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 ₹ 509 Cr.
- Current Price ₹ 369
- High / Low ₹ 416 / 105
- Stock P/E 23.6
- Book Value ₹ 68.4
- Dividend Yield 0.00 %
- ROCE 36.1 %
- ROE 36.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 53.0%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 1,150 | 1,166 | 1,397 | 1,882 | |
| 1,136 | 1,148 | 1,373 | 1,848 | |
| Operating Profit | 14 | 19 | 24 | 34 |
| OPM % | 1% | 2% | 2% | 2% |
| 0 | 0 | 0 | 0 | |
| Interest | 5 | 5 | 3 | 2 |
| Depreciation | 2 | 2 | 2 | 3 |
| Profit before tax | 8 | 12 | 19 | 29 |
| Tax % | 26% | 25% | 26% | |
| 6 | 9 | 14 | 22 | |
| EPS in Rs | 112.00 | 11.18 | 13.12 | 19.81 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 82% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 229% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 53% |
| Last Year: | 36% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.50 | 8 | 11 | 11 |
| Reserves | 3 | 11 | 49 | 63 |
| 46 | 35 | 9 | 23 | |
| 22 | 8 | 25 | 48 | |
| Total Liabilities | 72 | 61 | 94 | 145 |
| 14 | 12 | 15 | 18 | |
| CWIP | 0 | 0 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 58 | 49 | 78 | 127 | |
| Total Assets | 72 | 61 | 94 | 145 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 2 | 11 | 8 | |
| -3 | -2 | -6 | |
| 3 | -11 | -2 | |
| Net Cash Flow | 2 | -2 | -0 |
| Free Cash Flow | -1 | 9 | 2 |
| CFO/OP | 31% | 78% | 55% |
Ratios
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 4 | 4 | 5 |
| Inventory Days | 13 | 10 | 12 |
| Days Payable | 5 | 0 | 4 |
| Cash Conversion Cycle | 11 | 14 | 13 |
| Working Capital Days | 3 | 3 | 12 |
| ROCE % | 32% | 36% |
Insights
In beta| Dec 2012 | Dec 2015 | Dec 2019 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Total Installed Capacity - Copper Wire Rods MTPA |
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| Capacity Utilization - Copper Rods % |
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| Installed Capacity - Copper Wires MTPA |
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| Sales Volume MT |
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| Sustainability Rooftop Solar Capacity KW |
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Documents
Announcements
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Change in Management
1 April 2026 - Apr 01, 2026: Chairman Prahalad Heda resigned; Akshaykumar Heda appointed Chairman; Manish Heda and Krisha Shah appointed directors.
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Outcome of Board Meeting
1 April 2026 - Apr 1, 2026: Akshaykumar Heda appointed Chairman; Prahalad Heda resigns chair (remains WTD); Manish Heda and Krisha Shah appointed directors.
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Trading Window
27 March 2026 - Trading window closed from 1 April 2026 until 48 hours after FY2026 audited results declaration.
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Action(s) initiated or orders passed
26 March 2026 - GST order (24/03/2026) disallows ITC Rs.62,73,754; penalty Rs.1,40,08,520; company to appeal.
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Action(s) taken or orders passed
23 February 2026 - Appeal allowed (order Feb 20, 2026); GST Rs.1,05,07,416 and penalty Rs.1,05,07,416 dropped.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Jun 2025TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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.