Sona BLW Precision Forgings Ltd - Stock Valuation and Financial Performance

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

Sona BLW Precision Share Price

679.85 28.15 4.32%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Sona BLW Precision

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Sona BLW Precision Forgings stock performance -

mw4me loader
P/E Ratio (CD):
81.63
Market Cap:
39,869.7 Cr.
52-wk low:
431.1
52-wk high:
718.6

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 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%19.1%26.8%24.8%15.4%19.2%17.7%-
Value Creation
Index
NANANANA0.71.41.20.40.70.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00006236991,0381,5662,1312,6763,045
Sales YoY Gr.-NANANANA12.2%48.5%50.9%36%25.6%-
Adj EPS 00002.633.63.966.78.3
YoY Gr.-NANANANA15.3%20.9%8%53.7%11.1%-
BVPS (₹) 0000-0.15.220.823.934.13943.8
Adj Net
Profit
000086.7100206225353393489
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 NA20.8%22.6%11.1%
BVPSNANA23.3%14.4%
Share Price - - - 53%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0000-3658.4116.930.517.620.918.320.1
Op. Profit
Mgn %
000027.228.724.628.226.32628.1
Net Profit
Mgn %
00001414.419.814.416.614.716
Debt to
Equity
0000-219.20.80.30.300.1-
Working Cap
Days
0000025015116316515278
Cash Conv.
Cycle
00000897284837741

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.10%

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 24.21%

No data to display

Latest Financials - Sona BLW Precision Forgings Ltd.

Standalone Consolidated
TTM EPS (₹) 8.5 8.3
TTM Sales (₹ Cr.) 2,799 3,045
BVPS (₹.) 42.9 43.8
Reserves (₹ Cr.) 1,928 1,981
P/BV 15.86 15.53
PE 80.14 81.63
From the Market
52 Week Low / High (₹) 431.10 / 718.55
All Time Low / High (₹) 295.15 / 839.15
Market Cap (₹ Cr.) 39,870
Equity (₹ Cr.) 586.5
Face Value (₹) 10
Industry PE 47.1

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'23
Sales6236991,0381,5662,1312,676
Operating Expenses 4544997961,1251,5721,980
Manufacturing Costs176199171252343421
Material Costs1792054466459461,220
Employee Cost 4149103147169180
Other Costs 59467680115159
Operating Profit 169200242441559696
Operating Profit Margin (%) 27.2%28.6%23.3%28.2%26.2%26.0%
Other Income 33622012
Interest 181826331817
Depreciation 22316797142178
Exceptional Items 00232-1413-3
Profit Before Tax 132155387300432509
Tax 4555278571114
Profit After Tax 87100360215362395
PAT Margin (%) 13.9%14.3%34.7%13.7%17.0%14.8%
Adjusted EPS (₹)2.35.26.43.86.26.8
Dividend Payout Ratio (%)0%68%13%504%25%42%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund -21741,1781,3711,9942,286
Share Capital 282848573584585
Reserves -301461,1307981,4091,700
Minority Interest320000
Debt45011226130569207
Long Term Debt415731771914449
Short Term Debt35398511425159
Trade Payables33069116224219249
Others Liabilities 5871,275295297387419
Total Liabilities 1,3661,6331,8512,1982,6693,161

Fixed Assets

Gross Block8383451,1851,4101,7142,077
Accumulated Depreciation14454119194329489
Net Fixed Assets6942911,0651,2171,3841,588
CWIP 1813908314791
Investments 10207233
Inventories28468196306363323
Trade Receivables281152234417445609
Cash Equivalents 2626167287770
Others Assets621,08397148246248
Total Assets 1,3661,6331,8512,1982,6693,161

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 123155253143445533
PBT 153155387300432509
Adjustment 7546-122103156197
Changes in Working Capital -634416-207-89-63
Tax Paid -42-49-28-53-54-110
Cash Flow From Investing Activity -138204-954-156-353-563
Capex -124-141-212-218-344-335
Net Investments -16-25-250-7-229
Others 2370-71762-31
Cash Flow From Financing Activity 9-346767-67-6419
Net Proceeds from Shares 11084803044
Net Proceeds from Borrowing 59-1912331-20614
Interest Paid -58-16-21-25-9-1
Dividend Paid 00-97-90-45-120
Others -4-311-8617-108122
Net Cash Flow -61366-8027-11
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/A116.8153.3416.8821.4918.47
ROCE (%)N/A41.2845.8320.6323.6422.98
Asset Turnover Ratio0.460.470.60.770.880.92
PAT to CFO Conversion(x)1.411.550.70.671.231.35
Working Capital Days
Receivable Days16511368767472
Inventory Days1669246585747
Payable Days67435576968670

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-Apr-2024 16:59 is ₹679.9.
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-Apr-2024 16:59 the market cap of Sona BLW Precision stood at ₹39,869.7.
The latest P/E ratio of Sona BLW Precision as of 12-Apr-2024 16:59 is 80.14.
The latest P/B ratio of Sona BLW Precision as of 12-Apr-2024 16:59 is 15.86.
The 52-week high of Sona BLW Precision is ₹718.5 and the 52-week low is ₹431.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sona BLW Precision is ₹2,799 ( 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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