Siyaram Recycling lands second export order from UAE buyer, value doubles
Nano-cap firm secures $426,000 contract from Green Metals FZCO, double the previous order, with delivery in seven days.
— 4 earlier stories on Siyaram Recycling Industries Ltd. →What's new
- Fresh export order worth USD 426,000 from Green Metals FZCO for brass billets.
- Order value double the previous contract from the same buyer.
- Fixed-price deal with delivery required within seven days.
Why this matters
Repeat business from an international customer signals growing export traction for this nano-cap firm. The order, while small relative to quarterly sales of ₹150 crore, now accounts for 4.8% of market cap, a material event for a company of this size.
What we're watching
- Whether more repeat orders follow from Green Metals or other UAE buyers.
- Execution speed: can the firm deliver within the tight seven-day window?
- Impact on the company's revenue pipeline given recent reduced annual earnings.
The full read
Siyaram Recycling Industries, a nano-cap with a ₹74 crore market cap, has snagged its second export order from UAE-based Green Metals FZCO. This time the order is for USD 4,26,000 (roughly ₹3.54 crore), exactly double the previous USD 2,13,000 contract from the same buyer, and must be delivered within seven days. Repeat business from an international customer is a positive signal, especially after the company posted ₹150 crore in sales last quarter but with a thin net profit of just ₹1 crore. The order, while small in context of quarterly revenue, represents 4.8% of market cap, a material trigger for a firm of this size. It won't transform the earnings profile, but it shows the export channel is gaining traction. On the table now is whether Green Metals becomes a steady buyer.
Questions answered
- How does this order compare to earlier export orders from Siyaram?
- It is the second order from Green Metals FZCO, doubling the previous USD 213,000 order from the same buyer. Prior orders include a ₹1.13 crore order from Anurag Impex in June 2026.
- What is the materiality of this order for the company?
- At USD 426,000 (approximately ₹3.54 crore), the order equals 4.8% of Siyaram's ₹74 crore market cap, exceeding the 1% threshold for nano-cap companies and triggering a mandatory disclosure rule.
- Who is the counterparty Green Metals FZCO?
- Green Metals FZCO is a UAE-based buyer. It is not a marquee brand, but repeat orders indicate a deepening relationship.
- How does this order affect Siyaram's near-term revenue?
- The order provides immediate revenue visibility but is modest against the company's latest quarterly sales of ₹150 crore. It adds to the near-term pipeline during a period of reduced annual earnings.
- What was the rationale behind the high score of 8 given by the analyst?
- The score reflects the order doubling in value from the same international customer, signaling positive export momentum and meeting the materiality threshold for a nano-cap, justifying a score above 7.
Siyaram Recycling Industries Ltd.
Latest quarter · Mar 2026
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All notes on SIYARAM →- 17 Jun 2026 · 11:11 AM IST Siyaram Recycling lands second export order from UAE buyer, value doubles
- 6d ago Siyaram lands its first export order, worth ₹1.77 cr
- 8d ago Siyaram Recycling bags ₹1.13 cr order, a big deal for a tiny company
- 21d ago Mukul Agrawal nears total exit from Siyaram Recycling
- 26d ago Siyaram Recycling lands ₹2.64 cr brass scrap order from Saanvi Metal Craft