Sonal Adhesives Ltd
Incorporated in 1992, Sonal Adhesives Ltd manufactures specialty adhesive tapes, emulsion and plastic ropes.
- Market Cap ₹ 27.9 Cr.
- Current Price ₹ 46.0
- High / Low ₹ 70.1 / 41.0
- Stock P/E 19.8
- 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
- Earnings include an other income of Rs.1.76 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.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Commodity Chemicals
Quarterly Results
Figures in Rs. Crores
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 | 121 | |
| 53 | 40 | 28 | 31 | 47 | 38 | 34 | 18 | 58 | 80 | 98 | 107 | 118 | |
| 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 | 2.32 |
| 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: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 24% |
| 3 Years: | -33% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 40% |
| 3 Years: | -24% |
| 1 Year: | -33% |
| 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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Listing Obligation and Disclosure Requirements) Regulations, 2015, we enclose herewith copy of news paper cutting of Business Standard (English Newspaper) of dated 13th August, 2025 …
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Appointment of Company Secretary and Compliance Officer
12 Nov - Board approved Q2/H1 unaudited results to Sep 30, 2025; revenue Rs3,556.43 lakh; appointed Amish Ashar as Company Secretary.
- Results-Financial Results For Sep 30, 2025 12 Nov
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On 12Th November, 2025
12 Nov - Approved unaudited Q2/H1 results to 30 Sep 2025; appointed Amish Ashar as Company Secretary effective 12 Nov 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Oct - RTA certificate under SEBI Reg 74(5) confirming dematerialisation for quarter ended 30-09-2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Product Profile:
a) Biaxially Oriented Polypropylene (BOPP):[1]
A carton sealing tape with a water based acrylic adhesive. These BOPP tapes are available in:
Plain Tapes, Printed Tapes (up to 4 colors), Jumbo Rolls, Easy Tear or Hand Sealable
Tapes, Low Noise Tapes, Stationery Tapes, Masking Tape
b) Adhesive & Emulsions:[2]
Paint Emulsions, Textile Binders for printing and flocking applications, Adhesives for BOPP tapes, Stickers and Lamination, Woodworking adhesives and emulsions for construction chemicals. Annual capacity is 6,000 TPA.
c) Ropes & Twine:[3]
PP / HDPE Ropes in 3 & 4 strand of up to 32 mm in Diameter and Bale Twines of up to 100000 D. Entire production is exported to Middle East and African countries.