Sonal Adhesives Ltd

AI

Sonal Adhesives Ltd

₹ 41.6 0.48%
11 Sep 11:37 a.m.
About

Incorporated in 1992, Sonal Adhesives Ltd manufactures adhesive tapes, specialty
adhesives, and emulsions.[1]

Key Points

Business Overview:[1][2]
SAL is an ISO 9001:2008 certified manufacturer and exporter of BOPP Self-Adhesive Tapes and various types of Adhesives & Emulsions. It is an associate company of Sonal Impex Limited

  • Market Cap 25.2 Cr.
  • Current Price 41.6
  • High / Low 54.9 / 30.4
  • Stock P/E 19.0
  • Book Value 17.1
  • Dividend Yield 0.00 %
  • ROCE 12.9 %
  • ROE 14.9 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.1.55 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
21.26 27.28 25.44 26.68 24.88 27.24 26.39 31.81 28.29 34.91 29.02 34.23 27.52
20.55 26.72 24.84 25.68 23.99 26.45 25.89 30.86 27.37 34.34 28.36 33.46 26.67
Operating Profit 0.71 0.56 0.60 1.00 0.89 0.79 0.50 0.95 0.92 0.57 0.66 0.77 0.85
OPM % 3.34% 2.05% 2.36% 3.75% 3.58% 2.90% 1.89% 2.99% 3.25% 1.63% 2.27% 2.25% 3.09%
0.14 0.35 0.29 0.21 0.24 0.21 0.33 0.56 0.21 0.66 0.32 0.47 0.10
Interest 0.01 0.01 0.01 0.64 0.10 0.20 0.22 0.78 0.25 0.52 0.38 0.47 0.36
Depreciation 0.16 0.16 0.18 0.20 0.17 0.20 0.20 0.16 0.31 0.32 0.33 0.33 0.34
Profit before tax 0.68 0.74 0.70 0.37 0.86 0.60 0.41 0.57 0.57 0.39 0.27 0.44 0.25
Tax % -2.94% 5.41% 74.29% 27.03% 24.42% 26.67% 24.39% 31.58% 21.05% 33.33% 44.44% -15.91% 12.00%
0.70 0.70 0.18 0.27 0.64 0.44 0.30 0.39 0.45 0.27 0.15 0.51 0.23
EPS in Rs 1.15 1.15 0.30 0.45 1.06 0.73 0.49 0.64 0.74 0.45 0.25 0.84 0.38
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
43 24 27 44 37 32 17 59 83 101 110 126 126
40 28 31 47 38 34 18 58 80 98 107 123 123
Operating Profit 3 -3 -4 -3 -1 -2 -1 0 3 3 3 3 3
OPM % 7% -14% -14% -7% -2.6% -7% -5% 0.8% 3.7% 2.9% 2.8% 2.3% 2.3%
1 1 0 0 0 1 1 8 1 1 1 2 2
Interest 3 0 0 0 0 0 0 0 0 1 1 2 2
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 1 -4 -4 -3 -1 -3 -1 8 3 2 2 2 1
Tax % 16% -29% -29% 9% -26% -26% -13% 27% 25% 26% 27% 17%
0 -3 -3 -4 -1 -2 -1 6 2 2 2 1 1
EPS in Rs 0.76 -4.34 -5.13 -6.24 -1.68 -3.10 -1.35 9.26 3.75 3.05 2.90 2.26 1.92
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 49%
3 Years: 15%
TTM: 11%
Compounded Profit Growth
10 Years: 10%
5 Years: 30%
3 Years: -14%
TTM: -16%
Stock Price CAGR
10 Years: 15%
5 Years: 42%
3 Years: -16%
1 Year: -20%
Return on Equity
10 Years: %
5 Years: %
3 Years: 21%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 4 1 -2 -6 -7 -9 -10 -3 -1 1 3 4
25 20 21 20 24 26 22 2 5 7 11 22
11 9 9 7 8 7 11 20 19 19 21 17
Total Liabilities 46 36 33 28 32 30 29 25 29 33 41 49
7 7 6 6 5 5 4 4 4 5 13 13
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
38 30 27 22 26 25 25 21 26 28 29 36
Total Assets 46 36 33 28 32 30 29 25 29 33 41 49

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-6 2 0 1 -4 -1 4 19 -1 -1 7 -7
-0 0 -0 -0 0 -0 0 1 -2 -1 -9 -2
7 -4 -0 -0 4 2 -4 -20 3 1 2 9
Net Cash Flow 0 -2 -0 0 -0 0 0 0 -0 -0 0 0
Free Cash Flow -6 2 -0 0 -4 -2 4 18 -1 -1 -2 -9
CFO/OP -195% -62% -9% -21% 391% 62% -427% 4,264% -35% -17% 245% -224%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 166 265 182 75 96 97 158 17 28 37 38 41
Inventory Days 118 83 40 38 32 17 32 80 68 48 50 56
Days Payable 78 106 103 60 76 69 132 115 67 66 52 52
Cash Conversion Cycle 206 242 118 53 52 45 58 -18 29 18 36 45
Working Capital Days 2 -48 -150 -104 -130 -146 -286 -23 -6 5 -11 4
ROCE % 12% -12% -17% -16% -6% -9% -4% 64% 40% 25% 21% 13%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Export Revenue as % of Total Revenue
%

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Number of Permanent Employees
count
Top Customer Revenue Concentration
%
BOPP Self-Adhesive Tape as % of Total Turnover
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
62.71% 62.71% 62.71% 62.71% 62.71% 62.71% 62.71% 62.71% 62.71% 62.71% 62.71% 62.71%
37.30% 37.29% 37.29% 37.29% 37.29% 37.29% 37.28% 37.29% 37.29% 37.29% 37.28% 37.29%
No. of Shareholders 5,2805,0404,9914,9375,0074,9254,8804,8414,8154,7584,6684,611

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