BSE: 0 | NSE: SUNLITE | Metal - Non Ferrous | Small Cap
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 Undervalued 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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| ROCE % ⓘ | 24.5% | 31.4% | - |
| Value Creation Index ⓘ | 0.8 | 1.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 1,150 | 1,166 | 1,166 |
| Sales YoY Gr. | - | 1.4% | - |
| Adj EPS ⓘ | 14.3 | 11.5 | 8.2 |
| YoY Gr. | - | -19.7% | - |
| BVPS (₹) ⓘ | 9.1 | 25.1 | 46.2 |
| Adj Net Profit ⓘ | 5.7 | 9.2 | 9 |
| Cash Flow from Ops. ⓘ | 2.4 | 11.3 | - |
| Debt/CF from Ops. ⓘ | 19.5 | 3.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 1.4% | ||||
| Adj EPS ⓘ | NA | NA | NA | -19.7% | ||||
| BVPSⓘ | NA | NA | NA | 176.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| Return on Equity % ⓘ | 157.7 | 77.6 | 23 |
| Op. Profit Mgn % ⓘ | 1.3 | 1.6 | NAN |
| Net Profit Mgn % ⓘ | 0.5 | 0.8 | 0.8 |
| Debt to Equity ⓘ | 12.8 | 1.7 | - |
| Working Cap Days ⓘ | 0 | 16 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 12 | 0 |
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%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.2 | - |
| TTM Sales (₹ Cr.) | 1,166 | - |
| BVPS (₹.) ⓘ | 46.2 | - |
| Reserves (₹ Cr.) ⓘ | 39 | - |
| P/BV ⓘ | 3.52 | - |
| PE ⓘ | 19.86 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 177 |
| Equity (₹ Cr.) | 10.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 18.1 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Sales | 1,150 | 1,166 |
| Operating Expenses ⓘ | 1,136 | 1,148 |
| Manufacturing Costs | 16 | 22 |
| Material Costs | 1,113 | 1,118 |
| Employee Cost | 1 | 1 |
| Other Costs ⓘ | 6 | 6 |
| Operating Profit ⓘ | 14 | 19 |
| Operating Profit Margin (%) | 1.3% | 1.6% |
| Other Income ⓘ | 0 | 0 |
| Interest ⓘ | 5 | 5 |
| Depreciation ⓘ | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 |
| Profit Before Tax ⓘ | 8 | 12 |
| Tax ⓘ | 2 | 3 |
| Profit After Tax | 6 | 9 |
| PAT Margin (%) | 0.5% | 0.8% |
| Adjusted EPS (₹) | 14.0 | 11.1 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 4 | 20 | ||||||||
| Share Capital ⓘ | 1 | 8 | ||||||||
| Reserves ⓘ | 3 | 12 | ||||||||
| Minority Interest | 0 | 0 | ||||||||
| Debt | 44 | 32 | ||||||||
| Long Term Debt | 22 | 3 | ||||||||
| Short Term Debt | 22 | 29 | ||||||||
| Trade Payables | 16 | 1 | ||||||||
| Others Liabilities ⓘ | 8 | 11 | ||||||||
| Total Liabilities ⓘ | 72 | 63 | ||||||||
Fixed Assets | ||||||||||
| Gross Block | 22 | 25 | ||||||||
| Accumulated Depreciation | 8 | 11 | ||||||||
| Net Fixed Assetsⓘ | 14 | 14 | ||||||||
| CWIP ⓘ | 0 | 0 | ||||||||
| Investmentsⓘ | 0 | 0 | ||||||||
| Inventories | 39 | 30 | ||||||||
| Trade Receivables | 12 | 14 | ||||||||
| Cash Equivalents | 2 | 0 | ||||||||
| Others Assetsⓘ | 5 | 5 | ||||||||
| Total Assets ⓘ | 72 | 63 | ||||||||
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | 11 |
| PBT ⓘ | 8 | 12 |
| Adjustment ⓘ | 7 | 7 |
| Changes in Working Capital ⓘ | -10 | -7 |
| Tax Paid ⓘ | -2 | 0 |
| Cash Flow From Investing Activity ⓘ | -3 | -2 |
| Capex | -3 | -2 |
| Net Investments | 0 | 0 |
| Others ⓘ | 0 | 1 |
| Cash Flow From Financing Activityⓘ | 3 | -12 |
| Net Proceeds from Shares ⓘ | -14 | 5 |
| Net Proceeds from Borrowing ⓘ | 11 | -19 |
| Interest Paid ⓘ | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 |
| Others ⓘ | 5 | 3 |
| Net Cash Flow ⓘ | 2 | -2 |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 154.74 | 75.26 | ||||||||
| ROCE (%) | 24.52 | 31.38 | ||||||||
| Asset Turnover Ratio | 16.06 | 17.3 | ||||||||
| PAT to CFO Conversion(x) | 0.33 | 1.22 | Working Capital Days | |||||||
| Receivable Days | 4 | 4 | ||||||||
| Inventory Days | 12 | 11 | ||||||||
| Payable Days | 5 | 3 | ||||||||
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
Copper wires
Copper strips
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Inatant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
