Sonal Adhesives Ltd (SONALAD)

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Sonal Adhesives Ltd (SONALAD) · mywealthgrid

About

Sonal Adhesives Ltd operates in Commodity Chemicals within the Materials sector.

Face value: ₹10

Market cap

₹30 Cr

P/E

—

P/B

2.9×

Dividend yield

ROE

14.2%

ROCE

23.6%

Debt / equity

2.1

OPM

2.3%

EPS (TTM)

₹-1.4

Book value

₹17.1

52-week high

—

52-week low

—

1,390 historical price candles were omitted because the exchange source has not been verified.

₹48.7-3%1Y

Quick read

rule-based

Pros

+Strong return on equity of 21.8% (3-yr avg)
+High return on capital employed of 34.1%
+Revenue CAGR of 49.4% over the last 5 years
+High promoter holding of 62.7% with no pledge

Cons

−Thin operating margin of 2.3%
−Profit declined 15.5% a year over the last 3 years
−Heavily leveraged (debt/equity 2.1)

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 21
Growth: 28

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	24	27	44	37	32	17	59	83	101	110	126
COGS	-21	-21	-42	-35	-31	15	55	75	91	99	109
Gross profit	—	—	—	—	—	2	4	8	10	11	17
	49	52	89	73	65	3	4	5	7	8	14
	-3	-4	-3	-1	-2	-1	0	3	3	3	3
OPM %	-13.8%	-13.7%	-6.8%	-2.6%	-6.7%	-5%	0.8%	3.7%	2.9%	2.8%	2.3%
Depreciation	1	1	1	1	1	1	1	1	1	1	1
Interest	1	0	0	0	0	0	0	0	1	1	2
	—	—	0	0	1	1	8	1	1	1	2
Profit before tax	-4	-4	-3	-1	-3	-1	8	3	2	2	2
Tax	—	—	0	-0	-1	-0	2	1	1	1	0
Tax %	—	—	8.6%	-25.9%	-26.4%	-12.6%	27.3%	25.2%	25.7%	27.2%	17.5%
	-3	-4	-4	-1	-2	-1	6	2	2	2	1
PAT margin %	-10.7%	-16.2%	-8.5%	-2.7%	-5.9%	-4.8%	9.6%	2.7%	1.8%	1.6%	1.1%
EPS (₹)	-4.3	-7.3	-6.4	-1.7	-4.4	-1.4	9.3	3,73,831	3,05,965	2,91,192	2.6
EPS adjusted (₹)	—	—	—	—	—	-1.4	9.3	3.8	3.1	2.9	2.3
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6	6	6	6	6	6
Reserves	-10	-3	-1	1	3	4
	22	2	5	7	10	22
	11	20	19	19	21	17
Total equity & liabilities	29	25	29	33	40	49
	4	4	4	5	13	13
CWIP	—	—	—	—	—	0
Investments	0	0	0	0	0	0
	25	21	26	29	28	36
Total assets	29	25	29	33	40	49

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	19	-1	-1	7	-7
	0	1	-2	-1	-9	-2
	-4	-20	3	1	1	9
Net cash flow	0	0	-0	-0	-1	0
Free cash flow	4	18	-2	-2	-2	-9
CFO / Operating profit %	—	—	-35.6%	-18.5%	221.9%	-240.9%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	10.3%	6.9%	9.8%	9.7%	10.1%	13.4%
EBITDA margin %	-2.6%	-6.7%	-5%	0.8%	3.7%	2.9%	2.8%	2.3%
EBIT margin %	-4.6%	-9%	-9.1%	-0.4%	2.9%	2.2%	2.1%	1.3%
PAT margin %	-2.7%	-5.9%	-4.8%	9.6%	2.7%	1.8%	1.6%	1.1%
Working capital
Receivable days	—	—	158	17	28	37	38	41
Inventory days	—	—	29	76	64	45	48	53
Payable days	—	—	123	109	62	62	50	49
NWC days	—	—	65	-16	29	19	36	45
Leverage
Current ratio	—	—	0.62	0.83	0.98	1.07	0.92	1.09
Debt to EBITDA	—	—	—	5.25	1.71	2.54	3.24	7.48
Debt to equity	—	—	-6.35	0.75	0.98	1.01	1.12	2.1
Interest coverage	-7.2	-5.4	—	773	16.2	4.7	2.9	2.1
Asset turnover	—	—	0.58	2.35	2.83	3.04	2.74	2.58
Return ratios
Return on assets %	—	—	-2.8%	22.5%	7.7%	5.6%	4.4%	2.8%
Return on capital employed %	—	—	27.7%	232.1%	68.9%	42.8%	36%	23.6%
Return on equity %	—	—	23.2%	182.1%	42.4%	25.7%	19.6%	13.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	62.71%	62.71%	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%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	37.29%	37.29%	37.29%	37.29%	37.29%	37.29%	37.29%	37.29%	37.29%	37.29%	37.29%	37.29%
No. of shareholders	—	—	—	—	—	—	—	—	4,815	4,758	4,668	4,611

Promoter holding up 0 percentage points since Sep 2023.

9 deals · 20 Jul 2022 – 4 Jul 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Jul 2024	XTENDED BUSINESS REPORTING LIMITED	Bulk	BSE	Buy	39,632	₹84.63	₹0.34 Cr
4 Jul 2024	XTENDED BUSINESS REPORTING LIMITED	Bulk	BSE	Sell	2	₹88.00	₹0.00 Cr
28 Dec 2023	KAILASHBEN ASHOKKUMAR PATEL	Bulk	BSE	Sell	36,771	₹97.41	₹0.36 Cr
22 Nov 2022	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	42,941	₹125.45	₹0.54 Cr
22 Nov 2022	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	42,941	₹137.99	₹0.59 Cr
25 Aug 2022	SHAH MITA DIPAK	Bulk	BSE	Sell	65,000	₹45.11	₹0.29 Cr
25 Aug 2022	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	61,718	₹45.10	₹0.28 Cr
25 Aug 2022	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	45,722	₹45.10	₹0.21 Cr
20 Jul 2022	NIKHIL JAIN	Bulk	BSE	Buy	40,000	₹43.71	₹0.17 Cr

1–9 of 9

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Sandeep AroraChairman & Managing Director
Mrs. Mridu Sandeep AroraDirector
Ajeet SinghChief Financial Officer
Mr. Tejas ShahNon - Executive Independent Director
Mr. Vipul Amul DesaiNon - Executive Independent Director
Mr. Amish AsharCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Sonal Adhesives Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Nov 2026 · in 42 daysresults

3

Dividend dividend13 Sept 2012 · ex-date₹0.5
Dividend dividend15 Sept 2011 · ex-date₹0.5
Dividend dividend16 Sept 2010 · ex-date₹0.5

2

Board meeting to consider results13 Nov 2026
Board meeting to consider results12 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

34 announcementsExport CSV

28 Sept 2026, 4:54 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

28 Sept 2026, 4:03 pmBoard Meeting

Board Meeting Intimation for Approval Of Un-Audited Financial Results For The 2Nd Quarter And Half Year Ended 30Th September, 2026

Exchange filing PDF

3 Sept 2026, 4:42 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Aug 2026, 3:24 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

7 Jul 2026, 3:42 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

2 Jul 2026, 2:40 pmCompany Update

Clarification On Price Movement

General PDF

1 Jul 2026, 6:39 pmCompany Update

Clarification Sought from Sonal Adhesives Ltd

Clarification

25 Jun 2026, 2:50 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

Date	Category	Subject	Filing
28 Sept 2026, 4:54 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
28 Sept 2026, 4:03 pm	Board Meeting	Board Meeting Intimation for Approval Of Un-Audited Financial Results For The 2Nd Quarter And Half Year Ended 30Th September, 2026

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	10.3%	6.9%	9.8%	9.7%	10.1%	13.4%
EBITDA margin %	-2.6%	-6.7%	-5%	0.8%	3.7%	2.9%	2.8%	2.3%
EBIT margin %	-4.6%	-9%	-9.1%	-0.4%	2.9%	2.2%	2.1%	1.3%
PAT margin %	-2.7%	-5.9%	-4.8%	9.6%	2.7%	1.8%	1.6%	1.1%
Working capital
Receivable days	—	—	158	17	28	37	38	41
Inventory days	—	—	29	76	64	45	48	53
Payable days	—	—	123	109	62	62	50	49
NWC days	—	—	65	-16	29	19	36	45
Leverage
Current ratio	—	—	0.62	0.83	0.98	1.07	0.92	1.09
Debt to EBITDA	—	—	—	5.25	1.71	2.54	3.24	7.48
Debt to equity	—	—	-6.35	0.75	0.98	1.01	1.12	2.1
Interest coverage	-7.2	-5.4	—	773	16.2	4.7	2.9	2.1
Asset turnover	—	—	0.58	2.35	2.83	3.04	2.74	2.58
Return ratios
Return on assets %	—	—	-2.8%	22.5%	7.7%	5.6%	4.4%	2.8%
Return on capital employed %	—	—	27.7%	232.1%	68.9%	42.8%	36%	23.6%
Return on equity %	—	—	23.2%	182.1%	42.4%	25.7%	19.6%	13.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Deepak Fertilizers And Petrochemicals Corporation LimitedDEEPAKFERTDEEPAKFERT	₹16,417 Cr	₹21,903 Cr	₹12,104 Cr	₹2,016 Cr	14.6%	₹984 Cr	6.4%	12.6%	11.3%	55
Tata Chemicals LimitedTATACHEMTATACHEM	₹15,487 Cr	₹23,488 Cr	₹15,120 Cr	₹1,711 Cr	12.4%	₹-2,165 Cr	-11.8%	2.9%	-8.9%	113
Gujarat Narmada Valley Fertilizers And Chemicals LimitedGNFCGNFC	₹8,655 Cr	₹8,655 Cr	₹8,410 Cr	₹1,241 Cr	11.3%	₹1,037 Cr	10.4%	10.6%	9.1%	81
TANFAC Industries LtdTANFACINDTANFACIND	₹6,909 Cr	₹7,002 Cr	₹711 Cr	₹112 Cr	15.8%	₹70 Cr	9.9%	27.7%	20.5%	112
Gujarat Alkalies And Chemicals LimitedGUJALKALIGUJALKALI	₹4,430 Cr	₹4,998 Cr	₹4,498 Cr	₹510 Cr	9.3%	₹66 Cr	-0.1%	1.6%	-0%	25
Grauer & Weil India LimitedGRAUWEILGRAUWEIL	₹3,709 Cr	₹3,717 Cr	₹1,134 Cr	₹188 Cr	16.6%	₹69 Cr	13.9%	23%	18%	72
Ghcl LimitedGHCLGHCL	₹3,700 Cr	₹3,762 Cr	₹3,064 Cr	₹689 Cr	22.5%	₹472 Cr	15.4%	17%	13.4%	126
J.g.chemicals LimitedJGCHEMJGCHEM	₹2,392 Cr	₹2,399 Cr	₹1,071 Cr	₹96 Cr	8.4%	₹75 Cr	7.1%	18.2%	13.3%	101
Thirumalai Chemicals LimitedTIRUMALCHMTIRUMALCHM	₹1,764 Cr	₹3,857 Cr	₹1,832 Cr	₹20 Cr	-2%	₹-152 Cr	-9.7%	-3.3%	-12.3%	14
Ig Petrochemicals LimitedIGPLIGPL	₹1,754 Cr	₹2,110 Cr	₹2,073 Cr	₹207 Cr	4.9%	₹82 Cr	0.1%	3.2%	0.2%	23
Indo Borax & Chemicals LimitedINDOBORAXINDOBORAX	₹1,507 Cr	₹1,507 Cr	₹232 Cr	₹52 Cr	20.5%	₹56 Cr	23.3%	15.5%	15.1%	110
Innovassynth Technologies (India) LtdINOVSYNTHINOVSYNTH	₹1,462 Cr	₹1,466 Cr	₹0 Cr	₹-0 Cr	—	₹-5 Cr	—	-1.1%	-12%	—

Sonal Adhesives Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

3

2

Announcements

1

3

2

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Sonal Adhesives Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Upcoming and recent1

Dividends3

Board meetings2

Announcements

Upcoming and recent1

Dividends3

Board meetings2

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

3

2

1

3

2