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Sunlite Recycling Industries Ltd (SUNLITE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SUNLITE Metal - Non Ferrous | Small Cap | Sunlite Recycling Share Price

BSE Share Price
Not Listed

Sunlite Recycling Industries Ltd (SUNLITE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SUNLITE Metal - Non Ferrous | Small Cap | Sunlite Recycling Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹582 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹29.1
TTM Sales
₹2,765 Cr.
Book Value per Share
₹116.4
P/E Ratio
14.49
Lower than its 5-year historical median
Industry PE
21.7
Price to Book (P/B)
3.62
In line with its 5-year historical median
Price to Sales (P/S)
0.21
Higher than its 5-year historical median
EV/EBITDA
9.86
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
36.27%
Outperforms industry median
Return on Capital Employed (ROCE)
36.30%
Outperforms industry median
Return on Assets (ROA)
18.33%
Operating Profit Margin
1.7%
Net Profit Margin
1.02%
Gross Profit Margin
1.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
19.76%
Operating Profit Growth (1 Year)
-
27.79%
Net Profit Growth (1 Year)
-
59.62%
Asset Quality
Promoter Holding
74.47%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹147 Cr.
Equity
₹13.8 Cr.
Face Value
₹10
All Time Low / High
- / -

Sunlite Recycling Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Sunlite Recycling Industries Ltd a good quality company?
Sunlite Recycling Industries Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sunlite Recycling Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sunlite Recycling Industries Ltd vs industry peers?
Sunlite Recycling Industries Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 10.06%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Sunlite Recycling Industries Ltd?
Promoters hold 74.47% of the Sunlite Recycling Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sunlite Recycling Industries Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 220.1% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'23Mar'24Mar'25TTM
ROCE % 24.5%32%36.3%-
Value Creation
Index
0.81.31.6-

Growth Parameters

Sales 1,1501,1661,3972,765
Sales YoY Gr.-1.4%19.8%-
Adj EPS 14.311.513.129.1
YoY Gr.--19.4%13.9%-
BVPS (₹) 9.123.455.2116.4
Adj Net
Profit
5.79.214.340
Cash Flow from Ops. 2.411.48.2-
Debt/CF from Ops. 19.53.11.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANANA19.8%
Adj EPS NANANA13.9%
BVPSNANANA136.3%
Share Price - - - 142.2%

Key Financial Parameters

Mar'23Mar'24Mar'25TTM
Return on
Equity %
157.782.636.333.9
Op. Profit
Mgn %
1.31.61.7NAN
Net Profit
Mgn %
0.50.811.5
Debt to
Equity
12.81.90.2-
Working Cap
Days
016170
Cash Conv.
Cycle
012120

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales1,1501,1661,397
Operating Expenses + 1,1361,1481,373
Manufacturing Costs162621
Material Costs1,1131,1141,344
Employee Cost 111
Other Costs 667
Operating Profit 141924
Operating Profit Margin (%) 1.3%1.6%1.7%
Other Income + 000
Exceptional Items 000
Interest 553
Depreciation 222
Profit Before Tax 81219
Tax 235
Profit After Tax 6914
PAT Margin (%) 0.5%0.8%1.0%
Adjusted EPS (₹)14.011.213.1
Dividend Payout Ratio (%)0%0%0%

Valuation of Sunlite Recycling - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 41960
Share Capital 1811
Reserves 31149
Debt +44328
Long Term Debt2235
Short Term Debt22293
Minority Interest000
Trade Payables16116
Others Liabilities 81010
Total Liabilities 726194

Fixed Assets

Net Fixed Assets +141215
Gross Block221620
Accumulated Depreciation845
CWIP 002
Investments 000
Inventories393046
Trade Receivables121419
Cash Equivalents 200
Others Assets 5513
Total Assets 726194

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2118
PBT 81219
Adjustment 775
Changes in Working Capital -10-5-11
Tax Paid -2-3-5
Cash Flow From Investing Activity + -3-2-6
Capex -3-2-6
Net Investments 0-0-0
Others -000
Cash Flow From Financing Activity + 3-11-2
Net Proceeds from Shares -14527
Net Proceeds from Borrowing 11-182
Interest Paid 0-5-3
Dividend Paid 000
Others 57-27
Net Cash Flow 2-2-0

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)154.7480.1436.27
ROCE (%)24.5232.0136.3
Asset Turnover Ratio16.0617.5417.93
PAT to CFO Conversion(x)0.331.220.57
Working Capital Days
Receivable Days3.704.104.40
Inventory Days12.3010.709.80
Payable Days5.302.702.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.280.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Sunlite Recycling Industries Ltd FAQs

The current trading 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 31-Dec-1969 the market cap of Sunlite Recycling stood at ₹581.9 Cr

The latest P/E ratio of Sunlite Recycling as of 31-Dec-1969 is 14.49.

The latest P/B ratio of Sunlite Recycling as of 31-Dec-1969 is 3.62.

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 ₹2,765 ( Cr.) .

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

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

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

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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