Table of content
Sunlite Recycling Introduction
Sunlite Recycling Industries Limited (SRIL), established in 2012, is a leading manufacturer of high-quality copper products. Initially focused on producing Oxygen Free Copper Rods (OFC) with a capacity of 250 MT per month, SRIL has significantly expanded its product portfolio and market presence over the past decade.
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Brief about
Summary of the business
Sunlite Recycling 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, we are also engaged in providing job work services for processing of various products of copper. Sunlite Recycling employ an internal quality control mechanism to ensure that our finished product conforms to the exact requirement of customers.
History
Sunlite Recycling company 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 bearing Corporate Identification Number U27200GJ2022PTC134540. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on January 12, 2024, the name of our 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, our 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 our 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. Our Company’s Corporate Identity Number is U27200GJ2022PLC134540.
| Effective Date/F.Y. | Key Events / Milestone / Achievements |
| September 28, 2017 | Established Partnership firm in the name of “M/s. Sunlite Industries”. |
| October 28, 2017 | Partnership firm was registered as on October 28, 2017 having registration number GUJVA200549. |
| August 04, 2022 | Conversion from the partnership firm into a Private Limited Company in the name of “Sunlite Alucop PrivateLimited”. |
| FY 2022-23 | Crossed Revenue of ₹1000 crores |
| January 18, 2024 | Change in the name of our Company from “Sunlite Alucop Private Limited” to “Sunlite Recycling IndustriesPrivate Limited” |
| April 30, 2024 | Conversion of Company from Private Limited Company into Public Limited Company. |
Promoters & Board of Directors
- The Promoters of our Company are
- Nitin Kumar Heda,
- Prahladrai Ramdayal Heda
- Khushboo Manishkumar Heda.
Board of directors
| Name of Directors | Designation |
| Nitin Kumar Heda | Managing Director |
| Prahladrai RamdayalHeda | Chairman & WholeTime Director |
| KhushbooManishkumar Heda | Non-ExecutiveDirector |
| Ronak AshokbhaiMehta | Independent Director |
| Jaimish GovindbhaiPatel | Independent Director |
Share Holding pattern
| Names | % Shares Held |
| Promoters | |
| Nitin Kumar Heda | 50% |
| Prahladrai Ramdayal Heda | 25% |
| Khushboo Manishkumar Heda | 25% |
| Total | 100% |
Strength
- Strong portfolio and diverse range of copper products
- Stringent quality control mechanism ensuring standardized product quality
- Revenue from multiple geographies in India
- Experienced Senior Management
Strategies
- Continue to invest in our technological capabilities
- Enhancing brand image & meeting quality standards
- Expand our geographical presence
- Strong and diversified supplier base for sourcing raw material
Industry Outlook
MANUFACTURING SECTOR IN INDIA
Manufacturing is emerging as an integral pillar in the country’s economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16-17% of India’s GDP pre-pandemic and is projected to be one of the fastest growing sectors. The machine tool industry was literally the nuts and bolts of the manufacturing industry in India. Today, technology has stimulated innovation with digital transformation a key aspect in gaining an edge in this highly competitive market.
Technology has today encouraged creativity, with digital transformation being a critical element in gaining an advantage in this increasingly competitive industry. The Indian manufacturing sector is steadily moving toward more automated and process-driven manufacturing, which is projected to improve efficiency and enhance productivity. India has the capacity to export goods worth US$ 1 trillion by 2030 and is on the road to becoming a major global manufacturing hub.
With 17% of the nation’s GDP and over 27.3 million workers, the manufacturing sector plays a significant role in the Indian economy. Through the implementation of different programmes and policies, the Indian government hopes to have 25% of the economy’s output come from manufacturing by 2025.
India now has the physical and digital infrastructure to raise the share of the manufacturing sector in the economy and make a realistic bid to be an important player in global supply chains.
A globally competitive manufacturing sector is India’s greatest potential to drive economic growth and job creation this decade. Due to factors like power growth, long-term employment prospects, and skill routes for millions of people, India has a significant potential to engage in international markets. Several factors contribute to their potential. First off, these value chains are well positioned to benefit from India’s advantages in terms of raw materials, industrial expertise, and entrepreneurship.
Second, they can take advantage of four market opportunities: expanding exports, localizing imports, internal demand, and contract manufacturing. With digital transformation being a crucial component in achieving an advantage in this fiercely competitive industry, technology has today sparked creativity. Manufacturing sector in India is gradually shifting to a more automated and process driven manufacturing which is expected to increase the efficiency and boost production of the manufacturing industry.
India is gradually progressing on the road to Industry 4.0 through the Government of India’s initiatives like the National Manufacturing Policy which aims to increase the share of manufacturing in GDP to 25 percent by 2025 and the PLI scheme for manufacturing which was launched in 2022 to develop the core manufacturing sector at par with global manufacturing standards.
India is planning to offer incentives of up to Rs. 18,000 crore (US$ 2.2 billion) to spur local manufacturing in six new sectors including chemicals, shipping containers, and inputs for vaccines.
Manufacturing has emerged as one of the high growth sectors in India. Prime Minister of India, Mr Narendra Modi, launched the ‘Make in India’ program to place India on the world map as a manufacturing hub and give global recognition to the Indian economy. Government aimed to create 100 million new jobs in the sector by 2022.
ROAD AHEAD
India is an attractive hub for foreign investments in the manufacturing sector. Several mobile phone, luxury and automobile brands, among others, have set up or are looking to establish their manufacturing bases in the country. The manufacturing sector of India has the potential to reach US$ 1 trillion by 2025. The implementation of the Goods and Services Tax (GST) will make India a common market with a GDP of US$ 3.4 trillion along with a population of 1.48 billion people, which will be a big draw for investors. The Indian Cellular and Electronics Association (ICEA) predicts that India has the potential to scale up its cumulative laptop and tablet manufacturing capacity to US$ 100 billion by 2025 through policy interventions.
One of the initiatives by the Government of India’s Ministry for Heavy Industries & Public Enterprises is SAMARTH Udyog Bharat 4.0, or SAMARTH Advanced Manufacturing and Rapid Transformation Hubs. This is expected to increase competitiveness of the manufacturing sector in the capital goods market. With impetus on developing industrial corridors and smart cities, the Government aims to ensure holistic development of the nation. The corridors would further assist in integrating, monitoring and developing a conducive environment for the industrial development and will promote advance practices in manufacturing.
COPPER INDUSRTRY
- The size of Indian copper industry (consumption of refined copper per annum) is around 6.6 lakh tonnes, which as percentage of world copper market is only three percent.
- Sterlite Industries, Hindalco Industries and Hindustan Copper Ltd. are major producers of refined copper in India.
- Production in India has declined significantly due to the permanent closure of Vedanta’s smelter/ refinery plant of Tamil Nadu in May, 2018.
The production of copper cathode in the organized sector by the public sector unit viz. Hindustan CopperLtd. (HCL), and private sector units viz. Hindalco Industries Ltd. (HINDALCO, Unit Birla Copper) and SesaSterlite Ltd. (SSL) in the country, during FY 2022-23 and the month of January 2024is as follows:
Factors Influencing Copper Markets
- Copper prices in India are fixed on the basis of the rates that rule on LME and Rupee & US Dollar exchange rate.
- Economic growth of the major consuming countries such as China, USA, Japan, Germany, India etc.
- Growth and development in the Infrastructure, Real-estate, Telecom and Electrical Industry, Renewable Energy and Electrical Vehicle Sector.
- Surplus/Deficit in copper market.
Overall Performance of Hindustan Copper Limited
HCL is the only domestic producer of Copper Ore. The production of Copper Ore duringJanuary2024was 3.34 lakh tonnes. Production during the corresponding period in the previous year was 3.53 lakh tonnes.
The production of Copper metal (cathode) by HCL during January, 2024 was NIL. HCL is selling Metal-in-Concentrate (MIC) in the market directly. The Production of refined Copper (Cathode) by HCL during the corresponding period in the previous year was 3.96 MT. MIC production of HCL during January, 2024 was 2,802 tonnes and it was 2,029 tonnes during the corresponding period in the previous year.
India’s copper consumption to grow by ~11% in FY2024 and FY2025, despite global headwinds
The Central Government’s massive infrastructure development plans, growing urbanization levels, Housing for All schemes, transition to renewable energy along with investment in the metro rail network and railway electrification are likely to sustain domestic copper demand growth.
While global copper consumption growth would remain tepid at ~2% in CY2023, ICRA projects domestic copper demand growth at a healthy ~11% in FY2024 and FY2025.
Business Data
Verticals
- COPPER RODS
- Oxygen Free Copper Rods(OFC)
- Fire-Refined High Conductivity Copper Rods-(FRHC)
- COPPER WIRES
- Copper Earthing Wires:
- Copper conductors
- Copper Submersible Wires
- COPPER STRIPS
Product wise break-up
| Particular | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | ||||
| Revenue | % total sales | Revenue | % total sales | Revenue | % total sales | Revenue | % total sales | |
| Copper Rod | 76386.23 | 89.69 | 1,02,706.31 | 89.3 | 83,209.07 | 88.79 | 28,480.67 | 72.31 |
| Copper Wire | 5205.38 | 6.11 | 8,335.16 | 7.25 | 6,667.98 | 7.11 | 7,424.75 | 18.85 |
| Copper Strips | 1726.22 | 2.03 | 1,658.08 | 1.44 | 2,707.68 | 2.89 | 2,642.85 | 6.71 |
| Others | 1850.48 | 2.17 | 2,319.34 | 2.02 | 1134.58 | 1.21 | 840.05 | 2.13 |
| Total | 85,168.31 | 100 | 1,15,018.89 | 100 | 93,719.32 | 100 | 39,388.31 | 100 |
Revenue contribution from Geography presence
Rs. in Lakhs
| Name of State | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | ||||
| Revenue | % to total sales | Revenue | % to total sales | Revenue | % to total sales | Revenue | % to total sales | |
| Gujarat | 38,351.98 | 45.03% | 51,275.98 | 44.58% | 35,718.51 | 38.11% | 19,463.83 | 49.42% |
| Dadra and Nagar Haveli | 19,415.80 | 22.8% | 22,178.12 | 19.28% | 8,408.67 | 8.97% | 4,582.96 | 11.64% |
| Maharashtra | 12,212.79 | 14.34% | 17,861.43 | 15.53% | 12,000.75 | 12.8% | 7,194.25 | 18.26% |
| Telangana | 6,075.81 | 7.13% | 10,615.85 | 9.23% | 25,805.90 | 27.54% | 4,323.19 | 10.98% |
| Madhya Pradesh | 3,117.89 | 3.66% | 5,349.60 | 4.65% | 4,839.38 | 5.16% | 566.02 | 1.44% |
| Total | 79,174.27 | 92.96% | 1,07,280.98 | 93.27% | 86,773.21 | 92.58% | 36,130.25 | 91.74% |
Customer dependency
- Top 10 and top 5 customers contributed 40.19%, 31.22%, 41.96% and 28.61% respectively for the period ended December 31, 2023 and FY ending 2023, 2022 & 2021 and 28.63%, 20.57%, 30.94% and 17.91% respectively for the period ended December 31, 2023 and FY ending 2023, 2022 & 2021 of revenues from operations.
Supplier dependency
- Purchases from our top ten suppliers amounted to Rs. 47,350.16 Lakhs, Rs. 51,255.52 Lakhs, Rs. 42,878.54 Lakhs and Rs. 15,373.63 Lakhs respectively which represented 57.88%, 45.58%, 46.59% and 40.00% of total raw material purchases.
Machinery/Plants/Factory
- Company have a manufacturing unit at Dantali, Kheda in Gujarat,
Capacity Utilisation
| Particulars | For the period and financial year ended | |||
| FY 2020-21 | FY 2021-22 | FY 2022-23 | December 31, 2023 | |
| COPPER RODS | ||||
| Installed Capacity (MT) | 9480 | 14180 | 16580 | 12435 |
| Actual Production (MT) | 5186.21 | 11497.25 | 14426.36 | 10601.05 |
| Capacity Utilization (in %) | 54.71% | 81.08% | 87.01% | 85.25% |
| COPPER WIRES | ||||
| Installed Capacity (MT) | 1800 | 1900 | 1900 | 1425 |
| Actual Production (MT) | 1465.22 | 917.43 | 1178.23 | 707.45 |
| Capacity Utilization (in %) | 81.40% | 48.29% | 62.01% | 49.65% |
| COPPER STRIPS | ||||
| Installed Capacity (MT) | 720 | 720 | 720 | 540 |
| Actual Production (MT) | 508.93 | 377.02 | 234.69 | 238.25 |
| Capacity Utilization (in %) | 70.68% | 52.36% | 32.60% | 44.12% |
Competition
The copper recycling industry is extremely competitive where the key factors of competition primarily comprise of product quality, cost, delivery, development and management. In this highly competitive industry, we compete with other copper alloy manufacturers and suppliers in the world and in India. Some of our competitors have better penetration in some of the geographical locations that we operate in. Sunlite Recycling believe that with our cost effective and integrated facility, our focus on customer satisfaction and our reliability combined with our quality consciousness provides us with competitive advantage in many of our products. While these factors are key parameters in-client’s decisions matrix in purchasing goods; product range, product quality and product price is often the deciding factor in most of the deals. Some of Sunlite Recycling significant competitors in the organized segment includes Rajnandini Metal Limited and Bhagyanagar India Limited.
Peer companies comparison
(₹ In lakhs)
| Name of Company | Current Market Price (₹) | Face Value | EPS | PE | RoNW (%) | Book Value (₹) | Total Income |
| Sunlite Recycling Industries Limited | 105 | 10 | 14.01 | 7.5 | 154.74% | 9.05 | 1,15,039.91 |
| Peer Group | |||||||
| Rajnandini Metal Limited | 10.55 | 10 | 0.50 | 21.10 | 33.02% | 1.50 | 1,03,905.00 |
| Bhagyanagar India Limited | 114.60 | 2 | 3.17 | 36.15 | 6.86% | 46.15 | 1,84,752.32 |
(₹In Lakhs except percentages and ratios)
| Key Financial Performance | Sunlite Recycling Industries Ltd | Bhagyanagar India Limited | Rajnandini Metal Limited | ||||||
| FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2022-23 | FY 2021-22 | FY 2020-21 | |
| Revenue from operations | 1,15,018.88 | 93,719.32 | 39,388.31 | 1,84,659.07 | 1,57,363.46 | 78,736.40 | 1,02,888.00 | 1,02,825.00 | 63,091.74 |
| EBITDA | 1,422.88 | 990.75 | 700.17 | 3,067.05 | 2,939.60 | 1811.13 | 1,942.00 | 1,801.00 | 1,068.30 |
| EBITDA Margin (%) | 1.24% | 1.06% | 1.78% | 1.66% | 1.87% | 2.30% | 1.89% | 1.75% | 1.69% |
| PAT | 560.27 | 426.03 | 252.55 | 1,013.04 | 1,108.18 | 347.78 | 1,368.00 | 1,002.00 | 506.72 |
| PAT Margin (%) | 0.49% | 0.45% | 0.64% | 0.55% | 0.70% | 0.44% | 1.33% | 0.97% | 0.80% |
| RoE(%) | 73.69% | 47.85% | 49.08% | 7.11% | 8.40% | 2.79% | 38.52% | 40.76% | 29.74% |
| RoCE (%) | 24.05% | 22.85% | 24.77% | 6.98% | 8.70% | 4.58% | 25.05% | 22.37% | 17.21% |
Group companies
- Sunlite Aluminium Private Limited
SWOT ANALYSIS
- Strengths
- Sustainable Practices: Sunlite Recycling Industries Limited is known for its commitment to sustainable and eco-friendly recycling processes.
- Strong Market Position: The company has established a strong presence in the recycling industry, with a solid customer base and reliable supply chain.
- Innovative Technology: Utilizes advanced recycling technologies that enhance efficiency and reduce waste.
- Weaknesses
- High Operational Costs: The cost of maintaining and upgrading recycling technology can be high, impacting profitability.
- Regulatory Compliance: Navigating complex environmental regulations can be challenging and resource-intensive.
- Limited Diversification: The company’s focus on recycling may limit its ability to diversify into other profitable sectors.
- Opportunities
- Growing Environmental Awareness: Increasing global awareness about environmental issues can drive demand for recycling services.
- Government Incentives: Potential for government grants and subsidies aimed at promoting sustainable practices.
- Expansion into New Markets: Opportunities to expand services into new geographic regions or related industries.
- Threats
- Intense Competition: The recycling industry is highly competitive, with many players vying for market share.
- Economic Downturns: Economic instability can reduce the volume of recyclable materials and impact revenue.
- Regulatory Changes: Changes in environmental laws and regulations can affect operations and increase compliance costs.
Business risk factors
- Sunlite Recycling production costs are vulnerable to fluctuations in raw material prices, especially Copper scrap. Currently, we haven’t secured any long-term supply agreements for the raw materials we need.
- The raw material consumption contribution is 96.25 %, 97.53 %, 97.82 % and 97.54 % of revenue from manufacturing activities for the period ended December 31, 2023 and financial year ended March 31, 2023, 2022 and 2021 respectively.
- Sunlite Recycling is primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials. Any disruption in the supply of these raw materials due to fluctuations in the prices could have a material adverse effect on our business operations and financial conditions.
- purchases from our top ten suppliers amounted to Rs. 47,350.16 Lakhs, Rs. 51,255.52 Lakhs, Rs. 42,878.54 Lakhs and Rs. 15,373.63 Lakhs respectively which represented 57.88%, 45.58%, 46.59% and 40.00% of our total raw material purchases.
- Sunlite Recycling generate major portion of sales from our operations in certain geographical regions and any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
- Sunlite Recycling generate major domestic sales from the State of Gujarat. For the nine months’ period ended Dec.’23 and financial year ended March 31, 2023, March 31, 2022 & March 31, 2021 we derived major portion of our revenue from the state of Gujarat i.e. 45.03%, 44.58%, 38.11% and 49.42% of total revenue from operations, respectively. Further, our revenue from top-5 states for the nine months’ period ended Dec.’23 and financial year ended March 31, 2023, March 31, 2022 & March 31, 2021 accounted for 92.96%, 93.27%, 92.58% and 91.74% of total revenue from operations, respectively.
- Sunlite Recycling top 10 and top 5 customers contribute majority of our revenues from operations for the period ended December 31, 2023 and for the year ended March 31, 2023, 2022 and 2021. Any loss of business from one or more of them may adversely affect our revenues and profitability.
- Top 10 and top 5 customers contributed 40.19%, 31.22%, 41.96% and 28.61% respectively for the period ended December 31, 2023 and FY ending 2023, 2022 & 2021 and 28.63%, 20.57%, 30.94% and 17.91% respectively for the period ended December 31, 2023 and FY ending 2023, 2022 & 2021 of revenues from operations.
- Majority of revenue is dependent on single business segment i.e. copper rods. An inability to anticipate or adapt to evolving upgradation of products or inability to ensure product quality or reduction in the demand of such products may adversely impact our revenue from operations and growth prospects.
- Majority of revenue is dependent on single business segment i.e. copper rods, which accounted for 89.69%, 89.30%, 88.79% & 72.31% of our total revenue from operations, respectively for the period and F.Y ending December 31, 2023, March 31, 2023, March 31, 2022 & March 31, 2021.
- Sunlite Recycling is a high volume-low margin business. Any disruption in our turnover or failure to regularly grow the same may have a material adverse effect on our business, results of operations and financial condition.
- Sunlite Recycling Group Company i.e. Sunlite Aluminium Private Limited operate in the similer line of business as us, which may lead to conflict of interest.
- Sunlite Recycling is subject to competition from both organized and unorganized players in the market, which may significantly affect the fixation and realisation of the price for our product, which may adversely affect our business operation and financial condition.
Financials
Key Financial Ratios
| Particulars | For the period/financial year ended | |||
| December 31, 2023 | March 31, 2023 | March 31, 2022 | March 31, 2021 | |
| Current Ratio | 1.46 | 1.27 | 1.4 | 1.37 |
| Debt Equity Ratio | 5.25 | 12.83 | 2.19 | 2.75 |
| Debt Service Coverage Ratio | 1.76 | 2.02 | 2.39 | 2.31 |
| Return On Equity Ratio | 79.76% | 73.69% | 47.85% | 49.08% |
| Inventory Turnover ratio | 19.62 | 35.44 | 51.95 | 47.5 |
| Trade Receivable Turnover Ratio | 55.02 | 137.49 | 158.31 | 59.03 |
| Trade Payable Turnover Ratio | 49.9 | 91.75 | 93.07 | 44.45 |
| Net Capital Turnover Ratio | 46.3 | 105.48 | 113.96 | 73.72 |
| Net Profit Ratio | 0.70% | 0.49% | 0.45% | 0.64% |
| Return on Capital Employed | 16.12% | 24.05% | 22.85% | 24.77% |
| Return on investment | 12.33% | 16.82% | 17.56% | 15.44% |
Key Performance Indicators
(₹In Lakhs except percentages and ratios)
| Key Financial Performance | As at the Period/Year ended | |||
| December 31, 2023 | FY 2022-23 | FY 2021-22 | FY 2020-21 | |
| Revenue from operations | 85,168.31 | 1,15,018.88 | 93,719.32 | 39,388.31 |
| EBITDA | 1,327.24 | 1,422.88 | 990.75 | 700.17 |
| EBITDA Margin | 1.56% | 1.24% | 1.06% | 1.78% |
| PAT | 599.93 | 560.27 | 426.03 | 252.55 |
| PAT Margin | 0.70% | 0.49% | 0.45% | 0.64% |
| RoE(%) | 79.76% | 73.69% | 47.85% | 49.08% |
| RoCE (%) | 16.12% | 24.05% | 22.85% | 24.77% |
| Net Worth | 1,142.29 | 362.08 | 1,158.58 | 622.18 |
Balance Sheet
(Amount in Rs. Lakhs)
| Particulars | As at the Period/Year ended | |||
| December 31, 2023 | March 31, 2023 | March 31, 2022 | March 31, 2021 | |
| EQUITY AND LIABILITIES | ||||
| Shareholders’ Funds | 1,142.29 | 362.08 | 1,158.58 | 622.18 |
| Non-Current Liabilities | 2,814.63 | 2,305.42 | 1,210.22 | 1,348.33 |
| Current Liabilities | 5,378.23 | 4,495.06 | 2,433.24 | 1772.67 |
| Total | 9,335.16 | 7,162.56 | 4,802.05 | 3,743.20 |
| ASSETS | ||||
| Non-Current Assets | 1,473.19 | 1,471.99 | 1,383.08 | 1,311.17 |
| Current Assets | 7,861.96 | 5,690.57 | 3,418.68 | 2,432.03 |
| Total | 9,335.16 | 7,162.56 | 4,802.05 | 3,743.20 |
Profit & Loss
(₹ in lakhs except percentage)
| Particulars | For the period and financial year ended | |||
| December 31, 2023 | F.Y. 2022-23 | F.Y. 2021-22 | F.Y. 2020-21 | |
| Revenue from Operations | 85,168.31 | 115,018.88 | 93,719.32 | 39,388.31 |
| PBT | 789.91 | 755.49 | 564.53 | 375.42 |
| PBT Margin(%) | 0.93% | 0.66% | 0.60% | 0.95% |
| PAT | 599.93 | 560.27 | 426.03 | 252.55 |
| PAT Margin (%) | 0.70% | 0.49% | 0.45% | 0.64% |
Cash Flow
(₹ in lakhs)
| Particulars | For the period and financial year ended | |||
| December 31, 2023 | F.Y. 2022-23 | F.Y. 2021-22 | F.Y. 2020-21 | |
| Net Cash flow from Operating Activities | 19.27 | 248.79 | -776.6 | 347.35 |
| Net Cash flow from Investing Activities | -191.01 | -324.6 | -228.83 | -1,105.46 |
| Net Cash flow from Financing Activities | 975.46 | 274.26 | 629.43 | 1,134.46 |
Capital structure
(Amount in Rs. Lakhs)
| Particulars | Pre issue |
| Debts | |
| Long Term Debt | 2739.61 |
| Short Term Debt | 3256.58 |
| Total Debt | 5996.19 |
| Equity Shareholders Funds | |
| Equity Share Capital | 50.00 |
| Reserves and Surplus | 1092.29 |
| Total Equity | 1142.29 |
| Long Term Debt/ Equity Ratio | 2.40 |
| Total Debt/ Equity Ratio | 5.25 |
IPO Details
Sunlite Recycling Industries Limited IPO Details
| Parameter | Details |
|---|---|
| IPO Type | Book Built Issue |
| Issue Size | ₹30.24 Crores |
| Issue Type | Fresh Issue |
| No. of Shares | 28.8 Lakh Shares |
| Issue Price | ₹100 – ₹105 per share |
| Minimum Order Quantity | 1200 Shares |
| Issue Open Date | August 12, 2024 |
| Issue Close Date | August 14, 2024 |
| Allotment Date | August 16, 2024 |
| Listing Exchange | NSE SME |
| Listing Date | August 20, 2024 |
| Registrar | Cameo Corporate Services Limited |
Object of the issue
| Particulars | Amount (₹ in Lakhs) |
| Funding of capital expenditure towards installation of new Plant & Machinery | 434.26 |
| Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company; | 1580.00 |
| General Corporate Purpose |
Litigation involved
Gray Market Premium
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Thank you for this informative and engaging article. The examples you’ve provided make it much easier to understand the concepts you’re discussing.
This is very well-written and informative.