Sunlite Recycling Industries is evolving from a copper recycling company into an integrated multi-metal manufacturing platform, positioned to benefit from India’s accelerating electrification, renewable energy expansion, and recycling-led formalization.
- Positioned to benefit from India’s projected 3.3 MT copper demand by 2030
- Expanding into higher-margin value-added products including ATC wires and copper busbars
- Diversifying into aluminium through the acquisition of Sunlite Aluminium Pvt. Ltd.
- Strong FY26 performance: Revenue up 100% to ₹2,791 Cr; PAT up 187% to ₹41 Cr
- Targeting ₹3,500–₹4,000 Cr consolidated revenue by FY28
- BUY rating with Target Price of ₹815 (CMP ₹419)
The growth story is supported by rising copper demand from renewable energy, EV adoption, infrastructure development, favourable EPR regulations, value-added manufacturing expansion, and a capital-efficient recycling model.
Detailed analysis in the initiation coverage report.
