Buy Kajaria Ceramics, target price Rs 1360: HDFC Securities

HDFC Securities has buy call on Kajaria Ceramics with a target price of Rs 1360. The current market price of Kajaria Ceramics Ltd. is Rs 1242.95.

Time period given by analyst is one year when Kajaria Ceramics Ltd. price can reach defined target.

Kajaria Ceramics Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 19774.95 Crore) operating in Building Materials sector.


Kajaria Ceramics Ltd. key Products/Revenue Segments include Tiles, Other Operating Revenue and Power for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 567.66 Crore, down -40.87 % from last quarter Total Income of Rs 959.95 Crore and up 102.61 % from last year same quarter Total Income of Rs 280.18 Crore. Company reported net profit after tax of Rs 41.46 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 47.51 per cent stake in the company as of 30-Sep-2021, while FIIs owned 24.89 per cent, DIIs 15.24 per cent.