On Tuesday, Sona BLW's shares leapt 9.8% to ₹794.30, the biggest single‑day jump since October 2024, after the company released its September‑quarter results. The lift came on a backdrop of a 35.2% YoY revenue uptick to ₹1,546.4 crore and net profit rising 29.9% to ₹223.4 crore, up from ₹172 crore a year earlier.
Battery‑electric‑vehicle (BEV) revenue exploded 129% year‑on‑year to ₹606.1 crore, accounting for 51% of automotive sales. The company secured ₹3,600 crore of orders during the quarter, and its net order book sits at ₹25,100 crore—its second‑highest level on record, with EV and robotics programs contributing 65% of the book.
Analysts remain divided. Citi raised its target to ₹960 from ₹830, signalling a 23% upside from Monday’s close, while JPMorgan cut its target to ₹600, implying a 23% downside. Kotak keeps a “Sell” rating at a ₹700 target, citing expensive valuations. Bernstein, on the other hand, maintains an “Overweight” stance with an ₹850 target, a 9% upside.
Looking ahead, Sona BLW has upped its FY27‑FY29 revenue growth forecasts by 9‑13% and EBITDA forecasts by 5‑10%. The company expects its EPS to grow at a CAGR of 23% over FY26‑FY29. At 47x FY28 price‑to‑earnings, the stock trades on a premium to its sector peers.
Of the 21 analysts covering the stock, 14 hold a “Buy” rating, 4 are “Hold” and 3 stay “Sell”, underscoring the split sentiment surrounding the company’s valuation and growth prospects.