Alpha | Sona BLW Precision Forgings Ltd.

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Sona BLW Precision Forgings Ltd. – EV Participant

Sona BLW Precision Forgings Ltd. is one in every of India’s main automotive know-how firms which designs, manufactures, and provides extremely engineered, mission-critical automotive elements equivalent to differential assemblies, gears, standard and micro-hybrid motors, BSG techniques, and EV Traction motors throughout all automobile classes. Initially, the corporate was integrated as “Sona Okegawa Forgings Restricted” in 1995, and subsequently, the identify was modified to “Sona BLW Precision Restricted” in 2013. The corporate has 9 manufacturing and meeting amenities of which 6 are situated in India and one every in China, Mexico, and USA.

Valuation:

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

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