Ramkrishna Forgings share price: Buy Ramkrishna Forgings, target price Rs 1530: Emkay

Emkay Global Financial Services has a buy call on Ramkrishna Forgings Ltd. with a target price of Rs 1530. The current price of Ramkrishna Forgings Ltd. is Rs 909.4.

Ramkrishna Forgings Ltd., incorporated in the year 1981, is a Small-Cap company (with a market cap of Rs 2913.19 Crore) operating in Auto Ancillaries sector.

Ramkrishna Forgings Ltd. key Products/Revenue Segments include Forgings, Scrap, Other Operating Revenue, Export Incentives and Sale of services for the year ending 31-Mar-2021.



Financials


For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 579.38 Crore, up 38.71 per cent from last quarter Total Income of Rs 417.69 Crore and up 128.96 per cent from last year same quarter Total Income of Rs 253.05 Crore. Company has reported net profit after tax of Rs 44.06 Crore in latest quarter.


Promoter/FII Holdings


Promoters held 46.02 per cent stake in the company as of 30-Sep-2021, while FIIs owned 17.19 per cent, DIIs 5.38 per cent.

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