Siyaram lands its first export order, worth ₹1.77 cr
A seven-day contract from a UAE buyer marks a new international customer for the brass recycler, diversifying a mostly domestic book.
— 3 earlier stories on Siyaram Recycling Industries Ltd. →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 this 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.
Questions answered
- How large is this order relative to Siyaram's business?
- The USD 213,000 order (₹1.77 cr) is 2.46% of the company's ₹76 cr market cap. Against annual revenue of ₹362 cr, it is minor in scale but significant as a first-time export contract.
- Who is the counterparty, and why does that matter?
- The buyer is Green Metals FZCO, a UAE-based free zone company. The counterparty is new to Siyaram and lacks marquee status, but the deal diversifies the customer base beyond domestic players.
- How does this compare to Siyaram's recent order wins?
- It follows a ₹1.13 cr order from Anurag Impex and a ₹2.64 cr order from Saanvi Metal Craft earlier this year, both domestic. This is the first from an international buyer.
- What is the execution timeline?
- The fixed-price contract for brass billets must be delivered within seven days. This suggests immediate revenue recognition in the current quarter.
Siyaram Recycling Industries Ltd.
Latest quarter · Mar 2026
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All notes on SIYARAM →- 11 Jun 2026 · 11:04 AM IST Siyaram lands its first export order, worth ₹1.77 cr
- 2d ago Siyaram Recycling bags ₹1.13 cr order, a big deal for a tiny company
- 15d ago Mukul Agrawal nears total exit from Siyaram Recycling
- 20d ago Siyaram Recycling lands ₹2.64 cr brass scrap order from Saanvi Metal Craft