Buy Ramkrishna Forgings, target price Rs 215: ICICI Direct

ICICI Direct has buy call on Ramkrishna Forgings with a target price of Rs 215. The current market price of Ramkrishna Forgings is Rs 160.9. 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 2634.98 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 31-12-2021, the company reported a Consolidated Total Income of Rs 602.93 Crore, up 4.06 % from last quarter Total Income of Rs 579.38 Crore and up 49.20 % from last year same quarter Total Income of Rs 404.10 Crore. Company reported net profit after tax of Rs 45.35 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 46.04 per cent stake in the company as of 31-Dec-2021, while FIIs owned 16.07 per cent, DIIs 5.37 per cent.