Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Sona BLW Precision Forgings Ltd

SONACOMS
Castings, Forgings & Fastners

Sona BLW Precision Forgings Ltd is coiled. The quarters are improving, yet the P/E sits at the 29th percentile of its own 5-year range — the business is moving before the market.

The sharpest disagreement: the price moved +46.9% in a year while annual EPS moved +6.4% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a confirmed uptrend (21 weeks in) while the P/E sits at the 29th percentile of its own 5-year range. Underneath, the last four quarters read improving — profit +46.7% year on year, and 122% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Stage
Mixed
partial read
Price
₹705
+46.9% 1Y
P/E
61.5×
29th pctile
of its own 5-year range
Revenue (Jun 26)
₹1,301 Cr
+52.3% YoY
Profit (Jun 26)
₹179 Cr
+46.7% YoY
Operating margin
23.0%
−1.0 pp YoY
ROCE
14%
FY26
ROIC
12.2%
vs WACC 12.0% → +0.2 pp
Cash conversion
122%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Sona BLW Precision Forgings Ltd trades at ₹705, in a confirmed uptrend and 21 weeks into that stage. That is +27.2% against its own 200-day average. It sits at 100% of a 52-week range of ₹407 to ₹705. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 31 straight weeks.

Today the stock is in a confirmed uptrend — week 21 of stage 2, confirmed. At ₹705 it trades +27.2% versus its 200-day average and sits at 100% of its 52-week range (₹407–₹705).

Jul 26: ₹705 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+27.2% versus the 200-day line, week 21 of stage 2
Price50-day avg200-day avg
S2S4S2₹776₹677₹578₹479₹380₹705₹554Jul 23Apr 24Feb 25Nov 25Jul 26
S2S4S2₹776₹677₹578₹479₹380₹705₹554Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2021 Each cell is one week from 2021 to now (271 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Jun 21Jul 26

Against the market, two honest reads. Cumulative: over the last 5.1 years the stock moved +93% while the NIFTY 500 moved +73% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 31 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 29th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Sona BLW Precision Forgings Ltd trades at 61.5× P/E, near the bottom of its own range — cheaper only 29% of the time. Its long-run median P/E is 72.3×, measured across 5.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 61.5× is near the bottom of its own range — cheaper only 29% of the time, against a long-run median of 72.3× measured over 5.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 61.5× vs a 72.3× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 5.1-year window; loss-period spikes above 189× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 29% of the time
P/EMedianEPS (TTM) (quarterly)
200.9×₹12.6158.6×₹9.5116.3×₹6.373.9×₹3.231.6×₹0.0×61.40×₹12Jun 21Oct 22Feb 24May 25Jul 26
200.9×₹12.6158.6×₹9.5116.3×₹6.373.9×₹3.231.6×₹0.0×61.40×₹12Jun 21Feb 24Jul 26
PEG 2.13 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Last 19 quarters.
above 1.0, the multiple already banks the growth
PEGPEG = 1.0
2.3×2.0×1.6×1.3×0.9××2.13×Q2 FY22Q2 FY23Q3 FY24Q3 FY25Q4 FY26
2.3×2.0×1.6×1.3×0.9××2.13×Q2 FY22Q3 FY24Q4 FY26
P/E
61.5×
29th percentile of 5y
PEG
2.44
as reported

🚨 Why the multiple sits where it does: over the past year annual EPS moved +6.4% against a +46.9% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +11.9%/yr price move, ~+24.4%/yr came from earnings growth and ~−12.5 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Mixed

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Sona BLW Precision Forgings Ltd reads as mixed on its fundamental arc. Mixed — the growth curves are steadily positive, but ROCE at 14.0% is below the 15% bar this page requires to call it Consistent. The read is built from 12 quarters across 4 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
42%33%32%24%22%16%12%6.9%2.1%−1.8%%%39.6%18.1%19.1%Sep 23Dec 24Jun 26
42%33%32%24%22%16%12%6.9%2.1%−1.8%%%39.6%18.1%19.1%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
25%22%19%16%13%%14%FY23FY24FY26
25%22%19%16%13%%14%FY23FY24FY26
Revenue growth
Rising
latest +39.6% · span +4.9% to +39.6%
Profit growth
Rising
latest +18.1% · span +3.6% to +30.8%
EPS growth
Rising
latest +19.1% · span +0.6% to +30.6%
ROCE
Falling
latest 14.0% · span 14.0%–24.0%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Growth, year by year: revenue +25.5% in FY26, profit +4.8% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
54%141%43%78%31%14%20%−49%8.1%−113%%%25.5%4.8%FY18FY22FY26
54%141%43%78%31%14%20%−49%8.1%−113%%%25.5%4.8%FY18FY22FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+39.6%) with the last 8 annualized (+21.0%).
revenue accelerating, profit accelerating
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
42%33%32%24%22%16%12%6.9%2.1%−1.8%%%39.6%18.1%Sep 23Dec 24Jun 26
42%33%32%24%22%16%12%6.9%2.1%−1.8%%%39.6%18.1%Sep 23Dec 24Jun 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+25.5%+18.8%+23.2%
Profit+4.8%+16.8%+23.9%
EPS+6.4%+15.1%+22.3%
Share price+46.9%+8.8%+11.9%
Revenue YoY (Jun 26)
+52.3%
latest quarter vs a year ago
Profit YoY (Jun 26)
+46.7%
latest quarter vs a year ago
Revenue 10y
28.1%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

58.6/100 — rank 5 of 19 in Castings, Forgings & Fastners · 97% evidence confidence

Sona BLW Precision Forgings Ltd scores 58.6 out of 100 against the 19 companies it is compared with in Castings, Forgings & Fastners, ranking 5. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 21.7 + 14 + 6.8 + 16.1 = 58.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Sona BLW Precision Forgings Ltd reported ₹1,301 Cr of revenue in the Jun 26 quarter, +52.3% year on year. That is the 4th straight quarter of year-on-year growth. Over 8 years it has compounded at 28.1% a year. The last full year, FY26, came in at ₹4,449 Cr. The last four reported quarters add to ₹4,897 Cr.

Sona BLW Precision Forgings Ltd reported ₹1,301 Cr of revenue in the Jun 26 quarter, +52.3% year on year. That is the 4th straight quarter of year-on-year growth. Over 8 years it has compounded at 28.1% a year. The last full year, FY26, came in at ₹4,449 Cr. The last four reported quarters add to ₹4,897 Cr.

FY26 revenue came in at ₹4,449 Cr (+25.5% on the year), capping 8 years at 28.1% compound. The latest quarter (Jun 26) printed ₹1,301 Cr, +52.3% year on year — the 4th consecutive quarter of year-over-year growth.

FY26 revenue ₹4,449 Cr (+25.5% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 9-year window. A bar is red when it is lower than the year before.
28.1% a year over 8 years
RevenueYoY growth
4.8k54%3.6k43%2.4k31%1.2k20%08.1%₹ Cr%₹4,44925.5%FY18FY22FY26
4.8k54%3.6k43%2.4k31%1.2k20%08.1%₹ Cr%₹4,44925.5%FY18FY22FY26
Jun 26: ₹1,301 Cr (+52.3% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
4th straight quarter of growth
Revenue (quarterly)YoY growth
1.4k57%1.1k40%70324%3517.7%0−8.7%₹ Cr%₹1,30152.3%Sep 23Dec 24Jun 26
1.4k57%1.1k40%70324%3517.7%0−8.7%₹ Cr%₹1,30152.3%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +39.8% growth against the decade's 28.1% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +39.6% over the last 4 quarters against +21.0%/yr over the last 8 — accelerating; TTM profit +18.1% vs +11.9%/yr — accelerating.

→ Revenue grew — did margins hold as it scaled? Next: 23.0% this quarter (−1.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Sona BLW Precision Forgings Ltd's operating margin is 23.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 23.0% to 29.0%. The current quarter sits inside that band.

Sona BLW Precision Forgings Ltd's operating margin is 23.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 23.0% to 29.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 23.0%, −1.0 pp against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 23.0%–29.0%.

🚨 Why the margin moved: operating margin went −1.5 pp year on year while gross margin went −5.6 pp — the loss came mostly from the gross line: input costs and pricing.

FY26: 24.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 9-year window.
within a 23.0–29.0% band over 9 years
operating marginYoY change (pp)
29%5.9%28%2.7%26%−0.5%24%−3.7%23%−6.9%%%24%−3%FY18FY22FY26
29%5.9%28%2.7%26%−0.5%24%−3.7%23%−6.9%%%24%−3%FY18FY22FY26
Jun 26: 23.0% operating margin (−1.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
31%4.6%29%2.3%27%0.0%24%−2.3%22%−4.6%%%23%−1%Sep 23Dec 24Jun 26
31%4.6%29%2.3%27%0.0%24%−2.3%22%−4.6%%%23%−1%Sep 23Dec 24Jun 26

→ Margins slipped — did that reach the bottom line? Next: profit +46.7% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Sona BLW Precision Forgings Ltd earned ₹179 Cr of net profit in the Jun 26 quarter, +46.7% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹629 Cr. The 8-year compound rate is 29.8%. That is 13.8% of the quarter's revenue. The same quarter a year earlier earned ₹122 Cr.

Sona BLW Precision Forgings Ltd earned ₹179 Cr of net profit in the Jun 26 quarter, +46.7% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹629 Cr. The 8-year compound rate is 29.8%. That is 13.8% of the quarter's revenue. The same quarter a year earlier earned ₹122 Cr.

Jun 26 profit was ₹179 Cr, +46.7% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹629 Cr (+4.8%), and the 8-year compound rate is 29.8%.

FY26 profit ₹629 Cr (+4.8% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 9-year window. A bar is red when it is lower than the year before.
29.8% a year over 8 years
Net profitYoY growth
679135%50988%34041%170−6.3%0−53%₹ Cr%₹6294.8%FY18FY22FY26
679135%50988%34041%170−6.3%0−53%₹ Cr%₹6294.8%FY18FY22FY26
Jun 26: ₹179 Cr (+46.7% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
2nd straight quarter of growth
Net profit (quarterly)YoY growth
20252%15134%10116%50−1.3%0−19%₹ Cr%₹17946.7%Sep 23Dec 24Jun 26
20252%15134%10116%50−1.3%0−19%₹ Cr%₹17946.7%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed +52.3% and the margin −1.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +19.5% vs revenue +39.8%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

→ Profit rose — but did the cash follow? Next: 122% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 122% of Sona BLW Precision Forgings Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹659 Cr of operating cash against ₹629 Cr of profit. After ₹1,815 Cr of capital spending, ₹−1,156 Cr was left as free cash.

FY26: operating cash of ₹659 Cr against reported profit of ₹629 Cr, leaving free cash of ₹−1,156 Cr after ₹1,815 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 122% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹659 Cr vs profit ₹629 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 9-year window, annual resolution. FY19 reflects an acquisition year — point shown clipped.
122% of 3-year profit arrived as cash
Operating cashNet profitFree cash
929369−191−750−1.3k₹ Cr₹659₹629₹−1,156FY18FY22FY26
929369−191−750−1.3k₹ Cr₹659₹629₹−1,156FY18FY22FY26
FY26: CFO = 105% of profit (three-year rate 122%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
201%165%129%93%57%%105%FY18FY22FY26
201%165%129%93%57%%105%FY18FY22FY26

Why conversion sits at 122%: the cash cycle tightened 22 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: the bigger cash user is investment — capital spending ran 4.1× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹3,156 Cr of building over 3 years.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Sona BLW Precision Forgings Ltd's cash conversion cycle runs 121 days in FY26, down from 143 days in FY21. Capital spending ran ₹3,156 Cr over the last 3 years. At FY26 sales of ₹4,449 Cr each day of that cycle holds about ₹12.2 Cr, so roughly ₹1,475 Cr sits inside the business at any moment.

FY26: debtors at 94 days, inventory at 107 days — roughly 3.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 121 days, tighter than FY21's 143.

The full loop: cash goes out to suppliers and production on day 0; stock waits 107 days to sell; customers pay about 94 days after that; and suppliers themselves are paid at 80 days — netting out to the 121-day cycle.

In money terms: at FY26 sales of ₹4,449 Cr, each day of the cycle holds about ₹12.2 Cr — so the 121-day loop keeps roughly ₹1,475 Cr sitting inside the business at any moment.

FY26: a 121-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 9-year window.
−22 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
77158239420516days121d107d94d80dFY18FY20FY22FY24FY26
77158239420516days121d107d94d80dFY18FY22FY26

On the investment side: capital spending of ₹3,156 Cr over the last 3 fiscal years against ₹762 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹427 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹1,815 Cr, work-in-progress ₹427 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
2.0k1.3k6700−659₹ Cr₹1,815₹427FY19FY20FY22FY24FY26
2.0k1.3k6700−659₹ Cr₹1,815₹427FY19FY22FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 14% and the ROIC − WACC spread is +0.2 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Sona BLW Precision Forgings Ltd earns a ROCE of 14% in FY26. Return on invested capital clears the cost of that capital by +0.2 percentage points, so growth here adds value rather than only size. The wiring behind it is 14.1% net margin on 0.60× asset turns.

FY26 ROCE is 14%.

Why the return is what it is — the wiring (FY26): 14.1% net margin × 0.60× asset turns × 1.25× balance-sheet leverage ≈ 10.6% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 12.2% − 12.0% = a +0.2 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.

FY26: ROCE 14% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 8-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the full ladder
ROCEROIC (annual)WACC
54%43%32%20%8.9%%14%13.9%FY19FY22FY26
54%43%32%20%8.9%%14%13.9%FY19FY22FY26
Q4 FY26: ROCE 12.2% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
22%19%16%13%10%%12.2%14.1%Q1 FY24Q2 FY25Q4 FY26
22%19%16%13%10%%12.2%14.1%Q1 FY24Q2 FY25Q4 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.07.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Sona BLW Precision Forgings Ltd carries total debt of ₹442 Cr against shareholder equity of ₹6,132 Cr as of Mar 26, a debt-to-equity of 0.07 — effectively unlevered. On the annual view that ratio went from 0.08 in FY22 to 0.07 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹442 Cr against shareholder equity of ₹6,132 Cr — a debt-to-equity of 0.07. On the annual view, debt-to-equity went from 0.08 (FY22) to 0.07 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹442 Cr at 0.07× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
4770.16×3580.13×2390.10×1190.06×00.03×₹ Cr×₹4420.07×FY22FY24FY26
4770.16×3580.13×2390.10×1190.06×00.03×₹ Cr×₹4420.07×FY22FY24FY26
Mar 26: debt ₹442 Cr, debt-to-equity 0.07 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
4770.16×3580.13×2390.10×1190.06×00.03×₹ Cr×₹4420.07×Jun 23Sep 24Mar 26
4770.16×3580.13×2390.10×1190.06×00.03×₹ Cr×₹4420.07×Jun 23Sep 24Mar 26

→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 12.1 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions added 12.1 points of Sona BLW Precision Forgings Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 41.6% of the company. Foreign institutions moved −8.4 points over the same window, to 23.6%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +12.1 points over 8 quarters to 41.6%; Foreign institutions: −8.4 points over 8 quarters to 23.6%; Promoters: −1.7 points over 8 quarters to 28.0%.

Why the register moved: rotation — foreign institutions −8.4 points against domestic institutions +12.1 points over 8 quarters, with promoters −1.7 points — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.

Fiscal-year ends: promoters −1.7 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
44%34%24%14%4.0%%28.0%23.7%41.5%6.8%Mar 24Mar 25Mar 26
44%34%24%14%4.0%%28.0%23.7%41.5%6.8%Mar 24Mar 25Mar 26
Domestic institutions added 12.1 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
44%34%24%14%4.0%%28.0%23.6%41.6%6.8%Jun 23Dec 24Jun 26
44%34%24%14%4.0%%28.0%23.6%41.6%6.8%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Sona BLW Precision Forgings Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · Castings, Forgings & Fastners Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Sona BLW Precision Forgings Ltd this page61.5×₹44,707 CrMixed
Bharat Forge Ltd91.1×₹1L CrMixed
CIE Automotive India Ltd17.5×₹15,696 CrTurning around
Happy Forgings Ltd51.0×₹15,247 CrConsistent
Ramkrishna Forgings Ltd92.0×₹10,579 CrDeteriorating
Kennametal India Ltd52.2×₹6,116 CrDeteriorating
Balu Forge Industries Ltd20.3×₹5,264 CrMixed
Uniparts India Ltd19.3×₹3,113 CrMixed
Steelcast Ltd35.9×₹3,103 CrTopping out
Sundaram Clayton Ltd₹3,005 CrNo read
M M Forgings Ltd27.2×₹2,664 CrDeteriorating
Amic Forging Ltd70.5×₹1,992 CrNo read
Amic Forging Ltd58.9×₹1,485 Cr
Gala Precision Engineering Ltd40.4×₹1,469 CrTurning around
Nelcast Ltd24.1×₹1,170 CrTurning around
Alicon Castalloy Ltd26.6×₹1,044 CrMixed
Tirupati Forge Ltd151.0×₹951 CrTurning around
Uni Abex Alloy Products Ltd19.8×₹932 CrNo read
Synergy Green Industries Ltd186.0×₹927 CrMixed
Sterling Tools Ltd36.7×₹882 CrMixed
Uni Abex Alloy Products Ltd16.7×₹581 CrTurning around
12 · Frequently asked questions

Frequently asked questions

What is Sona BLW Precision Forgings Ltd's share price today?

Sona BLW Precision Forgings Ltd trades at ₹705, +46.9% over the past year. The company is valued at ₹44,707 Cr. The stock sits at 100% of its 52-week range of ₹407–₹705, +27.2% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 21 weeks in. — as of 24 July 2026.

What were Sona BLW Precision Forgings Ltd's latest quarterly results?

Sona BLW Precision Forgings Ltd reported revenue of ₹1,301 Cr and net profit of ₹179 Cr for the Jun 26 quarter. Revenue rose 52.3% and profit rose 46.7% year on year. Earnings per share were ₹2.90. The operating margin was 23.0%, 1.0 pp lower than a year earlier. — as of 24 July 2026.

What is Sona BLW Precision Forgings Ltd's revenue?

Sona BLW Precision Forgings Ltd reported revenue of ₹1,301 Cr in the Jun 26 quarter, +52.3% year on year. For the full FY26 fiscal year, revenue was ₹4,449 Cr (+25.5%). Over the last 8 years revenue compounded at 28.1% a year. — as of 24 July 2026.

What is Sona BLW Precision Forgings Ltd's profit?

Sona BLW Precision Forgings Ltd earned ₹179 Cr of net profit in the Jun 26 quarter, +46.7% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹629 Cr. The operating margin ran 23.0% in the latest quarter. — as of 24 July 2026.

What is Sona BLW Precision Forgings Ltd's market cap?

Sona BLW Precision Forgings Ltd's market capitalisation is ₹44,707 Cr at a share price of ₹705. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Sona BLW Precision Forgings Ltd's P/E ratio?

Sona BLW Precision Forgings Ltd trades at a P/E of 61.5×, at the 29th percentile of its own 5-year range, against a long-run median of 72.3×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Sona BLW Precision Forgings Ltd pay a dividend?

Yes — Sona BLW Precision Forgings Ltd's dividend payout was 33% of profit in FY26, and it recorded a payout in 7 of its last 9 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.

Is Sona BLW Precision Forgings Ltd overvalued?

On its own history, Sona BLW Precision Forgings Ltd looks cheap against its own history: its P/E of 61.5× has been cheaper only 29% of the time in 5 years (long-run median 72.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Sona BLW Precision Forgings Ltd growing?

Yes — Sona BLW Precision Forgings Ltd is growing: latest-quarter revenue +52.3% year on year, profit +46.7%, and the margin −1.0 pp at 23.0%. The 8-year compound rates are 28.1% (revenue) and 29.8% (profit). The earnings engine currently reads: improving — as of 24 July 2026.

How is Sona BLW Precision Forgings Ltd performing?

Sona BLW Precision Forgings Ltd is in a confirmed uptrend, 21 weeks in. Its latest quarter's revenue rose 52.3% and profit rose 46.7% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 31 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is Sona BLW Precision Forgings Ltd in?

Mixed — the growth curves are steadily positive, but ROCE at 14.0% is below the 15% bar this page requires to call it Consistent. The read comes from the last 12 quarters of growth (revenue growth +39.6% latest, profit growth +18.1% latest, eps growth +19.1% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Sona BLW Precision Forgings Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 21 of stage 2), trading +27.2% versus its 200-day average and at 100% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Sona BLW Precision Forgings Ltd beating the market?

On recent form, yes — Sona BLW Precision Forgings Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 31 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 5.1 years the stock moved +93% against the NIFTY 500's +73% — ahead of the index over the full window. — as of 24 July 2026.

Will Sona BLW Precision Forgings Ltd's share price go up?

This page publishes no price forecast for Sona BLW Precision Forgings Ltd. What it measures instead: the share price is ₹705, the price is in a confirmed uptrend 21 weeks in. Its P/E of 61.5× sits at the 29th percentile of its own 5-year range. — as of 24 July 2026.

Who owns Sona BLW Precision Forgings Ltd?

Promoters hold 28.0% of Sona BLW Precision Forgings Ltd, foreign institutions 23.6%, domestic institutions 41.6% and the public 6.8% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 12.1 points over 8 quarters. — as of 24 July 2026.

Does Sona BLW Precision Forgings Ltd have too much debt?

No — Sona BLW Precision Forgings Ltd's debt-to-equity is 0.07, and operating profit covers the interest bill 47×. FY26 borrowings were ₹442 Cr against equity of ₹5,983 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.

What is Sona BLW Precision Forgings Ltd's capex?

Sona BLW Precision Forgings Ltd spent ₹3,156 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹1,815 Cr, with ₹427 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Sona BLW Precision Forgings Ltd's cash flow?

Sona BLW Precision Forgings Ltd generated ₹659 Cr of operating cash flow in FY26 and ₹−1,156 Cr of free cash flow after ₹1,815 Cr of capital spending. Reported profit that year was ₹629 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Sona BLW Precision Forgings Ltd's profit real cash?

Yes — over the last 3 fiscal years, 122% of Sona BLW Precision Forgings Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹659 Cr against reported profit of ₹629 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.

Where is Sona BLW Precision Forgings Ltd in its business cycle?

Sona BLW Precision Forgings Ltd's FY26 operating margin was 24.0%, against a 9-year band of 23.0%–29.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 23.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Sona BLW Precision Forgings Ltd story?

The sharpest disagreement: the price moved +46.9% in a year while annual EPS moved +6.4% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Sona BLW Precision Forgings Ltd a stock worth studying right now?

This is not investment advice. The machine read: Sona BLW Precision Forgings Ltd is coiled. The quarters are improving, yet the P/E sits at the 29th percentile of its own 5-year range — the business is moving before the market. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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