Synopsis:
Siyaram Recycling secures a ₹1.40 crore domestic order from Saanvi Metal Craft for Brass Scrap Honey, with completion within one month.
This Micro-cap Recycling Stock, engaged in segregating brass scrap, manufacturing brass ingots, billets, and rods, and producing brass-based plumbing and sanitary components, jumped 4 percent after receiving an order from Saanvi Metal Craft for the supply of Brass Scrap Honey.
With a market capitalization of Rs. 241.86 crore, the shares of Siyaram Recycling Industries Limited were currently trading at Rs. 111 per equity share, rising nearly 3.88 percent from its previous day’s close price of Rs. 106.85.
What is the news?
Siyaram Recycling Industries Limited has received a new order worth Rs. 1.40 crore from Saanvi Metal Craft for the supply of Brass Scrap Honey. The order is a domestic one, to be completed within one month, and is on a fixed cost basis.
This order will support the company’s revenue growth, strengthen customer relationships, and highlight trust in its quality and services, creating scope for future business opportunities in the recycling sector.
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Company Overview
Siyaram Recycling Industries Limited was founded in 2007 and is a company specializing in the manufacturing and recycling of brass products. It operates primarily from its manufacturing facility in Jamnagar, Gujarat. The company focuses on producing brass plumbing and sanitary components, including brass inserts, ceramic cartridges, valves, and extension nipples, using brass scrap as the raw material.
The company imports brass scrap mainly from international markets such as the USA, UK, Europe, and the Middle East. It processes this scrap through in-house extrusion plants to create brass ingots, billets, and rods, emphasizing quality and sustainable production practices.
Siyaram Recycling Industries serves the industrial market in India and plays a significant role in brass recycling, contributing to environmental sustainability by reusing scrap metal in their manufacturing operations.
Recent quarter results
Coming into financial highlights, Siyaram Recycling Industries Limited’s revenue has increased from Rs. 198 crore in H2 FY24 to Rs. 266 crore in H2 FY25, which has grown by 34.34 percent. The net profit has also grown by 133.33 percent from Rs. 3 crore in H2 FY24 to Rs. 7 crore in H2 FY25.
Siyaram Recycling Industries Limited’s revenue and net profit have grown at a CAGR of 38.54 percent and 96.8 percent, respectively, over the last four years.
In terms of return ratios, the company’s ROCE and ROE stand at 16.6 percent and 14.3 percent, respectively. Siyaram Recycling Industries Limited has an earnings per share (EPS) of Rs. 6.69, and its debt-to-equity ratio is 0.60x.
Written By – Nikhil Naik
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