About
Sonal Adhesives Limited engages in the manufacturing of adhesive tapes, specialty adhesives, and emulsions in India. The company offers biaxially oriented polypropylene (BOPP) carton sealing tape with water-based acrylic adhesives, such as plain, printed, and colored tapes, as well as rolls. It also provides specialty adhesives and emulsions, including paint emulsions, textile binders for printing and flocking applications, adhesives for BOPP tapes, stickers and lamination, woodworking adhesives, and emulsions for construction chemicals. The company markets and sells its products under the SONAL and ADICRYL brand names. It exports its products to Spain, Nigeria, Germany, Africa, and the Middle East. The company was incorporated in 1991 and is based in Khopoli, India.
Key Metrics
as of Sep 2026Market Cap26 Cr
P/E19.60
Div Yield0.00 %
Book Value₹17.10
52w High₹54.90
52w Low₹30.40
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 27.52 | 34.23 | 29.02 | 34.91 | 28.29 | 31.81 | 26.39 | 27.24 | 24.88 | 26.68 | 25.44 | 27.28 | 21.26 |
| Expenses | 26.67 | 33.46 | 28.36 | 34.34 | 27.37 | 30.86 | 25.89 | 26.45 | 23.99 | 25.68 | 24.84 | 26.72 | 20.55 |
| Operating Profit | 0.85 | 0.77 | 0.66 | 0.57 | 0.92 | 0.95 | 0.50 | 0.79 | 0.89 | 1.00 | 0.60 | 0.56 | 0.71 |
| OPM % | 3.09 | 2.25 | 2.27 | 1.63 | 3.25 | 2.99 | 1.89 | 2.90 | 3.58 | 3.75 | 2.36 | 2.05 | 3.34 |
| Other Income | 0.10 | 0.47 | 0.32 | 0.66 | 0.21 | 0.56 | 0.33 | 0.21 | 0.24 | 0.21 | 0.29 | 0.35 | 0.14 |
| Depreciation | 0.34 | 0.33 | 0.33 | 0.32 | 0.31 | 0.16 | 0.20 | 0.20 | 0.17 | 0.20 | 0.18 | 0.16 | 0.16 |
| Interest | 0.36 | 0.47 | 0.38 | 0.52 | 0.25 | 0.78 | 0.22 | 0.20 | 0.10 | 0.64 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 0.25 | 0.44 | 0.27 | 0.39 | 0.57 | 0.57 | 0.41 | 0.60 | 0.86 | 0.37 | 0.70 | 0.74 | 0.68 |
| Tax % | 12.00 | -15.91 | 44.44 | 33.33 | 21.05 | 31.58 | 24.39 | 26.67 | 24.42 | 27.03 | 74.29 | 5.41 | -2.94 |
| Net Profit | 0.23 | 0.51 | 0.15 | 0.27 | 0.45 | 0.39 | 0.30 | 0.44 | 0.64 | 0.27 | 0.18 | 0.70 | 0.70 |
| EPS in Rs | 0.38 | 0.84 | 0.25 | 0.45 | 0.74 | 0.64 | 0.49 | 0.73 | 1.06 | 0.45 | 0.30 | 1.15 | 1.15 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 126.00 | 110.00 | 101.00 | 83.00 | 59.00 | 17.00 | 32.00 | 37.00 | 44.00 | 27.00 | 24.00 | 43.00 |
| Expenses | 123.00 | 107.00 | 98.00 | 80.00 | 58.00 | 18.00 | 34.00 | 38.00 | 47.00 | 31.00 | 28.00 | 40.00 |
| Operating Profit | 3.00 | 3.00 | 3.00 | 3.00 | 0.00 | -1.00 | -2.00 | -1.00 | -3.00 | -4.00 | -3.00 | 3.00 |
| OPM % | 2.30 | 2.80 | 2.90 | 3.70 | 0.80 | -5.00 | -7.00 | -2.60 | -7.00 | -14.00 | -14.00 | 7.00 |
| Other Income | 2.00 | 1.00 | 1.00 | 1.00 | 8.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 |
| Interest | 2.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 2.00 | 2.00 | 2.00 | 3.00 | 8.00 | -1.00 | -3.00 | -1.00 | -3.00 | -4.00 | -4.00 | 1.00 |
| Tax % | 17.00 | 27.00 | 26.00 | 25.00 | 27.00 | -13.00 | -26.00 | -26.00 | 9.00 | -29.00 | -29.00 | 16.00 |
| Net Profit | 1.00 | 2.00 | 2.00 | 2.00 | 6.00 | -1.00 | -2.00 | -1.00 | -4.00 | -3.00 | -3.00 | 0.00 |
| EPS in Rs | 2.26 | 2.90 | 3.05 | 3.75 | 9.26 | -1.35 | -3.10 | -1.68 | -6.24 | -5.13 | -4.34 | 0.76 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Reserves | 4.00 | 3.00 | 1.00 | -1.00 | -3.00 | -10.00 | -9.00 | -7.00 | -6.00 | -2.00 | 1.00 | 4.00 |
| Borrowings | 22.00 | 11.00 | 7.00 | 5.00 | 2.00 | 22.00 | 26.00 | 24.00 | 20.00 | 21.00 | 20.00 | 25.00 |
| Other Liabilities | 17.00 | 21.00 | 19.00 | 19.00 | 20.00 | 11.00 | 7.00 | 8.00 | 7.00 | 9.00 | 9.00 | 11.00 |
| Total Liabilities | 49.00 | 41.00 | 33.00 | 29.00 | 25.00 | 29.00 | 30.00 | 32.00 | 28.00 | 33.00 | 36.00 | 46.00 |
| Fixed Assets | 13.00 | 13.00 | 5.00 | 4.00 | 4.00 | 4.00 | 5.00 | 5.00 | 6.00 | 6.00 | 7.00 | 7.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 36.00 | 29.00 | 28.00 | 26.00 | 21.00 | 25.00 | 25.00 | 26.00 | 22.00 | 27.00 | 30.00 | 38.00 |
| Total Assets | 49.00 | 41.00 | 33.00 | 29.00 | 25.00 | 29.00 | 30.00 | 32.00 | 28.00 | 33.00 | 36.00 | 46.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -7.00 | 7.00 | -1.00 | -1.00 | 19.00 | 4.00 | -1.00 | -4.00 | 1.00 | 0.00 | 2.00 | -6.00 |
| Cash from Investing Activity | -2.00 | -9.00 | -1.00 | -2.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activity | 9.00 | 2.00 | 1.00 | 3.00 | -20.00 | -4.00 | 2.00 | 4.00 | 0.00 | 0.00 | -4.00 | 7.00 |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.00 | 0.00 |
| Free Cash Flow | -9.00 | -2.00 | -1.00 | -1.00 | 18.00 | 4.00 | -2.00 | -4.00 | 0.00 | 0.00 | 2.00 | -6.00 |
| CFO/OP % | -224.00 | 245.00 | -17.00 | -35.00 | 4,264.00 | -427.00 | 62.00 | 391.00 | -21.00 | -9.00 | -62.00 | -195.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 41.00 | 38.00 | 37.00 | 28.00 | 17.00 | 158.00 | 97.00 | 96.00 | 75.00 | 182.00 | 265.00 | 166.00 |
| Inventory Days | 56.00 | 50.00 | 48.00 | 68.00 | 80.00 | 32.00 | 17.00 | 32.00 | 38.00 | 40.00 | 83.00 | 118.00 |
| Days Payable | 52.00 | 52.00 | 66.00 | 67.00 | 115.00 | 132.00 | 69.00 | 76.00 | 60.00 | 103.00 | 106.00 | 78.00 |
| Cash Conversion Cycle | 45.00 | 36.00 | 18.00 | 29.00 | -18.00 | 58.00 | 45.00 | 52.00 | 53.00 | 118.00 | 242.00 | 206.00 |
| Working Capital Days | 4.00 | -11.00 | 5.00 | -6.00 | -23.00 | -286.00 | -146.00 | -130.00 | -104.00 | -150.00 | -48.00 | 2.00 |
| ROCE % | 13.00 | 21.00 | 25.00 | 40.00 | 64.00 | -4.00 | -9.00 | -6.00 | -16.00 | -17.00 | -12.00 | 12.00 |
Corporate Actions
3 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 13 Sep 2012 | — | — | 0.50 | |
| Dividend | 15 Sep 2011 | — | — | 0.50 | |
| Dividend | 16 Sep 2010 | — | — | 0.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update27 Jul 2016 from icra
-
Rating update27 Apr 2015 from crisil