Neutral on Sona BLW Precision Forgings, target price Rs 610: Motilal Oswal

Motilal Oswal has neutral call on Sona BLW Precision Forgings with a target price of Rs 610. The current market price of Sona BLW Precision Forgings is Rs 586.15.

Sona BLW Precision Forgings Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 34010.69 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 31-12-2023, the company reported a Consolidated Total Income of Rs 781.56 Crore, down -1.93 % from last quarter Total Income of Rs 796.90 Crore and up 13.56 % from last year same quarter Total Income of Rs 688.23 Crore. Company reported net profit after tax of Rs 133.60 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 29.71 per cent stake in the company as of 31-Dec-2023, while FIIs owned 32.88 per cent, DIIs 27.9 per cent.