What we do Siyaram Recycling Industries Ltd specializes in brass scrap segregation, manufacturing brass ingots, billets, rods, and brass plumbing components tailored to customer needs. |
Founded in 2,007 |
Market share Supplies brass ingots to major Indian companies like Astral Limited and Kajaria Bathware, leveraging strong export procurement channels. |
Problem solved Addresses demand for recycled brass materials and precision brass components in plumbing and sanitary sectors. |
Top clients or who we serve B2B customers including leading Indian plumbing and sanitary product manufacturers such as Astral Limited and Kajaria Bathware. |
Key management Bhavesh Ramgopal Maheshwari (Managing Director), Ramgopal Ochhavlal Maheshwari (Chairman & Whole-Time Director). |
Our journey and innovations Incorporated in 2007; renamed and converted to public limited company in 2023; launched IPO raising ₹22.96 Cr; expanded manufacturing capacity. |
Where we operate Primarily India with export markets in USA, UK, Europe, and Middle East. |
Top products or what we offer Brass ingots, billets, rods, and brass-based components like valves, inserts, and cartridges. |
Top brands No specific brands; recognized supplier of brass components to leading industrial clients. |
Raw materials needed Brass scrap sourced mainly from international markets including USA, UK, Europe, and Middle East. |
Raw materials supplier Global suppliers from USA, UK, Europe, and Middle East. |
Recurring vs cyclical contribution Revenue is largely recurring from consistent supply contracts with domestic and export clients. |
Our industry position Growing player in brass scrap recycling and component manufacturing, supplying to reputable Indian companies. |
Financial highlights FY 2024-25 revenue ₹511.56 Cr; net profit ₹14.57 Cr; EPS improved to 6.69 from 4.00 previous year, showing robust growth. |
Geographical revenue split Domestic revenue ₹438.20 Cr (85.7%), Export revenue ₹73.36 Cr (14.3%) for FY 2024-25. |
Order book - |
Whats driving growth Increased capacity, strategic procurement, strong demand for brass products, and effective cost management. |
Our future plans Focus on expanding capacity, operational efficiencies, and exploring further export growth opportunities. |
Our green promise - |
Our people and values Committed to quality, safety, and employee welfare with adherence to regulatory compliances and ethical practices. |
Key challenges ahead Fluctuating raw material prices, regulatory compliance, and competitive scrap recycling market dynamics. |
Interesting facts Successfully converted from private to public company with a recent IPO raising significant capital. |
Risks and strategy Mitigation includes diversified sourcing, strict compliance, cost control, and robust corporate governance. |
