Buy Ramkrishna Forgings, target price Rs 850: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Ramkrishna Forgings with a target price of Rs 850. The current market price of Ramkrishna Forgings is Rs 828.15.

Ramkrishna Forgings Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 14630.22 Crore) operating in Auto Ancillaries sector.

Ramkrishna Forgings Ltd. key Products/Revenue Segments include Forgings, Scrap, Other Operating Revenue, Export Incentives, Sale of services and Job Work for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1041.84 Crore, down -1.65 % from last quarter Total Income of Rs 1059.32 Crore and up 16.61 % from last year same quarter Total Income of Rs 893.43 Crore. Company reported net profit after tax of Rs 94.04 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 43.17 per cent stake in the company as of 31-Mar-2024, while FIIs owned 24.54 per cent, DIIs 3.69 per cent.