Siyaram Recycling Industries Ltd
Incorporated in 2007, Siyaram Recycling Industries Ltd manufactures all kinds of Brass Plumbing and Sanitary Components[1]
- Market Cap ₹ 131 Cr.
- Current Price ₹ 59.9
- High / Low ₹ 172 / 51.3
- Stock P/E 13.1
- Book Value ₹ 59.6
- Dividend Yield 0.00 %
- ROCE 16.6 %
- ROE 14.3 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.00 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: | -61% |
| 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 | 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
19 Nov - Secured Rs 1,52,33,800 order from The Supreme Industries for 1/2" FEMALE INSERT CPVC; execution within six months.
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On Friday, 14 November 2025 And
Submission Of The Unaudited Financial Results And Limited Review Report
On Financial Result For The Half Year Ended On 30Th September, 2025
14 Nov - Approved H1 results to 30 Sept 2025: income Rs212.40 crore, PAT Rs3.08 crore; limited review unmodified.
- Outcome Of The Board Meeting Held On Friday, 14 November 2025 And Submission Of The Unaudited Financial Results And Limited Review Report On Financial Result For The Half Year Ended On 30Th September, 2025 14 Nov
-
Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Friday, 14 November 2025
7 Nov - Board meeting on 14 Nov 2025 to consider unaudited results for half-year ended 30 Sep 2025; trading window closed.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Oct - Submission of Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2025.
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.