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15 Days Price Change

Sunlite Recycling IPO

Closing In

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WEBSITE Inc. Year: 2022 Industry: Metal - Non Ferrous Listed Page

Profile
Issue Size --
Profile
Price Range 100  to  105 per share
Profile
Min Investment ₹105
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Sunlite Recycling Industries Limited is a company dedicated to sustainable waste management and recycling solutions. Founded with a mission to tackle environmental challenges, it specializes in recycling a variety of materials such as plastic, paper, and metals. Sunlite Recycling operates cutting-edge facilities with advanced technologies to efficiently process and transform waste into reusable materials. They provide services like waste collection, sorting, and processing for both industrial and residential clients. By promoting eco-friendly practices and resource conservation, Sunlite Recycling plays a vital role in reducing landfill waste and minimizing environmental impact. The company is committed to innovation, constantly seeking new methods to enhance recycling processes and broaden its reach. Through education and community engagement, Sunlite Recycling Industries Limited aims to foster a culture of sustainability and environmental responsibility. Read More

Basic Info

Face Value 10 per share

Price 100  to  105 per share

P/E (x) 7.2

Sales( Cr.) 1397

PAT( Cr.) 14

EPS 14.6

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Nitin Kumar Heda Prahladrai Ramdayal Heda Khushboo Manishkumar Heda.

Pre Issue Share Holding 89.24%

Post Issue Share Holding 78.14%

Listing Details:

Listing Price: 199.5

Listing Gain: 47.37%

Current Price: 460.1

Gain On Issue: 460.1 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Aug 12, 2024
Closing Date Aug 14, 2024
Allotment Aug 15, 2024
Refund Aug 16, 2024
Delivery of Shares Aug 16, 2024
Listing Date Aug 19, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 126,000
Retail (Max) 1 1200 126,000
S-HNI (Min) 2 2400 252,000
S-HNI (Max) 7 8400 882,000
B-HNI (Min) 8 9600 1,008,000

Objective of the Issue

1. Funding of capital expenditure towards the installation of new Plant and Machinery. 2. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company. 3. General Corporate Purpose.

Issue

Category Nos Bid Bid (x)
QIB 1440000 157032000 109.1x
NII 432000 252331200 584.1x
Retail 1008000 254016000 252x
EMP 0 0 0x
Total 2880000 813456000 282.5x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Sunlite Recycling Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1150 1166 1397
Other Income 0 0 0
Total Income 1150 1167 1397
Total Expenditure 1136 1148 1373
Operating Profit 15 19 24
Interest 5 5 3
Depreciation 2 2 2
Exceptional Income / Expenses 0 0 0
Profit Before Tax 8 12 19
Provision for Tax 2 3 5
Profit After Tax 6 9 14
Adjustments 0 0 0
Profit After Adjustments 6 9 14
Adjusted Earnings Per Share 14 11.2 13.1

Sunlite Recycling Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 4 19 60
Minority's Interest 0 0 0
Borrowings 22 3 5
Other Non-Current Liabilities 1 0 0
Total Current Liabilities 45 39 29
Total Liabilities 72 61 94
Fixed Assets 14 12 15
Other Non-Current Assets 1 0 3
Total Current Assets 57 49 77
Total Assets 72 61 94

Sunlite Recycling Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 2 0
Cash Flow from Operating Activities 2 11 8
Cash Flow from Investing Activities -3 -2 -6
Cash Flow from Financing Activities 3 -11 -2
Net Cash Inflow / Outflow 2 -2 -0
Closing Cash & Cash Equivalent 2 0 0

Sunlite Recycling Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 14.01 11.17 13.12
CEPS(Rs) 19.99 14.07 14.92
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 9.05 23.35 55.17
Core EBITDA Margin(%) 1.26 1.6 1.71
EBIT Margin(%) 1.07 1.42 1.59
Pre Tax Margin(%) 0.66 1.02 1.37
PAT Margin (%) 0.49 0.77 1.02
Cash Profit Margin (%) 0.7 0.97 1.16
ROA(%) 7.82 13.44 18.33
ROE(%) 154.74 80.14 36.27
ROCE(%) 24.52 32.01 36.3
Receivable days 3.71 4.05 4.4
Inventory Days 12.3 10.71 9.83
Payable days 5.26 2.71 2.26
PER(x) 0 0 6.99
Price/Book(x) 0 0 1.66
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.04 0.04 0.08
EV/Core EBITDA(x) 3.06 2.27 4.49
Net Sales Growth(%) 0 1.4 19.76
EBIT Growth(%) 0 35.12 34.11
PAT Growth(%) 0 59.5 59.71
EPS Growth(%) 0 -20.25 17.44
Debt/Equity(x) 12.83 1.87 0.15
Current Ratio(x) 1.27 1.25 2.63
Quick Ratio(x) 0.4 0.5 1.06
Interest Cover(x) 2.6 3.54 7.27
Total Debt/Mcap(x) 0 0 0.09

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 0% 0% 0%
Operating Profit CAGR 26% 0% 0% 0%
PAT CAGR 56% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 186% NA% NA% NA%
ROE Average 36% 90% 90% 90%
ROCE Average 36% 31% 31% 31%

Company Contact Information

Sunlite Recycling Industries Ltd.

Survey No. 270 A & Plot No. 1 Survey No. 267, Chhatha Mile Dantali, Vaso

IPO Lead Manager(s)

Sunlite Recycling Industries Ltd.

Hem Securities Ltd.

Registrar Info

Sunlite Recycling Industries Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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