Siyaram Recycling lands ₹3.21 cr order, its largest from Anurag Impex
The domestic fixed-price deal represents 4.27% of market cap and is the third contract from the same buyer this year, signalling deepening ties.
— 5 earlier stories on Siyaram Recycling Industries Ltd. →What's new
- Secured a ₹3.21 crore order from Anurag Impex for brass scrap honey.
- Largest single order from this buyer, following ₹1.13 cr and ₹1.97 cr orders earlier in 2026.
- Delivery within seven days adds near-term cash flow certainty.
Why this matters
For a ₹74 cr market cap company, a ₹3.21 cr order is material. The repeat business from the same counterparty provides revenue visibility and suggests a deepening relationship, which is more valuable than a one-off win.
What we're watching
- Whether Siyaram can scale up orders from other counterparties beyond Anurag Impex.
- Execution within the tight seven-day delivery window.
- Any further orders from export or other domestic buyers.
The full read
Siyaram Recycling has landed its third order this year from Anurag Impex, this one the largest at ₹3.21 crore, worth 4.27% of the company's ₹74 crore market cap. The domestic fixed-price deal requires delivery within seven days, which locks in near-term cash flow. Two smaller orders of ₹1.13 crore and ₹1.97 crore preceded it. For a nano-cap, repeat business from the same counterparty is more valuable than a one-off win – it lowers selling costs and builds trust. The order is small by absolute standards but material at Siyaram's scale. The seven-day delivery timeline adds certainty. The open question is whether the company can broaden its customer base beyond Anurag Impex. That would reduce dependence and signal scalable operations.
Questions answered
- How does this order compare to previous ones from Anurag Impex?
- It is the largest this year at ₹3.21 cr, versus ₹1.13 cr and ₹1.97 cr earlier in 2026.
- What is the delivery timeline?
- The order is a fixed-price domestic deal with delivery required within seven days, providing quick cash conversion.
- How significant is this order relative to company size?
- At approximately 4.27% of Siyaram's ₹74 cr market cap, it exceeds the 1% materiality threshold for nano-cap entities and provides immediate revenue visibility.
- Is the order export or domestic?
- It is a domestic contract with Anurag Impex, unlike the recent export orders from Green Metals FZCO in the UAE.
- What does repeat business from Anurag Impex signal?
- It indicates a deepening relationship and reduces customer acquisition costs. Three orders in six months suggest the counterparty values Siyaram's supply reliability and pricing.
Siyaram Recycling Industries Ltd.
Latest quarter · Mar 2026
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All notes on SIYARAM →- 18 Jun 2026 · 11:34 AM IST Siyaram Recycling lands ₹3.21 cr order, its largest from Anurag Impex
- 1d ago Siyaram Recycling lands second export order from UAE buyer, value doubles
- 7d ago Siyaram lands its first export order, worth ₹1.77 cr
- 9d ago Siyaram Recycling bags ₹1.13 cr order, a big deal for a tiny company
- 22d ago Mukul Agrawal nears total exit from Siyaram Recycling