ADVERTISEMENT

Sona Comstar IPO - ICICI Direct's Investment Rationale

Sona Comstar IPO - ICICI Direct's Investment Rationale

Boxes of metal auto parts in Japan. (Photographer: Akio Kon/Bloomberg)
Boxes of metal auto parts in Japan. (Photographer: Akio Kon/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Sona BLW Precision Forgings Ltd. (Sona Comstar) is a diversified manufacturer of highly engineered automotive components and systems with capabilities across drivetrain parts and motor electronics.

The company has six manufacturing locations in India along with three plants abroad, serving automotive original equipment manufacturers in the domestic as well as international markets.

As of FY21, consolidated sales were at Rs 1,566 crore with Ebitda at Rs 441 crore (margins of ~28%) and profit after tax at Rs 215 crore.

Chief product lines include differential gears (27.8% of sales), differential assemblies (17.6% of sales), micro hybrid starter motors (26.7% of sales) and conventional starter motors (23.8% of sales).

Click on the attachment to read the full report:

ICICI Direct Sona BLWP recision IPO Review.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.