Sonal Mercantile Ltd
Incorporated in 1985, Sonal Mercantile Ltd is an NBFC which provides short term and long term finance
- Market Cap ₹ 150 Cr.
- Current Price ₹ 102
- High / Low ₹ 198 / 89.4
- Stock P/E 4.98
- Book Value ₹ 223
- Dividend Yield 0.00 %
- ROCE 6.50 %
- ROE 8.02 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.46 times its book value
- Company has delivered good profit growth of 39.1% CAGR over last 5 years
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 7.37% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 4 | 13 | 19 | 21 | 26 | 39 | 37 | |
| 1 | 1 | 1 | 1 | 1 | 0 | 1 | |
| Operating Profit | 3 | 12 | 18 | 20 | 26 | 39 | 36 |
| OPM % | 76% | 92% | 95% | 97% | 97% | 99% | 98% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 2 | 9 | 11 | 12 | 15 | 23 | 21 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 3 | 6 | 8 | 11 | 16 | 15 |
| Tax % | 25% | 25% | 25% | 26% | 25% | 25% | |
| 5 | 6 | 14 | 17 | 18 | 24 | 30 | |
| EPS in Rs | 3.15 | 4.41 | 9.65 | 11.55 | 12.21 | 16.42 | 20.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 56% |
| 3 Years: | 29% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 19% |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 55% |
| 3 Years: | 37% |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 7% |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 161 | 170 | 202 | 233 | 275 | 299 | 315 |
| 67 | 134 | 138 | 159 | 304 | 291 | 251 | |
| 0 | 8 | 26 | 17 | 15 | 16 | 14 | |
| Total Liabilities | 244 | 327 | 381 | 423 | 608 | 621 | 594 |
| 0 | 0 | 0 | 0 | 0 | 0 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 153 | 164 | 195 | 220 | 253 | 266 | 269 |
| 90 | 163 | 185 | 203 | 355 | 355 | 318 | |
| Total Assets | 244 | 327 | 381 | 423 | 608 | 621 | 594 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -59 | -59 | 0 | -21 | -1 | 0 | |
| 0 | -4 | -4 | -0 | 1 | -0 | |
| 65 | 58 | 3 | 21 | 0 | 0 | |
| Net Cash Flow | 6 | -6 | -0 | 0 | 0 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | 61 | -150 | -475 | -266 | -189 | -136 |
| ROCE % | 4% | 5% | 5% | 5% | 6% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - Annual Secretarial Compliance Report for FY ended March 31, 2025 confirming regulatory adherence.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - Company declares it is not a 'Large Corporate' as per SEBI circulars dated 2018 and 2023.
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Enclosed Disclosures From Promoters & Promoter Group Of The Company Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) REG, 2011 For Financial Year Ended 31St March, 2025.
4 Apr - Disclosure of shareholding under SEBI regulations.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Apr - SUBMISSION OF CERTIFICATE UNDER REGULATION 74(5) OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 2018 FOR QUARTER AND YEAR ENDED MARCH 31, 2025.
- Closure of Trading Window 24 Mar
Annual reports
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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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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.