Buy Sona BLW Precision Forgings, target price Rs 598: ICICI Securities

ICICI Securities has buy call on Sona BLW Precision Forgings with a target price of Rs 598. The current market price of Sona BLW Precision Forgings is Rs 529.

Sona BLW Precision Forgings Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 30866.04 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 30-06-2023, the company reported a Consolidated Total Income of Rs 737.53 Crore, down -1.46 % from last quarter Total Income of Rs 748.49 Crore and up 24.95 % from last year same quarter Total Income of Rs 590.24 Crore. Company reported net profit after tax of Rs 112.04 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 29.76 per cent stake in the company as of 30-Sep-2023, while FIIs owned 33.35 per cent, DIIs 27.5 per cent.