Siyaram bags ₹99 lakh brass scrap order from repeat buyer Metal Scrap India
The fixed-cost domestic contract, ~1.1% of ₹90 cr market cap, must be executed within five days.
— 14 earlier stories on Siyaram Recycling Industries Ltd. →What's new
- Siyaram secures ₹99.24 lakh brass scrap order from Metal Scrap India.
- Fixed-cost contract with a five-day execution timeline.
- Second order from Metal Scrap India in three days (₹97.94 lakh on July 15).
Why this matters
For a nano-cap like Siyaram, the order exceeds the 1% materiality threshold. But it's a routine domestic win from a repeat buyer, and the frequency of similar announcements reduces surprise. The order provides near-term cash flow visibility but doesn't alter the revenue trajectory given the company's high annual base.
What we're watching
- Whether Siyaram can sustain the pace of small-ticket wins from domestic buyers.
- Execution of the order within five days—quick turnaround but no margin detail.
- Any larger orders that could meaningfully move the stock or diversify counterparty risk.
The full read
Siyaram Recycling has won another small brass scrap order from the same domestic buyer, Metal Scrap India. The ₹99.24 lakh fixed-cost contract must be executed within five days. At roughly 1.1% of its ₹90 crore market cap, the order crosses the materiality threshold for a nano-cap. But this is the second such win from Metal Scrap India in three days, following a ₹97.94 lakh order on July 15. Combined with two other orders on July 16 (a ₹4.14 cr export and a ₹2.90 cr domestic deal), the company has announced over ₹9 crore in orders this week. The analyst notes the frequency of similar announcements reduces the element of surprise and the counterparty is not a marquee name. The order adds near-term cash flow visibility but does not change the investment thesis for a company with trailing sales of ₹150 crore per quarter. Routine, but material enough to note.
Questions answered
- How does this order compare to Siyaram's recent wins?
- It's similar in size to the ₹97.94 lakh order from the same buyer on July 15. Siyaram also announced a ₹4.14 cr export order and a ₹2.90 cr order from Saanvi on July 16.
- What does the five-day execution timeline imply?
- It suggests the order is for standard inventory that can be shipped quickly, implying low procurement risk and fast cash conversion.
- Is Metal Scrap India a marquee counterparty?
- No, it's a repeat domestic buyer without marquee status. The frequency of orders from the same party reduces the element of surprise.
- How many orders has Siyaram announced in July so far?
- At least four: two from Metal Scrap India (₹97.94 lakh and ₹99.24 lakh), one export order (₹4.14 cr), and one from Saanvi (₹2.90 cr), totalling over ₹9 crore.
Siyaram Recycling Industries Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on SIYARAM →- 17 Jul 2026 · 10:54 AM IST Siyaram bags ₹99 lakh brass scrap order from repeat buyer Metal Scrap India
- 1d ago Siyaram lands first export order, ₹4.14 cr brass billets to Green Metals
- 1d ago Siyaram lands fourth brass order in July, ₹2.90 cr from Saanvi
- 2d ago Siyaram Recycling lands another small brass order from Metal Scrap India
- 10d ago Siyaram Recycling lands ₹1.33 cr brass scrap order from Saanvi Metal Craft