Sona BLW Precision Forgings Limited

Global Automotive player Sona BLW Precision Forgings is set to hit the bourse on June 14 as shrugs off the pandemic impact. The Blackstone-backed automotive components maker boasts of having major OEM players as its customers including Tata Motors, Ashok Leyland, Daimler and Volvo. It derives 75% of its revenue from overseas. Not just customers, but the company also has a well-diversified and strong portfolio of products. The company is a leading player in manufacturing of differential bevel gears, starter motors and battery electric vehicle (BEV) differential assemblies with a market share of 5%, 3% and 8.7% respectively in 2020. The company is ready for the advent of electric vehicles. It has increased its sales to the EV market at a CAGR of 243.6% from ₹17.42 crore in FY19 to ₹205.70 crore in FY21.