Financial Result for Year ending 31st March, 2025
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Siyaram Recycling Industries reported audited FY25 results with revenue from operations of ₹511.56 crore, up 23.9% from ₹412.99 crore in FY24. Profit after tax nearly doubled to ₹14.57 crore from ₹7.52 crore, a jump of 93.7%, while EPS rose to ₹6.69 from ₹4.00. The company makes brass-based plumbing and sanitary components and operates in a single domestic/export geographical segment. The statutory auditor (Kamlesh Rathod & Associates) issued an unmodified opinion on the results. During the year the company raised ₹35.30 crore via a preferential equity allotment, fully utilized for working capital and general corporate purposes.
Strong topline and bottomline growth, expanding margins, and a clean audit opinion are positives for shareholders. However, sharply negative operating cash flow of ₹(43.21) crore (vs ₹(4.21) crore last year) on the back of rising inventories and receivables, along with a notable increase in short-term borrowings, signals working capital stress that investors should track closely.