Siyaram Recycling Industries Ltd
Incorporated in 2007, Siyaram Recycling Industries Ltd manufactures all kinds of Brass Plumbing and Sanitary Components[1]
- Market Cap ₹ 77.5 Cr.
- Current Price ₹ 35.6
- High / Low ₹ 120 / 32.0
- Stock P/E 20.5
- Book Value ₹ 59.7
- Dividend Yield 0.00 %
- ROCE 7.34 %
- ROE 2.95 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.60 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -7.72%
- Company has a low return on equity of 8.88% over last 3 years.
- Debtor days have increased from 39.1 to 55.1 days.
- Working capital days have increased from 93.9 days to 136 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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 139 | 423 | 492 | 413 | 511 | 362 | |
| 135 | 418 | 481 | 396 | 484 | 345 | |
| Operating Profit | 4 | 6 | 11 | 17 | 27 | 17 |
| OPM % | 2.7% | 1.3% | 2.3% | 4.1% | 5% | 4.7% |
| 1 | 3 | 5 | 1 | 2 | 1 | |
| Interest | 2 | 2 | 4 | 7 | 8 | 11 |
| Depreciation | 1 | 2 | 2 | 1 | 1 | 2 |
| Profit before tax | 2 | 4 | 10 | 10 | 20 | 6 |
| Tax % | 27% | 29% | 31% | 26% | 29% | 34% |
| 1 | 3 | 7 | 8 | 15 | 4 | |
| EPS in Rs | 1.03 | 2.33 | 5.19 | 4.00 | 6.69 | 1.74 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | -10% |
| TTM: | -29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | -19% |
| TTM: | -74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -66% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 9% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 19 | 22 | 22 |
| Reserves | 22 | 25 | 32 | 58 | 105 | 108 |
| 29 | 28 | 67 | 59 | 76 | 114 | |
| 33 | 32 | 38 | 34 | 80 | 30 | |
| Total Liabilities | 98 | 99 | 151 | 170 | 283 | 274 |
| 7 | 8 | 7 | 6 | 6 | 6 | |
| CWIP | -0 | -0 | -0 | -0 | 2 | -0 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 |
| 91 | 91 | 144 | 164 | 276 | 268 | |
| Total Assets | 98 | 99 | 151 | 170 | 283 | 274 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 7 | 11 | -35 | -4 | -43 | -28 | |
| -2 | -2 | -1 | -1 | -3 | -0 | |
| -6 | -6 | 34 | 5 | 45 | 29 | |
| Net Cash Flow | -1 | 2 | -1 | -0 | -1 | 0 |
| Free Cash Flow | 5 | 8 | -36 | -5 | -46 | -28 |
| CFO/OP | 178% | 192% | -261% | -9% | -138% | -153% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 112 | 29 | 26 | 26 | 36 | 55 |
| Inventory Days | 119 | 48 | 63 | 117 | 161 | 226 |
| Days Payable | 86 | 26 | 22 | 17 | 30 | 26 |
| Cash Conversion Cycle | 145 | 50 | 66 | 125 | 167 | 255 |
| Working Capital Days | 114 | 27 | 31 | 59 | 86 | 136 |
| ROCE % | 11% | 16% | 14% | 17% | 7% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Brass Ingots Share of Manufactured Products Revenue % |
|
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| Export Revenue Share % |
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| Trading (Brass Scrap) Share of Revenue % |
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| Value-added Products (Components + Rods) Share of Manufactured Products Revenue % |
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| Imported Brass Scrap Share of Total Brass Scrap Cost % |
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| Permanent Employees count |
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| Solar Power Installed Capacity KW |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Siyaram Recycling secured Rs. 3.19 crore domestic order from Sahjanand Metal Alloys, executable within 30 days.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Secured Rs. 2.47 crore domestic order from Sahjanand Impex for Brass Meter bodies, executable within 30 days.
-
Announcement under Regulation 30 (LODR)-Change in Management
- Board approved reappointment of MD Bhavesh Maheshwari and WTD Ramgopal Maheshwari for five years from 24 Aug 2026.
- Record/Cut Off Date For Dispatching Notice And E-Voting
-
Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held On The Monday, 24Th August, 2026 At 11:00 A.M
- Board reappointed MD Bhavesh Maheshwari and Whole-time Director Ramgopal Maheshwari for 5 years; AGM on 30 Sept 2026.
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.