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    you are here: HomeNewsBusinessMoneycontrol Research

    Sona BLW: An acquisition for future

    SBPFL is supplying its products and solutions to electric vehicles (EVs) whereas Novelic is catering to autonomous vehicles

    Nitin Agrawal
    January 13, 2023 / 02:15 PM IST
    Sona BLW: An acquisition for future

    On the back of overall stock market volatility and concerns over demand in overseas markets, SBPFL’s stock price has witnessed a correction of 46 percent from its 52-week high. (Representative image)

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights Novelic provides technology for autonomous cars Novelic is profitable since its inception and is a net zero-debt company Acquisition expected to be EPS-accretive from year one Novelic expected to contribute 10-15% in SBPFL’s revenue over 6-7 years Sona BLW Precision Forgings’ (SBPFL; CMP: Rs 432.3; M Cap: Rs 25,330 crore) — one of the rare gems in the listed space to play the mega trend of electrification of vehicles — has acquired a 54 percent stake in Serbia-based Novelic for a total consideration...

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