Sona BLW Precision Forgings Ltd

Sona BLW Precis. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sona BLW Precision Forgings Ltd

₹ 632 -0.57%
13 Dec - close price
sonacomstar.com BSE: 543300 NSE: SONACOMS
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

Started as a Joint Venture[1] The company was incorporated as Sona Okegawa Precision Forgings Ltd as a JV with Mitsubishi Metal Corporation Ltd. The name was later changed to Sona BLW Precision Forgings and in 2016, the agreement with Mitsubishi metal was terminated. In FY19, company acquired Comstar entities, a leading designer and manufacturer of charging systems, which created Sona Comstar.

Website BSE NSE
  • Market Cap ₹ 39,262 Cr.
  • Current Price ₹ 632
  • High / Low ₹ 769 / 532
  • Stock P/E 71.7
  • Book Value ₹ 83.0
  • Dividend Yield 0.48 %
  • ROCE 23.8 %
  • ROE 20.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 36.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 35.0%

Cons

  • Stock is trading at 7.61 times its book value
  • Promoter holding has decreased over last quarter: -1.67%

* 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

Sector: Auto Ancillaries Industry: Auto Ancillaries

Part of Nifty LargeMidcap 250 BSE Allcap BSE 200 Nifty 500 BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
528 439 494 533 599 616 699 674 716 708 793 830 840
393 324 378 412 453 456 510 488 516 494 570 591 606
Operating Profit 135 116 116 122 147 160 189 186 201 215 223 240 234
OPM % 26% 26% 24% 23% 24% 26% 27% 28% 28% 30% 28% 29% 28%
0 5 48 6 7 13 35 4 24 -1 6 26 11
Interest 3 3 3 3 4 5 5 5 6 7 7 9 10
Depreciation 31 33 35 37 40 44 45 48 50 51 53 55 57
Profit before tax 101 85 126 88 110 123 174 136 168 155 169 202 178
Tax % 26% 10% 1% 25% 24% 23% 17% 26% 22% 22% 23% 23% 26%
75 76 124 66 83 96 144 102 130 122 131 155 132
EPS in Rs 1.29 1.30 2.13 1.12 1.42 1.63 2.45 1.74 2.23 2.08 2.23 2.64 2.13
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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 TTM
331 346 365 503 609 699 539 1,400 1,918 2,448 2,892 3,172
239 263 294 398 445 501 388 1,014 1,439 1,831 2,067 2,261
Operating Profit 92 82 72 105 164 198 151 387 479 617 825 911
OPM % 28% 24% 20% 21% 27% 28% 28% 28% 25% 25% 29% 29%
1 2 -38 2 7 3 0 23 84 61 33 43
Interest 29 22 18 19 18 16 23 32 17 16 25 33
Depreciation 12 19 17 17 22 29 34 86 130 167 203 217
Profit before tax 52 44 -2 71 131 156 94 291 417 495 629 704
Tax % 40% 34% 868% 36% 34% 35% 10% 26% 15% 22% 23%
31 29 -16 45 86 101 84 216 354 388 484 540
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 9.08
Dividend Payout % 0% 0% 0% 0% 0% 0% 238% 502% 25% 42% 37%
Compounded Sales Growth
10 Years: 24%
5 Years: 33%
3 Years: 27%
TTM: 17%
Compounded Profit Growth
10 Years: 32%
5 Years: 37%
3 Years: 29%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -7%
1 Year: 14%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 20%
Last Year: 20%

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 Sep 2024
Equity Capital 28 28 28 28 28 28 47 573 584 585 586 621
Reserves 156 183 167 212 298 399 1,084 788 1,389 1,664 1,988 4,534
159 156 149 158 161 145 330 443 147 291 388 155
81 61 73 91 127 167 105 318 386 435 623 624
Total Liabilities 423 428 416 489 614 738 1,566 2,122 2,506 2,976 3,585 5,934
125 125 124 105 165 275 364 1,085 1,261 1,473 1,597 1,646
CWIP 9 8 4 6 12 13 50 83 147 91 140 177
Investments 199 200 159 162 174 173 860 155 163 370 541 1,209
91 96 128 216 264 278 292 798 935 1,042 1,307 2,903
Total Assets 423 428 416 489 614 738 1,566 2,122 2,506 2,976 3,585 5,934

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
38 23 112 143 161 121 395 500 639
-12 -12 -98 -113 -886 -117 -318 -512 -453
-25 -10 -15 -31 760 -79 -62 20 -191
Net Cash Flow 1 1 -0 -2 34 -75 15 8 -4

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
Debtor Days 49 58 66 87 85 79 90 104 83 87 73
Inventory Days 100 77 94 107 149 121 147 169 131 90 92
Days Payable 132 93 122 142 193 123 131 128 81 77 80
Cash Conversion Cycle 16 42 38 52 41 77 106 145 133 100 86
Working Capital Days -11 13 -4 59 79 26 44 124 95 84 66
ROCE % 18% 16% 24% 34% 32% 12% 21% 21% 22% 24%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.18% 67.18% 67.18% 53.58% 53.53% 33.00% 29.76% 29.76% 29.71% 29.71% 29.71% 28.04%
9.77% 8.79% 8.80% 11.56% 11.27% 24.69% 31.68% 33.35% 32.88% 32.93% 32.03% 33.55%
15.97% 16.42% 16.12% 24.52% 24.37% 31.28% 28.20% 27.50% 27.90% 28.77% 29.50% 30.95%
7.08% 7.61% 7.90% 10.32% 10.83% 11.01% 10.35% 9.39% 9.51% 8.59% 8.75% 7.44%
No. of Shareholders 3,48,9473,95,3674,00,0044,67,1284,79,6514,82,5174,70,8184,43,1734,40,9284,12,7284,24,8963,99,335

* 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.

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