Reprocesses synthetic and PET bottle waste as its stated line of business, but FY26 filings disclose no production activities took place during the year. Net revenue of Rs. 75.08 lakhs in FY26 was down roughly 36% from Rs. 116.93 lakhs in FY25, and the return to a Rs. 3.85 lakh net profit was driven primarily by exceptional items of Rs. 40.06 lakhs from asset sales rather than operations. Operating cash flow swung to a negative Rs. 80.39 lakhs from a positive Rs. 270.27 lakhs the prior year, and other equity stands deeply negative at Rs. 639.04 lakhs, indicating severe capital erosion. Q4 FY26 itself posted a loss of Rs. 5.50 lakhs on total income of Rs. 32.07 lakhs. Cost structure shows materials at 117.9% of revenue, employee cost at 3.8%, other opex at 9.7%, depreciation at 8.2% and capex at 0.0% of revenue, with no production recorded. The board has approved amending the Main Object Clause to add real estate development (residential, commercial, industrial, township and infrastructure) and general trading/import-export, subject to shareholder approval, signalling a planned pivot away from the existing synthetic-waste business. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Reprocessing of synthetic and PET bottle waste. Small-cap, near-dormant textiles/synthetic-waste reprocessor with no FY26 production and severely eroded capital
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 8 | 5 | 2 | 1 | 1 |
| EBITDA (ex other income) | 1 | 0 | 0 | (1) | 0 |
| margin % | 18.9 | 3.5 | 18.1 | (43.1) | 3.3 |
| Owners' profit | 0 | (0) | 0 | (1) | 0 |
| EPS, as reported (₹) | 0.35 | (0.25) | 0.26 | 1.14 | 0.08 |
| ROE % · ROCE % | 0.0 · 0.0 | 266.4 · 8.8 | 157.6 · 10.7 | 116.9 · 163.5 | (8.7) · (14.8) |
| Debt / equity (x) | 66.85 | (103.53) | 56.90 | (0.10) | (0.39) |
| Cash from operations | 2 | 1 | (0) | 3 | (1) |
| Capex | (0) | 0 | 0 | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | 0 | 0 | 0 | (0) | 0 | (0) | 0 |
| Net profit | (0) | 0 | 0 | 0 | (0) | 0 | (0) | 0 |
| EPS (₹) | (0.38) | 0.22 | 0.03 | 0.12 | 0.08 | 0.15 | 0.11 | 0.03 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,974 | 41.6 | 6.66 | 27.5 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 19,663 | 71.5 | 3.95 | 25.3 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,368 | 19.0 | 1.55 | 12.4 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,965 | 30.1 | 2.51 | 14.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · Suncity Synthetics publishes 38th AGM notice in Marathi newspaper | compliance | minimal | — | — |
| 2 Sept 2026 · Newspaper Publication of 38th AGM Notice and E-voting Details | compliance | minimal | — | — |
| 1 Sept 2026 · 38th AGM notice and annual report for FY 2025-26, meeting on September 25 2026 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Annual Report FY25-26 weblink sent to shareholders, AGM on Sep 25 | compliance | low | — | — |
| 1 Sept 2026 · Suncity Synthetics files Annual Report for 38th AGM on 25 Sept 2026 | board shareholder meetings | medium | — | — |
| 1 Sept 2026 · Book closure for 38th AGM from Sep 19 to Sep 25, 2026 | compliance | minimal | — | — |
| 1 Sept 2026 · 38th AGM of Suncity Synthetics on 25 Sept 2026 via video conference | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Withdraws proposed preferential issue of 30 lakh equity shares | fund raising | medium | — | — |
| 17 Aug 2026 · Q1 FY27 results: Nil revenue, profit drops to Rs 1.64 lakh YoY | compliance | minimal | — | — |
| 8 Aug 2026 · Board meeting on Aug 14 to consider Q1 FY27 results | results | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| INDO COUNT INDUSTRIES LTD |
| 8,757 |
| 58.0 |
| 3.72 |
| 21.1 |
| 5.4 |
| 5.4 |
| 10.5 |
| 13.3 |
| GARWARE TECH FIBRES LTD | 7,675 | 37.1 | 5.67 | 24.0 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 5,314 | 63.1 | 6.17 | 40.6 | 8.1 | 9.0 | 6.1 | 8.7 |
| RAYMOND LIFESTYLE LIMITED | 4,213 | 97.2 | 0.44 | 7.7 | 0.5 | 0.7 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 29.7 | 14.8 | 145 of 205 | 29% |
| ROCE | (14.8) | 4.2 | 212 of 227 | 7% |
| ROE | (8.7) | 4.8 | 195 of 214 | 9% |
| Debt / Equity | (0.4) | 0.3 | 19 of 214 | 92% |
| Revenue growth | (100.0) | 6.9 | 186 of 192 | 0% |
| Profit growth | (72.0) | 20.0 | 163 of 203 | 20% |
| Market cap | 5 | 63 | 218 of 221 | 1% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
