Siyaram Recycling IndustriesShare price, financial results, shareholding and management
- Market cap
- ₹75 cr
- Stock P/E
- 19.8peers 12.5
- Book value
- ₹59.7
- Price to book
- 0.58
- EV / operating profit
- -
- Market cap to sales
- 0.21
- ROCE · FY26
- 7.3%
- ROE · FY26
- 2.9%
- ROE, 3-year average
- 9.8%
- Operating margin · FY26
- 4.7%peers 9.6%
- Sales growth, 3 years
- -9.7%
- Profit growth, 3 years
- -18.5%
- Debt to equity
- 0.88peers 0.75
- Borrowings
- ₹114 cr
- Interest cover
- 1.5×
- Cash from business / op. profit
- -165%
- Debtor days
- 55
- Pledged
- 0.00%
- Promoter holding
- 51.11%
- Change in promoter holding
- -7.73 pts
- Shareholders
- 2,037
- 52-week high / low
- ₹95 / ₹32
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
newboard is reading this company's filings. Its plain description, key points, management and study will appear here soon; the figures below are worked out from what it has filed.
Siyaram Recycling Industries share price chart
Close on 6 Nov 2026 · -0.35% on the day · Vol 27,000
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- +0.3%
- 3 months
- -12.5%
- 6 months
- -17.7%
- 1 year
- -63.7%
- Traded a day, 20 days
- ₹0.18 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | -29% | -74% |
| 3 years, a year | -10% | -19% |
| Latest half, H2 FY26 | -44% | -90% |
Siyaram Recycling Industries revenue and profit growth
Half-yearly results · Profit and lossSales have fallen. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.
SME companies report every six months. In the latest half, sales were lower than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Siyaram Recycling Industries half-yearly results
SME companies report every six months · ₹ crore
| H2FY23 | H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|---|
| Sales | 275 | 215 | 197.93 | 245.67 | 265.89 | 211.85 | 149.84 |
| Expenses | 270 | 205 | 190.80 | 231.49 | 252.98 | 202.43 | 142.24 |
| Operating profit | 5 | 10 | 7.13 | 14.17 | 12.91 | 9.42 | 7.60 |
| OPM | 1.8% | 4.6% | 3.6% | 5.8% | 4.9% | 4.5% | 5.1% |
| Interest | 3 | 3 | 3.69 | 3.54 | 4.16 | 4.44 | 6.18 |
| Depreciation | 2 | 1 | 0.19 | 1.07 | 0.14 | 0.77 | 0.85 |
| Profit before tax | 3 | 6 | 4.47 | 10.25 | 10.16 | 4.76 | 1.02 |
| Net profit | -1 | 4 | 3.28 | 7.68 | 6.89 | 3.08 | 0.71 |
Siyaram Recycling Industries profit and loss
Full years to March, FY21 to FY26 · ₹ crore, consolidated where reported
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Sales | 139 | 423 | 492 | 412.99 | 511.56 | 361.69 |
| Expenses | 135 | 418 | 481 | 395.94 | 484.47 | 344.67 |
| Operating profit | 4 | 6 | 11 | 17.04 | 27.09 | 17.02 |
| OPM | 2.7% | 1.3% | 2.3% | 4.1% | 5.3% | 4.7% |
| Other income | 1 | 3 | 5 | 1.26 | 2.23 | 1.01 |
| Interest | 2 | 2 | 4 | 6.69 | 7.69 | 10.63 |
| Depreciation | 1 | 2 | 2 | 1.46 | 1.21 | 1.62 |
| Exceptional and other items | · | -1 | · | · | · | · |
| Profit before tax | 2 | 4 | 10 | 10.16 | 20.42 | 5.78 |
| Tax rate | 50.0% | 25.0% | 30.0% | 26.0% | 28.6% | 34.4% |
| Net profit | 1 | 3 | 7 | 7.52 | 14.57 | 3.79 |
| EPS ₹ | 1.03 | 2.33 | 5.19 | 4 | · | · |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
The years to FY23 come rounded to the nearest crore in the source.
Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.
Earnings per share is left blank where the source shows zero against a profit.
Siyaram Recycling Industries profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a low return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.7% | 1.3% | 2.3% | 4.1% | 5.3% | 4.7% |
| Tax rate | 50.0% | 25.0% | 30.0% | 26.0% | 28.6% | 34.4% |
| ROCE | · | 9.1% | 15.6% | 13.5% | 16.6% | 7.3% |
| ROE | · | 8.0% | 16.5% | 12.2% | 14.3% | 2.9% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Siyaram Recycling Industries debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown. Its loans are smaller than its own money. Last year the business used more cash than it brought in. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Siyaram Recycling Industries balance sheet
At each 31 March · ₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Equity capital | 14 | 14 | 14 | 19 | 22 | 22 |
| Reserves | 22 | 25 | 32 | 58 | 105 | 108 |
| Net worth | 36 | 39 | 46 | 77 | 127 | 130 |
| 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 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 91 | 91 | 144 | 164 | 275 | 268 |
Siyaram Recycling Industries cash flow
₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| 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 | 3 | -2 | 0 | -1 | 1 |
Working capital
Days
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| 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 |
Siyaram Recycling Industries peers and competitors
Listed SME companies in the same industryBy sales, Siyaram Recycling Industries is number 22 of the 156 listed SME companies in industrial products.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Mangalam Alloys | 92 | 6.3 | 438 | 14.7 | 12.5% | 1.87 |
| Aditya Ultra Steel | 59 | 14.7 | 406 | 4 | 2.7% | 0.77 |
| Swastik Pipe | 39 | - | 386 | -57.6 | -17.4% | 1.02 |
| Injecto Polymers | 197 | 12.3 | 376 | 16 | 10.0% | 2.62 |
| JD Cables | 401 | 12.5 | 365 | 32 | 13.0% | 0.39 |
| Siyaram Recycling Industries | 75 | 19.8 | 362 | 3.8 | 4.7% | 0.88 |
| Megatherm Induction | 481 | 20.3 | 346 | 23.7 | 9.6% | 0.30 |
| Creative Graphics Solutions India | 376 | 20.1 | 346 | 18.8 | 9.7% | 0.73 |
| Newmalayalam Steel | 40 | 5.7 | 320 | 7 | 3.6% | 0.19 |
| Ecoline Exim | 368 | 18.2 | 278 | 20.2 | 8.7% | 0.36 |
| Sharp Chucks and Machines | 115 | 12.5 | 274 | 9.2 | 12.1% | 1.13 |
| Median of the 10 others | 156 | 12.5 | 356 | 15.3 | 9.6% | 0.75 |
Siyaram Recycling Industries shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company, a little less than in the first filing shown. Big foreign and Indian funds own very little. The number of shareholders has grown a lot.
Siyaram Recycling Industries shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Dec 23 | Mar 24 | Sep 24 | Dec 24 | Mar 25 | Sep 25 | Mar 26 | |
|---|---|---|---|---|---|---|---|
| Promoters | 70.55% | 70.82% | 70.87% | 61.13% | 61.17% | 58.84% | 51.11% |
| Foreign investors (FIIs) | 4.39% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | - |
| Indian institutions (DIIs) | 6.34% | 2.21% | 1.68% | 2.21% | 1.76% | 0.83% | - |
| Number of shareholders | 836 | 919 | 1,227 | 1,309 | 1,381 | 1,633 | 2,037 |
Siyaram Recycling Industries latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹150 cr (-44%), net profit ₹0.7 cr (-90%) on H2 FY25.
- Shareholding, 31 March 2026: promoters 58.84% to 51.11%.
- 13 Oct 2026: an order announced.
- 10 Oct 2026: an order announced.
Siyaram Recycling Industries announcements
8 on record, latest first; each opens the filing on the exchange
- Company UpdateAttached herewith Order updates recieved on 12th October,2026PDF ↗
- Company UpdateAttached Compliance Certificate for quarter ended 30th September, 2026PDF ↗
- Company UpdateAttached herewith Order updates receieved today 10th October, 2026PDF ↗
- Company UpdateAttached herewith Intimation for Reappointment of Chairman & Whole Time Director along with Managing Director of the CompanyPDF ↗
- AGM/EGMAttached herewith Scrutinizer report and voting results of the companyPDF ↗
- AGM/EGMAttached herewith Proceedings of 20th Annual General Meeting of Siyaram Recycling Industries LimitedPDF ↗
- Insider Trading / SASTAttached Intimation for Closure of Trading Window for the Half year ended 30th September, 2026PDF ↗
- Company UpdateAttached herewith Intimation under Regulation 30 of SEBI LODR- Awarding of Order updatesPDF ↗
Siyaram Recycling Industries annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Siyaram Recycling Industries share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Siyaram Recycling Industries' data · 8
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (2,17,89,212 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- ✓Earnings per share moves in line with profit across the years shown.
- ✓Revenue and profit are reported for every year shown, FY21 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Siyaram Recycling Industries
What does Siyaram Recycling Industries do?
Siyaram Recycling Industries is an SME company listed on BSE SME, in industrial products.
What is the share price of Siyaram Recycling Industries?
₹34.5 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Siyaram Recycling Industries?
₹75 cr at the close on 6 Nov 2026, on 2,17,89,212 shares.
What is the P/E of Siyaram Recycling Industries?
19.8 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Siyaram Recycling Industries' revenue and profit?
Revenue ₹362 cr and profit after tax ₹4 cr in FY26.
Who are the promoters of Siyaram Recycling Industries?
The promoter group; promoters held 51.11% at 31 March 2026.
What is Siyaram Recycling Industries' website?
www.siyaramindustries.co.in
More SME companies like Siyaram Recycling Industries
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- Marco Cables & ConductorsMARCO · NSE Emerge · Industrial Products · listed 2023Market cap ₹68 cr
Built from 8 exchange announcements, 7 shareholding patterns and 6 years of reported results. Every figure carries its source; where the documents are silent, the page says so.