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 ₹ 127 Cr.
- Current Price ₹ 117
- High / Low ₹ 210 / 91.0
- Stock P/E 14.3
- Book Value ₹ 48.5
- Dividend Yield 0.00 %
- ROCE 31.4 %
- ROE 75.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company's cost of borrowing seems high
* 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
Sector: Mining & Mineral products Industry: Mining / Minerals / Metals
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | |
|---|---|---|
| 1,150 | 1,166 | |
| 1,136 | 1,148 | |
| Operating Profit | 14 | 19 |
| OPM % | 1% | 2% |
| 0 | 0 | |
| Interest | 5 | 5 |
| Depreciation | 2 | 2 |
| Profit before tax | 8 | 12 |
| Tax % | 26% | 24% |
| 6 | 9 | |
| EPS in Rs | 112.00 | 11.12 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
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| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
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| TTM: | 59% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
|---|---|
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| Last Year: | 75% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|
| Equity Capital | 0.50 | 8 | 11 |
| Reserves | 3 | 12 | 42 |
| 46 | 35 | 19 | |
| 22 | 8 | 20 | |
| Total Liabilities | 72 | 63 | 93 |
| 14 | 14 | 9 | |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 |
| 58 | 49 | 84 | |
| Total Assets | 72 | 63 | 93 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | |
|---|---|---|
| 2 | 11 | |
| -3 | -2 | |
| 3 | -12 | |
| Net Cash Flow | 2 | -2 |
Ratios
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 4 | 4 |
| Inventory Days | 13 | 10 |
| Days Payable | 5 | 0 |
| Cash Conversion Cycle | 11 | 14 |
| Working Capital Days | 11 | 13 |
| ROCE % | 31% |
Documents
Announcements
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General Updates
24 April 2025 - Sunlite Recycling claims exemption from Annual Secretarial Compliance Report for FY2025 under SEBI SME rules.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
24 April 2025 - Sunlite Recycling Industries exempt from Corporate Governance Report for Q4 March 2025 as per SEBI SME rules.
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Action(s) taken or orders passed
23 April 2025 - Received GST refund of ₹20.50L, penalty ₹0.50L; earlier ₹12.47L demand fully withdrawn.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 April 2025 - Submission of SEBI Regulation 74(5) compliance certificate for March 2025 quarter.
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Press Release
14 April 2025 - Launch of Annealed Tinned Coated Copper, ₹2.19 crore capex, forward integration.
Annual reports
No data available.
Concalls
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Oct 2024TranscriptNotesPPT
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.