Buy LG Balakrishnan & Bros, target price Rs 1620: HDFC Securities
LG Balakrishnan & Bros with a target price of Rs 1620. The current market price of LG Balakrishnan & Bros is Rs 1494.6. LG Balakrishnan & Bros Ltd., incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 4711.06 Crore) operating in Auto Ancillaries sector.
LG Balakrishnan & Bros Ltd. key Products/Revenue Segments include Auto Components, Scrap and Duty Drawback for the year ending 31-Mar-2024.
Financials For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 585.41 Crore, down -5.42 % from last quarter Total Income of Rs 618.95 Crore and up 6.78 % from last year same quarter Total Income of Rs 548.25 Crore. Company reported net profit after tax of Rs 65.21 Crore in latest quarter.
Promoter/FII Holdings Promoters held 33.76 per cent stake in the company as of 30-Jun-2024, while FIIs owned 7.46 per cent, DIIs 14.31 per cent.
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