Sonal Mercantile Ltd

Sonal Mercantile Ltd

₹ 93.1 -0.37%
28 Mar - close price
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.

  • Market Cap 137 Cr.
  • Current Price 93.1
  • High / Low 123 / 68.0
  • Stock P/E 6.41
  • Book Value 204
  • Dividend Yield 0.00 %
  • ROCE 5.10 %
  • ROE 6.68 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.46 times its book value
  • Company is expected to give good quarter

Cons

  • 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 has a low return on equity of 7.01% over last 3 years.

* 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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 4.99 5.68 5.69 5.85 6.37 8.97 9.64 10.05 9.36
0.17 0.17 0.13 0.13 0.12 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 4.87 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% 97.60% 95.25% 98.24% 98.46% 98.27% 93.53% 99.07% 98.51% 100.53%
0.00 0.00 0.00 0.05 0.01 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% 33.17% 25.00% 30.81% 20.65% 25.96% 25.21% 25.00% 25.10% 22.34% 25.22% 25.00% 25.21%
3.32 4.21 3.75 4.92 2.74 5.61 4.63 4.55 4.54 4.53 5.03 5.23 6.62
EPS in Rs 2.25 2.86 2.54 3.34 1.86 3.81 3.14 3.09 3.08 3.07 3.41 3.55 4.49
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
4 13 19 21 26 38
1 1 1 1 1 1
Operating Profit 3 12 18 20 26 37
OPM % 76% 92% 95% 97% 97% 98%
0 0 0 0 0 0
Interest 2 9 11 12 15 23
Depreciation 0 0 0 0 0 0
Profit before tax 1 3 6 8 11 14
Tax % 25% 25% 25% 26% 25%
5 6 14 17 18 21
EPS in Rs 3.15 4.41 9.65 11.55 12.21 14.52
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 26%
TTM: 61%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 40%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: 63%
3 Years: 80%
1 Year: 23%
Return on Equity
10 Years: %
5 Years: %
3 Years: 7%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 15 15 15 15 15 15
Reserves 161 170 202 233 275 285
67 134 138 159 304 338
0 8 26 17 15 14
Total Liabilities 244 327 381 423 608 651
0 0 0 0 0 0
CWIP 0 0 0 0 0 0
Investments 153 164 195 220 253 258
90 163 185 203 355 393
Total Assets 244 327 381 423 608 651

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-59 -59 0 -21 -146
0 -4 -4 -0 1
65 58 3 21 145
Net Cash Flow 6 -6 -0 0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0
Working Capital Days 61 -150 -475 -266 -189
ROCE % 4% 5% 5% 5%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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% 75.08% 75.10% 75.09% 75.09% 75.08% 75.09% 75.09%
No. of Shareholders 5285896348699769981,1901,8001,9091,9371,9671,940

Documents