Investor presentationMay 2026
May 2026 · PPT
Source: Nse
Sona Machinery Ltd. (SONAMAC)
SME CapIndustrials stocks · SME cap · NSE
Sona Machinery Ltd. is an integrated agri-processing solutions provider with 30+ years of experience, catering to Rice Processing Mills, Grain-Based Distilleries & Services. It operates two ISO-certified manufacturing units in Ghaziabad, Uttar Pradesh, and has a global presence with 10,000+ customers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals05 Oct 2026 · screener
Latest result01 Jun, 08:02 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
34Bearishfull bear SMA stack · SMA20 -7.1% / mo · MACD + · near 52W low
Stock trend: 26
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SONAMACD candles · FIT view-29.6%Latest close ₹31.15 on 2026-10-19
Bar
+2.5%
RSI
47
MACD hist
0.14
52W pos
8%
2026-10-19O ₹30.40H ₹31.95L ₹30.40C ₹31.15Vol 14,000 sh
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
SONAMACNifty India ManufacturingNifty 500
- SONAMAC
- -8.2%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -6.3%
- Vs Nifty 500
- -2.6 pp
Chart stats
19 Oct 2026- From 52W high
- -64.6%
- 52W range position
- 7%
- ATR (14)
- 4.6%
- Volume vs 20D
- 2.52x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹28.9 - ₹34
₹88
₹27.1 - ₹88
₹1.4
Latest completed session
20-session average
50.8% 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
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED23
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -27.6% · PAT -157.9% YoY
Technical
Bearish34
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence58
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Bad · 0/100Rev -28% YoY · PAT -158% YoY · margin compression
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹41.1 Cr | -27.6% | -5.3% |
| EBITDA | ₹-4.8 Cr | NDF | -469.0% |
| Operating margin | -11.6% | NDF | -1455 bps |
| PAT | ₹-4.4 Cr | -157.9% | -585.6% |
| PAT margin | -10.6% | NDF | -1270 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 0.62
- EV/EBITDA
- —
- Market Cap
- 41.00Cr
Profitability
- ROE
- -5.12%
- ROCE
- -5.90%
- ROA
- -3.88%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 70.00%
- EPS 5Y
- 12.00%
- Revenue 3Y
- 1.00%
- EPS 3Y
- 6.00%
Balance Sheet
- Debt/Equity
- 0.11
- Interest Coverage
- -12.39×
- Altman Z
- 2.96
- Book Value
- 48.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- 7.33 Cr
- EPS TTM
- -2.52
Shareholding
- Promoter Hold
- 73.59%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 4%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 41.1-5.3% vs prev
Net Profit
₹ CrLatest: -4.4-585.6% vs prev
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
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 47. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~7.7% over last month) — short-term momentum negative.
- RSI(14) at 47 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 59% off 52W high · 15% 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
9
RS percentile
Stage 4 Downtrend
1M return
-11.6%
3M return
+0.8%
6M return
-27.3%
1Y return
-58.4%
RS 1D
-1
RS 20D
-5
Sector rank
#2
Industry rank
#22
Stage evidence
- Price is 10.7% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.7%.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
251 observations
19 Oct 2026Value 41.79-1.49%
RS vs Nifty 50042
Valuation & peers
U-Score 23 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 23 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation5/30
Growth11/25
Quality0/20
Balance Sheet9/15
Cash Flow2/10
Piotroski
5/9 (+3)
Penalties
-7
Raw sum
23
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
23/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 9/15 to the score.
- Growth contributes 11/25 to the score.
- Cash flow contributes 2/10 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 5/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
—
PB
0.6
EV/EBITDA
—
ROE
-5.1%
ROCE
-5.9%
FCF Yield
—
Debt/Equity
0.1
MoS
—
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: 21 Oct 2026
v4.3-runtime-valuation
Final score
23
Previous: 23
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
23
23
23
23
23
23
23
23
23
23
23
23
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
—
Growth-justified P/E
45.0
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Industrials — 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.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
DEEM
SME
Deem Roll Tech Ltd.
Industrial Machinery
match 58
56
5.4
7.6%
+86%
FAIR VALUE
TROM
SME
Trom Industries Ltd.
Industrial Machinery
match 56
67
7.3
13.8%
+80%
UNDERVALUED
BEWLTD
SME
BEW Engineering Ltd.
Industrial Machinery
match 55
45
16.9
2.7%
+46%
WATCHLIST
PRESSTONIC
SME
Presstonic Engineering Ltd.
Industrial Machinery
match 54
38
25.8
6.5%
+41%
WATCHLIST
AHLADA
Small
Ahlada Engineers Limited
Industrial Machinery
match 54
23
—
0.1%
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-10-01T01:15:38.399Z
Management commentary snapshot
FY26 revenue declined 10.96% YoY to Rs 84.51 Cr, with the company reporting an EBITDA loss of Rs 3.46 Cr (vs. Rs 6.27 Cr profit in FY25) and a PAT loss of Rs 3.46 Cr. H2 FY26 saw further deterioration with an operating loss, impacted by deferred rice orders and lower-margin ethanol projects.
The company faced significant operational and external headwinds in FY26, leading to a revenue decline and an operating loss. Management attributes this to deferred rice orders, lower-margin ethanol projects to establish market presence, cost overruns, and longer execution cycles in the new vertical. The H2 performance was particularly weak.
Growth engines
Electrical Automation Solutions
Entered electrical automation segment, now ~20% of ethanol project order value, aiming to reduce costs and improve execution.
Parboiling & Drying Machines
Introduced new machines to offer comprehensive end-to-end solutions for the rice processing industry.
Expanded Rice Mill Product Range
Expanding from current capacity of 10 TPH to complete solutions for 16 TPH rice mills.
Multi-Grain & Commodity Processing
Diversifying into coffee, barley, cumin seeds, fenugreek seeds, coriander, and other agri-commodities.
Capacity and execution
New Manufacturing Unit
A new 90,000+ sq. ft. manufacturing facility in Ghaziabad, Uttar Pradesh, to increase production and support larger turnkey projects.
Tailwinds
Government Ethanol Blending Targets
India achieved E20 in 2025, with government evaluating E27/E30 by 2030, requiring further grain-based distillery capex.
Global Grain Processing Market Growth
Projected to grow from USD 5.8 Bn (2025) to USD 8.4 Bn (2030) at 5-7% CAGR, driven by population growth and automation.
Robust Rice Market Expansion
Valued at USD 350.10 Bn in 2025, projected to surge to USD 505.32 Bn by 2031 (6.30% CAGR).
Headwinds
Subdued Industrial Environment
Management cited a subdued industrial environment as an impact factor on performance.
Excess Capacity in Ethanol Industry
Excess capacity in the ethanol industry impacted performance during FY26.
Middle East Conflict Impact
The Middle East conflict impacted the rice industry during the final quarter of FY26, leading to order deferrals.
Challenges in New Ethanol Vertical
Initial challenges included lower margins, cost overruns, and longer execution cycles in ethanol projects.
Risk radar
Execution Challenges in New Verticals
New business verticals, like ethanol projects, faced cost overruns and longer execution cycles, impacting profitability.
Geopolitical Events
The Middle East conflict led to deferral of ₹20 crore rice orders, highlighting vulnerability to global events.
SME-level Governance Maturity
The company's governance maturity is assessed as SME-level, which may imply certain operational or oversight risks.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The presentation focuses on full-year FY26 vs FY25 results and H2 FY26 vs H2 FY25, indicating annual performance is key. However, H2 FY26 vs H1 FY26 also shows sequential deterioration, highlighting immediate challenges.
Sector KPIs management disclosed
Revenue from Operations
FY26: Rs 84.51 Cr (down 10.96% YoY). H2 FY26: Rs 41.11 Cr (vs H2 FY25: Rs 55.09 Cr and H1 FY26: Rs 43.41 Cr).
EBITDA
FY26: (Rs 3.46 Cr) vs FY25: Rs 6.27 Cr. H2 FY26: (Rs 4.75 Cr) vs H2 FY25: Rs 2.01 Cr and H1 FY26: Rs 1.29 Cr.
Gross Profit %
FY26: 40.66% vs FY25: 41.07%. H2 FY26: 39.11% vs H2 FY25: 38.78% and H1 FY26: 42.14%.
Capital Work-in-Progress
As on 31st Mar’26: Rs 9.98 Cr vs 31st Mar’25: Rs 2.18 Cr, indicating increased capex.
Management forward view
FY27 Turnover Target
Targeting a turnover of ₹110–120 crore for FY27.
FY27 EBITDA Margin Target
Aiming to achieve an EBITDA margin in the early double digits for FY27.
Optimism for Future Growth
Management believes the most difficult phase is now behind them and remains optimistic about future growth prospects.
Focus on Stabilization and Profitability
Committed towards stabilising operations, regaining growth momentum, and improving profitability.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| FY27 Turnover | FY26: Rs 84.51 Cr | Achievement of ₹110–120 crore target. |
| EBITDA Margin | FY26: -4.10% | Improvement to early double digits in FY27. |
| Ethanol Project Execution | Lower margins, cost overruns, longer cycles. | Improved profitability and execution efficiency in the new vertical. |
| Order Book Conversion | ₹20 Cr rice orders deferred in FY26. | Timely execution of deferred orders and new inflows. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
58Limited 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 22nd percentile of the scored universe and 18th percentile within Industrials. Main check: financial discipline is weak at 30/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
3 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
22nd percentile
overall median 67 · Industrials: 18th pctile, median 68 · SME: 24th pctile, median 64
Evidence depth
Financial-only
3 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 confidenceWhat 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
86
strong · holding, pledge, alignment
Cash flow
55
watch · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
30
weak · capital discipline
Results
31
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 73.6%.
- ▸Promoter pledge is zero.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at -5.9%.
- ▸ROE is low at -5.1%.
- ▸ROCE trend is -57.4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Sona Machinery Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
Investor presentationDec 2024
Dec 2024 · PPT
Source: Nse
Investor presentationDec 2024
Dec 2024 · PPT
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.