Sonal Adhesives Ltd

Sonal Adhesives Ltd

₹ 79.1 -0.75%
26 Jul - close price
About

Incorporated in 1992, Sonal Adhesives Ltd manufactures specialty adhesive tapes, emulsion and plastic ropes.

Key Points

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.

  • Market Cap 47.9 Cr.
  • Current Price 79.1
  • High / Low 114 / 56.0
  • Stock P/E 25.9
  • Book Value 11.9
  • Dividend Yield 0.00 %
  • ROCE 25.3 %
  • ROE 29.5 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.0.99 Cr.
  • Debtor days have increased from 26.9 to 36.5 days.

* 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

Sector: Packaging Industry: Packaging

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
6.13 6.45 13.07 19.02 20.14 19.50 21.08 20.77 21.99 21.26 27.28 25.44 26.68
6.02 6.61 14.74 18.00 18.89 18.82 21.15 19.83 20.50 20.55 26.72 24.84 25.68
Operating Profit 0.11 -0.16 -1.67 1.02 1.25 0.68 -0.07 0.94 1.49 0.71 0.56 0.60 1.00
OPM % 1.79% -2.48% -12.78% 5.36% 6.21% 3.49% -0.33% 4.53% 6.78% 3.34% 2.05% 2.36% 3.75%
0.50 0.02 0.33 0.24 7.37 0.03 0.58 0.12 0.07 0.14 0.35 0.29 0.21
Interest 0.37 -0.00 -0.00 -0.00 -0.00 -0.00 0.03 -0.00 0.16 0.01 0.01 0.01 0.64
Depreciation 0.17 0.16 0.17 0.17 0.17 0.14 0.14 0.18 0.16 0.16 0.16 0.18 0.20
Profit before tax 0.07 -0.30 -1.51 1.09 8.45 0.57 0.34 0.88 1.24 0.68 0.74 0.70 0.37
Tax % 14.29% -33.33% -24.50% 21.10% 27.93% 22.81% 17.65% -2.27% 47.58% -2.94% 5.41% 74.29% 27.03%
0.06 -0.20 -1.14 0.86 6.09 0.44 0.28 0.90 0.64 0.70 0.70 0.18 0.27
EPS in Rs 0.10 -0.33 -1.88 1.42 10.05 0.73 0.46 1.48 1.06 1.15 1.15 0.30 0.45
Raw PDF
Upcoming result date: 12 August 2024

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
58 57 43 24 27 44 37 32 17 59 83 101
56 53 40 28 31 47 38 34 18 58 80 98
Operating Profit 3 4 3 -3 -4 -3 -1 -2 -1 0 3 3
OPM % 5% 6% 7% -14% -14% -7% -3% -7% -5% 1% 4% 3%
0 0 1 1 0 0 0 1 1 8 1 1
Interest 2 2 3 0 0 0 0 0 -0 0 0 1
Depreciation 0 0 1 1 1 1 1 1 1 1 1 1
Profit before tax 1 1 1 -4 -4 -3 -1 -3 -1 8 3 2
Tax % 24% 26% 16% -29% -29% 9% -26% -26% -13% 27% 25% 26%
1 1 0 -3 -3 -4 -1 -2 -1 6 2 2
EPS in Rs 0.86 0.97 0.76 -4.34 -5.13 -6.24 -1.68 -3.10 -1.35 9.26 3.75 3.05
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 6%
5 Years: 22%
3 Years: 81%
TTM: 21%
Compounded Profit Growth
10 Years: 12%
5 Years: 31%
3 Years: 62%
TTM: -19%
Stock Price CAGR
10 Years: 17%
5 Years: %
3 Years: 127%
1 Year: 26%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 29%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 3 3 4 1 -2 -6 -7 -9 -10 -3 -1 1
16 15 25 20 21 20 24 26 22 2 5 7
17 18 11 9 9 7 8 7 11 20 19 19
Total Liabilities 42 42 46 36 33 28 32 30 29 25 29 33
8 8 7 7 6 6 5 5 4 4 4 5
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
34 34 38 30 27 22 26 25 25 21 26 28
Total Assets 42 42 46 36 33 28 32 30 29 25 29 33

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 2 -6 2 0 1 -4 -1 4 19 -1 -1
-3 -1 -0 0 -0 -0 0 -0 0 1 -2 -1
0 -2 7 -4 -0 -0 4 2 -4 -20 3 1
Net Cash Flow 0 0 0 -2 -0 0 -0 0 0 -0 -0 -0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 83 102 166 265 182 75 96 97 158 17 28 37
Inventory Days 96 89 118 83 40 38 32 17 32 80 68 45
Days Payable 101 107 78 106 103 60 76 69 132 115 67 62
Cash Conversion Cycle 78 84 206 242 118 53 52 45 58 -18 29 19
Working Capital Days 76 82 189 256 124 64 105 153 196 -9 15 27
ROCE % 12% 13% 12% -12% -17% -16% -6% -9% -4% 64% 40% 25%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
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% 37.29% 37.29% 37.29% 37.28% 37.29% 37.29% 37.30% 37.29% 37.29% 37.29%
No. of Shareholders 2,1102,1812,1532,1383,6625,2305,3525,3715,2805,0404,9914,937

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