Sona Machinery Ltd
Incorporated in 2003, Sona Machinery
Ltd manufactures and sells agricultural manufacturing equipments, and production
of ethanol[1]
- Market Cap ₹ 67.8 Cr.
- Current Price ₹ 49.4
- High / Low ₹ 136 / 47.6
- Stock P/E 32.6
- Book Value ₹ 51.2
- Dividend Yield 0.00 %
- ROCE 7.70 %
- ROE 5.54 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.97 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.1.78 Cr.
- Debtor days have increased from 38.8 to 53.2 days.
- Working capital days have increased from 50.4 days to 125 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 6.01 | 44.32 | 80.84 | 95.30 | 94.92 | 98.50 | |
| 5.60 | 38.99 | 69.01 | 80.26 | 88.65 | 95.20 | |
| Operating Profit | 0.41 | 5.33 | 11.83 | 15.04 | 6.27 | 3.30 |
| OPM % | 6.82% | 12.03% | 14.63% | 15.78% | 6.61% | 3.35% |
| 0.02 | 0.01 | 0.10 | 0.43 | 1.05 | 1.78 | |
| Interest | -0.00 | 0.08 | 0.52 | 0.19 | 0.21 | 0.14 |
| Depreciation | 0.12 | 0.64 | 0.89 | 1.20 | 1.82 | 2.04 |
| Profit before tax | 0.31 | 4.62 | 10.52 | 14.08 | 5.29 | 2.90 |
| Tax % | 9.68% | 28.57% | 27.09% | 25.64% | 27.03% | |
| 0.28 | 3.30 | 7.68 | 10.47 | 3.85 | 2.08 | |
| EPS in Rs | 28.00 | 330.00 | 768.00 | 7.63 | 2.81 | 1.52 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| TTM: | -80% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -62% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 13.72 | 13.72 | 13.72 |
| Reserves | 0.28 | 3.58 | 11.21 | 51.72 | 55.57 | 56.48 |
| -0.00 | 2.37 | 2.52 | 0.96 | 2.42 | 0.99 | |
| 6.95 | 9.15 | 14.59 | 19.41 | 23.68 | 25.14 | |
| Total Liabilities | 7.33 | 15.20 | 28.42 | 85.81 | 95.39 | 96.33 |
| 2.63 | 2.70 | 4.17 | 6.52 | 29.25 | 28.75 | |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | 2.18 | 8.36 |
| Investments | -0.00 | 0.01 | 4.03 | 2.90 | -0.00 | -0.00 |
| 4.70 | 12.49 | 20.22 | 76.39 | 63.96 | 59.22 | |
| Total Assets | 7.33 | 15.20 | 28.42 | 85.81 | 95.39 | 96.33 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 3.22 | -0.60 | 11.89 | -0.40 | -18.68 | |
| -2.74 | -0.72 | -6.97 | -2.36 | -22.91 | |
| -0.00 | 2.29 | -0.35 | 41.97 | 1.32 | |
| Net Cash Flow | 0.48 | 0.97 | 4.57 | 39.21 | -40.27 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 69.23 | 36.24 | 26.82 | 36.50 | 53.22 |
| Inventory Days | 143.55 | 23.39 | 37.99 | 82.98 | 148.05 |
| Days Payable | 449.90 | 66.23 | 65.39 | 75.85 | 75.36 |
| Cash Conversion Cycle | -237.12 | -6.60 | -0.58 | 43.63 | 125.91 |
| Working Capital Days | -173.09 | -2.22 | -10.38 | 36.88 | 124.67 |
| ROCE % | 146.19% | 111.67% | 35.20% | 7.70% |
Documents
Announcements
-
Appointment
16 November 2025 - Appointment of Ms. Rojina Thapa as Independent Additional Director effective Nov 14, 2025, subject to shareholder approval.
-
Resignation
16 November 2025 - CFO Shweta Baisla resigned effective 14 November 2025; holds 302,996 shares (2.21%).
-
Appointment
16 November 2025 - Sanjiv Kumar appointed CFO and KMP of Sona Machinery effective 14 November 2025.
-
Statement of deviation(s) or variation(s) under Reg. 32
15 November 2025 - No deviation in utilization of INR 5,182.32 lakhs IPO proceeds; half year ended 30 Sep 2025.
-
Outcome of Board Meeting
15 November 2025 - Board approved H1 Sep-30-2025 results; CFO resigned effective 14-Nov-2025; Sanjiv Kumar appointed.
Business Overview:[1]
SML is an ISO 9001:2015 certified Original Equipment Manufacturer of equipments for Complete Rice Mill Project Setups and manufacturing equipments for cleaning, processing various Grains like Pulses, Wheat, Sesame, Millet, Corn, Seeds, etc.. It also caters to its customers engaged in Production of Ethanol (Grain Based Distilleries), by providing them Complete Project Set-ups in Unloading & Milling Sections.