Sona BLW Precision Forgings share price today

Sona BLW Precision Forgings Ltd's share price was ₹890.50 at the close on 30 October 2026. It has been rising for 36 weeks. That is 31.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹456 and ₹891, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Sona BLW Precision Forgings Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 47 weeks in a row.

Over the last 5.3 years the share price moved +144% while the NIFTY 500 moved +63%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: highest quarterly profit in 16 quarters, revenue up on a year earlier for 5 quarters in a row and highest quarterly revenue in 16 quarters.

1. Highest quarterly profit in 16 quarters

   Profit of ₹223 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Profit was higher because the company sold much more and its core business profit rose.

   Next results: check if higher material costs and the product mix keep pulling the profit margin down.

   From the earnings call on 26 Oct 2026.

2. Revenue up on a year earlier for 5 quarters in a row

   In the September 2026 quarter revenue was ₹1,536 crore, +35% on a year earlier.

   Why: Revenue rose because sales of battery electric vehicles jumped, and they made up almost half of auto sales.

   Next results: check if the suspension motor business wins new customers beyond the one it already has.

   From the earnings call on 26 Oct 2026.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹1,536 crore in the September 2026 quarter is the highest of the last 16 quarters.

For July to September 2026 (the quarter ended 30 September 2026), Sona BLW Precision Forgings reported revenue of ₹1,536 crore, up 35.0% from ₹1,138 crore a year earlier, and a profit of ₹223 crore, up 31.2% from ₹170 crore.

Sona BLW Precision Forgings results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Sona BLW Precision Forgings' management discussed these results on a call held on 26 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Sona BLW Precision Forgings closed at ₹890.50 on 30 October 2026, up 88.4% from ₹472.75 a year earlier (31 October 2025) and up 37.5% over five years. Its highest weekly close since June 2021 was ₹890.50 on 30 October 2026.

Sona BLW Precision Forgings share price: then and now

Weekly closing prices. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

287 weekly closes from 25 June 2021 to 30 October 2026.

30 Oct 2026: Sona BLW Precision Forgings closed at ₹890.50, up 18.3% on the week and up 10.6% on the month. 26 Oct 2026: Sona BLW Precision Forgings held its results call for July to September 2026. Management guided: Operating margin range of 23-25% retained for the medium term.

Earlier

• Results for July to September 2026: Revenue up 35.0% and profit up 31.2% on a year earlier.
• 25 Jun 2026: ex-date for a dividend of ₹1.80 a share, record date 26 Jun 2026.
• 30 Jan 2026: ex-date for an interim dividend of ₹1.60 a share.

Sona BLW Precision Forgings paid ₹3.40 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.38% at the ₹890.50 close on 30 October 2026. The last was a dividend of ₹1.80 a share, ex-date 25 June 2026.

Sona BLW Precision Forgings dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Sona BLW Precision Forgings Ltd paid out 33% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 9 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 26 October 2026, Sona BLW Precision Forgings' management guided: Operating margin range of 23-25% retained for the medium term.

“I do not think there is any reason to change our range.Vivek Vikram Singh, margin outlook, on the call for July to September 2026

What management guided

• Consolidated growth aspiration of about 25% yearly growth in the medium term.
• DENSO JV1 carve-out planned by end-December, with possible January spillover; JV2 completion planned in H1 CY27.
• Railway growth led by product introductions over the next three years, with the pipeline supporting growth over the next five years.
• Robotics hardware demonstrations planned for Bharat Expo in February.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 26 October 2026.

What is changing at Sona BLW Precision Forgings, from the latest results and calls: ev order book conversion (₹237 bn, 70% ev, 67 programs), india geographic dominance (50%+ revenue mix, best-ever quarters across pv/cv/e2w) and suspension motors hypergrowth (fastest-growing segment, 3-4x fy27).

• EV Order Book Conversion (₹237 Bn, 70% EV, 67 programs). ₹237 billion order book with 70% EV exposure across 67 programs and 35 customers provides multi-year revenue visibility at ~5x last 12 months revenue. ⚠ estimate
• India Geographic Dominance (50%+ revenue mix, best-ever quarters across PV/CV/E2W). India crossed 50% of FY26 full-year revenue while maintaining 24-25% operating margin, directly refuting the market's margin-dilution concern about India mix. ⚠ estimate
• Suspension Motors Hypergrowth (fastest-growing segment, 3-4x FY27). Suspension motors launched ~1 year ago; customer extended to second premium model; guided 3-4x growth vs FY26 and double-digit percentage of total revenue by FY27-end. ⚠ estimate
• European Supply-Chain Consolidation (4 wins in Q4, first 3 European wins in history). Peer bankruptcies in European driveline (est. ₹400-500 million euro revenue at risk of redistribution) flowing into Sona RFQ pipeline at Stage 3-4 of sales cycle. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

EV order book ₹237 Bn, 70% EV mix, 67 programs across 35 customers at FY26 end; 37 in production, 30 in development.

✓ fact

Our read after the latest results, written 17 May 2026.

Operating profit guidance revised from 25-27% (Apr 2025) → 23.5-25% (Aug 2025) → 24-26% (Oct-Jan) → 23-25% (Apr 2026) without explanation, each revision lower, traction mix + Haryana wages + railway integration all additive headwinds.

The main risks

• Margin band creep, four silent resets, structural not cyclical: Operating profit guidance revised from 25-27% (Apr 2025) → 23.5-25% (Aug 2025) → 24-26% (Oct-Jan) → 23-25% (Apr 2026) without explanation, each revision lower, traction mix + Haryana wages + railway integration all additive headwinds. ⚠ estimate
• North America EV market weakness, nearly halved in FY26: North America went from largest market to ~25% of revenue after nearly halving; US BEV sales -28% on a year earlier; tariff environment adds procurement slowdowns. ✓ fact
• Suspension motor ramp execution risk (FY27 double-digit goal is aggressive): Suspension motors launched only ~1 year ago; aiming for 10-20% of total revenue (₹445-890 Cr) in FY27 from a low base, execution risk is real. ✓ fact

Our read after the latest results, written 17 May 2026.

When Sona BLW Precision Forgings reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Margin percentage versus absolute operating profit as pass-through catches up - check whether input-cost pressure and mix effects ease.

Sona BLW Precision Forgings is on 3 of our India lists: Momentum stocks, 52 week high & low and Small & mid cap stocks.

Sona BLW Precision Forgings Ltd earned ₹223 Cr of net profit in the Sep 2026 quarter, +31.2% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹629 Cr. Over 8 years profit has grown 29.8% a year on average. That is 14.5% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹170 Cr.

For the full year, FY26 profit was ₹629 Cr (+4.8% on the year before).

Why profit moved: revenue changed +35.0% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +22.8% and revenue +42.7%. Profit is growing slower than sales: rising costs are taking part of the growth.

Sona BLW Precision Forgings Ltd reported ₹1,536 Cr of revenue in the Sep 2026 quarter, +35.0% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 8 years it has grown 28.1% a year on average. The last full year, FY26, came in at ₹4,449 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The order book has been maintained at Rs 235-237 billion despite active grooming (Rs 36 billion of low-visibility programs removed in Oct 2025). 67 EV programs (37 in production, 30 in development) across 35 customers, vs 64 programs at Q3 FY26. The Q4 win of 4 driveline orders including 3 European OEMs in a single quarter is the most significant development: it ends a 4-year European EV drought and opens a structurally new competitive-share window from peer bankruptcies and supply-chain consolidation in Europe. Management characterizes supply chain constraints (not demand) as the limiting factor on production, a positive signal on order quality.

The last four reported quarters add to ₹5,295 Cr.

FY26 revenue was ₹4,449 Cr, +25.5% on the year before.

Recent pace: the last four quarters grew +42.7% on average, against 28.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +42.1%, against +23.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +21.7%, against +14.1% a year (accelerating).

Sona BLW Precision Forgings Ltd's operating margin was 23.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 9 years it has been between 23.0% and 29.0%. The latest quarter is within that range.

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

Why this happened. Q4 FY26 delivered 3 European OEM wins: (1) new customer for EV differential gears for North American program; (2) luxury EV OEM for differential assemblies in Europe; (3) existing OEM for hybrid differentials. RFQ pipeline at 3x YoY levels, ~one-third from European distress situations. Conversion timelines 12-30 months. This is the most important structural development in 4 years for Sona's competitive positioning, if sustainable into FY27, it materially upgrades the revenue trajectory.

Why the margin moved: operating margin changed −2.4 percentage points on the year while gross margin changed −3.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 122% of Sona BLW Precision Forgings Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹659 Cr of operating cash against ₹629 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹1,815 Cr of spending on assets, free cash was −₹1,156 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 122% of profit came in as cash: the cash cycle got 22 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 4.1× depreciation over three years. The next section checks what that spending is building.

Sona BLW Precision Forgings Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 121 days in FY26, down from 143 days in FY21. It spent ₹3,156 Cr on assets over the last 3 years. Customers take 94 days to pay, and stock sits for 107 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,449 Cr, each day of that cycle ties up about ₹12.2 Cr, so roughly ₹1,475 Cr is tied up in the business at any time.

FY26: customers took 94 days to pay and stock sat for 107 days, about 3.5 months of sales sitting as stock, for a full cycle of 121 days, shorter than FY21's 143.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 107 days. Customers pay about 94 days after that. Suppliers are paid at 80 days. Together that makes the 121-day cycle.

Spending on assets: ₹3,156 Cr over the last 3 years, against ₹762 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹427 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Sona BLW Precision Forgings Ltd's P/E is 71.7×, in the middle of its own history: higher than 49% of past readings. Its usual P/E (the middle reading) is 72.2×, over 5.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹12.00.

Why the multiple is where it is: over the past year earnings per share moved +6.4% while the price moved +88.4%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 5 years the price moved +6.6% a year; about +26.3% a year came from earnings growth and about −19.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Sona BLW Precision Forgings Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 15.4%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: steady growth with healthy returns is how a business compounds over time.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Sona BLW Precision Forgings Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: NEAR TROUGH.

NOT YET CHECKED

From the numbers. Ratio to median 0.71 (below 0.85 threshold = strong OPPORTUNITY matrix label). EPS recovering: Rs 2.01 → Rs…

From the price. Price stage 2, week 36, above its 200-day line, relative strength rising.

From the research. A precision-forging compounder mid-pivot to EV diversification, European supply-chain reset and India dominance give it two more years of double-digit growth, but margin resets and three management consistency failures…

Where they disagree. Ratio to median 0.71 (below 0.85 threshold = strong OPPORTUNITY matrix label). EPS recovering: Rs 2.01 → Rs 3.09 across Q1-Q4 FY26. FIIs stake-cutting aggressively (33.55% → 23.89%), DIIs absorbing (30.95% → 40.74%).

What is not proven yet. EBITDA guidance revised from 25-27% (Apr 2025) → 23.5-25% (Aug 2025) → 24-26% (Oct-Jan) → 23-25% (Apr 2026) without explanation, each revision lower, traction mix + Haryana wages + railway integration all additive headwinds.

The test written in advance. Margin band creep, four silent resets, structural not cyclical. Measured by: Margin band creep, four silent resets, structural not cyclical Q1 FY27 EBITDA margin: must stay at or above 23% floor by the next result.

The test written in advance. Rare earth magnet supply, China restrictions on heavy rare earth unresolved. Measured by: Rare earth magnet supply, China restrictions on heavy rare earth unresolved Monthly production data; 4W traction motor commercialization update by the next result.

The test written in advance. Management consistency failures, three documented reversals in Apr 2026 concall. Measured by: Management consistency failures, three documented reversals in Apr 2026 concall Any further guidance shift in Q1 FY27 concall, particularly on suspension motor revenue share, EBITDA floor, or M&A by the next result.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

• 1 · Operating leveragebuilding
• 2 · Value-added mixquiet
• 3 · Management changequiet
• 4 · Paying down debtbuilding
• 5 · Regulatory approvalquiet
• 6 · Order-book winsbuilding
• 7 · Consolidationquiet
• 8 · Demerger or value unlockquiet
• 9 · Buybackbuilding
• 10 · New geographiesbuilding
• 11 · More business from existing customersbuilding
• 12 · New product launchquiet
• 13 · Mandatory normsquiet
• 14 · A bigger market to servequiet
• 15 · Market-share gainsquiet
• 16 · Asset qualityquiet

Lever 6 · Order-book wins: building. Rs 237 billion order book with 70% EV exposure across 67 programs and 35 customers provides multi-year revenue visibility at ~5x TTM revenue. What proves it keeps working: EV Order Book Conversion (Rs 237 Bn, 70% EV, 67 programs). It stops working if Q1 FY27 EBITDA margin: must stay at or above 23% floor.

Lever 10 · New geographies: building. India crossed 50% of FY26 full-year revenue while maintaining 24-25% EBITDA margins, directly refuting the market's margin-dilution concern about India mix. What proves it keeps working: India Geographic Dominance (50%+ revenue mix, best-ever quarters across PV/CV/E2W). It stops working if Q1 FY27 EBITDA margin: must stay at or above 23% floor.

Lever 11 · More business from existing customers: building. Suspension motors launched ~1 year ago; customer extended to second premium model; guided 3-4x growth vs FY26 and double-digit percentage of total revenue by FY27-end. What proves it keeps working: Suspension Motors Hypergrowth (fastest-growing segment, 3-4x FY27). It stops working if Q1 FY27 EBITDA margin: must stay at or above 23% floor.

Lever 1 · Operating leverage: building. Peer bankruptcies in European driveline (est. Rs 400-500 million euro revenue at risk of redistribution) flowing into Sona RFQ pipeline at Stage 3-4 of sales cycle. What proves it keeps working: European Supply-Chain Consolidation (4 wins in Q4, first 3 European wins in history). It stops working if Q1 FY27 EBITDA margin: must stay at or above 23% floor.

Sources: our stock research file (17 May 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

What Sona BLW Precision Forgings Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

Suspension Motor Launch Performance Recharacterized · 26 October 2026. In April 2026, management described the initial customer vehicle and product acceptance as performing very well. In October 2026, management said the first model did not perform well and attributed the outcome to pricing or consumer choice, creating a materially different account of the launch that could affect assumptions about suspension-motor demand and ramp-up.

Robotics Inflection Timing Confidence Retreat · 26 October 2026. In July 2026, management said the robotics business was developing faster than its internal assumptions and that its milestones would arrive earlier than usual. In October 2026, management declined to identify an inflection point and said it did not know when it would occur, representing a material reduction in timing confidence that management did not reconcile with its earlier acceleration assessment.

Unexplained EV Order Book Mix Reduction · 23 July 2026. In the Jan 2026 and Apr 2026 calls, management reported that EVs represented 71% and 70% of the net order book, respectively.

EBITDA Margin Band Revised Downward Without Explanation · 30 April 2026. Both prior calls (Oct 2025 and Jan 2026) consistently and explicitly established a post-railway-acquisition EBITDA margin goal band of 24-26%, with management in Jan 2026 specifically stating the band would not change. In the Apr 2026 call, with no explanation provided, management revised this band down to 23-25%, lowering both the floor and ceiling by 1 percentage point - a silent downward revision that is notable since the interviewer herself cited the 24-26% prior guidance before management corrected it.

Every quote above is taken word for word from the company’s own earnings calls.

Sona BLW Precision Forgings Ltd earned a ROCE of 14% in FY26. Its return on capital used (ROIC) is 0.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 14.1% net margin and 0.60× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 14.1% net margin × 0.60× asset turnover × 1.25× leverage (assets divided by equity) ≈ 10.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 12.3% − 12.0% = +0.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

The 12.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 13.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Sona BLW Precision Forgings Ltd has total debt of ₹662 Cr against shareholder equity of ₹6,569 Cr as of Sep 2026, so its debt is 0.10× its equity, which is very little. Year by year, that ratio went from 0.08 in FY22 to 0.07 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Why this happened. Railway integration progressing on three-pronged growth path: (1) process improvements for current customer demand, (2) white-space product coverage (brakes, couplers, suspensions), (3) new product commercialization scaling from year 3+. HVAC 3+ year approval cycle; electrical panels 12-15 month penetration. Novellic in-cabin radar (NCAP 2027) SOP end-2024 from Tamil Nadu. Management explicitly flagged railway as margin-dilutive but return-accretive, magnitude unquantified.

Domestic institutions raised their stake in Sona BLW Precision Forgings Ltd by 10.3 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 41.2% of the company. Foreign institutions moved −9.7 points over the same period, to 23.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Why this happened. Company claims largest or top-2 EV 2W motor supplier by volume globally. 3W segment accelerating faster than anticipated. LRE magnets now deliver equivalent performance to heavy rare earth with engineering modifications. Traction contributed 50% of Q4 margin dilution, a structural watch item as the segment's lower margin drags consolidated OPM. Volume inflections on existing programs plus new customer inquiries constitute the near-term catalyst.

Over the last two years: Domestic institutions: +10.3 points over 8 quarters, to 41.2%; Foreign institutions: −9.7 points over 8 quarters, to 23.9%; Promoters: −0.1 points over 8 quarters, to 27.9%.

Why the owners changed: foreign institutions moved −9.7 points and domestic institutions +10.3 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

For Sona BLW Precision Forgings Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

65.2 out of 100, rank 3 of 20 in Castings, Forgings & Fastners, with 100% of the evidence available.

Sona BLW Precision Forgings Ltd scores 65.2 out of 100 against the 20 companies it is compared with in Castings, Forgings & Fastners, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 23.7 + 15.7 + 6.5 + 19.3 = 65.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Sona BLW Precision Forgings ranks 3 of 20 Castings, Forgings & Fastners companies on the 4-Factor Sector Score, with 65.2 out of 100.