Sona BLW Precision Forgings Limited
3,486words
15turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
24%
13%
20%
25.3%
14.9%
17%
32%
10%
3%
4%
24.6%
Guidance — 9 items
Notes
opening
“PAT margin percentage calculated from PAT including non-controlling interest Includes product revenue from PV, CV, OHV, E2W, E3W vehicle segments 5 H1 FY26 Financial Performance Highlights 19,944 mn | 10% 4,916 mn | -3% 2,975 mn | 4% Revenue | YoY Growth EBITDA | YoY Growth PAT1 | YoY Growth 24.6% EBITDA Margin 14.6% PAT Margin2 15.8% RoCE3 12.8% RoE4”
Notes
opening
“Based EV Motor 20 Q2 & H1 FY26 Financial Update Our Exhibition Booth at Indian Railway Equipment Exhibition (IREE) 2025 Q2 FY26 Financials Revenue (Rs.”
Notes
opening
“Revenue includes net gain from foreign exchange PAT margin percentage calculated from PAT including non-controlling interest 22 H1 FY26 Financials Revenue (Rs.”
Notes
opening
“Revenue includes net gain from foreign exchange PAT margin percentage calculated from PAT including non-controlling interest 23 FCFO of INR 1,427 mn in H1 FY26 Free Cash Flow from Operations: INR 1,427 mn 26,725 3,398 (1,971) Numbers in Rs.”
Note
opening
“EBITDA margin 27.4% Revenue CAGR 23.0% 26,756 21,306 15,663 12,201 19,944 H1FY26 FY12– FY16 Avg.”
Note
opening
“EBITDA margin 25.0% Revenue CAGR 10.6% FY99– FY11 Avg.”
Note
opening
“EBITDA margin 21.5% Revenue CAGR 50.6% 16 9 9 Y F 120 223 183 221 0 0 Y F 1 0 Y F 2 0 Y F 3 0 Y F 399 4 0 Y F 697 910 1,135 1,348 1,174 1,492 2,207 2,807 2,616 3,309 3,456 3,653 6,088 6,992 5,033 5 0 Y F 6 0 Y F 7 0 Y F 8 0 Y F 9 0 Y F 0 1 Y F 1 1 Y F 2 1 Y F 3 1 Y F 4 1 Y F 5 1 Y F 6 1 Y F 7 1 Y F 8 1 Y F 9 1 Y F 0 2 Y F 1 2 Y F 2 2 Y F 3 2 Y F 4 2 Y F 5 2 Y F”
Notes
opening
“29 Guided by Values Agility 24% Growth 5-year Revenue CAGR Vitality Integrity Frugality 27% Margins 5-year Avg.”
Notes
opening
“Data Source: a) BofA Global Automobiles Report; b) Ricardo Report; c) EV-Volumes; d) Vahan Database; Company Analysis Capacity as of March 2025 31 BEV revenue and BEV revenue share1 over the years 29% 8,859 25% 26% 6,707 5,042 14% 2,057 36% 12,235 30% 9,504 H1FY26 Annualized 4,752 H1FY26 FY21 FY22 FY23 FY24 FY25 FY26 BEV Segment Revenue (Rs.”
Risks & concerns — 1 flagged
Net order book means the aggregate revenue from awarded programs which are either yet to start production or are yet to fully ramp up, in the next 10 years, after adjusting for the negative impact of all programs that are expected to reach end of life or be phased out.
— Notes
Speaking time
11
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Opening remarks
Notes
1. 2. PAT margin percentage calculated from PAT including non-controlling interest Includes product revenue from PV, CV, OHV, E2W, E3W vehicle segments 5 H1 FY26 Financial Performance Highlights 19,944 mn | 10% 4,916 mn | -3% 2,975 mn | 4% Revenue | YoY Growth EBITDA | YoY Growth PAT1 | YoY Growth 24.6% EBITDA Margin 14.6% PAT Margin2 15.8% RoCE3 12.8% RoE4
Notes
1. 2. 3. PAT margin percentage calculated from PAT including non-controlling interest ROCE = LTM EBIT/(Average tangible capital employed + capital deployed for acquiring NOVELIC) ROE = LTM PAT/(Average tangible net worth + capital deployed for acquiring NOVELIC) 6 Update on our Strategic Priorities Our Radar Sensors for in-cabin and short-range applications Update on our Strategic Priorities Electrification Global Market Significance Diversification Technology 8 Sizeable and Increasing Presence in EVs 30% H1 FY26 BEV Share in Automotive Product Revenue1 4,752 mn H1 FY26 BEV revenue -21% H1 FY26 BEV revenue YoY growth 60 (15+16+29)2 EV Programs2 awarded across 32 customers as at the end of Q1 FY26 +2 62 (19+14+29)2 EV Programs2 awarded across 32 customers as at the end of Q2 FY26
Notes
1. 2. Includes product revenue from PV, CV, OHV, E2W, E3W vehicle segments Include only BEV and PHEV programs currently in serial production as well as in the orderbook; numbers in brackets to be read as (# of programs in fully ramped up production + # of programs in ramp-up + # of programs not yet in production) 9 We have added 2 new vehicle models and 1 new end customer for the Suspension Motor order we won from ClearMotion in FY22 Integrated Motor Controller Module (Motor + Controller + Software) For Electric PV Existing Customer ₹ 6,400 mn Lifetime value from this model New Age Asian OEM of Electric PVs Q2 FY27 Start of Production For Electric PV ₹ 1,800 mn Lifetime value from this model New Customer European OEM of Luxury Performance PVs Q2 FY27 Start of Production 10 Our Strategic Priorities Electrification Global Market Significance Diversification Technology 11 Our net order book1 stands at ₹236 billion (6.8x FY25 revenue) 262 bn Orderbook at the end of Q1 FY26 36* bn Orders co
Non-EV
₹58 billion (24%) # of Programs # of Customers 51% 18 10 PV 10% 15 11 9% 10 9 8% 20 11 5% 24 8 11% 69 21 6% 2W &3W CV &OHV PV CV OHV Railway
Notes
1. Net order book means the aggregate revenue from awarded programs which are either yet to start production or are yet to fully ramp up, in the next 10 years, after adjusting for the negative impact of all programs that are expected to reach end of life or be phased out. We have also applied a discount to accommodate any unforeseen delays or changes in program launches that may happen in the future. Railway business order book is based on the purchase orders received from the customers to be executed largely within next 12 months 2. 12 We have won our first program for Driveline Mexico Plant to supply differential assembly for a North American recreational vehicle OEM Differential Assembly For Recreational Off-highway Vehicle Existing Customer North American OEM of Recreational Off-highway Vehicles ₹ 2,600 mn addition in our orderbook Q2 FY28 Start of Production 13 Our Strategic Priorities Electrification Global Market Significance Diversification Technology 14 Diversified Revenue Mix
Notes
1. 2. Revenue includes net gain from foreign exchange PAT margin percentage calculated from PAT including non-controlling interest 22 H1 FY26 Financials Revenue (Rs. mn) 1 EBITDA (Rs. mn) EBITDA Margin (%) PAT (Rs. mn) 2 PAT Margin (%) BEV YoY: 10% 18,181 19,944 6,000 H1 FY25 4,752 H1 FY26 o Our overall revenue grew by 10% during the first half of the year o BEV Revenue declined by 21% and constituted 30% of total automotive product sales YoY: -3%% 5,061 4,916 27.8% 24.6% YoY: 4% 2,859 2,975 15.7% 14.6% H1 FY25 H1 FY26 H1 FY25 H1 FY26 o EBITDA margin is lower by ~3.2% largely due to adverse product mix and operating leverage o PAT margin is lower by ~1.1% due to lower EBITDA margin transmission of despite higher net finance income