Sona BLW Precision Forgings Ltd

Sona BLW Precis. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sona BLW Precision Forgings Ltd

₹ 606 -1.46%
09 May - close price
sonacomstar.com BSE: 543300 NSE : SONACOMS
About

Sona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction motors across all vehicle categories.
The company develops mechanical and electrical hardware systems, components as well as base and application software solutions.

Key Points

Started as a Joint Venture[1] The company was incorporated as Sona Okegawa Precision Forgings Ltd as a JV with Mitsubishi Metal Corporation Ltd. The name was later changed to Sona BLW Precision Forgings and in 2016, the agreement with Mitsubishi metal was terminated. In FY19, company acquired Comstar entities, a leading designer and manufacturer of charging systems, which created Sona Comstar.

Website BSE NSE
  • Market Cap ₹ 35,509 Cr.
  • Current Price ₹ 606
  • High / Low ₹ 719 / 488
  • Stock P/E 67.8
  • Book Value ₹ 45.2
  • Dividend Yield 0.51 %
  • ROCE 24.4 %
  • ROE 21.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 24.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 33.7%

Cons

  • Stock is trading at 13.4 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
539 501 586 494 548 584 653 675 743 731 787 782 884
399 362 431 364 415 447 492 499 543 529 567 549 637
Operating Profit 140 139 154 131 133 138 161 176 200 203 220 233 247
OPM % 26% 28% 26% 26% 24% 24% 25% 26% 27% 28% 28% 30% 28%
-14 13 1 5 16 6 7 13 3 3 4 -0 9
Interest 9 9 3 3 3 3 4 5 5 5 6 7 7
Depreciation 28 33 36 36 37 40 43 47 48 51 53 56 60
Profit before tax 89 110 117 97 109 101 121 137 150 150 164 169 189
Tax % 33% 25% 24% 10% 4% 25% 24% 22% 20% 25% 24% 21% 21%
60 82 88 86 105 76 93 107 120 112 124 134 148
EPS in Rs 1.04 1.41 1.51 1.48 1.79 1.30 1.58 1.83 2.05 1.91 2.12 2.26 2.54
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
612 699 1,038 1,566 2,131 2,676 3,185
450 499 795 1,125 1,571 1,980 2,283
Operating Profit 162 200 243 441 560 696 902
OPM % 26% 29% 23% 28% 26% 26% 28%
3 76 237 -12 32 8 15
Interest 19 18 26 33 18 17 26
Depreciation 23 31 67 97 142 178 220
Profit before tax 122 228 387 300 432 509 671
Tax % 37% 24% 7% 28% 16% 22% 23%
78 173 360 215 362 395 518
EPS in Rs 27.93 62.40 76.42 3.76 6.19 6.75 8.82
Dividend Payout % 0% 0% 55% 504% 25% 42% 35%
Compounded Sales Growth
10 Years: %
5 Years: 35%
3 Years: 27%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 25%
3 Years: 32%
TTM: 34%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 11%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 20%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 28 28 47 573 584 585 586
Reserves -28 146 1,131 803 1,416 1,705 2,064
614 163 366 447 151 295 412
869 1,295 307 375 444 474 802
Total Liabilities 1,484 1,633 1,851 2,198 2,596 3,060 3,865
793 291 1,065 1,217 1,384 1,588 2,220
CWIP 18 13 90 83 147 91 95
Investments 1 0 2 0 7 233 42
672 1,328 694 898 1,058 1,149 1,509
Total Assets 1,484 1,633 1,851 2,198 2,596 3,060 3,865

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
149 155 253 143 445 533 693
-138 204 -954 -156 -352 -562 -472
-13 -346 767 -67 -64 19 -175
Net Cash Flow -2 13 66 -80 29 -10 46

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 168 79 82 97 76 83 74
Inventory Days 619 121 161 173 140 97 92
Days Payable 719 123 95 127 85 74 79
Cash Conversion Cycle 68 77 148 143 132 105 87
Working Capital Days 49 -13 80 122 93 86 78
ROCE % 51% 19% 21% 22% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.30% 67.30% 67.18% 67.18% 67.18% 53.58% 53.53% 33.00% 29.76% 29.76% 29.71% 29.71%
13.89% 10.38% 9.77% 8.79% 8.80% 11.56% 11.27% 24.69% 31.68% 33.35% 32.88% 32.93%
15.16% 16.43% 15.97% 16.42% 16.12% 24.52% 24.37% 31.28% 28.20% 27.50% 27.90% 28.77%
3.65% 5.88% 7.08% 7.61% 7.90% 10.32% 10.83% 11.01% 10.35% 9.39% 9.51% 8.59%
No. of Shareholders 2,28,1132,54,0663,48,9473,95,3674,00,0044,67,1284,79,6514,82,5174,70,8184,43,1734,40,9284,12,728

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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