Price
Financials
Standalone, Rs crore| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 275 | 215 | 198 | 246 | 266 | 212 | 150 |
| Expenses | 270 | 205 | 191 | 231 | 253 | 202 | 142 |
| Operating Profit | 5 | 10 | 7 | 14 | 13 | 9 | 8 |
| OPM % | 1.8% | 4.6% | 3.6% | 6% | 4.9% | 4.5% | 5% |
| Other Income | 3 | 0 | 1 | 1 | 2 | 1 | 0 |
| Interest | 3 | 3 | 4 | 4 | 4 | 4 | 6 |
| Depreciation | 2 | 1 | 0 | 1 | 0 | 1 | 1 |
| Profit before tax | 3 | 6 | 4 | 10 | 10 | 5 | 1 |
| Tax % | 147% | 25% | 27% | 25% | 32% | 35% | 30% |
| Net Profit | -1 | 4 | 3 | 8 | 7 | 3 | 1 |
| EPS in Rs | -1.02 | 3.08 | 1.74 | 4.09 | 3.16 | 1.41 | 0.33 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 139 | 423 | 492 | 413 | 511 | 362 |
| Expenses | 135 | 418 | 481 | 396 | 484 | 345 |
| Operating Profit | 4 | 6 | 11 | 17 | 27 | 17 |
| OPM % | 2.7% | 1.3% | 2.3% | 4.1% | 5% | 4.7% |
| Other Income | 1 | 3 | 5 | 1 | 2 | 1 |
| Interest | 2 | 2 | 4 | 7 | 8 | 11 |
| Depreciation | 1 | 2 | 2 | 1 | 1 | 2 |
| Profit before tax | 2 | 4 | 10 | 10 | 20 | 6 |
| Tax % | 27% | 29% | 31% | 26% | 29% | 34% |
| Net Profit | 1 | 3 | 7 | 8 | 15 | 4 |
| EPS in Rs | 1.03 | 2.33 | 5.19 | 4.00 | 6.69 | 1.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 21% | -10% | -29% | ||
| Compounded Profit Growth | % | 22% | -19% | -74% | ||
| Stock Price CAGR | % | % | % | -66% | ||
| Return on Equity | % | 10% | 9% | 3% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 19 | 22 | 22 |
| Reserves | 22 | 25 | 32 | 58 | 105 | 108 |
| 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 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 91 | 91 | 144 | 164 | 276 | 268 |
| Total Assets | 98 | 99 | 151 | 170 | 283 | 274 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 7 | 11 | -35 | -4 | -43 | -28 |
| Cash from Investing Activity | -2 | -2 | -1 | -1 | -3 | -0 |
| Cash from Financing Activity | -6 | -6 | 34 | 5 | 45 | 29 |
| Net Cash Flow | -1 | 2 | -1 | -0 | -1 | 0 |
| Free Cash Flow | 5 | 8 | -36 | -5 | -46 | -28 |
| CFO/OP | 178% | 192% | -261% | -9% | -138% | -153% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 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 |
| ROCE % | 11% | 16% | 14% | 17% | 7% |
| Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters | 70.55% | 70.82% | 70.87% | 61.13% | 61.17% | 58.84% | 51.12% |
| FIIs | 4.39% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 6.34% | 2.21% | 1.68% | 2.21% | 1.76% | 0.83% | 0.06% |
| Public | 18.73% | 25.78% | 27.46% | 36.65% | 37.08% | 40.33% | 48.83% |
| No. of Shareholders | 836 | 919 | 1,227 | 1,309 | 1,381 | 1,633 | 2,037 |
Fundamentals
Market Cap₹ 80.1 Cr.
Current Price₹ 36.8
Stock P/E21.1
Book Value₹ 59.7
ROCE7.34 %
ROE2.95 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-29%
Compounded Profit Growth (TTM)-74%
Standalone figures.
Valuation
Market capRs 47 Cr
Enterprise valueRs 73 Cr
P/E (TTM)14.59x
Price to book1.21x
Price to sales0.11x
EV / EBITDA8.38x
EV / EBIT10.53x
EV / sales0.17x
Price to cash flow4.44x
Earnings yield6.85%
Profitability
Operating margin (excl. other income)1.30%
Operating margin (incl. other income)2.06%
EBITDA margin2.06%
Pre-tax margin1.06%
Net profit margin0.76%
ROE8.67%
ROCE10.53%
ROA3.27%
ROIC (approx.)7.65%
Tax rate28.51%
Other income / net worth8.28%
Growth
Sales growth (latest year)205.38%
Profit growth (latest year)126.76%
Per share
EPS (TTM)Rs 2.33
EPS (latest year)Rs 2.33
Book value per shareRs 28.08
Sales per shareRs 306.50
Cash flow per shareRs 7.66
Free cash flow per shareRs -20.28
Efficiency
Asset turnover4.29x
Fixed asset turnover55.97x
Inventory turnover8.01x
Inventory days46 days
Debtor days29 days
Debtors turnover12.59x
Creditor days26 days
Cash conversion cycle255 days
Working capital days136 days
Leverage
Total debtRs 28 Cr
Cash and bankRs 2 Cr
Net debtRs 26 Cr
Debt to equity0.73x
Net debt / EBITDA2.99x
Interest coverage2.83x
Owners' fund to total sources39.35%
Debt to assets28.63%
Cash flow
Cash from Operating Activity (latest year)Rs 11 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs -6 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs -28 Cr
FCFE (approx.: FCF + change in debt)Rs -29 Cr
Cash from ops / profit, 5 years-2.68x
Sales to cash flow39.99x
Statement figures
Net sales (TTM)Rs 423 Cr
Net sales (latest year)Rs 423 Cr
Operating profit excl. other income (latest year)Rs 6 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 9 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Depreciation (TTM)Rs 2 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 396 Cr
Total expenditure (latest year)Rs 418 Cr
Total income (latest year)Rs 426 Cr
Share capitalRs 14 Cr
ReservesRs 25 Cr
Shareholders' fundsRs 39 Cr
Total assetsRs 99 Cr
Net blockRs 8 Cr
ReceivablesRs 34 Cr
InventoryRs 49 Cr
Other liabilitiesRs 32 Cr
Shares outstanding (crore)1.38
Ownership
Promoter holding51.12% (-19.75 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 544047 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.7% | -2.8% | +3.5 pts |
| 1 month | -5.7% | -6.8% | +1.1 pts |
| 3 months | -8.0% | -7.6% | -0.3 pts |
Red flags
F-score 7 of 8| look | Profit leans on other income Other income was 71% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹150 Cr -24.2% vs Mar 2024.
Net profit ₹1 Cr -66.7%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Siyaram Recycling Industries Ltd?
Siyaram Recycling Industries Ltd (544047) has a market capitalisation of Rs 80.1 Cr. at the 2026-10-01 close.
What is the P/E ratio of Siyaram Recycling Industries Ltd?
Siyaram Recycling Industries Ltd trades at a P/E of 21.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Siyaram Recycling Industries Ltd's latest quarterly results?
In the Mar 2026 quarter, Siyaram Recycling Industries Ltd sales was Rs 150 Cr (-24.2% vs Mar 2024) and net profit was Rs 1 Cr.