INSUBCONTINENT EXCLUSIVE:
Edelweiss Financial Services has a buy call on Kajaria Ceramics Ltd
with a target price of Rs 690
The current market price of Kajaria Ceramics Ltd
Time period given by the brokerage is a year when Kajaria Ceramics Ltd
price can reach defined target
Kajaria Ceramics Ltd., incorporated in 1985, is a midcap company with a market cap of Rs 8429.13 crore.
Investment rationale by
210bps to 16% due to higher fuel cost
Hence, we revise down FY19/FY20E EPS 18%/23%, respectively
However, we continue to maintain our thesis and reiterate our conviction that organised players will benefit on effective implementation of
We believe, KJC, by virtue of being the market leader, strong cash flow generation and superior return ratios (RoCE of ~30%), will continue
to enjoy premium valuation
We believe, sustained market share gains aided by strongindustry drivers, GST implementation and structural shift from unorganised to
