Siyaram Recycling Industries shares rose 3.06% to ₹41.49 following the announcement of new orders from Bhavya Impex. According to reports from Business Standard, the company secured two domestic orders worth a combined ₹1.43 crore from the customer. The first order is valued at ₹49.86 lakh for the supply of Brass Scrap Honey (U.K.), while the second order is worth ₹67.38 lakh covering the supply of Brass Scrap Honey and Brass Scrap Turning.
As per the latest market data, Siyaram Recycling Industries currently trades with a market capitalisation of ₹90.40 crore, calculated based on its latest share price of ₹41.49. The stock has a 52-week high of ₹81.00 and a 52-week low of ₹39.11, indicating significant volatility in recent periods. The company maintains a high promoter holding of 51.11%, with promoters holding 70.87% as of September 2024, demonstrating strong management confidence. However, the company shows negative cash flow from operations of ₹43.21 crore in FY26, reflecting operational challenges. The stock's Price to Earnings ratio of 10.37 compares favorably to the sectoral P/E of 82.72, suggesting potential undervaluation.
Both orders are structured on a fixed-cost basis and are scheduled to be executed within seven days, as reported by Business Standard. The company clarified that Bhavya Impex is a domestic customer and that neither the promoter nor the promoter group has any interest in the awarding entity. Additionally, the contracts do not constitute related-party transactions, ensuring proper business conduct.
On a standalone basis, the company's net profit fell 89.70% to ₹0.71 crore while net sales dropped 43.65% to ₹149.84 crore in H2FY26 over H2FY25, as reported by Business Standard. The financial data reflects the challenging operating environment the company has faced in recent periods. The company's EBITDA margin remains low at 3.18% over the past five years, indicating margin pressure despite revenue growth. The company's total operating revenue stands at ₹361.69 crore for the year ended March 2026, with equity capital of ₹21.79 crore.
According to Business Standard, Siyaram Recycling Industries is engaged in recycling brass scrap and manufacturing brass ingots, billets, rods and brass-based components, including plumbing and sanitary fittings. The company caters to customer-specific requirements in the brass recycling and manufacturing sector. Despite recent challenges, the company's revenue growth of 6.52% over the past three years and total assets of ₹282.75 crore as of March 2026, suggest potential for recovery. The company's ROE of 14.77% and ROCE of 16.97% indicate efficient capital utilization, though it carries total debt of ₹76.08 crore affecting financial stability.
