Siyaram Recycling Industries advanced 2.16% to ₹37.30 following the announcement of new orders worth ₹5.66 crore from different entities. According to recent market data, the stock has shown mixed performance with a 0.67% gain over the last week but remains 66.86% down year-over-year, underperforming the NIFTY50 index's 2.54% decline. The company received an order worth ₹3.19 crore from Sahjanand Metal Alloys for Brass Scrap Honey, with execution scheduled within 30 days. Additionally, the company secured another order worth ₹2.47 crore from Sahjanand Impex for a brass meter body, also to be completed within 30 days.
The company's latest financial data reveals mixed performance indicators despite consistent profitability. Revenue stands at ₹362 crore with profit of ₹3.79 crore, though the company maintains a low interest coverage ratio and does not pay dividends despite reporting repeated profits. Key operational metrics show debtor days increased from 39.1 to 55.1 days and working capital days rose from 93.9 to 136 days. The company's return on equity remains low at 8.88% over the last three years, while promoter holding has decreased by 7.72% over the last quarter. Recent trading data shows the stock trading at 0.60 times its book value with 46,500 shares compared to the one-week average.
The company clarified that both transactions do not constitute related-party transactions and that neither the promoters nor the promoter group companies have any interest in the work contracts. This ensures the transactions maintain proper corporate governance standards and avoid potential conflicts of interest that could impact the company's financial reporting and stakeholder confidence. The orders were disclosed on August 26th, 2026, in compliance with SEBI's Listing Obligation and Disclosure Requirements, with both being fixed-cost contracts with domestic entities.
The company has secured additional significant orders beyond the latest announcements. On August 10, 2026, Siyaram announced orders worth ₹1.08 crore from Metal Scrap India for Brass Scrap with a 7-day execution period and ₹2.64 crore from Dharma Metalex for Brass Scrap Honey with a 7-day execution period. All orders are fixed-cost contracts awarded by domestic entities without related party involvement.
The company announced significant leadership changes with the re-appointment of Bhavesh Ramgopal Maheshwari as Managing Director and Ramgopal Ochhavlal Maheshwari as Whole Time Director for a five-year period from August 24, 2026, to August 23, 2031, subject to shareholder approval. Additionally, the company appointed Mr. Samoil Akilbhai Lokhandwala as Company Secretary and Compliance Officer effective August 1, 2026, replacing Ms. Kesha Ravi Shah who resigned effective July 31, 2026. The board also approved an increase in authorized share capital from ₹25 crore to ₹45 crore subject to shareholder approval. The company has scheduled its Annual General Meeting for September 30, 2026.
