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Sunlite Recycling Industries (NSE:SUNLITE) ROE % : 301.05% (As of Mar. 2024)


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What is Sunlite Recycling Industries ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Sunlite Recycling Industries's annualized net income for the quarter that ended in Mar. 2024 was ₹356 Mil. Sunlite Recycling Industries's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was ₹118 Mil. Therefore, Sunlite Recycling Industries's annualized ROE % for the quarter that ended in Mar. 2024 was 301.05%.

The historical rank and industry rank for Sunlite Recycling Industries's ROE % or its related term are showing as below:

NSE:SUNLITE' s ROE % Range Over the Past 10 Years
Min: 40.59   Med: 60.77   Max: 75.26
Current: 75.26

During the past 4 years, Sunlite Recycling Industries's highest ROE % was 75.26%. The lowest was 40.59%. And the median was 60.77%.

NSE:SUNLITE's ROE % is ranked better than
99.15% of 2953 companies
in the Industrial Products industry
Industry Median: 6.16 vs NSE:SUNLITE: 75.26

Sunlite Recycling Industries ROE % Historical Data

The historical data trend for Sunlite Recycling Industries's ROE % 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 ROE % Chart

Sunlite Recycling Industries Annual Data
Trend Mar21 Mar22 Mar23 Mar24
ROE %
40.59 47.85 73.69 75.26

Sunlite Recycling Industries Quarterly Data
Mar21 Mar22 Mar23 Mar24
ROE % 162.36 191.39 294.75 301.05

Competitive Comparison of Sunlite Recycling Industries's ROE %

For the Electrical Equipment & Parts subindustry, Sunlite Recycling Industries's ROE %, along with its competitors' market caps and ROE % 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 ROE % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunlite Recycling Industries's ROE % distribution charts can be found below:

* The bar in red indicates where Sunlite Recycling Industries's ROE % falls into.



Sunlite Recycling Industries ROE % Calculation

Sunlite Recycling Industries's annualized ROE % for the fiscal year that ended in Mar. 2024 is calculated as

ROE %=Net Income (A: Mar. 2024 )/( (Total Stockholders Equity (A: Mar. 2023 )+Total Stockholders Equity (A: Mar. 2024 ))/ count )
=89.036/( (36.208+200.39)/ 2 )
=89.036/118.299
=75.26 %

Sunlite Recycling Industries's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as

ROE %=Net Income (Q: Mar. 2024 )/( (Total Stockholders Equity (Q: Mar. 2023 )+Total Stockholders Equity (Q: Mar. 2024 ))/ count )
=356.144/( (36.208+200.39)/ 2 )
=356.144/118.299
=301.05 %

* 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 the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. ROE % is displayed in the 30-year financial page.


Sunlite Recycling Industries  (NSE:SUNLITE) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=356.144/118.299
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(356.144 / 46650.836)*(46650.836 / 674.19)*(674.19 / 118.299)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.76 %*69.1954*5.699
=ROA %*Equity Multiplier
=52.59 %*5.699
=301.05 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=356.144/118.299
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (356.144 / 472.004) * (472.004 / 668.696) * (668.696 / 46650.836) * (46650.836 / 674.19) * (674.19 / 118.299)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7545 * 0.7059 * 1.43 % * 69.1954 * 5.699
=301.05 %

Note: The net income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Sunlite Recycling Industries ROE % Related Terms

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Sunlite Recycling Industries Business Description

Traded in Other Exchanges
N/A
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.

Sunlite Recycling Industries Headlines

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