Share the post "Sonal Mercantile Shareholding pattern FY(Q2-Sep 2024-2025)"
Sonal Mercantile has released its latest shareholding reports, covering the Second quarter and the fiscal year ending on (Q2-Sep 2024-2025).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 0.37 | 0.37 | 24.92 | 24.92 | 0 |
| Public | 1.11 | 1.11 | 75.08 | 75.08 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 |
| Government | 0 | 0 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 24.92% in both June 2024 and September 2024. This indicates that the promoters’ control over the company did not change during this period. Public shareholding remained consistent, holding steady at 75.08% in both June 2024 and September 2024. This indicates that the Public control over the company did not change during this period.
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 0.044 | 0.040 | 2.97 | 2.71 | -0.26 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 0.374 | 0.377 | 25.4 | 25.6 | + 0.2 % |
| NARESH PODDAR | 0.044 | 0.072 | 2.99 | 4.85 | + 1.86 % |
| Non Resident Indians (NRIs) | 0.001 | 0.000 | 0.03 | 0.01 | -0.02 % |
| Bodies Corporate | 0.291 | 0.293 | 19.73 | 19.88 | + 0.15 % |
| Any Other (specify) | 0.033 | 0.032 | 2.21 | 2.15 | -0.06 % |
| RADHA DEVI PODDAR | 0.028 | 0 | 1.87 | 0 | -1.87% |
Observations show a significant difference of -0.26 % in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s financial performance between quarters.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs has significantly boosted stakeholding by an impressive 0.2 %.Leading the way to higher stakeholding, NARESH PODDAR has significantly boosted stakeholding by an impressive 1.86 %.Observations show a significant difference of -0.02 % in Non Resident Indians (NRIs)’s financial performance between quarters.Leading the way to higher stakeholding, Bodies Corporate has significantly boosted stakeholding by an impressive 0.15 %.Observations show a significant difference of -0.06 % in Any Other (specify)’s financial performance between quarters.RADHA DEVI PODDAR had 1.87% of shares in the previous quarter but exited in the current quarter.
36
3-Year Profit
76
5-Year Profit
89
10-Year Profit
120
Current Price
177
Market Cap
Upon examining the financial data for BSE code 538943, it becomes clear that the company achieved a notable five-year profit of 76 percents, which impressively increased to 36 percents in the three-year window. This upward trajectory, however, has been overshadowed by the latest trailing twelve-month (TTM) figures, which indicate a concerning loss of 30 percents. This financial loss is further compounded by the fact that the company has not recorded any sales across any of the timeframes under consideration. Such an unusual situation might suggest that the company operates under an unconventional business model, which could potentially carry higher risks. In terms of stock performance, the company’s stock price has seen a decline, falling from 25 percents over the five-year period to just 29 percents in the last year. The ten-year average stock price, which sits at 0 percents, highlights long-term volatility, casting doubt on the company's ability to sustain its market position over time. This warrants further investigation into the factors driving these fluctuations.
The company has a market capitalization of ₹177 crore and is currently trading at ₹120 per share. Historically, the stock has fluctuated within a range of ₹198 / 80.6, reflecting both the opportunities and risks that investors perceive in the company. The P/E ratio, at 6.57, is relatively high, suggesting that the market has priced in substantial future growth or is willing to pay a premium for the company’s current earnings. The book value per share stands at ₹213, which reflects the net asset value of the company divided by the number of outstanding shares. The dividend yield is 0.00%, providing shareholders with a consistent return on their investment. ROCE is 6.50%, indicating how well the company is using its capital to generate profits, while ROE at 8.02% highlights the returns generated from shareholders' equity. The debt-to-equity ratio is 0.93, signaling low financial leverage, which is typically seen as a positive indicator of financial health. However, the company’s negative net cash flow of ₹0.03 crore might raise concerns about its cash generation capabilities or capital expenditures. With a Piotroski score of 7.00, the company's financial stability is evaluated on several factors. Finally, the Graham Number, at ₹296, provides an estimate of the stock’s intrinsic value, while the Price-to-Book (P/B) ratio of 0.56 highlights that the stock is trading at a premium to its book value, potentially reflecting positive market sentiment or overvaluation risks.
