Buy Kajaria Ceramics, target price Rs 1600: Motilal Oswal

Motilal Oswal has buy call on Kajaria Ceramics with a target price of Rs 1600. The current market price of Kajaria Ceramics is Rs 1202.25.

Kajaria Ceramics Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 19092.68 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 31-12-2023, the company reported a Consolidated Total Income of Rs 1163.02 Crore, up 2.93 % from last quarter Total Income of Rs 1129.89 Crore and up 5.86 % from last year same quarter Total Income of Rs 1098.61 Crore. Company reported net profit after tax of Rs 108.26 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 47.49 per cent stake in the company as of 31-Dec-2023, while FIIs owned 18.33 per cent, DIIs 25.53 per cent.