Sona BLW Precision Forgings Ltd: Q1FY27: Growth drivers gain traction

研报英文原文证据摘录

Sona BLW Precision Forgings Ltd: Q1FY27: Growth drivers gain traction

Global Research

23 July 2026ab

First Read

EquitiesSona BLW Precision Forgings Ltd

Q1FY27: Growth drivers gain traction India

Automobile Manufacturers

12-month rating Buy

Strong quarter; new order wins and JVs with Denso strengthen growth outlook

Sona's Q1FY27 results beat both our and consensus estimates, with revenue and 12m price target Rs830.00

profitability coming in ~3% ahead of expectations. The outperformance was driven by

strong execution across its emerging businesses, particularly traction and suspension

Price (23 Jul 2026) Rs719.25

motors. While commodity inflation had a modest impact on margins during the quarter,

the company highlighted that it typically passes on such cost increases with a lag. The RIC: SONB.BO BBG: SONACOMS IB

continued progress in the emerging businesses, along with additional details shared by Trading data and key metrics

management regarding its new joint ventures with Denso (refer our note here),

52-wk range Rs733.20-405.25

reinforces our constructive view on the company. In addition, Sona secured new orders

Market cap. Rs447b/US$4.63b

in the robotics and Physical AI segment and received an order for short-range radar

Shares o/s 621m (ORD)

sensors from an Indian CV OEM. As a result, the robotics and physical AI segment now

accounts for ~3% of the overall order book. Overall, these developments support our Free float 72%

view that the company is successfully diversifying its business and positioning itself for Avg. daily volume ('000) 2,333

future growth through its emerging technology platforms. We maintain our Buy rating Avg. daily value (m) Rs1,436.9

on the stock with a target price of Rs 830 (refer our initiation note). Common s/h equity (03/27E) Rs67.0b