Siyaram Recycling Industries Ltd
Siyaram Recycling Industries Ltd (SIYARAM) last reported results for the quarter ended Mar 2026, with sales of ₹150 crore and net profit of ₹1 crore. The stock last traded at ₹34.5, a market capitalisation of ₹75.2 crore, on a P/E of 19.8. Over the past 52 weeks the stock has ranged between ₹32 and ₹108. Figures are as of 6 Oct 2026 and are not real time.
Siyaram Recycling Industries Ltd share price and key metrics
- Current price
- ₹34.5
- Market cap
- ₹75.2 cr
- Stock P/E
- 19.8
- Book value
- ₹59.7
- ROE
- 2.95%
- ROCE
- 7.34%
- Dividend yield
- 0.00%
- 52w high / low
- 108/32.0
Metrics as of 6 Oct 2026. Not real time.
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Siyaram Recycling Industries Ltd growth and returns
- 10 Years
- %
- 5 Years
- 21%
- 3 Years
- -10%
- TTM
- -29%
- 10 Years
- %
- 5 Years
- 22%
- 3 Years
- -19%
- TTM
- -74%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- 1 Year
- -65%
- 10 Years
- %
- 5 Years
- 10%
- 3 Years
- 9%
- Last Year
- 3%
Siyaram Recycling Industries Ltd quarterly results
In the quarter ended Mar 2026, sales were ₹150 cr, down 43.6% from ₹266 cr a year earlier. Net profit was ₹1 cr, down 85.7% year on year.
| ₹ crore | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 275 | 215 | 198 | 246 | 266 | 212 | 150 |
| Expenses | 270 | 205 | 191 | 231 | 253 | 202 | 142 |
| Operating profit | 5 | 10 | 7 | 14 | 13 | 9 | 8 |
| OPM % | 1.8% | 4.6% | 3.6% | 6% | 4.9% | 4.5% | 5% |
| Other income | 3 | 0 | 1 | 1 | 2 | 1 | 0 |
| Interest | 3 | 3 | 4 | 4 | 4 | 4 | 6 |
| Depreciation | 2 | 1 | 0 | 1 | 0 | 1 | 1 |
| Profit before tax | 3 | 6 | 4 | 10 | 10 | 5 | 1 |
| Tax % | 147% | 25% | 27% | 25% | 32% | 35% | 30% |
| Net profit | -1 | 4 | 3 | 8 | 7 | 3 | 1 |
| EPS (₹) | -1.02 | 3.08 | 1.74 | 4.09 | 3.16 | 1.41 | 0.33 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Siyaram Recycling Industries Ltd annual results
| ₹ crore | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 139 | 423 | 492 | 413 | 511 | 362 |
| Operating profit | 4 | 6 | 11 | 17 | 27 | 17 |
| OPM % | 2.7% | 1.3% | 2.3% | 4.1% | 5% | 4.7% |
| Net profit | 1 | 3 | 7 | 8 | 15 | 4 |
| EPS (₹) | 1.03 | 2.33 | 5.19 | 4.00 | 6.69 | 1.74 |
TTM is the trailing twelve months to the most recent quarter.
Siyaram Recycling Industries Ltd balance sheet
| ₹ crore | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 14 | 14 | 14 | 19 | 22 | 22 |
| Reserves | 22 | 25 | 32 | 58 | 105 | 108 |
| Borrowings | 29 | 28 | 67 | 59 | 76 | 114 |
| Other liabilities | 33 | 32 | 38 | 34 | 80 | 30 |
| Total liabilities | 98 | 99 | 151 | 170 | 283 | 274 |
| Fixed assets | 7 | 8 | 7 | 6 | 8 | 6 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 91 | 91 | 144 | 164 | 276 | 268 |
| Total assets | 98 | 99 | 151 | 170 | 283 | 274 |
As reported by the company. Total assets equal total liabilities by construction.
Siyaram Recycling Industries Ltd cash flow
| ₹ crore | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 7 | 11 | -35 | -4 | -43 | -28 |
| Cash from investing | -2 | -2 | -1 | -1 | -3 | -0 |
| Cash from financing | -6 | -6 | 34 | 5 | 45 | 29 |
| Net cash flow | -1 | 2 | -1 | -0 | -1 | 0 |
| Free cash flow | 5 | 8 | -36 | -5 | -46 | -28 |
| CFO / operating profit | 178% | 192% | -261% | -9% | -138% | -153% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Siyaram Recycling Industries Ltd operating ratios
| Per year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| ROCE % | — | 11% | 16% | 14% | 17% | 7% |
| Debtor days | 112 | 29 | 26 | 26 | 36 | 55 |
| Inventory days | 119 | 48 | 63 | 117 | 161 | 226 |
| Days payable | 86 | 26 | 22 | 17 | 30 | 26 |
| Cash conversion cycle | 145 | 50 | 66 | 125 | 167 | 255 |
| Working capital days | 114 | 27 | 31 | 59 | 86 | 136 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Siyaram Recycling Industries Ltd shareholding pattern
Promoters held 51.12% at Mar 2026, down from 70.87% at Sep 2024. FIIs 0.00% and DIIs 0.06%.
| % held | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Promoters | 70.55% | 70.82% | 70.87% | 61.13% | 61.17% | 58.84% | 51.12% |
| FIIs | 4.39% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 6.34% | 2.21% | 1.68% | 2.21% | 1.76% | 0.83% | 0.06% |
| Public | 18.73% | 25.78% | 27.46% | 36.65% | 37.08% | 40.33% | 48.83% |
| No. of shareholders | 836 | 919 | 1,227 | 1,309 | 1,381 | 1,633 | 2,037 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Siyaram Recycling Industries Ltd corporate filings
- Attached Compliance Certificate for quarter ended 30th September, 2026Company Updatelow impact
- Siyaram Recycling Industries Ltd secures a Rs. 2.02 crore order from Green Metals FZCO, Dubai, indicating active international business developmentCompany Updatemedium impact
Cruxal's analysis: Siyaram Recycling Industries Ltd has announced the receipt of a significant order worth…
Read the full analysis - Siyaram Recycling Industries Ltd. Reappoints Key Directors for 5-Year Terms, Signaling Continuity in LeadershipCompany Updatemedium impact
Cruxal's analysis: Siyaram Recycling Industries Ltd. announced the reappointment of its Managing Director…
Read the full analysis - Corporate Governance & Shareholder Approvals Confirmed in 20th AGM of Siyaram Recycling Industries LtdAGM/EGMmedium impact
Cruxal's analysis: The company has successfully conducted its 20th AGM on 30th September 2026, with all…
Read the full analysis - Siyaram Recycling Industries Limited holds 20th AGM; no immediate financial disclosures or strategic updates reportedAGM/EGMlow impact
Cruxal's analysis: Siyaram Recycling Industries Limited conducted its 20th Annual General Meeting on 30th…
Read the full analysis - Siyaram Recycling Industries Ltd releases press release dated 29th September 2026Company Updatelow impact
Cruxal's analysis: Siyaram Recycling Industries Ltd has filed a press release dated 29th September 2026…
Read the full analysis - Attached Intimation for Closure of Trading Window for the Half year ended 30th September, 2026Insider Trading / SASTlow impact
- Siyaram Recycling Industries secures domestic order for Brass Ingots worth INR 2.19 croreCompany Updatemedium impact
Cruxal's analysis: Siyaram Recycling Industries Ltd has announced a new domestic order from Metal Scrap…
Read the full analysis - Siyaram Recycling Industries Limited Announces 20th Annual General Meeting for September 30, 2026AGM/EGMlow impact
Cruxal's analysis: Siyaram Recycling Industries Limited has issued a formal notice for its 20th Annual…
Read the full analysis - Siyaram Recycling Industries Limited Announces 20th Annual General Meeting and Re-appointment of Key Managerial PersonnelAGM/EGMhigh impact
Cruxal's analysis: Siyaram Recycling Industries Limited has scheduled its 20th Annual General Meeting for…
Read the full analysis - Siyaram Recycling Industries Ltd releases 20th Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Siyaram Recycling Industries has filed its 20th Annual Report for the financial year…
Read the full analysis - Siyaram Recycling Industries Ltd increases authorized share capital following shareholder approvalCompany Updatelow impact
Cruxal's analysis: The company has formally amended its Memorandum and Articles of Association to reflect an…
Read the full analysis - Siyaram Recycling Industries Limited shareholders approve increase in authorized share capitalAGM/EGMlow impact
Cruxal's analysis: Siyaram Recycling Industries Limited has received shareholder approval via postal ballot…
Read the full analysis - Siyaram Recycling Industries Limited Receives Shareholder Approval to Increase Authorised Share CapitalAGM/EGMlow impact
Cruxal's analysis: Siyaram Recycling Industries Limited has successfully passed an ordinary resolution via…
Read the full analysis - Siyaram Recycling Industries Limited Receives Shareholder Approval to Increase Authorised Share CapitalAGM/EGMlow impact
Cruxal's analysis: Siyaram Recycling Industries Limited has successfully passed an ordinary resolution via…
Read the full analysis - Siyaram Recycling Industries Limited shareholders approve increase in authorized share capitalAGM/EGMlow impact
Cruxal's analysis: Siyaram Recycling Industries Limited has successfully passed an ordinary resolution via…
Read the full analysis - Siyaram Recycling Industries secures domestic order worth 3 crore 18 lakh 60 thousand for Brass Scrap HoneyCompany Updatemedium impact
Cruxal's analysis: Siyaram Recycling Industries Ltd has secured a domestic fixed-cost order from Sahjanand…
Read the full analysis - Siyaram Recycling Industries secures domestic order worth 2.47 crore for Brass Meter bodiesCompany Updatemedium impact
Cruxal's analysis: Siyaram Recycling Industries Ltd has announced a new domestic order from Sahjanand Impex…
Read the full analysis - Siyaram Recycling Industries Limited Announces Re-appointment of Key Management PersonnelCompany Updatelow impact
Cruxal's analysis: Siyaram Recycling Industries Limited has formally announced the re-appointment of Mr…
Read the full analysis - Siyaram Recycling Industries Announces Board Reappointments and Schedules 20th Annual General MeetingOtherslow impact
Cruxal's analysis: Siyaram Recycling Industries Limited has announced the reappointment of Mr. Bhavesh…
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