NSE: SONACOMS · BSE: 543300
SONA BLW PRECISION FRGS L
Makes driveline gears and electric powertrain components for passenger vehicles, two-wheelers and three-wheelers, and has expanded into railway HVAC systems, locomotive electric panels, and a newly launched Robotics and Physical AI vertical. The order book stood at ₹240 billion in Q1 FY27 — 5.4 times FY26 revenue — with 70% EV content spanning 67 EV programs across 35 customers. Global original equipment manufacturers (OEMs) accounted for 77% of consolidated revenue and India contributed more than half of FY26 revenue, reflecting geographic diversification. Two JVs with DENSO of Japan were signed in July 2026 covering EV and hybrid powertrains at a combined enterprise value of ₹17,500 million, alongside an MoU with Germany's Neura Robotics covering cognitive robotics, autonomous mobile robots and humanoids. Raw materials form the largest cost line at 47.9% of revenue, followed by other operating expenses at 18.7% and employee costs at 9.7%, with capex at 11% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Automotive driveline and powertrain components, Railway systems, Robotics and Physical AI. Auto component supplier with rising EV, railway and robotics exposure
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,131 | 2,676 | 3,185 | 3,555 | 4,475 |
| EBITDA (ex other income) | 572 | 692 | 893 | 956 | 1,056 |
| margin % | 26.9 | 25.9 | 28.1 | 26.9 | 23.6 |
| Owners' profit | 362 | 395 | 0 | 601 | 629 |
| EPS, as reported (₹) | 6.22 | 6.76 | 8.83 | 9.92 | 10.30 |
| ROE % · ROCE % | 18.1 · 20.4 | 17.3 · 21.0 | 18.5 · 21.8 | 10.6 · 13.8 | 10.3 · 13.3 |
| Debt / equity (x) | 0.04 | 0.13 | 0.08 | 0.00 | 0.04 |
| Cash from operations | 445 | 533 | 693 | 775 | 659 |
| Capex | 0 | (335) | (320) | (417) | (492) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 925 | 868 | 868 | 851 | 1,144 | 1,208 | 1,272 | 1,310 |
| Profit before tax | 192 | 203 | 215 | 165 | 228 | 201 | 247 | 241 |
| Net profit | 144 | 151 | 164 | 122 | 170 | 150 | 187 | 179 |
| EPS (₹) | 2.42 | 2.43 | 2.64 | 2.01 | 2.78 | 2.43 | 3.09 | 2.90 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,66,707 | 38.1 | 3.82 | 14.8 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,34,520 | 56.9 | 9.06 | 33.0 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 84,295 | 119.4 | 8.82 | 30.4 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 62,653 | 52.0 | 8.63 | 28.8 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 57,518 | 45.9 | 9.36 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L ◆ | 52,988 | 76.1 | 8.64 | 46.0 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 40,753 | 67.2 | 2.87 | 15.8 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 32,042 | 33.0 | 4.68 | 15.7 | 13.9 | 15.6 | 17.4 | 13.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 76.1 | 25.0 | 108 of 119 | 9% |
| P/B | 8.6 | 3.3 | 105 of 117 | 10% |
| ROCE | 12.9 | 12.6 | 61 of 125 | 52% |
| ROE | 10.3 | 11.7 | 69 of 117 | 41% |
| Debt / Equity | 0.0 | 0.3 | 29 of 117 | 76% |
| EBITDA margin | 25.1 | 12.2 | 10 of 118 | 92% |
| Revenue growth | 54.0 | 20.2 | 3 of 113 | 98% |
| Profit growth | 46.7 | 24.4 | 40 of 115 | 66% |
| Market cap | 52988 | 1455 | 6 of 126 | 96% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · 1.01 million employee stock option shares allotted to staff | capital market events | low | — | — |
| 27 Oct 2026 · Newspaper publication of September 2026 quarter and half-year results | compliance | minimal | — | — |
| 27 Oct 2026 · Sona BLW shares Q2 FY27 earnings call recording | investor communications | low | — | — |
| 26 Oct 2026 · Q2 FY27 revenue and profit hit records; order book reaches Rs 25,100 crore | compliance | low | — | — |
| 26 Oct 2026 · Consolidated Q2 FY27 revenue up 34.9%, net profit up 30.8% year on year | results | high | — | — |
| 26 Oct 2026 · Q2 FY27 revenue rises 35%; order book reaches INR 251 billion | investor communications | medium | — | — |
| 19 Oct 2026 · Sona Comstar Q2 FY27 earnings call rescheduled to 5:00 PM on Oct 26 | board shareholder meetings | low | — | — |
| 9 Oct 2026 · Sona Comstar to announce Q2 FY27 results on October 26, 2026 | board shareholder meetings | low | — | — |
| 8 Oct 2026 · Routine SEBI Regulation 74(5) certificate for Q2 FY26 | compliance | minimal | — | — |
| 6 Oct 2026 · Sona BLW terminates Chennai captive solar power project with Cleantech | strategic transactions | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.