BSE: 543300 | NSE: SONACOMS | Auto Ancillary | Mid Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Sona BLW Precision Forgings Ltd is a good quality company.
The key valuation ratios of Sona BLW Precision Forgings Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 28.9% | 41.3% | 45.8% | 20.6% | 23.6% | 23% | 25.9% | - |
| Value Creation Index ⓘ | NA | NA | NA | 1.6 | 2.7 | 3.1 | 0.8 | 1.1 | 1.0 | 1.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 623 | 699 | 1,038 | 1,566 | 2,131 | 2,676 | 3,185 | 3,479 |
| Sales YoY Gr. | - | NA | NA | NA | 12.2% | 48.5% | 50.9% | 36% | 25.6% | 19% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 2.6 | 3 | 3.6 | 3.9 | 6 | 6.7 | 8.8 | 9.1 |
| YoY Gr. | - | NA | NA | NA | 15.3% | 20.9% | 8% | 53.7% | 11.1% | 31.3% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | -0.1 | 5.2 | 20.8 | 23.9 | 34.1 | 39 | 44.9 | 84.2 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 86.7 | 100 | 206 | 225 | 353 | 393 | 517 | 567 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 123 | 155 | 253 | 143 | 445 | 533 | 693 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 4.2 | 0.9 | 1.2 | 2.6 | 0.2 | 0.4 | 0.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 35.4% | 26.7% | 19% | ||||
| Adj EPS ⓘ | NA | 24% | 30.9% | 31.3% | ||||
| BVPSⓘ | NA | 53.8% | 23.4% | 15.1% | ||||
| Share Price | - | - | -2.4% | 18.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | -3658.4 | 116.9 | 30.5 | 17.6 | 20.9 | 18.3 | 20.9 | 14.1 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 27.2 | 28.7 | 24.6 | 28.2 | 26.3 | 26 | 28.3 | 28.2 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 13.9 | 14.4 | 19.8 | 14.4 | 16.6 | 14.7 | 16.2 | 16.3 |
| Debt to Equity ⓘ | 0 | 0 | 0 | -219.2 | 0.8 | 0.3 | 0.3 | 0 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 229 | 137 | 163 | 165 | 152 | 146 | 127 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 89 | 72 | 84 | 83 | 77 | 69 | 96 |
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 18.45%
Return on Equity has declined versus last 3 years average to 14.10%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.7 | 9.1 |
| TTM Sales (₹ Cr.) | 3,172 | 3,479 |
| BVPS (₹.) ⓘ | 83 | 84.2 |
| Reserves (₹ Cr.) ⓘ | 4,534 | 4,609 |
| P/BV ⓘ | 8.20 | 8.08 |
| PE ⓘ | 78.34 | 74.51 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 532.00 / 767.80 |
| All Time Low / High (₹) | 295.15 / 839.15 |
| Market Cap (₹ Cr.) | 42,270 |
| Equity (₹ Cr.) | 621.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 51.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Sales | 623 | 699 | 1,038 | 1,566 | 2,131 | 2,676 | 3,185 |
| Operating Expenses ⓘ | 454 | 499 | 796 | 1,125 | 1,572 | 1,980 | 2,283 |
| Manufacturing Costs | 176 | 199 | 171 | 252 | 343 | 425 | 496 |
| Material Costs | 179 | 205 | 446 | 645 | 946 | 1,220 | 1,374 |
| Employee Cost | 41 | 49 | 103 | 147 | 169 | 180 | 250 |
| Other Costs ⓘ | 59 | 46 | 76 | 80 | 115 | 154 | 163 |
| Operating Profit ⓘ | 169 | 200 | 242 | 441 | 559 | 696 | 902 |
| Operating Profit Margin (%) | 27.2% | 28.6% | 23.3% | 28.2% | 26.2% | 26.0% | 28.3% |
| Other Income ⓘ | 3 | 3 | 6 | 2 | 20 | 12 | 24 |
| Interest ⓘ | 18 | 18 | 26 | 33 | 18 | 17 | 26 |
| Depreciation ⓘ | 22 | 31 | 67 | 97 | 142 | 178 | 220 |
| Exceptional Items ⓘ | 0 | 0 | 232 | -14 | 13 | -3 | -9 |
| Profit Before Tax ⓘ | 132 | 155 | 387 | 300 | 432 | 509 | 671 |
| Tax ⓘ | 45 | 55 | 27 | 85 | 71 | 114 | 154 |
| Profit After Tax | 87 | 100 | 360 | 215 | 362 | 395 | 518 |
| PAT Margin (%) | 13.9% | 14.3% | 34.7% | 13.7% | 17.0% | 14.8% | 16.3% |
| Adjusted EPS (₹) | 2.3 | 5.2 | 6.4 | 3.8 | 6.2 | 6.8 | 8.8 |
| Dividend Payout Ratio (%) | 0% | 68% | 13% | 504% | 25% | 42% | 35% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -2 | 174 | 1,178 | 1,371 | 1,994 | 2,286 | 2,635 | |||
| Share Capital ⓘ | 28 | 28 | 48 | 573 | 584 | 585 | 586 | |||
| Reserves ⓘ | -30 | 146 | 1,130 | 798 | 1,409 | 1,700 | 2,048 | |||
| Minority Interest | 3 | 2 | 0 | 0 | 0 | 0 | 150 | |||
| Debt | 450 | 112 | 261 | 305 | 69 | 207 | 214 | |||
| Long Term Debt | 415 | 73 | 177 | 191 | 44 | 49 | 29 | |||
| Short Term Debt | 35 | 39 | 85 | 114 | 25 | 159 | 184 | |||
| Trade Payables | 330 | 69 | 116 | 224 | 219 | 249 | 298 | |||
| Others Liabilities ⓘ | 587 | 1,275 | 295 | 297 | 387 | 419 | 709 | |||
| Total Liabilities ⓘ | 1,366 | 1,633 | 1,851 | 2,198 | 2,669 | 3,161 | 4,005 | |||
Fixed Assets | ||||||||||
| Gross Block | 838 | 345 | 1,185 | 1,410 | 1,714 | 2,077 | 2,655 | |||
| Accumulated Depreciation | 144 | 54 | 119 | 194 | 329 | 489 | 704 | |||
| Net Fixed Assetsⓘ | 694 | 291 | 1,065 | 1,217 | 1,384 | 1,588 | 1,951 | |||
| CWIP ⓘ | 18 | 13 | 90 | 83 | 147 | 91 | 364 | |||
| Investmentsⓘ | 1 | 0 | 2 | 0 | 7 | 233 | 42 | |||
| Inventories | 284 | 68 | 196 | 306 | 363 | 323 | 347 | |||
| Trade Receivables | 281 | 152 | 234 | 417 | 445 | 609 | 648 | |||
| Cash Equivalents | 26 | 26 | 167 | 28 | 77 | 70 | 274 | |||
| Others Assetsⓘ | 62 | 1,083 | 97 | 148 | 246 | 248 | 379 | |||
| Total Assets ⓘ | 1,366 | 1,633 | 1,851 | 2,198 | 2,669 | 3,161 | 4,005 | |||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 123 | 155 | 253 | 143 | 445 | 533 | 693 |
| PBT ⓘ | 153 | 155 | 387 | 300 | 432 | 509 | 671 |
| Adjustment ⓘ | 75 | 46 | -122 | 103 | 156 | 197 | 241 |
| Changes in Working Capital ⓘ | -63 | 44 | 16 | -207 | -89 | -63 | -64 |
| Tax Paid ⓘ | -42 | -49 | -28 | -53 | -54 | -110 | -155 |
| Cash Flow From Investing Activity ⓘ | -138 | 204 | -954 | -156 | -353 | -563 | -472 |
| Capex | -124 | -141 | -212 | -218 | -344 | -335 | -319 |
| Net Investments | -16 | -25 | -25 | 0 | -7 | -231 | -173 |
| Others ⓘ | 2 | 370 | -717 | 62 | -3 | 3 | 20 |
| Cash Flow From Financing Activityⓘ | 9 | -346 | 767 | -67 | -64 | 19 | -175 |
| Net Proceeds from Shares ⓘ | 11 | 0 | 848 | 0 | 304 | 4 | 4 |
| Net Proceeds from Borrowing ⓘ | 59 | -19 | 123 | 31 | -206 | 14 | -10 |
| Interest Paid ⓘ | -58 | -16 | -21 | -25 | -9 | -9 | -26 |
| Dividend Paid ⓘ | 0 | 0 | -97 | -90 | -45 | -120 | -179 |
| Others ⓘ | -4 | -311 | -86 | 17 | -108 | 130 | 37 |
| Net Cash Flow ⓘ | -6 | 13 | 66 | -80 | 27 | -11 | 46 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 116.81 | 53.34 | 16.88 | 21.49 | 18.47 | 21.05 | |||
| ROCE (%) | N/A | 41.28 | 45.83 | 20.63 | 23.64 | 22.98 | 25.86 | |||
| Asset Turnover Ratio | 0.46 | 0.47 | 0.6 | 0.77 | 0.88 | 0.92 | 0.89 | |||
| PAT to CFO Conversion(x) | 1.41 | 1.55 | 0.7 | 0.67 | 1.23 | 1.35 | 1.34 | Working Capital Days | ||
| Receivable Days | 165 | 113 | 68 | 76 | 74 | 72 | 72 | |||
| Inventory Days | 166 | 92 | 46 | 58 | 57 | 47 | 38 | |||
| Payable Days | 674 | 355 | 76 | 96 | 86 | 70 | 73 | |||
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:
Major events
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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