Micro NBFC

Sonal Mercantile Ltd.

SONAL

₹100.0

-0.99% (-1.0)

Market Cap

₹147 Cr.

P/E

14.16

Sonal Mercantile Ltd.
Overview
Financials
Benchmarking
Shareholding

Sonal Mercantile Ltd.

Sonal Mercantile Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Sonal Mercantile Ltd. Shareprice

Has the share price of Sonal Mercantile grown faster than its competition?

Sonal Mercantile has given better returns compared to its competitors.
Sonal Mercantile has grown at ~48.37% over the last 5yrs while peers have grown at a median rate of 43.22%

Is Sonal Mercantile stock expensive?

Sonal Mercantile is not expensive.
Latest PE of Sonal Mercantile is 4.56 while 3 year average PE is 5.29.
Also latest Price to Book of Sonal Mercantile is 0.41 while 3yr average is 0.5.

View FAQ's On Business

Growth Table

Sonal Mercantile Ltd.
Baid Finserv
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Indian Infotech&Soft
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-16.56	10.89	39.99	56.55	48.37	43.34	23.75	35.37	33.02	32.42
TTM EPS CAGR	32.13	31.46	25.10	19.97	26.90	44.36	116	—	98.06	65.13
Sales CAGR	-10.23	14.61	19.32	17.52	21.64	42.97	43.70	41.65	35.31	31.24
PAT Margin (Abs Growth)	0.03	0.55	4.79	14.60	12.90	24.78	26.94	27.14	28.45	29.38
PE CAGR	-36.85	-15.65	11.90	30.49	16.92	-0.71	-42.71	—	-32.84	-19.81
CFO CAGR	-122	—	-16.31	—	—	—	3.20	—	-4.92	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Sonal Mercantile Ltd.
Baid Finserv
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Indian Infotech&Soft
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In Rs. Cr.	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	243	327	381	423	608	625	632
Non Current Assets	234	324	378	422	607	619	624
Net Block	0.03	0.00	0.00	0.00	0.18	0.12	0.09
Capital Work in Progress	0.00	0.00	0.00	0.00	0.00	0.00	—
Intangible Assets Under Development	—	—	—	—	—	—	—
Long Term Investments	153	164	195	220	253	266	293
Current Assets	9.41	2.91	2.37	1.45	1.50	5.47	7.78
Inventory	—	—	—	—	—	—	—
Accounts Receivable	—	—	—	—	—	0.00	—
Short Term Investments	0.76	3.84	—	—	—	—	—
Cash & Bank Balances	5.69	0.13	0.01	0.02	0.11	0.13	0.92
Liabilities	243	327	381	423	608	625	632
Shareholders Funds	176	184	217	248	290	314	358
Share Capital	14.74	14.74	14.74	14.74	14.74	14.74	14.74
Reserves	161	170	181	233	275	299	343
Non Current Liabilities	67.28	135	138	159	304	291	258
Secured Loans	—	—	—	—	—	—	—
Unsecured Loans	67.09	134	138	159	304	291	—
Current Liabilities	0.21	7.72	26.40	16.65	15.09	20.08	15.79
Accounts Payable	—	—	—	—	—	—	—
Short Term Loans	—	—	—	—	—	—	—

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Sonal Mercantile Ltd.
Baid Finserv
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Indian Infotech&Soft
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In Rs. Cr.	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	4.13	13.08	18.51	20.84	26.39	39.32	35.29
Operating Expenses	1.02	1.10	0.85	0.66	0.88	0.53	0.45
Raw Material	—	—	—	—	—	—	0.00
Material Cost (%)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	0.72	0.88	0.67	0.39	0.25	0.27	0.37
Power & Fuel Cost	—	0.00	0.00	0.00	—	—	—
Operating Profit	3.11	11.98	17.66	20.18	25.51	38.79	34.84
Other Income	0.08	0.02	0.00	0.07	0.08	0.21	-0.07
OPM (%)	75.25	91.59	95.43	96.81	96.67	98.65	98.71
Depreciation and Amortisation	0.01	0.00	0.00	0.00	0.04	0.06	0.04
Interest	2.23	9.35	11.46	12.06	15.03	23.29	20.77
Profit Before Tax	0.94	2.65	6.20	8.19	10.52	15.64	13.96
Tax	0.24	0.67	1.57	2.09	2.67	3.94	3.55
Net Profit	4.64	6.50	14.23	17.02	18.00	24.20	10.41
Number of shares(Crs)	1.47	1.47	1.47	1.47	1.47	1.47	—
Dividend Payout Ratio(%)	0.00	0.00	0.00	0.00	0.00	0.00	—

TTM Values as of Mar 2025

Cash Flow

Sonal Mercantile Ltd.
Baid Finserv
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Indian Infotech&Soft
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In Rs. Cr.	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	-59.34	-59.49	0.48	-21.06	-1.27	0.28	1.16
Profit Before Tax	0.94	2.65	6.26	8.19	10.52	15.64	13.96
Adjustments	2.17	9.34	0.00	0.00	-0.04	-0.09	-0.07
OCF Before Working Capital	3.12	11.99	6.26	8.19	10.48	15.56	13.89
Working Capital Changes	-62.08	-70.27	-4.43	-27.80	-9.08	-11.33	-9.19
Taxes Paid	-0.37	-1.22	-1.35	-1.45	-2.67	-3.94	-3.55
Cash from Investing Activity	0.07	-3.80	-3.95	-0.01	1.36	-0.25	-0.37
Net Fixed Assets Purchased	0.00	0.02	0.00	0.00	-0.22	-0.00	-0.00
Fixed Assets Purchased	—	-0.00	—	—	-0.22	-0.00	-0.00
Fixed Assets Sold	—	0.02	—	—	—	—	—
Investment Purchased	—	-3.84	-3.95	-0.01	—	-0.25	—
Investment Sold	—	—	—	-0.01	1.57	—	—
Interest Recieved	0.07	0.02	—	—	—	—	—
Dividends Recieved	—	—	—	—	—	—	—
Subsidiary Investments	—	—	—	—	—	—	—
Cash from Financing Activity	64.86	57.74	3.35	21.08	145	—	—
Proceeds From Shares	—	—	—	—	—	—	—
Net Long Term Borrowings	67.09	67.08	0.00	21.08	145	0.00	0.00
Proceeds From Borrowings	67.09	67.08	—	21.08	145	—	—
Repayment From Borrowings	—	—	—	—	—	—	—
Interest Paid	-2.23	-9.34	—	—	—	—	—
Dividend Paid	—	—	—	—	—	—	—
Net Cash Flow	5.60	-5.56	-0.12	0.01	0.08	0.03	0.78
Opening Cash & Cash Equivalents	0.10	5.69	0.13	0.01	0.02	0.11	0.13
Effect of FX	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	5.69	0.13	0.01	0.02	0.11	0.13	0.92
Net Capex (est)	0.00	-0.02	0.00	0.00	0.22	0.00	0.00
Free Cash Flow (est)	-59.34	-59.47	0.48	-21.06	-1.49	0.28	1.16

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Sonal Mercantile Ltd.
Baid Finserv
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Indian Infotech&Soft
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	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	44.95	0.38	0.09	0.09	0.10	0.27
Liquid Assets (Crs)	9.41	2.91	2.37	1.45	1.50	5.47
Current Liabilities (Crs)	0.21	7.72	26.40	16.65	15.09	20.08
Current Ratio	44.95	0.38	0.09	0.09	0.10	0.27
Current Assets (Crs)	9.41	2.91	2.37	1.45	1.50	5.47
Current Liabilities (Crs)	0.21	7.72	26.40	16.65	15.09	20.08
Interest Coverage Ratio	1.42	1.28	1.54	1.68	1.70	1.67
EBIT (Crs)	3.17	12.00	17.66	20.25	25.55	38.94
Interest Expenses (Crs)	2.23	9.35	11.46	12.06	15.03	23.29
Fixed Asset Turnover	12.88	2,384	3,371	3,798	119	175
Net Sales (Crs)	4.13	13.08	18.51	20.84	26.39	39.32
Fixed Assets (Crs)	0.32	0.01	0.01	0.01	0.22	0.22
Cash Conversion Cycle	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Days	0.00	0.00	0.00	0.00	0.00	0.00
Days Receivable	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable	0.00	—	—	—	—	—
Debt to Equity Ratio	0.38	0.73	0.63	0.64	1.05	0.93
Total Debt (Crs)	67.09	134	138	159	304	291
Shareholders Equity (Crs)	176	184	217	248	290	314
Free Cash Flow/Sales (%)	-1,436	-455	2.58	-101	-5.64	0.70
Free Cash Flow(est) (Crs)	-59.34	-59.47	0.48	-21.06	-1.49	0.28
Net Sales (Crs)	4.13	13.08	18.51	20.84	26.39	39.32
Profitability Ratios
Gross Margin (%)	100.00	100.00	100.00	100.00	100.00	100.00
Op Profit Margin (%)	75.25	91.59	95.43	96.81	96.67	98.65
Operating Profit (Crs)	3.19	12.01	17.66	20.25	25.59	38.99
Net Sales (Crs)	4.13	13.08	18.51	20.84	26.39	39.32
Net Profit Margin (%)	112	49.69	76.92	81.67	68.20	61.55
Net Profit (Crs)	4.64	6.50	14.23	17.02	18.00	24.20
Net Sales (Crs)	4.13	13.08	18.51	20.84	26.39	39.32
ROCE (%)	1.30	3.76	4.99	4.98	4.31	6.44
EBIT (Crs)	3.17	12.00	17.66	20.25	25.55	38.94
Capital Employed (Crs)	243	319	354	406	593	604
Return on Assets (%)	1.91	1.99	3.74	4.02	2.96	3.87
Net Profit (Crs)	4.64	6.50	14.23	17.02	18.00	24.20
Total Assets (Crs)	243	327	381	423	608	625
ROIC (%)	64.75	-181	-54.81	-98.62	-141	-198
Op Profit after Taxes (Crs)	2.29	8.97	13.17	15.02	19.01	28.98
Invested Capital (Crs)	3.54	-4.94	-24.03	-15.23	-13.52	-14.61
ROE (%)	2.64	3.53	6.57	6.87	6.21	7.71
Net Profit Margin (%)	112	49.69	76.92	81.67	68.20	61.55
Asset Turnover ratio	0.02	0.04	0.05	0.05	0.04	0.06
Equity Multiplier	1.38	1.77	1.76	1.71	2.10	1.99
Adjusted EPS	3.15	4.41	9.66	11.55	12.21	16.42
Valuation Ratios
P/E	2.55	3.89	1.66	3.35	5.93	5.67
Price to Book	0.07	0.14	0.12	0.23	0.37	0.44
EV/EBITDA	22.97	13.27	9.12	10.65	16.03	10.97
Dividend Yield (%)	0.00	0.00	0.00	0.00	0.00	0.00

Quarterly Results

Sonal Mercantile Ltd.
Baid Finserv
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Indian Infotech&Soft
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	6.37	8.97	9.64	10.05	9.36	10.26	9.43	9.07	8.23	8.56
Operating Expenses	0.12	0.58	0.09	0.16	-0.05	0.15	0.07	0.03	0.22	0.13
Increase/Decrease in Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Raw Material	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	0.06	0.06	0.06	0.06	0.07	0.07	0.07	0.07	0.14	0.09
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.42	0.00	0.07	-0.26	0.00	-0.12	-0.08	0.02	0.00
Operating Profit	6.26	8.39	9.55	9.89	9.41	10.12	9.36	9.04	8.01	8.43
Other Income	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.00	-0.07
Interest	3.77	4.70	6.09	6.37	5.83	5.01	5.76	5.48	4.80	4.72
PBDT	2.49	3.69	3.46	3.53	3.58	5.13	3.59	3.56	3.20	3.64
Depreciation and Amortization	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Profit Before Tax	2.47	3.67	3.45	3.51	3.57	5.11	3.58	3.55	3.19	3.63
Tax	0.62	0.82	0.87	0.89	0.90	1.29	0.90	0.90	0.84	0.92
Profit After Tax	1.85	2.85	2.58	2.63	2.67	3.82	2.69	2.65	2.36	2.71
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	4.54	4.53	5.03	5.23	6.62	7.32	7.73	7.78	7.38	9.43
Quarterly Ratios
EPS	3.08	3.07	3.42	3.55	4.49	4.97	5.25	5.28	5.00	6.40
Operating Profit Margin	98.16	93.58	99.11	98.44	101	98.58	99.20	99.69	97.31	98.47
Net Profit Margin	29.04	31.73	26.80	26.16	28.53	37.26	28.50	29.26	28.66	31.61

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

16.80%

Implied Growth Rate over a 5 year period*

3.00%

Implied Growth Rate over a 10 year period*

0.00%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Sonal Mercantile Ltd. Financials

How strong is Sonal Mercantile balance sheet?

The companies balance sheet of Sonal Mercantile is weak, but was strong historically.

Is the profitablity of Sonal Mercantile improving?

The profit is oscillating.
The profit of Sonal Mercantile is ₹10.41 Crs for TTM, ₹24.2 Crs for Mar 2024 and ₹18 Crs for Mar 2023.

Does Sonal Mercantile pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Sonal Mercantile latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

View FAQ's On Shareholding

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Sonal Mercantile Ltd.

Sonal Mercantile Ltd.

Has the share price of Sonal Mercantile grown faster than its competition?

Is Sonal Mercantile stock expensive?

How strong is Sonal Mercantile balance sheet?

Is the profitablity of Sonal Mercantile improving?

Does Sonal Mercantile pay decent dividends?

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