{"id":25068,"date":"2022-09-19T17:48:51","date_gmt":"2022-09-19T12:18:51","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=25068"},"modified":"2022-09-19T17:54:52","modified_gmt":"2022-09-19T12:24:52","slug":"alpha-sona-blw-precision-forgings-ltd-equity-research-desk","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/alpha-sona-blw-precision-forgings-ltd-equity-research-desk\/25068","title":{"rendered":"Alpha | Sona BLW Precision Forgings Ltd.- Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/FI_Alpha-SonaBLWLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"983\" height=\"467\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-2.png\" alt=\"\" class=\"wp-image-25069\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-2.png 983w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-2-300x143.png 300w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/Alpha-New-2-768x365.png 768w\" sizes=\"(max-width: 983px) 100vw, 983px\" \/><\/a><\/figure>\n\n\n\n<h3><strong>Sona BLW Precision Forgings Ltd. \u2013 EV Player<\/strong><\/h3>\n\n\n\n<p>Sona BLW Precision Forgings Ltd. is one of India\u2019s leading automotive technology companies which designs, manufactures, and supplies highly engineered, mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems, and EV Traction motors across all vehicle categories. Initially, the company was incorporated as \u201cSona Okegawa Forgings Limited\u201d in 1995, and subsequently, the name was changed to \u201cSona BLW Precision Limited\u201d in 2013. The company has 9 manufacturing and assembly facilities of which 6 are located in India and one each in China, Mexico, and USA. <\/p>\n\n\n\n<h3><strong>Valuation:<\/strong><\/h3>\n\n\n\n<p>The company has reputed client credentials with a highly profitable self-funded business model which warrants premium valuations. We believe SONACOMS is likely to be the fastest growing India-based Auto ancillary company with a 30% PAT CAGR over FY22-24E and having significant exposure to the EV segment. Hence, we recommend a BUY rating in the stock with the target price (TP) of Rs.620, 60x FY22E EPS.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/09\/FI_Alpha-SonaBLWLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"534\" height=\"66\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png\" alt=\"\" class=\"wp-image-23892\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png 534w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report-300x37.png 300w\" sizes=\"(max-width: 534px) 100vw, 534px\" \/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sona BLW Precision Forgings Ltd. \u2013 EV Player Sona BLW Precision Forgings Ltd. is one of India\u2019s leading automotive technology companies which designs, manufactures, and supplies highly engineered, mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems, and EV Traction motors across all vehicle categories. Initially, the company was incorporated [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":25069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[744,813,200,746,812,517,745,810,811,272],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alpha | Sona BLW Precision Forgings Ltd.- Equity Research Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/alpha-sona-blw-precision-forgings-ltd-equity-research-desk\/25068\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha | Sona BLW Precision Forgings Ltd.- Equity Research Desk\" \/>\n<meta property=\"og:description\" content=\"Sona BLW Precision Forgings Ltd. \u2013 EV Player Sona BLW Precision Forgings Ltd. is one of India\u2019s leading automotive technology companies which designs, manufactures, and supplies highly engineered, mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems, and EV Traction motors across all vehicle categories. 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