Buy Sona BLW Precision Forgings, target price Rs 645: ICICI Securities

ICICI Securities has buy call on Sona BLW Precision Forgings with a target price of Rs 645. The current market price of Sona BLW Precision Forgings is Rs 471.95. Time period given by analyst is one year when Sona BLW Precision Forgings Ltd. price can reach defined target.

Sona BLW Precision Forgings Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 27376.92 Crore) operating in Auto Ancillaries sector.

Sona BLW Precision Forgings Ltd. key Products/Revenue Segments include Other Auto Components, Scrap, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 660.22 Crore, up 11.86 % from last quarter Total Income of Rs 590.24 Crore and up 12.62 % from last year same quarter Total Income of Rs 586.25 Crore. Company reported net profit after tax of Rs 92.55 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 67.18 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.1 per cent, DIIs 14.82 per cent.