Sunlite Recycling Industries Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SUNLITE | Metal - Non Ferrous | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Sunlite Recycling

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Sunlite Recycling Industries stock performance -

mw4me loader
P/E Ratio (SA):
18.78
Market Cap:
167.2 Cr.
52-wk low:
0
52-wk high:
0

Is Sunlite Recycling Industries Ltd an attractive stock to invest in?

1. Is Sunlite Recycling Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sunlite Recycling Industries Ltd is a below average quality company.

2. Is Sunlite Recycling Industries Ltd undervalued or overvalued?

The key valuation ratios of Sunlite Recycling Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sunlite Recycling Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sunlite Recycling Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sunlite Recycling:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sunlite Recycling Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'23Mar'24TTM
ROCE % 24.5%31.4%-
Value Creation
Index
0.81.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1501,1661,166
Sales YoY Gr.-1.4%-
Adj EPS 14.311.58.2
YoY Gr.--19.7%-
BVPS (₹) 9.125.146.2
Adj Net
Profit
5.79.29
Cash Flow from Ops. 2.411.3-
Debt/CF from Ops. 19.53.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA1.4%
Adj EPS NANANA-19.7%
BVPSNANANA176.8%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'23Mar'24TTM
Return on
Equity %
157.777.623
Op. Profit
Mgn %
1.31.6NAN
Net Profit
Mgn %
0.50.80.8
Debt to
Equity
12.81.7-
Working Cap
Days
0160
Cash Conv.
Cycle
0120

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 1.74

Return on Equity has declined versus last 3 years average to 23.00%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Sunlite Recycling Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 8.2 -
TTM Sales (₹ Cr.) 1,166 -
BVPS (₹.) 46.2 -
Reserves (₹ Cr.) 39 -
P/BV 3.32 -
PE 18.78 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 167
Equity (₹ Cr.) 10.9
Face Value (₹) 10
Industry PE 30.9

Management X-Ray of Sunlite Recycling:

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Event Update

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Analyst's Notes

Key Ratios of Sunlite Recycling

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24
Sales1,1501,166
Operating Expenses 1,1361,148
Manufacturing Costs1622
Material Costs1,1131,118
Employee Cost 11
Other Costs 66
Operating Profit 1419
Operating Profit Margin (%) 1.3%1.6%
Other Income 00
Interest 55
Depreciation 22
Exceptional Items 00
Profit Before Tax 812
Tax 23
Profit After Tax 69
PAT Margin (%) 0.5%0.8%
Adjusted EPS (₹)14.011.1
Dividend Payout Ratio (%)0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24

Equity and Liabilities

Shareholders Fund 420
Share Capital 18
Reserves 312
Minority Interest00
Debt4432
Long Term Debt223
Short Term Debt2229
Trade Payables161
Others Liabilities 811
Total Liabilities 7263

Fixed Assets

Gross Block2225
Accumulated Depreciation811
Net Fixed Assets1414
CWIP 00
Investments 00
Inventories3930
Trade Receivables1214
Cash Equivalents 20
Others Assets55
Total Assets 7263

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24
Cash Flow From Operating Activity 211
PBT 812
Adjustment 77
Changes in Working Capital -10-7
Tax Paid -20
Cash Flow From Investing Activity -3-2
Capex -3-2
Net Investments 00
Others 01
Cash Flow From Financing Activity 3-12
Net Proceeds from Shares -145
Net Proceeds from Borrowing 11-19
Interest Paid 00
Dividend Paid 00
Others 53
Net Cash Flow 2-2
PARTICULARSMar'23Mar'24
Ratios
ROE (%)154.7475.26
ROCE (%)24.5231.38
Asset Turnover Ratio16.0617.3
PAT to CFO Conversion(x)0.331.22
Working Capital Days
Receivable Days44
Inventory Days1211
Payable Days53

Sunlite Recycling Industries Ltd Stock News

Sunlite Recycling Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sunlite Recycling on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Sunlite Recycling stood at ₹167.2.
The latest P/E ratio of Sunlite Recycling as of 01-Jan-1970 05:30 is 18.78.
The latest P/B ratio of Sunlite Recycling as of 01-Jan-1970 05:30 is 3.32.
The 52-week high of Sunlite Recycling is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sunlite Recycling is ₹1,166 ( Cr.) .

About Sunlite Recycling Industries Ltd

Sunlite Recycling Industries Limited was originally formed as partnership firm under the Indian Partnership Act, 1932 (Partnership Act) in the name and style of M/s. Sunlite Industries, pursuant to a deed of partnership entered between Prahladrai Ramdayal Heda, Nitin Kumar Heda and Khushboo Manishkumar Heda executed on dated September 28, 2017 on the terms and conditions contained in the said partnership deed. Later on, ‘M/s Sunlite Industries’ was thereafter converted from partnership firm to a private limited Company under part I Chapter XXI of Section 366 of the Companies Act, 2013 with the name and style of ‘Sunlite Alucop Private Limited’ and received a certificate of incorporation dated August 04, 2022 issued by the Registrar of Companies, Central Registration Centre. 

Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on January 12, 2024, the name of the company was changed from ‘Sunlite Alucop Private Limited’ to ‘Sunlite Recycling Industries Private Limited’ and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Ahmedabad vide letter dated January 18, 2024. Subsequently, the company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on February 10, 2024 and consequently the name of the company was changed from ‘Sunlite Recycling Industries Private Limited’ to ‘Sunlite Recycling Industries Limited’ vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated April 30, 2024 issued by the Registrar of Companies, Central Processing Centre.

Sunlite Recycling Industries is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Further, it is also engaged in providing job work services for processing of various products of copper, wherein its customers provide it with the copper scrap and it is converting the copper scrap into copper wire and copper wire rod as per customer’s requirement. It employs an internal quality control mechanism to ensure that its finished product conforms to the exact requirement of its customers.

Its Product Portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards, in all types of copper products according to customer specifications. It prioritize environmental and safety considerations in its copper production process. Its approach involves recycling copper scrap utilizing electricity sourced from solar generation and clean natural gas, thus mitigating the pollution associated with conventional oil-based energy sources. Copper is one of the most recycled metals of all the metals. The recycling of copper scrap is gaining importance worldwide simply because of the fact that recovery of copper metal from scrap requires much less energy than its recovery made from primary source. 

Business area of the company

The company is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Further, it is also engaged in providing job work services for processing of various products of copper.

Products of the company

Copper Rods

  • Oxygen Free Copper Rods (OFC)
  • Fire-Refined High Conductivity Copper Rods-(FRHC)

Copper wires

  • Copper earthing wires
  • Copper conductors
  • Copper submersible wires

Copper strips

History and milestones

  • September 28, 2017: Established Partnership firm in the name of ‘M/s. Sunlite Industries’.
  • October 28, 2017: Partnership firm was registered as on October 28, 2017 having registration number GUJVA200549. 
  • August 04, 2022: Conversion from the partnership firm into a Private Limited Company in the name of ‘Sunlite Alucop Private Limited’. 
  • FY 2022-23: Crossed Revenue of Rs 1000 crore. 
  • January 18, 2024: Change in the name of the Company from ‘Sunlite Alucop Private Limited’ to ‘Sunlite Recycling Industries Private Limited’ 
  • April 30, 2024: Conversion of Company from Private Limited Company into Public Limited Company.

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