Mukul Agrawal holds 10.10% stake: Brass billets manufacturer receives order worth Rs 1,68,10,000 from H K Impex

Siyaram Recycling Industries Ltd has received a significant domestic order from H K IMPEX for Brass Scrap Honey, valued at Rs 1,68,10,000. The contract is based on a fixed-cost model and is required to be completed within six months. This order highlights the company's role in the domestic recycling market.

Earlier, the company secured a noteworthy domestic order from Saanvi Metal Craft for Brass Scrap Honey, a transaction valued at Rs 1,40,36,373. The order, which operates on a fixed-cost basis, is required to be fulfilled within a concise timeframe of one month. This contract underscores the company's continued success in securing domestic business and its specialisation in the recycling and supply of brass scrap.

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 16x, 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 over Rs 250 crore and the stock is up by 18.8 per cent from its 52-week low of Rs 101 per share.

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