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HomeSHARE MARKETElectric Vehicle Sector Share; Don't Sell, Buy For Huge Returns; ₹1100 Target

Electric Vehicle Sector Share; Don’t Sell, Buy For Huge Returns; ₹1100 Target

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Budget Pick 2024: There is explosive action in the stock market before the budget. There are fluctuations in the market. In this turmoil, selected shares are ready to rise from the current level.

Market experts have advised investing in Sona Blw Precision (NSE: SONACOMS) before the budget for the auto ancillary sector.

Great Stock To Buy

A financial expert has chosen Sona Blw Precision as his budget pick for purchase.

It is a leading company in the automotive technology sector, which designs, manufactures, and develops highly engineered, automotive systems and components.

The company has OEM customers in India, Europe, China and America. There are also facilities in India, USA, Mexico, and China.

Target Of Rs 720 For Long-term

The market expert said that EV supply brings 26% of income. 20 percent of income comes from hybrid.

The company has a huge order book, which is worth Rs 22000 crore, of which orders worth Rs 17000 crore are related to EVs. 

PAT is the fastest-growing company in the auto ancillary sector in terms of CAGR. EPS for FY25 is estimated to be around 16. Therefore, there is an upside target of Rs 720 on the share.

Also if you want to get huge return then just wait and hold 1 to 2 years. It will touch Rs 1100 level.

About Sona Blw Precision Forgings Ltd

Sona BLW Precision Forgings Limited, a company based in India, is involved in the manufacture of precision forged bevel and differential case assemblies.

The Company produces differential assemblies, differential motors, and traction motors for electric vehicles (EVs), including brushless direct current motors (BLDC) or permanent magnet synchronous (PMSM).

It also manufactures motor control units. Driveline technology includes precision-forged couplings and gears.

It has nine manufacturing plants in India, Mexico, the United States, and China.

Fundamental Analysis of Sona Blw Precision Forgings Ltd

Market Cap₹ 34,313 Cr.
Current Price₹ 585
52-wk High₹ 670
52-wk Low₹ 401
Stock P/E69.0
Book Value₹ 41.5
Dividend0.48 %
ROCE22.0 %
ROE18.3 %
Face Value₹ 10.0
P/B Value14.1
OPM28.1 %
EPS₹ 8.34
Debt₹ 386 Cr.
Debt to Equity0.16

Sona Blw Precision Forgings Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹575₹844
2025₹867₹1100
2026₹1155₹1280
2027₹1324₹1400
2028₹1478₹1654
2029₹1700₹1780
2030₹1800₹2200
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Sona Blw Precision Forgings Shareholding Pattern

Promoters Holding
Dec 202253.53%
Mar 202333.00%
June 202329.76%
Sept 202329.76%
Dec 202329.71%
FII Holding
Dec 202211.27%
Mar 202324.69%
June 202331.68%
Sept 202333.35%
Dec 202332.88%
DII Holding
Dec 202224.37%
Mar 202331.28%
June 202328.20%
Sept 202327.50%
Dec 202327.90%
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Public Holding
Dec 202210.83%
Mar 202311.01%
June 202310.35%
Sept 20239.39%
Dec 20239.51%

Sona Blw Precision Forgings Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹699 Cr
2020₹1,038 Cr
2021₹1,566 Cr
2022₹2,131 Cr
2023₹3,043 Cr

Last 5 Years’ Net Profit:

2019₹173 Cr
2020₹360 Cr
2021₹215 Cr
2022₹362 Cr
2023₹490 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.26
20200.2
20210.2
20220.04
20230.1

Last 10 Years’ Profit Growth:

10 Years:
5 Years:38%
3 Years:38%
Current Year:31%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:22%
3 Years:19%
Last Year:18%

Last 10 Years’ Sales Growth:

10 Years:
5 Years:34%
3 Years:37%
Current Year:24%

Conclusion

This article is a complete guide about Sona Blw Precision Forgings Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: ₹32 Mukesh Ambani Invested Company Share; Target ₹44 And ₹82; Long Term ₹111

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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