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Sunlite Recycling Industries (NSE:SUNLITE) Net-Net Working Capital : ₹3.49 (As of Sep. 2024)


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What is Sunlite Recycling Industries Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Sunlite Recycling Industries's Net-Net Working Capital for the quarter that ended in Sep. 2024 was ₹3.49.

The industry rank for Sunlite Recycling Industries's Net-Net Working Capital or its related term are showing as below:

NSE:SUNLITE's Price-to-Net-Net-Working-Capital is ranked worse than
89.17% of 1357 companies
in the Industrial Products industry
Industry Median: 8.48 vs NSE:SUNLITE: 46.13

Sunlite Recycling Industries Net-Net Working Capital Historical Data

The historical data trend for Sunlite Recycling Industries's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sunlite Recycling Industries Net-Net Working Capital Chart

Sunlite Recycling Industries Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
-15.47 -18.91 -34.78 -16.16

Sunlite Recycling Industries Quarterly Data
Mar21 Mar22 Mar23 Dec23 Mar24 Sep24
Net-Net Working Capital Get a 7-Day Free Trial -18.91 -34.78 -32.38 -16.16 3.49

Competitive Comparison of Sunlite Recycling Industries's Net-Net Working Capital

For the Electrical Equipment & Parts subindustry, Sunlite Recycling Industries's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sunlite Recycling Industries's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunlite Recycling Industries's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Sunlite Recycling Industries's Price-to-Net-Net-Working-Capital falls into.


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Sunlite Recycling Industries Net-Net Working Capital Calculation

Sunlite Recycling Industries's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.734+0.75 * 142.24+0.5 * 296.956-431.734
-0-0)/10.880
=-16.16

Sunlite Recycling Industries's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(30.656+0.75 * 220.45+0.5 * 478.709-397.397
-0-0)/10.880
=3.49

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

Sunlite Recycling Industries  (NSE:SUNLITE) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.

Sunlite Recycling Industries Net-Net Working Capital Related Terms

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Sunlite Recycling Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunlite Recycling Industries Ltd (NSE:SUNLITE) » Definitions » Net-Net Working Capital
Comparable Companies
BOM:517236 BOM:517170 BOM:538706 BOM:532362 BOM:531215 BOM:504080 NSE:AKANKSHA BOM:542580 BOM:542679 NSE:EFORCE SZSE:300750 XSWX:ABBN HAM:OSR XKRX:373220 TSE:6503 BKK:DELTA VRT BSP:WEGE3 XPAR:LR SZSE:300124
Traded in Other Exchanges
N/A
Address
Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda, GJ, IND, 387350
Website
https://www.sunliteindustries.com
Sunlite Recycling Industries Ltd 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, it is also engaged in providing job work services for processing of various products of copper, wherein its customers provide company with the copper scrap and the company converts the copper scrap into copper wire and copper wire rod as per customer's requirement. It employs an internal quality control mechanism to ensure that its finished product conforms to the exact requirement of its customers.

Sunlite Recycling Industries Headlines

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