Sunlite Recycling Industries (NSE:SUNLITE) Net-Net Working Capital: ₹-5.57 (As of Mar. 2026)

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NSE:SUNLITE Sunlite Recycling Industries Ltd NSE:SUNLITE
46 GF Score
Price ₹446.05
! 1 Warning Sign
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What is Sunlite Recycling Industries Net-Net Working Capital?

Sunlite Recycling Industries NSE:SUNLITE -1.56% 46 Net-Net Working Capital is ₹-5.57 as of Mar. 2026. GuruFocus rates NSE:SUNLITE with a GF Score™ of 46/100. The stock has 1 warning sign investors should review. Among 1,357 Industrial Products companies, Sunlite Recycling Industries ranks worse than 73691.89% on this metric.

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 Mar. 2026 was ₹-5.57.

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 not ranked *
in the Industrial Products industry.
Industry Median: 8.33
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

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


Sunlite Recycling Industries Net-Net Working Capital Historical Data

* Premium members only.

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.

Sunlite Recycling Industries Net-Net Working Capital Chart

Sunlite Recycling Industries Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net-Net Working Capital
Get a 7-Day Free Trial -18.91 -34.78 -15.70 2.79 -5.83

Sunlite Recycling Industries Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only -15.70 3.49 2.79 0.11 -5.57

NSE:SUNLITE vs VRT, BE: Net-Net Working Capital Comparison

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 Price-to-Net-Net-Working-Capital vs 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.


NSE:SUNLITE
46GF Score
Sunlite Recycling Industries Ltd NSE:SUNLITE
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 2026 is calculated as

Net-Net Working Capital(A: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(10.034+0.75 * 248.095+0.5 * 952.565-738.901
-0-0)/11.405
=-5.83

Sunlite Recycling Industries's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(10.034+0.75 * 248.095+0.5 * 952.565-738.901
-0-0)/11.932
=-5.57

* 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.

What does a Net-Net Working Capital of ₹-5.57 mean?
Sunlite Recycling Industries (NSE:SUNLITE) has a Net-Net Working Capital of ₹-5.57 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Sunlite Recycling Industries According to the industry distribution chart, Sunlite Recycling Industries ranks #999999 out of 1357 companies in the Industrial Products industry.
Is Sunlite Recycling Industries' Net-Net Working Capital too high?
Sunlite Recycling Industries' current Net-Net Working Capital is ₹-5.57. Based on the distribution chart, Sunlite Recycling Industries ranks #999999 out of 1357 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Sunlite Recycling Industries has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Sunlite Recycling Industries' Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, Sunlite Recycling Industries ranks #999999 out of 1357 companies for Net-Net Working Capital. This places Sunlite Recycling Industries in the lower half of its industry. The industry median Net-Net Working Capital is 8.33. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.33, based on 1,357 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Sunlite Recycling Industries For the Industrial Products industry, the median Net-Net Working Capital is 8.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunlite Recycling Industries's current Net-Net Working Capital is ₹-5.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunlite Recycling Industries stock overvalued right now?
Sunlite Recycling Industries (NSE:SUNLITE) has a current Net-Net Working Capital of ₹-5.57. The current Net-Net Working Capital is ₹-5.57. Sunlite Recycling Industries' overall GF Score™ is 46/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Sunlite Recycling Industries (NSE:SUNLITE), the current Net-Net Working Capital is ₹-5.57 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sunlite Recycling Industries Business Description

Address Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda, GJ, IND, 387350
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.
46GF Score

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