Siyaram Recycling Industries Ltd
Incorporated in 2007, Siyaram Recycling Industries Ltd manufactures all kinds of Brass Plumbing and Sanitary Components[1]
- Market Cap ₹ 255 Cr.
- Current Price ₹ 117
- High / Low ₹ 184 / 101
- Stock P/E 17.4
- 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.
- 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 | |
|---|---|---|---|---|---|
| 139 | 423 | 492 | 413 | 511 | |
| 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: | 66% |
| TTM: | 94% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -1% |
| 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 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 2 |
| 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 | 114 | 27 | 31 | 59 | 86 |
| ROCE % | 11% | 16% | 14% | 17% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Siyaram Recycling secured Rs.16.81 million H K IMPEX order for Brass Scrap Honey; delivery within six months.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Sep - Newspaper Advertisement regarding Annual General Meeting
- Reg. 34 (1) Annual Report. 4 Sep
-
NOTICE OF 19TH ANNUAL GENERAL MEETING
4 Sep - 19th AGM on 27 Sep 2025; director reappointment; cost auditor fee Rs60,000; e-voting 24-26 Sep.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
3 Sep - Siyaram Recycling secured Rs.1,40,36,373 order from Saanvi Metal Craft for Brass Scrap Honey, to be executed within one month.
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.