Sunlite Recycling Industries Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 3 Aug 2026 | Industrial Products | Market Cap: ₹678 Cr
FY26 revenue expected around INR2,400 to INR2,500 crores. Revenue is expected to grow from INR1,150 crores in H1 FY26 to approximately INR2,400-2,500 crores by the end of FY26.
From Sunlite Recycling Industries Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹482
Market Cap
₹678 Cr
P/E Ratio
16.9
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📊 Revenue & Sales Performance
- →FY26 revenue expected around INR2,400 to INR2,500 crores.
- →H2 FY26 projected to grow ~10% over H1 FY26 revenue of INR1,150 crores.
- →FY27 anticipated 10-15% revenue growth compared to FY26.
- →FY27-28 expected revenue of INR3,000 to INR3,500 crores with copper cathode plant commencement.
- →New copper cathode plants planned adding INR1,300 crores capacity each in FY27-28 and later years.
- →Targeting revenue of approximately INR5,000 crores in the next 4-5 years.
- →Capacity utilization and forward integration (Busbar, ATC) to boost margins and revenue.
- →Focus on increasing value-added product share in revenue from current 10% to around 30% by FY27.
📈 Profitability & Margins
- →Revenue is expected to grow from INR1,150 crores in H1 FY26 to approximately INR2,400-2,500 crores by the end of FY26.
- →FY27 revenue is projected to grow by 10% to 15% over FY26.
- →By FY27-28, revenue is expected to reach around INR3,500 crores with the commencement of the copper cathode plant.
- →Over the next 4-5 years, the company targets a revenue of around INR5,000 crores.
- →EBITDA margins are anticipated to improve gradually but exact percentages are uncertain; management expects improvement from current ~2% to higher levels.
- →PAT margin was around 1.28% and management hopes to increase it to approximately 1.35% in the near term.
- →Earnings growth drivers include capacity expansion, forward integration into value-added products (aiming to increase share from 10% to 30%), and backward integration through copper cathode plants.
- →EBITDA per tonne has risen from INR15,400 to INR17,500 due to forward integration and capacity increases, with scope for further improvement.
🏗️ Capital Expenditure Plans
- →Current CapEx includes INR 40 crores planned for the copper cathode capacity, expected to be implemented in phases till FY28.
- →Copper cathode plant will support backward and forward integration, increasing both revenue and margins.
- →Expansion of high-margin products like ATC wire and Copper busbar is underway, with busbar capacity expected to reach 70% utilization by year-end.
- →Future plans include doubling ATC wire capacity and potentially adding new plants of INR 1,300 crores each in FY27-28.
- →Sunlite Aluminium Private Limited, a subsidiary, will expand its aluminium plant, leveraging tax benefits and subsidies.
- →CapEx funding strategies (debt vs. equity) will be decided closer to the time based on subsidies and company needs.
- →The company targets nearly INR 5,000 crores revenue in the next 4-5 years through capacity expansions and new plants.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Sunlite Recycling Industries Ltd Q2 FY26 results?
FY26 revenue expected around INR2,400 to INR2,500 crores. Revenue is expected to grow from INR1,150 crores in H1 FY26 to approximately INR2,400-2,500 crores by the end of FY26.
What is Sunlite Recycling Industries Ltd share price analysis?
Sunlite Recycling Industries Ltd currently shows a neutral. The stock trades at a P/E of 16.9 with a market cap of ₹678 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sunlite Recycling Industries Ltd planning capital expenditure?
Current CapEx includes INR 40 crores planned for the copper cathode capacity, expected to be implemented in phases till FY28. - Copper cathode plant will support backward and forward integration, increasing both revenue and margins. - Expansion of high-margin products like ATC wire and Copper busbar is underway, with busbar capacity expected to reach 70% utilization by year-end. - Future plans include doubling ATC wire capacity and potentially adding new plants of INR 1,300 crores each in FY27-28. - Sunlite Aluminium Private Limited, a subsidiary, will expand its aluminium plant, leveraging tax benefits and subsidies. - CapEx funding strategies (debt vs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.