Sona BLW Precision Forgings Ltd
SONACOMSSona BLW Precision Forgings Ltd
SONACOMSPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
77.10 | 15.62 | 0.41% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
38.62 | 6.72 | 0.49% |
Forecast & Ratings
Detailed Forecast from 14 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Sona BLW Precision Forgings is an India-based automotive technology company. The Company is engaged in designing, manufacturing and supplying engineered automotive systems and components.
Investor Presentation
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Compare with peersÂSamvardhana Motherson International Ltd
Bosch Ltd
Schaeffler India Ltd
UNO Minda Ltd
Endurance Technologies Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 614.80 | 775.78 | 1,275.82 | 1,568.64 | 2,163.94 | 2,687.19 | 3,208.73 | 3,520.40 | ||||||||
Raw Materials | 175.94 | 192.84 | 442.42 | 709.48 | 989.20 | 1,179.55 | 1,405.83 | 2,509.48 | ||||||||
Power & Fuel Cost | 33.00 | 39.32 | 31.57 | 39.09 | 48.43 | 65.25 | 81.81 | |||||||||
Employee Cost | 41.77 | 49.00 | 102.73 | 147.45 | 168.88 | 180.35 | 250.13 | |||||||||
Selling & Administrative Expenses | 54.76 | 43.10 | 59.17 | 66.47 | 93.15 | 136.59 | 139.64 | |||||||||
Operating & Other expenses | 144.61 | 174.98 | 159.82 | 176.70 | 271.87 | 421.41 | 414.00 | |||||||||
EBITDA | 164.72 | 276.54 | 480.11 | 429.45 | 592.41 | 704.04 | 917.32 | 1,010.92 | ||||||||
Depreciation/Amortization | 23.33 | 30.96 | 67.12 | 96.94 | 141.97 | 178.00 | 220.23 | 238.98 | ||||||||
PBIT | 141.39 | 245.58 | 412.99 | 332.51 | 450.44 | 526.04 | 697.09 | 771.94 | ||||||||
Interest & Other Items | 19.06 | 17.76 | 25.98 | 32.52 | 18.26 | 16.93 | 25.80 | 33.65 | ||||||||
PBT | 122.33 | 227.82 | 387.01 | 299.99 | 432.18 | 509.11 | 671.29 | 738.29 | ||||||||
Taxes & Other Items | 44.92 | 54.86 | 26.67 | 84.83 | 70.63 | 113.81 | 154.04 | 171.04 | ||||||||
Net Income | 77.41 | 172.96 | 360.34 | 215.16 | 361.55 | 395.30 | 517.25 | 567.25 | ||||||||
EPS | 2.33 | 5.20 | 8.02 | 3.78 | 6.25 | 6.76 | 8.83 | 9.67 | ||||||||
DPS | 0.00 | 0.00 | 3.53 | 18.93 | 1.54 | 2.81 | 3.06 | 3.06 | ||||||||
Payout ratio | 0.00 | 0.00 | 0.44 | 5.01 | 0.25 | 0.42 | 0.35 | 0.32 |
Company Updates
Peers & Comparison
Consumer DiscretionaryAuto Parts
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Sona BLW Precision Forgings Ltd | 84.55 | 15.62 | 0.41% |
Samvardhana Motherson International Ltd | 45.61 | 4.39 | 0.44% |
Bosch Ltd | 41.58 | 8.59 | 1.07% |
Schaeffler India Ltd | 60.56 | 11.33 | 0.75% |
Price Comparison
Compare SONACOMS with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 1.66%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 1.18%
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.52%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.68%
Top 5 Mutual Funds holding Sona BLW Precision Forgings Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Axis Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.7436% | Percentage of the fund’s portfolio invested in the stock 2.38% | Change in the portfolio weight of the stock over the last 3 months 0.26% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 7/114 (+5) |
SBI Blue Chip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.5679% | Percentage of the fund’s portfolio invested in the stock 1.36% | Change in the portfolio weight of the stock over the last 3 months 0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 26/57 (0) |
SBI Focused Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.3356% | Percentage of the fund’s portfolio invested in the stock 1.67% | Change in the portfolio weight of the stock over the last 3 months 1.67% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 25/34 (+1) |
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Events
Dividend Trend
No Trend In Dividends
SONACOMS has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.41%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.10 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 14, 2024
Dividend/Share
₹1.53
Ex DateEx Date
Jun 14, 2024
Cash Dividend
Ex DateEx DateFeb 5, 2024
Dividend/Share
₹1.53
Ex DateEx Date
Feb 5, 2024
Cash Dividend
Ex DateEx DateJun 30, 2023
Dividend/Share
₹1.53
Ex DateEx Date
Jun 30, 2023
Cash Dividend
Ex DateEx DateFeb 6, 2023
Dividend/Share
₹1.28
Ex DateEx Date
Feb 6, 2023
Cash Dividend
Ex DateEx DateJun 29, 2022
Dividend/Share
₹0.77
Ex DateEx Date
Jun 29, 2022
Sona Comstar will acquire RED from EKL, as going concern, on slump sale basis, for an enterprise value of Rs 1,600 crore, subject to the terms of the agreement. RED is a leading supplier of critical components for railways, such as brakes and suspension systems for various rolling stocks. RED reported revenue of approximately Rs 950 crore and approximately EBIT of Rs 179 crore in FY24. The proposed acquisition of RED is expected to be earnings accretive for Sona Comstar right from the first year and offers significant growth opportunities. The Indian Railways market presents a compelling opportunity, driven by several long-term growth factors and significant entry barriers. India's extensive railway network, rapid urbanisation, and increasing investment in rail infrastructure are likely to drive demand for technologically advanced and engineered components. Aligned with our strategic goal of promoting clean mobility, railways stand out as the most environmentally friendly mode of motorised transport. Increasing railways' share in passenger and goods transportation is crucial for India to meet its net-zero emissions commitment. With the proposed acquisition of RED, Sona Comstar not only enters the railway component market but also contributes to greener mobility solutions,' Sona BLW Precision said in a statement. Vivek Vikram Singh, MD & group CEO of Sona Comstar, stated: 'The proposed acquisition of Railway Equipment Division aligns with our vision statement as we expand into the broader mobility sector. Once completed, the 'Railway Equipment Division' acquisition will enhance our clean mobility product offerings by adding a market-leading railway components business. The railway industry presents long-term growth opportunities, and with the 'Railway Equipment Division' business, we see significant potential to broaden our product range by incorporating advanced technology and engineered products.' The company also announced its earnings for the quarter ended on 30 September 2024. Sona BLW Precision Forgings has reported 16% rise in net profit to Rs 143.9 crore on a 17% growth in revenue to Rs 925.1 crore. Revenue from battery electric vehicles (BEV) was Rs 317.2 crore (up 53% YoY), accounting for 36% of the company's revenue. EBITDA improved by 14% YoY to Rs 254.9 crore, with an EBITDA margin of 27.6%. EV programs contribute 78% to the net order book of Rs 23,100 crores as of 30 September 2024. In September 2024, the company completed its Rs 2,400 crore qualified institutions placement (QIP). Sona Comstar issued 34,782,608 equity shares to qualified institutional buyers (QIBs) at an issue price of Rs 690 per equity share, including a premium of Rs 680 per equity share. The proceeds from the QIP will further bolster the company's capital structure to support its organic and inorganic growth strategies. Sona BLW Precision Forgings is one of the world's leading automotive technology companies. The company has emerged as a global supplier with nine manufacturing and assembly facilities across India, USA, Mexico and China. It is primarily engaged in designing, manufacturing and supplying highly engineered, mission-critical automotive systems and components to automotive OEMs. Powered by Capital Market - Live
Sona BLW Precision Forgings has entered into an agreement (Agreement) with Escorts Kubota (EKL) to acquire the Railway Equipment Division of EKL (RED), as going concern, on slump sale basis, for an enterprise value of Rs 1,600 crore. RED is a leading supplier of critical components for Railways, such as brakes and suspension systems for various rolling stocks. RED reported revenue of approx. Rs 950 crore and approx. EBIT of Rs 179 crore in FY24. The proposed acquisition of RED is expected to be earnings accretive for Sona BLW Precision Forgings right from the first year and offers significant growth opportunities. Commenting on the proposed acquisition of RED, Vivek Vikram Singh, MD & Group CEO of Sona BLW Precision Forgings, said: We are delighted to step into railways components sector with the signing of the agreement to acquire Railway Equipment Division of EKL. The proposed acquisition of Railway Equipment Division aligns with our vision statement as we expand into the broader mobility sector. Once completed, the 'Railway Equipment Division' acquisition will enhance our clean mobility product offerings by adding a market-leading railway components business. The railway industry presents long-term growth opportunities, and with the 'Railway Equipment Division' business, we see significant potential to broaden our product range by incorporating advanced technology and engineered products.Powered by Capital Market - Live
Net profit of Sona BLW Precision Forgings rose 16.23% to Rs 143.95 crore in the quarter ended September 2024 as against Rs 123.85 crore during the previous quarter ended September 2023. Sales rose 17.11% to Rs 922.19 crore in the quarter ended September 2024 as against Rs 787.47 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales922.19787.47 17 OPM %27.3327.94 - PBDT265.38223.42 19 PBT202.79170.01 19 NP143.95123.85 16 Powered by Capital Market - Live
Sona BLW Precision Forgings will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live
Sona BLW Precision Forgings has completed its Rs 2,400 crore Qualified Institutions Placement. The issue garnered strong interest from institutional investors and sovereign wealth funds, resulting in over 5.5 times subscriptions, underscoring investors' confidence in the Company's strategic vision and growth strategies. The QIP opened on 4 September 2024 and closed on 9 September 2024. Sona Comstar issued 34,782,608 equity shares to qualified institutional buyers (QIBs) at an issue price of Rs 690 per equity share, including a premium of Rs 680 per equity share. Some of the largest investment managers, such as SBI Mutual Fund, ICICI Prudential Mutual Fund, White Oak, Goldman Sachs Asset Management, Axis Mutual Fund, Aditya Birla Mutual Fund, Norges, BNP Paribas Fund, Fidelity International, Franklin Templeton and Fidelity Management & Research, amongst others, participated in the QIP, a positive reflection on the company's long-term growth prospects. The proceeds from the QIP will further bolster the company's capital structure to support its organic and inorganic growth strategies.Powered by Capital Market - Live
The company's board authorized and declared the opening of the issue on Wednesday, 4 September 2024. The floor price of Rs 699.01 is at a discount of 3.22% to the previous day's closing price of Rs 722.30 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined by the company in consultation with the book running lead manager appointed for the Issue. Sona BLW Precision Forgings is one of the world's leading automotive technology companies. The company has emerged as a global supplier with nine manufacturing and assembly facilities across India, USA, Mexico and China. It is primarily engaged in designing, manufacturing and supplying highly engineered, mission-critical automotive systems and components to automotive OEMs. The company's consolidated net profit increased 26.7% to Rs 141.95 on 21.8% rise in revenue from operations to Rs 891.18 crore in Q1 FY25 over Q1 FY24. The scrip rose 0.30% to currently trade at Rs 724.45 on the BSE. Powered by Capital Market - Live
Sona BLW share price rises 4% post Q1FY25 earnings; check details
Sona BLW Precision Forgings consolidated net profit rises 26.70% in the June 2024 quarter
Net profit of Sona BLW Precision Forgings rose 26.70% to Rs 141.95 crore in the quarter ended June 2024 as against Rs 112.04 crore during the previous quarter ended June 2023. Sales rose 21.85% to Rs 891.18 crore in the quarter ended June 2024 as against Rs 731.38 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales891.18731.38 22 OPM %27.9827.70 - PBDT249.50203.40 23 PBT188.88152.35 24 NP141.95112.04 27 Powered by Capital Market - Live
Board of Sona BLW Precision Forgings approves investment of up to USD 10 million in its subsidiary
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 32.84%, vs industry avg of 8.46%
Increasing Market Share
Over the last 5 years, market share increased from 0.35% to 0.99%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 24.49%, vs industry avg of 10.9%