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Sonal Adhesives Overview

Sonal Adhesives Limited is an Indian company specializing in the manufacturing and marketing of adhesive products, including industrial and consumer-grade adhesives. The company caters to various sectors such as construction, packaging, woodworking, automotive, and electronics by providing a range of adhesive solutions like glue, epoxy, sealants, and tapes. Operating on a small to mid-sized scale, Sonal Adhesives focuses on quality products and expanding its distribution network across domestic markets. Its performance is influenced by raw mate...Read More

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Sonal Adhesives Key Financials

Market Cap ₹25 Cr.

Stock P/E 13.9

P/B 2.5

Current Price ₹40.5

Book Value ₹ 16.2

Face Value 10

52W High ₹66.8

Dividend Yield 0%

52W Low ₹ 30.4

Sonal Adhesives Share Price

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Volume
Price

Sonal Adhesives Quarterly Price

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Sonal Adhesives Peer Comparison

Sonal Adhesives Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 27 25 27 25 27 26 32 28 35 29
Other Income 0 0 0 0 0 0 1 0 1 0
Total Income 28 26 27 25 27 27 32 29 36 29
Total Expenditure 27 25 26 24 26 26 31 27 34 28
Operating Profit 1 1 1 1 1 1 2 1 1 1
Interest 0 0 1 0 0 0 1 0 1 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 0 1 1 0 1 1 0 0
Provision for Tax 0 1 0 0 0 0 0 0 0 0
Profit After Tax 1 0 0 1 0 0 0 0 0 0
Adjustments -0 0 0 0 0 -0 0 -0 0 -0
Profit After Adjustments 1 0 0 1 0 0 0 0 0 0
Adjusted Earnings Per Share 1.2 0.3 0.4 1.1 0.7 0.5 0.6 0.7 0.4 0.3

Sonal Adhesives Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 43 24 27 44 37 32 17 59 83 101 110 124
Other Income 1 1 0 0 0 1 1 8 1 1 1 2
Total Income 44 25 27 44 38 33 18 67 84 102 112 126
Total Expenditure 40 28 31 47 38 34 18 58 80 98 107 120
Operating Profit 4 -3 -4 -3 -0 -1 -0 8 4 4 4 5
Interest 3 0 0 0 0 0 0 0 0 1 1 2
Depreciation 1 1 1 1 1 1 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 -4 -4 -3 -1 -3 -1 8 3 2 2 2
Provision for Tax 0 -1 -1 0 -0 -1 -0 2 1 1 1 0
Profit After Tax 0 -3 -3 -4 -1 -2 -1 6 2 2 2 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 -3 -3 -4 -1 -2 -1 6 2 2 2 0
Adjusted Earnings Per Share 0.8 -4.3 -5.1 -6.2 -1.7 -3.1 -1.4 9.3 3.7 3.1 2.9 2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 9% 23% 28% 10%
Operating Profit CAGR 0% -21% 0% 0%
PAT CAGR 0% -31% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -21% -24% 37% 12%
ROE Average 22% 35% 21% -15%
ROCE Average 22% 29% 29% 9%

Sonal Adhesives Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 10 7 4 0 -1 -3 -4 3 5 7 9
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 0 0 0 0 0 0 0 0 1 2
Other Non-Current Liabilities 1 -0 -2 -1 -2 -2 -3 -0 0 0 1
Total Current Liabilities 33 29 29 27 32 33 33 22 23 24 28
Total Liabilities 46 36 31 26 30 28 27 24 29 33 40
Fixed Assets 7 7 6 6 5 5 4 4 4 5 13
Other Non-Current Assets 2 3 6 5 5 2 2 3 3 2 1
Total Current Assets 36 27 19 16 20 21 20 18 23 26 26
Total Assets 46 36 31 26 30 28 27 24 29 33 40

Sonal Adhesives Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 2 -0 -0 -0 -0 -0 0 0 -0 -0
Cash Flow from Operating Activities -6 2 0 1 -4 -1 4 19 -1 -1 7
Cash Flow from Investing Activities -0 0 -0 -0 0 -0 0 1 -2 -1 -9
Cash Flow from Financing Activities 7 -4 -0 -0 4 2 -4 -20 3 1 1
Net Cash Inflow / Outflow 0 -2 -0 0 -0 0 0 -0 -0 -0 -1
Closing Cash & Cash Equivalent 2 1 -0 -0 -0 -0 0 0 -0 -0 -1

Sonal Adhesives Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.76 -4.35 -5.14 -6.24 -1.69 -3.1 -1.36 9.25 3.74 3.06 2.91
CEPS(Rs) 2.05 -3.11 -3.88 -4.98 -0.46 -1.85 -0.22 10.36 4.77 4.22 4.14
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 15.96 11.61 6.51 0.28 -1.39 -4.5 -5.83 5.08 8.83 11.9 14.79
Core EBITDA Margin(%) 6.85 -12.9 -12.51 -6.9 -2.66 -6.64 -4.99 0.75 3.66 2.86 2.83
EBIT Margin(%) 7.31 -13.01 -14.93 -7.8 -3.33 -6.68 -5.59 13.16 3.86 3.14 3.37
Pre Tax Margin(%) 1.2 -13.97 -14.97 -7.83 -3.72 -7.9 -5.59 13.14 3.63 2.48 2.2
PAT Margin (%) 1 -9.93 -10.55 -8.5 -2.74 -5.84 -4.85 9.55 2.72 1.84 1.6
Cash Profit Margin (%) 2.69 -7.1 -7.97 -6.79 -0.74 -3.5 -0.78 10.69 3.47 2.54 2.27
ROA(%) 1.05 -6.45 -9.22 -13.1 -3.65 -6.53 -3.02 21.9 8.42 5.93 4.81
ROE(%) 4.83 -31.53 -56.7 -183.6 0 0 0 0 53.73 29.52 21.82
ROCE(%) 11.52 -11.11 -16.94 -15.45 -5.69 -9.14 -4.47 63.73 40.35 25.17 22.14
Receivable days 140.74 257.31 193.45 92.1 91.25 103.96 170.81 31.2 19.61 29.63 35.54
Inventory Days 92.05 118.59 52.01 28.14 33.85 23.94 27.97 39.29 53.7 44.01 39.8
Payable days 117.08 118.29 103.48 63.46 74.31 76.72 136.66 75.23 75.81 60.9 56.19
PER(x) 15.04 0 0 0 0 0 0 1.36 18.94 23.89 14.75
Price/Book(x) 0.71 1.09 1.54 22.4 0 0 -1.44 2.47 8.02 6.15 2.9
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.68 1.12 0.95 0.53 0.79 0.99 1.58 0.17 0.57 0.51 0.33
EV/Core EBITDA(x) 7.06 -10.12 -7.07 -8.63 -59.22 -22.8 -104.47 1.18 12.25 13.25 8.1
Net Sales Growth(%) -23.9 -43.52 11.24 60.58 -14.39 -14 -47.24 245.85 42.06 20.79 9.55
EBIT Growth(%) 4.67 -202.32 -27.79 21.28 64.08 -72.27 55.81 914.57 -58.31 -1.96 17.69
PAT Growth(%) -22.78 -673.4 -18.22 -21.37 72.93 -83.44 56.09 780.44 -59.59 -18.15 -4.83
EPS Growth(%) -22.78 -673.4 -18.22 -21.37 72.93 -83.44 56.09 780.43 -59.59 -18.15 -4.83
Debt/Equity(x) 2.57 2.91 5.2 118.86 -28.68 -9.66 -6.34 0.75 0.98 1.01 1.13
Current Ratio(x) 1.08 0.92 0.64 0.57 0.61 0.63 0.62 0.83 0.98 1.07 0.92
Quick Ratio(x) 0.73 0.73 0.55 0.43 0.52 0.59 0.58 0.31 0.42 0.61 0.47
Interest Cover(x) 1.2 -13.49 -435.34 -305.32 -8.53 -5.46 -4743 909.06 16.3 4.75 2.88
Total Debt/Mcap(x) 3.6 2.68 3.39 5.31 0 0 4.39 0.3 0.12 0.16 0.39

Sonal Adhesives Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 62.71 62.71 62.71 62.71 62.71 62.71 62.71 62.71 62.71 62.71
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 37.29 37.29 37.29 37.29 37.29 37.29 37.29 37.29 37.29 37.29
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Sonal Adhesives News

Sonal Adhesives Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 35%
  • Debtor days have improved from 60.9 to 56.19days.

Cons

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