Siyaram Recycling Industries Ltd
Incorporated in 2007, Siyaram Recycling Industries Ltd manufactures all kinds of Brass Plumbing and Sanitary Components[1]
- Market Cap ₹ 80.4 Cr.
- Current Price ₹ 36.9
- High / Low ₹ 157 / 32.0
- Stock P/E 21.2
- Book Value ₹ 59.7
- Dividend Yield 0.00 %
- ROCE 7.34 %
- ROE 2.95 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.62 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: -7.73%
- 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 % | 3% | 1% | 2% | 4% | 5% | 5% |
| 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: | -73% |
| 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 | |
|---|---|---|---|
| Gross Current Assets (GCA) Days Days |
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| Receivables Days Days |
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| Bank Limit Utilization (Average) % |
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| Brass Billet Order Volume (Specific Orders) Tons |
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| Installed Solar Power Capacity KW |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1 Jun - Siyaram Recycling secured a Rs. 93.53 lakh domestic brass scrap order from Radhika Metals, to execute within 7 days.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1 Jun - Siyaram Recycling secured Rs. 95.64 lakh domestic brass scrap order from Charbhuja Impex, executable within 7 days.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 29 May
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
29 May - Siyaram Recycling secured a Rs. 1.97 crore domestic order from Anurag Impex, executable within 7 days.
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
27 May - Param Value Investments sold 10,12,500 shares; holding fell from 6.138% to 1.492% between Apr 23-May 25, 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.