Brokerage Advised Buy, Know The Target Price; 40% Jump In The Company’s Profit

Stocks to Buy: After the results of marble and tiles manufacturing giant Kajaria Ceramics(NSE: KAJARIACER), a top brokerage house has advised long-term investors to buy it and has given a big target.

There was a 40.2 percent jump in the company’s profit in the December quarter (Q3FY34) of the current financial year. 

There was an increase of 2.9 percent in revenue. On the last trading day, the stock closed at the level of 1247.85 with a decline of 2.49 percent.

Kajaria Ceramics Q3 Results

Brokerage house said in its report that in the December quarter, the net sales of Kajaria Ceramics increased by 5.6 percent year-on-year to Rs 1152 crore.

Sales volume of tiles increased 6.4% year-on-year to 27.1 msm, while demand remained weak. Tiles revenue grew 2.9% YoY to ₹1013 crore, offset by a 2.9% YoY decline in prices. 

EBITDA was at ₹179 crore YoY due to a decline in gas prices and the benefit of alternative fuels in the overall mix. 34% higher, the resulting margin was 15.5%, which is 333 bps higher.

The brokerage house says overall domestic demand for tiles has declined (flat in M9FY24, while Kajaria grew at 6%). The weakness in exports was due to Suez Canal issues.

According to the brokerage, the company expects demand to increase in FY2025 due to government demand for infrastructure projects as well as the completion of real estate projects. Kajaria expects the industry’s growth rate to be 6-7% in FY2025.

Company has increased the volume CAGR by 10.3% to 136.6 MSM in FY23-26. Total revenue CAGR is expected to be 11.6%.

Kajaria Ceramics Share Target

The brokerage expects Kajaria Ceramics’ margins to reach 17% in FY26. 

The real estate completion cycle and continued focus on infrastructure are likely to boost the medium to long-term demand trajectory of the building materials sector, including tiles. 

Kajaria Ceramics, with a strong net cash balance sheet and strong brands, is playing a strong role in the tiles sector with growing penetration in tier 2/3 cities.

The brokerage has maintained buy rating on Kajaria Ceramics. They has kept Kajaria’s share price target at ₹1585. At the current price, it can yield a return of 23 percent.

About Kajaria Ceramics Ltd

Kajaria Ceramics Limited is an India-based company that produces ceramic/vitrified tiles. The company’s segments are Tiles and Others.

The Tiles segment engages in the production and trading of vitrified and ceramic floor and wall tiles. 

The Other segment is involved in the production of faucets, sanitary ware and trade of blocks and plywood, and includes bathware and products made of plywood. 

The product categories it offers include vitrified glazed tiles – Eternity Ceramic floor and wall tiles polished vitrified tiles as well as tiles adhesives. 

The Wall Tiles product categories are kitchen, bathroom and outdoor living rooms bedrooms, and wall tiles designed for commercial areas.

The floor tiles categories include outdoor, living room kitchen, bedroom floor tiles, bathroom and kitchen for commercial areas. 

The company’s Eternity vitrified tiles are glazed and comprise admiral brown and bolvia gray. ambrosia decor, ambrosia, apollo grey,astonia nero , astonia bronze and blossom beige decor.

Fundamental Analysis of Kajaria Ceramics Ltd

Kajaria Ceramics Share Price Target 2024 To 2030

Kajaria Ceramics Ltd Shareholding Pattern

Kajaria Ceramics Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

Last 5 Years’ Net Profit:

Last 5 Years’ Debt-To-Equity Ratio:

Last 10 Years’ Profit Growth:

Last 10 years’ Return on Equity (ROE):

Sales Growth Over 10 Years:

Conclusion

This article is a complete guide about Kajaria Ceramics Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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