Siyaram Recycling Industries Ltd
Incorporated in 2007, Siyaram Recycling Industries Ltd manufactures all kinds of Brass Plumbing and Sanitary Components[1]
- Market Cap ₹ 291 Cr.
- Current Price ₹ 134
- High / Low ₹ 184 / 68.0
- Stock P/E 20.0
- Book Value ₹ 58.2
- Dividend Yield 0.00 %
- ROCE 16.6 %
- ROE 14.3 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 29.3 to 36.4 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 | |
|---|---|---|---|---|---|
| 139 | 423 | 492 | 413 | 512 | |
| 135 | 418 | 481 | 396 | 484 | |
| Operating Profit | 4 | 6 | 11 | 17 | 27 |
| OPM % | 3% | 1% | 2% | 4% | 5% |
| 1 | 3 | 5 | 1 | 2 | |
| Interest | 2 | 2 | 4 | 7 | 8 |
| Depreciation | 1 | 2 | 2 | 1 | 1 |
| Profit before tax | 2 | 4 | 10 | 10 | 20 |
| Tax % | 27% | 29% | 31% | 26% | 29% |
| 1 | 3 | 7 | 8 | 15 | |
| EPS in Rs | 1.03 | 2.33 | 5.19 | 4.00 | 6.69 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 65% |
| TTM: | 94% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 91% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 19 | 22 |
| Reserves | 22 | 25 | 32 | 58 | 105 |
| 29 | 28 | 67 | 59 | 76 | |
| 33 | 32 | 38 | 34 | 80 | |
| Total Liabilities | 98 | 99 | 151 | 170 | 283 |
| 7 | 8 | 7 | 6 | 8 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 91 | 91 | 144 | 164 | 276 | |
| Total Assets | 98 | 99 | 151 | 170 | 283 |
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 | 149 | 49 | 78 | 110 | 135 |
| ROCE % | 11% | 16% | 14% | 17% |
Documents
Announcements
-
Non-Applicability Of Regulation 23(9) As Per Regulation 15 Of Chapter IV Of SEBI (LODR) Regulations, 2015 For The Half Year And Year Ended March 2025.
20 May - Siyaram Recycling certifies non-applicability of related party transaction filing for FY2025 as SME listed.
-
Intimation Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 Regarding Re-Appointment Of CMA Kalpit Shah (Proprietor Of Kalpit Shah & Associates), Cost Accountants, Ahmedabad (Firm Regn. No.00383 Cost Accountant Ahmedabad As The Cost Auditor
20 May - Re-appointment of CMA Kalpit Shah as cost auditor for FY 2025-26.
-
Intimation Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 Regarding Re-Appointment Of CA Prafulla Rani Chode (Proprietor Of M/S. Prafulla And Associates),Chartered Accountant, Jamnagar (Firm Regn. No.128094W), As Internal Auditor.
20 May - Re-appointment of CA Prafulla Rani as internal auditor for FY 2025-26.
-
Announcement under Regulation 30 (LODR)-Change in Management
20 May - Reappointment of M/s. Murtuza Mandorwala & Associates as secretarial auditor for five years from 2025-26 to 2029-30.
-
Statement Of Deviation Or Variation In The Use Of Proceeds Of Equity Issue For The Half Year And Year Ended 31St March, 2025.
20 May - No deviation in utilization of Rs 35.30 crore preferential issue proceeds, fully used as per stated objectives.
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.