Siyaram Recycling stock jumps 5% after securing 3 orders from Supreme Industries and more

Synopsis: Siyaram Recycling Industries Ltd shares rose 4.8% after securing three domestic orders worth Rs. 2.4 crore from Charbhuja Impex, Usha International, and Supreme Industries to be executed within six months.

The shares of this company are engaged in segregating brass scrap and producing brass ingots, billets, rods and a range of brass‑based plumbing and sanitary components are in the spotlight after it rose by nearly by 5% after securing three orders.

With a market capitalisation of Rs. 123 cr, the shares of Siyaram Recycling Industries Ltd closed at Rs. 56.69 per share, jumping 4.8% in today’s market session, from its previous close of Rs. 54.09 per share. 

The stock has seen a 59% decline over the past year, a 47% drop in the last six months, a modest 4% gain year-to-date, and an 8% rise over the past month. As of Q2FY26, Ace Investor Mukul Agrawal held 10.10% stake in the company.

About the orders

Siyaram Recycling Industries Ltd has secured three domestic fixed-cost orders. It has secured a substantial order from Charbhuja Impex for Brass Scrap Honey, with a total value of Rs. 1.88 crore. The order is a fixed-cost contract to be completed within six months. It is a domestic order, with no involvement of promoters or group companies in the entity awarding the contract, and it is not a related party transaction.

Secondly, it has secured a domestic fixed-cost order from Usha International Limited worth Rs. 34.05 lakh. The order includes the supply of front connector brass-HNC, chuck nut, tank connectors with/without cover and chuck nut, and water inlet/outlet connectors. The contract is to be executed within six months. 

Lastly, it has also received a domestic fixed-cost order from the Supreme Industries Limited worth Rs. 17.49 lakh. The order involves the supply of 1,610,560 Female Insert 1/2″ CPVC/AQUA ThreaD Topper and is to be executed within six months. The total of these orders is Rs. 2.4 crore. 

Siyaram Recycling Industries Ltd is an Indian metals recycling and manufacturing company based in Jamnagar, Gujarat, primarily engaged in segregating brass scrap and producing brass ingots, billets, rods and a range of brass‑based plumbing and sanitary components.

The company shows a ROCE of 16.6% and ROE of 14.3%, with a debt-to-equity ratio of 0.82. Its stock P/E of 12.4 is well below the industry P/E of 26.2, and a PEG ratio of 0.19 suggests undervaluation relative to growth. It has delivered 66% compounded profit growth over the last 3 years.

Sales of the company declined from Rs. 266 cr in H2FY25 to Rs. 212 in H1FY26. Operating profit fell to Rs. 9 cr from Rs. 13 cr. Net profit also declined from Rs. 7 cr to Rs. 3 cr over the same period.

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