Sona BLW Precision Forgings Ltd (NSE: SONACOMS): A 5 percent increase was registered for Sona BLW Precision Forgings’ shares.
Sona BLW Precision Forgings in the market on the day of publication. Following this rise the cost of shares in the company reached the mark of Rs 649.
The reason for this surge could be due to the reports about the company. Sona BLW Precision Forgings has been awarded a certificate as part of the PLI Scheme.
The information provided by the business to exchange it is stated that it was the first automobile company to be granted certification in the PLI scheme.
The company applied for a PLI scheme that covers seven different products. The certification for the first item has been received.
The Auto PLI Scheme was launched by the government in 2021. The scheme was launched to help encourage local companies.
The government has offered an amount of Rs 25,900 crore to the scheme for five years. Experts has suggested not to sell share before the price reached at Rs 789.
What Is The Performance Overall Of The Company?
The investors who are invested in this company have seen a gain of 40.81 percent over the past year. However, the price of shares has only increased by 10.19 percent over the last six months.
The 52-week high for the company’s share price on BSE can be found at 669.95 per share. Meanwhile, the 52-week lowest value is 401.10 per share.
How Solid Are The Results For The Quarter?
Its net income for December of this business for December was 113.60 crore. Net profit for the business has increased by 24 percent year-to-year.
The company’s revenues from October through December 2023 were 781.80 crore. It has been growing by 15.80 percent on a year-on-year basis.
About Sona Blw Precision Forgings Ltd
Sona BLW Precision Forgings Limited, a company based in India, is involved in the manufacture of precision forged bevel and differential case assemblies.
The Company produces differential assemblies, differential motors, and traction motors for electric vehicles (EVs), including brushless direct current motors (BLDC) or permanent magnet synchronous (PMSM).
It also manufactures motor control units. Driveline technology includes precision-forged couplings and gears.
It has nine manufacturing plants in India, Mexico, the United States, and China.
Fundamental Analysis of Sona Blw Precision Forgings Ltd
| Market Cap | ₹ 38,075 Cr. |
| Current Price | ₹ 649 |
| 52-wk High | ₹ 670 |
| 52-wk Low | ₹ 401 |
| Stock P/E | 76.6 |
| Book Value | ₹ 41.5 |
| Dividend | 0.45 % |
| ROCE | 22.0 % |
| ROE | 18.3 % |
| Face Value | ₹ 10.0 |
| P/B Value | 15.6 |
| OPM | 28.1 % |
| EPS | ₹ 8.34 |
| Debt | ₹ 386 Cr. |
| Debt to Equity | 0.16 |
Sona Blw Precision Forgings Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 575 | ₹ 844 |
| 2025 | ₹ 867 | ₹ 1100 |
| 2026 | ₹ 1155 | ₹ 1280 |
| 2027 | ₹ 1324 | ₹ 1400 |
| 2028 | ₹ 1478 | ₹ 1654 |
| 2029 | ₹ 1700 | ₹ 1780 |
| 2030 | ₹ 1800 | ₹ 2200 |
Sona Blw Precision Forgings Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 53.53% |
| Mar 2023 | 33.00% |
| June 2023 | 29.76% |
| Sept 2023 | 29.76% |
| Dec 2023 | 29.71% |
| FII Holding | |
| Dec 2022 | 11.27% |
| Mar 2023 | 24.69% |
| June 2023 | 31.68% |
| Sept 2023 | 33.35% |
| Dec 2023 | 32.88% |
| DII Holding | |
| Dec 2022 | 24.37% |
| Mar 2023 | 31.28% |
| June 2023 | 28.20% |
| Sept 2023 | 27.50% |
| Dec 2023 | 27.90% |
| Public Holding | |
| Dec 2022 | 10.83% |
| Mar 2023 | 11.01% |
| June 2023 | 10.35% |
| Sept 2023 | 9.39% |
| Dec 2023 | 9.51% |
Sona Blw Precision Forgings Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 699 Cr |
| 2020 | ₹ 1,038 Cr |
| 2021 | ₹ 1,566 Cr |
| 2022 | ₹ 2,131 Cr |
| 2023 | ₹ 3,043 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 173 Cr |
| 2020 | ₹ 360 Cr |
| 2021 | ₹ 215 Cr |
| 2022 | ₹ 362 Cr |
| 2023 | ₹ 490 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.26 |
| 2020 | 0.2 |
| 2021 | 0.2 |
| 2022 | 0.04 |
| 2023 | 0.1 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | 38% |
| 3 Years: | 38% |
| Current Year: | 31% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 22% |
| 3 Years: | 19% |
| Last Year: | 18% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 34% |
| 3 Years: | 37% |
| Current Year: | 24% |
Conclusion
This article is a complete guide about Sona Blw Precision Forgings Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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