Synopsis: Siyaram Recycling Industries Limited has secured four domestic orders worth a cumulative Rs. 3.15 crorefor the supply of brass scrap and brass scrap honey from multiple customers. The short execution timeline is expected to support near-term revenue visibility and strengthen the company’s order pipeline.
Shares of Siyaram Recycling Industries Limited are likely to remain in focus after the company announced that it has secured multiple domestic orders aggregating Rs. 3.15 crore for the supply of brass scrap and brass scrap honey from various customers.
Siyaram Recycling Industries Limited has a total market capitalization of approximately Rs. 90.14 crore. The company’s shares were trading at Rs. 41.37 apiece on the stock exchange, down by 4.98 percent. The stock has gained 2.15 percent over the last five trading sessions, while it has gained 21.32 percent over the last month. The stock touched a 52-week high of Rs. 153 and a 52-week low of Rs. 32.
According to the company’s exchange filings, the largest order worth Rs. 1.33 crore was received from Saanvi Metal Craft for the supply of brass scrap honey. The company also secured an order worth Rs. 98.41 lakh from Micronova Industries for brass scrap honey, along with additional orders worth Rs. 46.20 lakh from Metal Scrap India and Rs. 36.96 lakh from Jay Malbapa Metals for the supply of brass scrap. Collectively, the four domestic orders are valued at approximately Rs. 3.15 crore.
The orders are scheduled for execution within 7 to 15 days, indicating a quick turnaround cycle that could contribute to the company’s near-term revenues. Siyaram Recycling clarified that all contracts have been awarded by domestic entities and that none of the transactions involve promoter interest or related-party transactions.
The latest order wins reinforce Siyaram Recycling’s presence in the brass recycling and non-ferrous metal components segment. Recycled brass is widely used in the manufacturing of plumbing fittings, sanitary components, electrical accessories, valves, automotive parts, and engineering products due to its durability, corrosion resistance, and cost efficiency. Growing preference for recycled metals is also being driven by sustainability initiatives and increasing emphasis on circular economy practices.
India’s non-ferrous metal recycling industry continues to benefit from rising demand from the construction, infrastructure, electrical, and automotive sectors. As manufacturers increasingly adopt recycled raw materials to reduce production costs and improve environmental performance, companies engaged in brass recycling are expected to witness steady business opportunities.
For investors, the cumulative Rs. 3.15 crore order inflow enhances Siyaram Recycling’s short-term revenue visibility while demonstrating continued customer demand across its core product portfolio. Consistent order wins and timely execution could support capacity utilization and strengthen the company’s position in the domestic brass recycling market.
Incorporated in 2007, Siyaram Recycling Industries Limited is engaged in the manufacturing of brass plumbing and sanitary components. The company specializes in recycling brass scrap into value-added products catering to plumbing, sanitaryware, engineering, and industrial applications.
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