Sona BLW Precision

₹639 -9 | 1.4%

WEBSITE BSE:543300 NSE : SONACOMS 18 Oct, 11:15

Market Cap ₹39698 Cr.

Stock P/E 68.6

P/B 7.8

Current Price ₹639

Book Value ₹ 82.3

Face Value 10

52W High ₹767.8

Dividend Yield 0.48%

52W Low ₹ 489

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.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Sona BLW Precision Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Net Sales	331	346	365	503	623	699	539	1400	1939	2469	2893
Other Income	1	2	3	2	3	3	1	37	51	43	40
Total Income	332	347	368	505	626	703	540	1437	1990	2512	2933
Total Expenditure	239	263	294	397	454	502	389	1014	1440	1831	2067
Operating Profit	93	84	74	109	172	201	151	423	550	681	866
Interest	29	22	18	19	18	16	23	32	17	16	25
Depreciation	12	19	17	17	22	29	34	86	130	167	203
Exceptional Income / Expenses	0	0	-41	-2	0	0	0	-14	13	-3	-9
Profit Before Tax	52	43	-2	71	132	156	94	291	417	495	629
Provision for Tax	21	15	14	26	45	55	10	75	63	107	145
Profit After Tax	31	29	-16	45	87	101	84	216	354	388	484
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	31	29	-16	45	87	101	84	216	354	388	484
Adjusted Earnings Per Share	0.9	0.9	-0.5	1.3	2.6	3	1.5	3.8	6.1	6.6	8.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	17%	27%	33%	24%
Operating Profit CAGR	27%	27%	34%	25%
PAT CAGR	25%	31%	37%	32%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	14%	-6%	NA%	NA%
ROE Average	20%	20%	18%	18%
ROCE Average	25%	24%	21%	22%

Sona BLW Precision Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	184	211	195	240	274	426	1131	1361	1973	2250	2574
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	99	87	48	97	68	73	177	191	44	49	29
Other Non-Current Liabilities	14	23	14	3	4	14	72	147	142	158	314
Total Current Liabilities	142	139	190	168	214	271	198	424	420	620	807
Total Liabilities	439	461	447	507	561	785	1579	2122	2579	3077	3725
Fixed Assets	125	125	124	105	164	275	364	1085	1261	1473	1597
Other Non-Current Assets	211	226	184	189	141	62	954	314	390	322	784
Total Current Assets	104	111	139	213	256	308	261	722	928	1282	1344
Total Assets	439	461	447	507	561	785	1579	2122	2579	3077	3725

Sona BLW Precision Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	6	0	0	1	2	2	0	80	5	20	28
Cash Flow from Operating Activities	79	45	38	23	116	143	161	121	395	500	639
Cash Flow from Investing Activities	-31	-20	-12	-12	-102	-113	-886	-117	-318	-512	-453
Cash Flow from Financing Activities	-54	-25	-25	-10	-15	-31	760	-79	-62	20	-191
Net Cash Inflow / Outflow	-6	0	1	1	-0	-2	34	-75	15	8	-4
Closing Cash & Cash Equivalent	0	0	1	2	2	0	34	5	20	28	25

Sona BLW Precision Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0.94	0.87	-0.48	1.35	2.61	3.02	1.49	3.77	6.05	6.63	8.26
CEPS(Rs)	1.3	1.43	0.04	1.87	3.28	3.91	2.09	5.27	8.27	9.47	11.72
DPS(Rs)	0	0	0	0	0	3.53	9.63	18.93	1.54	2.81	3.06
Book NAV/Share(Rs)	5.53	6.34	5.86	7.21	8.24	12.82	19.99	23.67	33.66	38.35	43.63
Core EBITDA Margin(%)	25.43	21.87	17.91	19.46	27.16	28.27	27.86	27.59	25.75	25.84	28.54
EBIT Margin(%)	22.41	17.34	4.12	16.41	24.03	24.54	21.69	23.08	22.38	20.7	22.63
Pre Tax Margin(%)	14.46	11.54	-0.41	12.87	21.15	22.25	17.38	20.81	21.49	20.04	21.75
PAT Margin (%)	8.61	7.66	-3.99	8.18	13.93	14.38	15.61	15.43	18.23	15.72	16.75
Cash Profit Margin (%)	12.01	12.63	0.32	11.31	17.51	18.58	21.96	21.58	24.91	22.47	23.75
ROA(%)	7.47	6.42	-3.51	9.4	16.25	14.95	7.11	11.68	15.04	13.72	14.25
ROE(%)	18.48	14.63	-7.87	20.65	33.79	28.72	10.8	17.37	21.28	18.43	20.17
ROCE(%)	23.98	18.42	4.64	24.3	35.97	34.1	11.81	20.63	23.03	22.66	24.82
Receivable days	42.99	47.83	55.24	61.86	76.53	76.71	96.74	69.36	78.7	75.7	73.72
Inventory Days	29.51	32.33	32.02	30.99	37.16	36.58	43.77	41.44	52.44	42.07	36.58
Payable days	100.23	103.53	107.41	120.2	169.83	145.28	148.04	82.32	83.1	69.6	74.25
PER(x)	0	0	0	0	0	0	0	0	112.25	62.32	85.4
Price/Book(x)	0	0	0	0	0	0	0	0	20.18	10.77	16.17
Dividend Yield(%)	0	0	0	0	0	0	0	0	0.23	0.68	0.43
EV/Net Sales(x)	0.56	0.53	0.48	0.36	0.3	0.21	0.49	0.67	20.48	9.86	14.31
EV/Core EBITDA(x)	1.99	2.17	2.35	1.68	1.08	0.73	1.75	2.2	72.18	35.76	47.83
Net Sales Growth(%)	26.52	4.42	5.72	37.77	23.81	12.21	-22.96	159.9	38.5	27.31	17.2
EBIT Growth(%)	36	-19.35	-74.77	446.15	66.33	14.61	-31.91	176.61	34.31	17.73	28.11
PAT Growth(%)	36.51	-7.16	-155.28	381.08	93.41	15.88	-16.39	156.95	63.65	9.77	24.84
EPS Growth(%)	36.51	-7.16	-155.28	381.1	93.41	15.88	-50.85	153.75	60.46	9.58	24.62
Debt/Equity(x)	0.86	0.74	0.76	0.66	0.59	0.34	0.24	0.27	0.04	0.1	0.09
Current Ratio(x)	0.73	0.79	0.73	1.27	1.2	1.14	1.32	1.71	2.21	2.07	1.66
Quick Ratio(x)	0.48	0.57	0.53	0.94	0.86	0.89	1.01	1.1	1.49	1.63	1.28
Interest Cover(x)	2.82	2.99	0.91	4.63	8.35	10.71	5.04	10.16	25.18	31.24	25.78
Total Debt/Mcap(x)	0	0	0	0	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 36% 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 69.6 to 74.25days.
Stock is trading at 7.8 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.