SONAM LIMITED

Manufactures and sells clocks — wall clocks, premium designer clocks, digital calendar clocks, night-glow models and decorative and modern lifestyle clocks — from a base in Morbi, Gujarat. Q1 FY27 revenue from operations was Rs. 6,656.96 lakhs, up 75.65% year-on-year, and management has guided to 25-30% growth for full-year FY27, with Q2 FY27 revenue expected at a minimum of Rs. 40-50 crores. Distribution is split between domestic channels — including a recently opened B2C presence on Flipkart and Amazon — and exports to 13 countries, with Iraq the single largest export market at 37.86% of international revenue. Production is currently running at 60-70% capacity utilization, which management says leaves headroom for growth without major capex, and growth is being funded entirely through internal accruals with no borrowings required. The product strategy emphasises premiumisation, with plans to launch clocks in the Rs. 5,000-10,000 price band by FY28, while a 12-month advance raw material purchase plan is used to smooth input price volatility.