Buy Shivalik Bimetal Controls, target price Rs 785: Anand Rathi

Anand Rathi has buy call on Shivalik Bimetal Controls with a target price of Rs 785. The current market price of Shivalik Bimetal Controls is Rs 629.

Shivalik Bimetal Controls Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 3596.81 Crore) operating in Metals - Ferrous sector.

Shivalik Bimetal Controls Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 141.74 Crore, up 11.10 % from last quarter Total Income of Rs 127.58 Crore and up 13.10 % from last year same quarter Total Income of Rs 125.32 Crore. Company reported net profit after tax of Rs 23.81 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.13 per cent stake in the company as of 31-Mar-2024, while FIIs owned 3.26 per cent, DIIs 1.89 per cent.