Siyaram Recycling Industries Ltd. (SIYARA) Share Price Surges 8.2% Today

Siyaram Recycling Industries Ltd. Share Price rises 8.2% today, reaching Rs 41.15 with a market cap of Rs 82.86 Cr.

Siyaram Recycling Industries Ltd. Share Price has experienced a significant surge today, closing at Rs 41.15, marking an 8.2% increase from the previous close of Rs 38.03. This rise places the company’s market capitalisation at Rs 82.86 crore, categorising it within the micro-cap segment. The stock’s performance today is noteworthy as it surpasses the qualifying threshold of 8.1% set for its market-cap category. Despite the lack of a clear catalyst from the available data, the substantial price movement has drawn attention to the stock.

The trading session opened at Rs 38, and the stock reached a high of Rs 41.49, with a low of Rs 38. The total volume traded on the BSE was 42,000 shares, resulting in a turnover of Rs 0.17 crore. This volume indicates a heightened level of trading activity compared to the average, suggesting increased investor interest in the stock. As one of the top gainers today, Siyaram Recycling Industries Ltd. has captured the market’s attention, prompting further analysis of its technical and fundamental aspects.

Siyaram Recycling Industries Ltd. Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 41.15
Previous Close	Rs 38.03
Today's Change	+Rs 3.12 (+8.2%)
Day Open	Rs 38
Day High	Rs 41.49
Day Low	Rs 38
Current Volume (BSE)	42,000
BSE Traded Volume	42,000
Combined NSE + BSE Volume	42,000
Turnover	Rs 0.17 crore
Market Capitalisation	Rs 82.86 crore
Market Cap Category	Micro Cap
Qualifying Threshold Cleared	8.1%

Today’s trading session for Siyaram Recycling Industries Ltd. was marked by a significant price action, with the share price rising by 8.2% to close at Rs 41.15. The previous close was Rs 38.03, and the stock opened at Rs 38, reaching a high of Rs 41.49 and a low of Rs 38. The turnover for the day was Rs 0.17 crore, with a total volume of 42,000 shares traded on the BSE. This volume is notably higher than the average, indicating increased market participation.

As a micro-cap company, Siyaram Recycling Industries Ltd. surpassed the qualifying threshold of 8.1% for its market-cap category. This achievement highlights the stock’s strong performance in today’s market. The company’s market capitalisation now stands at Rs 82.86 crore, reflecting its position within the micro-cap segment.

The significant price movement has positioned Siyaram Recycling Industries Ltd. as one of the top gainers today, drawing attention from investors and analysts alike. The increased trading volume further underscores the heightened interest in the stock, prompting a closer examination of its technical indicators and fundamental metrics.

Siyaram Recycling Industries Ltd. Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 82.86 crore
P/E Ratio	21.86x
P/B Ratio	0.64x
ROE	4%
ROCE	5.61%
EPS	Rs 1.74
Book Value Per Share	Rs 59.67
Dividend Yield	0%

Siyaram Recycling Industries Ltd. was valued at a P/E ratio of 21.86x, a P/B ratio of 0.64x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Profitability and capital efficiency were represented by ROE of 4% and ROCE of 5.61%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Per-share and shareholder-return metrics included EPS of Rs 1.74, book value per share of Rs 59.67, dividend yield of 0%. Dividend yield is a current or historical ratio and does not guarantee future distributions.

Siyaram Recycling Industries Ltd. has a market capitalisation of Rs 82.86 crore, placing it in the micro-cap category. The company’s price-to-earnings (P/E) ratio is 21.86, which is above the industry median of 15.29 but below the average of 33.27. This suggests that the stock is moderately valued compared to its peers.

The price-to-book (P/B) ratio stands at 0.64, significantly below the industry median of 1.91, indicating that the stock may be undervalued in terms of its book value. The return on equity (ROE) is 4%, which is above the industry median of 2.88%, reflecting a relatively better performance in generating returns for shareholders.

The return on capital employed (ROCE) is 5.61%, slightly below the industry median of 6.46%. The earnings per share (EPS) is Rs 1.74, and the book value per share is Rs 59.67. The company does not offer a dividend yield, which may be a consideration for income-focused investors.

Overall, the fundamental analysis indicates that Siyaram Recycling Industries Ltd. is positioned moderately within its industry, with certain valuation metrics suggesting potential undervaluation. The company’s financial performance and valuation metrics provide a context for the recent price movement, warranting attention from investors.

Sector and Industry Context

Metric	Value
Sector	Non – Ferrous Metals
Industry	Metal – Non Ferrous
Benchmark Scope	same industry
Companies in Benchmark	24
Company P/E Ratio	21.86x
Benchmark Median P/E	15.29x
Benchmark Average P/E	33.27x
Benchmark P/E Range	0x to 167.24x
Companies with P/E Data	24
Company P/B Ratio	0.64x
Benchmark Median P/B	1.91x
Company ROE	4%
Benchmark Median ROE	2.88%
Company ROCE	5.61%
Benchmark Median ROCE	6.46%
Company Market Capitalisation	Rs 82.86 crore
Benchmark Median Market Cap	Rs 127.7 crore

Siyaram Recycling Industries Ltd. (SIYARA) is classified under sector: Non – Ferrous Metals and industry: Metal – Non Ferrous. The numerical benchmark uses 24 same industry companies from the supplied master-data set.

Siyaram Recycling Industries Ltd. (SIYARA) has a P/E ratio of 21.86x, which is above the benchmark median of 15.29x, a difference of +42.97%. The benchmark contains 24 companies with P/E data, ranging from 0x to 167.24x. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

Siyaram Recycling Industries Ltd. (SIYARA) has a ROE of 4%, which is above the benchmark median of 2.88%, a difference of +38.89%. Siyaram Recycling Industries Ltd. (SIYARA) has a ROCE of 5.61%, which is below the benchmark median of 6.46%, a difference of -13.16%.

Track today’s top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

Siyaram Recycling Industries Ltd. operates within the Non-Ferrous Metals sector, specifically in the Metal – Non Ferrous industry. The sector comprises 46 companies, with 24 companies in the same industry. The company’s P/E ratio of 21.86 is above the industry median of 15.29 but below the average of 33.27, indicating a moderate valuation.

The P/B ratio of 0.64 is significantly lower than the industry median of 1.91, suggesting potential undervaluation. The company’s ROE of 4% is above the industry median of 2.88%, while the ROCE of 5.61% is slightly below the median of 6.46%. These metrics highlight the company’s relative performance within its sector.

The sector’s market capitalisation ranges from Rs 12.42 crore to Rs 2300.01 crore, with a median of Rs 127.7 crore. Siyaram Recycling Industries Ltd.’s market capitalisation of Rs 82.86 crore places it below the median, reflecting its position as a smaller player within the sector.

The sector’s performance and the company’s valuation metrics provide a backdrop for understanding Siyaram Recycling Industries Ltd.’s recent price movement. The company’s positioning within the sector and its relative valuation metrics are key factors for investors to consider.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
Shalimar Wires Industries Ltd.	SHALIWIR	80.42	13.82	1.86	-0.32	11.4
Narmadesh Brass Industries Lim	NARMADESH	96.05	27.05	1.66	79.11	34.02
Bonlon Industries Ltd.	BONLON	68.65	26.14	0.69	2.96	4.17
Cubex Tubings Ltd.	CUBEXTUB	110.53	14.83	1.33	3.97	4.8
Madhav Copper Ltd.	MCL	144.86	32.28	2.89	10.06	14.78

Siyaram Recycling Industries Ltd. (SIYARA) has a P/E ratio of 21.86x compared with the displayed peer median of 26.14x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of 4% compares with a peer median of 3.97% across the companies shown in the table. ROCE stood at 5.61% versus the displayed peer median of 11.4%, providing a capital-efficiency comparison. Siyaram Recycling Industries Ltd. (SIYARA) has a market capitalisation of Rs 82.86 crore. Among the 5 peers shown, 3 have a larger market capitalisation.

In the Metal – Non Ferrous industry, Siyaram Recycling Industries Ltd. competes with several peers. Shalimar Wires Industries Ltd. has a market cap of Rs 80.42 crore, with a P/E of 13.82 and a P/B of 1.86. Narmadesh Brass Industries Lim has a market cap of Rs 96.05 crore, with a P/E of 27.05 and a P/B of 1.66.

Bonlon Industries Ltd. has a market cap of Rs 68.65 crore, with a P/E of 26.14 and a P/B of 0.69. Cubex Tubings Ltd. has a market cap of Rs 110.53 crore, with a P/E of 14.83 and a P/B of 1.33. Madhav Copper Ltd. has a market cap of Rs 144.86 crore, with a P/E of 32.28 and a P/B of 2.89.

Compared to its peers, Siyaram Recycling Industries Ltd. has a moderate P/E ratio and a lower P/B ratio, suggesting potential undervaluation. The company’s ROE and ROCE are competitive within the industry, highlighting its relative financial performance.

Why Investors Are Watching Siyaram Recycling Industries Ltd.

Investors are closely monitoring Siyaram Recycling Industries Ltd. due to its recent price surge and market positioning. The company’s technical and fundamental metrics provide insights into its performance and potential.

• Price Action: 8.2% rise today, closing at Rs 41.15.
• Technical Position: RSI at 62.72, indicating strong momentum.
• Fundamental Context: P/E of 21.86, P/B of 0.64, ROE of 4%.
• Sector Positioning: Operates in Non-Ferrous Metals sector.

Investors should continue to monitor Siyaram Recycling Industries Ltd.’s market performance and sector trends. The company’s valuation metrics and market dynamics will be key factors influencing its future trajectory.

About Siyaram Recycling Industries Ltd.

Siyaram Recycling Industries Ltd. operates in the Non-Ferrous Metals sector, focusing on recycling and processing non-ferrous metals. The company is involved in the production and distribution of metal products, catering to various industrial applications. Its operations are primarily concentrated in the Metal – Non Ferrous industry, where it competes with other players in the sector.

The company’s business model revolves around the efficient recycling of non-ferrous metals, contributing to sustainable practices within the industry. Siyaram Recycling Industries Ltd. aims to leverage its expertise in metal recycling to enhance its market presence and expand its product offerings.

As a micro-cap company, Siyaram Recycling Industries Ltd. is positioned to capitalize on growth opportunities within the sector. Its focus on recycling and sustainability aligns with industry trends, providing a competitive edge in the market.

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Frequently Asked Questions

What is the current share price of Siyaram Recycling Industries Ltd.?

Ans. The current share price of Siyaram Recycling Industries Ltd. is Rs 41.15, reflecting an 8.2% increase from the previous close of Rs 38.03. The stock moved 8.2% during the session.

How much did Siyaram Recycling Industries Ltd. share price rise today?

Ans. Siyaram Recycling Industries Ltd. share price rose by 8.2% today, closing at Rs 41.15, compared to the previous close of Rs 38.03. The stock moved 8.2% during the session. The intraday range extended from Rs 38 to Rs 41.49.

What is the market capitalisation of Siyaram Recycling Industries Ltd.?

Ans. The market capitalisation of Siyaram Recycling Industries Ltd. is Rs 82.86 crore, categorising it as a micro-cap company. The company operates in the Non – Ferrous Metals sector. Its P/E ratio is 21.86x.

What is the P/E ratio of Siyaram Recycling Industries Ltd.?

Ans. The P/E ratio of Siyaram Recycling Industries Ltd. is 21.86, which is above the industry median of 15.29 but below the average of 33.27. The company trades at a P/E ratio of 21.86x.

How does Siyaram Recycling Industries Ltd.'s P/B ratio compare to the industry?

Ans. Siyaram Recycling Industries Ltd.'s P/B ratio is 0.64, significantly below the industry median of 1.91, indicating potential undervaluation. The company trades at a P/E ratio of 21.86x. Its P/B ratio is 0.64x.

What is the ROE of Siyaram Recycling Industries Ltd.?

Ans. The return on equity (ROE) of Siyaram Recycling Industries Ltd. is 4%, which is above the industry median of 2.88%. ROE stands at 4%. ROCE stands at 5.61%. The relevant peer median ROE is 2.88%.

What sector does Siyaram Recycling Industries Ltd. operate in?

Ans. Siyaram Recycling Industries Ltd. operates in the Non-Ferrous Metals sector, specifically within the Metal – Non Ferrous industry. The stock belongs to the Non – Ferrous Metals sector. Its industry classification is Metal – Non Ferrous.

Who are the peers of Siyaram Recycling Industries Ltd.?

Ans. Peers of Siyaram Recycling Industries Ltd. include Shalimar Wires Industries Ltd., Narmadesh Brass Industries Lim, and Bonlon Industries Ltd. Comparable listed companies include Shalimar Wires Industries Ltd., Narmadesh Brass Industries Lim, Bonlon Industries Ltd.