BSE: 543924
Sonalis Consumer Products Limi
Operates in the packaged foods and FMCG space, with revenue and profit both growing sharply in FY26. The current business is trading-led — purchases of stock-in-trade were the main driver of total expenses in H1 FY26. A pending acquisition of Holkar Somnath Milk & Agro Products would add dairy processing capacity along with curd, lassi, paneer, ghee, cattle feed and packaged drinking water. Management is pursuing a roll-up strategy targeting 5-6 acquisitions of around ₹20-25 crore turnover businesses across Ayurvedic cosmetics, solar and IT/AI segments. A wholly-owned UAE subsidiary has been set up in Ajman for retail and wholesale trading of foodstuffs, grains, oils, sugar, snack foods, beverages, used auto spare parts, IT consulting and software development. Capital projects underway include a Rajkot warehouse project (with ₹20 crore+ of government subsidies) and a cold-storage facility near Dapoli positioned to supply mango pulp to a nearby Coca-Cola plant. Fresh equity via warrants is also being raised, with promoters subscribing around 35 lakh of the ~80 lakh warrants, lifting promoter holding from 35% to ~40%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Packaged Foods / FMCG trading, Dairy and agro products, UAE wholesale and retail trading. Multi-category FMCG/packaged foods company with a trading-led current model and an aggressive roll-up acquisition strategy.
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 7 | 4 | 107 | 150 |
| EBITDA (ex other income) | — | — | — | 11 |
| margin % | — | — | — | 7.1 |
| Owners' profit | — | — | — | 9 |
| EPS, as reported (₹) | 0.03 | 0.11 | 13.26 | 18.25 |
| ROE % · ROCE % | — · 1.0 | — · 0.4 | — · 40.2 | 26.4 · 31.5 |
| Debt / equity (x) | — | — | — | 0.08 |
| Cash from operations | (4) | (3) | (1) | (10) |
| Capex | — | — | 0 | (2) |
Exhibit 2: Quarterly performance, last 7 quarters
| ₹ crore | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 3 | 1 | 0 | 61 | 88 | 62 |
| Profit before tax | 0 | 0 | (0) | 0 | 3 | 3 | 6 |
| Net profit | — | — | — | 0 | — | 2 | 6 |
| EPS (₹) | 0.00 | 1.12 | (1.44) | 0.00 | 12.36 | 4.97 | 12.78 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NESTLE INDIA LIMITED | 2,25,418 | 59.2 | 43.71 | 41.0 | 67.9 | 54.7 | — | 24.4 |
| BRITANNIA INDUSTRIES LTD | 1,10,429 | 42.4 | 21.50 | 29.6 | 49.4 | 59.8 | 7.8 | 18.0 |
| ZYDUS WELLNESS LIMITED | 14,793 | 78.6 | 2.54 | 37.6 | 3.4 | 2.4 | 16.2 | 17.1 |
| BIKAJI FOODS INTERN LTD | 11,603 | 44.9 | 6.80 | 25.7 | 14.9 | 18.3 | — | 15.3 |
| BOMBAY BURMAH TRADING COR | 8,286 | 6.4 | 0.86 | 2.4 | 26.0 | 33.5 | 7.8 | 17.7 |
| MRS BECTORS FOOD SPE LTD | 5,577 | 18.9 | 4.39 | 19.6 | 11.1 | 13.1 | 18.3 | 14.7 |
| GOPAL SNACKS LIMITED | 3,057 | 36.4 | 6.38 | — | 15.4 | 19.4 | — | 7.6 |
| ADF FOODS LIMITED | 2,635 | 28.6 | 4.61 | 17.9 | 15.7 | 18.8 | 13.1 | 18.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 1.2 | 29.5 | 2 of 38 | 97% |
| P/B | 0.5 | 2.6 | 5 of 34 | 88% |
| ROCE | 30.2 | 7.4 | 4 of 40 | 92% |
| ROE | 26.4 | 7.7 | 4 of 34 | 91% |
| Debt / Equity | 0.1 | 0.1 | 14 of 33 | 59% |
| EBITDA margin | 11.3 | 9.9 | 14 of 33 | 59% |
| Revenue growth | 9722.6 | 14.1 | 1 of 36 | 100% |
| Market cap | 17 | 96 | 37 of 43 | 14% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Board meeting postponed to October 31, 2026 | results | low | — | — |
| 24 Oct 2026 · Board to approve half-year results on October 28, 2026 | results | low | — | — |
| 19 Oct 2026 · RTA certificate under Reg 74(5) for quarter ended Sep 2026 - NIL demat activity | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closure from Oct 1 ahead of H2 FY26 results | compliance | minimal | — | — |
| 28 Sept 2026 · We have attached herewith voting results with scrutinizers report of 04th Annual General Meeting of Sonalis Consumer Products Limited. Kindly Take the same on your record. Thank you. | compliance | minimal | — | — |
| 28 Sept 2026 · 04th AGM held on Sept 28, 2026; all 3 resolutions passed | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Notice of 4th AGM on September 28, 2026 - Sonalis Consumer Products | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Annual Report FY2025-26 filed along with 4th AGM notice | results | medium | — | — |
| 3 Sept 2026 · AGM notice for Sept 28, 2026 - auditor reappointment on agenda | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board outcome: 4th AGM on Sep 28, auditor reappointed for 5 years | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.