Sona BLW Precision Forgings Ltd
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.
- Market Cap ₹ 35,138 Cr.
- Current Price ₹ 565
- High / Low ₹ 616 / 402
- Stock P/E 51.3
- Book Value ₹ 93.9
- Dividend Yield 0.59 %
- ROCE 15.8 %
- ROE 12.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 24.8% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 34.7%
- Company's median sales growth is 24.3% of last 10 years
Cons
- Promoter holding has decreased over last 3 years: -4.98%
- Working capital days have increased from 106 days to 161 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 346 | 365 | 503 | 609 | 699 | 539 | 1,400 | 1,918 | 2,448 | 2,892 | 3,226 | 4,124 | |
| 263 | 294 | 398 | 445 | 501 | 388 | 1,014 | 1,439 | 1,831 | 2,067 | 2,322 | 3,083 | |
| Operating Profit | 82 | 72 | 105 | 164 | 198 | 151 | 387 | 479 | 617 | 825 | 904 | 1,041 |
| OPM % | 24% | 20% | 21% | 27% | 28% | 28% | 28% | 25% | 25% | 29% | 28% | 25% |
| 2 | -38 | 2 | 7 | 3 | 0 | 23 | 84 | 61 | 33 | 128 | 95 | |
| Interest | 22 | 18 | 19 | 18 | 16 | 23 | 32 | 17 | 16 | 25 | 28 | 19 |
| Depreciation | 19 | 17 | 17 | 22 | 29 | 34 | 86 | 130 | 167 | 203 | 233 | 260 |
| Profit before tax | 44 | -2 | 71 | 131 | 156 | 94 | 291 | 417 | 495 | 629 | 772 | 857 |
| Tax % | 34% | 868% | 36% | 34% | 35% | 10% | 26% | 15% | 22% | 23% | 25% | 25% |
| 29 | -16 | 45 | 86 | 101 | 84 | 216 | 354 | 388 | 484 | 580 | 646 | |
| EPS in Rs | 10.42 | -5.76 | 16.19 | 31.02 | 36.28 | 17.83 | 3.77 | 6.05 | 6.63 | 8.26 | 9.32 | 10.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 238% | 502% | 25% | 42% | 37% | 34% | 33% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 24% |
| 3 Years: | 19% |
| TTM: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 72% |
| 5 Years: | 25% |
| 3 Years: | 21% |
| TTM: | 21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 2% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | 14% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 28 | 28 | 47 | 573 | 584 | 585 | 586 | 622 | 622 |
| Reserves | 183 | 167 | 212 | 298 | 399 | 1,084 | 788 | 1,389 | 1,664 | 1,988 | 4,773 | 5,220 |
| 156 | 149 | 158 | 161 | 145 | 330 | 443 | 147 | 291 | 388 | 150 | 363 | |
| 61 | 73 | 91 | 127 | 167 | 105 | 318 | 386 | 435 | 623 | 609 | 772 | |
| Total Liabilities | 428 | 416 | 489 | 614 | 738 | 1,566 | 2,122 | 2,506 | 2,976 | 3,585 | 6,154 | 6,976 |
| 125 | 124 | 105 | 165 | 275 | 364 | 1,085 | 1,261 | 1,473 | 1,597 | 1,758 | 3,271 | |
| CWIP | 8 | 4 | 6 | 12 | 13 | 50 | 83 | 147 | 91 | 140 | 170 | 86 |
| Investments | 200 | 159 | 162 | 174 | 173 | 860 | 155 | 163 | 370 | 541 | 1,343 | 1,094 |
| 96 | 128 | 216 | 264 | 278 | 292 | 798 | 935 | 1,042 | 1,307 | 2,884 | 2,526 | |
| Total Assets | 428 | 416 | 489 | 614 | 738 | 1,566 | 2,122 | 2,506 | 2,976 | 3,585 | 6,154 | 6,976 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 38 | 23 | 112 | 143 | 161 | 121 | 395 | 500 | 639 | 733 | 615 | ||
| -12 | -12 | -98 | -113 | -886 | -117 | -318 | -512 | -453 | -1,737 | -1,541 | ||
| -25 | -10 | -15 | -31 | 759 | -79 | -62 | 20 | -191 | 1,938 | -3 | ||
| Net Cash Flow | 1 | 1 | -0 | -2 | 34 | -75 | 15 | 8 | -4 | 934 | -929 | |
| Free Cash Flow | 25 | 17 | 24 | 52 | -13 | -95 | 56 | 166 | 326 | 357 | 237 | |
| CFO/OP | 82% | 42% | 94% | 97% | 117% | 42% | 92% | 97% | 95% | 99% | 76% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 66 | 87 | 85 | 79 | 90 | 104 | 83 | 87 | 73 | 71 | 95 |
| Inventory Days | 77 | 94 | 107 | 149 | 121 | 147 | 169 | 131 | 90 | 92 | 80 | 103 |
| Days Payable | 93 | 122 | 142 | 193 | 123 | 131 | 128 | 81 | 77 | 80 | 76 | 78 |
| Cash Conversion Cycle | 42 | 38 | 52 | 41 | 77 | 106 | 145 | 133 | 100 | 86 | 75 | 121 |
| Working Capital Days | -31 | -52 | 31 | 79 | 6 | 3 | 77 | 88 | 58 | 39 | 117 | 161 |
| ROCE % | 18% | 16% | 24% | 34% | 32% | 12% | 21% | 21% | 22% | 24% | 18% | 16% |
Insights
In beta| Dec 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Global Market Share: Differential Gears % |
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| Global Market Share: Starter Motors % |
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| BEV Revenue Share in Automotive Revenue % |
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| Installed Capacity: Differential Gears (India) Million Units |
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| Number of Manufacturing Plants Number |
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| Net Order Book INR Billion |
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| Number of EV Programs Awarded Number |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6 May - Earning Call Transcript for Investor Call held for quarterly and financial year ended 31st March, 2026.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
5 May - Allotment of equity shares under the PSP 2025 of the Company.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1 May
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1 May - Audio/video recording shared for Q4 and FY26 investor call held April 30, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Apr - Q4 FY26 revenue rose 47% to Rs 1,272 crore; four new driveline orders added to order book.
Annual reports
Concalls
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May 2026Transcript PPT REC
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Mar 2026TranscriptAI SummaryPPT
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Oct 2025Transcript PPT REC
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Jul 2025TranscriptAI SummaryPPT
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Oct 2024Transcript PPT REC
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Sep 2024TranscriptAI SummaryPPT
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Apr 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT REC
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Feb 2022Transcript PPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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]