Buy Ramkrishna Forgings, target price Rs 1530: Emkay Global

Emkay Global has buy call on Ramkrishna Forgings with a target price of Rs 1530. The current market price of Ramkrishna Forgings is Rs 949.95.

Time period given by analyst is one year when Ramkrishna Forgings Ltd. price can reach defined target.

Ramkrishna Forgings Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 3037.90 Crore) operating in Auto Ancillaries sector.


Ramkrishna Forgings Ltd. key Products/Revenue Segments include Forgings, Scrap, Other Operating Revenue, Export Incentives and Sale of services for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 579.38 Crore, up 38.71 % from last quarter Total Income of Rs 417.69 Crore and up 128.96 % from last year same quarter Total Income of Rs 253.05 Crore. Company reported net profit after tax of Rs 44.06 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 46.02 per cent stake in the company as of 30-Sep-2021, while FIIs owned 17.19 per cent, DIIs 5.38 per cent.