Nilkamal Reports 18% Revenue Growth to ₹948 Cr in Q2 FY26
06 Nov 2025
Sunlite Recycling Industries H1 FY26 financial results analysis with strong performance in copper recycling business
₹ 240
+6.61% increased today
06 Nov - 3:30 p.m.
Financial Performance Overview
Ahmedabad, India, November 6, 2025: Sunlite Recycling Industries Limited, a leading SME in copper recycling and manufacturing, announced its impressive financial results for the half year ended 30th September 2025, showcasing exceptional growth across all key parameters.
Key Financial Highlights (H1 FY26 - Standalone)
Revenue
₹1,122 Cr
+76% YoY
PBT
₹19.20 Cr
+103% YoY
PAT
₹14.34 Cr
+103% YoY
Basic EPS
₹13.18
+62% YoY
Reserves & Surplus
₹63.49 Cr
+29% Growth
Operating Margin
1.71%
Improved
Half-Yearly Performance Comparison (Standalone)
| Financial Metric | H1 FY26 | H1 FY25 | YoY Change | Performance |
|---|---|---|---|---|
| Revenue (₹ Lakhs) | 1,12,231 | 63,679 | +76% | Excellent |
| PBT (₹ Lakhs) | 1,919.60 | 943.49 | +103% | Outstanding |
| PAT (₹ Lakhs) | 1,434.46 | 705.96 | +103% | Exceptional |
| Basic EPS (₹) | 13.18 | 8.16 | +62% | Strong |
| Tax Expenses (₹ Lakhs) | 485.13 | 237.53 | +104% | Higher Profit |
Business Segment Performance
Copper Recycling Business Performance
Revenue Growth
76%
YoY Increase
Cost Efficiency
94.7%
Material Cost Ratio
Product Range
Copper Rods
Primary Product
Additional Products
Wires & Strips
Diversified
Market Position
SME Leader
Strong
ISO Certified
9001:2015
Quality Standard
Balance Sheet Strength
Financial Position Analysis
Total Assets
₹145.46 Cr
+54% Growth
Reserves & Surplus
₹63.49 Cr
+29% Growth
Net Worth
₹74.37 Cr
+24% Growth
Current Assets
₹126.16 Cr
+65% Growth
Inventories
₹68.37 Cr
+50% Growth
Trade Receivables
₹49.09 Cr
+152% Growth
Operational Efficiency Metrics
Cost Structure & Efficiency
| Expense Category | H1 FY26 (₹ Lakhs) | % of Revenue | YoY Change |
|---|---|---|---|
| Cost of Materials | 1,06,262.63 | 94.7% | +75% |
| Employee Costs | 145.33 | 0.13% | -2% |
| Finance Cost | 116.06 | 0.10% | -34% |
| Depreciation | 161.24 | 0.14% | +74% |
| Other Expenses | 1,614.38 | 1.44% | +47% |
*Note: Company maintains efficient cost structure with material costs being the primary component
Cash Flow Analysis
Cash Flow Performance (H1 FY26)
Operating Cash Flow
-₹9.90 Cr
Negative
Investing Cash Flow
-₹2.98 Cr
Capex
Financing Cash Flow
+₹13.05 Cr
Positive
Net Cash Increase
+₹0.17 Cr
Marginal
Cash Position
₹0.21 Cr
Low
Working Capital
Tight
Challenge
💡 Cash Flow Insights
The negative operating cash flow despite strong profits indicates significant working capital requirements due to rapid business growth. The company has managed this through increased borrowings, which is common in high-growth SME scenarios.
Stock Performance & Key Metrics
Sunlite Recycling Stock Analysis
Market Cap
₹261 Cr
Current Price
₹240
52W High / Low
₹249 / ₹91
Stock P/E
12.1
Book Value
₹68.4
Dividend Yield
0.00%
ROCE
36.1%
ROE
36.0%
Face Value
₹10.0
EPS
₹19.8
Debt to Equity
0.31
Total Debt
₹23.2 Cr
About Sunlite Recycling Industries Limited
Company Overview
Sunlite Recycling Industries Limited is a leading SME company engaged in the manufacturing of copper rods, wires, strips, and profiles through recycling processes. The company has established itself as a significant player in the copper recycling industry with ISO 9001:2015 certification.
🎯 Business Highlights
Overall Performance Assessment: Sunlite Recycling Industries delivered an exceptional H1 FY26 performance with 76% revenue growth and 103% PAT growth, demonstrating strong execution in the copper recycling business. The company shows impressive profitability ratios with ROE of 36.0% and ROCE of 36.1%. While working capital management remains a challenge due to rapid growth, the company maintains a healthy debt-to-equity ratio of 0.31. The stock trades at an attractive P/E of 12.1, which appears undervalued given the strong growth trajectory and efficient capital utilization. The 6.61% stock price increase reflects market recognition of the robust half-yearly performance.
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