Siyaram Recycling lands another small brass order from Metal Scrap India
A ₹97.94 lakh order, ~1.11% of market cap, with five-day delivery extends a string of quick-turnaround wins.
— 11 earlier stories on Siyaram Recycling Industries Ltd. →What's new
- Won ₹97.94 lakh fixed-price order from Metal Scrap India for brass scrap, delivery within five days.
- Order crosses the 1% market-cap materiality threshold for nano-cap entities.
- This is the fourth order this month, following wins from Saanvi Metal Craft, Micronova, and a prior Metal Scrap India deal.
Why this matters
Individually, each order is small (roughly 1% of market cap). But four orders in 13 days signal steady demand from small scrap traders, building credibility in repeat business. For a nano-cap at a 20.2x P/E, consistent inflow supports valuations more than any single order would.
What we're watching
- Whether the pace of order wins sustains into August.
- Any follow-up orders from Saanvi or Micronova.
- Q2 revenue contribution from this order cluster.
The full read
Siyaram Recycling has won another brass-scrap order: ₹97.94 lakh from Metal Scrap India, delivery in five days. This is the fourth such order in July, following wins from Saanvi Metal Craft (₹1.33 cr), Micronova (₹98.41 lakh), and a prior Metal Scrap India order (₹97.70 lakh). Individually, each order is small, roughly 1% of market cap. Collectively, they signal steady demand from small scrap traders. For a nano-cap trading at a 20.2x P/E, consistent order flow supports valuations. The next test is whether the pace holds through August.
Questions answered
- How does this order compare with the prior Metal Scrap India order on July 2?
- The previous order was ₹97.70 lakh; this one is ₹97.94 lakh. Both are for brass scrap with similar terms and five-day execution, suggesting consistent demand from the same customer.
- What is the range of order values announced in July?
- The orders range from ₹97.70 lakh to ₹1.33 crore, each worth about 1% of market cap.
- Does this order change the financial outlook for Siyaram Recycling?
- No. The analyst explicitly notes the order does not alter the company's overall financial outlook. It provides near-term cash flow visibility but is modest relative to quarterly sales of around ₹150 crore.
- Why is a 1% market-cap order considered material?
- For nano-cap entities, SEBI guidelines set a 1% market-cap threshold for materiality. This order crosses that bar, triggering mandatory disclosure.
- Who is Metal Scrap India?
- Metal Scrap India is a domestic counterparty in the scrap trading business. It lacks marquee status, indicating it is not a blue-chip customer.
- How typical is this flurry of orders for Siyaram?
- Prior coverage did not show such density. In the first two weeks of July, the company announced four orders after a gap in previous months, suggesting an uptick in business activity.
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All notes on SIYARAM →- 15 Jul 2026 · 12:10 PM IST Siyaram Recycling lands another small brass order from Metal Scrap India
- 8d ago Siyaram Recycling lands ₹1.33 cr brass scrap order from Saanvi Metal Craft
- 9d ago Siyaram Recycling lands ₹98.41 lakh brass scrap order from Micronova
- 13d ago Siyaram Recycling wins ₹97.70 lakh brass scrap order from Metal Scrap India
- 14d ago Siyaram Recycling lands ₹81.66 lakh Supreme Industries order