Price
Financials
Consolidated, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.05 | 9.36 | 10.26 | 9.43 | 9.07 | 8.23 | 8.56 | 9.34 | 9.79 | 8.26 | 13.37 | 5.20 |
| Interest | 6.37 | 5.83 | 5.01 | 5.76 | 5.48 | 4.80 | 4.72 | 6.05 | 6.32 | 5.86 | 5.74 | 4.00 |
| Expenses | 0.15 | -0.05 | 0.14 | 0.08 | 0.03 | 0.22 | 0.12 | 0.22 | 0.33 | 0.51 | 0.21 | -0.19 |
| Financing Profit | 3.53 | 3.58 | 5.11 | 3.59 | 3.56 | 3.21 | 3.72 | 3.07 | 3.14 | 1.89 | 7.42 | 1.39 |
| Financing Margin % | 35.12% | 38.25% | 49.81% | 38.07% | 39.25% | 39.00% | 43.46% | 32.87% | 32.07% | 22.88% | 55.50% | 26.73% |
| Other Income | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | -0.08 | 0.00 | 0.00 | 0.00 | 0.00 | -0.16 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Profit before tax | 3.52 | 3.57 | 5.12 | 3.58 | 3.55 | 3.20 | 3.63 | 3.06 | 3.13 | 1.88 | 7.41 | 1.23 |
| Tax % | 25.00% | 25.21% | 25.20% | 25.14% | 25.35% | 26.25% | 25.34% | 25.16% | 26.52% | 29.79% | 25.24% | 25.20% |
| Net Profit | 5.23 | 6.62 | 7.32 | 7.73 | 7.78 | 7.38 | 9.43 | 8.44 | 7.63 | 2.58 | 7.03 | 2.64 |
| EPS in Rs | 3.55 | 4.49 | 4.97 | 5.24 | 5.28 | 5.01 | 6.40 | 5.73 | 5.18 | 1.75 | 4.77 | 1.79 |
| Gross NPA % | ||||||||||||
| Net NPA % |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 13 | 19 | 21 | 26 | 39 | 35 | 41 | 37 |
| Interest | 2 | 9 | 11 | 12 | 15 | 23 | 21 | 24 | 22 |
| Expenses | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Financing Profit | 1 | 3 | 6 | 8 | 10 | 16 | 14 | 16 | 14 |
| Financing Margin % | 23% | 20% | 34% | 39% | 40% | 40% | 40% | 38% | 38% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 3 | 6 | 8 | 11 | 16 | 14 | 15 | 14 |
| Tax % | 25% | 25% | 25% | 26% | 25% | 25% | 26% | 26% | |
| Net Profit | 5 | 6 | 14 | 17 | 18 | 24 | 32 | 26 | 20 |
| EPS in Rs | 3.15 | 4.41 | 9.65 | 11.55 | 12.21 | 16.42 | 21.93 | 17.42 | 13.49 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 17% | 16% | 4% | ||
| Compounded Profit Growth | % | 13% | 13% | -40% | ||
| Stock Price CAGR | 27% | 24% | 2% | -8% | ||
| Return on Equity | % | 8% | 8% | 7% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 161 | 170 | 202 | 233 | 275 | 299 | 343 | 371 |
| Borrowing | 67 | 134 | 138 | 159 | 304 | 291 | 257 | 295 |
| Other Liabilities | 0 | 8 | 26 | 17 | 15 | 16 | 16 | 17 |
| Total Liabilities | 244 | 327 | 381 | 423 | 608 | 621 | 632 | 697 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 5 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 153 | 164 | 195 | 220 | 253 | 259 | 293 | 326 |
| Other Assets | 90 | 163 | 185 | 203 | 355 | 355 | 332 | 365 |
| Total Assets | 244 | 327 | 381 | 423 | 608 | 621 | 632 | 697 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -59 | -59 | 0 | -21 | -1 | 0 | 1 | 17 |
| Cash from Investing Activity | 0 | -4 | -4 | -0 | 1 | -0 | -0 | -18 |
| Cash from Financing Activity | 65 | 58 | 3 | 21 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 6 | -6 | -0 | 0 | 0 | 0 | 1 | -1 |
| Free Cash Flow | -59 | -59 | 0 | -21 | -1 | 0 | 1 | 17 |
| CFO/OP | -1,849% | -485% | 10% | -97% | 5% | 11% | 14% | 54% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| ROE % | 3% | 4% | 7% | 7% | 7% | 8% | 10% | 7% |
| 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 | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% |
| Public | 75.09% | 75.09% | 75.09% | 75.08% | 75.09% | 75.09% | 75.09% | 75.10% | 75.08% | 75.09% | 75.09% | 75.08% |
| No. of Shareholders | 1,967 | 1,940 | 1,943 | 1,880 | 2,079 | 2,122 | 2,108 | 2,074 | 2,026 | 1,890 | 1,816 | 1,782 |
Fundamentals
Market Cap₹ 157 Cr.
Current Price₹ 91.7
Stock P/E7.89
Book Value₹ 262
ROCE6.09 %
ROE6.91 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)-40%
Consolidated figures.
Valuation
Market capRs 129 Cr
Enterprise valueRs 420 Cr
P/E (TTM)6.49x
Price to book0.41x
Price to sales3.52x
EV / EBITDA11.77x
EV / EBIT11.79x
EV / sales11.46x
Price to cash flow460.89x
Earnings yield15.40%
P/E, 3-year average4.98x
P/B, 3-year average0.35x
P/E, 5-year average4.10x
P/B, 5-year average0.26x
Profitability
Operating margin (excl. other income)98.63%
Operating margin (incl. other income)98.81%
EBITDA margin97.30%
Pre-tax margin37.27%
Net profit margin54.29%
Net margin, latest quarter50.77%
ROE8.02%
ROCE6.50%
ROA3.94%
ROE, 3-year average7.35%
ROCE, 3-year average5.65%
ROA, 3-year average3.89%
ROE, 5-year average6.55%
ROCE, 5-year average5.29%
ROA, 5-year average3.59%
ROIC (approx.)4.41%
Tax rate25.13%
Other income / net worth0.02%
Growth
Sales growth (latest year)49.53%
Profit growth (latest year)34.44%
Sales CAGR, 3 years28.70%
Sales CAGR, 5 years56.45%
Profit CAGR, 3 years19.36%
Profit CAGR, 5 years39.14%
Sales growth QoQ-61.11%
Profit growth QoQ-62.45%
Sales growth YoY (latest quarter)-44.33%
Profit growth YoY (latest quarter)-68.72%
Per share
EPS (TTM)Rs 13.49
EPS (latest year)Rs 16.42
EPS (latest quarter)Rs 1.79
EPS, 3-year averageRs 13.39
EPS, 5-year averageRs 10.85
Book value per shareRs 212.95
Sales per shareRs 24.85
Cash flow per shareRs 0.19
Free cash flow per shareRs 11.53
Efficiency
Asset turnover0.06x
Fixed asset turnover6.14x
Leverage
Total debtRs 291 Cr
Cash and bankRs 0 Cr
Net debtRs 290 Cr
Debt to equity0.93x
Net debt / EBITDA8.15x
Interest coverage1.62x
Owners' fund to total sources50.57%
Debt to assets46.83%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 17 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Cash from ops / profit, 5 years-0.03x
Sales to cash flow140.93x
Statement figures
Net sales (TTM)Rs 37 Cr
Net sales (latest year)Rs 39 Cr
Sales (latest quarter)Rs 5 Cr
Operating profit excl. other income (latest year)Rs 39 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 36 Cr
PBDT (TTM)Rs 14 Cr
Profit before tax (TTM)Rs 14 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 20 Cr
Net profit (latest year)Rs 24 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 22 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 1 Cr
Total income (latest year)Rs 40 Cr
Share capitalRs 15 Cr
ReservesRs 299 Cr
Shareholders' fundsRs 314 Cr
Total assetsRs 621 Cr
Net blockRs 6 Cr
InvestmentsRs 259 Cr
Other liabilitiesRs 16 Cr
Shares outstanding (crore)1.47
Ownership
Promoter holding24.92% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | SONAL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +4.2% | -2.8% | +7.0 pts |
| 1 month | -2.1% | -6.8% | +4.7 pts |
| 3 months | +0.1% | -7.6% | +7.7 pts |
Red flags
F-score 7 of 8| explain | Weak cash conversion Cash from operations was -37% of net profit over the last 3 years |
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 2026Revenue ₹5 Cr -44.3% vs Jun 2025.
Net profit ₹3 Cr -68.7%.
Against our estimate for Jun 2026: sales -56.6%, profit -66.2% big miss. Our estimate for Sep 2026: sales Rs 10 Cr, profit Rs 5 Cr (how).
Activity
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| Bajaj Finance Ltd | 606,283 | 29.6 | 10.9 % |
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| Muthoot Finance Ltd | 109,874 | 9.66 | 15.8 % |
| L&T Finance Ltd | 67,935 | 21.2 | 8.40 % |
| SBI Cards & Payment Services Ltd | 55,290 | 24.3 | 10.1 % |
| HDB Financial Services Ltd | 52,415 | 19.0 | 9.09 % |
| Sundaram Finance Ltd | 48,161 | 21.2 | 9.44 % |
| Authum Investment & Infrastructure Ltd | 46,011 | 22.0 | 13.6 % |
| Mahindra & Mahindra Financial Services Ltd | 45,035 | 13.5 | 8.72 % |
| Poonawalla Fincorp Ltd | 39,011 | 49.6 | 7.51 % |
| Manappuram Finance Ltd | 29,725 | 20.5 | 8.25 % |
| IIFL Finance Ltd | 25,929 | 12.3 | 10.9 % |
| Capri Global Capital Ltd | 23,756 | 21.1 | 11.7 % |
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.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Sonal Mercantile Ltd?
Sonal Mercantile Ltd (SONAL) has a market capitalisation of Rs 157 Cr. at the 2026-09-30 close.
What is the P/E ratio of Sonal Mercantile Ltd?
Sonal Mercantile Ltd trades at a P/E of 7.89 on trailing twelve-month profit, at the 2026-09-30 close.
What were Sonal Mercantile Ltd's latest quarterly results?
In the Jun 2026 quarter, Sonal Mercantile Ltd revenue was Rs 5 Cr (-44.3% vs Jun 2025) and net profit was Rs 3 Cr.
What is the 52-week high and low of Sonal Mercantile Ltd?
The 52-week high is Rs 104.75 and the 52-week low is Rs 82.50.