Siyaram Recycling lands ₹2.64 cr brass scrap order from Saanvi Metal Craft
The nano-cap's first material order in a while arrives as earnings dip. The deal is small but not trivial.
— 2 earlier stories on Siyaram Recycling Industries Ltd. →What's new
- Siyaram Recycling secured a ₹2.64 crore order from Saanvi Metal Craft for brass scrap honey.
- The deal is fixed-price and must be delivered within seven days.
- At ₹77 crore market cap, the order equals about 3.4% of equity value.
Why this matters
For a nano-cap with a ₹77 crore market cap and fluctuating earnings, a ₹2.64 crore order is material. It represents 3.4% of equity value, well above the 1% threshold that triggers mandatory disclosure. The seven-day execution window means the revenue hits the next quarter almost immediately.
What we're watching
- Whether this order is a one-off or signals a steadier pipeline.
- Q4 margins after this quick-turn, fixed-price deal.
- Saanvi Metal Craft as a recurring counterparty.
The full read
Siyaram Recycling Industries, a ₹77 crore nano-cap, has locked in a ₹2.64 crore order for brass scrap honey from Saanvi Metal Craft. The fixed-price deal requires delivery within seven days, putting the revenue almost straight into the next quarterly print. At 3.4% of market capitalisation, the order clears the materiality threshold for mandatory disclosure. The counterparty is a domestic trading house without a big-name pedigree, and the filing offers no history of prior business between them. For a company with fluctuating earnings and a small revenue base, even a single-digit percentage order moves the needle. The seven-day execution window is tight, but it also means this isn't a long-lead promise. It's near-cash.
Questions answered
- Why is a ₹2.64 crore order significant for Siyaram Recycling?
- The company has a market capitalisation of just ₹77 crore. The order equals 3.4% of that equity value, crossing the materiality threshold for mandatory disclosure for nano-cap firms.
- What are the terms of the deal?
- It is a fixed-price contract for brass scrap honey from Saanvi Metal Craft. Delivery is required within seven days, meaning the revenue should recognise in the current quarter.
- Is Saanvi Metal Craft a major customer?
- The rationale describes it as a domestic trading entity without marquee status. The filing gives no history of prior business between the two.
- How does this fit the company's recent earnings trend?
- The filing notes Siyaram is navigating a period of reduced earnings. This order adds to the near-term revenue pipeline during that downturn.
Story so far
All notes on SIYARAM →- 22 May 2026 · 10:50 AM IST Siyaram Recycling lands ₹2.64 cr brass scrap order from Saanvi Metal Craft
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