Siyaram Recycling Industries Ltd. (SIYARAM) — Tipsheet

Siyaram Recycling lands another small brass order from Metal Scrap India

Tipsheet Editorial — Wed, 15 Jul 2026 12:10:51 GMT

A ₹97.94 lakh order, ~1.11% of market cap, with five-day delivery extends a string of quick-turnaround wins.

What’s new

Won ₹97.94 lakh fixed-price order from Metal Scrap India for brass scrap, delivery within five days.
Order crosses the 1% market-cap materiality threshold for nano-cap entities.
This is the fourth order this month, following wins from Saanvi Metal Craft, Micronova, and a prior Metal Scrap India deal.

Why it matters

Individually, each order is small (roughly 1% of market cap). But four orders in 13 days signal steady demand from small scrap traders, building credibility in repeat business. For a nano-cap at a 20.2x P/E, consistent inflow supports valuations more than any single order would.

What we’re watching

Whether the pace of order wins sustains into August.
Any follow-up orders from Saanvi or Micronova.
Q2 revenue contribution from this order cluster.

The full read

Siyaram Recycling has won another brass-scrap order: ₹97.94 lakh from Metal Scrap India, delivery in five days. This is the fourth such order in July, following wins from Saanvi Metal Craft (₹1.33 cr), Micronova (₹98.41 lakh), and a prior Metal Scrap India order (₹97.70 lakh). Individually, each order is small, roughly 1% of market cap. Collectively, they signal steady demand from small scrap traders. For a nano-cap trading at a 20.2x P/E, consistent order flow supports valuations. The next test is whether the pace holds through August.

Primary source: BSE · NSE

Siyaram Recycling lands ₹1.33 cr brass scrap order from Saanvi Metal Craft

Tipsheet Editorial — Tue, 07 Jul 2026 14:01:24 GMT

Fixed-cost domestic contract must be executed within seven days. New counterparty adds diversification, though order is modest against ₹362 cr annual revenue.

What’s new

Siyaram Recycling wins ₹1.33 crore brass scrap honey order from Saanvi Metal Craft
Contract is fixed-cost, domestic, with a seven-day execution window
Order represents roughly 1.4% of market cap, crossing the 1% materiality threshold for nano-cap entities

Why it matters

The order is small relative to Siyaram's ₹362 crore annual revenue and the counterparty lacks marquee status. However, it adds a new customer and provides near-term revenue visibility, contributing to a pattern of steady order wins in July.

What we’re watching

Whether Siyaram can sustain a cadence of small orders across new customers
If the company announces larger or longer-duration contracts
Any update on utilisation of the ₹150 cr quarterly revenue capacity

The full read

Siyaram Recycling has picked up ₹1.33 crore in brass scrap honey orders from Saanvi Metal Craft, its third small-ticket win in a week. Modest. The fixed-cost domestic contract must be executed in seven days, providing near-term revenue visibility but little strategic lift given that its annual revenue stands at ₹362 crore. At 1.4% of market cap, the order crosses the materiality threshold for a nano-cap, yet the new counterparty adds diversification even though the order size caps its importance. Siyaram now has seven days to deliver and repeat the pattern that has driven its run of small orders.

Primary source: BSE · NSE

Siyaram Recycling lands ₹98.41 lakh brass scrap order from Micronova

Tipsheet Editorial — Mon, 06 Jul 2026 14:33:51 GMT

The seven-day-execution domestic order is the latest in a string of small-ticket wins for the nano-cap brass recycler, adding near-term revenue visibility.

What’s new

Siyaram Recycling wins ₹98.41 lakh order for brass scrap honey from Micronova Industries.
Contract is domestic, fixed cost, and must be executed within seven days.
This is the fourth publicly disclosed order in as many weeks, following ₹97.70 lakh, ₹81.66 lakh, and ₹5.99 cr wins.

Why it matters

At 1.04% of market cap, the order is material enough to disclose, but it doesn't alter the company's trajectory. The frequency of wins (four in under three weeks) suggests steady near-term cash flows, though none are large enough to meaningfully move revenue for a company with quarterly sales of ₹150 cr.

What we’re watching

Whether Siyaram can sustain this order frequency in coming months.
Any larger contract that could meaningfully affect revenue.
Impact of these small orders on the next quarterly cash flow statement.

The full read

Siyaram Recycling has won another small order, this time ₹98.41 lakh from Micronova Industries for brass scrap honey, with execution due in seven days. It is the fourth publicly disclosed win in as many weeks, following ₹97.70 lakh, ₹81.66 lakh, and a ₹5.99 cr order from Supreme Industries. For a nano-cap with ₹150 cr in quarterly sales, none of these are needle-movers. But the frequency (four orders in rapid succession) does suggest the company is actively filling its near-term order book. The counterparty lacks marquee status, and the ticket size is modest. Still, for a company with a ₹77 cr market cap and ₹1 cr net profit in its latest quarter, every bit of cash flow helps. This isn't a breakout. It's steady, small-ticket execution.

Primary source: BSE · NSE

Siyaram Recycling wins ₹97.70 lakh brass scrap order from Metal Scrap India

Tipsheet Editorial — Thu, 02 Jul 2026 13:20:09 GMT

The nano-cap adds another small domestic contract, continuing a string of June wins. Delivery due in seven days.

What’s new

Order worth ₹97.70 lakh from Metal Scrap India for brass scrap.
Fixed-cost domestic contract must be executed within 7 days.
Adds to a series of small-ticket wins for the nano-cap firm.

Why it matters

At 1.16% of market cap, the order is modest but signals continued order flow from domestic counterparties. For a nano-cap with ₹77 cr market cap, every order contributes to revenue visibility.

What we’re watching

Whether larger orders from marquee clients follow.
Execution pace given the 7-day deadline.
Impact on next quarter's revenue.

The full read

Siyaram Recycling Industries has picked up another small order: ₹97.70 lakh from Metal Scrap India for brass scrap, to be delivered in seven days. The contract is modest at 1.16% of the company's ₹77 cr market cap, but it continues a string of wins that began in June with larger orders from Supreme Industries and Anurag Impex. For a nano-cap brass recycler, order inflow even small-ticket is the metric that matters. The latest win provides near-term cash flow visibility and suggests steady demand from domestic counterparties. The execution test is whether it can turn seven-day orders into repeat business.

Primary source: BSE · NSE

Siyaram Recycling lands ₹81.66 lakh Supreme Industries order

Tipsheet Editorial — Wed, 01 Jul 2026 11:13:12 GMT

The fixed-price supply contract must be executed within seven days. It follows a ₹5.99 crore order last month, deepening ties between the nano-cap and the large plastics maker.

What’s new

Siyaram Recycling wins ₹81.66 lakh order from Supreme Industries for CPVC female inserts.
Fixed-price domestic contract with seven-day execution.
Follows a ₹5.99 crore Supreme order in June; marks repeat business.

Why it matters

For a nano-cap with declining annual earnings, repeat orders from a reputed buyer like Supreme Industries lend credibility and add near-term revenue. While modest in absolute size, the deepening relationship is a positive signal.

What we’re watching

Whether Supreme Industries places further orders this fiscal.
Impact of the two orders on Q1 or Q2 revenue.
Any follow-on orders from other large industrial buyers.

The full read

Siyaram Recycling Industries has locked in another order from The Supreme Industries Limited — ₹81.66 lakh for female inserts used in CPVC and plumbing systems. The fixed-price contract must ship within seven days. It follows a ₹5.99 crore order last month, the fourth win in June alone. Repeat business from a well-known buyer like Supreme is a constructive signal for the nano-cap, even if the absolute size is modest at ~1% of market cap. The two Supreme orders together signal a deepening relationship. But for a company with trailing sales of ₹150 crore, the near-term revenue lift is marginal. The real value lies in the recurring validation. One order is an event. Two is a pattern.

Primary source: BSE · NSE

Siyaram lands ₹5.99 cr Supreme Industries order, fourth win this month

Tipsheet Editorial — Sat, 20 Jun 2026 17:42:18 GMT

The deal is equal to 8% of market cap and marks the first disclosed engagement with the plastic-polymer giant. Seven-day delivery offers near-term cash flow visibility.

What’s new

Siyaram won a ₹5.99 cr contract from The Supreme Industries Limited for brass fittings.
Delivery is due within seven days, providing immediate cash flow.
This is the fourth disclosed order in June, following wins from Anurag Impex, Green Metals FZCO, and an earlier export deal.

Why it matters

At 8% of market cap, this single order is far larger than a routine nano-cap contract. The counterparty's repute raises credibility, but with FY26 profits of just ₹1 cr on ₹150 cr in sales, margin is the real test. A quick-turn order helps near-term liquidity but doesn't fix the underlying profitability gap.

What we’re watching

Execution speed: seven-day delivery window leaves no room for delays.
Whether profit margins on this order beat the thin net margin seen in the March quarter (₹1 cr on ₹150 cr sales).
If Supreme Industries converts this into a recurring supply arrangement.

The full read

Siyaram Recycling is on a winning streak. In the past two weeks it has disclosed four orders, and the latest from The Supreme Industries Limited at ₹5.99 cr is the largest yet. The seven-day delivery means brass fittings will be shipped within a week, converting the order into near-term cash. At 8% of market cap, it dwarfs routine nano-cap contracts and brings a marquee counterparty to the client list. But there is a second story here. The March quarter net profit was just ₹1 cr on ₹150 cr in sales. The order book is filling; the income statement still needs fixing.

Primary source: BSE · NSE

Siyaram Recycling lands ₹3.21 cr order, its largest from Anurag Impex

Tipsheet Editorial — Thu, 18 Jun 2026 11:34:43 GMT

The domestic fixed-price deal represents 4.27% of market cap and is the third contract from the same buyer this year, signalling deepening ties.

What’s new

Secured a ₹3.21 crore order from Anurag Impex for brass scrap honey.
Largest single order from this buyer, following ₹1.13 cr and ₹1.97 cr orders earlier in 2026.
Delivery within seven days adds near-term cash flow certainty.

Why it matters

For a ₹74 cr market cap company, a ₹3.21 cr order is material. The repeat business from the same counterparty provides revenue visibility and suggests a deepening relationship, which is more valuable than a one-off win.

What we’re watching

Whether Siyaram can scale up orders from other counterparties beyond Anurag Impex.
Execution within the tight seven-day delivery window.
Any further orders from export or other domestic buyers.

The full read

Siyaram Recycling has landed its third order this year from Anurag Impex, this one the largest at ₹3.21 crore, worth 4.27% of the company's ₹74 crore market cap. The domestic fixed-price deal requires delivery within seven days, which locks in near-term cash flow. Two smaller orders of ₹1.13 crore and ₹1.97 crore preceded it. For a nano-cap, repeat business from the same counterparty is more valuable than a one-off win – it lowers selling costs and builds trust. The order is small by absolute standards but material at Siyaram's scale. The seven-day delivery timeline adds certainty. The open question is whether the company can broaden its customer base beyond Anurag Impex. That would reduce dependence and signal scalable operations.

Primary source: BSE · NSE

Siyaram Recycling lands second export order from UAE buyer, value doubles

Tipsheet Editorial — Wed, 17 Jun 2026 11:11:33 GMT

Nano-cap firm secures $426,000 contract from Green Metals FZCO, double the previous order, with delivery in seven days.

What’s new

Fresh export order worth USD 426,000 from Green Metals FZCO for brass billets.
Order value double the previous contract from the same buyer.
Fixed-price deal with delivery required within seven days.

Why it matters

Repeat business from an international customer signals growing export traction for this nano-cap firm. The order, while small relative to quarterly sales of ₹150 crore, now accounts for 4.8% of market cap, a material event for a company of this size.

What we’re watching

Whether more repeat orders follow from Green Metals or other UAE buyers.
Execution speed: can the firm deliver within the tight seven-day window?
Impact on the company's revenue pipeline given recent reduced annual earnings.

The full read

Siyaram Recycling Industries, a nano-cap with a ₹74 crore market cap, has snagged its second export order from UAE-based Green Metals FZCO. This time the order is for USD 4,26,000 (roughly ₹3.54 crore), exactly double the previous USD 2,13,000 contract from the same buyer, and must be delivered within seven days. Repeat business from an international customer is a positive signal, especially after the company posted ₹150 crore in sales last quarter but with a thin net profit of just ₹1 crore. The order, while small in context of quarterly revenue, represents 4.8% of market cap, a material trigger for a firm of this size. It won't transform the earnings profile, but it shows the export channel is gaining traction. On the table now is whether Green Metals becomes a steady buyer.

Primary source: BSE · NSE

Siyaram lands its first export order, worth ₹1.77 cr

Tipsheet Editorial — Thu, 11 Jun 2026 11:04:24 GMT

A seven-day contract from a UAE buyer marks a new international customer for the brass recycler, diversifying a mostly domestic book.

What’s new

Siyaram secured a USD 213,000 fixed-price order for brass billets from Green Metals FZCO, a UAE-based free zone company.
This is a new international customer for the recycler, which has sold mostly to domestic clients.
The contract is to be executed within seven days.

Why it matters

For a nano-cap with a ₹72 cr market cap, even small orders move the needle. This one represents 2.46% of that value. More importantly, it opens an export channel, a first for a company whose recent wins (₹1.13 cr from Anurag Impex, ₹2.64 cr from Saanvi Metal Craft) were all domestic. The seven-day execution window means near-term revenue.

What we’re watching

Whether Green Metals FZCO becomes a repeat customer or this is a one-off.
How the order flows through in the current quarter's results, given the short timeline.
The pace of order wins after promoter exits in April-May.

The full read

Siyaram Recycling has landed a USD 213,000 order for brass billets from Green Metals FZCO, a UAE buyer. At ₹1.77 cr, the contract is worth 2.46% of the nano-cap's ₹76 cr market cap. The buyer is new, and the deal is the recycler's first foray into exports, a channel that has been absent from its recent order book. Execution is swift: a seven-day delivery window on a fixed-price deal. This extends a string of small wins for Siyaram, which has picked up orders worth ₹1.13 cr and ₹2.64 cr from domestic players since May. The difference this time is geography. The open question is whether Green Metals becomes a recurring buyer or this remains a one-off.

Primary source: BSE · NSE

Siyaram Recycling bags ₹1.13 cr order, a big deal for a tiny company

Tipsheet Editorial — Tue, 09 Jun 2026 12:44:42 GMT

The fixed-price brass scrap contract is due in seven days. At 1.48% of its market cap, it clears the materiality threshold.

What’s new

Siyaram Recycling won a ₹1.13 crore order from Anurag Impex for brass scrap honey.
The contract is fixed-price and must be delivered within seven days.
The order value is 1.48% of the company's ₹76 crore market capitalization.

Why it matters

This is a material short-term cash event. The seven-day execution window means the ₹1.13 crore should hit the books almost immediately, which is significant for a company with a ₹76 crore market cap. The order clears the 1% materiality threshold for nano-caps, forcing a public disclosure.

What we’re watching

Whether the Anurag Impex relationship generates repeat business at this scale.
The pace of similar small-ticket wins from other domestic traders.
How this revenue flows into current-quarter numbers.

The full read

Siyaram Recycling Industries, a nano-cap metals recycler, won a ₹1.13 crore order from Anurag Impex for brass scrap honey. The contract is fixed-price and due in seven days. For a company with a ₹76 crore market cap, this single order equals 1.48% of its entire market value. That's material. The fast execution means the revenue should be booked in the current quarter, boosting near-term cash flows. It's a concrete, if small, win. The company's business runs on these quick-turn deals from repeat domestic traders. The open question is whether the ticket size grows.

Primary source: BSE · NSE

Mukul Agrawal nears total exit from Siyaram Recycling

Tipsheet Editorial — Wed, 27 May 2026 11:31:03 GMT

Param Value Investments has offloaded another 4.65% stake in the brass recycler, cutting its holding to 1.49% after a series of open-market sales.

What’s new

Mukul Agrawal’s firm sold 10,12,500 shares, reducing its stake from 6.14% to 1.49%.
This follows an earlier reduction from roughly 10% earlier this year.
The firm has now offloaded nearly 8.6% of the company's total equity in a few months.

Why it matters

For a nano-cap company with a market valuation of ₹82 crore, the sustained exit of a marquee investor is a material negative signal. The speed of this sell-off suggests a loss of confidence following the company's recent weak earnings.

What we’re watching

Whether the remaining 1.49% stake is liquidated in the coming weeks.
Liquidity pressure on the stock given the heavy selling volume.
Any management response to the investor's departure.

The full read

Mukul Agrawal is heading for the exit at Siyaram Recycling. Through his firm, Param Value Investments, he has offloaded another 4.65% stake in the brass recycler, bringing his holding down to 1.49% from 6.14%. This latest move, executed between April 23 and May 25, follows an earlier reduction from roughly 10% at the start of the year. In total, Agrawal has dumped nearly 8.6% of the company's equity in just a few months. For a nano-cap firm valued at ₹82 crore, this is a heavy volume of selling. It follows a period of weak earnings for the company, and the aggressive nature of the exit suggests a clear lack of appetite for the current outlook. The open question is whether the remaining 1.49% will be cleared out next, or if the selling pressure will finally stabilize at these levels.

Primary source: BSE · NSE

Siyaram Recycling lands ₹2.64 cr brass scrap order from Saanvi Metal Craft

Tipsheet Editorial — Fri, 22 May 2026 10:50:19 GMT

The nano-cap's first material order in a while arrives as earnings dip. The deal is small but not trivial.

What’s new

Siyaram Recycling secured a ₹2.64 crore order from Saanvi Metal Craft for brass scrap honey.
The deal is fixed-price and must be delivered within seven days.
At ₹77 crore market cap, the order equals about 3.4% of equity value.

Why it matters

For a nano-cap with a ₹77 crore market cap and fluctuating earnings, a ₹2.64 crore order is material. It represents 3.4% of equity value, well above the 1% threshold that triggers mandatory disclosure. The seven-day execution window means the revenue hits the next quarter almost immediately.

What we’re watching

Whether this order is a one-off or signals a steadier pipeline.
Q4 margins after this quick-turn, fixed-price deal.
Saanvi Metal Craft as a recurring counterparty.

The full read

Siyaram Recycling Industries, a ₹77 crore nano-cap, has locked in a ₹2.64 crore order for brass scrap honey from Saanvi Metal Craft. The fixed-price deal requires delivery within seven days, putting the revenue almost straight into the next quarterly print. At 3.4% of market capitalisation, the order clears the materiality threshold for mandatory disclosure. The counterparty is a domestic trading house without a big-name pedigree, and the filing offers no history of prior business between them. For a company with fluctuating earnings and a small revenue base, even a single-digit percentage order moves the needle. The seven-day execution window is tight, but it also means this isn't a long-lead promise. It's near-cash.

Primary source: BSE · NSE