Sunlite Recycling Industries Ltd
Founded in 2012, Sunlite Recycling Industries manufactures copper rods, wires, conductors, and earthing materials from recycled copper scrap.[1]
- Market Cap ₹ 808 Cr.
- Current Price ₹ 585
- High / Low ₹ 753 / 229
- Stock P/E 13.7
- Book Value ₹ 139
- Dividend Yield 0.17 %
- ROCE 46.5 %
- ROE 36.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.3%
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Aluminium, Copper & Zinc Products
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| 1,150 | 1,166 | 1,397 | 2,765 | 3,605 | |
| Sales growth | +1% | +20% | +98% | +92% | |
| 1,136 | 1,148 | 1,373 | 2,705 | 3,520 | |
| Operating Profit | 14 | 19 | 24 | 60 | 85 |
| OPM % | 1.3% | 1.6% | 1.7% | 2.2% | 2.4% |
| 0 | 0 | 0 | 0 | 1 | |
| Interest | 5 | 5 | 3 | 2 | 2 |
| Depreciation | 2 | 2 | 2 | 4 | 4 |
| Profit before tax | 8 | 12 | 19 | 54 | 79 |
| Tax % | 26% | 25% | 26% | 25% | |
| 6 | 9 | 14 | 40 | 59 | |
| EPS in Rs | 14.00 | 11.18 | 13.12 | 29.08 | 42.75 |
| Dividend Payout % | 0% | 0% | 0% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| TTM: | 92% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 93% |
| TTM: | 174% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 143% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| Last Year: | 36% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.50 | 8 | 11 | 14 | 14 |
| Reserves | 3 | 11 | 49 | 147 | 179 |
| 46 | 35 | 9 | 12 | 8 | |
| 22 | 8 | 25 | 52 | 72 | |
| Total Liabilities | 72 | 61 | 94 | 224 | 273 |
| 14 | 12 | 15 | 22 | 22 | |
| CWIP | 0 | 0 | 2 | 0 | 8 |
| Investments | 0 | 0 | 0 | 50 | 50 |
| 58 | 49 | 78 | 152 | 193 | |
| Total Assets | 72 | 61 | 94 | 224 | 273 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 2 | 11 | 8 | -2 | |
| -3 | -2 | -6 | -15 | |
| 3 | -11 | -2 | 17 | |
| Net Cash Flow | 2 | -2 | -0 | 0 |
| Free Cash Flow | -1 | 9 | 2 | -11 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 31% | 78% | 54% | 20% |
Ratios
Standalone / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 4 | 4 | 5 | 3 |
| Inventory Days | 13 | 10 | 12 | 12 |
| Days Payable | 5 | 0 | 4 | 5 |
| Cash Conversion Cycle | 11 | 14 | 13 | 10 |
| Working Capital Days | 3 | 3 | 12 | 12 |
| ROCE % | 32% | 36% | 47% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Copper Rods Capacity Utilization % |
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| Sales Volume MT |
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| Top 5 States Share of Revenue % |
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| Total Capacity Utilization % |
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| Total Installed Capacity MTPA |
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| Actual Production MT |
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| EBITDA per Tonne Rs |
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| ATC (Annealed Tinned Coated) Capacity Utilization % |
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| Copper Busbars Capacity Utilization % |
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Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
- Sunlite released H1 FY27 earnings call transcript; revenue INR2,075.5 crore, PAT INR34.3 crore, capex INR37 crore.
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Analysts/Institutional Investor Meet/Con. Call Updates
- Audio-video recording shared for H1FY27 post-results conference call held on 04 November 2026.
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Outcome of Board Meeting
- Sunlite Recycling Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
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Outcome of Board Meeting
- Board approved standalone and consolidated unaudited results for half year ended 30 September 2026.
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Investor Presentation
- Investor presentation for H1FY27: revenue 19,623 million, PAT 332 million, and expansion plans disclosed.
Concalls
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Nov 2026Transcript REC
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Jul 2026PPT
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May 2026Transcript PPT
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Nov 2025Transcript PPT
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Jun 2025PPT
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Oct 2024PPT
Business Profile:[1]
Co. manufactures 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.