Baroda Extrusion (BSE: BAROEXT) had a P/E of 15.3× on 6 Nov 2026, below the industry P/E of 23.1×, and the shares are 31% below their 52-week high. Sales grew 12% a year over 3 years, with ROCE of 39% and ROE of 45%. Debt is 0.20× equity. It is a small-cap company with a market cap of ₹187 Cr, ranked 5th of 8 Copper companies by market cap; the shares rose 23% over the past year.
- ₹9.80
- ₹9.89
- ₹9.35
- ₹9.78
- 1 L
Health check
- ReturnsIn line
+22.6% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/E 15.3 vs industry 23.1.
- GrowthSteady
Sales +11.9% a year over 3 years.
- ProfitabilityStrong
ROCE 38.7% vs peer median 17.8%.
- Balance sheetFair
Debt 0.20× equity, interest covered 17.6×, Piotroski 4 of 9.
- Red flags1 to check
31% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹187 Cr
- Small cap
- P/E
- 15.3
- Industry 23.1
- Price to book
- 6.04
- Peers 2.72
- Dividend yield
- 0.00%
- ROE
- 45.0%
- Peers 9.4%
- ROCE
- 38.7%
- Peers 17.8%
- Debt to equity
- 0.20
- Debt ₹6.12 Cr
- EPS (TTM)
- ₹0.63
- OPM (TTM)
- 7.1%
- Net margin 5.4%
- Sales growth
- +44.8%
- Latest quarter vs a year ago
- Profit growth
- +184.4%
- Latest quarter vs a year ago
- Price to sales
- 0.88
- EV/EBITDA 12.7
Strengths and risks
Strengths
- Return on equity of 45.0%.
- Return on capital employed of 38.7%.
- Quarterly profit up 184.4% on a year ago.
- Quarterly sales up 44.8% on a year ago.
- P/E of 15.3 against an industry P/E of 23.1.
Risks to check
- 31% below its 52-week high.
About Baroda Extrusion
Baroda Extrusion Limited engages in the manufacture and sale of extrusion products in India. It offers copper extruded products, including flats, bus bars, rods, tubes, coils, pipes, sections and profiles, billets/mother tubes, customized engineered components, and other products. The company also trades in ferrous and nonferrous metals. Its products are used in power and electrical equipment, refrigeration and air-conditioning, plumbing, HVAC, heat…
- Headquarters
- Vadodara
- Sector
- Basic Materials
- ISIN
- INE927K01023
- Website
- barodaextrusion.com
Price range
- Avg volume (3M)
- 2.2 L
- 1-year return
- plus 22.6%
- From 52-week high
- minus 30.9%
Peers · Copper
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HINDCOPPERHindustan Copper | 421.15 | minus 1.45% | 40,726 | 35.9 | 26.7 | 34.5% | 41.5% | 0.03 | 22.5% | plus 28.6% |
| JTLDEFENCEJTL Defence | 496.30 | minus 1.99% | 522 | – | 137.6 | 0.4% | 15.9% | 0.34 | −5.7% | plus 650.4% |
| CUBEXTUBCubex Tubings | 191.43 | plus 2.00% | 274 | 26.3 | 47.3 | 15.2% | 3.6% | 0.52 | 14.7% | plus 105.4% |
| BHAGYANGRBhagyanagar India | 73.14 | minus 4.99% | 245 | 3.7 | 4.7 | 33.4% | 4.8% | 1.01 | 8.8% | minus 44.6% |
| BAROEXTBaroda Extrusion | 9.62 | minus 1.64% | 187 | 15.3 | 20.9 | 38.7% | 7.1% | 0.20 | 11.9% | plus 22.6% |
| MCLM TEK COPPER | 51.73 | minus 1.39% | 140 | 31.4 | 16.7 | 20.3% | 4.5% | 0.83 | – | plus 8.0% |
| RAJMETRajnandini Metal | 2.93 | minus 0.34% | 81 | – | – | – | 1.4% | 0.24 | – | minus 32.9% |
| SAGARDEEPSagardeep Alloys | 25.92 | minus 2.78% | 44 | 19.9 | 23.2 | 11.8% | 2.5% | 0.38 | 11.2% | minus 7.2% |
| Median of 7 peers | – | −1.45% | 245 | 26.3 | 25.0 | 17.8% | 4.5% | 0.38 | 11.2% | 8.0% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 44.2 | 44.3 | 55.9 | 47.9 | 64 | |
| 42.6 | 41.3 | 52.6 | 44.3 | 58.9 | |
| 1.6 | 3 | 3.4 | 3.6 | 5.1 | |
| 3.7% | 6.7% | 6.0% | 7.6% | 7.9% | |
| 0.5 | 0 | 0.9 | 0 | 0 | |
| 0.2 | 0.1 | 0.1 | 0.1 | 0.3 | |
| 2 | 2.8 | 4.1 | 3.5 | 4.8 | |
| 36.8% | 25.2% | 25.2% | 24.6% | 25.5% | |
| 1.2 | 2.1 | 3.1 | 2.6 | 3.5 | |
| 0.08 | 0.13 | 0.18 | 0.14 | 0.18 |
Profit & loss
- Sales CAGR 3Y
- +11.9%
- ROE
- 45.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 130 | 127 | 159 | 183 | |
| – | minus 2.3% | +25.0% | +14.7% | |
| 134 | 129 | 135 | 173 | |
| −3.8 | −1.6 | 23.6 | 9.2 | |
| −2.9% | −1.2% | 14.9% | 5.1% | |
| 0.1 | 0.6 | 0.1 | 1.4 | |
| 0 | 0 | 0.1 | 0.6 | |
| 0.1 | 0.1 | 0.1 | 0.2 | |
| 0.4 | −0 | −1.6 | −0 | |
| −3.4 | −1.1 | 21.9 | 9.8 | |
| 0.5% | – | 10.0% | 25.2% | |
| −3.4 | −1.1 | 19.7 | 7.3 | |
| -0.23 | -0.07 | 1.32 | 0.38 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 14.9 | 14.9 | 14.9 | 19.4 | |
| −53.2 | −54.3 | −34.6 | 5.5 | |
| 53.1 | 59.5 | 26.4 | 5.6 | |
| 16.8 | 12.9 | 26.3 | 24.9 | |
| 31.6 | 32.9 | 33 | 55.4 | |
| 1.8 | 2 | 1.5 | 1.5 | |
| 0.1 | – | – | – | |
| 0.2 | 0.2 | 0.2 | 0.2 | |
| 2 | 1.5 | 0 | 0 | |
| 27.5 | 29.2 | 31.3 | 53.7 | |
| 31.6 | 32.9 | 33 | 55.4 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −2.3 | −5.1 | 17.4 | −17.1 | |
| −0.2 | −0.1 | −0.4 | −0.2 | |
| 2.9 | 6.3 | −18 | 17.2 | |
| 0.3 | 1.1 | −1 | −0.1 | |
| −0.3 | −0.4 | −0.5 | −0.2 | |
| −2.6 | −5.5 | 16.9 | −17.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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