Siyaram Recycling Industries

What Siyaram Recycling Industries does

Siyaram Recycling Industries Ltd is a Jamnagar, Gujarat-based public company (BSE: 544047; IPO December 2023) that converts recycled brass and copper scrap into copper alloy ingots/billets, brass extrusion rods (solid and hollow), brass plumbing and sanitary fittings, and finished bath fittings. Its single Jamnagar facility integrates forging (125 tonne press), extrusion (350 MT and 450 MT presses), CNC machining, and in-house electroplating (nickel, chrome, copper, gold), producing free-cutting brass rods to standards C345, C353, CDA 36000, C3602, C3604, C385, CZ131, CZ124, CZ121 and EN 12164-CW606N/CW603N/CW614N, plus copper alloys meeting IS, BS, JIS, DIN, and ASTM specifications. The company sells primarily to OEM plumbing/sanitary manufacturers, industrial equipment makers, metal traders, and scrap recyclers in India — named enterprise customers include Supreme Industries, Anurag Impex, Charbhuja Impex, Dharma Metalex, and Saanvi Metal Craft — and supplements domestic fixed-cost B2B contracts (order sizes Rs 1.51–5.99 crore, 7-day to 6-month execution) with international OEM export work. Revenue model is straightforward contract manufacturing plus scrap trading; FY25 delivered Rs 511.56 crore in net sales and Rs 14.57 crore in PAT, while FY26 contracted to Rs 361.69 crore in sales and Rs 3.79 crore in PAT (FY26 EBITDA margin 4.9%, PAT margin 1.0%) on raw material volatility, freight disruption, and working-capital pressures. Leadership is the Maheshwari family: Ramgopal Maheshwari (Chairman), Bhavesh Maheshwari (Managing Director), and Megha Maheshwari (CFO), with Kiran Parmanand Goklani as Company Secretary and Compliance Officer.

Name

Siyaram Recycling Industries

Legal name

Siyaram Recycling Industries Ltd

Website

https://www.siyaramindustries.co.in/

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

Siyaram Recycling Industries Ltd is a Jamnagar, India-based B2B manufacturer that converts recycled brass and copper scrap into copper alloy ingots, brass rods, brass fittings, and bath fittings for plumbing, sanitary, and industrial OEM customers.

Ownership category

akta.pro rank

Product category

Brass and Copper Alloy Manufacturing

NAICS

Nonferrous Metal (except Aluminum) Production and Processing (3314), Copper Rolling, Drawing, Extruding, and Alloying (33142), Copper Rolling, Drawing, Extruding, and Alloying (331420)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Copper Recycling & Secondary Copper Smelting/Refining (IMAKADAK)

akta.pro secondary industries

Non-Ferrous Scrap Processing & Recycling (Aluminum, Copper, Brass, Lead, Zinc) (EUAIAJAB), Industrial & Manufacturing Scrap Recycling (Factory Scrap, Turnings, Offcuts) (IMAKAMAE), Metals Recycling & Processing (Ferrous/Non-Ferrous) (BPALADAF)

Keywords

• Brass product manufacturing
• Brass scrap recycling
• Copper alloy ingots
• Plumbing fittings manufacturing
• Sanitary components production

Headquarters

HQ city

Jamnagar

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Brass Product Manufacturing and Sales: Primary revenue from manufacturing and selling brass products including copper alloy ingots, brass extrusion rods, brass fittings, and bath fittings. Revenue is generated through fixed-cost contracts with domestic customers, typically executed within 7 days to 6 months. The company also exports OEM products.
2. Scrap Trading: Trading of recycled scrap materials including brass honey scrap, copper scrap, zinc scrap, and red brass scrap sourced globally and processed domestically.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Siyaram Recycling Industries manufactures brass and copper alloy products from recycled scrap materials for industrial and plumbing/sanitary buyers. Its core product lines are Copper Alloy Ingots & Billets, Brass Extrusion Rods (solid and hollow), Brass Fittings (plumbing and sanitary components), and Bath Fittings (faucets, angle valves). The company also trades in scrap raw materials including brass honey scrap, copper scrap, zinc scrap, red brass scrap, and zinc ingot scrap.

Product overview

Siyaram Recycling Industries is a manufacturer and recycler of brass-based components, operating as a single unified product portfolio centered on brass and copper alloy manufacturing. The company processes recycled scrap materials into four main product lines: Copper Alloy Ingots & Billets (including gunmetal, bronze, and brass varieties), Brass Extrusion Rods (solid and hollow), Brass Fittings (plumbing and sanitary components), and Bath Fittings (faucets and valves). The products are produced from recycled scrap materials using in-house manufacturing capabilities including CNC machines, forging presses, extrusion presses up to 450 MT, and electroplating facilities. The company also trades in raw material scrap including brass honey, copper, zinc, red brass, and zinc ingots.

Differentiator

Problem solved

Functional benefit

Products and services

• Copper Alloy Ingots & Billets Comprehensive range of copper alloy ingots and billets including gunmetal, aluminium bronze, silicon bronze, phosphorous bronze, tin bronze, leaded bronze, manganese bronze, bismuth bronze, and brass ingots in various grades meeting IS, BS, JIS, DIN, and ASTM standards. Sold to casting manufacturers and industrial processors.
• Brass Extrusion Rods (Solid/Hollow)
• Brass Fittings
• Bath Fittings

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Wieland Group: Global German-headquartered leader in semi-finished copper and copper alloy products including rods, bars, and tubes. Comparable end-product portfolio to Siyaram's extrusion rods and billets, but operating at multinational scale with broader geographic reach.
• Hindustan Copper Limited: Indian public-sector copper miner and producer of copper cathodes, wire rods, and by-products. Comparable as a publicly listed Indian non-ferrous metal player serving industrial customers, though at significantly larger scale and integrated upstream into mining.
• KME Group: European manufacturer of copper and copper alloy semi-finished products including rods, tubes, and billets. Directly comparable product portfolio to Siyaram's brass rods and copper alloy ingots, with stronger international OEM presence.
• Mueller Industries: US-based manufacturer of copper, brass, aluminum, and plastic products serving plumbing, HVAC, and industrial markets. Comparable in vertical integration from raw metal to finished plumbing fittings, though much larger and geographically diversified.

Direct peers

• Bhagyanagar India Limited: Indian manufacturer of copper and brass products including rods, strips, and sheets. Closely comparable product portfolio to Siyaram's brass rods and copper alloy offerings, also serving electrical and plumbing OEM customers in India.
• Rajshree Metals & Alloys: Manufacturer of brass rods, billets, and copper alloy products based in Jamnagar, India. Direct geographic and product overlap with Siyaram, competing in free-cutting brass rods and ingots for plumbing and electrical applications.
• Metalman Industries: Indian brass and copper alloy manufacturer producing rods, sections, and billets. Competes with Siyaram in brass extrusion rods and copper alloy ingots for similar industrial OEM customers.

Regional players

• GM Foils Ltd: Indian manufacturer of copper and copper alloy foils and strips. Comparable as a domestic Indian non-ferrous mill products player, though specializing in thinner foil/strip formats versus Siyaram's rods and ingots.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/siyaram-recycling-industries-pvt-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Siyaram Recycling Industries