How significant is this order for Siyaram Recycling?

The ₹1.33 crore order is about 1.4% of market cap, crossing the materiality threshold, but only a small fraction of annual revenue. It adds a new customer but does not materially shift top-line expectations.

Who is Saanvi Metal Craft?

The filing does not disclose details about Saanvi Metal Craft, but it is a new counterparty for Siyaram. The order is a domestic fixed-cost contract.

How does this order compare with Siyaram's recent wins?

This is the third order in a week, following ₹98.41 lakh from Micronova and ₹97.70 lakh from Metal Scrap India. All are small, quick-turnaround brass scrap contracts.

What is Siyaram's current market cap and annual revenue?

As per the analyst rationale, Siyaram's market cap is ₹95 crore and its annual revenue is ₹362 crore. The order represents roughly 1.4% of market cap.

Why does this order trigger a mandatory score of 7?

For nano-cap entities, orders above 1% of market cap are considered material. At ₹95 crore market cap, this order is roughly 1.4% of market cap, triggering a score of 7 out of 10.

Order Wins · Metal - Non Ferrous · Micro cap

Siyaram Recycling lands ₹1.33 cr brass scrap order from Saanvi Metal Craft

Fixed-cost domestic contract must be executed within seven days. New counterparty adds diversification, though order is modest against ₹362 cr annual revenue.

— 10 earlier stories on Siyaram Recycling Industries Ltd. →

SIYARAM By Tipsheet Editorial 7 Jul 2026 · 2:01 PM IST Verify on BSE · NSE

Mkt cap₹76.7 cr

P/E20.23×

ROE11.49%

Debt / eq.0.60

₹1.33 cr Order from Saanvi Metal Craft for brass scrap honey

What's new

Siyaram Recycling wins ₹1.33 crore brass scrap honey order from Saanvi Metal Craft
Contract is fixed-cost, domestic, with a seven-day execution window
Order represents roughly 1.4% of market cap, crossing the 1% materiality threshold for nano-cap entities

Why this matters

The order is small relative to Siyaram's ₹362 crore annual revenue and the counterparty lacks marquee status. However, it adds a new customer and provides near-term revenue visibility, contributing to a pattern of steady order wins in July.

What we're watching

Whether Siyaram can sustain a cadence of small orders across new customers
If the company announces larger or longer-duration contracts
Any update on utilisation of the ₹150 cr quarterly revenue capacity

The full read

Siyaram Recycling has picked up ₹1.33 crore in brass scrap honey orders from Saanvi Metal Craft, its third small-ticket win in a week. Modest. The fixed-cost domestic contract must be executed in seven days, providing near-term revenue visibility but little strategic lift given that its annual revenue stands at ₹362 crore. At 1.4% of market cap, the order crosses the materiality threshold for a nano-cap, yet the new counterparty adds diversification even though the order size caps its importance. Siyaram now has seven days to deliver and repeat the pattern that has driven its run of small orders.

Questions answered

How significant is this order for Siyaram Recycling?: The ₹1.33 crore order is about 1.4% of market cap, crossing the materiality threshold, but only a small fraction of annual revenue. It adds a new customer but does not materially shift top-line expectations.
Who is Saanvi Metal Craft?: The filing does not disclose details about Saanvi Metal Craft, but it is a new counterparty for Siyaram. The order is a domestic fixed-cost contract.
How does this order compare with Siyaram's recent wins?: This is the third order in a week, following ₹98.41 lakh from Micronova and ₹97.70 lakh from Metal Scrap India. All are small, quick-turnaround brass scrap contracts.
What is Siyaram's current market cap and annual revenue?: As per the analyst rationale, Siyaram's market cap is ₹95 crore and its annual revenue is ₹362 crore. The order represents roughly 1.4% of market cap.
Why does this order trigger a mandatory score of 7?: For nano-cap entities, orders above 1% of market cap are considered material. At ₹95 crore market cap, this order is roughly 1.4% of market cap, triggering a score of 7 out of 10.

Mentioned: Saanvi Metal Craft · ₹1.33 crore

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Siyaram Recycling Industries Ltd.

Metals

₹95 cr

P/E 25.09×

Latest quarter · Mar 2026

Sales₹150 cr

Net profit₹1 cr

Op. margin+5.1%

EPS₹0.33

Strength & growth

Debt / equity0.60×

Current ratio1.81×

Story so far

All notes on SIYARAM →

7 Jul 2026 · 2:01 PM IST Siyaram Recycling lands ₹1.33 cr brass scrap order from Saanvi Metal Craft
4d ago Siyaram Recycling lands ₹98.41 lakh brass scrap order from Micronova
8d ago Siyaram Recycling wins ₹97.70 lakh brass scrap order from Metal Scrap India
9d ago Siyaram Recycling lands ₹81.66 lakh Supreme Industries order
20d ago Siyaram lands ₹5.99 cr Supreme Industries order, fourth win this month