Sona BLW Precision Forgings Ltd Stock Analysis

BSE: 543300 | NSE: SONACOMS | Auto Ancillary | Mid Cap

BSE Share Price 29-Sep-2023 18:02
583.20 2.45 (0.42%)

DeciZen - Make an Informed Decision on Sona BLW Precision

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Sona BLW Precision Price Chart

P/E Ratio (CD):
79.12
Market Cap:
34,141.4 Cr.
52-wk low:
397.4
52-wk high:
626
Bole Toh?

1. Is Sona BLW Precision Forgings Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sona BLW Precision Forgings Ltd is a good quality company.

2. Is Sona BLW Precision Forgings Ltd undervalued or overvalued?

The key valuation ratios of Sona BLW Precision Forgings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Sona BLW Precision Forgings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sona BLW Precision Forgings Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sona BLW Precision:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sona BLW Precision Forgings Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%0%17.2%44.2%24.8%15.4%19.2%17.7%-
Value Creation Index NANANANA0.52.91.20.40.70.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00006238121,0381,5662,1312,6762,804
YoY Gr. Rt. %-NANANANA30.3%27.8%50.9%36%25.6%-
Adj EPS 00002.35.23.63.966.77.4
YoY Gr. Rt. %-NANANANA125.5%-30.1%8%53.7%11.1%-
BVPS (₹) 0000-0.15.220.823.934.13941
Adj Net Profit 000076.7173206225353393431
Cash Flow from Ops. 0000123155253143445533-
Debt/CF from Ops. 00004.20.91.22.60.20.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA33.8%37.1%25.6%
Adj EPS NA23.8%22.6%11.1%
BVPSNANA23.3%14.4%
Share Price - - - 25.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on Equity % 0000-3237.5202.130.517.620.918.318.4
Op. Profit Mgn % 000030.638.624.628.226.32626.5
Net Profit Mgn % 000012.321.319.814.416.614.715.4
Debt to Equity 0000-219.20.80.30.300.1-
Working Cap Days 000004343221631651520
Cash Conv. Cycle 0000028728483770

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 37.11%

Net Profit is growing at healthy rate in last 3 years 22.61%

Sales growth is good in last 4 quarters at 28.14%

Return on Equity has declined versus last 3 years average to 18.40%

Latest Financials - Sona BLW Precision Forgings Ltd.

Standalone Consolidated
TTM EPS (₹) 7.2 7.4
TTM Sales (₹ Cr.) 2,590 2,804
BVPS (₹.) 40.1 41
Reserves (₹ Cr.) 1,761 1,812
P/BV 14.55 14.24
PE 80.50 79.12
From the Market
52 Week Low / High (₹) 397.35 / 626.00
All Time Low / High (₹) 295.15 / 839.15
Market Cap (₹ Cr.) 34,141
Equity (₹ Cr.) 585.4
Face Value (₹) 10
Industry PE 44.9

Management X-Ray of Sona BLW Precision :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sona BLW Precision

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Sona BLW Precision Forgings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sona BLW Precision on 29-Sep-2023 18:02 is : 583.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Sep-2023 18:02 the market cap of Sona BLW Precision stood at ₹ 34,141.4.
The latest PE ratio of Sona BLW Precision as of 29-Sep-2023 18:02 is 80.50.
The latest PB ratio of Sona BLW Precision as of 29-Sep-2023 18:02 is 14.55
The 52-week high of Sona BLW Precision is ₹ 626.0 and the 52-week low is ₹ 397.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Sona BLW Precision is ₹ 2,590 ( Cr.) .

About Sona BLW Precision Forgings Ltd

Sona BLW Precision Forgings is one of India’s leading automotive technology companies, designing, manufacturing and supplying highly engineered, mission critical automotive systems and components such as differential assemblies, differential gears, conventional and micro-hybrid starter motors, BSG systems, EV traction motors (BLDC and PMSM) and motor control units to automotive OEMs across US, Europe, India and China, for both electrified and non-electrified powertrain segments. The company is a technology and innovation driven company. With a strong focus on research and development (R&D), it develops mechanical and electrical hardware systems, components as well as base and application software solutions, to meet the evolving demands of its customers. It is one of a few companies globally, with the ability to design high power density EV systems handling high torque requirements with a lightweight design, while meeting stringent durability, performance and NVH specifications, enabling EV manufacturers to enhance the vehicle range, acceleration and the overall efficiency.

The company has nine manufacturing and assembly facilities across India, China, Mexico and USA, of which six are located in India, from where it supplies its products to six out of the top ten global PV OEMs, three out of the top ten global CV OEMs and seven out of the top eight global tractor OEMs by volume. It currently supplies differential assemblies, differential gears, EV Traction Motors to customers in US, China and India, for use in hybrid and battery electric passenger vehicles, hybrid and battery electric light commercial vehicles, electric two-wheelers and electric three-wheelers.

Business area of the company

The company 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.

Awards:

  • 2011: JLRQ Supplier Excellence Award from JLR.
  • 2011: Award of Excellence from Global OEM of PVs and CVs.
  • 2012: Best Supplier Award-IBU Business Growth from TAFE.
  • 2012: Best Technology Partner from Spicer India (Dana).
  • 2013: Supplier Recognition Award for Outstanding Contribution from North American Tier 1 Supplier for PVs, CVs, OHVs and EVs.
  • 2013: Overall Performer of the Year Award from Escorts.
  • 2013: Best Supplier Award for Consistent Performance in Quality and Reliability from TAFE.
  • 2013: Best Supplier in Performance (Forging) from Indian Tier 1 Supplier for CVs.
  • 2014: Supplier Excellence Award from TMA (John Deere).
  • 2015: Best Supplier Award- Exemplary Performance Quality and Reliability from TAFE.
  • 2015: Award for Best Quality- Forging from Indian Tier 1 Supplier for CVs.
  • 2015: Supplier Excellence Award- In Recognition of Partner Level Performance from TMA (John Deere).
  • 2016: World Excellence Award- Gold from North American OEM of PVs and CVs.
  • 2017: Supplier Excellence Award- In Recognition of Partner Level Performance from TMA (John Deere).
  • 2018: Platinum Award- In Recognition of Best-in-class Performance in the field of Delivery- Forging from Indian Tier 1 Supplier for CVs.
  • 2019: Best Supplier Award for Exemplary Performance: Zero Defect from TAFE.
  • 2019: Best Performance in Delivery from Ashok Leyland.
  • 2019: World Excellence Award – Silver from North American OEM of PVs and CVs.
  • 2020: Exceptional support during Challenging Times (Covid-19) from Indian OEM of PVs, CVs and EVs.

Major events

  • 1995: Incorporation of the company.
  • 1998: Commencement of production at Gurugram Unit I.
  • 2005: Commencement of operations at Pune Unit I.
  • 2013: The company was renamed as “Sona BLW Precision Forgings Limited”.
  • 2017: Commencement of operations at Gurugram Unit I and Gurugram Unit II.
  • 2018: Acquisition of new land for Pune Unit II.
  • 2019: Adopted “Sona Comstar” as brand name.
  • 2019: Commencement of operations at our Manesar Unit.
  • 2019: Awarded contract by a renowned global electric vehicle manufacturer.
  • 2020: Achieved milestone of production of approximately 250 million gears.
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