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Sona BLW Precision Forgings soars on signing agreement to acquire 54% stake in NOVELIC

10 Jan 2023 Evaluate

Sona BLW Precision Forgings is currently trading at Rs. 437.05, up by 14.55 points or 3.44% from its previous closing of Rs. 422.50 on the BSE.

The scrip opened at Rs. 446.00 and has touched a high and low of Rs. 447.55 and Rs. 431.55 respectively. So far 65269 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 795.00 on 17-Jan-2022 and a 52 week low of Rs. 397.35 on 26-Dec-2022.

Last one week high and low of the scrip stood at Rs. 447.55 and Rs. 407.30 respectively. The current market cap of the company is Rs. 24714.32 crore.

The promoters holding in the company stood at 53.59%, while Institutions and Non-Institutions held 36.08% and 10.33% respectively.

Sona BLW Precision Forgings (Sona Comstar) has signed an agreement to acquire a 54% equity stake in NOVELIC, a Serbia-based company founded in 2012, that is a leading provider of mmWave radar sensors, perception solutions and full-stack embedded systems. ADAS sensors are a fast-growing category in the automotive industry. It is one of the very few profitable, high-tech, and fast-growing companies in the ADAS Sensor space.

The acquisition is expected to be EPS accretive for Sona Comstar from 1st year and offers strong growth opportunities over the medium term. NOVELIC’s CY22 Revenue and PAT is estimated at Euro 9.3 mn and Euro 2.5 mn respectively, and it has been profitable every year since its inception.

In line with its strategic roadmap, Sona Comstar is foraying into the ADAS sensor market.  NOVELIC is vertically integrated across the value chain from machine learning and perception software to hardware and chip design; its partners include global automotive OEMs, autonomous vehicle makers, Tier-1s and chip manufacturers like Infineon and Texas Instruments. With the acquisition of Novelic, Sona Comstar has started building its third business vertical of ADAS Sensors and Software to address the megatrends of increasing vehicle autonomy and automation.

Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.

Sona BLW Precision Share Price

594.50 13.55 (2.33%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 125.00
Tube Investments 2789.65
Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
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