Siyaram Recycling lands ₹1.97 cr order from Anurag Impex
The nano-cap brass recycler secured a short-cycle contract worth 2.37% of its market value to help stabilize revenue after a 74% profit decline.
— 2 earlier stories on Siyaram Recycling Industries Ltd. →What's new
- Siyaram Recycling signed a fixed-price deal to supply brass scrap honey to Anurag Impex.
- The contract requires delivery within seven days, offering near-term revenue visibility.
- The deal represents 2.37% of the company's ₹83 cr market capitalization.
Why this matters
The order accounts for 0.54% of the company's ₹362 crore annual revenue. It exceeds the 1% materiality threshold for a nano-cap firm, providing a necessary cash flow buffer after a 74% drop in annual profitability.
What we're watching
- Whether the company can sustain this pace of small-ticket wins.
- Any signs of margin improvement in the next quarterly results.
- The ability to secure larger contracts with marquee counterparties.
The full read
Siyaram Recycling is chasing stability. The nano-cap brass recycler just landed a ₹1.97 crore contract from Anurag Impex to supply brass scrap honey. While the deal accounts for only 0.54% of the company's ₹362 crore annual revenue, it is material for a firm with a market capitalization of just ₹83 crore. The seven-day execution window provides immediate cash flow, which is a priority after the company’s annual profit fell 74%. This is a routine transaction that keeps the machines running. The open question is whether these small-ticket contracts can eventually offset the recent downturn in the company's core business.
Questions answered
- How significant is this order for Siyaram Recycling?
- The ₹1.97 crore contract accounts for 0.54% of the company's annual revenue of approximately ₹362 crore. It represents 2.37% of its ₹83 crore market capitalization, crossing the materiality threshold for a nano-cap entity.
- What is the nature of the contract?
- It is a fixed-price domestic agreement to supply brass scrap honey. The deal has a short execution cycle of seven days.
- Why is this order relevant given the company's recent performance?
- The company recently reported a 74% decline in annual profitability. This contract provides immediate revenue visibility as the firm attempts to stabilize its financial position.
- Is Anurag Impex a major counterparty?
- The filing describes it as a non-marquee counterparty. The deal is a routine business transaction.
Story so far
All notes on SIYARAM →- 29 May 2026 · 3:18 PM IST Siyaram Recycling lands ₹1.97 cr order from Anurag Impex
- 3d ago Mukul Agrawal nears total exit from Siyaram Recycling
- 8d ago Siyaram Recycling lands ₹2.64 cr brass scrap order