Sonal Adhesives Ltd

Sonal Adhesives Ltd

₹ 37.3 0.00%
12 Mar - close price
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 22.6 Cr.
  • Current Price 37.3
  • High / Low 66.8 / 31.6
  • Stock P/E 17.9
  • Book Value 16.0
  • Dividend Yield 0.00 %
  • ROCE 21.9 %
  • ROE 21.3 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.5%

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.1.75 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

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
20.77 21.99 21.26 27.28 25.44 26.68 24.88 27.24 26.39 31.81 28.29 34.91 29.02
19.83 20.50 20.55 26.72 24.84 25.68 23.99 26.45 25.89 30.86 27.37 34.34 28.36
Operating Profit 0.94 1.49 0.71 0.56 0.60 1.00 0.89 0.79 0.50 0.95 0.92 0.57 0.66
OPM % 4.53% 6.78% 3.34% 2.05% 2.36% 3.75% 3.58% 2.90% 1.89% 2.99% 3.25% 1.63% 2.27%
0.12 0.07 0.14 0.35 0.29 0.21 0.24 0.21 0.33 0.56 0.21 0.66 0.32
Interest 0.00 0.16 0.01 0.01 0.01 0.64 0.10 0.20 0.22 0.78 0.25 0.52 0.38
Depreciation 0.18 0.16 0.16 0.16 0.18 0.20 0.17 0.20 0.20 0.16 0.31 0.32 0.33
Profit before tax 0.88 1.24 0.68 0.74 0.70 0.37 0.86 0.60 0.41 0.57 0.57 0.39 0.27
Tax % -2.27% 47.58% -2.94% 5.41% 74.29% 27.03% 24.42% 26.67% 24.39% 31.58% 21.05% 33.33% 44.44%
0.90 0.64 0.70 0.70 0.18 0.27 0.64 0.44 0.30 0.39 0.45 0.27 0.15
EPS in Rs 1.48 1.06 1.15 1.15 0.30 0.45 1.06 0.73 0.49 0.64 0.74 0.45 0.25
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
57 43 24 27 44 37 32 17 59 83 101 110 124
53 40 28 31 47 38 34 18 58 80 98 107 121
Operating Profit 4 3 -3 -4 -3 -1 -2 -1 0 3 3 3 3
OPM % 6% 7% -14% -14% -7% -3% -7% -5% 1% 4% 3% 3% 2%
0 1 1 0 0 0 1 1 8 1 1 1 2
Interest 2 3 0 0 0 0 0 0 0 0 1 1 2
Depreciation 0 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 1 1 -4 -4 -3 -1 -3 -1 8 3 2 2 2
Tax % 26% 16% -29% -29% 9% -26% -26% -13% 27% 25% 26% 27%
1 0 -3 -3 -4 -1 -2 -1 6 2 2 2 1
EPS in Rs 0.97 0.76 -4.34 -5.13 -6.24 -1.68 -3.10 -1.35 9.26 3.75 3.05 2.90 2.08
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 28%
3 Years: 23%
TTM: 18%
Compounded Profit Growth
10 Years: 14%
5 Years: 24%
3 Years: -33%
TTM: -24%
Stock Price CAGR
10 Years: 11%
5 Years: 36%
3 Years: -18%
1 Year: -23%
Return on Equity
10 Years: %
5 Years: %
3 Years: 31%
Last Year: 21%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 3 4 1 -2 -6 -7 -9 -10 -3 -1 1 3 4
15 25 20 21 20 24 26 22 2 5 7 10 15
18 11 9 9 7 8 7 11 20 19 19 21 27
Total Liabilities 42 46 36 33 28 32 30 29 25 29 33 40 52
8 7 7 6 6 5 5 4 4 4 5 13 12
CWIP 0 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 0
34 38 30 27 22 26 25 25 21 26 28 28 40
Total Assets 42 46 36 33 28 32 30 29 25 29 33 40 52

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2 -6 2 0 1 -4 -1 4 19 -1 -1 7
-1 -0 0 -0 -0 0 -0 0 1 -2 -1 -9
-2 7 -4 -0 -0 4 2 -4 -20 3 1 1
Net Cash Flow 0 0 -2 -0 0 -0 0 0 0 -0 -0 -1

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 102 166 265 182 75 96 97 158 17 28 37 38
Inventory Days 89 118 83 40 38 32 17 32 80 68 48 50
Days Payable 107 78 106 103 60 76 69 132 115 67 66 52
Cash Conversion Cycle 84 206 242 118 53 52 45 58 -18 29 18 36
Working Capital Days 13 2 -48 -150 -104 -130 -146 -286 -23 -6 5 -7
ROCE % 13% 12% -12% -17% -16% -6% -9% -4% 64% 40% 25% 22%

Insights

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Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
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Total Employees
Number
Bio-fuel (Briquettes) Consumption
Kgs
Export Turnover Contribution
₹ Lakhs
Total Production Volume (Calculated)
Kgs
Capacity Utilization Rate
%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
62.71% 62.71% 62.71% 62.71% 62.71% 62.71% 62.71% 62.71% 62.71% 62.71% 62.71% 62.71%
37.29% 37.29% 37.30% 37.29% 37.29% 37.29% 37.29% 37.29% 37.28% 37.29% 37.29% 37.29%
No. of Shareholders 5,3525,3715,2805,0404,9914,9375,0074,9254,8804,8414,8154,758

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