Buy Sona BLW Precision Forgings, target price Rs 678: LKP Securities

economictimes.indiatimes.com:

Sona BLW Precision Forgings with a target price of Rs 678. The current market price of Sona BLW Precision Forgings Ltd. is Rs 610.45.

Sona BLW Precision Forgings Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 35800.48 Crore) operating in Auto Ancillaries sector.

Sona BLW Precision Forgings Ltd. key Products/Revenue Segments include Other Auto Components, Scrap, Export Incentives, Other Services, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2023.

Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 892.73 Crore, up 14.22 % from last quarter Total Income of Rs 781.56 Crore and up 19.27 % from last year same quarter Total Income of Rs 748.49 Crore. Company reported net profit after tax of Rs 148.08 Crore in latest quarter.

Promoter/FII Holdings Promoters held 29.71 per cent stake in the company as of 31-Mar-2024, while FIIs owned 32.93 per cent, DIIs 28.75 per cent.