Sona BLW Precision Forgings Ltd

Sona BLW Precision Forgings Ltd

₹ 579 -0.68%
07 May - 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 35,957 Cr.
  • Current Price 579
  • High / Low 616 / 402
  • Stock P/E 53.0
  • Book Value 96.2
  • Dividend Yield 0.59 %
  • ROCE 14.8 %
  • ROE 11.8 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 24.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 33.6%

Cons

  • Promoter holding has decreased over last 3 years: -4.98%
  • Working capital days have increased from 108 days to 156 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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
743 731 787 782 884 891 922 868 865 854 1,138 1,200 1,258
543 529 567 549 637 642 670 634 633 648 854 904 962
Operating Profit 200 203 220 233 247 249 252 234 231 206 284 296 296
OPM % 27% 28% 28% 30% 28% 28% 27% 27% 27% 24% 25% 25% 24%
3 3 4 -0 9 9 13 41 53 32 21 -14 33
Interest 5 5 6 7 7 9 11 6 5 5 5 5 8
Depreciation 48 51 53 56 60 61 63 67 65 67 72 75 74
Profit before tax 150 150 164 169 189 189 192 203 215 165 228 201 247
Tax % 20% 25% 24% 21% 21% 25% 25% 26% 24% 26% 25% 25% 24%
120 112 124 134 148 142 144 151 164 122 170 150 187
EPS in Rs 2.05 1.91 2.12 2.26 2.54 2.42 2.32 2.43 2.64 2.01 2.78 2.43 3.09
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 Mar 2026
612 699 1,038 1,566 2,131 2,676 3,185 3,546 4,449
450 499 795 1,125 1,571 1,980 2,282 2,579 3,368
Operating Profit 162 200 243 441 560 696 902 967 1,081
OPM % 26% 29% 23% 28% 26% 26% 28% 27% 24%
3 76 237 -12 32 8 15 116 72
Interest 19 18 26 33 18 17 26 30 23
Depreciation 23 31 67 97 142 178 220 254 288
Profit before tax 122 228 387 300 432 509 671 798 842
Tax % 37% 24% 7% 28% 16% 22% 23% 25% 25%
78 173 360 215 362 395 518 600 629
EPS in Rs 27.93 62.40 76.42 3.76 6.19 6.75 8.82 9.67 10.29
Dividend Payout % 0% 0% 55% 504% 25% 42% 35% 33% 33%
Compounded Sales Growth
10 Years: %
5 Years: 23%
3 Years: 18%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 25%
3 Years: 20%
TTM: 16%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 4%
1 Year: 13%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 14%
Last Year: 12%

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 Mar 2026
Equity Capital 28 28 47 573 584 585 586 622 622
Reserves -28 146 1,131 803 1,416 1,705 2,064 4,873 5,361
614 163 366 447 151 295 412 202 442
869 1,295 307 375 444 474 802 840 1,039
Total Liabilities 1,484 1,633 1,851 2,198 2,596 3,060 3,865 6,537 7,464
793 291 1,065 1,217 1,384 1,588 1,951 2,127 3,938
CWIP 18 13 90 83 147 91 364 419 136
Investments 1 0 2 0 7 233 42 864 550
672 1,328 694 898 1,058 1,149 1,509 3,126 2,841
Total Assets 1,484 1,633 1,851 2,198 2,596 3,060 3,865 6,537 7,464

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 Mar 2026
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
Free Cash Flow 61 13 41 -75 101 198 374 360
CFO/OP 117% 102% 116% 44% 89% 92% 94% 98%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 168 79 82 97 76 83 74 73 94
Inventory Days 619 121 161 173 140 97 92 82 107
Days Payable 719 123 95 127 85 74 79 77 80
Cash Conversion Cycle 68 77 148 143 132 105 87 78 121
Working Capital Days 8 -35 48 79 87 62 50 118 156
ROCE % 51% 19% 21% 22% 22% 24% 18% 15%

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
%
BEV Revenue Share in Automotive Revenue
%
Installed Capacity: Differential Gears (India)
Million Units
Number of Manufacturing Plants
Number
Net Order Book
INR Billion
Number of EV Programs Awarded
Number
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
29.76% 29.76% 29.71% 29.71% 29.71% 28.04% 28.03% 28.02% 28.02% 28.02% 28.02% 28.01%
31.68% 33.35% 32.88% 32.93% 32.03% 33.55% 33.25% 29.91% 29.75% 23.47% 23.89% 23.70%
28.20% 27.50% 27.90% 28.77% 29.50% 30.95% 31.15% 34.43% 34.60% 40.13% 40.74% 41.46%
10.35% 9.39% 9.51% 8.59% 8.75% 7.44% 7.57% 7.62% 7.64% 8.37% 7.35% 6.82%
No. of Shareholders 4,70,8184,43,1734,40,9284,12,7284,24,8963,99,3354,05,0934,08,8594,05,4144,28,0494,04,5073,78,653

* 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.

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