Shares of this micro-cap stock held by Mukul Agrawal, engaged in segregating brass scrap, manufacturing brass ingots, billets, and brass rods is drawing investor attention after the company secured a $606,000 export order from a Based company to export Brass Billets to China.
Price Movement
During Thursday’s trading session, Siyaram Recycling Industries Ltd share price hit an intraday high of Rs.132.05 per share, down 1.2 percent from the previous close of Rs.133.70 per share. Over the past five years, the stock has delivered 120 percent returns.
Contract Specifications
Siyaram Recycling Industries Ltd has recently secured a notable international contract from M/s. AL QARYAN INTERNATIONAL DMCC, based in Dubai, UAE, for the export of 100 tons of brass billets to China. The order is valued at approximately USD 606,000 (INR 5.30 Crore) and is expected to be completed within 45 days.
This achievement not only enhances the company’s global presence but also underscores its growing role in the international trade of brass products. The successful execution of this order is likely to strengthen Siyaram’s position in the global market and open doors for future business opportunities.
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Business Operations
Siyaram Recycling Industries Ltd specializes in the production of brass components, which are extensively used in plumbing fixtures, hardware, and electrical components. The company’s main activities include segregating brass scrap, manufacturing brass ingots, billets, and brass rods, and producing brass-based components.
The company places a strong emphasis on delivering high-quality products while ensuring customer satisfaction and meeting delivery timelines. With globally accredited production capabilities, Siyaram demonstrates its commitment to maintaining industrial precision and adhering to international standards.
Financial Performance
According to its recent financial updates, Siyaram Recycling Industries Ltd reported consolidated revenue of Rs.246 crores in H1 FY25, marking a 15 percent increase from Rs.215 crores in H1 FY24. Additionally, the company saw a substantial surge in net profit to Rs.8 crores, rising 100 percent from Rs.4 crores in the same period last year.
Important Accounting Ratios
The company has a Return on Capital Employed (ROCE) of 14.13 percent and a Return on Equity (ROE) of 12.98 percent. Its Price-to-Earnings (P/E) ratio stands at 38.75, higher than the industry average of 33.12. Furthermore, the company maintains a current ratio of 4.54, and a debt-to-equity ratio of 0.84.
Shareholding Pattern
As of December 2024, the shareholding pattern of Siyaram Recycling Industries Ltd shows that promoters hold 61.13 percent stake, while Domestic Institutional Investors hold 2.21 percent, and Retail Investors hold 36.65 percent stake in the company. Ace Investor, Mukul Aggarwal recently purchased a stake in the company and holds 10.10 percent stake.
Written by – Siddesh S Raskar
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