Buy Kajaria Ceramics, target price Rs 1480: JM Financial

JM Financial has buy call on Kajaria Ceramics with a target price of Rs 1480. The current market price of Kajaria Ceramics is Rs 1169.
Kajaria Ceramics Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 18914.31 Crore) operating in Building Materials sector.

Kajaria Ceramics Ltd. key Products/Revenue Segments include Tiles, Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1258.26 Crore, up 8.19 % from last quarter Total Income of Rs 1163.02 Crore and up 3.54 % from last year same quarter Total Income of Rs 1215.24 Crore. Company reported net profit after tax of Rs 104.97 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 47.49 per cent stake in the company as of 31-Mar-2024, while FIIs owned 19.18 per cent, DIIs 24.91 per cent.