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Auto component manufacturer Sona BLW Precision Forgings Ltd is accelerating its shift towards electrification, with a growing EV-heavy orderbook reshaping its long-term growth trajectory. As of the end of FY26, the company’s net orderbook stood at ₹23,700 crore—around 5.3 times its annual revenue—with nearly 70% linked to electric vehicle (EV) programmes, signalling a structural transformation in its business.
The company currently has 67 EV programmes across 35 global customers, reflecting deeper OEM partnerships and an expanding international footprint. In Q4 alone, it secured multiple EV and hybrid driveline programmes across Europe and other key markets, strengthening its future revenue pipeline.
Electrification is increasingly central to Sona Comstar’s revenue mix. In Q4 FY26, battery electric vehicle (BEV) revenue contributed 39% of its automotive product revenue, while for the full year, it accounted for around 35%. This marks a significant rise over recent years and aligns with global EV adoption trends.
On the financial front, the company reported a strong FY26 performance, with revenue growing 26% year-on-year to ₹44,751 million and EBITDA rising 13% to ₹11,069 million. However, margins moderated to 24.7% due to an adverse product mix and higher costs. In Q4, revenue surged 47% and EBITDA grew 32%, though margins remained under pressure due to commodity inflation and base effects.
Beyond electrification, Sona Comstar is repositioning itself from a component supplier to an integrated systems provider. Its technology roadmap includes motor controllers, radar sensors, e-axles, and propulsion systems, with applications extending to emerging areas such as eVTOL and autonomous mobile robots.
The company is also expanding into non-automotive segments, including railways and industrial applications, further diversifying its revenue base. With a strong EV-focused orderbook, increasing programme wins, and a push into advanced mobility technologies, Sona Comstar appears well-positioned for the next phase of growth, despite near-term margin pressures.
