TOTLA	Bulk	BSE	Sell	15,29,654	₹4.42	₹0.68 Cr
17 Aug 2022	KAILASHCHANDRA BHAWARLAL TOTLA	Bulk	BSE	Sell	21,62,345	₹3.97	₹0.86 Cr

1–10 of 13

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. ALPESH KANUGOExecutive Director-Chairperson-MD
Mr. RIKESH SHAHNon-Executive - Independent Director
Mr. YADUNANDAN PATELNon-Executive - Independent Director
Ms. SURYASNATA MISHRANon-Executive - Independent Director
Ms. Vaishali JoshiCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Baroda Extrusion Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results12 Aug 2026

1

Face value ₹10 → ₹131 Oct 2012 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

11 announcementsExport CSV

1 Oct 2026, 3:02 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

28 Sept 2026, 2:02 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

2 Sept 2026, 9:36 amOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

1 Sept 2026, 5:09 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

1 Sept 2026, 12:14 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

31 Aug 2026, 1:32 pmAGM/EGM

Intimation Of E Voting Of AGM 2026

AGM PDF

31 Aug 2026, 1:27 pmCorp. Action

Register Of Members And Share Transfer Books Of The Company Shall Remain Closed From Friday, 18Th September, 2026 To Thursday, 24Th September, 2026 (Both Days Inclusive) For The Purpose Of The AGM

Book Closure PDF

18 Aug 2026, 4:10 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

Date	Category	Subject	Filing
1 Oct 2026, 3:02 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
28 Sept 2026, 2:02 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	4.9%	4.7%	1.7%	3.3%	5.6%	8.6%
EBITDA margin %	-3.4%	-39.8%	-0.1%	1.4%	-2.9%	-1.2%	2%	5%
EBIT margin %	-3.3%	-39.8%	-0.3%	1.3%	-3%	-1.3%	1.9%	4.9%
PAT margin %	-3.2%	-29.9%	-0.2%	1.3%	-2.6%	-0.9%	12.4%	4%
Working capital
Receivable days	52	63	63	41	37	37	32	49
Inventory days	12	8	27	28	24	24	30	56
Payable days	1	—	67	55	47	35	59	46
NWC days	63	—	23	14	15	26	3	59
Leverage
Current ratio	0.21	0.26	1.56	1.46	1.47	1.99	0.88	1.82
Debt to EBITDA	—	—	—	33.48	—	—	8.32	0.61
Debt to equity	-2.29	-1.39	-1.37	-1.44	-1.39	-1.51	-1.34	0.22
Interest coverage	-21.9	-115.2	-4	47.3	-170.5	-54	29	17.6
Asset turnover	1.45	2.16	2.25	3.47	4.12	3.86	4.82	3.29
Return ratios
Return on assets %	-4.7%	-64.5%	-0.4%	4.4%	-10.8%	-3.3%	59.7%	13.2%
Return on capital employed %	7.5%	57.5%	-0.6%	9.8%	-22.6%	-6.2%	29.4%	73.1%
Return on equity %	8%	43.1%	0.3%	-4%	8.9%	2.8%	-100.1%	29.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Precision Wires India LimitedPRECWIREPRECWIRE	₹9,166 Cr	₹9,328 Cr	₹6,077 Cr	₹285 Cr	4.7%	₹175 Cr	2.9%	35.6%	23%	15
Ksh International LimitedKSHINTLKSHINTL	₹6,971 Cr	₹7,287 Cr	₹3,712 Cr	₹226 Cr	6.2%	₹130 Cr	3.5%	22.7%	13.6%	79
Cmr Green Technologies LimitedCMRGREENCMRGREEN	₹4,894 Cr	₹6,291 Cr	₹8,640 Cr	₹453 Cr	5.3%	₹212 Cr	2.6%	20.1%	13.9%	87
Vidya Wires LimitedVIDYAWIRESVIDYAWIRES	₹1,935 Cr	₹2,020 Cr	₹1,840 Cr	₹86 Cr	4.7%	₹58 Cr	3.1%	18.2%	12%	64
Belding India LtdBELDINGBELDING	₹1,302 Cr	₹1,312 Cr	₹0 Cr	₹-1 Cr	—	₹-4 Cr	—	0.5%	-0.7%	21,030
Parmeshwar Metal LtdPARMESHWARPARMESHWAR	₹467 Cr	—	₹1,973 Cr	₹43 Cr	2.2%	₹32 Cr	1.7%	—	—	—
Euro Panel Products LimitedEUROBONDEUROBOND	₹363 Cr	₹518 Cr	₹518 Cr	₹56 Cr	10.9%	₹26 Cr	5.3%	25.6%	16.6%	197
Cubex Tubings LimitedCUBEXTUBCUBEXTUB	₹238 Cr	₹281 Cr	₹303 Cr	₹6 Cr	2.3%	₹8 Cr	2.6%	15.8%	9.4%	87
Baroda Extrusion LtdBAROEXTBAROEXT	₹178 Cr	₹184 Cr	₹159 Cr	₹3 Cr	5%	₹20 Cr	4%	73.1%	29.4%	59
Century Extrusions LimitedCENTEXTCENTEXT	₹145 Cr	₹208 Cr	₹513 Cr	₹35 Cr	6.6%	₹12 Cr	2.3%	30.1%	13.2%	68
Sharvaya Metals LtdSHARVAYASHARVAYA	₹143 Cr	—	₹230 Cr	₹18 Cr	8%	₹12 Cr	5.1%	—	—	—
Shilp Gravures LtdSHILGRAVQSHILGRAVQ	₹85 Cr	₹88 Cr	₹87 Cr	₹12 Cr	13.3%	₹11 Cr	13.1%	15.7%	12.4%	71

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	-0	-2	-5	17	-17
	-0	-0	-0	-0	-0	-0
	-0	1	3	6	-18	17
Net cash flow	-0	0	0	1	-1	-0
Free cash flow	0	-0	-3	-5	17	-17
CFO / Operating profit %	—	-13.3%	—	—	548.9%	-185.5%

Baroda Extrusion Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

1

Announcements

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Baroda Extrusion Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Stock splits1

Announcements

Board meetings1

Stock splits1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1