Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 27.28 | 25.44 | 26.68 | 24.88 | 27.24 | 26.39 | 31.81 | 28.29 | 34.91 | 29.02 | 34.23 | 27.52 |
| Expenses | 26.72 | 24.84 | 25.68 | 23.99 | 26.45 | 25.89 | 30.86 | 27.37 | 34.34 | 28.36 | 33.46 | 26.67 |
| Operating Profit | 0.56 | 0.60 | 1.00 | 0.89 | 0.79 | 0.50 | 0.95 | 0.92 | 0.57 | 0.66 | 0.77 | 0.85 |
| OPM % | 2.05% | 2.36% | 3.75% | 3.58% | 2.90% | 1.89% | 2.99% | 3.25% | 1.63% | 2.27% | 2.25% | 3.09% |
| Other Income | 0.35 | 0.29 | 0.21 | 0.24 | 0.21 | 0.33 | 0.56 | 0.21 | 0.66 | 0.32 | 0.47 | 0.10 |
| Interest | 0.01 | 0.01 | 0.64 | 0.10 | 0.20 | 0.22 | 0.78 | 0.25 | 0.52 | 0.38 | 0.47 | 0.36 |
| Depreciation | 0.16 | 0.18 | 0.20 | 0.17 | 0.20 | 0.20 | 0.16 | 0.31 | 0.32 | 0.33 | 0.33 | 0.34 |
| Profit before tax | 0.74 | 0.70 | 0.37 | 0.86 | 0.60 | 0.41 | 0.57 | 0.57 | 0.39 | 0.27 | 0.44 | 0.25 |
| Tax % | 5.41% | 74.29% | 27.03% | 24.42% | 26.67% | 24.39% | 31.58% | 21.05% | 33.33% | 44.44% | -15.91% | 12.00% |
| Net Profit | 0.70 | 0.18 | 0.27 | 0.64 | 0.44 | 0.30 | 0.39 | 0.45 | 0.27 | 0.15 | 0.51 | 0.23 |
| EPS in Rs | 1.15 | 0.30 | 0.45 | 1.06 | 0.73 | 0.49 | 0.64 | 0.74 | 0.45 | 0.25 | 0.84 | 0.38 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24 | 27 | 44 | 37 | 32 | 17 | 59 | 83 | 101 | 110 | 126 | 126 |
| Expenses | 28 | 31 | 47 | 38 | 34 | 18 | 58 | 80 | 98 | 107 | 123 | 123 |
| Operating Profit | -3 | -4 | -3 | -1 | -2 | -1 | 0 | 3 | 3 | 3 | 3 | 3 |
| OPM % | -14% | -14% | -7% | -2.6% | -7% | -5% | 0.8% | 3.7% | 2.9% | 2.8% | 2.3% | 2.3% |
| Other Income | 1 | 0 | 0 | 0 | 1 | 1 | 8 | 1 | 1 | 1 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -4 | -4 | -3 | -1 | -3 | -1 | 8 | 3 | 2 | 2 | 2 | 1 |
| Tax % | -29% | -29% | 9% | -26% | -26% | -13% | 27% | 25% | 26% | 27% | 17% | |
| Net Profit | -3 | -3 | -4 | -1 | -2 | -1 | 6 | 2 | 2 | 2 | 1 | 1 |
| EPS in Rs | -4.34 | -5.13 | -6.24 | -1.68 | -3.10 | -1.35 | 9.26 | 3.75 | 3.05 | 2.90 | 2.26 | 1.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 18% | 49% | 15% | 11% | ||
| Compounded Profit Growth | 10% | 30% | -14% | -16% | ||
| Stock Price CAGR | 16% | 37% | -16% | -8% | ||
| Return on Equity | % | % | 21% | 15% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 4 | 1 | -2 | -6 | -7 | -9 | -10 | -3 | -1 | 1 | 3 | 4 |
| Borrowings | 25 | 20 | 21 | 20 | 24 | 26 | 22 | 2 | 5 | 7 | 11 | 22 |
| Other Liabilities | 11 | 9 | 9 | 7 | 8 | 7 | 11 | 20 | 19 | 19 | 21 | 17 |
| Total Liabilities | 46 | 36 | 33 | 28 | 32 | 30 | 29 | 25 | 29 | 33 | 41 | 49 |
| Fixed Assets | 7 | 7 | 6 | 6 | 5 | 5 | 4 | 4 | 4 | 5 | 13 | 13 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 38 | 30 | 27 | 22 | 26 | 25 | 25 | 21 | 26 | 28 | 29 | 36 |
| Total Assets | 46 | 36 | 33 | 28 | 32 | 30 | 29 | 25 | 29 | 33 | 41 | 49 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -6 | 2 | 0 | 1 | -4 | -1 | 4 | 19 | -1 | -1 | 7 | -7 |
| Cash from Investing Activity | -0 | 0 | -0 | -0 | 0 | -0 | 0 | 1 | -2 | -1 | -9 | -2 |
| Cash from Financing Activity | 7 | -4 | -0 | -0 | 4 | 2 | -4 | -20 | 3 | 1 | 2 | 9 |
| Net Cash Flow | 0 | -2 | -0 | 0 | -0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 |
| Free Cash Flow | -6 | 2 | -0 | 0 | -4 | -2 | 4 | 18 | -1 | -1 | -2 | -9 |
| CFO/OP | -195% | -62% | -9% | -21% | 391% | 62% | -427% | 4,264% | -35% | -17% | 245% | -224% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 166 | 265 | 182 | 75 | 96 | 97 | 158 | 17 | 28 | 37 | 38 | 41 |
| Inventory Days | 118 | 83 | 40 | 38 | 32 | 17 | 32 | 80 | 68 | 48 | 50 | 56 |
| Days Payable | 78 | 106 | 103 | 60 | 76 | 69 | 132 | 115 | 67 | 66 | 52 | 52 |
| Cash Conversion Cycle | 206 | 242 | 118 | 53 | 52 | 45 | 58 | -18 | 29 | 18 | 36 | 45 |
| Working Capital Days | 2 | -48 | -150 | -104 | -130 | -146 | -286 | -23 | -6 | 5 | -11 | 4 |
| ROCE % | 12% | -12% | -17% | -16% | -6% | -9% | -4% | 64% | 40% | 25% | 21% | 13% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 62.71% | 62.71% | 62.71% | 62.71% | 62.71% | 62.71% | 62.71% | 62.71% | 62.71% | 62.71% | 62.71% | 62.71% |
| Public | 37.30% | 37.29% | 37.29% | 37.29% | 37.29% | 37.29% | 37.28% | 37.29% | 37.29% | 37.29% | 37.28% | 37.29% |
| No. of Shareholders | 5,280 | 5,040 | 4,991 | 4,937 | 5,007 | 4,925 | 4,880 | 4,841 | 4,815 | 4,758 | 4,668 | 4,611 |
Fundamentals
Market Cap₹ 24.8 Cr.
Current Price₹ 41.0
Stock P/E18.7
Book Value₹ 17.1
ROCE12.9 %
ROE14.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)-16%
Standalone figures.
Valuation
Market capRs 30 Cr
Enterprise valueRs 50 Cr
P/E (TTM)25.45x
Price to book2.85x
Price to sales0.23x
EV / EBITDA11.37x
EV / EBIT16.24x
EV / sales0.40x
Earnings yield3.93%
P/E, 3-year average17.55x
P/B, 3-year average3.63x
P/E, 5-year average14.58x
P/B, 5-year average4.28x
Profitability
Operating margin (excl. other income)2.31%
Operating margin (incl. other income)3.63%
EBITDA margin3.50%
Pre-tax margin1.07%
Net profit margin0.92%
Net margin, latest quarter0.84%
ROE14.18%
ROCE12.57%
ROA3.03%
ROE, 3-year average21.80%
ROCE, 3-year average19.78%
ROA, 3-year average4.56%
ROE, 5-year average-474.82%
ROCE, 5-year average32.69%
ROA, 5-year average8.53%
ROIC (approx.)8.24%
Tax rate17.47%
Other income / net worth16.04%
Growth
Sales growth (latest year)14.10%
Profit growth (latest year)-22.16%
Sales CAGR, 3 years14.77%
Sales CAGR, 5 years49.28%
Profit CAGR, 3 years-15.49%
Sales growth QoQ-19.60%
Profit growth QoQ-54.90%
Sales growth YoY (latest quarter)-2.72%
Profit growth YoY (latest quarter)-48.89%
Per share
EPS (TTM)Rs 1.91
EPS (latest year)Rs 2.26
EPS (latest quarter)Rs 0.38
EPS, 3-year averageRs 2.74
EPS, 5-year averageRs 4.24
Book value per shareRs 17.08
Sales per shareRs 207.36
Cash flow per shareRs -11.57
Free cash flow per shareRs -14.85
Efficiency
Asset turnover2.57x
Fixed asset turnover9.50x
Inventory turnover7.58x
Inventory days48 days
Debtor days41 days
Debtors turnover8.85x
Creditor days52 days
Cash conversion cycle45 days
Working capital days4 days
Leverage
Total debtRs 22 Cr
Cash and bankRs 1 Cr
Net debtRs 20 Cr
Debt to equity2.10x
Net debt / EBITDA4.66x
Interest coverage1.78x
Owners' fund to total sources21.11%
Debt to assets44.42%
Cash flow
Cash from Operating Activity (latest year)Rs -7 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 9 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -9 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Cash from ops / profit, 5 years1.31x
Statement figures
Net sales (TTM)Rs 126 Cr
Net sales (latest year)Rs 126 Cr
Sales (latest quarter)Rs 28 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 120 Cr
Total expenditure (latest year)Rs 123 Cr
Total income (latest year)Rs 127 Cr
Share capitalRs 6 Cr
ReservesRs 4 Cr
Shareholders' fundsRs 10 Cr
Total assetsRs 49 Cr
Net blockRs 13 Cr
InvestmentsRs 0 Cr
ReceivablesRs 14 Cr
InventoryRs 16 Cr
Other liabilitiesRs 17 Cr
Shares outstanding (crore)0.61
Ownership
Promoter holding62.71% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 25.4 is at the 94th percentile of its own 4.4-year range
(median 18.7, low 2.0, high 25.9).
P/B 2.85 is at the 25th percentile (median 5.30).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 526901 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +8.2% | -2.8% | +11.0 pts |
| 1 month | +24.4% | -6.8% | +31.2 pts |
| 3 months | +1.2% | -7.6% | +8.9 pts |
| 3 years | -32.6% | +14.2% | -46.8 pts |
| 5 years | +421.4% | +27.9% | +393.5 pts |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was -13% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 17% of total assets in 2026 |
| explain | Debt up, profit down Borrowings up 96% while net profit fell in 2026 |
| look | Profit leans on other income Other income was 100% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹28 Cr -2.7% vs Jun 2025.
Net profit ₹0 Cr -48.9%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| SRF Ltd | 71,738 | 32.0 | 14.6 % |
| Deepak Fertilisers & Petrochemicals Corp Ltd | 16,523 | 16.8 | 11.4 % |
| Tata Chemicals Ltd | 15,638 | 3.42 % | |
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd | 8,985 | 8.66 | 12.0 % |
| Tanfac Industries Ltd | 7,226 | 107 | 23.9 % |
| Gujarat Alkalies & Chemicals Ltd | 4,606 | 69.4 | 1.42 % |
| Grauer & Weil (India) Ltd | 3,744 | 23.4 | 20.6 % |
| GHCL Ltd | 3,724 | 8.16 | 17.4 % |
| J.G.Chemicals Ltd | 2,576 | 34.3 | 18.1 % |
| Thirumalai Chemicals Ltd | 1,834 | -3.15 % | |
| I G Petrochemicals Ltd | 1,801 | 22.1 | 3.11 % |
| Indo Borax & Chemicals Ltd | 1,569 | 32.0 | 15.4 % |
| Innovassynth Technologies (India) Ltd | 1,405 | -16.4 % | |
| Citurgia Biochemicals Ltd | 1,380 | % | |
| Vikram Thermo (India) Ltd | 1,320 | 30.1 | 36.2 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Sonal Adhesives Ltd?
Sonal Adhesives Ltd (526901) has a market capitalisation of Rs 24.8 Cr. at the 2026-10-01 close.
What is the P/E ratio of Sonal Adhesives Ltd?
Sonal Adhesives Ltd trades at a P/E of 18.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were Sonal Adhesives Ltd's latest quarterly results?
In the Jun 2026 quarter, Sonal Adhesives Ltd sales was Rs 28 Cr (-2.7% vs Jun 2025) and net profit was Rs 0 Cr.