Sonal Mercantile Ltd

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

Sonal Mercantile Ltd

₹ 97.6 -2.08%
24 Apr - close price
sonalmercantile.in BSE: 538943
About

Incorporated in 1985, Sonal Mercantile Ltd is an NBFC which provides short term and long term finance

Key Points

Business Overview:[1]
Company is engaged in the business of providing Secured and Unsecured Loans & Advances to individuals and body corporates and also makes investment in quoted and unquoted securities. Company offers solutions for meeting specific liquidity requirements in Capital Markets.

Website BSE
  • Market Cap ₹ 144 Cr.
  • Current Price ₹ 97.6
  • High / Low ₹ 123 / 68.0
  • Stock P/E 13.4
  • Book Value ₹ 32.9
  • Dividend Yield 0.00 %
  • ROCE 9.45 %
  • ROE 20.0 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 124% CAGR over last 5 years

Cons

  • Stock is trading at 2.97 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 24.9%
  • 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: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
4.71 4.61 5.07 5.04 5.01 5.68 5.69 5.85 6.37 8.97 9.64 10.05 9.36
0.17 0.17 0.13 0.13 0.13 0.27 0.10 0.09 0.11 0.58 0.09 0.15 -0.05
Operating Profit 4.54 4.44 4.94 4.91 4.88 5.41 5.59 5.76 6.26 8.39 9.55 9.90 9.41
OPM % 96.39% 96.31% 97.44% 97.42% 97.41% 95.25% 98.24% 98.46% 98.27% 93.53% 99.07% 98.51% 100.53%
0.00 0.00 0.00 0.05 0.00 0.07 0.00 0.08 0.00 0.00 0.00 0.00 0.00
Interest 3.06 2.42 3.14 3.24 3.33 2.36 3.21 3.35 3.77 4.70 6.09 6.37 5.83
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.02 0.01 0.01 0.01
Profit before tax 1.48 2.02 1.80 1.72 1.55 3.12 2.38 2.48 2.47 3.67 3.45 3.52 3.57
Tax % 25.00% 64.36% 25.00% 30.81% 20.65% 25.96% 25.21% 25.00% 25.10% 22.34% 25.22% 25.00% 25.21%
1.11 0.72 1.35 1.19 1.24 2.32 1.78 1.85 1.85 2.84 2.58 2.63 2.67
EPS in Rs 0.75 0.49 0.92 0.81 0.84 1.57 1.21 1.26 1.26 1.93 1.75 1.78 1.81
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
9 7 4 2 2 3 3 4 13 19 21 26 38
9 7 4 2 2 2 3 1 1 1 1 1 1
Operating Profit 0 0 0 0 0 0 0 3 12 18 20 26 37
OPM % 1% 0% 3% 6% 7% 6% 8% 76% 92% 95% 97% 97% 98%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 2 9 11 12 15 23
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 0 -0 0 0 0 0 0 1 3 6 8 11 14
Tax % 38% -50% 50% 33% 45% 33% 25% 25% 25% 25% 26% 25%
0 -0 0 0 0 0 0 1 2 5 6 8 11
EPS in Rs 1.09 -0.01 0.01 0.02 0.04 0.05 0.09 0.47 1.35 3.13 4.13 5.33 7.27
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 57%
3 Years: 26%
TTM: 61%
Compounded Profit Growth
10 Years: 82%
5 Years: 124%
3 Years: 58%
TTM: 37%
Stock Price CAGR
10 Years: %
5 Years: 63%
3 Years: 80%
1 Year: 30%
Return on Equity
10 Years: 8%
5 Years: 15%
3 Years: 19%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 3 15 15 15 15 15 15 15 15 15 15 15 15
Reserves 19 7 7 7 7 7 8 8 10 15 21 29 34
0 0 0 0 0 0 0 67 134 138 159 304 338
0 0 0 0 0 0 0 0 8 26 17 15 14
Total Liabilities 22 22 22 22 23 23 22 90 167 193 211 362 400
0 0 0 0 0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 6 0 0 0 0 0 0 0 4 8 8 6 6
16 22 22 22 22 23 22 90 163 185 203 355 393
Total Assets 22 22 22 22 23 23 22 90 167 193 211 362 400

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-14 -6 -0 0 -0 0 -0 -59 -59 0 -21 -146
14 6 0 0 0 -0 0 0 -4 -4 -0 1
0 0 -0 -0 0 0 0 65 58 3 21 145
Net Cash Flow -0 0 -0 0 -0 0 -0 6 -6 -0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 0 69 0 0 0 0 0 0 0 0 0 0
Inventory Days 15 0 38 50 0 323 0
Days Payable 0 0 0 0
Cash Conversion Cycle 15 69 38 50 0 323 0 0 0 0 0 0
Working Capital Days 624 1,158 1,793 3,374 3,431 3,071 1,550 61 -150 -475 -266 -189
ROCE % 1% -0% 0% 0% 0% 1% 1% 6% 10% 11% 11% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
24.92% 24.92% 24.92% 24.92% 24.92% 24.92% 24.92% 24.92% 24.92% 24.92% 24.92% 24.92%
75.08% 75.08% 75.08% 75.08% 75.08% 75.10% 75.09% 75.09% 75.08% 75.09% 75.09% 75.09%
No. of Shareholders 5896348699769981,1901,8001,9091,9371,9671,9401,943

Documents

Announcements

Annual reports