# Sona Blw Precision Forgings (SONACOMS) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/sonacoms

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹900
- Change: -1.67%
- As of: 2026-11-06
- 1D return: -1.67%
- 5D return: +1.07%
- 1M return: +13.49%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

SONACOMS (₹900.0) is in a confirmed uptrend across daily, weekly, and monthly timeframes, trading above all key moving averages and the Supertrend. The trend is strongest on the weekly horizon (ADX 45.02), supported by an established daily trend (ADX 26.76). Price is near recent highs, sitting +89.5% into its 20-day range and +96.1% into its 252-day range. Recent volatility was extreme, with a +17.4% weekly move on Oct 30 and an +8.9% daily surge on Oct 27, both accompanied by high volume ratios. Despite this strength, the stock pulled back -1.7% from the previous close of ₹915.25 to close at ₹900.0, testing immediate support near ₹889.23 (-1.20%). Annualized volatility stands at +33.9%, and the current drawdown is -1.7% against a maximum historical drawdown of -32.2%.

- Trend Structure: Bullish alignment across all timeframes; price trades above EMA/SMA 20/50/200 and Supertrend. Weekly ADX (45.02) indicates strong conviction.
- Range Position: Trading near upper extremes (+89.5% of 20-day range, +96.1% of 252-day range), suggesting limited upside cushion before resistance.
- Key Levels: Immediate resistance at ₹903.97 (pivot, +0.44%) and ₹929.98 (high, +3.33%); support at ₹889.23 (low, -1.20%) and ₹863.22 (low, -4.09%).
- Risk & Volatility: High participation noted in late October anomalies; annualized volatility is +33.9% with ATR at 3.19%. Current drawdown is mild at -1.7%.

- Outside Bar
- Bearish Engulfing Reversal
- Inside Bar

### News Context

Sona Comstar (Sona BLW Precision Forgings Ltd) signaled a scaling phase in early November 2026, with its Managing Director stating that annual capital investments are expected to rise from the current ₹500–600 crore range to support R&D and capacity expansion. This investment increase coincides with the company securing new orders worth ₹3,600 crore during the September quarter, indicating active business growth. Concurrently, brokerages highlighted the stock for the Diwali Muhurat Trading window; Shriram Research included Eternal Limited (a related entity within the Sona group) in its bullish picks, while Axis Securities assigned buy ratings to Sona BLW itself, citing technical momentum and upside potential of up to 50%. These external views reflect analyst optimism but remain distinct from the company’s operational announcements.

- Capital Expenditure Outlook: MD projects annual capex to increase beyond the current ₹500–600 crore band to fund R&D and capacity expansion as operations scale.
- Order Book Growth: The company secured new orders valued at ₹3,600 crore in the September quarter, providing visibility into near-term revenue streams.
- Brokerage Sentiment: Axis Securities issued buy ratings for Sona BLW with target prices implying up to 50% upside, while Shriram Research identified Eternal Limited as a top pick for Samvat 2083.

- [Diwali 2026 Muhurat Trading stock picks: Eternal, ICICI, Titan, Radico, 7 more Samvat 2083 stocks by Shriram Research](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-eternal-icici-l-t-titan-to-radico-11-stocks-shriram-research-is-bullish-on-in-samvat-2083-11793796674218.html)
- [Diwali picks: HAL, Kotak Bank, TechM, Sona BLW, Auro Pharma among top picks for upto 50% upside](https://www.businesstoday.in/markets/stocks/story/diwali-picks-hal-kotak-bank-techm-sona-blw-auro-pharma-among-top-picks-for-upto-50-upside-565067-2026-11-02)
- [Sona Comstar expects annual investments to rise from Rs 500-600 cr as business grows: MD](https://economictimes.indiatimes.com/industry/auto/auto-components/sona-comstar-expects-annual-investments-to-rise-from-rs-500-600-cr-as-business-grows-md/articleshow/135418034.cms)
- [Sona Comstar expects annual investments to rise from ₹500-600 cr as business grows: MD | Mint](https://www.livemint.com/focus/sona-comstar-expects-annual-investments-to-rise-from-rs-500-600-cr-as-business-grows-md-11793507808754.html)

### Official Filings

Sona BLW Precision Forgings Limited reported record financial performance for Q2 and H1 FY27 (ended September 30, 2026), driven by strong demand in the electric vehicle sector. Revenue grew 35% year-on-year to ₹1,546 crore in Q2, with EBITDA rising 23% to ₹356 crore. Battery Electric Vehicle (BEV) revenue reached an all-time high, contributing 51% of automotive sales in Q2 and 48% in H1, supported by a 129% year-on-year growth in EV business volume. The company secured ₹36 billion in new orders during the quarter, bringing the net order book to ₹251 billion, backed by 75 EPIC Mobility programs across 37 customers. Management maintained its EBITDA margin guidance of 23-25%, noting pressure from product mix shifts and inflation. Additionally, the Driveline Division received the 2026 Deming Prize for Total Quality Management.

On the corporate action front, the Nomination and Remuneration Committee approved the allotment of 10,07,121 equity shares under the ESOP Scheme 2023 on October 27, 2026. This increased the issued and paid-up share capital from ₹6,24,17,02,740 to ₹6,25,17,73,950. Regarding joint ventures with Denso, the company provided timelines for closure: JV1 (carve-out) is targeted for December 2026/January 2027, while JV2 is targeted for the first half of calendar year 2027.

- Q2 FY27 revenue grew 35% YoY to ₹1,546 crore, with BEV revenue hitting an all-time high share of 51% of automotive sales.
- Net order book stands at ₹251 billion after securing ₹36 billion in new wins; management maintains EBITDA margin guidance of 23-25% despite mix/inflation pressures.
- ESOP allotment of 10,07,121 shares increased paid-up capital to ₹6,25,17,73,950 as of October 27, 2026.
- Joint Venture closures with Denso are scheduled: JV1 by Dec 2026/Jan 2027 and JV2 in H1 CY2027.

- [Sona Blw Precision Forgings Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_31102026183421_Intimation.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026072251_Intimation.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026092909_Intimation.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Allotment of equity shares under ESOP Scheme 2023 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026213429_NRC_Outcome.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/SONACOMS_26102026162612_IPP.pdf)
- [Sona Blw Precision Forgings Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SONACOMS_26102026170351_All_1.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange regarding a press release dated October 26, 2026, titled "Press Release for Q2 financial results". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/SONACOMS_26102026172559_Press_release.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746130_26102026063537_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746131_26102026063544_WEB.xml)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_19102026174716_Sona_Comstar_Intimation__Revise_.pdf)

### Fundamentals

Sona BLW Precision Forgings (SONACOMS) demonstrates strong top-line momentum with TTM sales reaching ₹4,834 crore, up 43% on a compounded basis, and Q2 FY2026-27 revenue rising sequentially to ₹1,546 crore. Net profit has grown robustly, with TTM net profit at ₹778 crore and quarterly figures increasing from ₹179 crore in Q1 to ₹223 crore in Q2 FY2026-27. However, earnings quality faces pressure: CFO/EBITDA conversion dropped significantly to 76% in Mar 2026 from 99% in Mar 2025, coinciding with a sharp deterioration in the Cash Conversion Cycle to 121 days from 75 days. This is driven by rising Debtor Days (95 days) and Inventory Days (103 days). Balance sheet leverage has increased, with borrowings jumping to ₹526 crore as of Sep 2026, while fixed assets expanded to ₹3,205 crore. Despite these working capital strains, return metrics remain healthy, with ROCE at 15% and ROE at 12% for the last year. Institutional interest has shifted, with DIIs increasing their stake to 41.21% while FIIs reduced theirs to 23.86% by Sep 2026.

- Revenue growth remains robust with TTM sales at ₹4,834 crore (+43% CAGR) and sequential Q2 FY2026-27 revenue of ₹1,546 crore.
- Earnings quality concerns are emerging as CFO/EBITDA conversion fell to 76% in Mar 2026, alongside a widened Cash Conversion Cycle of 121 days due to higher debtor and inventory holding periods.
- Borrowings have risen sharply to ₹526 crore as of Sep 2026, supporting asset expansion but increasing leverage; ROCE stands at 15%.
- Shareholding pattern shows DII dominance (41.21%) replacing FII weight (23.86%), reflecting changing institutional sentiment.

### Bull Case

Sona BLW Precision Forgings presents a conditional upside case anchored by strong order momentum and multi-timeframe technical strength. The company secured ₹3,600 crore in new orders during the September quarter, signaling robust demand that supports future revenue visibility. Management expects annual capital investments to rise from the current ₹500–600 crore range to scale operations and fund R&D, indicating confidence in long-term growth trajectories.

Technically, the stock exhibits bullish structures across daily, weekly, and monthly timeframes as of 6 November 2026, with the Supertrend indicator aligned positively on all horizons. The share price closed at ₹900.00, reflecting significant recent appreciation: +89.8% year-to-date and +86.4% over the past year. While short-term volatility is evident with a -1.7% one-day return and an annualized volatility of +33.9%, the broader trend remains upward. A key condition for this constructive view is sustained execution of the planned capacity expansion; any delay in deploying the increased capital could temper the near-term momentum.

- Secured ₹3,600 crore in new orders in the September quarter, providing visible future revenue potential.
- Bullish Supertrend alignment confirmed on daily, weekly, and monthly charts as of 6 November 2026.
- Management plans to increase annual capital investment beyond the current ₹500–600 crore range to support R&D and capacity scaling.
- Stock has gained +89.8% year-to-date and +86.4% over the trailing year, closing at ₹900.00 with high trading volume.

- [Diwali 2026 Muhurat Trading stock picks: Eternal, ICICI, Titan, Radico, 7 more Samvat 2083 stocks by Shriram Research](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-eternal-icici-l-t-titan-to-radico-11-stocks-shriram-research-is-bullish-on-in-samvat-2083-11793796674218.html)
- [Diwali picks: HAL, Kotak Bank, TechM, Sona BLW, Auro Pharma among top picks for upto 50% upside](https://www.businesstoday.in/markets/stocks/story/diwali-picks-hal-kotak-bank-techm-sona-blw-auro-pharma-among-top-picks-for-upto-50-upside-565067-2026-11-02)
- [Sona Comstar expects annual investments to rise from Rs 500-600 cr as business grows: MD](https://economictimes.indiatimes.com/industry/auto/auto-components/sona-comstar-expects-annual-investments-to-rise-from-rs-500-600-cr-as-business-grows-md/articleshow/135418034.cms)
- [Sona Comstar expects annual investments to rise from ₹500-600 cr as business grows: MD | Mint](https://www.livemint.com/focus/sona-comstar-expects-annual-investments-to-rise-from-rs-500-600-cr-as-business-grows-md-11793507808754.html)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_31102026183421_Intimation.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026072251_Intimation.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026092909_Intimation.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Allotment of equity shares under ESOP Scheme 2023 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026213429_NRC_Outcome.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/SONACOMS_26102026162612_IPP.pdf)
- [Sona Blw Precision Forgings Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SONACOMS_26102026170351_All_1.pdf)

### Bear Case

Sona BLW Precision Forgings presents a mixed risk profile characterized by high valuation sensitivity and elevated capital intensity. The stock has delivered substantial returns, including +89.8% year-to-date and +86.4% over the past year, which may limit near-term upside and increase vulnerability to profit-booking or sentiment shifts. Concurrently, the company faces significant operational constraints: it anticipates annual capital investments rising from ₹500–600 crore to fund R&D and capacity expansion, potentially straining free cash flow despite securing ₹3,600 crore in new orders. Market volatility remains a key risk factor, with an annualized volatility of +33.9% and a historical maximum drawdown of -32.2%. Technically, the stock is trading at ₹900.0, just 0.44% below a pivot resistance level of ₹903.97, suggesting limited immediate room for upward movement without breaking through this barrier.

- High return sensitivity: Year-to-date return of +89.8% and one-year return of +86.4% indicate strong prior performance that may constrain future gains or increase downside risk during corrections.
- Capital intensity pressure: Management expects annual capex to rise from the current ₹500–600 crore range to support scaling, which could impact liquidity despite ₹3,600 crore in secured orders.
- Elevated volatility: Annualized volatility stands at +33.9%, with a historical maximum drawdown of -32.2%, reflecting significant price fluctuation risk for investors.
- Technical resistance proximity: Current price of ₹900.0 is within 0.44% of a pivot resistance level at ₹903.97, indicating potential short-term selling pressure at this threshold.

- [Diwali 2026 Muhurat Trading stock picks: Eternal, ICICI, Titan, Radico, 7 more Samvat 2083 stocks by Shriram Research](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-eternal-icici-l-t-titan-to-radico-11-stocks-shriram-research-is-bullish-on-in-samvat-2083-11793796674218.html)
- [Diwali picks: HAL, Kotak Bank, TechM, Sona BLW, Auro Pharma among top picks for upto 50% upside](https://www.businesstoday.in/markets/stocks/story/diwali-picks-hal-kotak-bank-techm-sona-blw-auro-pharma-among-top-picks-for-upto-50-upside-565067-2026-11-02)
- [Sona Comstar expects annual investments to rise from Rs 500-600 cr as business grows: MD](https://economictimes.indiatimes.com/industry/auto/auto-components/sona-comstar-expects-annual-investments-to-rise-from-rs-500-600-cr-as-business-grows-md/articleshow/135418034.cms)
- [Sona Comstar expects annual investments to rise from ₹500-600 cr as business grows: MD | Mint](https://www.livemint.com/focus/sona-comstar-expects-annual-investments-to-rise-from-rs-500-600-cr-as-business-grows-md-11793507808754.html)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_31102026183421_Intimation.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026072251_Intimation.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026092909_Intimation.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Allotment of equity shares under ESOP Scheme 2023 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026213429_NRC_Outcome.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/SONACOMS_26102026162612_IPP.pdf)
- [Sona Blw Precision Forgings Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SONACOMS_26102026170351_All_1.pdf)

### FAQs

**What were the key financial results for Sona BLW Precision Forgings in Q2 FY27?**

For the quarter ended September 30, 2026, the company reported revenue of ₹1,546 crore (up 35% year-on-year) and EBITDA of ₹356 crore (up 23% year-on-year). BEV revenue reached an all-time high, contributing 51% of automotive sales, driven by a 129% year-on-year growth in EV business volume. The company maintained its EBITDA margin guidance of 23-25%.

**How has the company's order book evolved recently?**

Sona BLW secured new orders worth ₹3,600 crore during the September quarter, marking its third-highest quarterly addition. This brought the net order book to ₹251 billion as of Q2 FY27. The order book is supported by 75 EPIC Mobility programs across 37 customers.

**What are the plans for capital investment and joint ventures?**

Management expects annual capital investments to rise from the current ₹500-600 crore range to fund R&D and capacity expansion. Regarding joint ventures with Denso, JV1 (carve-out) targets closure by December 2026/January 2027, while JV2 targets closure in the first half of calendar year 2027.

**How has the stock performed technically over recent periods?**

As of November 6, 2026, the stock closed at ₹900.00. It has delivered strong returns, including +89.8% year-to-date and +86.4% over the past year. Technical indicators show a bullish trend on daily, weekly, and monthly timeframes, with immediate support at ₹889.23 and resistance at ₹903.97.

- [Diwali 2026 Muhurat Trading stock picks: Eternal, ICICI, Titan, Radico, 7 more Samvat 2083 stocks by Shriram Research](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-eternal-icici-l-t-titan-to-radico-11-stocks-shriram-research-is-bullish-on-in-samvat-2083-11793796674218.html)
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- [Sona Comstar expects annual investments to rise from Rs 500-600 cr as business grows: MD](https://economictimes.indiatimes.com/industry/auto/auto-components/sona-comstar-expects-annual-investments-to-rise-from-rs-500-600-cr-as-business-grows-md/articleshow/135418034.cms)
- [Sona Comstar expects annual investments to rise from ₹500-600 cr as business grows: MD | Mint](https://www.livemint.com/focus/sona-comstar-expects-annual-investments-to-rise-from-rs-500-600-cr-as-business-grows-md-11793507808754.html)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_31102026183421_Intimation.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026072251_Intimation.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026092909_Intimation.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Allotment of equity shares under ESOP Scheme 2023 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026213429_NRC_Outcome.pdf)
- [Sona Blw Precision Forgings Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/SONACOMS_26102026162612_IPP.pdf)
- [Sona Blw Precision Forgings Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SONACOMS_26102026170351_All_1.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹903.97
- Risk regime: Price Risk Requires Attention

### Support levels
- 788.075
- 773.95
- 759.05

### Resistance levels
- 929.9833333333333
- 944.7166666666667
- 970.7333333333333

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.67% |
| return_10 | +19.55% |
| return_1m | +9.76% |
| return_1y | +86.37% |
| return_20 | +13.49% |
| return_3m | +13.64% |
| return_5 | +1.07% |
| return_6m | +54.48% |
| return_since_start | +52.12% |
| return_ytd | +89.75% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -32.17% |
| annualized_volatility | +33.95% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Sona Blw Precision Forgings Limited FY2026-27 Q2: Revenue up 35%, profit up 31%

Consolidated revenue from operations rose 35% year on year and 18% quarter on quarter to ₹1,546 crore in Q2 FY2026-27. Profit for the period increased 31% year on year to ₹223 crore, while expenses grew 38%; sequentially, profit rose 25% as expenses increased 17%.

## Revenue growth

Revenue from operations increased from ₹1,144 crore in Q2 FY2025-26 and ₹1,310 crore in Q1 FY2026-27 to ₹1,546 crore in Q2 FY2026-27. The ₹236 crore sequential increase was the largest in the five-quarter series, which began in Q2 FY2025-26.

Total income was ₹1,577 crore, up 18% from ₹1,336 crore in Q1 FY2026-27. Other income contributed ₹31 crore in Q2.

## Costs and profit

Total expenses rose 17% sequentially to ₹1,281 crore, slightly below the 18% increase in revenue. Material costs were ₹818 crore, employee benefit expense ₹131 crore, depreciation and amortisation ₹79 crore, and other expenses ₹277 crore. Other expenses rose 21% from Q1 FY2026-27, while finance costs increased to ₹12 crore from ₹10 crore.

Profit before tax increased 23% sequentially to ₹296 crore from ₹241 crore in Q1. Profit for the period rose 25% to ₹223 crore from ₹179 crore; it was up 31% from ₹170 crore in Q2 FY2025-26. Tax expense was ₹73 crore, compared with ₹62 crore in Q1 FY2026-27.

## Earnings per share

Basic and diluted EPS were ₹3.58 in Q2 FY2026-27, up from ₹2.90 in Q1 and ₹2.78 in Q2 FY2025-26.

## Cash, investments and working capital

At 30 September 2026, cash and cash equivalents were ₹108 crore, down from ₹151 crore at 31 March 2026. Bank balances other than cash and cash equivalents rose to ₹405 crore from ₹197 crore, while current investments increased to ₹810 crore from ₹500 crore.

Inventories were ₹786 crore at 30 September 2026, compared with ₹616 crore at 31 March 2026. Trade receivables increased to ₹1,185 crore from ₹1,151 crore, trade payables to ₹733 crore from ₹462 crore, and current borrowings to ₹462 crore from ₹234 crore.

## Management commentary

Management said Q2 FY27 set company records for revenue, EBITDA and PAT. It reported PAT of ₹223 crore, up 29% year on year, and EBITDA of ₹356 crore at a 23.0% margin. Management also said BEV revenue grew 129% year on year and reached a record 51% share of automotive revenue. New orders were ₹36 billion for the quarter, taking the net order book to ₹251 billion, the second-highest quarter-end level.

## Key Takeaway

Revenue growth accelerated in Q2, and profit increased faster than expenses sequentially, lifting EPS to ₹3.58. The quarter-end balance sheet also showed higher inventories, receivables, payables and current borrowings than at 31 March 2026, alongside larger bank and investment balances but lower cash and cash equivalents.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +28.01%
- FII holding: +23.61%
- DII holding: +41.60%
- Mutual fund holding: +36.68%
- Retail holding: +4.99%
- Promoter pledged: +0.00%

### Major reported shareholders

- AUREUS INVESTMENT PRIVATE LIMITED — +28.01% (Bodies Corporate)
- SBI ARBITRAGE OPPORTUNITIES FUND — +8.98%
- ICICI PRUDENTIAL NIFTY AUTO INDEX FUND — +6.75%
- GOVERNMENT OF SINGAPORE — +6.54%
- AXIS MUTUAL FUND TRUSTEE LIMITED — +4.77%
- ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C — +3.62%
- HDFC VALUE FUND — +3.34%
- MIRAE ASSET AGGRESSIVE HYBRID FUND — +1.71%
- MONETARY AUTHORITY OF SINGAPORE — +1.56%
- GOVERNMENT PENSION FUND GLOBAL — +1.39%

## Official filings

- 2026-10-31 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_31102026183421_Intimation.pdf)
- 2026-10-27 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026072251_Intimation.pdf)
- 2026-10-27 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026092909_Intimation.pdf)
- 2026-10-27 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_27102026213429_NRC_Outcome.pdf)
- 2026-10-26 — Earnings Presentation: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_26102026162612_IPP.pdf)
- 2026-10-26 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_26102026170351_All_1.pdf)
- 2026-10-26 — Press Release: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_26102026172559_Press_release.pdf)
- 2026-10-26 — Financial Results Filing: Sona Blw Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746130_26102026063537_WEB.xml)
- 2026-10-26 — Financial Results Filing: Sona Blw Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746131_26102026063544_WEB.xml)
- 2026-10-19 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_19102026174716_Sona_Comstar_Intimation__Revise_.pdf)
- 2026-10-09 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_09102026120728_Sona_Comstar_Intimation.pdf)
- 2026-10-08 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_08102026124442_74.pdf)
- 2026-10-08 — Board Meeting Notice: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_08102026125020_Prior_Intimation.pdf)
- 2026-10-08 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19200_WebXMLFile_20261008_135727855.xml)
- 2026-10-08 — Board Meeting Notice: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19200_WebXMLFile_20261008_135727855.xml)
- 2026-10-06 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_06102026120223_Scrutinizer_Report_final.pdf)
- 2026-10-06 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_06102026151541_Intimation.pdf)
- 2026-10-04 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_04102026173754_NRC_Outcome.pdf)
- 2026-09-17 — Earnings Presentation: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_17092026092907_IP.pdf)
- 2026-09-15 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_15092026162011_intimation_for_closure_of_trading_window.pdf)
- 2026-09-15 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_19200_WebXMLFile_20260915_162740275.xml)
- 2026-09-14 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_14092026153302_Intimation_for_Conference_Jefferies.pdf)
- 2026-09-04 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_04092026134451_Newspaper_notice.pdf)
- 2026-09-03 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SONACOMS_03092026180940_Postal_Ballot_Notice-final.pdf)
- 2026-09-03 — Generic Announcement: Sona BLW Precision Forgings Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_19200_WebXMLFile_20260903_185040513.xml)

## News and market events

- 2026-11-04 — Mint: **Diwali 2026 Muhurat Trading stock picks: Eternal, ICICI, Titan, Radico, 7 more Samvat 2083 stocks by Shriram Research** — Shriram Research has identified 11 stocks, including Eternal Limited, ICICI Bank, and Titan Company Limited, as Diwali Muhurat Trading picks for Samvat 2083, citing improved corporate earnings and policy support as potential market tailwinds. The brokerage highlighted Aeroflex Industries Limited with the highest upside potential of 32%, followed by Radico Khaitan at 22% due to attractive valuations and growth prospects. These selections aim to reward investors who focus on fundamentals amidst a backdrop of negative returns in the previous fiscal year. — [Source](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-eternal-icici-l-t-titan-to-radico-11-stocks-shriram-research-is-bullish-on-in-samvat-2083-11793796674218.html)
- 2026-11-02 — BUSINESSTODAY: **Diwali picks: HAL, Kotak Bank, TechM, Sona BLW, Auro Pharma among top picks for upto 50% upside** — Axis Securities presented technical stock picks for the year ahead, assigning buy ratings with specific target prices to multiple listed companies including Aurobindo Pharma Ltd, Hindustan Aeronautics Ltd, IOL Chemicals and Pharmaceuticals Ltd, Jyoti CNC Automation Ltd, Kotak Mahindra Bank Ltd, Karnataka Bank Ltd, Dr Lalpath Labs Ltd, Mayur Uniquoters Ltd, Shivalik Bimetal Controls Ltd, and Sona BLW Precision Forgings Ltd. The analysis also identified Tech Mahindra Ltd and Welspun Living Ltd as having positive momentum structures suggesting upside potential. — [Source](https://www.businesstoday.in/markets/stocks/story/diwali-picks-hal-kotak-bank-techm-sona-blw-auro-pharma-among-top-picks-for-upto-50-upside-565067-2026-11-02)
- 2026-11-01 — Economic Times: **Sona Comstar expects annual investments to rise from Rs 500-600 cr as business grows: MD** — Sona BLW Precision Forgings Ltd expects its annual capital investments to increase from the current Rs 500-600 crore range as it scales up operations, with funds allocated to R&D and capacity expansion. The company also reported securing new orders worth Rs 3,600 crore during the quarter. — [Source](https://economictimes.indiatimes.com/industry/auto/auto-components/sona-comstar-expects-annual-investments-to-rise-from-rs-500-600-cr-as-business-grows-md/articleshow/135418034.cms)
- 2026-11-01 — Mint: **Sona Comstar expects annual investments to rise from ₹500-600 cr as business grows: MD | Mint** — Sona BLW Precision Forgings Ltd expects its annual capital investments to increase from the current ₹500-600 crore range as the company scales up operations with a focus on R&D and capacity expansion. The company also reported securing new orders worth ₹3,600 crore during the September quarter. — [Source](https://www.livemint.com/focus/sona-comstar-expects-annual-investments-to-rise-from-rs-500-600-cr-as-business-grows-md-11793507808754.html)
- 2026-10-28 — Mint: **Sona BLW shares surge 85% in 2026, hit record high for second straight session: What’s driving the rally? Buy or hold?** — Sona BLW Precision Forgings shares reached a record ₹882 after strong Q2 FY27 results, with profit up 29% and revenue up 34.9% year-on-year. BEV revenue rose 129%, while brokerages raised price targets, citing growth prospects but warning of elevated valuations. — [Source](https://www.livemint.com/market/stock-market-news/sona-blw-shares-surge-85-in-2026-hit-record-high-for-second-straight-session-what-s-driving-the-rally-buy-or-hold-11793175696706.html)
- 2026-10-27 — CNBC-TV18: **Why stock market ended mixed today: Sensex, Nifty flat as Midcap Index gains 565 points** — The Sensex and Nifty ended nearly flat on Tuesday (October 27), as IT stocks saw profit booking and financials remained under pressure, while the Midcap index gained 565 points. Tata Consumer rose nearly 7% after its in-line Q2 results, while capital market stocks extended gains amid reports on LTCG and STT. — [Source](https://www.cnbctv18.com/market/why-stock-market-ended-mixed-today-sensex-nifty-flat-as-midcap-index-gains-565-points-20020388.htm)
- 2026-10-27 — Economic Times: **Sona BLW Precision Forgings shares rally 6% after Q2 profit rises 29%, revenue jumps 35%** — Sona Comstar shares surged nearly 6% after the company reported record Q2FY27 revenue and profit, driven by robust growth in its electric-vehicle business, new orders and product launches. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/sona-blw-precision-forgings-shares-rally-6-after-q2-profit-rises-29-revenue-jumps-35/articleshow/135225348.cms)
- 2026-10-26 — CNBC-TV18: **Stocks to Watch for October 27: Tata Consumer, REC, DCM Shriram, Dalmia Bharat, defence stocks and more** — Stocks to Watch: Tata Consumer Products, REC, Dalmia Bharat, DCM Shriram, Sona BLW, Aavas Financiers, Aequs, Five-Star Business Finance and Genus Power are among the stocks in focus ahead of Tuesday’s trading session after Q2 results and key corporate announcements. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-october-27-tata-consumer-rec-dcm-shriram-dalmia-bharat-defence-share-price-20019656.htm)
- 2026-10-26 — Mint: **Nifty Smallcap 100 sinks 9% in a month | Buy the dip or more pain ahead? Experts flag key levels, stocks to watch** — Small-cap stocks have suffered their steepest weekly decline since February 2025, despite a Monday recovery across Indian markets. Experts say the rebound may not signal a lasting turnaround, pointing to weak market breadth and elevated valuations. — [Source](https://www.livemint.com/market/stock-market-news/nifty-smallcap-100-sinks-9-in-a-month-buy-the-dip-or-more-pain-ahead-experts-flag-key-levels-stocks-to-watch-11793010867432.html)
- 2026-10-26 — CNBC-TV18: **Sona BLW Q2 Results: Net profit surges 30% on higher revenue; BEV revenue jumps 129%** — Sona BLW Precision Forgings reported a 29.9% year-on-year rise in Q2 FY27 net profit to ₹223.4 crore, while revenue grew 35.2% to ₹1,546.4 crore. However, the EBITDA margin contracted to 23% from 25.2% a year earlier. The company’s net order book stood at ₹25,100 crore, while battery electric vehicle revenue surged 129% to ₹606.1 crore. — [Source](https://www.cnbctv18.com/market/stocks/sona-blw-precision-forgings-share-price-q2-results-net-profit-surges-30-on-higher-revenue-bev-revenue-jumps-129-20019576.htm)
- 2026-10-20 — BUSINESSTODAY: **Sona BLW, Solar Industries, Oracle, Aurobindo Pharma, CG Power: Midcap performers of 2026, price targets and more** — Sona BLW, Solar Industries, Oracle, Aurobindo Pharma, CG Power: Midcap performers of 2026, price targets — [Source](https://www.businesstoday.in/markets/stocks/story/sona-blw-solar-industries-oracle-aurobindo-pharma-cg-power-midcap-performers-of-2026-price-targets-and-more-562627-2026-10-20)
- 2026-10-08 — BUSINESSTODAY: **Tata Motors PV, Ather Energy, Hyundai, M&M: Share price targets ahead of Q2 results** — Ather Energy share price, TMPV share price, M&M share price, Ashok Leyland share price, Auto stocks to but, Ather Energy price target 2026 — [Source](https://www.businesstoday.in/markets/stocks/story/tata-motors-pv-ather-energy-hyundai-mm-share-price-targets-ahead-of-q2-results-560271-2026-10-08)
- 2026-10-07 — Mint: **Retail investors chased small-caps. Now they’re nursing losses** — Small-cap stocks with the highest retail shareholding have performed poorly compared with those with the highest mutual fund shareholding — [Source](https://www.livemint.com/market/stock-market-news/retail-investors-chased-small-caps-now-they-re-nursing-losses-11791263994165.html)
- 2026-10-01 — MONEYCONTROL: **Trade Spotlight: How should you trade Gujarat Pipavav Port, Sona BLW, Action Construction Equipment, Dr Lal PathLabs, and others on October 1?** — Trade Spotlight — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-gujarat-pipavav-port-sona-blw-action-construction-equipment-dr-lal-pathlabs-and-others-on-october-1-14042412.html)
- 2026-09-30 — Mint: **Nifty 50 prediction today: Oversold zone raises counter-trend rally hopes | Support, resistance** — Momentum indicators show strength with bullish signals from MACD and RSI. The stock is preparing for a breakout above ₹836, potentially testing ₹890. Market declined nearly 6% in September, with bearish trends persisting, while Sona BLW shows potential bullish breakout near pivot levels. — [Source](https://www.livemint.com/market/stock-market-news/nifty-50-prediction-today-oversold-zone-raises-counter-trend-rally-hopes-support-resistance-11790790026650.html)
- 2026-09-30 — Mint: **Stock recommendations for 30 September from MarketSmith India** — MarketSmith India reveals its top stock recommendations for today, 30 September. Get expert insights into the best-performing stocks to guide your investment decisions. — [Source](https://www.livemint.com/market/stock-market-news/stock-recommendations-for-30-september-from-marketsmith-india-11790699049606.html)
- 2026-09-29 — MONEYCONTROL: **Nomura retains 'Buy' on M&M, Hyundai India, Ather, TVS, Sona BLW as auto demand stays strong** — Nomura, automobile, Mahindra and Mahindra, Hyundai India, Ather, TVS, Sona BLW — [Source](https://www.moneycontrol.com/news/business/stocks/nomura-retains-buy-on-m-m-hyundai-india-ather-tvs-sona-blw-as-auto-demand-stays-strong-14040963.html)
- 2026-09-28 — BUSINESSTODAY: **Sona Comstar: Jefferies highlights company's shift towards higher-value engineering; stock reacts** — Sona Comstar shares, Sona BLW Precision Forgings Ltd, Sona Comstar stock, Sona BLW, Jefferies, Sona Comstar Jefferies report, Sona Comstar EV business, Sona Comstar Denso partnership, Sona Comstar robotics, physical AI, railway business, EV stocks, auto component stocks, manufacturing stocks, India manufacturing — [Source](https://www.businesstoday.in/markets/stocks/story/sona-comstar-jefferies-highlights-companys-shift-towards-higher-value-engineering-stock-reacts-558170-2026-09-28)
- 2026-09-23 — Mint: **Stock recommendations for 23 September from MarketSmith India** — MarketSmith India reveals its top stock recommendations for today, 23 September. Get expert insights into the best-performing stocks to guide your investment decisions. — [Source](https://www.livemint.com/market/stock-market-news/stock-recommendations-for-23-september-from-marketsmith-india-11790078815895.html)
- 2026-09-22 — CNBC-TV18: **Why Helios MF is adding new-age and precision engineering stocks** — Dinshaw Irani, CEO of Helios Mutual Fund is also positive on the logistics segment, particularly companies that are positioned to benefit from the growth of e-commerce and quick commerce. — [Source](https://www.cnbctv18.com/market/new-age-precision-engineering-stocks-hdfc-bank-helios-mf-dinshaw-irani-19995837.htm)
- 2026-09-21 — Mint: **Nifty Auto looks set to snap a 5-month winning streak - Should you buy the dip in auto, auto ancillary stocks?** — After a 5-month winning streak, Nifty Auto and major auto stocks are in decline due to profit booking and economic concerns. With rising oil prices and impending interest rate hikes, experts suggest selective buying.  — [Source](https://www.livemint.com/market/stock-market-news/nifty-auto-looks-set-to-snap-a-5-month-winning-streak-should-you-buy-the-dip-in-auto-auto-ancillary-stocks-11789976254551.html)
- 2026-09-21 — Mint: **Temporary workers account for nearly 90% of workforce at several auto companies | Mint** — The share of temporary workers has risen sharply over the past four fiscal years, as companies expanded production, added shifts and increased factory capacity to capitalise on growth in the Indian market. — [Source](https://www.livemint.com/industry/manufacturing/temporary-workers-account-for-nearly-90-of-workforce-at-several-auto-companies-11789909156286.html)
- 2026-09-19 — Economic Times: **F&O Talk: 23,050 key Nifty support; Sudeep Shah outlines Tata stocks strategy, names 5 picks** — Niftys 23,000-23,050 zone remains a crucial support as the index navigates a prolonged correction, while 23,500 is the key hurdle. SBI Securities Sudeep Shah outlines the outlook for Nifty, Bank Nifty and IT, shares technical views on Tata stocks, and names five stocks that look promising for the coming week. — [Source](https://economictimes.indiatimes.com/markets/expert-view/fo-talk-23050-key-nifty-support-sudeep-shah-outlines-tata-stocks-strategy-names-5-picks/articleshow/134349624.cms)
- 2026-09-18 — CNBC-TV18: **Dalal Street gains for 3rd straight day: 5 reasons behind today’s rally** — The Nifty Bank gained 303 points to 56,359, while the Midcap index climbed 759 points to 62,191. Market breadth favoured advances, with the advance-decline ratio at 2:1. — [Source](https://www.cnbctv18.com/market/dalal-street-gains-for-3rd-straight-day-5-reasons-behind-todays-rally-19993682.htm)
- 2026-09-18 — Economic Times: **Capitalmind Flexi Cap Fund adds Divi’s Laboratories, Bajaj Auto and 3 other stocks in August** — Capitalmind Flexi Cap Fund made five fresh additions and completely exited five stocks from its portfolio in August, while keeping its exposure unchanged in 27 stocks. The fund had 32 stocks across 17 sectors, with healthcare accounting for the largest allocation. Heres a look at the stocks added and exited, sector allocation and the funds performance since inception. — [Source](https://economictimes.indiatimes.com/mf/analysis/capitalmind-flexi-cap-fund-adds-divis-laboratories-bajaj-auto-and-3-other-stocks-in-august/articleshow/134328679.cms)

## Business profile

**Strategic vision:** Designs, manufactures, and supplies automotive systems and components.

### Business segments
- **Automotive Powertrain Systems and Components:** Develops and provides integrated solutions including mechanical and electrical hardware systems, components, and software for both electrified and non-electrified powertrain segments.

### Competitive strengths
- Proprietary technology in advanced precision forging
- Expertise in designing and manufacturing integrated mechanical and electrical hardware systems and components

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/sonacoms
Markdown representation: https://faxioms.com/stocks/sonacoms?render=md