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Siyaram Recycling Industries L

Capital Goods › Industrial Products
₹34.45
at close · 27 Oct 2026
▲ 1.45 (+4.39%)

Latest filings

Next results: Thu, 29 Oct · Financial Results
  1. Siyaram Recycling wins Rs 17.28 crore brass billets order · Business Updates
  2. Board Meeting on 29 Oct 2026 to Consider H1 FY26 Results · Results
  3. Siyaram Recycling bags Rs 40 million export order from Dubai · Business Updates
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Recycles brass scrap into products such as Brass Scrap Honey, Brass Scrap Turning, Brass Billets, and brass-CPVC fittings (male and female inserts, aqua thread toppers), supplying industrial buyers both in India and overseas. For the period ending 31 March 2024, the company reported segment revenue of Rs 364.6725 crore from domestic operations (88.0% share) and Rs 49.5021 crore from exports (12.0% share). FY26 total revenue stood at Rs 361.691 crore with net profit of Rs 3.792 crore and an EBITDA margin of 4.9851%. The cost structure is dominated by materials at 94.5% of revenue, with employee costs at 0.7%, other operating expenses at 3.5%, and depreciation at 0.4%. Customers are domestic metal traders (Metal Scrap India, Saanvi Metal Craft, Bhavya Impex, Micronova Industries, H K Impex) and industrial buyers (The Supreme Industries Limited for CPVC fittings), plus one disclosed export buyer (Green Metals FZCO). Orders disclosed in mid-2026 were typically on fixed-cost terms with execution windows of 5-15 days.

Revenue mix · reported segments
Domestic88.0%
Export12.0%
Operating scale
Order execution window
5-15 daysJuly 2026 filings
Largest disclosed domestic order
Rs 5,99,14,500 from The Supreme Industries Limited (CPVC fittings)June 2026
Largest disclosed export order
Rs 4,13,70,317 from Green Metals FZCO (Brass Billets)July 2026
Total assets
Rs 273.8888 croreFY26
Who pays it
Indian metal scrap traders (Metal Scrap India, Saanvi Metal Craft, Bhavya Impex, Micronova Industries, H K Impex, Jay Malbapa Metals, Dharma Metalex) and industrial buyers (The Supreme Industries Limited), plus export buyer Green Metals FZCO
Biggest cost
Raw materials (brass scrap) at 94.5% of revenue
Kind of business
Asset-light brass scrap recycling and brass-product trading with thin margins
Where it sits
BSE-listed small-cap in the industrial products sector focused on brass scrap and brass fittings
Market Cap
₹75 Cr
P / E (TTM)
3.8×
EV / EBITDA
—
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
11.2%·
ROCE (FY26)
ROE 2.9% · margin 5.0%
Leverage
0.88·
Debt / Equity · moderate
Net debt ₹114 Cr
Revenue FY24→FY26
0.9×▼
Margin −0.8 pts
₹413 Cr → ₹362 Cr
Cash conversion
-2.92×▼
Operating cash ÷ profit · 3 yrs
₹-76 Cr on ₹26 Cr
Moves on a normal day
2.01%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 30 Other Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#3/27
P/B#2/24
ROCE#26/31
ROE#19/24
Debt / Equity#20/24
EBITDA margin#20/23
Revenue growth#18/23
Profit growth#18/23

Scorecard

Measured from the filed financials, judged against its Other Industrial Products peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Returns on capital 11.2%
#26 of 31 in Other Industrial Products on the latest reported figures
Carries more debt than its peers — 0.88× equity
higher than 83% of its 24 Other Industrial Products peers
Over 3 years it reported ₹26 Cr of profit and an operating cash outflow of ₹76 Cr — -2.92×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 237 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from Siyaram Recycling Industries L's filed financials and exchange disclosures

What does Siyaram Recycling Industries L do?

Siyaram Recycling Industries L is a Industrial Products company listed on BSE.

Does Siyaram Recycling Industries L pay a dividend?

Not in the latest reported year — Siyaram Recycling Industries L's dividend payout for FY26 was nil.

Is Siyaram Recycling Industries L debt-free?

No. It reported borrowings of ₹114 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹114 Cr after cash. Debt stands at 0.88× equity. That is higher than 83% of its 24 Other Industrial Products peers.

Is Siyaram Recycling Industries L expensive compared with its peers?

On trailing P/E, Siyaram Recycling Industries L ranks 3 of 27 in Other Industrial Products — cheaper than 92% of them, against an industry median of 18.4×. This is a position, not a valuation judgement.

How much does the Siyaram Recycling Industries L share price move in a day?

On a typical session Siyaram Recycling Industries L moves 2.01% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are Siyaram Recycling Industries L's next results?

Financial Results on Thu, 29 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track Siyaram Recycling Industries L's announcements?

Every NSE and BSE filing by Siyaram Recycling Industries L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.