Siyaram Recycling Industries Ltd
Incorporated in 2007, Siyaram Recycling Industries Ltd manufactures all kinds of Brass Plumbing and Sanitary Components[1]
- Market Cap ₹ 114 Cr.
- Current Price ₹ 52.5
- High / Low ₹ 157 / 43.6
- Stock P/E 11.5
- Book Value ₹ 59.6
- Dividend Yield 0.00 %
- ROCE 16.6 %
- ROE 14.3 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.88 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.33%
- Debtor days have increased from 29.3 to 36.4 days.
- Working capital days have increased from 58.7 days to 86.2 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Other Industrial Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 139 | 423 | 492 | 413 | 511 | 478 | |
| 135 | 418 | 481 | 396 | 484 | 455 | |
| Operating Profit | 4 | 6 | 11 | 17 | 27 | 22 |
| OPM % | 3% | 1% | 2% | 4% | 5% | 5% |
| 1 | 3 | 5 | 1 | 2 | 2 | |
| Interest | 2 | 2 | 4 | 7 | 8 | 9 |
| Depreciation | 1 | 2 | 2 | 1 | 1 | 1 |
| Profit before tax | 2 | 4 | 10 | 10 | 20 | 15 |
| Tax % | 27% | 29% | 31% | 26% | 29% | |
| 1 | 3 | 7 | 8 | 15 | 10 | |
| EPS in Rs | 1.03 | 2.33 | 5.19 | 4.00 | 6.69 | 4.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 66% |
| TTM: | -9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -60% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 14% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 19 | 22 | 22 |
| Reserves | 22 | 25 | 32 | 58 | 105 | 108 |
| 29 | 28 | 67 | 59 | 76 | 107 | |
| 33 | 32 | 38 | 34 | 80 | 53 | |
| Total Liabilities | 98 | 99 | 151 | 170 | 283 | 290 |
| 7 | 8 | 7 | 6 | 6 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 91 | 91 | 144 | 164 | 276 | 283 | |
| Total Assets | 98 | 99 | 151 | 170 | 283 | 290 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 7 | 11 | -35 | -4 | -43 | |
| -2 | -2 | -1 | -1 | -3 | |
| -6 | -6 | 34 | 5 | 45 | |
| Net Cash Flow | -1 | 2 | -1 | -0 | -1 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 112 | 29 | 26 | 26 | 36 |
| Inventory Days | 119 | 48 | 63 | 117 | 161 |
| Days Payable | 86 | 26 | 22 | 17 | 30 |
| Cash Conversion Cycle | 145 | 50 | 66 | 125 | 167 |
| Working Capital Days | 114 | 27 | 31 | 59 | 86 |
| ROCE % | 11% | 16% | 14% | 17% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
11 Feb - Order from The Supreme Industries: 1,610,560 CPVC female inserts worth Rs1,748,760; to be executed within six months.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
11 Feb - Siyaram Recycling secured Rs3,405,267.60 order from Usha International for brass connectors; execution within six months.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
11 Feb - Siyaram Recycling secured Rs.1,88,53,332 Brass Scrap Honey order from Charbhuja Impex; execution within six months.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
5 Feb - Siyaram Recycling received Rs.4,03,02,900 purchase order from SAANVI METAL CRAFT for brass scrap, to be executed within six months.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
4 Feb - Siyaram Recycling secured Rs.5,14,27,350 order from Dharma Metalex for brass scrap, execution within six months.
Business Overview:[1][2]
SRIL, formerly known as Siyaram Impex Pvt Ltd, manufactures copper alloy (brass) ingots and billets at its facility in Jamnagar, Gujarat. It is in the business of:
a) Segregation of brass scrap
b) Manufacturing of brass ingots, billets, and brass rods
c) Manufacturing of brass-based components (plumbing and sanitary parts) such as brass inserts, brass ceramic cartridges (brass spindles), brass valves, extension nipples, etc.