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 ₹ 29,728 Cr.
- Current Price ₹ 478
- High / Low ₹ 721 / 380
- Stock P/E 47.4
- Book Value ₹ 88.4
- Dividend Yield 0.66 %
- ROCE 17.8 %
- ROE 14.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 31.5% 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: -25.6%
- Working capital days have increased from 76.5 days to 118 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
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 612 | 699 | 1,038 | 1,566 | 2,131 | 2,676 | 3,185 | 3,546 | 3,725 | |
| 450 | 499 | 795 | 1,125 | 1,571 | 1,980 | 2,282 | 2,579 | 2,770 | |
| Operating Profit | 162 | 200 | 243 | 441 | 560 | 696 | 902 | 967 | 955 | 
| OPM % | 26% | 29% | 23% | 28% | 26% | 26% | 28% | 27% | 26% | 
| 3 | 76 | 237 | -12 | 32 | 8 | 15 | 116 | 147 | |
| Interest | 19 | 18 | 26 | 33 | 18 | 17 | 26 | 30 | 21 | 
| Depreciation | 23 | 31 | 67 | 97 | 142 | 178 | 220 | 254 | 270 | 
| Profit before tax | 122 | 228 | 387 | 300 | 432 | 509 | 671 | 798 | 810 | 
| Tax % | 37% | 24% | 7% | 28% | 16% | 22% | 23% | 25% | |
| 78 | 173 | 360 | 215 | 362 | 395 | 518 | 600 | 607 | |
| EPS in Rs | 27.93 | 62.40 | 76.42 | 3.76 | 6.19 | 6.75 | 8.82 | 9.67 | 9.86 | 
| Dividend Payout % | 0% | 0% | 55% | 504% | 25% | 42% | 35% | 33% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 28% | 
| 3 Years: | 19% | 
| TTM: | 7% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 31% | 
| 3 Years: | 19% | 
| TTM: | 9% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 1% | 
| 1 Year: | -30% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 18% | 
| 3 Years: | 17% | 
| Last Year: | 14% | 
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 | 2,127 | |
| CWIP | 18 | 13 | 90 | 83 | 147 | 91 | 364 | 419 | 
| 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 | -1,762 | |
| -13 | -346 | 767 | -67 | -64 | 19 | -175 | 1,944 | |
| Net Cash Flow | -2 | 13 | 66 | -80 | 29 | -10 | 47 | 957 | 
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 | 8 | -35 | 48 | 79 | 87 | 62 | 50 | 118 | 
| ROCE % | 51% | 19% | 21% | 22% | 22% | 24% | 18% | 
Documents
Announcements
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          Announcement under Regulation 30 (LODR)-Newspaper Publication
          
            28 Oct - Newspaper Notice for Q2 financial results
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          Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
          
            27 Oct - Audio/video recording of Q2 FY26 investor call for quarter and half-year ended 30 Sep 2025; Board approved 27 Oct 2025.
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          Announcement under Regulation 30 (LODR)-Press Release / Media Release
          
            27 Oct - Q2 FY26: Revenue Rs1,144cr (+24%), PAT Rs173cr; order book Rs23,600cr; new Rs2.6bn and INR8.2bn orders.
- Quarter And Half Year Financial Results 27 Oct
- Announcement under Regulation 30 (LODR)-Investor Presentation 27 Oct
Annual reports
Concalls
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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]