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Alpha | Sona BLW Precision Forgings Ltd.


Sona BLW Precision Forgings Ltd. – EV Participant

Sona BLW Precision Forgings Ltd. is one among India’s main automotive expertise corporations which designs, manufactures, and provides extremely engineered, mission-critical automotive parts comparable to differential assemblies, gears, standard and micro-hybrid motors, BSG programs, and EV Traction motors throughout all car classes. Initially, the corporate was integrated as “Sona Okegawa Forgings Restricted” in 1995, and subsequently, the title was modified to “Sona BLW Precision Restricted” in 2013. The corporate has 9 manufacturing and meeting services of which 6 are situated in India and one every in China, Mexico, and USA.

Valuation:

The corporate has reputed shopper credentials with a extremely worthwhile self-funded enterprise mannequin which warrants premium valuations. We consider SONACOMS is prone to be the quickest rising India-based Auto ancillary firm with a 30% PAT CAGR over FY22-24E and having vital publicity to the EV phase. Therefore, we suggest a BUY ranking within the inventory with the goal value (TP) of Rs.620, 60x FY22E EPS.

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