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Sonal Mercantile Limited (SONAL)

Small Cap

Financial Services stocks · Small cap · NSE

Sonal Mercantile Limited operates in Finance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹82.66
+1.64 · +2.02%
Market cap ₹129 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:50 pm IST
Details
Quote19 Oct, 05:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result12 Aug, 09:09 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens

Trend score and candlestick chart

41Neutral

SMA20 -5.2% / mo · MACD −

Stock trend: 39
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%

Latest mapped FPI equity flow was not positive. View sector evidence

Technical chart

SONALD candles · FIT view-17.2%
Latest close ₹82.66 on 2026-10-19

Daily history is available from 2026-04-21; the requested 1Y window is partially covered.

Bar
-3.9%
RSI
47
MACD hist
-0.46
52W pos
30%
Visible chart range
Candle interval
2026-10-19O ₹86.00H ₹89.12L ₹81.05C ₹82.66Vol 1,200 sh
₹71.78₹80.41₹89.05₹97.69₹106.3252H52L₹82.662026-032026-06VolRSIMACD2026-042026-062026-082026-092026-10
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

SONALNifty Financial ServicesNifty 500
-22%-12%-3%+6%22 Jul2 Sept19 Oct19 Oct 2026SONAL -9.5%Nifty Financial Servi… -4.6%Nifty 500 -4.7%
SONAL
-9.5%
Nifty 500
-4.7%
Nifty Financial Services
-4.6%
Vs Nifty 500
-4.7 pp
Chart stats
19 Oct 2026
From 52W high
-21.1%
₹104.8
52W range position
30%
₹73.4 - ₹104.8
ATR (14)
6.3%
₹5.2
Volume vs 20D
4.61x
Latest completed session
Avg traded value
₹0 Cr
20-session average
20D price channel
₹73.4 - ₹92
73.7% annualized volatility
Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.

Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · WATCHLIST
43

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Bad
0

Revenue -44.3% · PAT -68.7% YoY

Technical
Neutral
41

Price trend and sector-relative-strength timing.

Valuation
Legacy model
+80.0%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
49

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Bad · 0/100

Rev -44% YoY · PAT -69% YoY

Filed 12 Aug 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹5.2 Cr-44.3%-61.1%
EBITDANDFNDFNDF
Operating marginNDFNDFNDF
PAT₹2.6 Cr-68.7%-62.5%
PAT margin50.8%-3959 bps-181 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
6.49
P/B
0.33
EV/EBITDA
—
Market Cap
129.00Cr

Profitability

ROE
6.91%
ROCE
6.09%
ROA
2.87%
Dividend Y
—

Growth (CAGR)

Revenue 5Y
17.00%
EPS 5Y
13.00%
Revenue 3Y
16.00%
EPS 3Y
13.00%

Balance Sheet

Debt/Equity
0.76
Interest Coverage
—
Altman Z
1.20
Book Value
262.00

Cash Flow

FCF Yield
—
FCF Positive Y
1/5
OCF
17.00 Cr
EPS TTM
13.49

Shareholding

Promoter Hold
24.92%
Promoter Pledge
0.00%
Momentum 52W
13%

Financial History

Updated 19/10/2026

Revenue

₹ Cr
Latest: 5.2-61.1% vs prev
013.4Sep 2023: 10.1Dec 2023: 9.4Mar 2024: 10.3Jun 2024: 9.4Sep 2024: 9.1Dec 2024: 8.2Mar 2025: 8.6Jun 2025: 9.3Sep 2025: 9.8Dec 2025: 8.3Mar 2026: 13.4Jun 2026: 5.2Q2 23Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26

Net Profit

₹ Cr
Latest: 2.6-62.4% vs prev
09.4Sep 2023: 5.2Dec 2023: 6.6Mar 2024: 7.3Jun 2024: 7.7Sep 2024: 7.8Dec 2024: 7.4Mar 2025: 9.4Jun 2025: 8.4Sep 2025: 7.6Dec 2025: 2.6Mar 2026: 7.0Jun 2026: 2.6Q2 23Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26
ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Neutral

Trend is undirectional — long-term trend unclear. RSI 47.

  • SMA20 falling (~5.5% over last month) — short-term momentum negative.
  • RSI(14) at 47 — sideways, no extreme reading.
  • MACD below signal but histogram contracting — bearish momentum easing.
  • 21% off 52W high · 13% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

-
RS percentile
Insufficient history
1M return
-8.2%
3M return
-11.2%
6M return
-
1Y return
-
RS 1D
-
RS 20D
-
Sector rank
#10
Industry rank
#47
Stage evidence
  • At least 170 daily sessions are required for the trend-stage read.
50-DMA
price below
200-DMA
unavailable
Sector
weakening
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
91 observations
19 Oct 2026Value 86.59+3.08%
75839110010821 Apr19 Jun18 Aug19 Oct87
RS vs Nifty 50087

Valuation & peers

U-Score 43 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies

43U-SCORE
Deep Value

Fundamental score breakdown

U band · WATCHLIST
Valuation30/30
Growth14/25
Quality0/20
Balance Sheet2/15
Cash Flow1/10
Piotroski
5/9 (+3)
Penalties
-7
Raw sum
43

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

43/100 · legacy band WATCHLIST

Positive drivers

  • Fair-value margin of safety is positive at 80.0%.
  • Valuation contributes 30/30 to the score.
  • Growth contributes 14/25 to the score.

Main drags

  • Altman Z is 1.2, in distress territory.
  • Penalty bucket subtracts 7 points.
  • Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model

NBFC valuation: P/B, ROA, borrowing cost, and asset quality

Lenders can look optically cheap before credit losses emerge, so valuation is tied to book quality.

NBFC P/B
Primary lens
P/B adjusted for ROA/ROE and leverage quality.
Secondary checks
AUM growth, spreads, credit cost, liquidity and ALM risk.
Main risk check
Fast growth with weak asset quality deserves a discount.
PE
6.5
PB
0.3
EV/EBITDA
—
ROE
6.9%
ROCE
6.1%
FCF Yield
—
Debt/Equity
0.8
MoS
+80.0%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
43
Previous: 43
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+80.0%
Previous: +80.0%

Score history

12 stored score snapshots. Latest stored move: +0 points.

20 Oct 2026
v4.3-runtime-valuation
43
43
43
43
43
43
43
43
43
43
43
43

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹282
+70.7% MoS
Growth-justified P/E
30.6
Growth-justified Value
₹412.79
+80.0% MoS
PEG
0.50

Comparable companies

Peers

Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
RSDFIN
Small
RSD Finance Limited
NBFC / Capital Markets / Insurance
match 159
50
9.9
6.0%
+72%
FAIR VALUE
MAHAPEXLTD
Small
Maha Rashtra Apex Corporation Limited
NBFC / Capital Markets / Insurance
match 157
16
52.1
0.4%
-3024%
OVERVALUED
TFL
Small
Transwarranty Finance Limited
NBFC / Capital Markets / Insurance
match 152
8
—
-9.3%
—
OVERVALUED
TRU
Small
TruCap Finance Limited
NBFC / Capital Markets / Insurance
match 151
11
—
-101.0%
—
OVERVALUED
SAHLIBHFI
Small
Shalibhadra Finance Limited
NBFC / Capital Markets / Insurance
match 151
51
12.0
11.9%
+54%
FAIR VALUE

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

Sonal Mercantile Limited operates in Finance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score
49Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 6th percentile of the scored universe and 9th percentile within Financial Services. Main check: results consistency is weak at 39/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026
management-trust-v1
2 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
6th percentile

overall median 67 · Financial Services: 9th pctile, median 62 · Small: 7th pctile, median 66

Evidence depth
Financial-only

2 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
66
acceptable · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
47
watch · leverage and solvency
Discipline
48
watch · capital discipline
Results
39
weak · quarterly consistency

Trust positives

  • ▸Promoter pledge is zero.
  • ▸3/4 latest quarters had positive YoY revenue growth.

Trust risks

  • ▸Altman Z is 1.21.
  • ▸3 latest quarters had PAT decline worse than 25% YoY.
  • ▸Promoter holding is only 24.9%.
  • ▸Only 1 years of positive FCF.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

7 shown
Annual reportSep 2026

Sep 2026 · Disclosure Under Regulations 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (The 'Listing Regulations') - Letter To The Members 3 Sep - 41st AGM on 30 September 2026 via VC/OAVM; annual report FY2025-26 dispatched and KYC reminder issued.

Source: Bse

Open source ↗
AnnouncementSep 2026

Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep - Enclosed Notice of 41st AGM of the company scheduled to be held on wednesday 30th september, 2026 at 11.00 am through VC/OAVM

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - Enclosed newspaper publication for the unaudited financial results for the quarter ended 30.06.2026.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jun - Enclosed Newspaper publication of Audited standalone and consolidated Financial results for financial year ended 31.03.2026

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.