During Tuesday’s trading session, the shares of a key player in brass recycling and component manufacturing tumbled nearly 10 percent on BSE, despite reporting H2 FY25 results with a net profit growth of around 112 percent YoY.
With a market cap of Rs. 296.7 crores, at 02:55 p.m., the shares of Siyaram Recycling Industries Limited were trading in the red at Rs. 136.2, down by nearly 10 percent, compared to its previous closing price of Rs. 151.15. The stock has delivered positive returns of more than 69 percent in one year, but has fallen by nearly 1 percent in the last one month.
What’s the News
According to the latest regulatory filings on the BSE, Siyaram Recycling Industries Limited announced the financial results for H2 FY25 on Tuesday during market hours.
For H2 FY25, Siyaram Recycling reported a revenue from operations of Rs. 266 crores, reflecting a marginal growth of around 8 percent HoH from Rs. 245.7 crores in H1 FY25, and a year-on-year rise of about 34 percent from Rs. 198 crores in H2 FY24.
The net profit stood at Rs. 7 crores in H2 FY25, marking a nearly 9 percent HoH decline from Rs. 7.7 crores reported in H1 FY25, but an increase of around 112 percent YoY from Rs. 3.3 crores in H2 FY24.
Shareholding Pattern
As per the March 2025 shareholding pattern, the Promoters hold a 61.17 percent stake in the company, while Retail Investors and Domestic Institutional Investors (DII) hold a 37.08 percent and 1.76 percent stake in Siyaram Recycling, respectively. The ace investor Mukul Mahavir Agrawal holds a 10.1 percent stake in the company.
About the company
Siyaram Recycling Industries Limited is engaged in the business of segregation of brass scrap, manufacturing of brass ingots, billets and brass rods, as well as manufacturing of brass-based components (plumbing and sanitary parts), serving domestic as well as international markets.
The company has a strong geographical presence across 18 states and Union Territories in India, with Gujarat as its primary revenue contributor. Siyaram also has an expanding international market, exporting to China, Germany, Belgium, and Oman.
Written by Shivani Singh
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