Siyaram lands first export order, ₹4.14 cr brass billets to Green Metals
The nano-cap brass recycler's first international contract, for brass billets, must be delivered within seven days. The order is 4.45% of its market cap but just 1.1% of annual revenue.
— 13 earlier stories on Siyaram Recycling Industries Ltd. →What's new
- Siyaram wins ₹4.14 cr export order from Green Metals FZCO for brass billets.
- Execution window is seven days — the shortest of any recent order.
- First disclosed export order; prior wins were domestic scrap deals.
Why this matters
An export order is a new revenue stream for a nano‑cap that has relied on domestic scrap suppliers. But at ₹4.14 cr, it is roughly 1.1% of Siyaram's ₹362 cr annual turnover and does not change the long‑term investment thesis. The seven‑day delivery suggests the buyer needs quick supply, not that Siyaram has cracked a new market at scale.
What we're watching
- Whether this leads to repeat export orders from Green Metals or other counterparties.
- Margins on the export order vs domestic brass-billets business.
- Any further export disclosures in the coming weeks.
The full read
Siyaram Recycling Industries has secured its first disclosed export order: ₹4.14 crore of brass billets for Green Metals FZCO, due in seven days. It is the nano‑cap's first international win after a string of domestic scrap orders in July. The order is 4.45% of its market cap (₹93 cr) but just 1.1% of its ₹362 crore annual revenue. The short timeline suggests a spot purchase, not a recurring contract. The counterparty is not marquee. The order is a positive signal of new geography and product type, but it does not alter the investment thesis. It is one small step toward diversification, not a pivot.
Questions answered
- How does this order compare to Siyaram's typical order size?
- At ₹4.14 cr, it is larger than the three domestic orders in July (₹2.90 cr, ₹97.94 lakh, ₹1.33 cr) but still small relative to the company's ₹362 cr annual revenue.
- Who is Green Metals FZCO?
- A free‑zone company based in the UAE. It is not described as a marquee counterparty, and the source does not indicate any prior relationship with Siyaram.
- Why does a seven‑day execution window matter?
- It shows the buyer needs the brass billets immediately, which may indicate a spot purchase rather than a long‑term contract. It also means Siyaram must have inventory or quick conversion capacity.
- Does this order change Siyaram's financial outlook?
- No. The order is too small (≈1.1% of annual revenue) to materially alter revenue or profit estimates. The importance is strategic — first export — not financial.
Siyaram Recycling Industries Ltd.
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All notes on SIYARAM →- 16 Jul 2026 · 12:35 PM IST Siyaram lands first export order, ₹4.14 cr brass billets to Green Metals
- today Siyaram lands fourth brass order in July, ₹2.90 cr from Saanvi
- 1d ago Siyaram Recycling lands another small brass order from Metal Scrap India
- 9d ago Siyaram Recycling lands ₹1.33 cr brass scrap order from Saanvi Metal Craft
- 10d ago Siyaram Recycling lands ₹98.41 lakh brass scrap order from Micronova