Rs 22,600 crore order book: LIC-backed auto stock with high ROE & high ROCE reports 31 per cent increase in net profit in FY24; FIIs & DIIs increase stake!

With 39 new program wins and five new customer additions, the net order book has increased to Rs 22,600 crore from Rs 21,500 crore as of March 31, 2023.

Sona BLW Precision Forgings Ltd, an Indian automotive technology company, designs, manufactures, and supplies a range of engineered automotive systems and components. Their products include differential assemblies, gears, motors (conventional, micro-hybrid, and electric vehicle traction), and BSG systems, catering to all vehicle categories. They also develop both mechanical and electrical hardware systems, along with software solutions for both the base and application levels.

According to Quarterly Results (Q4FY24) and annual results (FY24), the company reported stellar results. Here are the details:

Key Financial Highlights – Q4FY24

• Revenue of Rs 885 crore with 19 per cent YoY growth.
• Revenue share from Battery Electric Vehicles (BEV) at 32 per cent, BEV revenue growth of 34 per cent YoY
• EBITDA of Rs 248 crores with a margin of 28 per cent and 23 per cent YoY growth.
• PAT of Rs 149 crore with a net profit margin of 16.7 per cent and 24 per cent YoY growth.
• EVs programs contribute 79 per cent to the net order book of Rs 22,600 crore as of March 31, 2024.

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Key Financial Highlights – FY24

• Revenue of Rs 3,185 crores with 19 per cent YoY growth.
• Revenue share from Battery Electric Vehicles (BEV) at 29 per cent, BEV revenue growth of 32 per cent YoY.
• EBITDA of Rs 902 crores with an EBITDA margin of 28.3 per cent and 30 per cent YoY growth.
• PAT of Rs 517 crore with a net profit margin of 16.3 per cent and 31 per cent YoY growth.
• With 39 new program wins and five new customer additions, the net order book has increased to Rs 22,600 crore from Rs 21,500 crore as of March 31, 2023.

Sona BLW Precision Forgings, an Indian automotive technology company, designs, manufactures, and supplies a range of engineered automotive systems and components. Their products include differential assemblies, gears, motors (conventional, micro-hybrid, and electric vehicle traction), and BSG systems, catering to all vehicle categories. They also develop both mechanical and electrical hardware systems, along with software solutions for both the base and application levels.

According to quarterly results (Q4FY24) and annual results (FY24), the company reported stellar results. Here are the details:

Key Financial Highlights – Q4FY24

• Revenue of Rs 885 crore with 19 per cent YoY growth.
• Revenue share from Battery Electric Vehicles (BEV) at 32 per cent, BEV revenue growth of 34 per cent YoY
• EBITDA of Rs 248 crores with a margin of 28 per cent and 23 per cent YoY growth.
• PAT of Rs 149 crore with a net profit margin of 16.7 per cent and 24 per cent YoY growth.
• EVs programs contribute 79 per cent to the net order book of Rs 22,600 crore as of March 31, 2024.

Key Financial Highlights – FY24

• Revenue of Rs 3,185 crores with 19 per cent YoY growth.
• Revenue share from Battery Electric Vehicles (BEV) at 29 per cent, BEV revenue growth of 32 per cent YoY.
• EBITDA of Rs 902 crores with an EBITDA margin of 28.3 per cent and 30 per cent YoY growth.
• PAT of Rs 517 crore with a net profit margin of 16.3 per cent and 31 per cent YoY growth.
• With 39 new program wins and five new customer additions, the net order book has increased to Rs 22,600 crore from Rs 21,500 crore as of March 31, 2023.

On Monday, shares of Sona BLW Precision Forgings Ltd zoomed 1.40 per cent to an intraday day high of Rs 619 per share. The stock has an ROE of 21 per cent and an ROCE of 24 per cent. As of March 2024, FIIs increased their stake to 32.93 per cent and DIIs increased their stake to 28.77 per cent compared to December 2023. As of March 2024, Life Insurance Corporation of India (LIC) owns a 1.53 per cent stake in the company. Investors should keep an eye on this auto stock.

Disclaimer: The article is for informational purposes only and not investment advice.