544047
Siyaram financials
- Market cap
- ₹76 Cr
- Sector
- Capital Goods
What Siyaram does
Siyaram Recycling Industries is engaged in segregating brass scrap and manufacturing brass ingots, billets and rods, which are further processed into brass-based components such as inserts, ceramic cartridges (spindles), valves and extension nipples used in plumbing and sanitary fittings. The company sources brass scrap internationally, including from the USA, Europe and the Middle East, and sells its brass ingots, billets, rods and finished components in both domestic and international markets.
Segments
- Brass scrap segregation
- Brass ingots, billets & rods
- Brass-based components
- Business lines
- 3 (scrap segregation, ingot/billet/rod manufacturing, brass component manufacturing)
- Brass component types manufactured
- Inserts, ceramic cartridges (spindles), valves, extension nipples
- International scrap sourcing regions
- USA, Europe, Middle East
Quarterly results
Q4 FY26: revenue down 24.2%, net profit down 66.7% against the same quarter last year.
| Line item | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 275 | 215 | 198 | 246 | 266 −3% | 212 −1% | 150 −24% |
| EBITDA | 5 | 10 | 7 | 14 | 13 +160% | 9 −10% | 8 +14% |
| Net profit | -1 | 4 | 3 | 8 | 7 +800% | 3 −25% | 1 −67% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −67.4% 1Y
1Y: ₹108.45 on 10 Sept 2025 → ₹35.33. High ₹116.65 (18 Sept 2025), low ₹32.57 (30 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹19 Cr | ₹22 Cr | ₹22 Cr |
| Reserves | ₹22 Cr | ₹25 Cr | ₹32 Cr | ₹58 Cr | ₹108 Cr | ₹108 Cr |
| Borrowings | ₹29 Cr | ₹28 Cr | ₹67 Cr | ₹59 Cr | ₹107 Cr | ₹114 Cr |
| Other liabilities | ₹33 Cr | ₹32 Cr | ₹38 Cr | ₹34 Cr | ₹53 Cr | ₹30 Cr |
| Total liabilities | ₹98 Cr | ₹99 Cr | ₹151 Cr | ₹170 Cr | ₹290 Cr | ₹274 Cr |
| Fixed assets | ₹7 Cr | ₹8 Cr | ₹7 Cr | ₹6 Cr | ₹7 Cr | ₹6 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹91 Cr | ₹91 Cr | ₹144 Cr | ₹164 Cr | ₹283 Cr | ₹268 Cr |
| Total assets | ₹98 Cr | ₹99 Cr | ₹151 Cr | ₹170 Cr | ₹290 Cr | ₹274 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, the public added +11.75 pp while promoters trimmed −10.05 pp. The shareholder count grew 48% to 2,037.
- Promoters
- 51.1%
- DIIs
- 0.1%
- Public
- 48.8%
Since Mar 2025
- Public +11.75 pp
- Promoters −10.05 pp
- DIIs −1.70 pp
How it drifted, 7 quarters
Over this window the public went from 18.7% to 48.8% — +30.1 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 70.5%, FIIs 4.4%, DIIs 6.3%, Public 18.7%.Mar '24: Promoters 70.8%, FIIs 1.2%, DIIs 2.2%, Public 25.8%.Sep '24: Promoters 70.9%, DIIs 1.7%, Public 27.5%.Dec '24: Promoters 61.1%, DIIs 2.2%, Public 36.6%.Mar '25: Promoters 61.2%, DIIs 1.8%, Public 37.1%.Sep '25: Promoters 58.8%, DIIs 0.8%, Public 40.3%.Mar '26: Promoters 51.1%, DIIs 0.1%, Public 48.8%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ramgopal Ochhavlal Maheshwari +0.33 pp 2.71% held
- Bhavesh Ramgopal Maheshwari +0.07 pp 1.03% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Siyaram above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Dwarkadhish Venture Private Limited | 46.90% | −8.14 pp |
| Mukul Mahavir Agrawal | 9.64% | −0.46 pp |
| Ramgopal Ochhavlal Maheshwari | 2.71% | +0.33 pp |
| Bhavesh Ramgopal Maheshwari | 1.03% | +0.07 pp |
| Value Prolific Consulting Services Pvt Ltd | 1.01% | unchanged |
| Madhuben Ramgopal Maheshwari | 0.21% | unchanged |
| Megha Bhavesh Maheshwari | 0.18% | unchanged |
| Market Maker Unclassified | 0.06% | unchanged |
| Maheshwari Ramgopal Ochha Vlal . | 0.05% | unchanged |
| Bhavesh Ramgopal Maheshwari (Huf) . | 0.05% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Siyaram
Guides on how to read this kind of business and the numbers that matter.