BARODA EXTRUSION LTD.

Manufactures extruded metal products in the aluminium, copper and zinc space from a facility in Vadodara, Gujarat. FY26 revenue was Rs 182.51 cr, up 14.75% YoY, with Q4 FY26 revenue rising 26% QoQ to Rs 55.94 cr. End markets cited by management include EVs, renewables and data centres. The business is heavily materials-driven — raw metal inputs make up 94.5% of revenue — with employee costs at 0.9% of revenue and other opex at 2.6%, producing an FY26 EBITDA margin of 5.80%, up from 2.09% a year earlier. Management has stated current capacity utilisation at 80% and indicated a revenue target of about Rs 1,000 cr over the next 3–5 years. The balance sheet was reshaped during the year: total borrowings were cut by roughly 90% to Rs 5.58 cr, while Rs 37.40 cr was raised through a preferential issue of 4.53 cr equity shares at Rs 8.25 each, partly by converting a Rs 20 cr unsecured loan.