Synopsis:
Sunlite Recycling Industries Ltd. jumps 10% post-Q2 results: Revenue rose 76% YoY to ₹1,122.31 Cr in H1FY26, while Net Profit surged 103% to ₹14.34 Cr.
The shares of the Micro-Cap company specializing in manufacturing copper products by recycling copper scrap, and its products include copper rods, wires, earthing wires, strips, conductors, and wire bars, jumped upto 10 percent following their results with a 103 percent rise in Profit.
With a market capitalization of 261.07 Crores on Thursday, the shares of Sunlite Recycling Industries Limited jumped upto 10.4 percent, reaching a high of Rs. 249.00 compared to its previous close of Rs. 225.35.
What Happened
Its Revenue from operations rose by 76 percent YoY from Rs. 636.78 Crores in H1FY25 to Rs. 1122.31 Crores in H1FY26, and it rose by 48 percent half-yearly from Rs. 759.92 Crores in H2FY25 to Rs. 1122.31 Crores in H1FY26.
Its Net Profit YoY rose by 103 percent from Rs. 7.05 Crores in H1FY25 to Rs. 14.34 Crores in H1FY26, and it rose by 99 percent half-yearly from Rs. 7.21 Crores in H2FY25 to Rs. 14.34 Crores in H1FY26. The earnings per share (EPS) for the half-yearly period stood at Rs. 13.18, compared to Rs. 15.68 in the previous one.
The company has a strong financial position with a Return on Capital Employed (ROCE) of 36.1% and a Return on Equity (ROE) of 36.0%, indicating efficient use of capital and equity. Its debt-to-equity ratio is low at 0.15, suggesting minimal financial risk. The stock’s Price-to-Earnings (P/E) ratio of 18.4 is below the industry average of 24.2, which could imply the stock is undervalued relative to its peers.
Company Overview & Others
Sunlite Recycling Industries Limited (SRIL) was established as a proprietorship in 2012, initially focusing on the manufacturing of Oxygen Free Copper Rods (OFC). The company started with a manufacturing capacity of 250 MT per month and has made significant strides in the industry over the past decade. As the product portfolio expanded, SRIL’s commitment to excellence became even more evident, prompting the company to broaden its scope within the sector.
Today, SRIL is recognized as a premium manufacturer of high-quality copper products. These products are crafted from superior-grade copper, reflecting the company’s legacy of expertise and commitment to delivering innovative, tailor-made solutions. SRIL continues to serve the evolving demands of the market by leveraging groundbreaking technologies and innovative concepts.
SRIL’s diverse product portfolio includes Oxygen Free Copper Rods (OFC), Fire-Refined High Conductivity Copper Rods (FRHC), Wires, Earthing Wires, Conductors, Submersible Wires, and Earthing Strips. These products cater to various applications, including electrical transmission and distribution, power generation, and electronics.
Written by Sridhar J
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