SONACOMS

Sona BLW Precision Forgings share price & financials

Price
₹613.8
Market cap
₹47.6k Cr
Sector
Automobile and Auto Components
Calls analysed
8
Latest concall · Q1 FY27 · call held 23 Jul 2026

Sona BLW Precision Forgings Limited Q1 FY27

Revenue ₹12,310 cr +54%EBITDA ₹303 cr +49%EBITDA Margin 23.1% −1%PAT ₹181 cr +45%

What went well

  • Revenue grew by 54% YoY to ₹12,310 crores, marking the best ever quarter for revenue.
  • BEV revenue grew by 107% YoY to ₹436 crores, achieving the highest ever BEV revenue and mix.
  • Net order book stands at ₹240 billion, with significant wins in hybrid differential assembly, traction motors, and ICE differential gears.

What to watch

  • EBITDA margin was 23.1%, lower by 0.7% compared to last year, primarily due to input cost inflation and product mix.
  • PAT margin was 13.6%, lower by 0.7% compared to last year, affected by lower EBITDA margin and net finance income.
Read the full call →

What Sona BLW Precision Forgings Limited does

Sona BLW Precision Forgings (Sona Comstar) designs and manufactures highly engineered, mission-critical driveline and motor components — differential gears and assemblies, starter motors, BEV traction motors and integrated motor controllers, and automotive radar/in-cabin sensors — supplied to passenger vehicle, commercial vehicle, tractor, off-highway and two/three-wheeler OEMs worldwide. It earns through long-term supply programs won against a multi-year order book, with revenue realised as awarded programs enter serial production and ramp up. Following the acquisition of the Railway Business from Escorts, it also supplies brake systems, couplers, suspension systems, automatic plug doors, HVAC systems and electric control panels to the railway rolling-stock industry. It also holds a majority stake in NOVELIC, a radar and sensor technology company.

Segments

  • Driveline Business
  • Motor Business
  • Railway Business
Manufacturing plants
12, across India, USA, Mexico, Germany, Belgium, Serbia and China
R&D centres
5
Engineering capability centres
3
Warehouses
8
Tool & die shops
1
India plant locations
Gurugram, Manesar, Faridabad, Pune, Chennai, Hosur, Sanand, Rudrapur and Mehsana
Founded 1995

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 3 delivered 3 missed 11 open
  • EBITDA Margin Band revised down said Q2 FY26 Promised: 24-26% Q1 FY27: EBITDA margin was 23.1%, which is within the revised guidance band of 23-25%.
  • Acquisition Accretion delivered said Q2 FY25 Promised: EPS Accretive from Year 1 Q1 FY27: Not addressed.
  • Suspension Motor Revenue Share on track said Q4 FY26 Promised: Single digit % of revenue by end of FY27 Q1 FY27: China was the fastest-growing geography for Sona Comstar due to suspension motor ramp-up.

All 17 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 52.3%, net profit up 46.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue922 868 865 854 1,138 +23%1,200 +38%1,258 +45%1,301 +52%
EBITDA252 234 231 206 284 +13%296 +26%296 +28%293 +42%
Net profit144 151 164 122 170 +18%150 −1%187 +14%179 +47%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +75.1% 1Y

₹400₹500₹600₹700₹800Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 27 Oct 2025Q3 FY26 — 23 Jan 2026Q4 FY26 — 30 Apr 2026Q1 FY27 — 23 Jul 2026

1Y: ₹450.05 on 10 Sept 2025 → ₹788. High ₹824 (18 Aug 2026), low ₹405.25 (8 Oct 2025).

How the price took the results

close before → close after

Q1 FY27
−0.9%
23 Jul
Q4 FY26
+1.3%
30 Apr
Q3 FY26
−2.8%
23 Jan
Q2 FY26
+1.1%
27 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 18.8% a year over 3 years, FY23 to FY26. Operating margin narrowed to 24.3%.

Year endingFY23FY24FY25FY26
Revenue₹2.7k Cr₹3.2k Cr₹3.5k Cr₹4.5k Cr
Operating profit₹675 Cr₹903 Cr₹966 Cr₹1.1k Cr
Operating margin25.4%28.4%27.2%24.3%
Interest₹17 Cr₹25 Cr₹31 Cr₹23 Cr
Depreciation₹178 Cr₹220 Cr₹256 Cr₹288 Cr
Net profit₹396 Cr₹518 Cr₹601 Cr₹629 Cr
Net margin14.9%16.3%16.9%14.1%
ROCE22.0%24.0%18.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹573 Cr₹584 Cr₹585 Cr₹586 Cr₹622 Cr₹622 Cr
Reserves₹803 Cr₹1.4k Cr₹1.7k Cr₹2.1k Cr₹5.1k Cr₹5.4k Cr
Borrowings₹447 Cr₹151 Cr₹295 Cr₹412 Cr₹211 Cr₹442 Cr
Other liabilities₹375 Cr₹444 Cr₹474 Cr₹802 Cr₹949 Cr₹1.0k Cr
Total liabilities₹2.2k Cr₹2.6k Cr₹3.1k Cr₹3.9k Cr₹6.9k Cr₹7.5k Cr
Fixed assets₹1.2k Cr₹1.4k Cr₹1.6k Cr₹2.0k Cr₹3.9k Cr₹3.6k Cr
Capital work in progress₹83 Cr₹147 Cr₹91 Cr₹364 Cr₹150 Cr₹427 Cr
Investments₹0 Cr₹7 Cr₹233 Cr₹42 Cr₹453 Cr₹550 Cr
Other assets₹898 Cr₹1.1k Cr₹1.1k Cr₹1.5k Cr₹2.4k Cr₹2.8k Cr
Total assets₹2.2k Cr₹2.6k Cr₹3.1k Cr₹3.9k Cr₹6.9k Cr₹7.5k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +7.00 pp while FIIs trimmed −6.14 pp. The shareholder count shrank 10% to 3,64,057.

Promoters
28.0%
FIIs
23.6%
DIIs
41.6%
Government
0.0%
Public
6.8%

Since Jun 2025

  • DIIs +7.00 pp
  • FIIs −6.14 pp
  • Public −0.87 pp

How it drifted, 12 quarters

Over this window DIIs went from 27.5% to 41.6% — +14.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 29.8%, FIIs 33.4%, DIIs 27.5%, Public 9.4%.Dec '23: Promoters 29.7%, FIIs 32.9%, DIIs 27.9%, Public 9.5%.Mar '24: Promoters 29.7%, FIIs 32.9%, DIIs 28.8%, Public 8.6%.Jun '24: Promoters 29.7%, FIIs 32.0%, DIIs 29.5%, Public 8.8%.Sep '24: Promoters 28.0%, FIIs 33.5%, DIIs 30.9%, Public 7.4%.Dec '24: Promoters 28.0%, FIIs 33.3%, DIIs 31.1%, Public 7.6%.Mar '25: Promoters 28.0%, FIIs 29.9%, DIIs 34.4%, Public 7.6%.Jun '25: Promoters 28.0%, FIIs 29.8%, DIIs 34.6%, Public 7.6%.Sep '25: Promoters 28.0%, FIIs 23.5%, DIIs 40.1%, Public 8.4%.Dec '25: Promoters 28.0%, FIIs 23.9%, DIIs 40.7%, Public 7.3%.Mar '26: Promoters 28.0%, FIIs 23.7%, DIIs 41.5%, Public 6.8%.Jun '26: Promoters 28.0%, FIIs 23.6%, DIIs 41.6%, Government 0.0%, Public 6.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 3 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Sona BLW Precision Forgings Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Aureus Investment Private Limited 28.01%unchanged
SBI Arbitrage Opportunities Fund Mutual fund8.98%newly disclosed
ICICI Prudential Nifty Auto Index Fund Mutual fund6.75%newly disclosed
Government Of Singapore - E Sovereign6.54%unchanged
Axis Mutual Fund Trustee Limited A/C Mutual fund4.77%+1.19 pp
Aditya Birla Sun Life Trustee Private Limited A/C Mutual fund3.62%+0.66 pp
HDFC Value Fund Mutual fund3.34%unchanged
Mirae Asset Aggressive Hybrid Fund Mutual fund1.71%newly disclosed
Monetary Authority of Singapore Sovereign1.56%unchanged
Government Pension Fund Global Sovereign1.39%newly disclosed
Quant Mutual Fund Mutual fund1.37%newly disclosed
HDFC Life Insurance Company Limited Insurer1.31%−0.27 pp

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in SONACOMS

Filings to Aug 2026

1 new, 8 added, 7 trimmed, 1 sold out — net −12.68 L shares (−1.7%).

Held by funds
₹5.8k Cr
39 schemes
Biggest holder
SBI Focused Fund
₹1.5k Cr · 3.0% of that fund
SchemeHoldingLast month
SBI Focused Fund SBI Mutual Fund₹1.5k Crheld
SBI Large Cap Fund SBI Mutual Fund₹813 Crheld
SBI MultiCap Fund SBI Mutual Fund₹407 Crheld
Nippon India Small Cap Fund Nippon India Mutual Fund₹389 Crheld
SBI Balanced Advantage Fund SBI Mutual Fund₹315 Crheld
SBI Automotive Opportunities Fund SBI Mutual Fund₹285 Crheld
SBI Children's Fund - Investment Plan (Erstwhile known as SBI Magnum Children's Benefit Fund- IP) SBI Mutual Fund₹268 Crheld
SBI Flexicap Fund SBI Mutual Fund₹257 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

8 added, 7 trimmed — net −12.68 L shares (−1.7%)

Funds are sitting on
+10%
vs est. average cost
Held by funds
₹5.8k Cr
39 schemes · ≈ 9.3% of the company
Biggest holder
SBI Focused Fund
₹1.5k Cr · 3.0% of that fund
Longest holder
SBI Large Cap Fund
5y 1m · since Aug '21

Shares held by these funds +60%

Aug '23 7.32 cr shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹788, this stock must grow earnings at 39% every year for 7 years. Our analysis caps realistic growth at ~12%. At that growth it is worth ₹202 — downside of 74%.

Growth the price implies
39.4% a year
for 7 years, fading to 4%
It has actually compounded at
13.7% a year
net profit, FY23–FY26 · EPS 12.1%
The gap
0.3 pp
-74% downside if it only repeats history
Price today ₹788 Value at the reference growth ₹202.04

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Sona BLW Precision Forgings Limited

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