Sona BLW Precision Forgings Ltd

Sona BLW Precision Forgings Ltd

₹ 481 -2.18%
30 Apr - close price
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 29,914 Cr.
  • Current Price 481
  • High / Low 769 / 380
  • Stock P/E 48.7
  • Book Value 88.4
  • Dividend Yield 0.64 %
  • ROCE 18.7 %
  • ROE 15.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 32.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 36.5%

Cons

  • Promoter holding has decreased over last 3 years: -39.2%
  • Working capital days have increased from 122 days to 204 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

Consolidated Figures in Rs. Crores / View Standalone

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
548 584 653 675 743 731 787 782 884 891 922 868 865
415 447 492 499 543 529 567 549 637 642 670 634 633
Operating Profit 133 138 161 176 200 203 220 233 247 249 252 234 231
OPM % 24% 24% 25% 26% 27% 28% 28% 30% 28% 28% 27% 27% 27%
16 6 7 13 3 3 4 -0 9 9 13 41 53
Interest 3 3 4 5 5 5 6 7 7 9 11 6 5
Depreciation 37 40 43 47 48 51 53 56 60 61 63 67 65
Profit before tax 109 101 121 137 150 150 164 169 189 189 192 203 215
Tax % 4% 25% 24% 22% 20% 25% 24% 21% 21% 25% 25% 26% 24%
105 76 93 107 120 112 124 134 148 142 144 151 164
EPS in Rs 1.79 1.30 1.58 1.83 2.05 1.91 2.12 2.26 2.54 2.42 2.32 2.43 2.64
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
612 699 1,038 1,566 2,131 2,676 3,185 3,546
450 499 795 1,125 1,571 1,980 2,282 2,579
Operating Profit 162 200 243 441 560 696 902 967
OPM % 26% 29% 23% 28% 26% 26% 28% 27%
3 76 237 -12 32 8 15 116
Interest 19 18 26 33 18 17 26 30
Depreciation 23 31 67 97 142 178 220 254
Profit before tax 122 228 387 300 432 509 671 798
Tax % 37% 24% 7% 28% 16% 22% 23% 25%
78 173 360 215 362 395 518 600
EPS in Rs 27.93 62.40 76.42 3.76 6.19 6.75 8.82 9.67
Dividend Payout % 0% 0% 55% 504% 25% 42% 35% 33%
Compounded Sales Growth
10 Years: %
5 Years: 28%
3 Years: 19%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 33%
3 Years: 20%
TTM: 19%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -9%
1 Year: -23%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 18%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 28 28 47 573 584 585 586 622
Reserves -28 146 1,131 803 1,416 1,705 2,064 4,873
614 163 366 447 151 295 412 202
869 1,295 307 375 444 474 802 840
Total Liabilities 1,484 1,633 1,851 2,198 2,596 3,060 3,865 6,537
793 291 1,065 1,217 1,384 1,588 1,951 2,438
CWIP 18 13 90 83 147 91 364 108
Investments 1 0 2 0 7 233 42 864
672 1,328 694 898 1,058 1,149 1,509 3,126
Total Assets 1,484 1,633 1,851 2,198 2,596 3,060 3,865 6,537

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
149 155 253 143 445 533 693 775
-138 204 -954 -156 -352 -562 -471 -1,765
-13 -346 767 -67 -64 19 -175 1,944
Net Cash Flow -2 13 66 -80 29 -10 47 953

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 168 79 82 97 76 83 74 73
Inventory Days 619 121 161 173 140 97 92 82
Days Payable 719 123 95 127 85 74 79 77
Cash Conversion Cycle 68 77 148 143 132 105 87 78
Working Capital Days 49 -13 80 122 93 86 75 204
ROCE % 51% 19% 21% 22% 22% 24% 19%

Shareholding Pattern

Numbers in percentages

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.

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Documents

Concalls