August 12, 2024 - August 14, 2024

Sunlite Recycling Industries IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Sunlite Recycling Industries IPO.

Sunlite Recycling Industries IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

Sunlite Recycling Industries IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Sunlite Recycling Industries IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears relatively fully priced. Considering its scale of operations, investors may park funds for the long term. Read detail review...

Sunlite Recycling Industries IPO Peer Comparison

Sunlite Recycling Industries Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)
Sunlite Recycling Industries Limited	19.35	19.35	14.99	44.43
Rajnandini Metal Limited	0.55	0.55	24.71	26.94
Bhagyanagar India Ltd.	14.29	14.29	7.67	23.65

Notes:

All the financial information for listed industry peers mentioned above is sourced from the Annual Reports of the aforesaid companies for the year ended March 31, 2023, and stock exchange data dated May 13, 2024, to compute the corresponding financial ratios. For Sunlite Recycling Industries Limited, the company has taken the Current Market Price as the issue price of equity shares.
The P/E Ratio is based on the current market price of the respective scrips.
The EPS and RoNW of Sunlite Recycling Industries Limited are taken as per the Restated Financial Statement for the Financial Year 2022-23.
RoNW has been computed as net profit after tax divided by closing net worth.

Sunlite Recycling Industries IPO Review by Members

Sunlite Recycling Industries IPO Reviews, analysis and views by popular members. Read Sunlite Recycling Industries Limited IPO reviews by retail investors to find recommended ipo to buy.

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Sunlite Recycling Industries IPO Review Summary by Members

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