Sonal Adhesives Ltd

Sonal Adhesives Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sonal Adhesives Ltd

₹ 78.6 1.04%
26 Apr - close price
sonal.co.in BSE: 526901
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.

Website BSE
  • Market Cap ₹ 47.7 Cr.
  • Current Price ₹ 78.6
  • High / Low ₹ 114 / 55.5
  • Stock P/E 21.5
  • Book Value ₹ 11.1
  • Dividend Yield 0.00 %
  • ROCE 40.3 %
  • ROE 53.9 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 67.5 to 27.5 days.
  • Company's working capital requirements have reduced from 67.4 days to 15.4 days

Cons

  • Stock is trading at 7.06 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4.13 6.13 6.45 13.07 19.02 20.14 19.50 21.08 20.77 21.99 21.26 27.28 25.44
4.67 6.02 6.61 14.74 18.00 18.89 18.82 21.15 19.83 20.50 20.55 26.72 24.84
Operating Profit -0.54 0.11 -0.16 -1.67 1.02 1.25 0.68 -0.07 0.94 1.49 0.71 0.56 0.60
OPM % -13.08% 1.79% -2.48% -12.78% 5.36% 6.21% 3.49% -0.33% 4.53% 6.78% 3.34% 2.05% 2.36%
0.00 0.50 0.02 0.33 0.24 7.37 0.03 0.58 0.12 0.07 0.14 0.35 0.29
Interest 0.01 0.37 0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.16 0.01 0.01 0.01
Depreciation 0.17 0.17 0.16 0.17 0.17 0.17 0.14 0.14 0.18 0.16 0.16 0.16 0.18
Profit before tax -0.72 0.07 -0.30 -1.51 1.09 8.45 0.57 0.34 0.88 1.24 0.68 0.74 0.70
Tax % 27.78% 14.29% 33.33% 24.50% 21.10% 27.93% 22.81% 17.65% -2.27% 47.58% -2.94% 5.41% 74.29%
-0.53 0.06 -0.20 -1.14 0.86 6.09 0.44 0.28 0.90 0.64 0.70 0.70 0.18
EPS in Rs -0.87 0.10 -0.33 -1.88 1.42 10.05 0.73 0.46 1.48 1.06 1.15 1.15 0.30
Raw PDF
Upcoming result date: 28 May 2024

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
50.24 58.35 56.88 43.27 24.45 27.18 43.60 37.38 32.13 16.97 58.67 83.28 95.97
47.61 55.61 53.38 40.11 27.86 30.87 46.67 38.35 34.27 17.82 58.23 80.23 92.61
Operating Profit 2.63 2.74 3.50 3.16 -3.41 -3.69 -3.07 -0.97 -2.14 -0.85 0.44 3.05 3.36
OPM % 5.23% 4.70% 6.15% 7.30% -13.95% -13.58% -7.04% -2.59% -6.66% -5.01% 0.75% 3.66% 3.50%
0.02 0.24 0.17 0.99 0.72 0.05 0.36 0.47 0.74 0.59 7.96 0.80 0.85
Interest 1.61 2.02 2.42 2.82 0.26 0.01 0.01 0.15 0.39 0.00 0.01 0.20 0.19
Depreciation 0.25 0.28 0.44 0.78 0.75 0.76 0.76 0.75 0.75 0.69 0.67 0.63 0.66
Profit before tax 0.79 0.68 0.81 0.55 -3.70 -4.41 -3.48 -1.40 -2.54 -0.95 7.72 3.02 3.36
Tax % 31.65% 23.53% 25.93% 16.36% 28.92% 29.48% -8.62% 26.43% 25.98% 12.63% 27.33% 25.17%
0.54 0.52 0.59 0.46 -2.63 -3.11 -3.78 -1.02 -1.88 -0.82 5.61 2.27 2.22
EPS in Rs 0.89 0.86 0.97 0.76 -4.34 -5.13 -6.24 -1.68 -3.10 -1.35 9.26 3.75 3.66
Dividend Payout % 56.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 4%
5 Years: 14%
3 Years: 37%
TTM: 18%
Compounded Profit Growth
10 Years: 17%
5 Years: 21%
3 Years: 47%
TTM: -71%
Stock Price CAGR
10 Years: 21%
5 Years: 48%
3 Years: 111%
1 Year: 2%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 54%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6.06 6.06 6.06 6.06 6.06 6.06 6.06 6.06 6.06 6.06 6.06 6.06 6.06
Reserves 2.18 2.68 3.27 3.61 0.98 -2.11 -5.89 -6.90 -8.79 -9.59 -2.98 -0.71 0.69
12.28 16.22 14.65 24.85 20.50 20.53 20.26 24.18 26.34 22.39 2.31 5.23 4.98
13.51 16.87 18.04 11.02 8.74 8.70 7.33 8.23 6.60 10.58 19.53 18.85 21.43
Total Liabilities 34.03 41.83 42.02 45.54 36.28 33.18 27.76 31.57 30.21 29.44 24.92 29.43 33.16
3.54 7.91 8.05 7.27 6.65 6.19 5.60 4.90 4.89 4.21 3.81 3.86 3.90
CWIP 1.30 0.00 0.00 0.00 0.00 0.00 0.24 0.24 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
29.19 33.92 33.97 38.27 29.63 26.99 21.92 26.43 25.32 25.23 21.11 25.57 29.26
Total Assets 34.03 41.83 42.02 45.54 36.28 33.18 27.76 31.57 30.21 29.44 24.92 29.43 33.16

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.91 3.06 2.43 -6.15 2.11 0.21 0.65 -3.79 -1.33 3.63 18.76 -1.27
-2.11 -3.29 -0.57 -0.18 0.08 -0.28 -0.33 0.02 -0.45 0.37 1.37 -1.67
0.23 0.30 -1.74 6.80 -3.80 -0.05 -0.09 3.73 1.82 -3.94 -20.13 2.90
Net Cash Flow 0.03 0.07 0.12 0.48 -1.60 -0.12 0.22 -0.04 0.04 0.06 0.00 -0.05

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 69.96 83.01 102.16 165.59 265.13 181.69 74.59 95.50 96.90 158.30 16.67 27.52
Inventory Days 109.35 95.82 88.55 118.30 82.84 39.65 37.98 32.30 17.28 31.68 79.87 68.21
Days Payable 84.58 100.89 106.93 78.29 106.05 103.49 59.70 75.81 69.14 132.14 114.53 66.60
Cash Conversion Cycle 94.73 77.94 83.78 205.60 241.92 117.86 52.86 51.98 45.05 57.84 -17.98 29.13
Working Capital Days 88.63 76.50 81.95 188.78 256.17 124.08 64.38 104.97 153.13 195.94 -9.21 15.43
ROCE % 12.91% 11.61% 13.16% 11.52% -11.76% -16.92% -15.50% -5.57% -9.16% -4.47% 63.75% 40.33%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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% 37.29% 37.28% 37.29% 37.29% 37.30% 37.29% 37.29%
No. of Shareholders 2,0842,1102,1812,1532,1383,6625,2305,3525,3715,2805,0404,991

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