Buy Kajaria Ceramics, target price Rs 1450: HDFC Securities

HDFC Securities has buy call on Kajaria Ceramics with a target price of Rs 1450. The current market price of Kajaria Ceramics is Rs 1030.5. 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 16427.66 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 31-12-2021, the company reported a Consolidated Total Income of Rs 1075.65 Crore, up 9.69 % from last quarter Total Income of Rs 980.67 Crore and up 27.33 % from last year same quarter Total Income of Rs 844.77 Crore. Company reported net profit after tax of Rs 124.73 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 47.51 per cent stake in the company as of 31-Dec-2021, while FIIs owned 22.45 per cent, DIIs 17.26 per cent.