Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Sonu Infratech Ltd. (SONUINFRA)
SME CapIT stocks · SME cap · NSE
Incorporated in 2017, Sonu Infratech Ltd. (transformed from Sonu Enterprises, 2001) provides civil construction, building development, mechanical scaffolding, plant maintenance, and repairs. Recognized as a Class 'B' Contractor, it executes projects for MES and is registered with MP PWD, holding a bid capacity of ₹25 crore.
₹41.05
+0.20 · +0.49%
Market cap ₹48.9 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 May, 04:18 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
67BullishSMA20 +3.2% / mo · MACD − · near 52W low · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 46
Sector RS: 100
Sector 3M: +8.9% vs Nifty 500 -5.6%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SONUINFRAD candles · FIT view-27.0%Latest close ₹41.05 on 2026-10-19
Bar
+0.0%
RSI
46
MACD hist
-0.41
52W pos
11%
2026-10-19O ₹41.05H ₹41.05L ₹41.05C ₹41.05Vol 1,500 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
SONUINFRANifty ITNifty 500
- SONUINFRA
- -4.0%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- +1.6 pp
Chart stats
19 Oct 2026- From 52W high
- -64.9%
- 52W range position
- 9%
- ATR (14)
- 4.8%
- Volume vs 20D
- 0.08x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹38.7 - ₹51.9
₹117
₹33.3 - ₹117
₹2
Latest completed session
20-session average
58.4% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend supports entry, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED72
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -0.9% · PAT -12.6% YoY
Technical
Bullish67
Price trend and sector-relative-strength timing.
Valuation
Legacy model+88.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence65
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 -1% YoY · PAT -13% YoY · margin compression · +183% QoQ
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹90.1 Cr | -0.9% | +182.5% |
| EBITDA | ₹8.8 Cr | NDF | +23.1% |
| Operating margin | 9.8% | NDF | -1264 bps |
| PAT | ₹4.6 Cr | -12.6% | +54.5% |
| PAT margin | 5.1% | NDF | -422 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 3.76
- P/B
- 0.61
- EV/EBITDA
- 2.71
- Market Cap
- 48.90Cr
Profitability
- ROE
- 18.50%
- ROCE
- 19.10%
- ROA
- 7.78%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 14.12%
- EPS 5Y
- 18.18%
- Revenue 3Y
- -8.00%
- EPS 3Y
- -8.00%
Balance Sheet
- Debt/Equity
- 0.57
- Interest Coverage
- 4.83×
- Altman Z
- 2.83
- Book Value
- 68.70
Cash Flow
- FCF Yield
- 14.31%
- FCF Positive Y
- 1/5
- OCF
- 13.00 Cr
- EPS TTM
- 11.08
Shareholding
- Promoter Hold
- 53.26%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 194+14.1% vs prev
Net Profit
₹ CrLatest: 13.0+18.2% vs prev
Return on Equity
%Latest: 16.1-13.9% vs prev
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 46. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 rising (~3.1% over last month) — short-term momentum positive.
- RSI(14) at 46 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 62% off 52W high · 23% 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
12
RS percentile
Stage 4 Downtrend
1M return
-17.9%
3M return
-5.4%
6M return
+1.4%
1Y return
-62.9%
RS 1D
0
RS 20D
+5
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 13.1% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -7.7%.
50-DMA
price below
200-DMA
price below
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
228 observations
19 Oct 2026Value 40.87+1.54%
RS vs Nifty 50041
Valuation & peers
U-Score 72 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 72 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · UNDERVALUEDValuation30/30
Growth20/25
Quality11/20
Balance Sheet8/15
Cash Flow5/10
Piotroski
8/9 (+5)
Penalties
-7
Raw sum
72
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
72/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 14.3%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 88.5%.
Main drags
- Penalty bucket subtracts 7 points.
- Cash flow is weaker at 5/10; verify the latest quarterly trend.
- Balance sheet is weaker at 8/15; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
3.8
PB
0.6
EV/EBITDA
2.7
ROE
18.5%
ROCE
19.1%
FCF Yield
14.3%
Debt/Equity
0.6
MoS
+88.5%
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
72
Previous: 72
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+88.5%
Previous: +88.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
72
72
72
72
72
72
72
72
72
72
72
72
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
₹130.87
+68.6% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹355.67
+88.5% MoS
PEG
0.21
Comparable companies
Peers
Business-comparable peers in IT — 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
SUNTECH
SME
Suntech Infra Solutions Ltd.
IT Services / Digital
match 155
66
5.0
18.8%
+83%
UNDERVALUED
SYNOPTICS
SME
Synoptics Technologies Ltd.
IT Services / Digital
match 129
53
10.5
5.7%
+70%
FAIR VALUE
KDL
SME
Kore Digital Ltd.
IT Services / Digital
match 128
82
1.0
28.6%
+97%
DEEP VALUE
SLONE
SME
Slone Infosystems Ltd.
IT Services / Digital
match 127
76
7.7
20.8%
+77%
DEEP VALUE
SATECH
SME
S A Tech Software India Ltd.
IT Services / Digital
match 127
13
22.9
5.0%
-6618%
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 intactReviewed 2026-10-01T01:16:06.839Z
Management commentary snapshot
Sonu Infratech reported robust H1 FY26 performance with 59% YoY revenue growth to ₹71.94 crore, 71% YoY EBITDA growth to ₹13.28 crore, and 68% YoY PAT growth to ₹5.46 crore. EBITDA margin expanded by 131 Bps to 18.73%.
The company delivered strong H1 FY26 results with significant revenue and profit growth, alongside margin expansion. Management expects continued growth driven by a strong order book and focus on high-value projects, despite comparability issues due to an acquisition impacting prior period standalone figures.
Growth engines
Strong Project Portfolio
Ongoing ₹157 crore NHAI project and pursuing new projects including a ₹310 crore JV and a ₹151 crore project in Madhya Pradesh.
Focus on High-Value Infrastructure Projects
Company expects to improve margins through cost optimization and shift towards high-value infrastructure projects.
Diversification into Government Projects
Continue to diversify our business by bidding and winning Government projects and other Projects.
India Infrastructure Growth
Well-positioned to capitalize on India’s infrastructure growth and deliver sustained value.
Capacity and execution
Acquisition
Acquired Arpit Techno Infra Pvt. Ltd. in 2025, impacting current period consolidated results.
Road Construction Entry
Entered road construction and secured a ₹141.30 Cr project in MP in 2024.
Owned Equipment Fleet
Building our own execution capabilities with an owned fleet of construction equipment.
Tailwinds
India's Infrastructure Boom
India’s road construction market projected to reach USD 341.3 billion by 2033 from USD 142.4 billion in 2024.
Government Capital Outlay
₹11.21 lakh crore allocated for infrastructure in Union Budget 2025–26, with interest-free loans to states.
PM Gati Shakti
Integrated planning across 44 ministries and 36 states/UTs for faster project execution and logistics efficiency.
Risk radar
Forward-Looking Statement Risks
Statements are subject to significant risks and uncertainties, and actual results may differ materially due to economic conditions, industry trends, execution, technological developments, regulatory changes, and other business risks.
Revenue Variability
Forward-looking statements are subject to risks including revenue variability.
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 company explicitly states YoY growth for H1 FY26 results. Current period consolidated results reflect an acquisition completed in the last 12 months, while corresponding period figures are standalone, making YoY the stated comparison.
Sector KPIs management disclosed
Revenue from Operations
H1 FY26 revenue increased 59% YoY to ₹71.94 crore.
EBITDA Margin
EBITDA margin expanded by 131 Bps to 18.73% in H1 FY26.
PAT Growth
PAT for H1 FY26 stood at ₹5.46 crore, a 68% YoY growth.
Current Order Book
Current Order Book as of 30th Sept 2025 is ₹261 crore.
Management forward view
CAGR Target
Company expects to achieve a 30–35% CAGR over the next three years.
Margin Improvement
Expects to improve margins through cost optimization and shift towards high-value infrastructure projects.
Enhance Execution Capabilities
Continue to enhance our project execution capabilities.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue CAGR | 59% YoY in H1 FY26 | Achievement of 30-35% CAGR over the next three years. |
| EBITDA Margin | 18.73% in H1 FY26 | Further improvement in margins through cost optimization and high-value projects. |
| Order Book Growth | ₹261 crore as of 30th Sept 2025 | Securing new government and high-value infrastructure projects. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
65Limited 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 45th percentile of the scored universe and 40th percentile within IT. Main check: results consistency is weak at 55/100.
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
45th percentile
overall median 67 · IT: 40th pctile, median 69 · SME: 56th 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
Acceptable, but check the weakest sub-score before increasing exposure.
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
70
acceptable · holding, pledge, alignment
Cash flow
65
acceptable · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
55
watch · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 13.4%.
Trust risks
- ▸Promoter holding fell 1.7%.
- ▸Only 1 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Sonu Infratech Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportMar 2026
Sep 2026 · Updates 3 Sep - 9th AGM on September 25, 2026; annual report link shared and e-voting dates announced.
Source: Nse
Investor presentationNov 2025
Nov 2025 · PPT
Source: Nse
Investor presentationNov 2025
Nov 2025 · PPT
Source: Nse
Investor presentationJun 2025
Jun 2025 · PPT
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.