Sona BLW Precision

₹597.5 6.3 | 1.1%

WEBSITE BSE:543300 NSE : SONACOMS 02 Jan, 16:01

Market Cap ₹37128 Cr.

Stock P/E 71.7

P/B 7.1

Current Price ₹597.5

Book Value ₹ 84.2

Face Value 10

52W High ₹767.8

Dividend Yield 0.51%

52W Low ₹ 561.7

Edit Ratio

Sona BLW Precision Research see more...

Equity Research Report - SONA BLW PRECISION FORGINGS LTD

Overview Inc. Year: 1995Industry: Auto Ancillary

Sona BLW Precision Forgings Ltd manufactures and sells systems and components for the automotive enterprise in India and the world over. The corporation offers traction automobiles, controllers, distinctive bevel gears, specific assemblies, controllers, pressure cars, hub wheel vehicles, drive cars, axles, starter motors, belt starter generators, alternators, reverse idlers, portal axle gears, couplings/sleeves, gear container gears, traditional and micro-hybrid starter, BSG systems, EV traction cars, and motor control devices. Its products are utilized in passenger and commercial cars, off-highway vehicles, electric powered motors, electric mild business cars, and electric powered two and three wheelers. The company was previously known as Sona Okegawa Precision Forgings Ltd. and changed its name to Sona BLW Precision Forgings Ltd in 2013. The enterprise incorporated in 1995 and is based in Gurugram, India.

Sona BLW Precision Share Price

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Peer Comparison

Sona BLW Precision Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	584	653	675	743	731	787	782	884	891	922
Other Income	6	7	13	6	6	9	5	9	9	24
Total Income	590	660	688	748	738	797	787	893	900	946
Total Expenditure	447	492	499	543	529	567	555	637	642	670
Operating Profit	144	169	189	206	209	229	232	256	258	276
Interest	3	4	5	5	5	6	7	7	9	11
Depreciation	40	43	47	48	51	53	56	60	61	63
Exceptional Income / Expenses	0	0	0	-3	-3	-6	0	0	0	-11
Profit Before Tax	101	121	137	150	150	164	169	189	189	192
Provision for Tax	25	29	30	30	37	40	35	41	47	48
Profit After Tax	76	93	107	120	112	124	134	148	142	144
Adjustments	0	0	0	0	0	-0	-1	1	0	0
Profit After Adjustments	76	93	107	120	112	124	133	149	142	144
Adjusted Earnings Per Share	1.3	1.6	1.8	2	1.9	2.1	2.3	2.5	2.4	2.3

Sona BLW Precision Profit & Loss

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	623	699	1038	1566	2131	2676	3185	3479
Other Income	3	3	6	2	20	12	24	47
Total Income	626	703	1044	1569	2151	2687	3209	3526
Total Expenditure	454	499	796	1125	1572	1980	2283	2504
Operating Profit	172	203	248	443	579	707	926	1022
Interest	18	18	26	33	18	17	26	34
Depreciation	22	31	67	97	142	178	220	240
Exceptional Income / Expenses	0	0	232	-14	13	-3	-9	-11
Profit Before Tax	132	155	387	300	432	509	671	739
Provision for Tax	45	55	27	85	71	114	154	171
Profit After Tax	87	100	360	215	362	395	518	568
Adjustments	-10	73	0	0	0	0	-1	0
Profit After Adjustments	76	173	360	215	362	395	517	568
Adjusted Earnings Per Share	2.3	5.2	6.4	3.8	6.2	6.8	8.8	9.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	19%	27%	35%	0%
Operating Profit CAGR	31%	28%	35%	0%
PAT CAGR	31%	34%	39%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-7%	-7%	NA%	NA%
ROE Average	21%	20%	26%	35%
ROCE Average	26%	24%	28%	30%

Sona BLW Precision Balance Sheet

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	-2	174	1178	1376	2000	2290	2650
Minority's Interest	3	2	0	0	0	0	150
Borrowings	415	73	177	191	44	49	29
Other Non-Current Liabilities	374	29	168	175	168	172	371
Total Current Liabilities	577	227	328	456	457	650	805
Total Liabilities	1366	1633	1851	2198	2669	3161	4005
Fixed Assets	694	291	1065	1217	1384	1588	1951
Other Non-Current Assets	32	29	154	160	236	172	507
Total Current Assets	640	262	632	821	1049	1401	1548
Total Assets	1366	1633	1851	2198	2669	3161	4005

Sona BLW Precision Cash Flow

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	28	26	39	105	25	54	44
Cash Flow from Operating Activities	123	155	253	143	445	533	693
Cash Flow from Investing Activities	-138	204	-954	-156	-353	-563	-472
Cash Flow from Financing Activities	9	-346	767	-67	-64	19	-175
Net Cash Inflow / Outflow	-6	13	66	-80	27	-11	46
Closing Cash & Cash Equivalent	26	39	105	25	54	44	91

Sona BLW Precision Ratios

#	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	2.3	5.2	6.37	3.76	6.19	6.75	8.82
CEPS(Rs)	3.27	3.94	7.55	5.45	8.62	9.79	12.58
DPS(Rs)	0	3.53	9.63	18.93	1.54	2.81	3.06
Book NAV/Share(Rs)	-0.07	5.22	20.81	23.93	34.12	39.04	44.93
Core EBITDA Margin(%)	27.16	28.6	23.34	28.16	26.24	26.01	28.33
EBIT Margin(%)	23.99	24.67	39.79	21.23	21.14	19.66	21.89
Pre Tax Margin(%)	21.11	22.13	37.29	19.15	20.28	19.03	21.08
PAT Margin (%)	13.89	14.32	34.72	13.74	16.97	14.77	16.26
Cash Profit Margin (%)	17.48	18.75	41.18	19.93	23.63	21.43	23.17
ROA(%)	6.34	6.68	20.69	10.63	14.86	13.56	14.45
ROE(%)	0	116.81	53.34	16.88	21.49	18.47	21.05
ROCE(%)	28.92	41.28	45.83	20.63	23.64	22.98	25.86
Receivable days	164.59	113.04	67.82	75.81	73.85	71.9	72.04
Inventory Days	166.3	91.79	46.42	58.47	57.3	46.81	38.42
Payable days	674.07	355.12	75.95	96.25	85.52	70	72.65
PER(x)	0	0	0	0	109.77	61.18	79.99
Price/Book(x)	0	0	0	0	19.9	10.58	15.7
Dividend Yield(%)	0	0	0	0	0.23	0.68	0.43
EV/Net Sales(x)	0.84	0.21	0.18	0.58	18.62	9.09	12.98
EV/Core EBITDA(x)	3.03	0.73	0.75	2.05	68.52	34.4	44.64
Net Sales Growth(%)	0	12.21	48.45	50.9	36.03	25.58	19.03
EBIT Growth(%)	0	15.41	139.38	-19.49	35.46	16.78	32.52
PAT Growth(%)	0	15.65	259.93	-40.29	68.03	9.34	30.98
EPS Growth(%)	0	126.27	22.46	-41.03	64.76	9.14	30.62
Debt/Equity(x)	-219.17	0.84	0.26	0.27	0.04	0.1	0.09
Current Ratio(x)	1.11	1.15	1.93	1.8	2.29	2.16	1.92
Quick Ratio(x)	0.62	0.85	1.33	1.13	1.5	1.66	1.49
Interest Cover(x)	8.34	9.71	15.9	10.23	24.67	31.08	27.02
Total Debt/Mcap(x)	0	0	0	0	0	0.01	0.01

Sona BLW Precision Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	67.18	53.59	53.53	33	29.76	29.76	29.71	29.71	29.71	28.04
FII	8.8	11.56	11.27	24.69	31.68	33.35	32.87	32.93	32.03	33.56
DII	16.12	24.53	24.37	31.28	28.2	27.5	27.91	28.77	29.51	30.95
Public	7.9	10.33	10.83	11.02	10.35	9.39	9.51	8.59	8.76	7.45
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	39.26	31.31	31.31	19.32	17.42	17.42	17.42	17.42	17.42	17.42
FII	5.14	6.75	6.59	14.46	18.55	19.52	19.28	19.31	18.79	20.85
DII	9.42	14.33	14.26	18.31	16.51	16.1	16.37	16.87	17.3	19.23
Public	4.62	6.03	6.33	6.45	6.06	5.5	5.58	5.04	5.14	4.63
Others	0	0	0	0	0	0	0	0	0	0
Total	58.44	58.44	58.5	58.54	58.54	58.54	58.64	58.64	58.65	62.13

Pros

Company has delivered good profit growth of 38% CAGR over last 5 years
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 28.04%.
Debtor days have increased from 70 to 72.65days.
Stock is trading at 7.1 times its book value.

* 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.