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Siyaram Recycling Industries (BSE 544047)₹35.07+1.80%Other Industrial Products
In the Mar 2026 quarter (standalone), Siyaram Recycling Industries reported sales of ₹151 Cr, down 43.6% from Mar 2025, and net profit of ₹1.01 Cr, down 85.6% year on year. For the year to Mar 2026, sales were ₹363 Cr and net profit ₹4.01 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 276 | 216 | 199 | 247 | 267 | 213 | 151 |
| Expenses | 269 | 204 | 190 | 230 | 252 | 201 | 142 |
| Operating Profit | 5.01 | 10.04 | 7.02 | 14.04 | 13.04 | 9.02 | 8.02 |
| OPM % | 1.8% | 4.6% | 3.6% | 6.0% | 4.9% | 4.5% | 5.0% |
| Other Income | 2.99 | 0.00 | 0.99 | 0.99 | 1.99 | 0.99 | 0.00 |
| Interest | 3.01 | 3.01 | 4.01 | 4.01 | 4.01 | 4.01 | 6.01 |
| Depreciation | 1.99 | 0.99 | 0.00 | 0.99 | 0.00 | 0.99 | 0.99 |
| Profit before tax | 3.01 | 6.01 | 4.01 | 10.01 | 10.01 | 5.01 | 1.01 |
| Tax % | 147.1% | 25.1% | 27.1% | 25.1% | 32.1% | 35.1% | 30.1% |
| Net Profit | −1.01 | 4.01 | 3.01 | 8.01 | 7.01 | 3.01 | 1.01 |
| EPS (Rs) | −1.03 | 3.09 | 1.75 | 4.11 | 3.17 | 1.42 | 0.34 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 140 | 425 | 493 | 414 | 513 | 363 |
| Expenses | 135 | 416 | 480 | 395 | 483 | 344 |
| Operating Profit | 4.01 | 6.02 | 11.03 | 17.04 | 27.08 | 17.05 |
| OPM % | 2.7% | 1.3% | 2.3% | 4.1% | 5.0% | 4.7% |
| Other Income | 0.99 | 2.99 | 4.98 | 0.99 | 1.99 | 0.99 |
| Interest | 2.01 | 2.01 | 4.01 | 7.01 | 8.01 | 11.02 |
| Depreciation | 0.99 | 1.99 | 1.99 | 0.99 | 0.99 | 1.99 |
| Profit before tax | 2.01 | 4.01 | 10.02 | 10.01 | 20.01 | 6.01 |
| Tax % | 27.0% | 29.1% | 31.1% | 26.1% | 29.1% | 34.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 1.01 | 3.01 | 7.01 | 8.01 | 15.01 | 4.01 |
| EPS (Rs) | 1.04 | 2.34 | 5.21 | 4.02 | 6.71 | 1.75 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 14.06 | 14.06 | 14.06 | 19.09 | 22.08 | 22.10 |
| Reserves | 22.10 | 25.10 | 32.14 | 58.26 | 105 | 109 |
| Borrowings | 29.02 | 28.00 | 67.21 | 59.12 | 76.03 | 114 |
| Other Liabilities | 33.16 | 32.15 | 38.18 | 34.16 | 80.38 | 30.14 |
| Total Liabilities | 98.34 | 99.31 | 152 | 171 | 284 | 275 |
| Fixed Assets | 7.02 | 8.02 | 7.01 | 6.01 | 6.01 | 6.01 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 91.32 | 91.29 | 145 | 165 | 277 | 269 |
| Inventories | 40.02 | 49.06 | 78.05 | 119 | 201 | 204 |
| Trade receivables | 42.98 | 33.99 | 34.97 | 28.98 | 51.02 | 54.95 |
| Cash & equivalents | 0.00 | 1.99 | 0.99 | 0.99 | 0.00 | 0.00 |
| Total Assets | 98.34 | 99.31 | 152 | 171 | 284 | 275 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | 7.01 | 11.02 | −35.04 | −4.01 | −43.11 | −28.05 |
| Cash from investing activity | −2.01 | −2.01 | −1.01 | −1.01 | −3.01 | 0.00 |
| Cash from financing activity | −6.02 | −6.02 | 34.11 | 5.02 | 45.19 | 29.10 |
| Net cash flow | −0.99 | 1.99 | −0.99 | 0.00 | −0.99 | 0.00 |
| Capex | 1.62 | 2.37 | 1.40 | 0.62 | 3.03 | 0.15 |
| Free cash flow | 4.99 | 7.99 | −36.02 | −4.99 | −46.04 | −28.02 |
| CFO / OP % | 178.0% | 192.0% | −261.1% | −9.0% | −138.0% | −153.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 111 | 28 | 25 | 25 | 35 | 54 |
| Inventory days | 120 | 49 | 64 | 118 | 162 | 227 |
| Days payable | 85 | 25 | 21 | 16 | 29 | 25 |
| Cash conversion cycle | 145 | 50 | 66 | 125 | 167 | 255 |
| Working capital days | 113 | 26 | 30 | 58 | 85 | 135 |
| ROCE % | — | 11.0% | 16.0% | 14.0% | 17.0% | 7.0% |
For the Mar 2026 quarter, Siyaram Recycling Industries reported sales of ₹151 Cr, down 43.6% year on year and net profit of ₹1.01 Cr, down 85.6% year on year. The operating margin was 5.0%.
Siyaram Recycling Industries' sales for the year to Mar 2026 were ₹363 Cr.
Net profit for the year to Mar 2026 was ₹4.01 Cr. Earnings per share over the same trailing period were ₹1.75.
Siyaram Recycling Industries reported borrowings of ₹114 Cr at Mar 2026, against cash and equivalents of ₹0 Cr.
Cash from operations was −₹28.05 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹28.02 Cr.