Is Sunlite Recycling Industries the Best Stock in Its Sector? A Look at the Numbers

Is Sunlite Recycling Industries the best stock in its sector? The stock trades on the NSE at Rs 717 as of 19 October 2026, within its 52-week range of Rs 164.95 to Rs 753.00. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.

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About Sunlite Recycling Industries

Sunlite Recycling Industries Ltd specialises in manufacturing copper products by recycling copper scrap, and its outputs are used in power generation, transmission, distribution and electronics. Its products include copper rods, wires, earthing wires, strips, conductors and wire bars, and it also offers job work for processing copper products. Company information shows it began as a partnership firm, became a public limited company in April 2024 and is based in Kheda. At a market capitalisation of Rs 990 Cr, it is tracked as part of the Copper Products sector on Univest.

Is Sunlite Recycling Industries the Best Stock in Its Sector?

Sunlite Recycling Industries' case in the sector rests on return quality rather than cheap valuation, since the stock trades at a premium to its Industry P/E. Sunlite Recycling Industries' 24.15x P/E is below Gravita India at 28.15x and KEI Industries at 43.94x, though above the 12.34x Industry P/E, while its 25.37% ROE is higher than Gravita India at 15.45% and KEI Industries at 13.78%, and its debt to equity ratio of 0.13 is below Gravita India at 0.30, though above KEI Industries at 0.04.

Metric	Sunlite Recycling Industries
CMP (NSE)	Rs 717.15
52-Week High / Low	Rs 753.00 / Rs 164.95
Market Cap	Rs 990 Cr
P/E (TTM) vs Industry P/E	24.15x vs 12.34x
P/B	6.13
ROE	25.37%
EPS (TTM)	Rs 29.70
Dividend Yield	0.14%
Debt to Equity	0.13

Compare Sunlite Recycling Industries Against Other Copper Products Sector Stocks

How Sunlite Recycling Industries Compares Against Its Copper Products Sector Peers

The table below sets Sunlite Recycling Industries against 2 other Copper Products sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Sunlite Recycling Industries	990	24.15	25.37%	0.13
Gravita India	11,025	28.15	15.45%	0.30
KEI Industries	43,797	43.94	13.78%	0.04
Peer average (2 companies)	-	36.05	14.61%	0.17

Measured against the peer averages, Sunlite Recycling Industries' P/E is 33 percent below the 36.05x average, and its ROE is 10.76 percentage points above the 14.61% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.

What Makes Sunlite Recycling Industries Worth Watching in Copper Products

• Scale: At Rs 990 Cr, its market capitalisation is smaller than Gravita India (Rs 11,025 Cr) and KEI Industries (Rs 43,797 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
• Sector drivers: Demand from power and electrical users and the spread between copper scrap and finished product prices drive its earnings.
• Key risk: The share has rallied strongly and trades at roughly double its Industry P/E, so any slip in copper prices or scrap availability could test that valuation.

Sunlite Recycling Industries Valuation: Is It Justified?

At a P/B ratio of 6.13, the market pays about Rs 6.13 for every rupee of book value, and the EPS (TTM) of Rs 29.70 is the earnings base behind the P/E. The stock trades about 5 percent below its 52-week high and about 4.3 times its 52-week low. The dividend yield of 0.14% is a modest income component, so returns depend mainly on the share price. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.

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Download the Univest iOS App or Univest Android App to track Sunlite Recycling Industries and other Copper Products sector stocks.

How to Track Sunlite Recycling Industries Before You Invest

Before deciding whether Sunlite Recycling Industries deserves its label as the best stock in its sector for your own portfolio, compare it directly against Copper Products sector peers using the steps below.

1. Open the Univest Screener and search for Sunlite Recycling Industries to view live price, valuation ratios, and peer comparisons within the Copper Products sector.
2. Compare its P/E, P/B, and ROE against other Copper Products sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Sunlite Recycling Industries gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Copper Products depends on how much weight you give each of them and on how the business executes from here. Because the stock trades above its sector benchmark, execution matters more than usual if the current valuation is to hold. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Is Sunlite Recycling Industries the best stock in its sector?

Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. Sunlite Recycling Industries has a 25.37% ROE and trades at 24.15x P/E against a 12.34x Industry P/E. Against the 2 peers compared in this article, its ROE is above the 14.61% peer average and its P/E is below the 36.05x peer average. Its debt to equity ratio of 0.13 is below the 0.17 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.

What is the current share price of Sunlite Recycling Industries?

Ans. Sunlite Recycling Industries was trading at Rs 717.15 on the NSE as of 19 October 2026, and its 52-week range runs from Rs 164.95 to Rs 753.00. That leaves the share price 5 percent short of the 52-week high and 4.3 times the 52-week low. Its market capitalisation is Rs 990 Cr and its EPS (TTM) is Rs 29.70, which is the earnings figure behind the 24.15x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.

What sector does Sunlite Recycling Industries belong to?

Ans. Sunlite Recycling Industries is classified under the Copper Products sector on Univest, and that group of listed companies is the reference point for the 12.34x Industry P/E used in this article. The 2 named peers compared here are Gravita India and KEI Industries, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Copper Products sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.

How does Sunlite Recycling Industries compare to its sector peers on P/E?

Ans. Sunlite Recycling Industries' P/E of 24.15x is below the 36.05x average of the 2 named peers, with Gravita India at 28.15x and KEI Industries at 43.94x. It also sits above the 12.34x Industry P/E, which is the benchmark for the wider Copper Products sector. A P/E that is below a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 6.13 gives one more view of how the market values its book value.

What is Sunlite Recycling Industries' return on equity?

Ans. Sunlite Recycling Industries reported a return on equity of 25.37%, which is above the 14.61% average of its named peers, with Gravita India at 15.45% and KEI Industries at 13.78%. ROE shows how much profit a company generates on every rupee of shareholders' equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.13 against a peer average of 0.17. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.

Should I invest in Sunlite Recycling Industries based on its sector position?

Ans. Sector position is only one input into an investment decision. Sunlite Recycling Industries has a 25.37% ROE and a 24.15x P/E, which make it worth researching further, and its dividend yield is 0.14%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.