Sona BLW Precision Share Price

The Revenue for the quarter ended  September 2022 of Rs. 5992.15 millions grew by 15.47 % from Rs. 5189.39 millions.A humble growth in net profit of 10.95% reported in the quarter ended September 2022 to Rs. 832.59  millions from Rs. 750.45 millions.Operating profit surged to 1536.42 millions from the corresponding previous quarter of 1349.14 millions.

The sales moved up 42.92% to Rs. 6162.71 millions for the December 2022 quarter as compared to Rs. 4311.86 millions during the year-ago period.A good growth in profit of 25.60% reported to Rs. 955.93  millions over Rs. 761.07 millions of corresponding previous quarter.Operating profit for the quarter ended December 2022 rose to 1724.54 millions as compared to 1205.83 millions of corresponding quarter ended December 2021.

A decent increase of about 42.92% in the sales to Rs. 6162.71 millions was observed for the quarter ended December 2022. The sales figure stood at Rs. 4311.86 millions during the year-ago period.A good growth in profit of 25.60% reported to Rs. 955.93  millions over Rs. 761.07 millions of corresponding previous quarter.The company reported a good operating profit of 1724.54 millions compared to 1205.83 millions of corresponding previous quarter.

A decent increase of about 42.92% in the sales to Rs. 6162.71 millions was observed for the quarter ended December 2022. The sales figure stood at Rs. 4311.86 millions during the year-ago period.A good growth in profit of 25.60% reported to Rs. 955.93  millions over Rs. 761.07 millions of corresponding previous quarter.The company reported a good operating profit of 1724.54 millions compared to 1205.83 millions of corresponding previous quarter.

Sona BLW Precision Forgings has informed about media release.

The above information is a part of company’s filings submitted to BSE.

In terms of trading restrictions placed by the Company's Code of Conduct for regulating, monitoring and reporting of trading by Designated Persons formulated in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, Sona BLW Precision Forgings has informed that the Trading Window for dealing in securities of the Company will remain closed from Friday, 16th September, 2022 till 48 hours after the declaration of financial results for the quarter and half year ended on 30th September, 2022.

The above information is a part of company’s filings submitted to BSE.

Sona BLW Precision Forgings has informed that it enclosed a press release today titled ‘Sona Comstar partners with Ashoka University to promote Women Scholars'.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sona BLW Precision Forgings has informed that it enclosed schedule for the Investor Group Meeting to be held today, 1 st December 2022 at 4:00 pm IST. The details are also made available at the Company’s website www.sonacomstar.com. 

The above information is a part of company’s filings submitted to BSE.

Sona BLW Precision Forgings has informed that it enclosed the link of Audio/Video recording of Investor Meeting held on Monday, 9th January, 2023, in respect of acquisition of majority stake in NOVELIC.

The above information is a part of company’s filings submitted to BSE.

The acquisition is expected to be EPS accretive for Sona Comstar from 1st year and offers strong growth opportunities over the medium term

Sona BLW Precision Forgings is currently trading at Rs. 437.05, up by 14.55 points or 3.44% from its previous closing of Rs. 422.50 on the BSE.

The scrip opened at Rs. 446.00 and has touched a high and low of Rs. 447.55 and Rs. 431.55 respectively. So far 65269 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 795.00 on 17-Jan-2022 and a 52 week low of Rs. 397.35 on 26-Dec-2022.

Last one week high and low of the scrip stood at Rs. 447.55 and Rs. 407.30 respectively. The current market cap of the company is Rs. 24714.32 crore.

The promoters holding in the company stood at 53.59%, while Institutions and Non-Institutions held 36.08% and 10.33% respectively.

Sona BLW Precision Forgings (Sona Comstar) has signed an agreement to acquire a 54% equity stake in NOVELIC, a Serbia-based company founded in 2012, that is a leading provider of mmWave radar sensors, perception solutions and full-stack embedded systems. ADAS sensors are a fast-growing category in the automotive industry. It is one of the very few profitable, high-tech, and fast-growing companies in the ADAS Sensor space.

The acquisition is expected to be EPS accretive for Sona Comstar from 1st year and offers strong growth opportunities over the medium term. NOVELIC’s CY22 Revenue and PAT is estimated at Euro 9.3 mn and Euro 2.5 mn respectively, and it has been profitable every year since its inception.

In line with its strategic roadmap, Sona Comstar is foraying into the ADAS sensor market.  NOVELIC is vertically integrated across the value chain from machine learning and perception software to hardware and chip design; its partners include global automotive OEMs, autonomous vehicle makers, Tier-1s and chip manufacturers like Infineon and Texas Instruments. With the acquisition of Novelic, Sona Comstar has started building its third business vertical of ADAS Sensors and Software to address the megatrends of increasing vehicle autonomy and automation.

Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.

Sona BLW Precision Forgings has informed that it enclosed the link of Audio/Video recording of Investor Call held on Tuesday, 24th January, 2023, in respect of the financial results of the Company for the quarter and nine months ended on 31st December, 2022. The said results were approved by the Board in their meeting held on 24th January, 2023. Link of recording of investor call: https://sonacomstar.com/investor/investorpresentations.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III, Sona BLW Precision Forgings has informed that India Ratings & Research has revises Company’s Outlook to Positive from Stable and affirming Company’s Long Term Issuer Rating at ‘IND AA’. It has enclosed the press release issued by India Ratings & Research dated 28th February, 2023.

The above information is a part of company’s filings submitted to BSE.

The shares were sold at an average price of Rs 410.04 apiece, taking the transaction value to Rs 4,917.43 crore

Sona BLW Precision Forgings is currently trading at Rs. 429.75, up by 23.95 points or 5.90% from its previous closing of Rs. 405.80 on the BSE.

The scrip opened at Rs. 415.10 and has touched a high and low of Rs. 436.25 and Rs. 410.15 respectively. So far 250853 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 706.75 on 21-Mar-2022 and a 52 week low of Rs. 397.35 on 26-Dec-2022.

Last one week high and low of the scrip stood at Rs. 463.50 and Rs. 403.50 respectively. The current market cap of the company is Rs. 25315.82 crore.

The promoters holding in the company stood at 53.53%, while Institutions and Non-Institutions held 35.64% and 10.83% respectively.

Private equity firm Blackstone has divested its 20.50 per cent stake in Sona BLW Precision Forgings for Rs 4,917 crore through an open market transaction. Blackstone, through its affiliate Singapore VII Topco III Pte offloaded the shares in Sona BLW. Singapore VII Topco III Pte is a promoter entity in Sona BLW.

According to bulk deal data available with the BSE, Singapore VII Topco III Pte offloaded 11,99,25,641 shares, amounting to 20.50 per cent stake in the company. The shares were sold at an average price of Rs 410.04 apiece, taking the transaction value to Rs 4,917.43 crore. Monetary Authority of Singapore, Government of Singapore, BNP Paribas Arbitrage, Fidelity Asian Values Plc, Societe Generale, among others were the buyers of the shares.

Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.

Sona BLW Precision Forgings  has informed that the exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund.

The above information is a part of company’s filings submitted to BSE.

Rs.1.2800 per share(12.8%)Interim Dividend

Quarterly Results & Interim Dividend

Quarterly Results

Rs.0.7700 per share(7.7%)Final Dividend

Audited Results & Final Dividend

Rs.0.7700 per share(7.7%)Interim Dividend

Quarterly Results & Interim Dividend

Quarterly Results

Quarterly Results

The stocks were sold on an average price of Rs 509.10 on the BSE

Blackstone through an entity Singapore VII Topco III PTE has sold total 7.94 crore shares or 13.6 per cent stake in Sona BLW Precision Forgings. The stocks were sold on an average price of Rs 509.10 on the BSE with the transaction size aggregating to Rs 4,044 crore. The shares were picked up by the Government of Singapore and SBI Mutual Fund among others.

Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.

The company started production of these indigenous traction motors at its Chennai plant in November 2020

Sona BLW Precision Forgings (Sona Comstar) has achieved the 100,000 EV traction motor production milestone. The company’s R&D team designed and developed the EV traction motors in-house and launched them for production in 2020.

The company started production of these indigenous traction motors at its Chennai plant in November 2020. While it took 17 months to reach cumulative production of 50,000, the company doubled it in just four months.

Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.

The program will benefit fourteen meritorious and deserving women students from economically weaker backgrounds for three years

Sona BLW Precision Forgings has signed Memorandum of understanding (MoU) with Ashoka University to provide scholarship to eligible Women Scholars pursuing Computer Science or Mathematics as their major/minor in the undergraduate program. The program will benefit fourteen meritorious and deserving women students from economically weaker backgrounds for three years. 

Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.

Total consolidated income of the company increased by 12.62% at Rs 660.22 crore for Q2FY23

Sona BLW Precision Forgings has reported results for second quarter ended September 30, 2022.

The company has reported a rise of 10.95% in its net profit at Rs 83.26 crore for the quarter under review as compared to Rs 75.04 crore for the same quarter in the previous year. Total income of the company increased by 14.85% at Rs 606.35 crore for Q2FY23 as compared Rs 527.95 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 4.90% in its net profit at Rs 92.55 crore for the quarter under review as compared to Rs 88.23 crore for the same quarter in the previous year. Total income of the company increased by 12.62% at Rs 660.22 crore for Q2FY23 as compared Rs 586.25 crore for the corresponding quarter previous year.

The acquisition is expected to be EPS accretive for Sona Comstar from 1st year and offers strong growth opportunities over the medium term

Sona BLW Precision Forgings (Sona Comstar) has signed an agreement to acquire a 54% equity stake in NOVELIC, a Serbia-based company founded in 2012, that is a leading provider of mmWave radar sensors, perception solutions and full-stack embedded systems. ADAS sensors are a fast-growing category in the automotive industry. It is one of the very few profitable, high-tech, and fast-growing companies in the ADAS Sensor space.

The acquisition is expected to be EPS accretive for Sona Comstar from 1st year and offers strong growth opportunities over the medium term. NOVELIC’s CY22 Revenue and PAT is estimated at Euro 9.3 mn and Euro 2.5 mn respectively, and it has been profitable every year since its inception.

In line with its strategic roadmap, Sona Comstar is foraying into the ADAS sensor market.  NOVELIC is vertically integrated across the value chain from machine learning and perception software to hardware and chip design; its partners include global automotive OEMs, autonomous vehicle makers, Tier-1s and chip manufacturers like Infineon and Texas Instruments. With the acquisition of Novelic, Sona Comstar has started building its third business vertical of ADAS Sensors and Software to address the megatrends of increasing vehicle autonomy and automation.

Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.

The shares were sold at an average price of Rs 410.04 apiece, taking the transaction value to Rs 4,917.43 crore

Private equity firm Blackstone has divested its 20.50 per cent stake in Sona BLW Precision Forgings for Rs 4,917 crore through an open market transaction. Blackstone, through its affiliate Singapore VII Topco III Pte offloaded the shares in Sona BLW. Singapore VII Topco III Pte is a promoter entity in Sona BLW.

According to bulk deal data available with the BSE, Singapore VII Topco III Pte offloaded 11,99,25,641 shares, amounting to 20.50 per cent stake in the company. The shares were sold at an average price of Rs 410.04 apiece, taking the transaction value to Rs 4,917.43 crore. Monetary Authority of Singapore, Government of Singapore, BNP Paribas Arbitrage, Fidelity Asian Values Plc, Societe Generale, among others were the buyers of the shares.

Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.