Buy Kajaria Ceramics, target price Rs 1312: ICICI Securities

has buy call on Kajaria Ceramics with a target price of Rs 1312. The current market price of is Rs 1042.3.
., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 16645.37 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.

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 1085.39 Crore, up 6.80 % from last quarter Total Income of Rs 1016.31 Crore and up 10.68 % from last year same quarter Total Income of Rs 980.67 Crore. Company reported net profit after tax of Rs 68.89 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 47.5 per cent stake in the company as of 30-Jun-2022, while FIIs owned 19.58 per cent, DIIs 22.4 per cent.
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