Understanding Sona BLW Precision Forgings Share Price Movement
The share price of Sona BLW Precision Forgings experienced several fluctuations around the specified date of 16th October 2023. On the 16th itself, the share price decreased by 0.09% and closed at ₹560.55 per share, trading later at ₹560.05 per share1. Following that, on 17th October 2023, there was a slight drop of 0.03%, closing at ₹560.15 per share and trading at ₹560 per share afterward2. On the 19th of October 2023, a more significant decrease of 1.64% occurred, closing at ₹558.15 per share and trading at ₹549 per share later3. Earlier, on 11th October 2023, there was an increase of 1.56% from the previous day, trading at ₹562.85 per share from ₹554.2 per share4.
The share price movement was part of a broader trend as well. By 23rd October 2023, the share price was noted to be ₹532.25, which was a 1.52% decrease from the previous share price of ₹549.4. Over the last month, the share price had moved down by 8.18%, and over the last three months, it had decreased by 6.90%5. The trading range on 13th October 2023 was between ₹557.15 and ₹561.76. Additionally, as of 17th October 2023, the share price was 10.78% below its 52-week high of ₹625.95 set on 23rd August 20237.
For the conversion to USD, various sources suggest slightly different exchange rates for INR to USD around 16th October 2023. One source indicates an exchange rate of 1 USD = 83.276 INR8, another does not provide the exact rate but mentions having the data for 16th October 20239, and a third source provides the rate of 1 USD = 83.233 INR on 20th October 202310. Utilizing these rates, the share prices in USD on 16th October 2023 would range from approximately $6.73 to $6.74.
On the 16th of October 2023, the conversion rate from Indian Rupee (INR) to US Dollar (USD) varied slightly among different sources. According to one source, the exchange rate was 1 USD = 83.276 INR. Another source did not provide the exact rate but confirmed having the data for that day. Lastly, a third source stated that on the 20th of October 2023, the exchange rate was 1 USD = 83.233 INR.
Considering these exchange rates, the share prices in USD on the 16th of October 2023 would range from approximately $6.73 to $6.74.
Sona BLW Precision Forgings Limited
Sona BLW Precision Forgings Limited is a prominent automotive technology company based in India. Established on 27 October 1995, it’s a publicly listed company situated in Gurgaon, Haryana. The company’s authorized share capital stands at INR 1,150.00 crore, with a total paid-up capital of INR 585.42 crore. For the financial year ending on 31 March 2022, the operating revenues were over INR 500 crore, exhibiting a robust increase in EBITDA by 108.10% compared to the preceding year. Moreover, the book networth rose by 60.47% within the same period. As of the last report, the company is active, and its last Annual General Meeting (AGM) was held on 19 July 2023. The company operates under the Corporate Identification Number (CIN) L27300HR1995PLC083037, with its registered office located at Sona Enclave Village Begumpur Khatola, Sector 35, Gurgaon, Haryana1.
The primary focus of Sona BLW Precision Forgings is on designing, manufacturing, and supplying precision forged bevel gears, differential case assemblies, conventional and micro-hybrid starter motors, along with EV traction motors for automotive and various other applications2. These offerings are extended to a range of automotive components that are mission-critical, such as differential assemblies, gears, and micro-hybrid starter motors, among others3. Their product portfolio includes bevel gears, case assemblies, and synchronizer rings, significantly catering to automotive applications1.
The company operates within several industrial segments, including Motor Vehicle Parts Manufacturing, Forging and Stamping, Electrical Equipment Manufacturing, among others, with a variety of products like gear and chain forgings, electric motor starters, and motor vehicle parts and accessories4. Globally, Sona BLW Precision Forgings has a strong presence with nine plants spread across India, China, Mexico, and the USA, showcasing its significant footprint in the global automotive systems and components manufacturing domain5.
In terms of financial performance, Sona BLW Precision Forgings reported a notable increase of 47% in its consolidated net profit, amounting to INR 112 crore during the June quarter, compared to INR 76 crore in the same period of the previous fiscal year. The revenue from operations also surged to INR 731 crore in the first quarter of the current fiscal6.
