Siyaram Recycling Industries Ltd
Incorporated in 2007, Siyaram Recycling Industries Ltd manufactures all kinds of Brass Plumbing and Sanitary Components[1]
- Market Cap ₹ 84.7 Cr.
- Current Price ₹ 38.9
- High / Low ₹ 157 / 32.0
- Stock P/E 8.50
- Book Value ₹ 59.6
- Dividend Yield 0.00 %
- ROCE 16.6 %
- ROE 14.3 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.65 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: -7.73%
- 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: | -70% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 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 |
| Free Cash Flow | 5 | 8 | -36 | -5 | -46 |
| CFO/OP | 178% | 192% | -261% | -9% | -138% |
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% |
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
-
Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Monday, 18Th May, 2026
20m - Board meeting on 18 May 2026 to approve audited results for half year and year ended 31 March 2026.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
8h - Siyaram Recycling secured a Rs 1.51 crore domestic order from Supreme Industries, to execute within 7 days.
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
29 Apr - Param Value Investments sold 8,62,500 shares; stake fell from 10.097% to 6.138% between Feb 25 and Apr 22, 2026.
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
24 Apr - Param Value Investments sold 8.62 lakh shares; holding fell to 6.138% between Feb 25 and Apr 22, 2026.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
17 Apr - Siyaram Recycling secured a Rs. 2.07 crore domestic Brass Ingots order from Dharma Metalex, executable within 7 days.
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.