India's Sona BLW Forgings falls as analysts flag margin concerns

Sona Blw Precision Forgings

04/05/2026 07:45

** Shares of India's Sona BLW Precision Forgings SONB.NS down 3.75% to 584.60 rupees

** Auto parts maker posted 17% y/y rise in Q4 profit, revenue up 45.5% Y/Y

** Analysts flag margin pressure

** Nomura ("buy"; TP: 720 rupees) cites near-term margin pressure from higher commodity, labour costs

** Jefferies ("buy"; TP: 700 rupees) says margins dipped due to higher commodity costs, weaker mix

** Elara Securities ("buy"; TP: 749 rupees) cites commodity inflation for persistent margin pressure

** However, EV segment remains in the spotlight; Elara Securities says strong revenue growth driven by EV, railway segments

** Nomura says EV demand to improve due to higher oil prices

($1 = 94.9100 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))