Sonal Mercantile Ltd
Incorporated in 1985, Sonal Mercantile Ltd is an NBFC which provides short term and long term finance
- Market Cap ₹ 147 Cr.
- Current Price ₹ 100
- High / Low ₹ 198 / 80.6
- Stock P/E 4.88
- Book Value ₹ 223
- Dividend Yield 0.00 %
- ROCE 6.50 %
- ROE 8.02 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.45 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: | 34% |
| 3 Years: | 44% |
| 1 Year: | 3% |
| 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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Integrated Filing (Financial)
4 Mar - Integrated filing of financial results for Q3 2024.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Feb - Publication of unaudited standalone and consolidated Financial results for quarter ended 31.12.2024
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Board Meeting Outcome for Considered And Approved Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 31.12.2024 And Other Businesses.
13 Feb - Approval of Q3 FY2024 financial results by board.
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Considered And Approved Unaudited Standalone & Consolidated Financial Results For The Quarter Ended 31.12.2024 And Other Businesses.
13 Feb - Approval of Q3 FY2024 financial results by board.
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Board Meeting Intimation for Advance Intimation Of Board Meeting For Considering The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended December 31, 2024 And Other Businesses.
3 Feb - Board meeting to approve Q4 financial results.
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.