Siyaram lands fourth brass order in July, ₹2.90 cr from Saanvi
The company has now won four orders this month totaling over ₹6 crore, all within seven-day execution windows. The frequency suggests steady working capital churn rather than a thesis-changer.
— 13 earlier stories on Siyaram Recycling Industries Ltd. →What's new
- Secured ₹2.90 cr order from Saanvi Metal Craft for brass scrap honey, execution within 7 days.
- This is the fourth brass scrap order in July, totalling over ₹6 cr from multiple counterparties.
- Order value equals ~3.2% of market cap, crossing materiality threshold for nano-cap.
Why this matters
The steady drip of small orders suggests Siyaram is churning inventory rather than building a backlog. Investors should not mistake frequency for scale — these orders are executed within a week and do little to change the quarterly revenue trajectory. The lack of marquee counterparties also limits the signalling value.
What we're watching
- Whether Siyaram sustains this order cadence into August.
- Any large-scale contracts that could materially move revenue beyond ₹150 cr quarterly.
- The company's ability to convert these quick-turn orders into sustainable margins.
The full read
Siyaram Recycling has won its fourth brass scrap order in July. The ₹2.90 crore order from Saanvi Metal Craft for brass scrap honey must be delivered within seven days. That brings the July total to over ₹6 crore across four orders. At roughly 3.2% of its ₹77 crore market cap, each order is big enough to be material for a nano-cap, but tiny against quarterly sales of ₹150 crore. The counterparty is Saanvi Metal Craft, the same firm that placed a ₹1.33 crore order on July 7. Not marquee. The pattern is clear: Siyaram is churning small-lot orders at high frequency, not landing a franchise-defining contract. It won't change the investment thesis. But it does show the company can consistently find buyers for its brass scrap and execute within a week.
Questions answered
- How does this order compare to Siyaram's quarterly revenue?
- Quarterly sales run at about ₹150 crore, so a ₹2.90 crore order represents less than 2% of quarterly revenue. It's small but welcome.
- Who is Saanvi Metal Craft?
- Saanvi Metal Craft is the same counterparty that placed a ₹1.33 crore order earlier in July. It is not a marquee name, so the order does not signal a strategic partnership.
- Why does the order matter if it's so small?
- For a nano-cap with ₹77 crore market cap, a ₹2.90 crore order crosses a materiality threshold and provides immediate cash flow visibility. But the gains are transient.
- How many orders has Siyaram announced in July 2026?
- Four: two from Saanvi Metal Craft and one each from Metal Scrap India and Micronova, totalling over ₹6 crore.
- What is the execution timeline?
- The contract must be executed within seven days from announcement, implying a quick working capital cycle.
- Does this change the investment thesis?
- No. The analyst rationale explicitly states the order does not alter the long-term investment thesis or signal a transformative shift.
Siyaram Recycling Industries Ltd.
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All notes on SIYARAM →- 16 Jul 2026 · 11:16 AM IST Siyaram lands fourth brass order in July, ₹2.90 cr from Saanvi
- today Siyaram lands first export order, ₹4.14 cr brass billets to Green Metals
- 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