Sonal Mercantile
SONAL NSE
Sonal Mercantile
Financial ServicesNSE: SONAL BSE: 538943 NBFC
Key Fundamentals
MicrocapNBFCFinancial ServicesMarket Cap
₹133 Cr
Volatility
Moderate
P/E Ratio
6.39
EBITDA
₹39.50 Cr
Return on Equity
2.98%
Debt to Equity
0.74
Book Value
₹261.51
52W High
₹104.75
52W Low
₹82.5
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 0.33 times its book value
Weaknesses
4- 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 8.14% over last 3 years.
Growth Rate
Revenue Growth
15.25% lower than
3Y
Net Income Growth
10.58% lower than
3Y
Cash Flow Change
—
ROE
2.41% lower than
3Y
ROCE
2.84% higher than
3Y
EBITDA Margin (Avg.)
-1.35% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | 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 | 9.64 | 10.05 | 9.36 | 10.26 | 9.43 | 9.07 | 8.23 | 8.56 | 9.34 | 9.79 | 8.26 | 13.37 | 5.2 |
| Expenses | 0.09 | 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 | 3.46 | 3.53 | 3.58 | 5.11 | 3.59 | 3.56 | 3.21 | 3.72 | 3.07 | 3.14 | 1.89 | 7.42 | 1.39 |
| Fin. Margin % | 35.89% | 35.12% | 38.25% | 49.81% | 38.07% | 39.25% | 39% | 43.46% | 32.87% | 32.07% | 22.88% | 55.5% | 26.73% |
| Other Income | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 | -0.08 | 0 | 0 | 0 | 0 | -0.16 |
| Interest | 6.09 | 6.37 | 5.83 | 5.01 | 5.76 | 5.48 | 4.8 | 4.72 | 6.05 | 6.32 | 5.86 | 5.74 | 4 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 |
| PBT | 3.45 | 3.52 | 3.57 | 5.12 | 3.58 | 3.55 | 3.2 | 3.63 | 3.06 | 3.13 | 1.88 | 7.41 | 1.23 |
| Tax % | 25.22% | 25% | 25.21% | 25.2% | 25.14% | 25.35% | 26.25% | 25.34% | 25.16% | 26.52% | 29.79% | 25.24% | 25.2% |
| Net Profit | 5.03 | 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 | 3.41 | 3.55 | 4.49 | 4.97 | 5.24 | 5.28 | 5.01 | 6.4 | 5.73 | 5.18 | 1.75 | 4.77 | 1.79 |
Profit & Loss
| Particulars | 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 |
| Expenses | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Financing Profit | 1 | 3 | 6 | 8 | 10 | 16 | 14 | 16 | 14 |
| Fin. Margin % | 23% | 20% | 34% | 39% | 40% | 40% | 40% | 38% | 38% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 2 | 9 | 11 | 12 | 15 | 23 | 21 | 24 | 22 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 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 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
Cash Flow
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | -59 | -59 | 0 | -21 | -1 | 0 | 1 | 17 |
| Investing | 0 | -4 | -4 | 0 | 1 | 0 | 0 | -18 |
| Financing | 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 |
Ratios
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Sonal Mercantile insights
15 extracted metrics + investor summaries across FY19–FY26.
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
23 Apr - Company declared it is not a SEBI large corporate. 23 Apr - Company declared it is not a SEBI large corporate.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
12h - Company declared it is not a SEBI large corporate. 12h - Company declared it is not a SEBI large corporate.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Apr - RTA confirmed Regulation 74(5) compliance for quarter and year ended March 31, 2026. 11 Apr - RTA confirmed Regulation 74(5) compliance for quarter and year ended March 31, 2026.
4
Board Meeting Outcome for Outcome Of Board Meeting Held On 7Th April, 2026
7 Apr - Board appointed Mrs. Nishu as Internal Auditor for FY 2026-27 on 7 April 2026. 7 Apr - Board appointed Mrs. Nishu as Internal Auditor for FY 2026-27 on 7 April 2026.
5
Disclosure Under Reg 30 Of SEBI (LODR) Reg, 2015- Appointment Of Internal Auditor For The FY 2026-27
7 Apr - Board appointed Mrs. Nishu as Internal Auditor for FY 2026-27 on 7 April 2026. 7 Apr - Board appointed Mrs. Nishu as Internal Auditor for FY 2026-27 on 7 April 2026.
3
Enclosed 41St Annual Report Along With Notice Of Annual General Meeting For The Financial Year 2025 - 2026 3 Sept 2026
Intimation
Frequently Asked Questions about Sonal Mercantile
What does Sonal Mercantile Ltd do?
Incorporated in 1985, Sonal Mercantile Ltd is an NBFC which provides short term and long term finance
Where is Sonal Mercantile Ltd (538943) listed?
Sonal Mercantile Ltd trades as SONAL on the NSE and under code 538943 on the BSE.
Which sector does Sonal Mercantile Ltd belong to?
Sonal Mercantile Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the market capitalisation of Sonal Mercantile Ltd?
Sonal Mercantile Ltd has a market capitalisation of ₹133.38 Cr, which places it in the Small Cap band.
What is the PE ratio of Sonal Mercantile Ltd?
Sonal Mercantile Ltd trades at a PE ratio of 6.39, against a book value of ₹261.51 per share.
What is the 52-week high and low of Sonal Mercantile Ltd?
Over the last 52 weeks Sonal Mercantile Ltd has traded between ₹82.5 and ₹104.75.
What is the Return on Equity (ROE) of Sonal Mercantile Ltd?
Sonal Mercantile Ltd reported a return on equity of 2.98%. Its debt-to-equity ratio is 0.74.
Company Information
Incorporated in 1985, Sonal Mercantile Ltd is an NBFC which provides short term and long term finance
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