Sona BLW Precision Forgings Ltd. – EV Participant
Sona BLW Precision Forgings Ltd. is one in all India’s main automotive know-how corporations which designs, manufactures, and provides extremely engineered, mission-critical automotive parts comparable to differential assemblies, gears, typical and micro-hybrid motors, BSG programs, and EV Traction motors throughout all car classes. Initially, the corporate was included 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 services 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 vital publicity to the EV section. Therefore, we suggest a BUY score within the inventory with the goal worth (TP) of Rs.620, 60x FY22E EPS.
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