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Sona BLW Precision Forgings Ltd

SONACOMS

Sona BLW Precision Forgings Ltd

SONACOMS
Consumer DiscretionaryAuto Parts
MidcapWith a market cap of ₹43,734 cr, stock is ranked 198
Moderate RiskStock is 2.65x as volatile as Nifty
704.000.09% (-0.65)
704.000.09% (-0.65)

Price Chart

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Consumer DiscretionaryAuto Parts
MidcapWith a market cap of ₹43,734 cr, stock is ranked 198
Moderate RiskStock is 2.65x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryAuto Parts
MidcapWith a market cap of ₹43,734 cr, stock is ranked 198
Moderate RiskStock is 2.65x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
77.1015.620.41%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.626.720.49%

Forecast & Ratings

Detailed Forecast 
86%
Analysts have suggested that investors can buy this stock

from 14 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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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Oct 23, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 32.84%, vs industry avg of 8.46%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.35% to 0.99%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 24.49%, vs industry avg of 10.9%

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Financial YearFY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue614.80775.781,275.821,568.642,163.942,687.193,208.733,520.40
Raw Materialssubtract175.94192.84442.42709.48989.201,179.551,405.832,509.48
Power & Fuel Costsubtract33.0039.3231.5739.0948.4365.2581.81
Employee Costsubtract41.7749.00102.73147.45168.88180.35250.13
Selling & Administrative Expensessubtract54.7643.1059.1766.4793.15136.59139.64
Operating & Other expensessubtract144.61174.98159.82176.70271.87421.41414.00
Depreciation/Amortizationsubtract23.3330.9667.1296.94141.97178.00220.23238.98
Interest & Other Itemssubtract19.0617.7625.9832.5218.2616.9325.8033.65
Taxes & Other Itemssubtract44.9254.8626.6784.8370.63113.81154.04171.04
EPS2.335.208.023.786.256.768.839.67
DPS0.000.003.5318.931.542.813.063.06
Payout ratio0.000.000.445.010.250.420.350.32

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 17PDF
May 5PDF
FY 2023

Annual report

PDF

Investor Presentation

May 16PDF
May 3PDF
Jan 24PDF
+3 more
FY 2024

Annual report

PDF

Investor Presentation

Jul 27PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 23PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryAuto Parts

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Sona BLW Precision Forgings Ltd84.5515.620.41%
Samvardhana Motherson International Ltd45.614.390.44%
Bosch Ltd41.588.591.07%
Schaeffler India Ltd60.5611.330.75%

Price Comparison

Compare SONACOMS with any stock or ETF
Compare SONACOMS with any stock or ETF
SONACOMS
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 1.66%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Decreased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has decreased by 1.18%

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 1.52%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding28.04%24.82%6.14%33.56%7.45%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep31.68%33.35%32.87%32.93%32.03%33.56%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Axis Midcap Fund - Growth - Direct Plan

Growth
1.7436%2.38%0.26%7/114 (+5)
SBI Blue Chip Fund - Growth - Direct Plan

Growth
1.5679%1.36%0.03%26/57 (0)
SBI Focused Equity Fund - Growth - Direct Plan

Growth
1.3356%1.67%1.67%25/34 (+1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Sona BLW Precision Forgings Ltd

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

SONACOMS has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

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

Final
Final | Div/Share: ₹1.53

Dividend/Share

₹1.53

Ex DateEx Date

Jun 14, 2024

Cash Dividend

Ex DateEx DateFeb 5, 2024

Interim
Interim | Div/Share: ₹1.53

Dividend/Share

₹1.53

Ex DateEx Date

Feb 5, 2024

Cash Dividend

Ex DateEx DateJun 30, 2023

Final
Final | Div/Share: ₹1.53

Dividend/Share

₹1.53

Ex DateEx Date

Jun 30, 2023

Cash Dividend

Ex DateEx DateFeb 6, 2023

Interim
Interim | Div/Share: ₹1.28

Dividend/Share

₹1.28

Ex DateEx Date

Feb 6, 2023

Cash Dividend

Ex DateEx DateJun 29, 2022

Final
Final | Div/Share: ₹0.77

Dividend/Share

₹0.77

Ex DateEx Date

Jun 29, 2022

News & Opinions
Spotlight
Sona Comstar surges on deal to acquire Escorts' Railway Equipment Division

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

2 weeks agoCapital Market - Live
Corporate
Sona BLW Precision Forgings to acquire Escorts Kubota's railway equipment division

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

2 weeks agoCapital Market - Live
Earnings
Sona BLW Precision Forgings consolidated net profit rises 16.23% in the September 2024 quarter

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

2 weeks agoCapital Market - Live
Corporate
Sona BLW Precision Forgings to hold board meeting

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

4 weeks agoCapital Market - Live
Corporate
Sona BLW Precision Forgings raises Rs 2,400 cr via QIP issue

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

1 month agoCapital Market - Live
Spotlight
Sona BLW Precision Forgings launches QIP at floor price of Rs 699.01 /sh

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

2 months agoCapital Market - Live

Sona BLW share price rises 4% post Q1FY25 earnings; check details

3 months agoBusiness Standard

Sona BLW Precision Forgings consolidated net profit rises 26.70% in the June 2024 quarter

3 months agoBusiness Standard
Earnings
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

3 months agoCapital Market - Live

Board of Sona BLW Precision Forgings approves investment of up to USD 10 million in its subsidiary

3 months agoBusiness Standard