Mukul Agrawal holds 10.10% stake: Brass billets manufacturer bags orders worth Rs 8,47,40,000 from Charbhuja Impex & Om Guru Impex

Siyaram Recycling Industries Limited has successfully secured significant domestic orders for Brass Scrap Honey, totalling Rs 8,47,40,000. This includes an order worth Rs 6,60,80,000 from Charbhuja Impex and another worth Rs 1,86,50,000 from Om Guru Impex. Both contracts are fixed-cost agreements and are slated for execution within a six-month period, reinforcing the company's position in the recycling industry.

About the Company

Siyaram Recycling Industries Ltd (SRIL), established in 2007 and formerly known as Siyaram Impex Pvt Ltd, operates out of Jamnagar, Gujarat, specialising in the recycling and manufacturing of brass products. Their core business encompasses the meticulous segregation of brass scrap, followed by the production of brass ingots, billets, and brass rods. Beyond these foundational materials, SRIL also manufactures a diverse range of brass-based components, particularly for plumbing and sanitary applications, including brass inserts, ceramic cartridges, valves, and extension nipples, demonstrating a comprehensive vertical integration from raw material processing to finished product manufacturing.

The shares of the company have a PE of 20x, an ROE of 14 per cent and ROCE of 17 per cent. An ace investor, Mukul Agrawal, holds 22,00,000 shares or a 10.10 per cent stake in the company. The company has a market cap of Rs 295 crore and the stock is up by 69 per cent from its 52-week low of Rs 82.35 per share.

Disclaimer: The article is for informational purposes only and not investment advice.