Sona BLW Precision Forgings Ltd - Stock Valuation and Financial Performance

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

Sona BLW Precision Share Price

725.35 4.00 0.55%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Sona BLW Precision

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Sona BLW Precision Forgings stock performance -

mw4me loader
P/E Ratio (CD):
82.24
Market Cap:
42,538.9 Cr.
52-wk low:
489
52-wk high:
744.5

Is Sona BLW Precision Forgings Ltd an attractive stock to invest in?

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 Strong which suggest that the price of Sona BLW Precision Forgings Ltd is likely to Rise 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0%0%0%19.1%26.8%24.8%15.4%19.2%17.7%19.3%-
Value Creation
Index
NANANA0.71.41.20.40.70.60.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0006236991,0381,5662,1312,6763,1853,185
Sales YoY Gr.-NANANA12.2%48.5%50.9%36%25.6%19%-
Adj EPS 0002.633.63.966.78.88.8
YoY Gr.-NANANA15.3%20.9%8%53.7%11.1%31.3%-
BVPS (₹) 000-0.15.220.823.934.13944.944.9
Adj Net
Profit
00086.7100206225353393517517
Cash Flow from Ops. 000123155253143445533693-
Debt/CF from Ops. 0004.20.91.22.60.20.40.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA35.4%26.7%19%
Adj EPS NA24%30.9%31.3%
BVPSNA53.8%23.4%15.1%
Share Price - - 21.7% 33.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
000-3658.4116.930.517.620.918.320.919.6
Op. Profit
Mgn %
00027.228.724.628.226.32628.328.3
Net Profit
Mgn %
00013.914.419.814.416.614.716.216.2
Debt to
Equity
000-219.20.80.30.300.10.10
Working Cap
Days
000022913716316515214674
Cash Conv.
Cycle
000089728483776937

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 26.69%

Net Profit is growing at healthy rate in last 3 years 30.88%

Sales growth is good in last 4 quarters at 20.16%

Return on Equity has declined versus last 3 years average to 19.60%

Latest Financials - Sona BLW Precision Forgings Ltd.

Standalone Consolidated
TTM EPS (₹) 8.3 8.8
TTM Sales (₹ Cr.) 2,893 3,185
BVPS (₹.) 43.6 44.9
Reserves (₹ Cr.) 1,972 2,048
P/BV 16.63 16.14
PE 87.80 82.24
From the Market
52 Week Low / High (₹) 489.00 / 744.45
All Time Low / High (₹) 295.15 / 839.15
Market Cap (₹ Cr.) 42,539
Equity (₹ Cr.) 586.5
Face Value (₹) 10
Industry PE 56.4

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales6236991,0381,5662,1312,6763,185
Operating Expenses 4544997961,1251,5721,9802,283
Manufacturing Costs176199171252343425496
Material Costs1792054466459461,2201,374
Employee Cost 4149103147169180250
Other Costs 59467680115154163
Operating Profit 169200242441559696902
Operating Profit Margin (%) 27.2%28.6%23.3%28.2%26.2%26.0%28.3%
Other Income 3362201224
Interest 18182633181726
Depreciation 22316797142178220
Exceptional Items 00232-1413-3-9
Profit Before Tax 132155387300432509671
Tax 4555278571114154
Profit After Tax 87100360215362395518
PAT Margin (%) 13.9%14.3%34.7%13.7%17.0%14.8%16.3%
Adjusted EPS (₹)2.35.26.43.86.26.88.8
Dividend Payout Ratio (%)0%68%13%504%25%42%35%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund -21741,1781,3711,9942,2862,635
Share Capital 282848573584585586
Reserves -301461,1307981,4091,7002,048
Minority Interest320000150
Debt45011226130569207214
Long Term Debt41573177191444929
Short Term Debt35398511425159184
Trade Payables33069116224219249298
Others Liabilities 5871,275295297387419709
Total Liabilities 1,3661,6331,8512,1982,6693,1614,005

Fixed Assets

Gross Block8383451,1851,4101,7142,0772,655
Accumulated Depreciation14454119194329489704
Net Fixed Assets6942911,0651,2171,3841,5881,951
CWIP 1813908314791364
Investments 1020723342
Inventories28468196306363323347
Trade Receivables281152234417445609648
Cash Equivalents 2626167287770274
Others Assets621,08397148246248379
Total Assets 1,3661,6331,8512,1982,6693,1614,005

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 123155253143445533693
PBT 153155387300432509671
Adjustment 7546-122103156197241
Changes in Working Capital -634416-207-89-63-64
Tax Paid -42-49-28-53-54-110-155
Cash Flow From Investing Activity -138204-954-156-353-563-472
Capex -124-141-212-218-344-335-319
Net Investments -16-25-250-7-231-173
Others 2370-71762-3320
Cash Flow From Financing Activity 9-346767-67-6419-175
Net Proceeds from Shares 110848030444
Net Proceeds from Borrowing 59-1912331-20614-10
Interest Paid -58-16-21-25-9-9-26
Dividend Paid 00-97-90-45-120-179
Others -4-311-8617-10813037
Net Cash Flow -61366-8027-1146
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/A116.8153.3416.8821.4918.4721.05
ROCE (%)N/A41.2845.8320.6323.6422.9825.86
Asset Turnover Ratio0.460.470.60.770.880.920.89
PAT to CFO Conversion(x)1.411.550.70.671.231.351.34
Working Capital Days
Receivable Days1651136876747272
Inventory Days166924658574738
Payable Days6743557696867073

Sona BLW Precision Forgings Ltd Stock 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 12-Jul-2024 16:01 is ₹725.4.
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 12-Jul-2024 16:01 the market cap of Sona BLW Precision stood at ₹42,538.9.
The latest P/E ratio of Sona BLW Precision as of 12-Jul-2024 16:01 is 87.80.
The latest P/B ratio of Sona BLW Precision as of 12-Jul-2024 16:01 is 16.63.
The 52-week high of Sona BLW Precision is ₹744.5 and the 52-week low is ₹489.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sona BLW Precision is ₹2,893 ( 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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