Siyaram Recycling lands ₹98.41 lakh brass scrap order from Micronova
The seven-day-execution domestic order is the latest in a string of small-ticket wins for the nano-cap brass recycler, adding near-term revenue visibility.
— 9 earlier stories on Siyaram Recycling Industries Ltd. →What's new
- Siyaram Recycling wins ₹98.41 lakh order for brass scrap honey from Micronova Industries.
- Contract is domestic, fixed cost, and must be executed within seven days.
- This is the fourth publicly disclosed order in as many weeks, following ₹97.70 lakh, ₹81.66 lakh, and ₹5.99 cr wins.
Why this matters
At 1.04% of market cap, the order is material enough to disclose, but it doesn't alter the company's trajectory. The frequency of wins (four in under three weeks) suggests steady near-term cash flows, though none are large enough to meaningfully move revenue for a company with quarterly sales of ₹150 cr.
What we're watching
- Whether Siyaram can sustain this order frequency in coming months.
- Any larger contract that could meaningfully affect revenue.
- Impact of these small orders on the next quarterly cash flow statement.
The full read
Siyaram Recycling has won another small order, this time ₹98.41 lakh from Micronova Industries for brass scrap honey, with execution due in seven days. It is the fourth publicly disclosed win in as many weeks, following ₹97.70 lakh, ₹81.66 lakh, and a ₹5.99 cr order from Supreme Industries. For a nano-cap with ₹150 cr in quarterly sales, none of these are needle-movers. But the frequency (four orders in rapid succession) does suggest the company is actively filling its near-term order book. The counterparty lacks marquee status, and the ticket size is modest. Still, for a company with a ₹77 cr market cap and ₹1 cr net profit in its latest quarter, every bit of cash flow helps. This isn't a breakout. It's steady, small-ticket execution.
Questions answered
- How does this order compare to previous ones in size?
- It is slightly larger than the ₹97.70 lakh and ₹81.66 lakh orders won earlier this month, but much smaller than the ₹5.99 cr order from Supreme Industries on June 20.
- What is the execution timeline?
- The order must be executed within seven days, providing immediate revenue recognition and cash flow.
- Who is the counterparty, Micronova Industries?
- Micronova Industries is the buyer, but the filing does not describe it as a marquee client. The order is domestic and fixed-cost.
- Why is this order considered material for Siyaram?
- At ₹98.41 lakh, it exceeds 1% of Siyaram's ₹77 cr market cap, triggering the materiality threshold for nano-cap entities that mandates disclosure.
- Does this order change the company's earnings outlook?
- No. The order is too small relative to quarterly sales of ₹150 cr to materially alter earnings. It adds to the pipeline but is not a game-changer.
- How many orders has Siyaram announced recently?
- This is the fourth order win in about two weeks, following wins from Metal Scrap India, Supreme Industries (two orders), and now Micronova.
Siyaram Recycling Industries Ltd.
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All notes on SIYARAM →- 6 Jul 2026 · 2:33 PM IST Siyaram Recycling lands ₹98.41 lakh brass scrap order from Micronova
- 4d ago Siyaram Recycling wins ₹97.70 lakh brass scrap order from Metal Scrap India
- 5d ago Siyaram Recycling lands ₹81.66 lakh Supreme Industries order
- 16d ago Siyaram lands ₹5.99 cr Supreme Industries order, fourth win this month
- 18d ago Siyaram Recycling lands ₹3.21 cr order, its largest from Anurag Impex