Siyaram lands ₹5.99 cr Supreme Industries order, fourth win this month
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.
— 6 earlier stories on Siyaram Recycling Industries Ltd. →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 this 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.
Questions answered
- How does this order compare to Siyaram's recent wins?
- At ₹5.99 cr, it is the largest disclosed order this month, exceeding the ₹3.21 cr order from Anurag Impex on June 18.
- Why is the seven-day delivery window notable?
- It means Siyaram must fulfill the contract almost immediately, converting the order into cash flow within weeks. That is unusually fast for industrial supplies and signals strong inventory or spare capacity.
- Does this order fix Siyaram's profitability issues?
- No. The March quarter net profit of ₹1 cr on ₹150 cr sales shows razor-thin profitability. The ₹5.99 cr order adds revenue but, unless margins are meaningfully higher, it does not by itself lift earnings power.
- How material is this order relative to Siyaram's market cap?
- At ₹5.99 cr against a ₹75 crore market capitalization, the order represents roughly 8% of market cap, well above the typical 1% materiality threshold for nano-caps.
Siyaram Recycling Industries Ltd.
Latest quarter · Mar 2026
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All notes on SIYARAM →- 20 Jun 2026 · 5:42 PM IST Siyaram lands ₹5.99 cr Supreme Industries order, fourth win this month
- 2d ago Siyaram Recycling lands ₹3.21 cr order, its largest from Anurag Impex
- 3d ago Siyaram Recycling lands second export order from UAE buyer, value doubles
- 9d ago Siyaram lands its first export order, worth ₹1.77 cr
- 11d ago Siyaram Recycling bags ₹1.13 cr order, a big deal for a tiny company