Sona BLW Precision Forgings Ltd

Sona BLW Precision Forgings Ltd

₹ 521 0.40%
12 Jun 11:35 a.m.
About

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 such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction motors across all vehicle categories.
The company develops mechanical and electrical hardware systems, components as well as base and application software solutions.

Key Points

Product Offerings
The company is one of the world’s leading mobility technology companies, specializing in the design, manufacturing, and supply of highly engineered, mission-critical, high-quality, complex, and bespoke systems and components for global mobility OEMs for both electrified and non-electrified powertrain segments. [1] Its product portfolio includes precision forged bevel gears, differential assemblies, starter motors, traction motors, intermediate gears, etc. [2] It has a ** 8.1% and 4.2% global market share in the differential gears and starter motors business**, respectively, as of CY23. [3]

  • Market Cap 32,388 Cr.
  • Current Price 521
  • High / Low 769 / 380
  • Stock P/E 54.5
  • Book Value 86.8
  • Dividend Yield 0.62 %
  • ROCE 19.2 %
  • ROE 14.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 47.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 37.9%

Cons

  • Promoter holding has decreased over last 3 years: -39.2%
  • Working capital days have increased from 119 days to 206 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
494 533 599 616 699 674 716 708 793 830 840 786 770
378 412 453 456 510 488 516 494 570 591 606 570 555
Operating Profit 116 122 147 160 189 186 201 215 223 240 234 216 215
OPM % 24% 23% 24% 26% 27% 28% 28% 30% 28% 29% 28% 27% 28%
48 6 7 13 35 4 24 -1 6 26 11 39 51
Interest 3 3 4 5 5 5 6 7 7 9 10 5 4
Depreciation 35 37 40 44 45 48 50 51 53 55 57 61 60
Profit before tax 126 88 110 123 174 136 168 155 169 202 178 190 202
Tax % 1% 25% 24% 23% 17% 26% 22% 22% 23% 23% 26% 26% 25%
124 66 83 96 144 102 130 122 131 155 132 141 152
EPS in Rs 2.13 1.12 1.42 1.63 2.45 1.74 2.23 2.08 2.23 2.64 2.13 2.26 2.44
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
331 346 365 503 609 699 539 1,400 1,918 2,448 2,892 3,226
239 263 294 398 445 501 388 1,014 1,439 1,831 2,067 2,322
Operating Profit 92 82 72 105 164 198 151 387 479 617 825 904
OPM % 28% 24% 20% 21% 27% 28% 28% 28% 25% 25% 29% 28%
1 2 -38 2 7 3 0 23 84 61 33 128
Interest 29 22 18 19 18 16 23 32 17 16 25 28
Depreciation 12 19 17 17 22 29 34 86 130 167 203 233
Profit before tax 52 44 -2 71 131 156 94 291 417 495 629 772
Tax % 40% 34% 868% 36% 34% 35% 10% 26% 15% 22% 23% 25%
31 29 -16 45 86 101 84 216 354 388 484 580
EPS in Rs 11.22 10.42 -5.76 16.19 31.02 36.28 17.83 3.77 6.05 6.63 8.26 9.32
Dividend Payout % 0% 0% 0% 0% 0% 0% 238% 502% 25% 42% 37% 34%
Compounded Sales Growth
10 Years: 25%
5 Years: 43%
3 Years: 19%
TTM: 12%
Compounded Profit Growth
10 Years: 35%
5 Years: 48%
3 Years: 20%
TTM: 23%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -5%
1 Year: -22%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 17%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 28 28 28 28 28 28 47 573 584 585 586 622
Reserves 156 183 167 212 298 399 1,084 788 1,389 1,664 1,988 4,773
159 156 149 158 161 145 330 443 147 291 388 150
81 61 73 91 127 167 105 318 386 435 623 609
Total Liabilities 423 428 416 489 614 738 1,566 2,122 2,506 2,976 3,585 6,154
125 125 124 105 165 275 364 1,085 1,261 1,473 1,597 1,820
CWIP 9 8 4 6 12 13 50 83 147 91 140 107
Investments 199 200 159 162 174 173 860 155 163 370 541 1,343
91 96 128 216 264 278 292 798 935 1,042 1,307 2,884
Total Assets 423 428 416 489 614 738 1,566 2,122 2,506 2,976 3,585 6,154

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
38 23 112 143 161 121 395 500 639 733
-12 -12 -98 -113 -886 -117 -318 -512 -453 -1,737
-25 -10 -15 -31 760 -79 -62 20 -191 1,938
Net Cash Flow 1 1 -0 -2 34 -75 15 8 -4 934

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 49 58 66 87 85 79 90 104 83 87 73 71
Inventory Days 100 77 94 107 149 121 147 169 131 90 92 80
Days Payable 132 93 122 142 193 123 131 128 81 77 80 76
Cash Conversion Cycle 16 42 38 52 41 77 106 145 133 100 86 75
Working Capital Days -11 13 -4 59 79 26 44 124 95 84 66 206
ROCE % 18% 16% 24% 34% 32% 12% 21% 21% 22% 24% 19%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
67.18% 53.58% 53.53% 33.00% 29.76% 29.76% 29.71% 29.71% 29.71% 28.04% 28.03% 28.02%
8.80% 11.56% 11.27% 24.69% 31.68% 33.35% 32.88% 32.93% 32.03% 33.55% 33.25% 29.91%
16.12% 24.52% 24.37% 31.28% 28.20% 27.50% 27.90% 28.77% 29.50% 30.95% 31.15% 34.43%
7.90% 10.32% 10.83% 11.01% 10.35% 9.39% 9.51% 8.59% 8.75% 7.44% 7.57% 7.62%
No. of Shareholders 4,00,0044,67,1284,79,6514,82,5174,70,8184,43,1734,40,9284,12,7284,24,8963,99,3354,05,0934,08,859

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls